----

| 1.   | Name      of the Plan |
|----------------|-----------------------|

| 2.   | Purpose      of the Plan |
|----------------|--------------------------|

| 3.   | Shares      Subject to the Plan |
|----------------|---------------------------------|

| 4.   | Grants      to Eligible Persons |
|----------------|---------------------------------|

| 5.   | Non-transferability |
|----------------|---------------------|

| 6.   | Adjustments |
|----------------|-------------|

| 7.   | Vesting      of Shares |
|----------------|------------------------|

| 8.   | Plan      Duration |
|----------------|--------------------|

| 9.   | Administration |
|----------------|----------------|

| 10.   | Terminating      Transactions |
|-----------------|-------------------------------|

| 11.   | Government      Regulations |
|-----------------|-----------------------------|

| 12.   | Costs      and Expenses |
|-----------------|-------------------------|

| 13.   | Amendment      of Termination of the Plan |
|-----------------|-------------------------------------------|

| 14.   | Effective      Date of the Plan |
|-----------------|---------------------------------|

| 15.   | Limitation      of Liability |
|-----------------|------------------------------|

| 16.   | Governing      Law and Jurisdiction |
|-----------------|-------------------------------------|

| 17.   | Status      of the Plan |
|-----------------|-------------------------|

----

| 1.   | Name of the      Plan |
|----------------|-----------------------|

| 1.1 | This      equity compensation plan shall be known as “The Global Sources Directors      Share Grant Award Plan” (the “Plan”). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.2 | This      Plan is made pursuant to The Global Sources Equity Compensation (2007)      Master Plan (the “Master      Plan”), and constitutes a supplementary or subsidiary document to      (and shall form an integral part of and be read in conjunction with) the      Master Plan. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | Purpose of the      Plan |
|----------------|--------------------------|

| 2.1 | The      purpose of this Plan is to make awards of common shares of US$0.01 each      (the “Shares”) in      Global Sources Ltd. (the “Company”), a company      incorporated in Bermuda, through The Global Sources Equity Compensation      Trust 2007 (the “Trust”) to Eligible      Persons as set out in Section 4. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | Shares Subject to the      Plan |
|----------------|---------------------------------|

| 3.1 | The      Trust has been established pursuant to a Declaration of Trust dated 28      November 2006 (“Trust      Document”) by Appleby Trust (Bermuda) Limited (now known as      “Appleby Services (Bermuda) Limited”) (the “Trustee”), and the      trusts set out therein have been accepted by the  Trustee. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | All      Awarded Shares (as defined in Section 4.3) awarded to a Grantee (as      defined in Section 4.2) shall be issued and allotted by the Company to the      Trustee (which Awarded Shares so issued and allotted shall form part of      the Trust property to be held by the Trustee as trustee of the Trust), and      shall be eligible for the subsequent transfer (and shall be subsequently      transferred) by the Trustee to the respective Grantee pursuant to this      Plan, subject to and in accordance with the vesting rules and other      applicable provisions of this Plan. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3 | A      plan committee (the “Plan      Committee”) has been constituted to (amongst other things)      determine the award and allocation of the grant of Shares and other      benefits to the Grantees, with such powers, functions, rights,      responsibilities and terms of reference as are provided for, and/or      contemplated, by the Master Plan and/or the Trust  Document. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Grants to Eligible      Persons |
|----------------|---------------------------------|

| 4.1 | In      this Plan, “Eligible      Person” shall mean any person who, on or after the Commencement      Date (as defined in Section 14.1) hereof, is a director of the Company at      the time an award of Shares is made to him or her under this      Plan. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2 | Each      Eligible Person shall be eligible to receive awards of Shares under this      Plan. The Plan Committee shall select and determine (in its sole and      absolute discretion) which Eligible Persons shall receive awards of Shares      (the persons receiving such awards of Shares being hereinafter referred to      collectively as the “Grantees” and      individually as a “Grantee”). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 4.3 | The      number of Shares to be awarded to a Grantee (“Awarded Shares”) shall      be determined by the Plan Committee (in its sole and absolute discretion)      at the time of the award. Such Awarded Shares shall vest in accordance      with the provisions of Section 7. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Non-transferability |
|----------------|---------------------|

| 5.1 | Any      Shares awarded under this Plan shall be non-transferable except in      accordance with the provisions of Section 7.1(a)(ii) hereof and/or      paragraph 1 of Schedule 1 hereto. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Adjustments |
|----------------|-------------|

| 6.1 | If      the outstanding Shares then subject to this Plan are changed into or      exchanged for a different number or kind of shares or securities, as a      result of one or more reorganisations, recapitalisations, stock splits,      reverse stock splits, stock dividends and the like, appropriate      adjustments shall be made in the number and/or type of the outstanding      Shares as shall be directed by the Plan Committee.  Any such      adjustment in outstanding Shares shall be made in order to preserve, but      not to increase or decrease, the benefits to the Grantees existing      immediately prior to the event giving rise to such    adjustment. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Vesting of      Shares |
|----------------|------------------------|

| 7.1 | Provided      that the Grantee is “in good standing” (the definition and determination      of which shall be at the sole and absolute discretion of the Plan      Committee) at the time of the award and remains in good standing at the      time of vesting, Shares awarded under this Plan shall vest in the Grantee      at the end of four (4) years after such effective date as may be specified      by the Plan Committee (or in accordance with such other vesting schedule      as may be determined by the Plan Committee in its sole and absolute      discretion) at the time the Shares are awarded, subject to the      following: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | In      the case of every Share awardedhereunder: |
|--------|-----|---------------------------------------------------|

|   | (i) | if,      before all the Awarded Shares are vested in accordance with their      applicable vesting schedule(s), a Grantee ceases to be a director of the      Company, by virtue of resignation or retirement, or for any reason other      than death, then all Awarded Shares which have not yet vested at the time      of such cessation shall not be forfeited, but shall vest in the Grantee in      accordance with their applicable vesting schedule(s); subject however to      the provisions of Section 7 (a)(iii) below;or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | if,      before all the Awarded Shares are vested in accordance with their      applicable vesting schedule(s), a Grantee shall die, then all Awarded      Shares which have not yet vested at the time of death shall immediately      vest, and the person or persons to whom the Grantee’s rights to the      Awarded Shares shall have lawfully passed, whether by will, by the      applicable laws of succession or otherwise, shall be entitled to receive      such Awarded Shares; or |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (iii) | if,      before all the Awarded Shares are vested in accordance with their      applicable vesting schedule(s), a Grantee shall become a director, officer      or employee of, or a consultant or advisor to, or an independent      contractor of, a Competitor (or any parent, subsidiary or affiliate      thereof); or he or she ceases to be of “good standing” (the definition and      determination of shall be at the sole and absolute discretion of the Plan      Committee); or he or she does anything, or conducts himself or herself in      a manner, which is prejudicial to any Global Sources Network company (as      determined by the Plan Committee in its sole and absolute discretion); or      for any other reason (as determined by the Plan Committee in its sole and      absolute discretion); then all the Awarded Shares which have not yet      vested at the time of such occurrence may (at the sole and absolute      discretion of the Plan Committee) be forfeited, whereupon the Grantee      shall not be entitled to the vesting or receipt thereof and any forfeited      Shares held by the Trustee for the Grantee shall be available for further      grants under the Master Plan, this Plan and/or any other equity      compensation plan made under or pursuant to the Master    Plan. |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | All      Awarded Shares, when vested and issued to a Grantee, shall rank pari passu in all      respects with other Shares of the Company of the same class, including the      right for the holder thereof to receive dividends (if any); provided      however that (for the avoidance of doubt), unless and until Awarded Shares      are actually vested and issued to a Grantee, the Grantee shall not be      entitled to receive any dividends thereon or to have any voting rights      therein. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Once      Shares are awarded to a Grantee, the terms of vesting cannot be varied to      the detriment of the Grantee without the written consent of such      Grantee. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | The      rights to Awarded Shares acquired by a Grantee under this Plan shall not      be transferable, except in accordance with the provisions of Section      7.1(a)(ii) hereof or paragraph 1 of Schedule 1  hereto. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | Plan      Duration |
|----------------|--------------------|

| 8.1 | This      Plan shall commence with effect from the Commencement Date (as defined in      Section 14.1) and shall terminateupon:- |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | the      expiration or termination of the Master Plan;or |
|--------|-----|----------------------------------------------------------|

|   | (b) | the      termination of this Plan in accordance with the provisions of Section 10.1      or Section 13.1 hereof, |
|--------|-----|------------------------------------------------------------------------------------------------------------------|

----

| 8.2 | Shares      may not be awarded after this Plan is terminated, provided that (for the      avoidance of doubt) if the terms of any award made prior to the      termination date of this Plan provide for the vesting of Shares thereunder      to occur upon or after such termination date, then such award and the      vesting of Shares thereunder shall not be prejudiced by the termination of      this Plan. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | Administration |
|----------------|----------------|

| 9.1 | This      Plan shall be managed and administered by the Trustee, subject always to      the directions of the Plan Committee as provided under the Trust      Document. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2 | The      interpretation and construction by the Plan Committee of any of the      provisions of this Plan or of any Grants awarded hereunder shall be final      and binding upon Grantees and their respective  successors. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.3 | The      Plan Committee may, from time to time, adopt further rules and regulations      for carrying out this Plan and, subject to the provisions of this Plan and      the directions and approval of the Plan Committee, the Trustee may issue a      certificate in the form set out in the Annex to this Plan or such other      form or forms of the instruments evidencing Shares awarded under this Plan      as may be prescribed and approved by the Plan  Committee. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.4 | Subject      to the provisions of this Plan, the Plan Committee shall have full and      final authority (in its sole and absolute  discretion):- |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | to      determine (from amongst Eligible Persons) the Grantees to be awarded      Shares; |
|--------|-----|-------------------------------------------------------------------------------------------|

|   | (b) | to      determine the number of Shares to beawarded; |
|--------|-----|------------------------------------------------------|

|   | (c) | to      determine the terms of award, including any vesting      provisions; |
|--------|-----|------------------------------------------------------------------------------|

|   | (d) | to      determine such other terms and provisions of award as it may authorise at      the time when each Share is awarded (each of which terms and provisions      may be different for each award);and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | (subject      to Section 7.1(c) above) to amend the terms of any existing award to      accelerate the time or times at which Shares awarded under this Plan, or      any part thereof, shall become vested, or in any other respect which shall      not adversely affect the rights of the Grantee of such award of      Shares. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.5 | The      Trustee, the Plan Committee, the board of directors of the Company and the      Company shall not be liable for any action taken, or any determination      made, in good faith, in connection with this  Plan. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.6 | The      Company or its board of directors may delegate any of its powers, rights,      duties and/or responsibilities under this Plan to the Plan Committee, who      may discharge the same with the authority and in the place and stead of      the Company or its board of directors (as the case may  be). |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 10.   | Terminating      Transactions |
|-----------------|-------------------------------|

| 10.1 | Upon      the occurrence of a Terminating Transaction, as hereinafter defined, this      Plan shall terminate.  Upon the happening of a Terminating      Transaction and the corresponding termination of this Plan, any Awarded      Shares which have not yet vested (at the time of the Terminating      Transaction and the corresponding termination of this Plan) shall ipso facto become      vested in the respective Grantees. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | “Terminating      Transaction” shall mean such transaction or proceedings, resulting      (whether at the time of, or upon the conclusion of, such transaction or      proceedings) in the liquidation of the Company, as the Plan Committee      shall in its sole and absolute discretion  determine. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11.1 | The      Trustee shall not issue any Awarded Shares upon the vesting thereof,      unless and until all licences, permissions and authorisations required to      be granted by the Government of Bermuda, or by any authority or agency      thereof, shall have been dulyreceived. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | Costs and      Expenses |
|-----|-------------------------|

| 12.1 | All      costs and expenses with respect to the adoption of this Plan and in      connection with the registration of Shares shall be borne by the Company;      provided, however, that (except as otherwise specifically provided in this      Plan or in any agreement between the Company and a Grantee), the Company      shall not be obliged to pay or be otherwise responsible for any costs or      expenses (including but not limited to any legal fees) incurred by any      Grantee, or any brokerage, service or other fees, charges, costs or      expenses due or payable, or any taxes which may be due or payable, upon or      in connection with any award of Shares or any Awarded Shares, and/or the      vesting or issuance of Awarded Shares, and/or the holding or transfer of      any Awarded Shares by any Grantee. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12.2 | All      Shares awarded to a Grantee shall be denominated in United States Dollars      only, and any currency exchange gains and/or losses relating to such      Awarded Shares during the vesting period shall be borne solely by the      Grantee concerned. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | Amendment or      Termination of the Plan |
|-----|-------------------------------------------|

| 13.1 | The      Plan Committee (acting in its sole and absolute discretion) may alter,      amend, suspend or terminate this Plan; provided however that, except as      otherwise provided in this Plan, no such action shall deprive any Grantee,      without his or her consent, of any of his or her rights under an award of      Shares already made to the Grantee pursuant to this  Plan. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13.2 | No      amendment of this Plan shall increase the duties and/or responsibilities      of the Trustee without its consent. |
|------|---------------------------------------------------------------------------------------------------------------------------|

| 14.   | Effective Date of the      Plan |
|-----------------|---------------------------------|

| 14.1 | This      Plan shall be deemed to commence with effect from 24 April 2009 (“Commencement      Date”). |
|------|-------------------------------------------------------------------------------------------------------------------|

----

| 15.1 | No      member of the board of directors of the Company or the Plan Committee, or      any person authorised to act on their behalf, shall be personally liable      for any action, determination or interpretation taken or made in good      faith with respect to this Plan, and all members of the board of directors      of the Company or the Plan Committee, and each and any person authorised      to act on their behalf, shall, to the extent permitted by law, be fully      indemnified and protected by the Company in respect of any such action,      determination or interpretation. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16. | Governing Law and      Jurisdiction |
|-----|-------------------------------------|

| 16.1 | This      Plan shall be governed by and interpreted and construed in accordance with      the laws of Bermuda; and the Company, the Trustee, the Plan Committee (and      its members) and each Grantee, hereby irrevocably submits to the exclusive      jurisdiction of the courts ofBermuda. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17.1 | This      Plan shall be subject and subordinate to the Master Plan, and in the event      of any conflict or inconsistency between the provisions of this Plan and      the provisions of the Master Plan, the provisions of the Master Plan shall      prevail (but only to the extent of such conflict or      inconsistency). |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Grantee: |   | Name:    | ______________________________ |
|----------|--------|----------|--------------------------------|
|     |   |     |                           |
|     |   | Address: | ______________________________ |
|     |   |     |                           |
|     |   |     | ______________________________ |
|     |   |     |                           |
|     |   |     | ______________________________ |

| Date      of Award:            |   | ______________________________       |
|--------------------------------|--------|--------------------------------------|
|                           |   |                                 |
| Number      of Awarded Shares: |   | ______________________________  |
|                           |   |                                 |
| Vesting      Date:             |   | ______________________________       |

| For      and on behalf of the Trustee |
|---------------------------------------|
|                                  |
|                                  |
|                                  |
|                                  |
|                                  |
|                                  |
| __________________________            |

----

| 1. | The      Grantee can direct the Trustee to transfer the Awarded Shares, upon the      vesting thereof, to the Grantee or to such person as the Grantee      directs. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | No      loans shall be made to a Grantee against the award of Shares under this      Plan. |
|----|--------------------------------------------------------------------------------------------|

| 3. | Awarded      Shares which have not yet vested under this Plan cannot be committed as      collateral. |
|----|-------------------------------------------------------------------------------------------------------|

| 4. | It      is the responsibility of the Grantee to ensure that he or she may      participate in this Plan under the laws of his or her      jurisdiction. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | All      disputes regarding this Plan shall be referred to the Plan Committee for      resolution, and its decision shall be final and  binding. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------|