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STATS ChipPAC LTD.
 SHARE OPTION PLAN
  
 
 
 
 
 
 
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TABLE OF CONTENTS
 Page No.SECTION 1.
    
    ESTABLISHMENT AND PURPOSE.
    
    
    1SECTION 2.
    
    ADMINISTRATION.
    
    
    1(a)
    
    Committees of the Board of Directors.
    
    
    1(b)
    
    Committee Composition under Section 16 and Section 162(m).
    
    
    1(c)
    
    Authority of the Board of Directors.
    
    
    2(d)
    
    Governing Law.
    
    
    2SECTION 3.
    
    ELIGIBILITY.
    
    
    2(a)
    
    General Rule.
    
    
    2(b)
    
    Ten Percent Shareholders.
    
    
    2(c)
    
    Section 162(m) Limitation.
    
    
    3SECTION 4.
    
    SHARES SUBJECT TO PLAN.
    
    
    3(a)
    
    Basic Limitation.
    
    
    3(b)
    
    Additional Shares.
    
    
    3SECTION 5.
    
    TERMS AND CONDITIONS OF OPTIONS.
    
    
    3(a)
    
    Share Option Agreement.
    
    
    3(b)
    
    Number of Shares.
    
    
    4(c)
    
    Exercise Price.
    
    
    4(d)
    
    Expenses and Withholding Taxes.
    
    
    4(e)
    
    Exercisability.
    
    
    4(f)
    
    Change of Control.
    
    
    4(g)
    
    Basic Term.
    
    
    5(h)
    
    Nontransferability.
    
    
    5(i)
    
    Termination of Service (Except by Death).
    
    
    6(j)
    
    Leave of Absence.
    
    
    6(k)
    
    Death of Optionee.
    
    
    6(1)
    
    No Rights as a Shareholder.
    
    
    6
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Page No.(m)
    
    Modification, Extension and Assumption of Options.
    
    
    6(n)
    
    Vesting.
    
    
    6SECTION 6.
    
    PAYMENT FOR SHARES.
    
    
    7(a)
    
    General Rule.
    
    
    7(b)
    
    Surrender of Shares.
    
    
    7(c)
    
    Exercise/Sale.
    
    
    7(d)
    
    Exercise/Pledge.
    
    
    7SECTION 7.
    
    ADJUSTMENT OF SHARES.
    
    
    7(a)
    
    General.
    
    
    7(b)
    
    Reservation of Rights.
    
    
    7SECTION 8.
    
    SECURITIES LAW REQUIREMENTS.
    
    
    8SECTION 9.
    
    NO RETENTION RIGHTS.
    
    
    8SECTION 10.
    
    DURATION AND AMENDMENTS.
    
    
    8(a)
    
    Term of the Plan.
    
    
    8(b)
    
    Right to Amend or Terminate the Plan.
    
    
    8(c)
    
    Effect of Amendment or Termination.
    
    
    8SECTION 11.
    
    CONTRACTS (RIGHTS OF
THIRD PARTIES) ACT.
    
    
    8SECTION 12.
    
    DEFINITIONS.
    
    
    9SECTION 13.
    
    EXECUTION.
    
    
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STATS ChipPAC LTD.
 SHARE OPTION PLAN
      th
   th
 
 SECTION 1. ESTABLISHMENT AND PURPOSE.
   
 SECTION 2. ADMINISTRATION.
 
 (a) Committees of the Board of Directors.
  
 (b) Committee Composition under Section 16 and Section 162(m)
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(c) Authority of the Board of Directors.
   
 (d) Governing Law.
  
 SECTION 3. ELIGIBILITY.
 
 (a) General Rule.
    
 (b) Ten Percent Shareholders.
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(c) Section162(m)Limitation.
  
 SECTION 4. SHARES SUBJECT TO PLAN.
 
 (a) Basic Limitation.
  
 (b) Additional Shares.
     
 SECTION 5. TERMS AND CONDITIONS OF OPTIONS.
 
 (a) Share Option Agreement.
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(b) Number of Shares.
  
 (c) Exercise Price.
  
 (d) Expenses and Withholding Taxes.
  
 (e) Exercisability.
  
 (f) Change of Control.
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(g) Basic Term.
  
 (h) Nontransferability.
  
 (i) Termination of Service (Except by Death).
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(j) Leave of Absence.
  
 (k) Death of Optionee.
     
 (l) No Rights as a Shareholder.
  
 (m) Modification, Extension and Assumption of Options.
  
 (n) Vesting.
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SECTION 6. PAYMENT FOR SHARES
 
 (a) General Rule.
  
 (b) Surrender of Shares.
  
 (c) Exercise/Sale.
  
 (d) Exercise/Pledge.
  
 SECTION 7. ADJUSTMENT OF SHARES.
 
 (a) General.
  
 (b) Reservation of Rights.
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SECTION 8. SECURITIES LAW REQUIREMENTS.
  
 SECTION 9. NO RETENTION RIGHTS.
  
 SECTION 10. DURATION AND AMENDMENTS.
 
 (a) Term of the Plan.
  
 (b) Right to Amend or Terminate the Plan.
  
 (c) Effect of Amendment or Termination.
  
 SECTION 11. CONTRACTS (RIGHTS OF THIRD PARTIES) ACT.
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SECTION 12. DEFINITIONS.
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SECTION 13. EXECUTION.
  STATS ChipPAC LTD.By:
    /s/ Tan Lay KoonTitle:
    President & CEO 12