Document:

2007 Director Stock Incentive Plan

 Exhibit 10.1 
 MARVELL TECHNOLOGY GROUP, LTD. 
 2007 DIRECTOR STOCK INCENTIVE PLAN

 AS AMENDED AND RESTATED AUGUST 25, 2010 
 1. Purposes of the Plan. The purposes of this 2007 Director Stock Incentive Plan are to attract and retain the best available personnel for service as Outside Directors (as defined
herein) of the Company, to provide additional incentive to the Outside Directors of the Company to serve as Directors, and to encourage their continued service on the Board. 
 2. Definitions. As used herein, the following definitions will apply: 
 (a)
“Administrator” means the Board or any of its Committees as will administer the Plan in accordance with Section 4 hereof. 
 (b) “Annual General Meeting” means the Company’s annual meeting of shareholders. 
 (c) “Applicable Laws” means the requirements relating to the administration of equity-based awards under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any
stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the Plan. 

(d) “Award” individually or collectively, a grant under the Plan of Options, Performance Shares, Performance Units,
Stock Appreciation Rights, Restricted Stock, or Restricted Stock Units. 
 (e) “Award Agreement” means the
written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan. 

(f) “Board” means the Board of Directors of the Company. 

(g) “Change in Control” means the occurrence of any of the following events: 

(i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial
owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting
securities; or 
 (ii) The consummation of the sale or disposition by the Company of all or substantially all of the
Company’s assets; or 
 (iii) The consummation of a merger or consolidation of the Company with any other corporation,
other than a merger or consolidation which would result in the voting 

 
securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or
its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation. 

(iv) A change in the composition of the Board occurring within a two (2) year period, as a result of which less than a majority of
the Directors are Incumbent Directors. 
 (h) “Code” means the Internal Revenue Code of 1986, as amended. Any
reference to a section of the Code herein will be a reference to any successor or amended section of the Code. 
 (i)
“Committee” means a committee of Directors or of other individuals satisfying Applicable Laws appointed by the Board in accordance with Section 4 hereof. 
 (j) “Common Stock” means the common shares of the Company. 
 (k)
“Company” means Marvell Technology Group Ltd., a Bermuda company. 
 (l) “Consultant” means
any natural person, including an advisor, engaged by the Company or a Parent or Subsidiary of the Company to render services to such entity. 
 (m) “Director” means a member of the Board. 
 (n)
“Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code. 
 (o)
“Employee” means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor the payment of a Director’s fee by the Company will be
sufficient in and of itself to constitute “employment” by the Company. 
 (p) “Exchange Act” means
the Securities Exchange Act of 1934, as amended. 
 (q) “Exchange Program” means a program under which
(i) outstanding Awards are surrendered or cancelled in exchange for Awards of the same type (which may have lower exercise prices and different terms), Awards of a different type, and/or cash, (ii) Participants would have the opportunity
to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced. The Administrator will determine the terms and conditions
of any Exchange Program in its sole discretion, however if an Award is exchanged for an Award with a lower exercise price or the exercise price of an outstanding Award is reduced, shareholder approval must be obtained in advance. 

(r) “Fair Market Value” means, as of any date, the value of a share of Common Stock determined as follows: 

  
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 (i) If the Common Stock is listed on any established stock exchange or a national market
system, including without limitation the Nasdaq Global Market, the Nasdaq Global Select Market or the Nasdaq Capital Market, its Fair Market Value shall be the closing sales price for such stock (or, if no closing sales price was reported on that
date, as applicable, on the last trading date such closing sales price was reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems
reliable; 
 (ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not
reported, its Fair Market Value shall be the mean between the high bid and low asked prices for the Common Stock on the day of determination (or, if no bids and asks were reported on that date, as applicable, on the last trading date such bids and
asks were reported); or 
 (iii) In the absence of an established market for the Common Stock, the Fair Market Value thereof
shall be determined in good faith by the Administrator. 
 (s) “Incumbent Director” means a Director who either
(A) is a Director as of the effective date of the Plan, or (B) is elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Directors at the time of such election or nomination (but will not
include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of Directors to the Company). 
 (t) “Inside Director” means a Director who is an Employee. 
 (u)
“Nonstatutory Stock Option” means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock Option. 
 (v) “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. 

(w) “Option” means a stock option granted pursuant to the Plan. All Options granted under the Plan will be Nonstatutory
Stock Options. 
 (x) “Outside Director” means a Director who has not been an Employee. 

(y) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in
Section 424(e) of the Code. 
 (z) “Participant” means the holder of an outstanding Award. 

(aa) “Performance Share” means an Award denominated in Shares which may be earned in whole or in part upon attainment of
performance goals or other vesting criteria as the Administrator may determine pursuant to Section 13. 

  
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 (bb) “Performance Unit” means an Award which may be earned in whole or in
part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 13. 

(cc) “Plan” means this 2007 Director Stock Incentive Plan. 

(dd) “Restricted Stock” means Shares issued pursuant to a Restricted Stock Award under the Plan. 

(ee) “Restricted Stock Unit” or “RSU” means a bookkeeping entry representing an amount equal to the
Fair Market Value of one Share, granted pursuant to the Plan. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. 
 (ff) “Service Provider” means an Employee, Director or Consultant. 
 (gg) “Share” means a share of the Common Stock, as adjusted in accordance with Section 18 hereof. 
 (hh) “Stock Appreciation Right” means an Award granted under the Plan, granted alone or in connection with an Option, that is designated as a Stock Appreciation Right. 

(ii) “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in
Section 424(f) of the Code. 
 3. Stock Subject to the Plan. 

(a) Plan Pool. The maximum aggregate number of Shares which may be granted pursuant to Awards under the Plan is seven hundred-fifty
thousand (750,000) Shares. The Shares may be authorized, but unissued, or reacquired Common Stock. 
 (b) Lapsed
Awards. If an Award expires or becomes unexercisable without having been exercised in full, is surrendered pursuant to an Exchange Program, or, with respect to Performance Shares, Performance Units, Restricted Stock or Restricted Stock Units, is
forfeited to or repurchased by the Company due to failure to vest, the unpurchased Shares (or for Awards other than Options or Stock Appreciation Rights the forfeited or repurchased Shares) which were subject thereto will become available for future
grant or sale under the Plan (unless the Plan has terminated). Shares that have actually been issued under the Plan under any Award will not be returned to the Plan and will not become available for future distribution under the Plan; provided,
however, that if Shares issued pursuant to Awards are repurchased by the Company or are forfeited to the Company due to their failure to vest, such Shares will become available for future grant under the Plan. Shares used to pay the exercise price
of an Award or to satisfy the minimum statutory withholding obligations related to an Award will not become available for future grant or sale under the Plan. To the extent an Award under the Plan is paid out in cash rather than Shares, such cash
payment will not result in reducing the number of Shares available for issuance under the Plan. 

  
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 4. Administration. The Plan will be administered by (A) the Board or (B) a
Committee, which will be constituted to satisfy Applicable Laws. Subject to the provisions of the Plan, and in the case of a Committee, subject to the specific duties delegated by the Board to such Committee, the Administrator will have the
authority, in its discretion: (i) to determine the Fair Market Value; (ii) to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; (iii) to prescribe, amend and rescind rules and regulations relating
to the Plan, including the ability to accelerate the vesting of awards granted to Outside Directors who will not stand for reelection; (iv) to make such other determinations and take such other actions as permitted under the Plan; (v) to
determine the terms and conditions of any, and, with the approval of the shareholders if necessary, to institute any Exchange Program and (vi) to make all other determinations deemed necessary or advisable for administering the Plan. The
Administrator’s decisions, determinations and interpretations will be final and binding on all Participants and any other holders of Awards. 
 5. Grants of Awards under the Plan. 
 (a) Procedure for
Grants. All grants of Awards to Outside Directors under this Plan shall be made strictly in accordance with the following provisions: 
 (b) Type of Option. If Options are granted pursuant to the Plan they will be Nonstatutory Stock Options and, except as otherwise provided herein, will be subject to the other terms and conditions
of the Plan. 
 (c) Eligibility for Awards. An Outside Director is eligible for Awards under the Plan (is an
“Eligible Outside Director”) if such person: 
 (i) is first elected as an Outside Director on or following the date
this Plan is adopted by the Board; or 
 (ii) is designated by the Board of Directors as an Eligible Outsider Director.

 (d) Initial Option Award. Each person who first becomes an Outside Director on or following the date this Plan is
adopted by the Board will automatically be granted an Option to purchase fifty thousand (50,000) Shares (the “Initial Option Award”) upon the later of (x) the date such person first becomes an Outside Director, whether through
election by the shareholders of the Company or appointment by the Board to fill a vacancy and (y) the date that the Plan is approved by the shareholders of the Company; provided, however, that an Inside Director who ceases to be an Inside
Director, but who remains a Director, will not receive an Initial Option Award. 

  
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 (e) Annual Option Award. Each Eligible Outside Director will be automatically granted
an Option to purchase nine thousand (9,000) Shares (the “Annual Option Award”) immediately following each Annual General Meeting of the Company beginning in 2011, if as of such date, such Eligible Outside Director has served on the
Board for at least the preceding six (6) months. 
 (f) Annual RSU Award. Each Eligible Outside Director will be
automatically granted such number of Shares subject to Restricted Stock Units as set forth in this Section 5(f) (the “Annual RSU Award”) immediately following each Annual General Meeting of the Company beginning in 2011, if as of such
date, such Eligible Outside Director has served on the Board for at least the preceding six (6) months. The Annual RSU Award will cover a number of Shares with an aggregate Fair Market Value equal to $70,000 on the grant date; provided that
such number of Shares subject to the Annual RSU Award will be rounded down to the nearest whole number of Shares. 
 (g)
Terms. The terms of each Award granted pursuant to the Plan will be as follows: 
 (i) If the Award is an Option, the
term of the Award will be ten (10) years; provided, however, that the Option may expire earlier pursuant to Section 8 hereof. 
 (ii) To the extent not in conflict with the terms of this Section, the other terms and conditions of the Plan will apply to Awards granted pursuant to this Section. 

(h) Acceleration of Awards. If a Participant’s status as a Service Provider terminates as result of the Participant’s
death or Disability, each outstanding Award granted to the Participant under the Plan shall be immediately vested in full as of the date of such termination. 
 (i) Form and Timing of Payment. Payment of earned Performance Units or Restricted Stock Units granted under the Plan will be made as soon as practicable after the applicable vesting date. On the
date set forth in the Award Agreement, all unvested Performance Units or Restricted Stock Units will be forfeited to the Company. 
 (j) Amendment. The Administrator in its discretion may change and otherwise revise the terms of Awards granted under this Plan for Awards granted on or after the date the Administrator determines
to make any such change or revision, including, without limitation, the allocation between types of equity Awards, the number of Shares subject to such Awards, the vesting schedule and the exercise or purchase price thereof. The Administrator will
determine from time to time whether other service by Directors on committees of the Board not covered by the Plan warrants grants of Awards for such service, and will have the power and authority to modify the Plan from time to time to establish
non-discretionary, automatic award grants to be made to such committee members on such terms and at such times as the Administrator will determine. 

  
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 6. Consideration. The consideration to be paid for the Shares to be issued upon
exercise of an Award or the purchase of Shares thereunder shall consist entirely of: (i) cash; (ii) check; (iii) other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise
or purchase price of the Shares as to which such Awards shall be exercised and provided that accepting such Shares, in the sole discretion of the Administrator, shall not result in any adverse accounting consequences to the Company;
(iv) consideration received by the Company under a broker-assisted (or other) cashless exercise program implemented by the Company in connection with the Plan; (v) such other consideration and method of payment for the issuance of Shares
to the extent permitted by Applicable Laws; or (vi) any combination of the foregoing methods of payment. 
 7. Exercise
of Options or Stock Appreciation Rights. Any Option or Stock Appreciation Right granted hereunder will be exercisable as set forth in Section 5 hereof; provided, however, that no Option or Stock Appreciation Right shall be exercisable until
shareholder approval of the Plan in accordance with Section 25 hereof has been obtained. An Option or Stock Appreciation Right may not be exercised for a fraction of a Share. 

An Option or Stock Appreciation Right will be deemed exercised when the Company receives: (i) notice of exercise (in such form as
the Administrator specify from time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option or Stock Appreciation Right is exercised (together with applicable tax
withholdings). Full payment may consist of any consideration and method of payment authorized under the Plan and Applicable Law. Shares issued upon exercise of an Option or Stock Appreciation Right will be issued in the name of the Participant or,
if requested by the Participant, in the name of the Participant and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to
vote or receive dividends or any other rights as a shareholder will exist with respect to the Shares subject to an Option or Stock Appreciation Right, notwithstanding the exercise of the Option or Stock Appreciation Right, as applicable. The Company
will issue (or cause to be issued) such Shares promptly after the Option or Stock Appreciation Right, as applicable is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are
issued. 
 Exercising an Option or Stock Appreciation Right in any manner will decrease the number of Shares thereafter
available, both for purposes of the Plan and for sale under the Option or Stock Appreciation Right, as applicable, by the number of Shares as to which the Option or Stock Appreciation Right is exercised. 

8. Termination of Status as a Service Provider. 
 (a) Termination of Relationship as a Service Provider. If a Participant ceases to be a Service Provider, other than termination as a result of the Participant’s death or Disability, the
Participant may exercise his or her Option or Stock Appreciation Right, as applicable, within ninety (90) days following such termination to the extent that the Option or Stock Appreciation Right, as applicable, is vested on the date of
termination (but in no event later than the expiration of the term of such Award, as set forth in the Award Agreement). If on the date of termination 

  
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the Participant is not vested as to his or her entire Option or Stock Appreciation Right, as applicable, the Shares covered by the unvested portion of the Award will revert to the Plan. If after
termination the Participant does not exercise his or her Option or Stock Appreciation Right, as applicable, within the above-specified time period, the Award will terminate, and the Shares covered by such Award will revert to the Plan. 

(b) Death or Disability of Participant. If a Participant ceases to be a Service Provider as a result of the Participant’s
death or Disability, the Option or Stock Appreciation Right, as applicable, may be exercised following the Participant’s termination within six (6) months following the date of such termination to the extent that the Option or Stock
Appreciation Right, as applicable, is vested on the date of termination (but in no event later than the expiration of the term of such Award as set forth in the Award Agreement), by the Participant or, in the case of the Participant’s death,
the Participant’s designated beneficiary, provided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator. If no such beneficiary has been designated by the Participant, then such Award
may be exercised by the personal representative of the Participant’s estate or by the person(s) to whom the Award is transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution. If the Option
or Stock Appreciation Right, as applicable, is not so exercised within the above-specified time period, the Option will terminate, and the Shares covered by such Award will revert to the Plan. 

9. Options. 
 (a) Grant of Options. Subject to the terms and provisions of the Plan and pursuant to Section 5(j), the Administrator, may change or add automatic Awards granted pursuant to Section 5 to
include different or additional Awards of Options in such amounts as the Administrator, in its sole discretion, will determine. 

(b) Terms. The terms of each Option granted pursuant to the Plan will be as follows: 

(i) The term of an Option will be ten (10) years; provided, however, that the Option may expire earlier pursuant to Section 8
hereof. 
 (ii) The per share exercise price for Shares subject to Options will be one hundred percent (100%) of the Fair
Market Value on the grant date. 
 (iii) Subject to Section 5(h) and Section 18, each Initial
Option Award will vest and become exercisable as to one-third (1/3rd) of the Shares subject to the Option on the one-year anniversary of the date of grant (or on the last day of the month, if there is no corresponding date); as to an additional one-third (1/3rd) of the Shares subject to the Option on the second annual
anniversary of the date of grant thereafter (or on the last day of the month, if there is no corresponding date); and as to an final one-third (1/3rd) of the Shares subject to the Option on the third annual anniversary of the date of grant thereafter (or on the
last day of the month, if there is no corresponding date); provided that the Outside Director continues to serve as a Service Provider through each applicable vesting date. 

  
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 (iv) Subject to Section 5(h) and Section 18, each Annual Option Award will vest
and become exercisable as to one hundred percent (100%) of the Shares subject to the Option on the earlier of the next Annual General Meeting or the one year anniversary of the Option grant date (or on the last day of the month, if there is no
corresponding date), provided that the Outside Director continues to serve as a Service Provider through such date. 
 (c)
Option Agreement. Each Option will be evidenced by an Award Agreement that will specify the vesting criteria, the number of Shares covered by the Award, the applicable vesting schedule, and such other terms and conditions as the
Administrator, in its sole discretion, will determine. 
 (d) Expiration of Options. An Option granted under the Plan
will expire upon the date determined by the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of Section 8 also will apply to Options. 

10. Restricted Stock. 
 (a) Grant of Restricted Stock. Subject to the terms and provisions of the Plan and pursuant to Section 5(j), the Administrator, may change or add automatic Awards granted pursuant to
Section 5 to include Awards of Restricted Stock in such amounts as the Administrator, in its sole discretion, will determine. 
 (b) Restricted Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the vesting criteria, number of Shares granted, and such other terms and
conditions as the Administrator, in its sole discretion, will determine; provided, however, that an Award of Restricted Stock shall not be fully vested before a period of restriction (“Period of Restriction”) of a minimum of three
(3) years. Vesting shall be no more favorable than pro rata and occur as to no more than 1/3rd of the number of Shares on each one-year anniversary of the grant date. Unless the Administrator determines otherwise, the Company as escrow agent
will hold Shares of Restricted Stock until the restrictions on such Shares have lapsed. 
 (c) Other Restrictions. The
Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may deem advisable or appropriate. 
 (d) Removal of Restrictions. Except as otherwise provided in this Section 8, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow
as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may determine. 
 (e) Voting Rights. During the Period of Restriction, Participants holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the
Administrator determines otherwise. 
 (f) Dividends and Other Distributions. During the Period of Restriction,
Participants holding Shares of Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If

  
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any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to
which they were paid. 
 (g) Return of Restricted Stock to Company. On the date set forth in the Award Agreement, the
Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan. 
 11. Restricted Stock Units. 
 (a) Grant. Subject to the terms and
provisions of the Plan and pursuant to Section 5(j), the Administrator, may change or add automatic Awards granted pursuant to Section 5 to include different or additional Awards of Restricted Stock Units in such amounts as the
Administrator, in its sole discretion, will determine. 
 (b) Restricted Stock Unit Agreement. Each Award of Restricted
Stock Units will be evidenced by an Award Agreement that will specify the vesting criteria, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine. 

(c) Vesting Criteria and Other Terms. 

(i) The Administrator will set vesting criteria in its discretion, which, depending on the extent to which the
criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The Administrator may set vesting criteria based upon the achievement of Company-wide, business unit, or individual goals (including, but
not limited to, continued employment or status as a Service Provider), or any other basis determined by the Administrator in its discretion. An Award of Restricted Stock Units shall not be fully vested until a minimum period of three (3) years
from the date of grant. Vesting shall be no more favorable than pro rata and occur as to no more than one-third
(1/3rd) of the number of Shares on each one-year
anniversary of the grant date. 
 (ii) The vesting commencement date of each Annual RSU Award shall be the
last day of the calendar month immediately following the grant date. Subject to the restrictions set forth in Section 11(c)(i), the Annual RSU Award vests as to one-third (1/3rd) of the Shares subject to the Annual RSU Award on the one-year anniversary of the vesting commencement date (or
on the last day of the month, if there is no corresponding date); as to an additional one-third (1/3rd) of the Shares subject to the Annual RSU Award on the second annual anniversary of the vesting commencement date thereafter (or on the last day of the month, if there is no corresponding date); and
as to an final one-third (1/3rd) of the Shares
subject to the Annual RSU Award on the third annual anniversary of the date of grant thereafter (or on the last day of the month, if there is no corresponding date); provided that the Outside Director continues to serve as a Service Provider through
each applicable vesting date. 
 (d) Form and Timing of Payment. Upon meeting the applicable vesting criteria, the
Participant will be entitled to receive a payout as determined by the Administrator. 

  
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Payment of earned Restricted Stock Units will be made as soon as practicable after the date(s) determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole
discretion, may only settle earned Restricted Stock Units in cash, Shares, or a combination of both. 
 (e) Cancellation.
On the date set forth in the Award Agreement, all unearned Restricted Stock Units will be forfeited to the Company. 
 12.
Stock Appreciation Rights. 
 (a) Grant of Stock Appreciation Rights. Subject to the terms and provisions of the Plan
and pursuant to Section 5(j), the Administrator, may change or add automatic Awards granted pursuant to Section 5 to include Awards of Stock Appreciation Rights. 
 (b) Stock Appreciation Right Agreement. Each Stock Appreciation Right grant will be evidenced by an Award Agreement that will specify the exercise price, the term of the Stock Appreciation Right,
the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine. 

(c) Exercise Price. The per share exercise price for the Shares to be issued pursuant to exercise of a Stock Appreciation Right
will be one hundred percent (100%) of the Fair Market Value on the date of grant. 
 (d) Expiration of Stock
Appreciation Rights. A Stock Appreciation Right granted under the Plan will expire upon the date determined by the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of
Section 8 also will apply to Stock Appreciation Rights. 
 (e) Payment of Stock Appreciation Right Amount. Upon
exercise of a Stock Appreciation Right, a Participant will be entitled to receive payment from the Company in an amount determined by multiplying: 
 (i) The difference between the Fair Market Value of a Share on the date of exercise over the exercise price; times 
 (ii) The number of Shares with respect to which the Stock Appreciation Right is exercised. 
 At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent value, or in some combination thereof. 

13. Performance Units and Performance Shares. 
 (a) Grant of Performance Units/Shares. Performance Units and Performance Shares may be granted to Service Providers at any time and from time to time, as will be determined by the Administrator, in
its sole discretion. The Administrator will have complete 

  
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discretion in determining the number of Performance Units and Performance Shares granted to each Participant. 
 (b) Value of Performance Units/Shares. Each Performance Unit will have an initial value that is established by the Administrator on or before the date of grant. Each Performance Share will have an
initial value equal to the Fair Market Value of a Share on the date of grant. 
 (c) Performance Objectives and Other
Terms. The Administrator will set performance objectives or other vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion which, depending on the extent to which they are met, will determine
the number or value of Performance Units/Shares that will be paid out to the Service Providers. The time period during which the performance objectives or other vesting provisions must be met will be called the “Performance Period.” The
duration of a Performance Period shall be no less than three (3) years. Vesting shall be no more favorable than pro rata and occur as to no more than 1/3rd of the number of the Shares on each one-year anniversary of the grant date. Each Award
of Performance Units/Shares will be evidenced by an Award Agreement that will specify the Performance Period, and such other terms and conditions as the Administrator, in its sole discretion, will determine. The Administrator may set performance
objectives based upon the achievement of Company-wide, divisional, or individual goals, applicable federal or state securities laws, or any other basis determined by the Administrator in its discretion. 

(d) Earning of Performance Units/Shares. After the applicable Performance Period has ended, the holder of Performance Units/Shares
will be entitled to receive a payout of the number of Performance Units/Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance objectives or other vesting
provisions have been achieved. After the grant of a Performance Unit/Share, the Administrator, in its sole discretion, may reduce or waive any performance objectives or other vesting provisions for such Performance Unit/Share. 

(e) Form and Timing of Payment of Performance Units/Shares. Payment of earned Performance Units/Shares will be made as soon as
practicable after the expiration of the applicable Performance Period. The Administrator, in its sole discretion, may pay earned Performance Units/Shares in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value of
the earned Performance Units/Shares at the close of the applicable Performance Period) or in a combination thereof. 
 (f)
Cancellation of Performance Units/Shares. On the date set forth in the Award Agreement, all unearned or unvested Performance Units/Shares will be forfeited to the Company, and again will be available for grant under the Plan. 

14. Nontransferability of Awards. An Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any
manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. 

  
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 15. Awards Generally. 

(a) Limitations. Awards may be granted only to Outside Directors. 

(b) Shares. In the event that any Award granted under the Plan would cause the number of Shares subject to outstanding Awards plus
the number of Shares previously issued pursuant to an Award to exceed the number of shares available for issuance under the Plan pursuant to Section 3, then the remaining Shares available for award grant will be allocated on a pro rata basis.
No further grants will be made until such time, if any, as additional Shares become available for grant under the Plan through action of the Board or the shareholders to increase the number of Shares which may be issued under the Plan or through the
forfeiture of Shares issued pursuant to Awards previously granted hereunder as provided in Section 3 hereof. 
 16. No
Guarantee of Continued Service. The Plan shall not confer upon any Participant any rights with respect to continuation of service as a Director or other Service Provider or nomination to serve as a Director, nor shall it interfere in any way
with any rights which the Director or the Company may have to terminate the Director’s relationship with the Company at any time. 
 17. Term of Plan. The Plan will become effective upon the earlier to occur of its adoption by the Board or its approval by the shareholders of the Company as described in Section 25
of the Plan. It will continue in effect for a term of ten (10) years unless sooner terminated under Section 20 hereof. 
 18. Dissolution, Merger or Asset Sale. 
 (a) Dissolution or
Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. The Administrator may determine
that each outstanding Option shall be exercisable as to all or any part of the Option, including Shares as to which the Option would not otherwise be exercisable, for such period as determined by the Administrator and ending immediately prior to the
consummation of such proposed action. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action. 

(b) Change in Control. In the event of a merger or Change in Control, each outstanding Award will be treated as the Administrator
determines, including, without limitation, that each Award be assumed or an equivalent option or right substituted by the successor corporation or a Parent or Subsidiary of the successor corporation; provided, however, that in all cases, upon a
Change in Control the Participant will fully vest in and have the right to exercise all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to which such Awards would not otherwise be vested or exercisable, all
restrictions on Restricted Stock and Restricted Stock Units will lapse (so as to become one hundred percent (100%) vested), and, with respect to Awards with performance-based vesting, all performance goals or other vesting criteria will be
deemed achieved at one hundred percent (100%) of target levels and all other 

  
 13 

 
terms and conditions met. The Administrator will not be required to treat all Awards similarly in the transaction. 
 For the purposes of this subsection (c), an Award will be considered assumed if, following the Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award
immediately prior to the Change in Control, the consideration (whether stock, cash, or other securities or property) received in the Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if
holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the Change in Control is not solely common stock of
the successor corporation or its Parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a
Performance Share, Performance Unit, or Restricted Stock Unit, for each Share subject to such Award (or in the case of an Award settled in cash, the number of implied shares determined by dividing the value of the Award by the per share
consideration received by holders of Common Stock in the Change in Control), to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the
Change in Control. 
 With respect to Awards that are assumed or substituted for, if on the date of or following such assumption
or substitution the Participant’s status as a Director or a director of the successor corporation, as applicable, is terminated other than upon a voluntary resignation by the Participant (unless such resignation is at the request of the
acquirer), then the Participant will fully vest in and have the right to exercise Options as to all of the Shares underlying such Award, including those Shares which would not otherwise be vested or exercisable. 

19. Time of Granting Awards. The date of grant of an Award will, for all purposes, be the date determined in
accordance with Sections 5 hereof. Notice of the determination shall be given to each Participant to whom an Award is so granted within a reasonable time after the date of such grant. 

20. Amendment and Termination of the Plan. 

(a) Amendment and Termination. The Administrator may at any time amend, alter, suspend or terminate the Plan. 

(b) Shareholder Approval. The Company will obtain shareholder approval of any Plan amendment to the extent necessary and desirable
to comply with Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration, suspension or
termination of the Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of the
Plan will not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. 

  
 14 

 21. Conditions on Issuance of Shares. 

(a) Legal Compliance. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the
issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company with respect to such compliance. 
 (b) Investment Representations. As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent and warrant at the time of any such exercise that
the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required. 

22. Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction,
which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such
requisite authority will not have been obtained. The Company has no obligation to register any Shares issued pursuant to this Plan under the securities laws of any jurisdiction. 

23. Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such
number of Shares as will be sufficient to satisfy the requirements of the Plan. 
 24. Award Agreement. Awards will be
evidenced by written agreements in such form as the Administrator will approve. 
 25. Shareholder Approval. The Plan
will be subject to approval by the shareholders of the Company within twelve (12) months after the date the Plan is adopted by the Board. Such shareholder approval will be obtained in the manner and to the degree required under Applicable Laws.

  
 15Convertible Note issued to SeaBright China Special Opportunities Fund II, L.P.

 Exhibit 4.4 
 CONVERTIBLE NOTE 
 THE NOTE REPRESENTED BY THIS INSTRUMENT AND ANY ORDINARY SHARES ISSUABLE UPON
THE CONVERSION OF THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE OFFERED, SOLD, ASSIGNED,
TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH
ACT AND SUCH LAWS. 
 ISOFTSTONE HOLDINGS LIMITED 
 CONVERTIBLE NOTE 
 No. 002 

 

			
	US$7,500,000	  	December 23, 2009

 FOR VALUE RECEIVED, the
undersigned, iSoftStone Holdings Limited, a limited liability company organized and existing under the laws of Cayman Islands (the “Company”), hereby promises to pay, subject to the terms and conditions of this Convertible Note
(this “Note”, and together with any other outstanding Convertible Notes of the Company, the “Notes”) to the order of SEABRIGHT CHINA SPECIAL OPPORTUNITIES FUND II, L.P (together with any permitted transferee, the
“Holder”, and together with all other holders of the Notes, the “Holders”), the principal amount of 7,500,000 United States Dollars (US$7,500,000) (the “Principal Amount”), with interest payable
thereon as provided herein. 
 This Note is issued pursuant to, and in accordance with, the Convertible Note Purchase Agreement, dated
December 18, 2009, by and among the Company and the parties named therein (as amended, supplemented or modified from time to time, the “Convertible Note Purchase Agreement”). The Holder is entitled to the benefits of this Note
and the Convertible Note Purchase Agreement and, subject to the terms and conditions set forth herein and therein, may enforce the agreements contained herein and therein and exercise the remedies provided for hereby and thereby or otherwise
available in respect hereto and thereto. 
 SECTION 1 

DEFINITIONS 
  

	1.1	Definitions. Unless otherwise defined below, capitalized terms used in this Note shall have the same meaning ascribed to them in the Convertible Note Purchase
Agreement: 

 “Beijing WFOE” means iSoftStone Information Technology (Group) Limited

, a limited liability company established under the law of the PRC. 

 “Business Day” means any day that is not a Saturday, Sunday, legal holiday
or other day on which banks are required to be closed in the PRC or Hong Kong. 
 “Company Equity Securities”
means the Equity Securities of the Company. 
 “Company Sale” means a bona fide transaction or a series of
related bona fide transactions through (a) (i) the merger, amalgamation or consolidation of the Company or Beijing WFOE into or with one or more Persons, (ii) the merger, amalgamation or consolidation of one or more Persons into or
with the Company or Beijing WFOE, or (iii) a tender offer, take-over bid, arrangement or other business combination if, in the case of (i), (ii) or (iii), the holders of Company Equity Securities prior to such merger, amalgamation,
consolidation, tender offer, take-over bid, arrangement or other business combination do not, directly or indirectly, retain at least a majority of the voting power of the surviving Person, or (b) the voluntary issuance, sale, conveyance,
exchange or transfer to another Person or Persons of (i) Company Equity Securities or the Equity Securities of Beijing WFOE if, after such sale, conveyance, exchange or transfer, the holders of Company Equity Securities or Equity Securities of
Beijing WFOE prior to such sale, conveyance, exchange or transfer do not, directly or indirectly, retain at least a majority of the voting power of the Company or Beijing WFOE, as the case may be, or (ii) all or substantially all of the assets
of the Company. 
 “Company Sale Price” means the cash price per Ordinary Share (or the Fair Market Value of the
consideration per Ordinary Share if the consideration is not in cash) in U.S. dollars received by holders of Company Equity Securities (on an as-converted basis) in connection with a Company Sale. For purposes of this definition, the “Fair
Market Value” of the non-cash consideration means the fair market value of the non-cash consideration as determined in good faith by the board of Directors; provided that, if the Majority Note Holders object in writing to any such
determination within 30 days after receiving notice thereof from the Company, such Fair Market Value shall be determined by an independent appraiser chosen by the board of Directors and acceptable to the Majority Note Holders (it being
understood that the costs and expenses associated with such evaluation shall be borne equally by the Company on the one hand and all of the Note Holders on the other hand) and provided further that the Fair Market Value of any
securities listed on a securities exchange shall be the average closing price of such securities on such exchange for the five trading days ending on the third day prior to the distribution of the consideration to be paid to holders of the Company
Equity Securities in connection with a Company Sale. 
 “Conversion Price” means, upon conversion of this Note
during the Post-IPO Conversion Period or at the completion of a Company Sale, a price per Ordinary Share equal to the IPO Price or Company Sale Price, as the case may be, divided by the sum of one plus Daily Compound Rate to the power of the number
of days lapsed between the date of this Note and the date of the completion of an IPO or the date of the completion of a Company Sale, as applicable; provided, however, if after the Original Note Issuance Date the Company issues
additional Equity Securities (other than Ordinary Shares) that are convertible into Ordinary Shares at a price based on a discount of the IPO Price or Company Sale Price where the company undertakes to guarantee the purchaser of such convertible
Equity Securities an Internal Rate of Return of more than 35% (other than issuances in connection with an Excluded Transaction), the above Daily Compound Rate shall be re-calculated based on such higher Internal Rate of Return. 

  
 2 

 “Corporate Founder” means Tekventure Limited, a British Virgin Islands
business company or United Innovation (China) Limited, a British Virgin Islands business company. 
 “Daily Compound
Rate” means 0.082254247%, which is the applicable daily compound rate based on a 365-day year, that would result in an Internal Rate of Return of 35% on the Principal Amount of this Note. 

“Encumbrance” means (i) any mortgage, charge (whether fixed or floating), pledge, lien (other than lien created by
operation of law), hypothecation, assignment, deed of trust, title retention, security interest or other encumbrance of any kind securing, or conferring any priority of payment in respect of, any obligation of any Person, (ii) any lease,
sub-lease, occupancy agreement, easement or covenant granting a right of use or occupancy to any Person, (iii) any proxy, power of attorney, voting trust agreement, interest, option, right of first offer or refusal or transfer restriction in
favor of any Person and (iv) any adverse claim as to title, possession or use. 
 “Equity Securities”
means, with respect to any Person, such Person’s capital stock, membership interests, partnership interests, registered capital, joint venture or other ownership interests (including, in the case of the Company, Ordinary Shares, Series A
Preference Shares and Series B Preference Shares) or any options, warrants or other securities that are directly or indirectly convertible into, or exercisable or exchangeable for, such capital stock, membership interests, partnership interests,
registered capital or joint venture or other ownership interests (whether or not such derivative securities are issued by such Person) (including, in the case of the Company, the Notes). 

“Excluded Transaction” means (a) the issuance of Ordinary Shares upon the conversion of Series A Preference Shares,
Series B Preference Shares or the Notes (or a portion hereof or thereof), (b) the grant of options or the issuance of Ordinary Shares to the employees, officers, directors, contractors, advisors or consultants of the Company under any share
option plan of the Company duly approved by the Board, (c) the issuance of Equity Securities in connection with any share split, share dividend or other similar event of the Company, (d) the issuance of any Equity Securities pursuant to
the acquisition of another corporation or entity by the Company (in a bona-fide non-financing transaction) by consolidation, merger, purchase of assets, or other reorganization in which the Company acquires, in a single transaction or series of
related transactions, a majority of the assets, voting power, or equity ownership of such other corporation or entity, or (e) the issuance of any Ordinary Shares issued as part of any debt financing with any financial institution. 

  
 3 

 “Founder” means a Corporate Founder or an Individual Founder. 

“Individual Founder” means LIU, Tianwen

, (PRC Passport#G02295104) or FENG, Yong 

 , (also known as Frank FENG) (PRC ID#110108196906281814). 
 “HKSAR” means the
Hong Kong Special Administrative Region of PRC. 
 “Internal Rate of Return” means, in respect of any portion of
the principal amount of this Note held by the Holder, the annual rate based on a 365-day period used to discount each cash outflow (negative) and inflow (positive) received by the Holder in respect of such principal amount of this Note to the
original issuance date of this Note (excluding any cash received from Interest payments under Section 2.2) such that the present value of the aggregate cash flows equals to zero, with the cash outflow being such principal amount and cash
inflows being cash received from redemption of such principal amount of this Note or conversion of this Note, as applicable. 

“Investors’ Rights Agreement” means the Second Amended and Restated Investors’ Rights Agreement dated as of
December 23 2009 by and among the Company and Tekventure Limited, United Innovation (China) Limited, Liu Tianwen, Feng Yong, AsiaVest Opportunities Fund IV, Infotech Ventures Cayman Company Limited, Fidelity Asia Ventures Fund LP, Fidelity Asia
Principals Fund LP, Mutsui Ventures Global Fund, and each of the Holders. 
 “IPO” means the initial public
offering of Ordinary Shares, whether a primary or secondary sale. 
 “IPO Price” means the final price per
Ordinary Share (prior to deduction of the underwriting discount) in U.S. dollars for Ordinary Shares sold in the IPO. 

“ISS Guangzhou” means Guangzhou iSoftStone Information Technology Company Limited 

. 
 “ISS Tianjin” means iSoftStone Information Technology Company Limited 

, a limited liability company established under the laws of the PRC, and Tianjin Saisi Data Information Technology Co., Ltd. 

 , a Subsidiary of ISS Tianjin. 
 “ISS Wuxi” means Wuxi iSoftStone Technology
Co., Ltd. 

, a limited liability company established under the laws of the PRC, and Wuxi International Service Outsourcing Training Center 

 , a non-enterprise legal entity established under the laws of the PRC and operated by ISS Wuxi. 
 “Key Managers” means any of the Individual Founders and WU, Jun 

 (also known as Michael WU), HUANG, Ying 

, PENG, Qiang 

 (also known as John PENG), LI, Bo 

, CHE, Junhe

(also known as Carson CHE) and WANG, Li 

(also known as Lucy WANG). 

  
 4 

 “Liquidation Event” means the event that (i) the Company or any
Material Subsidiary shall have commenced any case, proceeding or other action (1) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to
have an order for relief entered with respect to it, or seeking to adjudicate it bankrupt or insolvent, or seeking reorganization (excluding any domestic or overseas reorganization approved by the Majority Note Holders), arrangement, adjustment,
winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (2) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of
its assets; (ii) there shall have been commenced against the Company or any Material Subsidiary any case, proceeding or other action of a nature referred to in clause (i) above which (1) results in the entry of an order for relief or
any such adjudication or appointment or (2) remains undismissed, undischarged or unbonded for a period of 30 days; (iii) there shall have been commenced against the Company or any Material Subsidiary any case, proceeding or other action
seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have been vacated, discharged, stayed
or bonded pending appeal, within 30 days after the entry thereof; or (iv) the Company or any Material Subsidiary shall (1) make a general assignment for the benefit of its creditors, (2) default in making or become unable to make
payment for, or admit its inability to pay, a material amount of its debts when they become due, or (3) commence discussion with one or more of its creditors in order to enter into any arrangement to reorganize the Company or the Material
Subsidiary. 
 “Majority Note Holders” shall mean (i) where the aggregate Principal Amount of the
Convertible Notes issued under the Convertible Note Purchase Agreement is US$30 million or more, the Note Holder(s) who hold(s) more than fifty percent (50%) of the aggregate principal amount of all of the Convertible Notes outstanding at the
time of determination, or (ii) where the aggregate Principal Amount of the Convertible Notes issued under the Convertible Note Purchase Agreement is less than US$30 million, the Note Holder(s) who hold(s) more than sixty-six percent
(66%) of the aggregate principal amount of all of the Convertible Notes outstanding at the time of determination. 

“Material Subsidiary” means Beijing WFOE, ISS Wuxi, ISS Tianjin, ISS Guangzhou or any other current direct or indirect
Subsidiary of the Company to the extent that a Liquidation Event with respect to such Subsidiary will reasonably be expected to have a material adverse effect on the business, operations, contracts, properties or financial position of the Company
and its Subsidiaries taken as a whole. 
 “Ordinary Shares” means the ordinary shares, par value US$0.0001 per
share, in the capital of the Company. 
 “Original Note Issuance Date” means December 23, 2009, the
original date of issuance of the first Note. 

  
 5 

 “Person” means any natural person, firm, company, governmental authority,
joint venture, partnership, association or other entity (whether or not having separate legal personality). 
 “Post-IPO
Conversion Period” means the period that is twelve (12) months following the completion of an IPO, including the date of completion of such IPO. 
 “Post-IPO Redemption Price”, in respect of the Principal Amount or any portion thereof as at any date, means a price paid to the Holder upon redemption of the Notes pursuant to
Section 3.2 or 3.4 herein, as applicable, that would allow the Holder to receive, at such time of payment, an Internal Rate of Return in U.S. dollars of 18%. 
 “PRC” means the People’s Republic of China. 

“Redemption Price”, in respect of the Principal Amount or any portion thereof as at any date, means a price paid to the
Holder upon redemption that would allow the Holder to receive, at such time of payment, an Internal Rate of Return in U.S. dollars of 10%, including Interest payments received under Section 2.2. 

“Restated Articles” means the Third Amended and Restated Memorandum and articles of Association of the Company dated
December 23, 2009. 
 “ROFR Agreement” means the Second Amended and Restated Right of First Refusal and
Co-sale Agreement dated as of December 23, 2009 by and among the Company, Founders, Series A Holders, Series B Holders and the Note Holders 
 “Series A Preference Shares” means the Company’s Series A Preference Shares, US$0.0001 par value. 
 “Series B Preference Shares” means the Company’s Series B Preference Shares, US$0.0001 par value. 
 “Subsidiary” or “subsidiary” means with respect to any subject entity (the “subject entity”), (i) any company, partnership or other entity (x) more
than 50% of whose shares or other interests entitled to vote in the election of directors or (y) more than a 50% interest whose in the profits or capital of such entity are owned or controlled directly or indirectly by the subject entity or
through one or more Subsidiaries of the subject entity, (ii) any entity whose assets, or portions thereof, are consolidated with the net earnings of the subject entity and are recorded on the books of the subject entity for financial reporting
purposes in accordance with US GAAP, or (iii) any entity with respect to which the subject entity has the power to otherwise direct the business and policies of that entity directly or indirectly through another subsidiary. 

  
 6 

 “Transaction Agreements” means this Note, the Convertible Note Purchase
Agreement, the Investors’ Rights Agreement, the ROFR Agreement and the Restated Articles. 
  

	1.2	Headings. Section headings in this Note are included herein for convenience of reference only and shall not constitute a part of this Note for any other purpose.

 SECTION 2 
 TERMS; PRINCIPAL AND INTEREST 
  

	2.1	Terms. This Note shall mature on the third anniversary of the Original Note Issuance Date (the “Initial Maturity Date”). In the event that no
IPO or Company Sale has occurred prior to the Initial Maturity Date, then, subject to Section 2.2(b), the Majority Note Holders may extend the Initial Maturity Date of all of the Notes, including this Note, to a date on or prior to the sixth
anniversary of the Original Note Issuance Date (the “Extended Maturity Date”) at its sole discretion by delivering a written notice to the Company prior to the Initial Maturity Date, in which case the Company shall promptly notify
the other Note Holders. 

  

	2.2	Interest. 

  

	 	(a)	Subject to Section 2.2(b), the Holder of this Note shall be entitled to interest that accrues at the rate (the “Interest Rate”) of one percent
(1%) per annum, on the outstanding principal of this Note, due and payable in cash by the Company in arrears on each anniversary of the Original Note Issuance Date, from the Original Note Issuance Date until the earlier of (i) the Initial
Maturity Date, (ii) the date this Note is otherwise redeemed in full under Section 3.2, or (iii) such date on which this Note is converted in full under Section 4.1. Interest shall be calculated on the basis of a 365-day year for the
actual number of days elapsed. 

  

	 	(b)	Notwithstanding the foregoing, in the event that the Initial Maturity Date of this Note is extended pursuant to Section 2.1, this Note shall bear no interest for any
period between the Initial Maturity Date and the Extended Maturity Date. 

 SECTION 3 

REDEMPTION 
  

	3.1	Redemption on Maturity Date. The Company shall redeem the outstanding Principal Amount of this Note that has not been converted or redeemed as provided herein on
the Initial Maturity Date or the Extended Maturity Date, as the case may be, by payment of the Redemption Price to the Holder in cash; provided that in the event the Initial Maturity Date or the Extended Maturity Date, as the case may be,
falls within or after the Post-IPO Conversion Period, the Company shall redeem the outstanding Principal Amount of this Note that has not been converted or redeemed as provided herein at the expiration of the Post-IPO Conversion Period by payment of
the Post-IPO Redemption Price to the Holder in cash plus any accrued and unpaid Interest. 

  
 7 

	3.2	Post-IPO Redemption at Option of the Holder. At any time during the Post-IPO Conversion Period, the Holder of this Note shall have the right, but not the
obligation, to require the Company, by notice in writing (such notice to be in the form of Exhibit A attached hereto (a “Post-IPO Redemption Notice”)) to the Company, to redeem for cash all of the total outstanding Principal
Amount of this Note not previously redeemed by the Company or converted as provided herein at a price equal to the Post-IPO Redemption Price plus any accrued and unpaid Interest in priority to any payment on or with respect to the Company Equity
Securities. The Company shall pay the Holder the Post-IPO Redemption Price plus any accrued and unpaid Interest no later than twenty (20) Business Days after delivery of such Redemption Notice by the Holder of this Note.

  

	3.3	Default Redemption at Option of the Holder. Upon the occurrence of an Event of Default, the Holder of this Note shall have the right, but not the obligation, to
require the Company, by notice in writing (such notice to be in the form of Exhibit B attached hereto (a “Default Redemption Notice”)) to the Company, to redeem for cash all of the total outstanding Principal Amount of the
Notes not previously redeemed by the Company or converted as provided herein at a price equal to the then applicable Redemption Price in priority to any payment on or with respect to the Company Equity Securities. The Company shall pay the Holders
the applicable Redemption Price no later than twenty (20) Business Days after delivery of such Default Redemption Notice. 

  

	3.4	No Redemption at Option of the Company. Other than as set forth in this Section 3, the Company may not redeem, repurchase or repay any portion of this
Note at any time prior to the Initial Maturity Date or the Extended Maturity Date, as the case may be. 

SECTION 4 

CONVERSION 
  

	4.1	Mandatory Conversion. Immediately prior to and subject to the completion of a Company Sale, all of the then outstanding Principal Amount of this Note and the
accrued and unpaid Interest thereon shall be automatically converted into such number of duly authorized, fully paid and non-assessable Ordinary Shares as is equal to the quotient of (i) such outstanding Principal Amount of this Note plus the
accrued and unpaid Interest thereon, divided by (ii) the applicable Conversion Price (and such Ordinary Shares shall be credited to the Holder’s securities account as notified to the Company).For the avoidance of doubt, the Ordinary
Shares, other Company Equity Securities and any other securities of the Company that the Holder is entitled to receive upon conversion of this Note pursuant to the preceding sentence shall entitle the Holder to receive the same type and amount of
consideration in exchange for or with respect to any other Ordinary Shares, other Company Equity Securities or any other securities of the Company in the Company Sale. 

  
 8 

	4.2	Optional Conversion. 

  

	 	(a)	At any time during the Post-IPO Conversion Period, the Holder of this Note shall have the right, but not obligation, to convert this Note in whole, into such number of
duly authorized, fully paid and non-assessable Ordinary Shares as is equal to the quotient of (i) the outstanding Principal Amount of this Note plus accrued and unpaid Interest thereon, divided by (ii) the Conversion Price; provided
that the Holder of this Note may convert this Note in part for purposes of selling or transferring Ordinary Shares issued upon conversion of such partial Principal Amount of this Note, including, without limitation, in connection with an IPO or in
the event the number of Registrable Securities (as defined in the Investors’ Rights Agreement) held by such Holder to be registered or sold is limited in accordance with the Investors’ Rights Agreement. 

 

	 	(b)	The conversion rights set forth in Section 4.2(a) above shall be exercised by the surrender by the Holder on a Business Day of this Note at any time during usual
business hours at the registered office of the Company at the offices of Offshore Incorporations (Cayman) Limited, Scotia Centre, 4th Floor, P.O. Box 2804, George Town, Grand Cayman, Cayman Islands (or such other office or agency of the Company as
the Company and the Majority Note Holders may agree) with a copy to the address of the Company as specified in the Convertible Note Purchase Agreement, accompanied by written notice (such notice to be in the form of Exhibit C attached hereto
(a “Conversion Notice”)) specifying (i) that the Holder elects to convert the entire Note or a portion thereof and (ii) the name or names (with address) in which a certificate or certificates for Ordinary Shares are to be
issued. In case of conversion at the completion of an IPO, a Conversion Notice may be delivered at such time prior to the completion of an IPO as may be reasonably required by the Company’s underwriter(s) for the IPO, which shall become
effective as of and subject to the completion of the IPO. This Note shall be delivered to the Company (together with the Conversion Notice) for cancellation and shall be canceled by it. As soon as practicable after the delivery of the Conversion
Notice, but in no event later than two (2) days thereafter, the Company shall (x) take all actions and execute all documents necessary to effect the issuance and registration of such Ordinary Shares (including giving all necessary
instruction to the relevant share registry to effect such issuance and registration but excluding the registration of the Ordinary Shares issued upon conversion of the Notes under the U.S. securities laws), and (y) deliver to the Holder a
certificate or certificates representing the number of duly authorized, fully paid and non-assessable Ordinary Shares calculated in accordance with Section 4.2(a) above. At the time of surrender of this Note, the Person in whose name any
certificate(s) for Ordinary Shares shall be issuable upon such conversion shall be deemed to be the holder of record of such Ordinary Shares on such date, notwithstanding that the share register of the Company shall then be closed or that the
certificates representing such Ordinary Shares shall not then be actually delivered to such Person. 

  
 9 

	4.3	Fractional Shares. No fractional Ordinary Shares shall be issued upon conversion of this Note. All Ordinary Shares (including fractions thereof) issuable upon
conversion of more than one Note held by a Holder thereof shall be aggregated for purposes of determining whether the conversion would result in the issuance of any fractional share. If, after the aforementioned aggregation, the conversion would
result in the issuance of any fractional share, the Company shall round up any such fractional share to one whole share. 

  

	4.4	Joinder Agreement. If the Holder of this Note is not yet a party to the Investors’ Rights Agreement, so long as the Investors’ Rights Agreement, is
still in force, as a pre-condition to the issuance by the Company of the Ordinary Shares issuable upon conversion of this Note, the Holder of this Note is required to execute a Joinder Agreement (as defined in the Investors’ Rights Agreement)
to join the Investors’ Rights Agreement as if it were an “Investor” thereunder. 

  

	4.5	Termination of Rights. All rights under this Note shall terminate when (a) the entire Principal Amount of this Note and any other amounts payable in
relation to this Note have been paid and received pursuant to Section 3 above or (b) this Note is converted in full pursuant to the terms of this Note. 

 

	4.6	Availability of Shares; Taxes. The Company covenants that it will at all times reserve and maintain authority to issue, solely for the purpose of issue or
delivery upon any conversion herein provided, the maximum number of Ordinary Shares reasonably expected to be issuable upon conversion of this Note. The Company covenants that all Ordinary Shares, when issued or delivered pursuant to Section Section
4.1 and in compliance with the provisions of the Restated Articles, be duly and validly authorized and issued, fully paid and free and clear of all Encumbrances. The Company shall pay all taxes, liens and other charges whatsoever that may be imposed
in respect of the conversion of this Note or the issuance and delivery of the Ordinary Shares issuable upon the conversion of this Note. 

  

	4.7	Anti-dilution Adjustments. The Conversion Price, and the number and type of securities to be received by the Holder upon conversion of this Note pursuant to
Section 4.2(a), shall be subject to adjustment as follows: 

  

	 	(a)	Subdivision, Combination or Reclassification of Ordinary Shares. In the event that the Company shall at any time or from time to time, after the completion of an
IPO but prior to conversion of this Note pursuant to Section 4.2(a), (i) pay a dividend or make a distribution on the outstanding Ordinary Shares payable in Company Equity Securities, (ii) subdivide the outstanding Ordinary Shares
into a larger number of shares, (iii) combine the outstanding Ordinary Shares into a smaller number of shares, or (iv) issue any Company Equity Securities in a reclassification of the Ordinary Shares (other than any such event for which an
adjustment is made pursuant to another clause of this Section Section 4.7), then, and in each such case, the Conversion Price in effect immediately prior to such event shall be adjusted (and any other appropriate actions shall be taken by the
Company) proportionately so that the Holder shall be entitled to receive the number of Ordinary Shares or other securities of the Company that the Holder would have owned or been entitled to receive upon or by reason of the relevant event described
above, had this Note been converted immediately prior to the occurrence of such event or (if earlier) the record date for shareholders of the Company entitled to participate in such distribution. Any adjustment made pursuant to this Section Section
4.7(a). shall become effective retroactively (x) in the case of any such dividend or distribution, to a date immediately following the close of business on the record date for the determination of holders of Ordinary Shares entitled to receive
such dividend or distribution, or (y) in the case of any such subdivision, combination or reclassification, to the close of business on the day upon which such corporate action becomes effective. 

  
 10 

	 	(b)	Issuance of Company Equity Securities below Conversion Price. 

  

	 	(i)	If the Company shall, at any time or from time to time, after the completion of an IPO but prior to conversion of this Note pursuant to Section 4.2(a), issue or
sell any Ordinary Shares or other Company Equity Securities (“New Securities”), other than an issuance in an Excluded Transaction, at a price per Ordinary Share that is less than the Conversion Price (treating the price per Ordinary
Share, in the case of the issuance of any Company Equity Securities other than Ordinary Shares, as equal to (x) the sum of the price for such Company Equity Securities plus any additional consideration payable (without regard to any
anti-dilution adjustments) upon the conversion, exchange or exercise of such Company Equity Securities, if any, divided by (y) the number of Ordinary Shares initially underlying such Company Equity Securities), then, and in each such case, the
Conversion Price in effect immediately prior to such issuance shall be adjusted by multiplying the Conversion Price in force immediately prior to such issue by the following fraction: 

 

					
		 	A+B	 	
		 	C	 	

 where: 
  

	 	A	shall mean the number of Ordinary Shares in issue (on a fully diluted and as converted basis) immediately prior to the issue of such New Securities;

  

	 	B	shall mean the number of Ordinary Shares which the aggregate consideration receivable by the Company for the issue of such New Securities would be able to purchase at
the Conversion Price per Ordinary Share; and 

  
 11 

	 	C	shall mean the number of Ordinary Shares in issue (on a fully diluted and as converted basis) immediately after the issue of such New Securities.

	 	(ii)	Such adjustment shall be made whenever such Ordinary Shares or Company Equity Securities are issued, and shall become effective retroactively (x) in the case of an
issuance to the shareholders of the Company to a date immediately following the close of business on the record date for the determination of shareholders entitled to receive such Ordinary Shares or Company Equity Securities and (y) in all
other cases, on the date of such issuance; provided, however, that the determination as to whether an adjustment is required to be made pursuant to this Section 4.7(b) shall be made upon the issuance of such Ordinary Shares or Company
Equity Securities, and not upon the issuance of any securities into which the Company Equity Securities are convertible or exchangeable or for which they may be exercised. 

 

	 	(iii)	In case at any time after the completion of an IPO but prior to conversion of this Note pursuant to Section 4.2(a), any Ordinary Shares or Company Equity
Securities or any rights or options to purchase any Ordinary Shares or Company Equity Securities shall be issued or sold (each, a “Future Subscription”) for cash, the consideration received therefor shall be deemed to be the amount
received by the Company therefor, without deduction therefrom of any expenses incurred or any underwriting commissions or concessions or discounts paid or allowed by the Company in connection therewith (collectively, “Expenses”). In
case of a Future Subscription for a consideration other than cash, the amount of the consideration other than cash received by the Company shall be deemed to be the fair market value of such consideration, without deduction therefrom of any
Expenses, as determined mutually by the board of Directors and the Majority Note Holders or, if the board of Directors and the Majority Note Holders shall fail to agree, by an independent appraiser chosen by the board of Directors, provided
that all costs and expenses associated with such appraisal shall be borne equally by the Company on the one hand and all Note Holders on the other hand. 

  

	4.8	Certificate as to Adjustments. The Company shall, within a reasonable period (not to exceed ten (10) Business Days) following any event requiring an
adjustment of the Conversion Price, deliver to the Holders a certificate, signed by a director of the Company, setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and
specifying the Conversion Price in effect following such adjustment. 

  

	4.9	Indebtedness, Encumbrance. Until the entire Principal Amount of this Note and any other amounts payable in relation to this Note have been redeemed and paid
pursuant to Section 3 above or converted pursuant to Section 4.1 above, the Company shall not issue, assume, incur, become subject to, guarantee, amend the terms of, or suffer to exist any indebtedness or Encumbrance on any of its assets without the
prior written consent of the Majority Note Holders except for any indebtedness, guarantee or Encumbrance arising therefrom, incurred by the Company for working or operating capital purposes, including without limitation, any trade debts or credit
facilities. 

  
 12 

 SECTION 5 
 COVENANTS 
  

	5.1	Covenants. The Company covenants to the Holder that, from the date hereof until the entire Principal Amount of this Note have been redeemed and paid pursuant to
Section 3 above or converted pursuant to Section 4 above, the Company shall: 

  

	 	(a)	punctually pay the Principal Amount and/or any Interest payable on this Note, and any other amount due and payable under this Note in the manner specified in this Note;

  

	 	(b)	give written notice to the Holder of any Event of Default (as defined below) promptly upon the occurrence thereof; and 

 

	 	(c)	execute and deliver, or cause to be executed and delivered, upon the request of the Majority Note Holders and at the Company’s expense, such additional documents,
instruments and agreements as the Company and the Majority Note Holders may, each acting reasonably, mutually determine to be necessary to carry out the provisions of this Note and the Convertible Note Purchase Agreement and the transactions and
actions contemplated hereunder and thereunder. 

  

	5.2	No Dividend or Redemption. The Company covenants to the Holder that, from the date hereof until the earlier of its IPO or until all amounts owing hereunder have
been paid in full or this Note has been converted, the Company shall not, without the prior written consent of the Majority Note Holders, make any declaration or payment of dividends or other distributions, redemption or repurchase or any other
payment on or with respect to any Company Equity Securities other than the Notes. 

 SECTION 6 

EVENTS OF DEFAULT 
  

	6.1	Events of Default. If any of the following events shall occur and be continuing: 

 

	 	(a)	the Company shall fail to pay any Principal Amount of or interest on this Note, or any other amount which is payable hereunder, when due in accordance with the terms
hereof (such default, the “Payment Default”); 

  
 13 

	 	(b)	the Company shall default in the observance or performance of any of its covenant, condition or agreement under this Note (other than the Payment Default);

  

	 	(c)	except as approved by the board of Directors, any Key Manager shall have sold any of the Company Equity Securities held or beneficially owned by him/her, directly or
indirectly, at the Original Note Issuance Date; 

  

	 	(d)	either LIU Tianwen

 or three out of the other seven Key Managers shall have ceased to be a full-time employee and officer of the Group Companies or otherwise ceased to perform management responsibilities or duties at the Group Companies,
provided that change of such Key Manager’s title, scope of duties, or positions within the Group Companies shall not constitute an Event of Default as long as he or she continues to have full-time management responsibilities at the Group
Companies; 

  

	 	(e)	any Founder shall default in the observance or performance of any covenant, condition or agreement contained in any Transaction Agreement in any material respect, and
such default (i) cannot be cured, or (ii) can be cured but either remains uncured or has not been cured to the satisfaction of the Majority Note Holders twenty-one (21) days after being notified in writing of such default;

  

	 	(f)	any other representation, warranty, certification or statement made by or on behalf of the Company or any Founder in any Transaction Agreement, or in any certificate or
other document delivered pursuant thereto, shall have been incorrect, misleading or false in any material respect; 

  

	 	(g)	the Company shall default in the observance or performance of any other covenant, condition or agreement contained in any other Transaction Agreement in any material
respect and such default (i) cannot be cured, or (ii) can be cured but either remains uncured or has not been cured to the satisfaction of the Majority Note Holders fourteen (14) days after being notified in writing of such default;
or 

  

	 	(h)	the occurrence of a Liquidation Event, 

 then, and in any such event (except events described in Section 6.1(d) that occur after the completion of an IPO of the Company), it shall constitute an “Event of Default”, and the
Company may be required by the Holder of this Note to redeem this Note as provided in Section 3.3. 
  

	6.2	Waiver of Event of Default. An Event of Default may be waived by approval of the Majority Note Holders or shall be deemed waived by a Holder if the Holder did
not exercise its right under Section 3.3 to require the Company to redeem the Note with respect to the Event of Default within six (6) months of the Holder’s receipt of a written notice to the Holder of any Event of Default pursuant
to Section 5.1(b) above. 

  
 14 

 SECTION 7 
 REGISTRATION AND TRANSFER OF NOTE 
  

	7.1	Register. The Company shall keep at its principal office a register in which the Company shall provide for the registration and transfer of this Note, in which
the Company shall record the name and address of the Holder and the name and address of each permitted transferee and prior owner of this Note. The Holder shall notify the Company of any change of name or address and promptly after receiving such
notification the Company shall record such information in such register. 

  

	7.2	Transfer. A transfer of this Note may be effected only by a surrender hereof to the Company and the issuance by the Company of a new Note or Notes in replacement
thereof, which shall be registered by the Company in accordance with Section 7.1 hereof once an executed copy of the replacement note has been executed by the transferee. This Note may not be transferred in violation of the ROFR Agreement. If the
transferee of this Note is not yet a party to the Investors’ Rights Agreement and the ROFR Agreement, so long as the Investors’ Rights Agreement or the ROFR Agreement is still in force, as a pre-condition to the effectiveness of such
transfer, the transferee of this Note is required to execute a Joinder Agreement (as defined in the Investors’ Rights Agreement to join the Investors’ Rights Agreement or the ROFR Agreement, as applicable) to join the Investors’
Rights Agreement or the ROFR Agreement, as applicable, as if it were a “Note Holder” thereunder. The Company shall not be responsible for payment of any transfer taxes in connection with the transfer of this Note. 

SECTION 8 

GOVERNING LAW; ARBITRATION 
  

	8.1	GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAW
PRINCIPLES. 

  

	8.2	Arbitration. In the event the parties are unable to settle a dispute between them regarding this Note, such dispute shall he referred to and finally settled by
arbitration at the Hong Kong International Arbitration Centre (“HKIAC”) in accordance with the UNCITRAL Arbitration Rules (“UNCITRAL Rules”) in effect, which rules are deemed to be incorporated by reference into
this Section 8.2, subject to the following: The arbitration tribunal shall consist of one arbitrator to be appointed according to the UNCITRAL Rules by HKIAC. The appointing authority shall be HKIAC. The language of the arbitration shall be
English. Notwithstanding anything in this Note or in the UNCITRAL Rules or otherwise, the arbitration tribunal shall not have the power to award injunctive relief or any other equitable remedy of any kind against any party unless such award both
(i) is expressly appealable to and subject to de novo review by the courts of Hong Kong, and (ii) would not, if upheld, have the effect of impairing, restricting, or imposing any conditions on the right or ability of such party or its
Affiliates to conduct its respective business operations or to make or dispose of any other investments. The prevailing party shall be entitled to reasonable attorney’s fees, costs and necessary disbursements in addition to any other relief to
which such party may be entitled. 

  
 15 

 SECTION 9 
 MISCELLANEOUS 
  

	9.1	Notices. Any notice or communication provided for by this Note shall be in writing and shall be delivered in person, sent by telecopy, mailed, first class,
postage prepaid, or sent by nationally recognized overnight delivery service addressed to the Company or the Holder at their respective addresses or telecopy numbers specified in the Convertible Note Purchase Agreement, as to any such party, at such
other address or telecopy number as may be designated by it in a notice to the other parties hereto. All notices, demands and other communications shall be deemed to have been duly given when delivered by hand, if personally delivered; when
delivered by courier, if delivered by commercial courier service; five (5) Business Days after being deposited in the mail, postage prepaid, if mailed; and when receipt is mechanically acknowledged, if telecopied. 

 

	9.2	Payment. All payments required to be paid by the Company under this Note to the Holder shall be paid by wire transfer in United States Dollars in immediately
available funds to a bank account notified by the Holder to the Company. 

  

	9.3	Wavier. The Company agrees that no omission or delay by the Holder in exercising any right under this Note shall operate as a waiver, and the single or partial
exercise of any such right or rights shall not preclude any other further exercise of such right or rights. 

  

	9.4	Amendment. This Note may not be amended or modified except by a written agreement executed by the Company and the Majority Note Holders, and, if such amendment
or modification negatively impacts the rights and privileges of the Holder in a manner different from all other Holders of the Notes issued pursuant to the Convertible Note Purchase Agreement or materially affects the rights and privileges of the
Holders provided for in Section 2, 3 or 4 of this Note, the Holder’s written consent is required for such amendment or modification. 

  

	9.5	Language. This Note is drawn up in the English language. If this Note is translated into any language other than English, the English language text shall
prevail. 

 [Remainder of page intentionally left blank] 

  
 16 

 IN WITNESS WHEREOF, the undersigned has caused this Note to be executed by its officer or director thereunto
duly authorized, on the date first above written. 
  

					
	iSoftStone Holdings Limited
		
	By:	 	 /s/ Tianwen Liu

		 	Name:	 	
		 	Title:	 	

  

					
	AGREED AND ACCEPTED:
		
	By:	 	 /s/ Ying Pan

		 	Name:	 	Ying Pan
		 	Title:	 	Managing Director

 SIGNATURE PAGE TO
iSOFTSTONE HOLDINGS LIMITED 
 FORM OF CONVERTIBLE NOTE 

  
 17 

 EXHIBIT A 
 FORM OF POST-IPO REDEMPTION NOTICE 
 [date] 

 

	To:	iSoftStone Holdings Limited 

[Address] 
 Re: Redemption
Notice in relation to the Convertible Notes of the Company (the “Note”), originally issued on                     , 2009 with an aggregate
outstanding principal amount of US$[            ]. Capitalized terms used herein and not otherwise defined shall have their respective meanings as set forth in the Note. 

Dear Sirs: 
 We, the Holder of
No.[                    ] of the Note, hereby deliver this Post-IPO Redemption Notice pursuant to Section 3 of the Note and hereby notify the
Company of the exercise of the redemption right set forth in Section 3 of the Note for the Company to redeem all of the outstanding Principal Amount of this Note, together with accrued and unpaid interest thereon at the Post-IPO Redemption Price.

 Aggregate outstanding Principal Amount to be redeemed: US$ [            ]

 Aggregate accrued but unpaid Interest with respect to the Principal Amount to be redeemed: US$
[            ] 
 Total Post-IPO Redemption Price: US$
[            ] 
 Please kindly transfer to us the total Post-IPO Redemption Price
in accordance with the provisions of Section 3 of the Notes. 
 Very truly yours, 
 [Name of the Holder] 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 18 

 EXHIBIT B 
 FORM OF DEFAULT REDEMPTION NOTICE 
 [date] 

 

	To:	iSoftStone Holdings Limited 

[Address] 
 Re: Redemption
Notice in relation to the Convertible Notes of the Company (the “Note”), originally issued on                     , 2009 with an aggregate
outstanding principal amount of US$[            ]. Capitalized terms used herein and not otherwise defined shall have their respective meanings as set forth in the Note. 

Dear Sirs: 
 We, the Holder of
No.[                    ] of the Note, hereby deliver this Default Redemption Notice pursuant to Section 3 of the Note and hereby notify the
Company of the exercise of the redemption right set forth in Section 3 of the Note for the Company to redeem all of the outstanding Principal Amount of the Note, together with accrued and unpaid interest thereon at the Redemption Price. 

Aggregate outstanding Principal Amount to be redeemed: US$ [            ] 

Aggregate accrued but unpaid Interest with respect to the Principal Amount to be redeemed: US$
[            ] 
 Total Redemption Price: US$
[            ] 
 Please kindly transfer to us the total Redemption Price in
accordance with the provisions of Section 3 of the Notes. 
 Very truly yours, 
 [Name of the Holder] 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 19 

 EXHIBIT C 
 FORM OF CONVERSION NOTICE 
 [date] 

 

	To:	iSoftStone Holdings Limited 

 [Scotia Centre, 4th Floor, P.O. Box 2804, George Town, Grand Cayman, Cayman Islands] 
 Re: Conversion Notice in
relation to the Convertible Note No. [—] of the Company (the “Note”), dated as of
                    , 2009 with an aggregate outstanding principal amount of
US$[            ]. Capitalized terms used herein and not otherwise defined shall have their respective meanings as set forth in the Note. 

Dear Sirs: 
 We, holder of Note, hereby deliver
this Conversion Notice pursuant to Section 4.2(b) of the Note and hereby notify the Company of the exercise of the conversion right set forth in Section 4.2(a) of the Note to convert [all of the outstanding Principal Amount of the Notes][such
Principal Amount of the Notes equal to US$[            ], together with accrued and unpaid Interest thereon, at the applicable Conversion Price. 

Aggregate outstanding Principal Amount to be converted: US$ [            ] 

Aggregate accrued but unpaid Interest with respect to the Principal Amount to be converted: US$
[            ] 
 Total Ordinary Shares to be issued upon conversion:
[            ] Ordinary Shares 
 Please kindly issue to us such number of
Ordinary Shares issuable upon conversion of the Note in accordance with this Conversion Notice and with the provisions of Section 4.2(b) of the Note to the following entity(ies): 
 (1)        Name: [        ] 
             Address: [    ] 
             Number of Ordinary Shares to be issued: [    ] 
 (2)        [Repeat as necessary] 
 Very truly
yours, 
 [Name of the Holder] 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 20

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