Document:

exv4w7

Exhibit
4.7

Execution Version

SECOND AMENDED AND RESTATED RIGHT OF FIRST REFUSAL

AND CO-SALE AGREEMENT

     This SECOND AMENDED AND RESTATED RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT (this
“Agreement”) is entered into as of August 17, 2007, among:

     HiSoft Technology International Limited, a Cayman Islands exempted company (the “Company”)

     the persons listed on the Schedule of Restricted Sellers attached hereto as Schedule
1 (each a “Restricted Seller,” and collectively, the “Restricted Sellers”) on the one hand;
and

     the following entities (each an “Investor” and together the “Investors”) on the other:

     Granite Global Ventures (Q P.) L.P., a Delaware (USA) limited partnership (“Granite QP”),

     Granite
Global Ventures L.P., a Delaware (U.S.A.) limited partnership (“Granite”),

     Granite Global Ventures II L.P., a Delaware (U.S.A.) limited partnership (“Granite II”),

     GGV
II Entrepreneurs Fund L.P., a Delaware (U.S.A.) limited partnership (“QGV II”),

     JAFCO Asia Technology Fund II, a Cayman Islands company (“JAFCO”),

     Intel Capital (Cayman) Corporation, a Cayman Islands company (“Intel”).

     International Finance Corporation, an international organization
established by Articles of Agreement among its member countries including the PRC (“IFC”),

     Sumitomo Corporation Equity Asia Limited, a company incorporated in Hong Kong
(“Sumitomo”),

     The Greater China Trust, a trust duly organized and existing under the laws of the Cayman
Islands, managed by Mitsubishi UFJ Securities (HK) Capital, Ltd. (“Mitsubishi”),

     Draper
Fisher Jurvetson ePlanet Ventures L.P., a limited partnership organized and existing
under the laws of the Cayman Islands (“DFJLP”)

     Draper
Fisher Jurvetson ePlanet Ventures GmbH & Co. KG, a company incorporated in Germany
(“DFJ GmbH”),

     Draper Fisher Jurvetson ePlanet Partners Fund, LLC, a limited liability company organized
under the laws of the State of California (“DFJ Partners,” together with DFJLP and DFJ GmbH,
“DFJ”),

     GE Capital Equity investments Ltd, a company organized under the laws of Cayman Islands
(“GE”)

     Kornhill
Consulting LTD, a company incorporated under the laws of British Virgin Islands
(“Kornhill”), and

     Laoniu Investment Company Limited, a company organized under the laws of Mauritius
(“Laoniu”)

R E
C I T A L S

     This
Agreement is the “ROFR Agreement” defined in and referenced in the Series C
Purchase Agreement and shall take effect subject to and Immediately following the Closing (the
“Effective Date”) The Series A Investors have previously purchased from the Company, and the
Company has sold to such Series A Investors, Series A Preferred Shares and certain warrants to
purchase additional Series A Preferred Shares and Series A-1 Preferred Shares of the Company on
the terms and conditions set forth in that certain Series A Preferred Share Purchase Agreement
dated as of July 28, 2004 (the “Series A Purchase Agreement”) among the Company, HiSoft Dalian

 

 

Haihui Dalian (each as defined below), the Series A Investors and certain other entities and
individuals named therein. The Series B Investors have previously purchased from the Company, and
the Company has sold to such Series B Investors Series B Preferred Shares on the terms and
conditions set forth in that certain Series B Preferred Share Purchase Agreement dated as of June
30, 2006, as amended and restated by that certain Amended and Restated Series B Preferred Share
Purchase Agreement dated as of April 30, 2007 (the “Series B Purchase Agreement”) among the
Company, HiSoft Dalian, Haihui Dalian the Series B Investors and certain other entities and
individuals named therein

     WHEREAS in conjunction with the consummation of the transactions contemplated by the Series A
Purchase Agreement and the Series B Purchase Agreement, the parties thereto entered into that
certain Right of First Refusal and Co-Sale Agreement, dated as of July 28, 2004, as amended and
restated by that certain Amended and Restated Right of First Refusal and Co-Sale Agreement, dated
as of June 30, 2006 (the “Prior ROFR Agreement”) to, among other things, govern certain transfers
of the Company’s equity securities

     WHEREAS, in accordance with Section 8.2 of the Prior ROFR Agreement the parties
thereto desire to amend and restate the Prior ROFR Agreement as set forth herein

     WHEREAS, certain of the Investors have purchased shares of the Company’s Series C Preferred
Shares pursuant to a Preferred Share Purchase Agreement, dated as of even date herewith (the
“Series C Purchase Agreement”)

     WHEREAS,
the obligations in the Series C Purchase Agreement are conditioned upon the execution
and delivery of this Agreement

     NOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter
set forth and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged the parties hereto agree that the Prior ROFR Agreement shall be amended and
restated In its entirety as follows:

	1	 	DEFINITIONS

     1.1 As used in this Agreement:

     “Affiliate”
of a Person shall mean any company, corporation, or other entity that controls, is
controlled by or is under common control with the specified Person, within the meaning of Rule
144.

     “Business Day” shall mean any day that is not a Saturday Sunday, legal holiday or other day
on which commercial banks are required or authorized by law to be closed in the PRC Singapore Hong
Kong or New York

     “Closing” shall mean the closing of the offer and purchase of the Series C Preferred Shares as
defined in the Series C Purchase Agreement.

     “Common Share Equivalents” shall mean, with respect to any shareholder of the Company, Common
Shares owned by such shareholder together with Common Shares into or for which any issued and
outstanding Preferred Shares or any other issued and outstanding convertible securities (excluding,
for the avoidance of doubt unexercised options or warrants) owned by such shareholder shall be
convertible

     “Common
Shares” shall mean the common shares of the Company, par
value US$0.0001 per share

     “Common
Shareholder Reply Notice” shall have the meaning set forth
in Section 2A.6.

     “Drag-Along Election”
shall have the meaning set froth in Section
4.

     “Drag-Along
Notice” shall have the meaning set forth in
Section 4. “Excess Preferred Transfer Shares” shall have the meaning set forth
in Section 2A.3

     “Excess Proportionate Amount” shall have the meaning set forth in Section 2A.5

     “Exchange
Act” shall mean the U.S. Securities and Exchange Act of 1934
and the rules and
regulations promulgated thereunder, as amended from time to time

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     “Exchange Act Registration” shall mean registration of a company under Section 12 of the
Exchange Act or when a company becomes subject to Exchange Act reporting requirements under
Section 15(d) of the Securities Act or otherwise.

     “Exercise Amount” shall have the meaning set forth in Section 2A.2

     “Exercising Common Shareholder” shall have the meaning set forth in Section 2A.6

     “Exercising Investor” shall have the meaning set forth in Section 2A.2

     “Haihui Dalian” shall mean Dalian Haihui Sci-Tech Company Limited , a joint stock limited
company established under the laws of the PRC.

     “HiSoft Dalian” shall mean HiSoft Technology (Dalian) Co.  Ltd  a wholly-foreign owned
enterprise established by the Company under the laws of the PRC

     “Joinder Agreement” means, an agreement, in such form and on such terms as approved by all the
Investors which a Person is required to enter into with or in favour of all the parties pursuant
to Sections 8.2 and 8.3

     “Original Preferred Transfer Notice” shall have the meaning set forth in Section
2A.1

     “Person” or “person” shall be construed as broadly as possible and shall include an
individual, a partnership, a limited liability company, a company an association a trust, a joint
venture on unincorporated organization and any government organization or authority.

     “PRC” shall mean, for the purpose of this Agreement, the Peoples’ Republic of China excluding
the Hong Kong Special Administrative Region Macau Special Administrative Region and Taiwan.

     “Preferred Seller” shall have the meaning set forth in Section 2A.1

     “Preferred Shares” shall mean the Company’s Series A Preferred Shares, Series A-1 Preferred
Shares, Series B Preferred Shares, and Series C Preferred Shares, collectively, along with any
other class or series of preferred shares issued by the Company in substitution or replacement
therefor.

     “Preferred Transfer Shares” shall have the meaning set forth in Section 2A.1

     “Prohibited Transfer” shall have the meaning set forth in Section 5.1

     “Proportionate Amount” shall have the meaning set forth in Section 2A.4

     An Investor’s “Pro Rata Co-Sale Share” of a specified quantity of Restricted Seller Transfer
Shares proposed to be transferred shall mean the specified quantity of Restricted Seller Transfer
Shares multiplied by a fraction equal to (i) the total number of Common Share Equivalents then
held by such Investor, divided by (ii) the total number of Common Share Equivalents held by the
Restricted Seller, plus the total number of Common Shares Equivalents then held by all Investors
exercising co-sale rights pursuant to Section 3

     An Investor’s “Pro Rata ROFR Share” of a specified quantity of Shares proposed to be
transferred shall mean the specified quantity of Transfer Shares multiplied by a fraction equal to
(i) the number of Common Share Equivalents of the Company then held by such Investor, divided by
(ii) the total number of Common Share Equivalents then held by all Investors

     “Qualified IPO” shall mean a firm commitment public offering of Common Shares in the United
States that has been registered under the Securities Act resulting in a minimum market
capitalization of US$350 million, and with gross proceeds to the Company of at least US$50
million, or a similar public offering of Common Shares in a jurisdiction and on a recognized
securities exchange outside of the United States, including without limitation the Hong Kong Stock
Exchange, provided such public offering is equivalent to the aforementioned in terms of price,
offering proceeds and regulatory approval

     “Remaining Preferred Transfer Shares” shall have the meaning set forth in Section
2A.6

     “Reply Notice” shall have the meaning set forth in Section 2A.2

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     “Reply Period” shall have the meaning set forth in Section 2A.2

     “Restricted Seller” shall have the meaning set forth in the Preamble

     “Restricted Seller Transfer Notice” shall have the meaning set forth in Section 2.1

     “Restricted Seller Transfer Shares” shall have the meaning set forth in Section 2.1

     “Rule 144”
shall mean Rule 144 promulgated under the U.S Securities Act of
1933, as amended
from time to time

     “Sale Transaction” shall have the meaning set forth in Section 4.

     “SEC” shall mean the U S Securities and Exchange Commission as constituted from time to time

     “Second Preferred Transfer Notice” shall have the meaning set forth in Section 2A.6

     “Selling Shareholders” shall have the meaning set forth in Section 4

     “Series A
Investors” shall mean, collectively Granite, Granite QP, JAFCO, Intel and IFC in
their capacities as parties to the Series A Purchase Agreement

     “Series A Preferred Shares” shall mean the Company’s Series A Preferred Shares US$0 0001 par
value per share.

     “Series A-1 Preferred Shares” shall mean the Company’s Series A-1 Preferred Shares US$00001
par value per share.

     “Series A-1 Preferred Warrants” shall mean the warrants for the purchase of up to 36,000,000
Series A-1 Preferred Shares issued to certain of the Series A Investors on June 28, 2004 and
October 18, 2004

     “Series B Investors” shall mean, collectively, Granite, Granite QP, Granite II, GGV II, JAFCO,
Intel, IFC, Sumitomo, Mitsubishi, DFJLP, DFJ GmbH, and DFJ Partners, in their capacities as
parties to the Series B Purchase Agreement.

     “Series B Preferred Shares” shall mean the Company’s Series B Preferred Shares, U S $0 0001
par value per share

     “Series C
Preferred Shares” shall mean the Company’s
Series C Preferred Shares, U S $0 0001 par
value per share

     “Shares” shall mean all Preferred Shares and all Common Shares and any other Issued and
outstanding shares of any class or series of the Company now owned or subsequently acquired by any
shareholder

     “Trade Sale” shall have the meaning set forth in Section 4.

     “Transaction Agreements” shall mean this Agreement, the Series C Purchase Agreement and the
Investors’ Rights Agreement

     “Transfer Shares” shall mean Restricted Seller Transfer Shares and/or Preferred Transfer
Shares as the context requires.

     “Transferring Party” shall have the meaning set forth in Section 5.1

     “Warrant Securities” shall mean the Series A-1 Preferred Warrants and the Warrant Shares.

     “Warrant Shares” shall mean the Series A-1 Preferred Shares assumable or issued upon exercise
of the Series A-1 Preferred Warrants

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     Any capitalized terms used but not otherwise defined in this Agreement shall have the
meanings given them in the Series C Purchase Agreement.

	2.	 	RIGHT OF FIRST REFUSAL WITH RESPECT TO RESTRICTED SELLERS

     2.1 Restricted Seller Notice of Sale If a Restricted Seller proposes to sell or
transfer any Shares held
by such Restricted Seller (the “Restricted Seller Transfer Shares”), then the Restricted Seller
may not sell or transfer any such Restricted Seller Transfer Shares unless it complies with this
Section 2.1 and Section 3. The Restricted Seller shall promptly give written notice (the
“Restricted Seller Transfer Notice”) to the Company and to the Investors describing in reasonable
detail the proposed sale or transfer including, without limitation, the number of Restricted
Seller Transfer Shares, the nature of such sale or transfer the consideration to be paid and the
name and the address of each prospective purchaser or transferee.

     2.2 Notice of Purchase Each Investor shall have thirty (30) days from the date of
receipt of the Restricted Seller Transfer Notice to agree to purchase all or any part of such
Investor’s Pro Rata ROFR Share of the Restricted Seller Transfer Shares for the price and upon the
terms and conditions specified in the Restricted Seller Transfer Notice (or the actual terms of
the proposed transfer, if more favorable to the proposed transferee), by giving written notice to
the Restricted Seller stating therein the number of Restricted Seller Transfer Shares to be
purchased A failure by the Investor to respond within such thirty (30) day period shall be deemed
to constitute a decision by such Investor not to exercise its right to purchase all or any of the
Restricted Seller Transfer Shares as provided herein.

     2.3 Non-Exercise. Subject to the provisions of Section 3 in the event the
Investor(s) fall to agree to purchase all of the Restricted Seller Transfer Shares within the
respective periods given above, the Restricted Seller shall have ninety (90) days from the date of
delivery of the Restricted Seller Transfer Notice to the Company and each of the Investors to sell
the Restricted Seller Transfer Shares not so purchased at the price and upon terms and conditions
no more favorable to the transferee then specified in the original Restricted Seller Transfer
Notice. In the event that the Restricted Seller has not sold the Restricted Seller Transfer Shares
within this ninety (90) day period, the Restricted Seller shall not thereafter sell any Shares
without first offering such shares to the Investors in the manner provided in Section 2.1
above.

	2A  	 	RIGHT OF FIRST REFUSAL WITH RESPECT TO INVESTORS1 PREFERRED SHARES.

     2A.1 Preferred Notice of Sale. If any Investor (save for Intel and IFC, but including
their respective assignees) (the “Preferred Seller”) proposes to sell or transfer any Series A
Preferred Shares, Series A-1 Preferred Shares Series B Preferred Shares, and/or Series C Preferred
Shares held by such Preferred Seller (the “Preferred Transfer Shares”), then the Preferred Seller
may not sell or transfer any such Preferred Transfer Shares unless it complies with this
Section 2A.1. The Preferred Seller shall promptly give written notice (the “Original
Preferred Transfer Notice”) to the Company and to the other Investors (save for Intel and IFC, but
including their respective assignees) describing in reasonable detail the proposed sale or
transfer including, without limitation, the number of Preferred Transfer Shares, the nature of
such sale or transfer, the consideration to be paid, and the name and the address of each
prospective purchaser or transferee.

     2A.2
Reply Notice. Each Investor (save for Intel and IFC, but including their
respective assignees) who wishes to purchase Preferred Transfer Shares (each, an “Exercising
Investor”) shall have twenty (20) days from the date of receipt of the Original Preferred
Transfer Notice to provide the Preferred Seller and the Company with a written notice (a “Reply
Notice”) specifying the maximum number of any Preferred Transfer Shares which it irrevocably
commits to purchase (the “Exercise Amount”) A failure by an Investor to respond within such twenty
(20) day period (the “Reply Period”) shall be deemed to constitute a decision by such Investor not
to exercise its right to purchase all or any of the Preferred Transfer Shares as provided herein.
For the avoidance of doubt, each Exercising Investor may specify in its Reply Notice an Exercise
Amount higher or lower man its Proportionate Amount (as defined in Section 2A.4) The
Preferred Transfer Shares shall be allocated among each Exercising Investor (with rounding to
avoid fractional shares) in proportion to its respective Proportionate Amount and on the same
material terms and conditions as specified in the Original Preferred Transfer Notice provided,
however, that in no event shall an amount greater that such Exercising Investor’s Exercise Amount
be allocated to such Exercising Investor.

     2A.3 Excess Preferred Transfer Shares. Any Preferred Transfer Shares not yet allocated
to the Exercising Investors after employing the procedures set out in Section 2A.2 (“Excess
Preferred Transfer Shares”) shall be allocated, among all such Exercising Investors whose Exercise
Amounts have not yet been satisfied, on proportion to each such Exercising Investor’s respective
Excess Proportionate Amount (as defined in Section 2A.5) (with rounding to avoid fractional shares)
provided, however, that in no event shall an Exercising Investor be required to purchase more
Preferred Transfer Shares pursuant to this Section 2A.3 than the Exercise Amount specified
by such Exercising Investor in its Reply Notice. The procedures set out in this Section 2A.3
shall be repeatedly

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employed until the Exercise Amounts of all such Exercising Investors shall have been satisfied or
until the total number of the Preferred Transfer Shares shall have been fully allocated to the
Exercising Investors after employing the procedures set out herein,
whichever occurs first. An
Exercising Investor’s right to purchase any Preferred Transfer Shares pursuant to this Section
2A.3 shall be subject to Section 2A.7.

     2A.4
Proportionate Amount. An Exercising Investor’s “Proportionate Amount” is equal to
the product obtainable by multiplying (x) the total number of Preferred Transfer Shares, by (y)
a fraction the numerator of which shall be the number of Common Share Equivalents owned by such
Exercising Investor on the date of the Original Preferred Transfer Notice and the denominator of
which shall be the aggregate number of all Common Shares Equivalents owned by all Exercising
Investors on the date of the Original Preferred Transfer Notice.

     2A.5
Excess Proportionate Amount. An Exercising Investor’s
“Excess Proportionate
Amount” is equal to the product obtainable by multiplying (x) the total number of Excess Preferred
Transfer Shares, by (y) a fraction, the numerator of which shall be the number of Common Share
Equivalents owned by such Exercising Investor on the date of the Original Preferred Transfer
Notice and the denominator of which shall be the aggregate number of Common Share Equivalents
owned by all the Exercising Investors on the date of the Original Preferred Transfer Notice whose
Exercise Amount has not yet been satisfied after employing the procedures set out herein.

     2A.6
Exercise by Common Shareholders. If not all of the Preferred Transfer Shares
being offered by a Preferred Seller are allocated to the Exercising Investors after employing the
procedures set forth in Sections 2A.2 and 2A.3, such Preferred Seller shall offer any such
remaining Preferred Transfer Shares (the “Remaining Preferred Transfer Shares”) to holders of the
Company’s Common Shares as set forth herein The Preferred Seller shall within ten (10) days
expiration of the Reply Period, give written notice (the “Second Preferred Transfer Notice”) to the
Company, the Investors (save for Intel and IFC, but including their respective assignees) and to
all holders of the Company’s Common Shares describing in
reasonable detail, the proposed sale or
transfer, including without limitation, the Investors who acquired Preferred Transfer Shares in
accordance with the procedures set forth in this Section 2A the number of Remaining
Preferred Transfer Shares, the nature of such sale or transfer, the consideration to be paid, and
the name and address of each prospective purchaser or transferee and other terms not more
favorable than as specified in the Original Preferred Transfer Notice. Each holder of Company
Common Shares (save for Intel and IFC, but including their respective assignees) who wishes to
purchase the Remaining Preferred Transfer Shares (each, an “Exercising Common Shareholder”), shall
have ten (10) days from me date of receipt of the Second Preferred Transfer Notice to provide the
Preferred Seller and the Company with a written notice (“Common Shareholder Reply Notice”)
specifying the maximum number of any Remaining Preferred Transfer Shares which it irrevocably
commits to purchase which shall in no event exceed such holder’s
“Proportionate Share” (as defined
herein). A failure by such holder of Common Shares to respond within such ten (10) day period
shall be deemed to constitute a decision by such holder of Common Shares not to exercise its right
to purchase any Remaining Preferred Transfer Shares as provided
herein. The “Proportionate Share”
of Preferred Transfer Shares proposed to be transferred with respect to any Exercising Common
Shareholder shall mean the specified quantity of Remaining Preferred Transfer Shares multiplied by
a fraction equal to (i) the total number of Common Share Equivalents held by such holder of Common
Shares on the date of the Second Preferred Transfer Notice divided by (ii) the total number of
Common Share equivalents outstanding on the dale of the Second Preferred Transfer Notice.

     2A.7
Transfer to Third Parties. if not all of the Preferred Transfer Shares being
offered by a Preferred Seller are allocated to holders of Preferred Shares and/or Common Shares as
set forth in Sections 2A.1 through 2A.6, such Preferred Seller may sell all such Preferred Transfer
Shares to the proposed transferee as specified in the Original Preferred Transfer Notice on terms
not more favourable than as specified in the Original Preferred Transfer Notice within one hundred
twenty (120) days from the date of delivery of the Preferred Transfer Notice. In the event that
the Preferred Seller has not sold the Preferred Transfer Shares within this one hundred twenty
(120) day period, the Preferred Seller shall not thereafter sell any Shares without first offering
such shares to the Investors (save for Intel and IFC, but including their respective assignees) or
the holders of Common Shares in the manner provided in this
Section 2A.

     2A.8
Intel and IFC. For clarification only, the provisions of this
Section 2A shall
not apply to any transfer of Preferred Shares held by Intel or IFC, but shall apply to any transfer
of Preferred Shares, held by Intel’s and IFC’s assignees. Any transfer of Preferred Shares by Intel
or IFC to a transferee (other than to an Investor or holder of Common Shares) shall be valid only
upon delivery to each of the Investors of a written representation certified by an authorized
officer of Intel or IFC, as the case may be, that such Preferred Shares are not being transferred
to any of the direct or indirect trade competitors of the Group
Companies listed on Exhibit 2A.8
attached hereto (the “List of Prohibited Transferees”) The Company shall, no later than January 31
of each year, beginning in January 2007, provide all of the Investors with an updated List of
Prohibited Transferees, which shall in no event contain more than ten entities, and which shall
upon receipt by the Investors, be deemed to replace
Exhibit 2A.8

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     2A.9 Non-Application. The provisions of this Section 2A shall not apply to
any transfer of Preferred Shares held by a Preferred Seller to its Affiliates or to any
re-purchase or redemption of Preferred Shares by the Company in accordance with the Investors’
Rights Agreement and/or the Agreed M&A

	3.	 	INVESTORS’ CO-SALE RIGHT.

     3.1
Co-Sale Right Notwithstanding Section 2.3, each Investor shall have the
right, exercisable upon
written notice to the Restricted Seller, with a copy to the Company, within thirty (30) days after
receipt of the Restricted Seller Transfer Notice (defined in Section 2.1 above), to
participate in the sale of any Restricted Seller Transfer Shares that the other Investors have not
agreed to purchase pursuant to Section 2.1 hereof, on the same terms and conditions
indicated in the Restricted Seller Transfer Notice (or the actual terms of the proposed transfer,
if more favorable to the Investor). A failure by the Investor to respond within such thirty (30)
day period shall be deemed to constitute a decision by such Investor not to exercise its right of
co-sale as provided herein. To the extent one or more of the Investors exercise such right of
participation in accordance with the terms and conditions set forth below, the number of
Restricted Seller Transfer Shares that the Restricted Seller may sell in the transaction shall be
correspondingly reduced. The foregoing co-sale right of each Investor shall be subject to the
following terms and conditions:

          (i) Each Investor may sell all or any part of its Pro Rata Co-Sale Share of
Restricted Seller Transfer Shares.

          (ii) If any Investor should sell all or any part of its Pro Rata Co-Sale Share of
Restricted Seller Transfer Shares to any third party, then the Restricted Seller may transfer or dispose of its
Shares only if such third party purchases the investor’s Shares on no less favorable terms and
conditions applicable to the Restricted Seller.

          (iii) Each Investor shall effect its participation in the sale by promptly delivering to the
Restricted Seller, with a copy to the Company, for transfer to the prospective purchaser share
certificates in respect of all Shares to be sold and a transfer form signed by the Investor, which
indicates:

               (A) the number of Common Shares which such Investor elects to sell;

               (B) that number of Preferred Shares which is at such time convertible into the number of
Common Shares that such investor elects to sell; or

               (C) any combination of the foregoing;

provided, however, that if the prospective purchaser objects to the delivery of Preferred Shares
in lieu of Common Shares, such Investor shall convert such Preferred Shares into Common Shares and
deliver Common Shares as provided in subparagraph 3.1(iii)(A) above. The Company agrees to make any
such conversion concurrent with the actual transfer of such Shares to
the purchaser.

     3.2
Procedure at Closing. The share certificate or certificates that such Investor
delivers to the Restricted Seller pursuant to paragraph 3.1(ii) shall be transferred to the
prospective purchaser in consummation of the sale of the Restricted Seller Transfer Shares pursuant
to the terms and conditions specified in the Restricted Seller Transfer Notice (or the actual terms
of the proposed transfer, if more favorable to the Investor), and the Restricted Seller shall
concurrently therewith remit to such Investor that portion of the sale proceeds to which such
Investor is entitled by reason of its participation in such sale. To the extent that any prospective
purchaser or purchasers prohibit such assignment or otherwise refuse to purchase shares or other
securities from an Investor exercising its rights of co-sale hereunder, the Restricted Seller shall
not sell to such prospective purchaser or purchasers any Shares unless and until, simultaneously
with such sales, the Restricted Seller shall purchase such shares or other securities from such
Investor. In selling their Shares pursuant to their co-sale right
hereunder, the Investors shall
not be required to give any representations or warranties with respect to their Shares to be sold
except to confirm their good title over the Shares.

     3.3 Non-Exercise. To the extent the Investors do not elect to participate in the
sale of Restricted Seller Transfer Shares subject to the Restricted Seller Transfer Notice, the Restricted Seller, not later
than ninety (90) days following delivery to the Company and each of the Investors of the
Restricted Seller Transfer Notice, may conclude a transfer of the Restricted Seller Transfer
Shares covered by the Restricted Seller Transfer Notice and not elected to be purchased by the
Shareholders, on terms and conditions not more favorable to the transferor than those described in
the Restricted Seller Transfer Notice. Any proposed transfer on terms and conditions more
favorable than those described in the Restricted Seller Transfer Notice as well as any subsequent
proposed transfer of any Shares by the

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Restricted Seller, shall again be subject to the co-sale rights of the Investors and shall require
compliance by the Restricted Seller with the procedures described in
this Section 3.

4. DRAG-ALONG RIGHTS. If, at any time within twelve (12) months after the Closing the
holders of at least fifty percent (50%) of the Preferred Shares then outstanding (voting together
as a class, on an as-converted basis) and holders of at least fifty percent (50%) of Common Shares
then outstanding (collectively, the “Selling Shareholders”), elect to sell all or substantially
all of the equity securities of the Company held by them (including Common Shares, Preferred
Shares, Warrant Shares, options, or other rights to acquire any such shares) to a third party not
affiliated with the Company or with any of the Investors (a “Trade Sale”), the Selling Shareholders
shall have the right to cause the holders of Common Shares and holders of Preferred Shares (other
than Intel and IFC, but including their respective assignees) to sell all of the then outstanding
Common Shares. Preferred Shares, Warrant Shares and all options, warrants or other rights to
acquire any such shares then held by them to such third party on the same terms and conditions as
are applicable to the sale of such equity securities held by the Selling Shareholders (the
“Drag-Along Election”). The Drag Along Election shall include the right on the part of the Selling
Shareholders to cause the holders of Common Shares and Preferred Shares (other than Intel and IFC,
but including their respective assignees) and Warrant Securities to approve a sale of assets,
merger, consolidation, share exchange or reorganization of the Company with or into any other
corporation, corporations or other entity (excluding any merger effected exclusively for the
purpose of changing the domicile of the Company), or any other transaction or series of related
transactions, in which the shareholders of the Company immediately prior to such reorganization,
merger or consolidation own less than fifty percent (50%) of the voting power of the surviving
entity, or a sale, conveyance or other disposition of all or substantially all of the assets of
the Company to a third party (each a “Sale Transaction”), provided, however, that in no event shall
a holder of Common Shares or Preferred Shares be obligated to undertake the foregoing if the
distribution of consideration received by the shareholders upon consummation of the Sale
Transaction is not in accordance with the liquidating distribution requirements set forth in the
Company’s then-current Memorandum of Association. The Selling Shareholders may exercise the
Drag-Along Election by providing written notice of such election (the “Drag-Along Notice”) to all
holders of Common Shares and Preferred Shares, including the name and address of the third party
acquirer, the aggregate purchase price to be paid by such third party purchaser, the proposed date
for the closing of such Sale Transaction, and the other material terms and conditions of such Sale
Transaction. Upon receipt of a Drag-Along Notice, each holder of Common Shares and Preferred
Shares (other than Intel and IFC, but including their respective assignees) shall execute and
deliver such instruments of conveyance and transfer and take such other action, including
executing any purchase agreements, merger agreements, indemnity agreements, escrow agreements or
related documents as the Selling Shareholders or the acquirer in such Sale Transaction may
reasonably require in order to carry out the terms and provisions of
this Section 4.

	5.	 	PROHIBITED TRANSFER

     5.1 Prohibited Transfer. In the event a Restricted Seller should sell any Shares
in disregard or contravention of the right of first refusal or co-sale rights under this Agreement (a “Prohibited
Transfer”), the Investors, in addition to such other remedies as may be available at law, in equity
or hereunder, shall have the put option provided below, and such Restricted Seller (the
“Transferring Party”) shall be bound by the applicable provisions of such option.

     5.2
Put Right. Without prejudice to any other rights and remedies available to any
Investor, in the event of a Prohibited Transfer, each Investor shall have the right to sell to the
Transferring Party the number of Common Share Equivalents equal to the number of Shares (on an as
converted basis in the case of Preferred Shares) each Investor would have been entitled to
transfer to the purchaser under Section 3.1(i) or 3.1(ii) hereof had the Prohibited Transfer been
effected pursuant to and in compliance with the terms hereof. Such sale shall be made on the
following terms and conditions:

          (i) The price per share at which the Common Share Equivalents are to be sold to the
Transferring Party shall be equal to the price per share paid by the purchaser to the Transferring
Party in the Prohibited Transfer. The Transferring Party shall also reimburse each Investor for any
and all reasonable fees and expenses, including legal fees and out-of-pocket expenses incurred
pursuant to the exercise or the attempted exercise of the Investor’s rights under Section 3
and Section 5

          (ii) Each Investor shall, if exercising the option created hereby, deliver to the
Transferring Party within thirty (30) days after the later of the dates on which the Investor (A) received
notice of the Prohibited Transfer or (B) otherwise become aware of the Prohibited Transfer, a
notice describing the number of Common Shares Equivalents to be transferred by the Investor

8

 

          (iii) The Transferring Party shall, within seven (7) Business Days upon receipt of
the notice described in subsection 5.2(ii) above from the
investor(s) exercising the option created
hereby, pay to each such Investor the aggregate purchase price for the Common Share Equivalents to
be sold by such Investor, and the amount of reimbursable fees and expenses, as specified in
subsection 5.2(i) in cash or by other means acceptable to the Investor

          (iv) Upon receipt of full payment of the amount due from the Transferring Party, the Investor
shall deliver to the Transferring Party the certificate or certificates representing Common Share
Equivalents to be sold, together with a transfer form signed by the Investor transferring such
shares. Where the Investor delivers Preferred Shares in satisfaction of the aforesaid delivery
obligation, the Company shall convert the same to Common Shares concurrent with the actual transfer
of such shares to the Transferring Party

          (v) Notwithstanding the foregoing, any attempt by a Restricted Seller to transfer
Shares in violation of Section 2 or 3 hereof shall be void, and the Company undertakes it will not
effect such a transfer nor will it treat any alleged transferee as the holder of such Shares
without the written consent of the Investors holding at least sixty-seven percent (67%) of the
Common Share Equivalents held by all Investors

     5.3 Exceptions to Share Transfer Restrictions. Any transfer by any natural Person of
any issued and outstanding shares in the Company shall be exempt from the transfer restrictions
under any Transaction Agreements, including any right of first refusal and co-sale rights, so long
as the transfer is (i) to a legal representative of such transferor upon death of such transferor
or after such transferor becomes incapacitated; (ii) by will, intestacy laws or the laws of
descent or survivorship; or (iii) pursuant to a court order upon the termination of marital
relationship of such transferor.

	6.	 	LEGEND

	6.1	 	Endorsement of Share Certificates. Each certificate representing any Shares now
or hereafter owned by a Founder or issued to any person in connection with a transfer pursuant to
Section 2 or 3 hereof shall be endorsed with the following legend:

“THE
SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SHARES
REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO CERTAIN TERMS,
CONDITIONS AND RESTRICTIONS SET FORTH IN A RIGHT OF FIRST REFUSAL
AND CO-SALE AGREEMENT BY AND BETWEEN THE HOLDER HEREOF, THE COMPANY
AND CERTAIN OTHER SHAREHOLDERS OF THE COMPANY. COPIES OF SUCH
AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF
THE COMPANY”

     6.2 Enforcement Each Shareholder agrees that the Company may instruct its transfer
agent to impose transfer restrictions on the shares represented by certificates bearing the legend referred to in
Section 6.1 above to enforce the provisions of this Agreement and the Company agrees to do so
promptly. The legend shall be removed upon termination of this Agreement.

	7.	 	[intentionally omitted].

	8.	 	MISCELLANEOUS

     8.1 Governing Law. This Agreement shall be governed by and construed under the laws
of the State of New York, without regard to conflict of law principles.

     8.2 Amendment. Any provision of this Agreement may be amended (either generally or in
a particular instance and either retroactively or prospectively) only with the written consents of
each of the Company, Investors holding a majority of the Preferred Shares then outstanding, and the
Restricted Sellers holding a majority of the outstanding Common Shares held by all Restricted
Sellers: provided, however, that no amendment shall be effective or enforceable in respect of
Investors of any particular class of Preferred Shares of the Company if such amendment (i)
materially and adversely affects the rights of such class of Preferred Shares and does not
materially and adversely affect the rights or all other classes of Preferred Shares of the Company
in the same manner, and (ii) is not consented to in writing by Investors holding not less than
fifty percent (50%) of such affected class of Preferred Shares of the
Company. Any amendment or
waiver effected in accordance with this Section 8.2 shall be binding upon the Company, each
Investor, each Restricted Seller, and their respective successors in interest; provided, however,
that any Investor may waive any of its rights hereunder without obtaining the consent of any other
Investor. The Company

9

 

and any transferor shareholder shall cause any transferee of any shares in the Company that is not
already a party to this Agreement and any future shareholder of the Company to execute a Joinder
Agreement. Upon execution of such Joinder Agreement by such transferee provided, however, the
transfer or issuance of such shares shall not have been made in contravention of this Agreement or
applicable laws, such transferee shall be entitled to the rights and subject to the obligations of
the transferor shareholder hereunder in respect of the shares transferred to such transferee.

     Notwithstanding
anything to the contrary in this Section 8.2:

     (A) no amendment to this Agreement shall be effective or enforceable against an Investor that
does not consent to such amendment unless: (i) sufficient and adequate written notice describing
the proposed amendment has been provided to such Investor at least five (5) Business Days prior to
such amendment; and (ii) a copy of the final executed version of the amendment has been provided to
such Investor within twenty (20) Business Days after such amendment.

     (B) an amendment to this Agreement shall not be effective or enforceable in respect of any
particular Investor if such amendment: (i) materially and adversely affects the rights of such
Investor and does not materially and adversely affect the rights of all of the other Investors in
the same manner; or (ii) imposes any material obligation or liability on such Investor; and
provided further, that such Investor delivers a duly issued written notice to each of the other
Investors stating its objection to the amendment within ten (10) Business Days after the date on
which a copy of the final executed version of the amendment is provided to such investor.

     8.3
Assignment of Rights. This Agreement and the rights and obligations of the parties
hereunder shall inure to the benefit of, and be binding upon, their respective successors
permitted assigns and legal representatives. The rights of the Investors hereunder are fully
assignable to any person who holds or is acquiring Series A Preferred Shares, Series A-1 Preferred
Shares, Series B Preferred Shares, and/or Series C Preferred Shares in accordance with this
Agreement; provided, however that the Company is given written notice at the time of such
assignment stating the name and address of the assignee and identifying the securities of the
Company as to which the rights in question are being assigned; and provided further, that any such
assignee shall receive such assigned rights subject to all the terms and conditions of this
Agreement, including without limitation the provisions of this
Section 8.3. and agree to
abide by this Agreement by executing a Joinder Agreement.

     8.4 Termination. The rights and obligations of the shareholders set forth in this
Agreement shall terminate upon the earlier of (i) the
consummation of a Qualified IPO, (ii) the
closing of a sale of all or substantially all of the Company’s assets or the acquisition of the
Company by another entity by means of merger or consolidation resulting in the exchange of the
outstanding shares of the Company’s shares for securities issued or other consideration paid, or
caused to be issued or paid, by the acquiring entity or its subsidiary approved by the Investors as
required under Section 6 (Protective Provisions) of the Investors’ Rights Agreement, or
(iii) the date on which this Agreement is terminated by operation of law or the occurrence
of an Exchange Act Registration provided, however that upon the transfer by any shareholder of all
securities in the Company owned by it in accordance with the provisions hereof, such shareholder
shall automatically cease to be a party to this Agreement and shall have no further rights or
obligations hereunder and provided further, that any termination pursuant hereto shall be without
prejudice to any accrued rights and liabilities of the parties.

     8.5 Ownership. Each Restricted Seller and Investor severally (and not jointly)
represents and warrants that the Restricted Seller or Investor as the case may be. is the sole
legal and beneficial owner of the Shares presently held of record by such Restricted Seller or
Investor as the case may be and that no other person has any interest in such Shares.

     8.6
Notice. Except as may be otherwise provided herein, all notices, requests, waivers
and other communications made pursuant to this Agreement shall be in writing and in English and
shall be conclusively deemed to have been duly given (i) when hand delivered to the other party;
(ii) when sent by facsimile at the address and number set forth below upon successful transmission
report being generated by sender’s machine; (iii) three (3) Business Days after deposit with an
international overnight delivery service, postage prepaid, addressed to the parties as set forth
below with next-business-day delivery guaranteed, provided that the sending party receives a
confirmation of delivery from the delivery service provider; or (iv) in all other cases, upon
actual receipt by the addressee, with the burden of proof of receipt upon the sender

10

 

	 	 	 

	To
the Company:

	 	To the Restricted Sellers:
	 
	 	 
	No. 35, Qixianling Industrial Base Hi-tech Zone

Dalian, China

Attn: Linda Kou

	 	The addresses set forth next to each Restricted Seller
on Schedule 1 (Schedule of Restricted Sellers)
	 
	 	 
	Fax Number: 86-411-84791350
	 	 
	Tel Number: 86-411-84791666-8252
	 	 
	 
	 	 
	With a copy to:
	 	 
	 
	 	 
	O’Melveny & Myers LLP
	 	 
	37th Floor Plaza 66, 1266 Nanjing Road West,
	 	 
	Shanghai
200040, P R C
	 	 
	Attn: Kurt Barney Esq.
	 	 
	 
	 	 
	Fax
Number: 86-21-23077300
	 	 
	Tel Number: 86-21-23077000
	 	 
	 
	 	 
	To an
Investor:
	 	 
	 
	 	 
	The addresses set forth next to each Investor on
Schedule 2 (List of Investors and Addresses for
Notices)
	 	 

	Each person making a communication hereunder by facsimile shall promptly confirm by
telephone to the person to whom such communication was addressed each communication made
by it by facsimile pursuant hereto but the absence of such confirmation shall not affect
the validity of any such communication A party may change or supplement the addressee
given above, or designate additional addresses, for purposes of this Section 8.6
by giving the other party written notice of the new address in the manner set forth above

Each person making a communication hereunder by facsimile shall promptly confirm by telephone to the
person to whom such communication was addressed each communication made by it by facsimile pursuant
hereto but the absence of such confirmation shall not affect the validity of any such communication. A
party may change or supplement the addresses given above , or  designate additional addresses, for
purposes of this Section 8.6 by giving the other party written notice of the new address in the
manner set forth above

     8.7
Severability. In the event one or more of the provisions of this
Agreement should, for any reason, be held to be invalid, illegal or unenforceable in any
respect, such invalidity. Illegality or unenforceability shall not affect any other
provisions of this Agreement and this Agreement shall be construed as if such invalid
illegal or unenforceable provision had never been contained herein

     8.8
Counterparts. This Agreement may be executed in two or more counterparts
each of which shall be deemed an original but all of which together shall constitute one
and the same instruments

     8.9
Share Split. Wherever in this Agreement there is a reference to a specific
number or percentage of the Shares, the Preferred Shares and/or Common Shares, then, upon the occurrence of any
share subdivision, share split, combination, reclassification, merger, consolidation,
reorganization, recapitalization or share dividend of the Shares, Preferred Shares and/or
Common Shares, as applicable, the specific number of shares so referenced in this
Agreement shall automatically be proportionally adjusted to reflect the effect on the
outstanding shares of such class or series of share by such event

     8.10
Aggregation of Rights. All Common Shares, Preferred Shares, Common
Shares Equivalents held or acquired by any Investor and its Affiliate or held of acquired
by any Founder and its Affiliate shall be aggregated together for the purpose of
determining the availability of any rights under this Agreement.

     8.11
Entire Agreement; Prior Agreements; Conflicts. This Agreement, together
with all the exhibits and schedules hereto, constitutes and contains the entire agreement
and understanding of the parties with respect to the subject matter hereof and supersedes
any and all prior negotiations, correspondence agreements, understandings, duties or
obligations between the parties respecting the subject matter hereof. In the event of any
conflicts with the Agreed M&A the provisions of this Agreement
shall prevail.

     8.12 Dispute Resolution.

11

 

          (a) Negotiation Between Parties; Mediations. The parties agree to negotiate in
good faith to resolve any dispute between them regarding this Agreement if the negotiations do not
resolve the dispute to the reasonable satisfaction of both parties then each party that is a
company, shall nominate one authorized senior officer as its representative. The parties or their
representatives, as the case may be, shall, within thirty (30) days of a written request by either
party to call such a meeting, meet in person and alone (except for one assistant for each party)
and shall attempt in good faith to resolve the dispute. If the dispute cannot be resolved by such
senior managers in such meeting, the parties agree that they shall, if requested in writing by
either party, meet within thirty (30) days after such written notification for one day with an
impartial mediator and consider dispute resolution alternatives other than formal arbitration. If
an alternative method of dispute resolution is not agreed upon within thirty (30) days after the
one day mediation, either party may begin formal arbitration proceedings to be conducted in
accordance with subsection (b) below. This procedure shall be a prerequisite before
taking any additional action hereunder.

          (b) Arbitration. In the event the parties are unable to settle a dispute between them
regarding this Agreement in accordance with subsection (a) above, such dispute shall be
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 subsection (b), subject to the
following: The arbitration tribunal shall consist of one arbitrator to be appointed according to
the UNCITRAL Rules by HKIAC. The language of the arbitration shall be English Notwithstanding
anything in this Agreement 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 Investor 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 Investor 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.

          IFC’s submission to arbitration in accordance with the provisions of this Clause 8.12(b) does
not constitute a waiver of any of its immunities under its Articles of Agreement the International
Organization Immunities Act the International Finance Corporation Act or any other applicable law

     8.13 Investor Rights

          (a) Any rights of JAFCO under this Agreement may, without prejudice to the rights of JAFCO to
exercise any such rights, be exercised by JAFCO Investment (Asia Pacific) Ltd (“JIAP”) or any
other fund manager of JAFCO or their nominees (“JAFCO Manager”), unless JAFCO has (i) given notice
to the other parties that any such rights cannot be exercised by JIAP or a JAFCO Manager, and (ii)
not given notice to the other parties that such notice which is given under this Section
8.13 has been revoked.

          (b) Any rights of Granite under this Agreement may, without prejudice to the rights of
Granite to exercise any such rights, be exercised by any fund manager of Granite or its nominees
(“Granite Manager”), unless Granite has (i) given notice to the other parties that any such
rights cannot be exercised by a Granite Manager; and (ii) not given notice to the other parties
that such notice which is given under this Section 8.13 has been revoked.

          (c) Any rights of IFC under this Agreement may, without prejudice to the rights of IFC to
exercise any such rights, be exercised by a fund manager of IFC or its nominees (“IFC Manager”),
unless IFC has (i) given notice to the other parties that any such rights cannot be exercised by
an IFC Manager; and (ii) not given notice to the other parties that such notice which is given
under this Section 8.13 has been revoked

          (d) Any rights of Sumitomo under this Agreement may, without prejudice to the rights of
Sumitomo to exercise any such rights, be exercised by any fund manager of Sumitomo or its nominees
(“Sumitomo Manager”), unless Sumitomo has (i) given notice to the other parties that any such
rights cannot be exercised by a Sumitomo Manager; and (ii) not given notice to the other parties
that such notice which is given under this Section 8.13 has been revoked

          (e) Any rights of Mitsubishi under this Agreement may, without prejudice to the rights of
Mitsubishi to exercise any such rights, be exercised by any fund manager of Mitsubishi or its
nominees (“Mitsubishi Manager”), unless Mitsubishi has (i) given notice to the other parties that
any such rights cannot he exercised by a Mitsubishi Manager; and (ii) not given notice to the
other parties that such notice which is given under this Section 8.13 has bean revoked

12

 

          (f) Any rights of DFJ under this Agreement may, without prejudice to the rights of DFJ to
exercise any such rights, be exercised by any fund manager of DFJ or its nominees (“DFJ Manager”),
unless DFJ has (i) given notice to the other parties that any such rights cannot be exercised by a
DFJ Manager; and (ii) not given notice to the other parties that such notice which is given under
this Section 8.13 has been revoked

          (g) Any rights of Laoniu under this Agreement may without prejudice to the rights of Laoniu
to exercise any such rights, be exercised by any fund manager of Laoniu or its nominees (“Laoniu
Manager”) unless Laoniu has (i) given notice to the other parties that any such rights cannot be
exercised by a Laoniu Manager; and (ii) not given notice to the other parties that such notice
which is given under this Section 8.13 has been revoked

     8.14 Language. This Agreement and all other Transaction Agreements are entered into in
English only. Any Chinese translation of the Transaction Agreements is for reference only and shall
not be a legally binding document. Accordingly, the English version will prevail in the event of
any inconsistency between the English and any Chinese translations thereof. The Company
acknowledges that it has consulted with legal counsel with respect to the English version of this
Agreement and that it fully understands its terms.

     8.15 Effective Date. This Agreement shall take effect subject to and immediately
following the Closing from and as of the Closing Date

[Signature pages follow]

13

 

     IN WITNESS WHEREOF, the parties hereto have executed this Second Amended and Restated
Right of First Refusal and Co-Sale Agreement as of the day and year herein above first written

THE COMPANY:

HiSoft Technology International Limited

	 	 	 	 	 

	By

Print Name:

	 	/s/ Loh Tiak Koon
 

Loh Tiak Koon
	 	 
	Title:

	 	CEO & Director	 	 

SIGNATURE PAGE FOR

HISOFT TECHNOLOGY INTERNATIONAL LIMITED

SECOND AMENDED AND RESTATED RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT

 

 

INVESTORS:

	 	 	 	 	 	 	 	 	 	 	 

	JAFCO Asia Technology Fund II	 	 	 	Granite Global Ventures (Q.P.) L.P.	 	 
	(as a Series A and Series B Investor only)	 	 	 	(as a Series A, Series B and Series C investor)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	/s/ Vincent Chan Chun Hung
 

Print Name: Vincent Chan Chun Hung
	 	 
	 	By
	 	/s/ Thomas Ng
 

Print Name: Thomas Ng
	 	 
	 

	 	Title: Attorney
	 	 	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Intel Capital (Cayman) Corporation	 	 	 	Granite Global Ventures L.P.	 	 
	(as a Series A and Series B Investor only)	 	 	 	(as a Series A Series B and Series C Investor)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	/s/ Michael J Scown
 

Print Name: Michael J Scown
	 	 
	 	By
	 	/s/ Thomas Ng
 

Print Name: Thomas Ng
	 	 
	 

	 	Title: Authorised Signatory
	 	 	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Granite Global Ventures II L.P.	 	 	 	GGV II Entrepreneurs Fund L.P.	 	 
	(as a Series B and Series C Investor only)	 	 	 	(as a Series B and Series C Investor only)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	/s/ Thomas Ng
 

Print Name: Thomas Ng
	 	 
	 	By
	 	/s/ Thomas Ng
 

Print Name: Thomas Ng
	 	 
	 

	 	Title:
	 	 	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	International Finance Corporation	 	 	 	Sumitomo Corporation Equity Asia Limited	 	 
	(as a Series A, Series B and Series C Investor)	 	 	 	(as a Series B and Series C Investor only)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	/s/ Kent E. Lupberger
 

Print Name: Kent E. Lupberger
	 	 
	 	By
	 	/s/ Tsuyoshi KONDA
 

Print Name: Tsuyoshi KONDA
	 	 
	 

	 	Title: Senior Manager
	 	 	 	 	 	Title: Managing Director	 	 

SIGNATURE PAGE FOR

HISOFT TECHNOLOGY INTERNATIONAL LIMITED

SECOND AMENDED AND RESTATED RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT

 

 

The Greater China Trust, managed by Mitsubishi UFJ

Securities (HK) Capital, Ltd.

(as a Series B Investor only)

By: Butterfield Bank (Cayman) Limited, solely as

trustee of The Greater China Trust

	 	 	 	 	 

	By

	 		 	 
	 	 	Print Name:

	 	 
	 	 	Title:
	 	 

	 	 	 	 	 	 	 	 	 	 	 

	Draper Fisher Jurvetson ePlanet Ventures L.P.

(as a Series B and Series C Investor only)	 	 	 	Draper Fisher Jurvetson ePlanet Ventures
GmbH & Co. KG	 	 
	 	 	 	(as a Series B and Series C Investor only)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	/s/ John Fisher
 

Print Name: John Fisher
	 	 
	 	By
	 	/s/ John Fisher
 

Print Name: John Fisher
	 	 
	 

	 	Title: Managing Director
	 	 	 	 	 	Title: Managing Director	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Draper Fisher Jurvetson ePlanet Partners Fund, LLC	 	 	 	Laoniu Investment Limited Co.	 	 
	(as a Series B and Series C Investor only)	 	 	 	(as a Series C Investor only)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	/s/ John Fisher
 

Print Name: John Fisher
	 	 
	 	By
	 	/s/ Brendan Li Executed on Aug 17, 2007
 

Print Name: Brendan Li
	 	 
	 

	 	Title: Managing  Member
	 	 	 	 	 	Title: Managing Director	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	GE Capital Equity Investments Ltd.	 	 	 	Kornhill Consulting Ltd.	 	 
	(as a Series C Investor Only)	 	 	 	(as a Series C Investor only)	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	/s/ Mark Chen
 

Print Name: Mark Chen
	 	 
	 	By
	 	/s/ Chan Leung Ngaz
 

Print Name: Chan Leung Ngaz
	 	 
	 

	 	Title: Managing Director
	 	 	 	 	 	Title: Director	 	 

SIGNATURE PAGE FOR

HISOFT TECHNOLOGY INTERNATIONAL LIMITED

SECOND AMENDED AND RESTATED RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT

 

 

RESTRICTED SELLERS:

	 	 	 	 	 	 	 	 	 	 	 

	Kaiki Inc.	 	 	 	Tian Hai International Limited	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By

	 	 	 	 
	 	By /s/ Sun Yong Ji
	 	 
	 

	 	 
	 	 

	 	 
	Print Name:

	 	 

	 	 
	 	Print Name:
	 	Sun Yong Ji
	 	 
	Title:

	 	 	 	 	 	Title:
	 	Director	 	 
	 

	 	 	 	 	 	 	 	2007-7-27	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	HSI Holdings LLC	 	 	 	 	 	 	 	 

	 	 	 	 	 

	By

	 		 	 
	Print Name:

	 	 	 
	Title:
	 	 	 	 

SIGNATURE PAGE FOR

HISOFT TECHNOLOGY INTERNATIONAL LIMITED

SECOND AMENDED AND RESTATED RIGHT OF FIRST REFUSAL AND CO-SALE AGREEMENT

 

 

Schedule 1

Schedule of Restricted Sellers

	 	 	 
	Name of Restricted Seller	 	Address for Notices
	Kaiki Inc

	 	C/O: HiSoft Technology (Dalian) Co Ltd
	 

	 	No. 35, Qixianling Industrial Base, Hi-tech Zone
	 

	 	Dalian Liaoning Province
	 

	 	P.R.C
	 

	 	Attn: Linda Kou
	 
	 	 
	 

	 	Fax Number: 86-411-84791350
	 

	 	Tel Number: 86-411-8479 1666-8252
	 
	 	 
	Tian Hai International Limited

	 	C/O HiSoft Services (Beijing) Ltd.
	 

	 	1/F Dascom Building, No 9 Sang Dl East Road
	 

	 	Beijing 100085
	 

	 	P.R.C.
	 

	 	Attn:
	 
	 	 
	 

	 	Tel: 86-10-82782892
	 

	 	Fax Number: 86-10-82783467
	 
	 	 
	HSI Holdings LLC

	 	18300 Von Karman Ave. Ste 620
	 

	 	Irvine CA 92612
	 

	 	U.S.A.
	 

	 	Attn: George Wu
	 
	 	 
	 

	 	Tel Number: 001-949-250-7310
	 

	 	Fax Number: 001-949-250-7314

 

 

Schedule 2 

List of investors and Addresses for Notices

	 	 	 
	Name of investor	 	Address for Notices
	JAFCO Asia Technology Fund II

	 	c/o JAFCO investment (Asia Pacific) Ltd
	 

	 	6 Battery Road
	 

	 	#42-01 Singapore 049909
	 

	 	Fax Number: +65 6221-3690
	 

	 	Attn: The President
	 
	 	 
	 

	 	With a copy to:
	 

	 	JAFCO investment (Hong Kong) Ltd.
	 

	 	30/F, Two International Finance Centre
	 

	 	8 Finance Street
	 

	 	Central Hong Kong
	 

	 	Fax Number: +852 2536-1979
	 

	 	Attn: General Manager
	 
	 	 
	Granite Global Ventures (Q P ) L P., Granite Global

	 	2494 Sand Hill Road, Suite 100
	Ventures L P , Granite Global Ventures II L P GGV II

	 	Menlo Park, CA 94025
	Entrepreneurs Fund L P.

	 	Attn: Stephen Hyndman
	 

	 	Fax Number: +1-650-475-2151
	 
	 	 
	 

	 	With a copy to:
	 
	 	 
	 

	 	Unit 3503, K. Wah Center
	 

	 	1010 Huaihai Zhong Road
	 

	 	Shanghai 200031 PRC
	 

	 	Attn: Jenny Lee
	 

	 	Fax Number: +86-21-5404-7667
	 
	 	 
	Intel Capital (Cayman) Corporation (formerly known as Intel Capital Corporation)

	 	Intel Capital (Cayman) Corporation 
c/o Intel Semiconductor Ltd
	 

	 	32/F, Two Pacific Place
	 

	 	88 Queensway, Central, Hong Kong
	 

	 	Attn: APAC Portfolio Manager
	 

	 	Fax: +852 2240-3255
	 
	 	 
	 

	 	With an e-mail copy in pdf format to
	 

	 	apacportfolio@intel.com
	 
	 	 
	 

	 	With a further copy to:
	 
	 	 
	 

	 	2200 Mission College Blvd.
	 

	 	Santa Clara, CA 95052
	 

	 	Attn: Intel Capital Portfolio Manager
	 

	 	Fax: 1-408-765-6038
	 

	 	Email: portfolio.manager@intel.com
	 
	 	 
	International Finance Corporation

	 	International Finance Corporation
	 

	 	2121 Pennsylvania Avenue, N W
	 

	 	Washington, D.C 20433
	 

	 	USA
	 

	 	Fax Number: +1-202-522-7464
	 

	 	Attention: Director Global Information and
	 

	 	Communication Technologies Department
	 
	 	 
	The Greater China Trust, a trust duly organized

	 	Butterfield Bank (Cayman) Limited
	and existing under the laws of the Cayman Islands,

	 	c/o RBC Dexia Trust Services Hong Kong Limited
	managed by Mitsubishi UFJ Securities (HK) Capital.

	 	51st Floor Central Plaza
	Ltd

	 	18 Harbour Road, Wanchai, Hong Kong, S.A.R.

 

 

	 	 	 

	 

	 	Fax Number: +852-2522-3785
	 

	 	Attn: Ms Anny Wong
	 
	 	 
	 

	 	With a copy to:
	 

	 	Mitsubishi UFJ Securities (HK) Capital, Limited
	 

	 	11/F, AIG Tower 1 Connaught Road, Central
	 

	 	Hong Kong, S A R
	 
	 	 
	 

	 	Fax Number +852-2865-6214
	 

	 	Attn: Mr. Jun Otsuka
	 

	 	Email: otsuka@hk.sc.mufg.jp
	 
	 	 
	Sumitomo Corporation Equity Asia Limited

	 	Suite 602, 6th Floor
	 

	 	One International Finance Centre
	 

	 	One Harbour View Street
	 

	 	Central, Hong Kong
	 

	 	Fax Number: +852-2295-0600
	 
	 	 
	Draper Fisher Jurveison ePIanet Ventures

	 	2113, Tower 1, China World Trade Center
	L.P., Draper Fisher Jurvetson ePIanet Ventures

	 	No. 1 Jianguomenwal Avenue
	GmbH & Co KG, Draper Fisher Jurvetson ePlanet

	 	Beijing 100004 PRC
	Partners Fund LLC

	 	Attn: Alvin Sun
	 

	 	Fax Number: +8610-6505-9395
	 
	 	 
	 

	 	With a copy to:
	 
	 	 
	 

	 	Draper Fisher Jurvetson
	 

	 	2882 Sand Hill Road
	 

	 	Suite 50
	 

	 	Menlo Park, CA 94025
	 

	 	Fax Number: 650-223-9233
	 

	 	Attn: Mr Mark Greenstein
	 
	 	 
	GE Capital Equity Investments Ltd

	 	201 Merritt 7
	 

	 	Norwalk, CT 06856
	 

	 	U.S.A.
	 

	 	Attn: General Counsel
	 

	 	With a copy to:
	 
	 	 
	 

	 	33/F, One Exchange Square
	 

	 	Central, Hong Kong
	 

	 	Attn: General Counsel
	 
	 	 
	Laoniu Investment Limited Co

	 	Chong’er Investment and Consultancy Co Ltd
	 

	 	23/F, Tower 3, Xihuan Plaza
	 

	 	No. 1, Xizhimenwai Street,
	 

	 	Xicheng District, Beijing, 100044
	 

	 	P.R C.
	 

	 	Attn: Brendan LI
	 
	 	 
	Kornhill Consulting Ltd

	 	c/o HiSoft Technology International Limited
	 

	 	Suite 702, Block B,
	 

	 	Horizon International Tower
	 

	 	No. 6 Zhichun Road, Haidian District
	 

	 	Beijing, P R C.
	 

	 	Fax Number: +86-10-8280-0505
	 

	 	Attn: Eddie Chan

 

 

EXHIBIT 2A.8

LIST OF PROHIBITED TRANSFEREES*

	1	 	Worksoft
	 
	2	 	Beyondsoft
	 
	3	 	Camelot
	 
	4	 	Sinocom
	 
	5	 	Chinasoft
	 
	6	 	Freeborders
	 
	7	 	DHC
	 
	8	 	Neusoft
	 
	9	 	Augmentum
	 
	10	 	ISoftstone
	 
	11	 	Achievo

 

			
	*	 	Each entity listed herein shall be deemed to include such entity’s Affiliatesexv4w8

Exhibit 4.8

HISOFT TECHNOLOGY INTERNATIONAL LIMITED

THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT

     This THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT (this “Agreement”) is entered into
as of  March 15 , 2010, among:

     HiSoft Technology International Limited, a Cayman Islands exempted company (the “Company”),

     the persons listed on the Schedule of Restricted Parties attached hereto as Schedule 1
(each a “Restricted Party,” and collectively, the “Restricted Parties”) on the one hand,

     and the following entities (each an “Investor” and together, the “Investors”) on the other:

     JAFCO Asia Technology Fund II, a Cayman Islands company (“JAFCO”),

     Intel Capital (Cayman) Corporation (formerly known as Intel Capital Corporation), a Cayman
Islands company (“Intel”),

     Granite Global Ventures (Q.P.) L.P., a Delaware (U.S.A.) limited partnership (“Granite QP”),

     Granite Global Ventures L.P., a Delaware (U.S.A.) limited partnership (“Granite”),

     Granite Global Ventures II L.P., a Delaware (U.S.A.) limited partnership (“Granite II”),

     GGV II Entrepreneurs Fund L.P., a Delaware (U.S.A.) limited partnership (“GGV II”),

     Sumitomo Corporation Equity Asia Limited, a company incorporated in Hong Kong (“Sumitomo”),

     International Finance Corporation, an international organization established by the Articles
of Agreement among its member countries, including the PRC (“IFC”),

     The Greater China Trust, a trust duly organized and existing under the laws of the Cayman
Islands, managed by Mitsubishi UFJ Securities (HK) Capital, Limited (“Mitsubishi”),

     Draper Fisher Jurvetson ePlanet Ventures L.P., a limited partnership organized and existing
under the laws of the Cayman Islands (“DFJLP”),

     Draper Fisher Jurvetson ePlanet Ventures GmbH & Co. KG, a company organized under the laws of
Germany (“DFJ GmbH”),

     Draper Fisher Jurvetson ePlanet Partners Fund, LLC, a limited liability company organized
under the laws of the State of California (“DFJ Partners,” together with DFJLP and DFJ GmbH,
“DFJ”), and

     GE Capital Equity Investments Ltd., a company organized under the laws of Cayman Islands
(“GE”),

     Kornhill Consulting LTD, a company incorporated under the laws of British Virgin Islands
(“Kornhill”), and

     Laoniu Investment Company Limited, a company organized under the laws of Mauritius (“Laoniu”).

R E C I T A L S

     Certain of the Investors have previously purchased from the Company, and the Company has sold
to such Investors, Series A Preferred Shares and certain warrants to purchase additional Series A
Preferred Shares and Series A-1 Preferred Shares, Series B Preferred Shares of the Company and/or
Series C Preferred Shares of the Company on the terms and conditions set forth in that certain
Series A Preferred Share Purchase Agreement dated as of July 28, 2004 (the “Series A Share Purchase
Agreement”) among the Company, HiSoft Dalian, Haihui Dalian, certain of the Investors and certain
other entities and individuals, that certain Series B Preferred Share Purchase

 

 

Agreement dated as of June 30, 2006, as amended and restated as of April 30, 2007 (the “Series
B Share Purchase Agreement”) among the Company, HiSoft Dalian, Haihui Dalian, certain of the
Investors and certain other entities and individuals, and that certain Series C Preferred Share
Purchase Agreement dated as of July 19, 2007 (the “Series C Share Purchase Agreement”) among the
Company and certain of the Investors.

     In conjunction with the consummation of the transactions contemplated by the Series A Share
Purchase Agreement, the Series B Share Purchase Agreement and the Series C Share Purchase
Agreement, the parties thereto entered into that certain Investors’ Rights Agreement, dated as of
July 28, 2004, as amended by the Accession Agreement, dated as of October 18, 2004, by and among
the Company, the Series A Investors, and certain other entities and individuals, and as further
amended and restated by that certain Amended and Restated Investors’ Rights Agreement, dated as of
June 30, 2006, by and among the Company, the Series A Investors, the Series B Investors, and
certain other entities and individuals, and as further amended and restated by that certain Second
Amended and Restated Investors’ Rights Agreement, dated as of August 17, 2007, by and among the
Company, the Series A Investors, Series B Investors, Series C Investors and certain other entities
and individuals (the “Prior Investors’ Rights Agreement”).

     In accordance with Section 10.14 of the Prior Investors’ Rights Agreement the parties
thereto desire to amend and restate the Prior Investors’ Rights Agreement as set forth herein.

     NOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter
set forth and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree that the Prior Investors’ Rights Agreement shall be
amended and restated in its entirety as follows:

1. DEFINITIONS.

     1.1 Certain Defined Terms. As used in this Agreement, the following terms shall have
the following respective meanings:

     “Affiliate” of a Person shall mean any company, corporation, or other entity that controls, is
controlled by, or is under common control with, the specified Person, within the meaning of Rule
144 of the Securities Act.

     “Agreed M&A” shall mean the Fifth Amended and Restated Memorandum and Articles of Association
of the Company, as amended from time to time.

     “Board” shall mean the Board of Directors of the Company.

     “Business Day” shall mean any day that is not a Saturday, Sunday, legal holiday or other day
on which commercial banks are required or authorized by law to be closed in the PRC, Singapore,
Hong Kong or New York.

     “BVI Subsidiaries” shall mean each of HiSoft BJ BVI and HiSoft Systems BVI.

     “Closing” shall mean the date on which the Company first issues Series C Preferred Shares to
the Investors.

     “Common Share Equivalents” shall mean, with respect to any shareholder of the Company, Common
Shares owned by such shareholder together with Common Shares into or for which any issued and
outstanding Preferred Shares or any other issued and outstanding convertible securities (excluding,
for the avoidance of doubt, unexercised options or warrants) owned by such shareholder shall be
convertible.

     “Common Shares” shall mean common shares of the Company, par value US$0.0001 per share.

     “Conversion Shares” shall mean Common Shares issuable upon conversion of the Warrant Shares,
the Series A Preferred Shares issued and sold under the Series A Share Purchase Agreement, the
Series B Preferred Shares issued and sold under the Series B Share Purchase Agreement, or the
Series C Preferred Shares issued and sold under the Series C Share Purchase Agreement.

     “Exchange Act” shall mean the U.S. Securities and Exchange Act of 1934, and the rules and
regulations promulgated thereunder, as amended from time to time.

2

 

     “Exchange Act Registration” shall mean registration of a company under Section 12 of the
Exchange Act or when a company becomes subject to Exchange Act reporting requirements under Section
15(d) of the Securities Act or otherwise.

     “Group Companies” shall mean the Company, the PRC Subsidiaries, the Japan Subsidiary, the US
Subsidiaries, the BVI Subsidiaries and HiSoft Hong Kong, and any other direct or indirect
Subsidiary of a Group Company, if any (each a “Group Company”). Notwithstanding the foregoing
provision, for the purpose of the Transaction Agreements, the term “Group Companies” or “Group
Company” shall not include Hualu BVI, Haihui Dalian, Japan JV or Haihui Dalian Training Center.

     “HiSoft Beijing” shall mean HiSoft Services (Beijing) Limited
(), a Sino-foreign joint venture company organized under the laws of
the PRC.

     “HiSoft BJ BVI” shall mean HiSoft Holdings Limited, an international business company
organized under the laws of the British Virgin Islands.

     “HiSoft Chengdu” shall mean HiSoft Software (Chengdu) Co., Ltd.,
(), a Sino-foreign joint venture company established under the laws
of the PRC.

     “HiSoft Dalian” shall mean HiSoft Technology (Dalian) Co., Ltd.
(), a wholly-foreign owned enterprise established by the Company under
the laws of the PRC.

     “HiSoft Envisage” shall mean HiSoft Envisage Inc., a company established under the laws of the
State of Delaware, U.S.A.

     “HiSoft Hong Kong” shall mean HiSoft Systems Hong Kong Limited (),
a limited liability company established under the laws of Hong Kong Special Administrative Region.

     “HiSoft Shenzhen” shall mean HiSoft (Shenzhen) Limited (), a
Sino-foreign joint venture company organized under the laws of the PRC.

     “HiSoft Systems BVI” shall mean HiSoft Systems Holdings Limited, an international business
company organized under the laws of the British Virgin Islands.

     “HiSoft Wuxi” shall mean Wuxi HiSoft Services Limited (), an
Sino-foreign joint venture company established under the laws of the PRC.

     “Hualu BVI” shall mean Hualu Corporation (BVI) Ltd., a British Virgin Islands company.

     “Investment Securities” shall mean the Series A Preferred Shares, the Series B Preferred
Shares, the Series C Preferred Shares, the Warrant Securities and the Conversion Shares.

     “JAFCO Warrant” shall mean the warrant for the purchase of up to 2,000,000 Series A Preferred
Shares issued to JAFCO on June 28, 2004.

     “Japan Subsidiary” shall mean Haihui Sci-Tech Japan Co., Ltd. (), a
company established under the laws of Japan and a wholly owned Subsidiary of the Company.

     “Joinder Agreement” shall mean an agreement in such form and on such terms as approved by all
the Investors and the Company, which a Person is required to enter into with or in favour of all
the parties pursuant to Sections 5 and 7.7.

     “Person” or “person” shall be construed as broadly as possible and shall include an
individual, a partnership, a limited liability company, a company, an association, a trust, a joint
venture or unincorporated organization and any government organization or authority.

     “PRC” shall mean, for the purpose of this Agreement, the Peoples’ Republic of China, excluding
the Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan.

3

 

     “PRC Subsidiaries” shall mean HiSoft Dalian, HiSoft Chengdu, HiSoft Beijing, HiSoft Shenzhen
and HiSoft Wuxi.

     “Preferred Shares” shall mean the Company’s Series A Preferred Shares, Series A-1 Preferred
Shares, Series B Preferred Shares and Series C Preferred Shares, collectively, along with any other
class or series of preferred shares issued by the Company in substitution or replacement therefor.

     “Qualified IPO” shall mean a firm commitment public offering of Common Shares in the United
States that has been registered under the Securities Act resulting in a minimum market
capitalization of US$350 million, and with gross proceeds to the Company of at least US$50 million,
or in a similar public offering of Common Shares in a jurisdiction and on a recognized securities
exchange outside of the United States, including without limitation, the Hong Kong Stock Exchange,
provided such public offering is equivalent to the aforementioned in terms of price, offering
proceeds and regulatory approval.

     “ROFR Agreement” shall mean the Second Amended and Restated Right of First Refusal and Co-Sale
Agreement among the Investors and the Company and the other parties named therein, dated August 17,
2007, as amended from time to time.

     “Rule 144” shall mean Rule 144 promulgated under the Securities Act, as amended from time to
time.

     “SEC” shall mean the U.S. Securities and Exchange Commission, as constituted from time to
time.

     “Securities Act” shall mean the U.S. Securities Act of 1933 and the rules and regulations
promulgated thereunder, as amended from time to time.

     “Series A Preferred Shares” shall mean the Company’s Series A Preferred Shares, US$0.0001 par
value per share.

     “Series A-1 Preferred Shares” shall mean the Company’s Series A-1 Preferred Shares, US$0.0001
par value per share.

     “Series A/A-1 Preferred Shares” shall mean the Series A Preferred Shares and the Series A-1
Preferred Shares, together as a single class.

     “Series A-1 Preferred Warrants” shall mean the warrants for the purchase of up to 36,000,000
shares of Series A-1 Preferred Shares issued to certain of the Investors on June 28, 2004 and
October 18, 2004.

     “Series B Preferred Shares” shall mean the Company’s Series B Preferred Shares, U.S. $0.0001
par value per share.

     “Series C Preferred Shares” shall mean the Company’s Series C Preferred Shares, U.S. $0.0001
par value per share.

     “Subsidiary” shall mean, 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 50% interest in whose profits or capital 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 in
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. Notwithstanding the above, for the
purpose of the Transaction Agreements, as applied to the Company, the term “Subsidiary” shall not
include Hualu BVI, Haihui Dalian, Japan JV or Dalian Haihui Software Training Center, and each of
their respective Subsidiaries, if any.

     “Transaction Agreements” shall mean this Agreement, the Series C Share Purchase Agreement, and
the ROFR Agreement, each as amended from time to time.

     “US GAAP” shall mean accounting principles generally accepted in the United States of America,
as in effect from time to time.

4

 

     “US Subsidiaries” shall mean DMK International Inc., a corporation organized under the laws of
the State of Delaware, U.S.A, and HiSoft Envisage.

     “Warrant Securities” shall mean the Series A-1 Preferred Warrants and the Warrant Shares.

     “Warrant Shares” shall mean the Series A-1 Preferred Shares issuable or issued upon exercise
of the Series A-1 Preferred Warrants.

Capitalized terms used herein but not otherwise defined in this Agreement shall have the meanings
given to them in the Series C Share Purchase Agreement.

2. INFORMATION AND INSPECTION RIGHTS.

     2.1 Information and Inspection Rights (Pre-Qualified IPO).

          (a) Information Rights. The Company hereby covenants and agrees that, commencing on
the date of this Agreement, and for so long as any Investor holds at least 10,000,000 Preferred
Shares, the Company will deliver to such Investor the following with respect to itself and their
respective Subsidiaries:

               (i) audited annual consolidated financial statements within one hundred and twenty (120) days
after the end of each fiscal year, including an audited balance sheet as of the end of such year
and a consolidated statement of operation and a consolidated statement of cash flows for such
fiscal year, setting forth in comparative form the figures from the Company’s previous fiscal year,
and audited by a “Big 4” accounting firm approved by the Investors;

               (ii) unaudited quarterly consolidated financial statements within thirty (30) days of the end
of each fiscal quarter, including an unaudited balance sheet as of the end of such quarter, and an
unaudited statement of operations and an unaudited statement of cash flows of the Company, for such
quarter, together with a comparison to the Company’s operating plan and budget by the Chief
Financial Officer of the Company explaining any significant differences in the statements from the
Company’s operating plan and budget for the period and stating that such statements fairly present
the consolidated financial position and consolidated financial result of the Company for the fiscal
quarter covered;

               (iii) unaudited monthly consolidated financial statements within thirty (30) days of the end
of each month, including an unaudited balance sheet as of the end of each such month, and an
unaudited statement of operations and an unaudited statement of cash flows for such month;

               (iv) an annual consolidated budget for the following fiscal year within forty-five (45) days
prior to the end of each fiscal year;

               (v) copies of the entity’s annual reports to shareholders and any quarterly, interim, annual,
extraordinary or other reports (including reports on Forms 20-F, 6-K, 10-K, 10-Q and/or 8-K, as
applicable) promptly after such documents are filed with the appropriate securities exchange or
regulatory authority;

               (vi) copies of all documents or other information sent to all other shareholders as such; and

               (vii) upon the written request by the Investor, such other information as the Investor shall
reasonably request.

All financial statements to be provided to the Investors pursuant to this Section 2.1 and
pursuant to any other Transaction Agreements, including any in the Agreed M&A, shall be prepared in
the English language in conformance with US GAAP, as amended and interpreted from time to time, and
in the case of the financial statements of the Company, if requested by an Investor, shall
consolidate all of the consolidated financial results of the Group Companies.

          (b) Inspection Rights. The Company covenants and agrees that, commencing on the date
of this Agreement, and for so long as any Investor holds at least 10,000,000 Preferred Shares, such
Investor shall have reasonable standard inspection rights, including without limitation, the right
to inspect the facilities, records and books of the Company and any of its Subsidiaries, and to
discuss the business, operations and conditions of the Company

5

 

and its Subsidiaries with their respective directors, officers, employees, accounts, legal
counsel and investment bankers.

          (c) Termination of Rights. Except as set forth in Section 2.2 below, the
foregoing information and inspection rights shall terminate upon the closing of a Qualified IPO or
Exchange Act Registration.

     2.2 Information Rights (Post-Qualified IPO). The Company covenants and agrees that,
for a period of three (3) years following the closing of a Qualified IPO or an Exchange Act
Registration and for so long as any Investor holds at least 10,000,000 Common Shares, the Company
will deliver to such Investor (i) copies of any quarterly, interim, annual, extraordinary, or other
reports, if any, (including reports on Forms 20-F, 6-K, 10-K, 10-Q and/or 8-K, as applicable) filed
by the Company promptly after such documents are filed by the Company with the SEC or any other
relevant securities exchange, regulatory authority or government agency, provided, however, that
the Investors shall not be provided with such documents before they are also generally available to
the other shareholders of the Company, and (ii) copies of any annual reports to shareholders or
other materials delivered to all other shareholders as such.

3. REGISTRATION RIGHTS.

     3.1 Applicability of Rights. The Holders (as defined in Section 3.2(d) below)
shall be entitled to the following rights with respect to any potential public offering of Common
Shares in the United States, and to any analogous or equivalent rights with respect to any other
offering of shares in any other jurisdiction pursuant to which the Company undertakes to publicly
offer or list such securities for trading on a recognized securities exchange.

     3.2 Definitions. For purposes of this Section 3:

          (a) Registration. The terms “register,” “registered,” and “registration” refer to a
registration effected by preparing and filing a registration statement in compliance with the
Securities Act, and the declaration or ordering of effectiveness of such registration statement.

          (b) Registrable Securities. The term “Registrable Securities” means: (1) any Common
Shares of the Company issued or to be issued upon conversion of Series A Preferred Shares and
Series A-1 Preferred Shares issued (A) pursuant to the Series A Share Purchase Agreement, the JAFCO
Warrant or the Series A-1 Preferred Warrants and (B) pursuant to the Right of Participation
(defined in Section 4.1 hereof); (2) any Common Shares of the Company issued or to be
issued upon conversion of Series B Preferred Shares issued (A) pursuant to the Series B Share
Purchase Agreement or (B) pursuant to the Right of Participation; (3) any Common Shares of the
Company issued or to be issued upon conversion of Series C Preferred Shares issued (A) pursuant to
the Series C Share Purchase Agreement or (B) pursuant to the Right of Participation; (4) any Common
Share of the Company issued as (or issuable upon the conversion or exercise of any warrant, right
or other security which is issued as) a dividend or other distribution with respect to, or in
exchange for or in replacement of, any of the foregoing; (5) any other Common Shares owned or
hereafter acquired by any Investor, including, without limitation, any Common Shares issued in
respect of the Common Shares described in (1)-(4) of this subsection 3.2(b) upon any share
split, share dividend, recapitalization or a similar event; and (6) any depositary receipts issued
by an institutional depositary upon deposit of any of the foregoing. Notwithstanding the
foregoing, “Registrable Securities” shall not include any Registrable Securities sold by a person
in a transaction in which rights under this Section 3 are not assigned in accordance with
this Agreement or any Registrable Securities sold in a public offering, whether sold pursuant to
Rule 144, or in a registered offering, or otherwise.

          (c) Registrable Securities Then Outstanding. The number of shares of “Registrable
Securities then outstanding” shall mean the number of Common Shares of the Company that are
Registrable Securities and are then issued and outstanding or would be outstanding assuming full
conversion of all Registrable Securities which are convertible into Common Shares.

          (d) Holder. For purposes of this Section 3, the term “Holder” means any
person who holds Registrable Securities of record, whether such Registrable Securities were
acquired directly from the Company or from another Holder in a permitted transfer, to whom rights
under this Section 3 have been duly assigned in accordance with this Agreement; provided,
however, that for purposes of this Agreement, a record holder of Series A Preferred Shares, Series
A-1 Preferred Shares, Series B Preferred Shares or Series C Preferred Shares convertible into such
Registrable Securities shall be deemed to be the Holder of such Registrable Securities; and
provided, further, that (i) the Company shall in no event be obligated to register Series A
Preferred Shares, Series A-1 Preferred Shares, Series B Preferred Shares or Series C Preferred
Shares, and that (ii) Holders of Registrable Securities will not be required to convert their
Series A Preferred Shares, Series A-1 Preferred Shares, Series B Preferred Shares or Series C Preferred Shares into Common Shares in order to exercise the
registration rights

6

 

granted hereunder, until just prior to the declaration of effectiveness of the
registration statement for the offering to which the registration relates.

          (e) Form F-3. The term “Form F-3” means such form under the Securities Act as is in
effect on the date hereof or any successor or comparable registration form under the Securities Act
subsequently adopted by the SEC, which permits inclusion or incorporation of substantial
information by reference to other documents filed by the Company with the SEC. In the event the
Company at any time is not a “foreign private issuer” for purposes of Rule 3b-4 under the Exchange
Act, the term “Form F-3” shall be read to include Form S-3 under the Securities Act or any
successor or comparable form.

     3.3 Demand Registration.

          (a) Request by Holders. If the Company shall at any time not earlier than six (6)
months after an initial underwritten public offering of its Common Shares, receive a written
request from the Holders of at least ten percent (10%) of the Registrable Securities then
outstanding that the Company file a registration statement under the Securities Act covering the
registration of Registrable Securities pursuant to this Section 3.3, then the Company
shall, within ten (10) Business Days of the receipt of such written request, give written notice of
such request (“Request Notice”) to all Holders, and use its best efforts to effect, as soon as
practicable, the registration under the Securities Act of all Registrable Securities that Holders
request to be registered and included in such registration by written notice given by such Holders
to the Company within twenty (20) days after their receipt of the Request Notice, subject only to
the limitations of this Section 3.3; provided that the Company shall not be obligated to
effect any such registration if the Company has, within the six (6) month period preceding the date
of such request, already effected a registration under the Securities Act pursuant to this
Section 3.3 or Section 3.5, or in which the Holders had an opportunity to
participate pursuant to the provisions of Section 3.4, other than a registration from which
the Registrable Securities of Holders have been excluded (with respect to all or any portion of the
Registrable Securities the Holders requested be included in such registration) pursuant to the
provisions of Section 3.4(a); provided, further, that no Holder may register more than
fifty percent (50%) of the aggregate number of Registrable Securities held by such Holder in any
one or more registrations that are initiated pursuant to this Section 3.3 prior to the
twelve (12) month anniversary of the initial underwritten public offering of the Company’s Common
Shares; provided, that for any Holder that is a partnership, the Holder and the partners and
retired partners of such Holder, or the estates and family members of any such partners and retired
partners and any trusts for the benefit of any of the foregoing persons, and for any Holder that is
a corporation, the Holder and all corporations that are affiliates of such Holder, shall be deemed
to be a single “Holder” for purposes of this sentence.

          (b) Underwriting. If the Holders initiating the registration request under this
Section 3.3 (“Initiating Holders”) intend to distribute the Registrable Securities covered
by their request by means of an underwriting, then they shall so advise the Company as a part of
their request made pursuant to this Section 3.3 and the Company shall include such
information in the Request Notice referred to in subsection 3.3(a). In the event of an
underwritten offering, the right of any Holder to include its Registrable Securities in such
registration shall be conditioned upon such Holder’s participation in such underwriting and the
inclusion of such Holder’s Registrable Securities in the underwriting (unless otherwise mutually
agreed by a majority in interest of the initiating Holders and such Holder) to the extent provided
herein. All Holders proposing to distribute their securities through such underwriting shall enter
into an underwriting agreement in customary form with the managing underwriter or underwriters
selected for such underwriting by the Company and reasonably acceptable to the Holders of a
majority of the Registrable Securities being registered. Notwithstanding any other provision of
this Section 3.3, if the underwriter(s) advise(s) the Company in writing that marketing
factors require a limitation of the number of securities to be underwritten, then the Company shall
so advise all Holders of Registrable Securities which would otherwise be registered and
underwritten pursuant hereto, and the number of Registrable Securities that may be included in the
underwriting shall be reduced as required by the underwriter(s) and allocated among the Holders of
Registrable Securities on a pro rata basis according to the number of Registrable Securities then
outstanding held by each Holder requesting registration (including the initiating Holders);
provided, however, that the number of shares of Registrable Securities to be included in such
underwriting and registration shall not be reduced unless all other securities are first entirely
excluded from the underwriting and registration including, without limitation, all shares that are
not Registrable Securities and are held by any other person, including, without limitation, any
person who is an employee, officer or director of the Company (or any Subsidiary of the Company).
If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw
therefrom by written notice to the Company and the underwriter(s), delivered at least ten (10)
Business Days prior to the effective date of the registration statement. Any Registrable
Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the
registration. For any Holder that is a partnership, the Holder and the partners and retired
partners of such Holder, or the estates and family members of any such partners and retired
partners and any trusts for the benefit of any of the foregoing persons, and for any Holder that is
a corporation, the Holder and all corporations that are affiliates of such
Holder, shall be deemed to be a single “Holder,” and any pro rata reduction with respect to
such “Holder” shall be

7

 

based upon the aggregate amount of Registrable Securities owned by all
entities and individuals included in such “Holder,” as defined in this sentence.

          (c) Maximum Number of Demand Registrations. The Company shall have no obligation to
effect more than three (3) registrations pursuant to this Section 3.3.

          (d) Deferral. Notwithstanding the foregoing, if the Company shall furnish to Holders
requesting the filing of a registration statement pursuant to this Section 3.3, a
certificate signed by the President or Chief Executive Officer of the Company stating that in the
good faith judgment of the Board, it would be materially detrimental to the Company and its
shareholders for such registration statement to be filed, then the Company shall have the right to
defer such filing for a period of not more than ninety (90) days after receipt of the request of
the Initiating Holders; provided, however, that the Company may not utilize this right more than
once in any twelve (12) month period; provided further that during such ninety (90) day period, the
Company shall not file any registration statement pertaining to the public offering of any
securities of the Company.

          (e) Expenses. The Company shall pay all expenses (excluding only underwriters’
discounts and commissions relating to the Registrable Securities sold by the Holders) incurred in
connection with any registration pursuant to this Section 3.3, including without limitation
all U.S. federal, “blue sky,” and all foreign registration, filing and qualification fees,
printer’s and accounting fees, and reasonable fees and expenses (including disbursements) of one
(1) outside counsel for the Holders. Each Holder participating in a registration pursuant to this
Section 3.3 shall bear such Holder’s proportionate share (based on the total number of
shares sold in such registration other than for the account of the Company) of all discounts, and
commissions or other amounts payable to underwriter(s) or brokers, in connection with such offering
by the Holders. Notwithstanding the foregoing, the Company shall not be required to pay for any
expenses of any registration proceeding begun pursuant to this Section 3.3 if the
registration request is subsequently withdrawn at the request of the Holders of a majority of the
Registrable Securities to be registered, unless the Holders of a majority of the Registrable
Securities then outstanding agree that such registration constitutes the use by the Holders of one
(1) demand registration pursuant to this Section 3.3 (in which case such registration shall
also constitute the use by all Holders of Registrable Securities of one (1) such demand
registration); provided, however, that if at the time of such withdrawal, the Holders have learned
of a material adverse change in the condition, business, or prospects of the Company not known to
the Holders at the time of their request for such registration due to the failure of the Company to
provide accurate or complete information to the Holders pursuant to this Agreement and have
withdrawn their request for registration with reasonable promptness after learning of such material
adverse change, then the Holders shall not be required to pay any of such expenses and such
registration shall not constitute the use of a demand registration pursuant to this Section 3.3.

     3.4 Piggyback Registrations. The Company shall notify all Holders of Registrable
Securities in writing at least thirty (30) days prior to filing any registration statement under
the Securities Act for purposes of effecting a public offering of securities of the Company
(including, but not limited to, registration statements relating to secondary offerings of
securities of the Company, but excluding registration statements relating to any registration under
Section 3.3 or Section 3.5 of this Agreement or to any employee benefit plan or a
corporate reorganization) and will afford each such Holder an opportunity to include in such
registration statement all or any part of the Registrable Securities then held by such Holder.
Each Holder desiring to include in any such registration statement all or any part of the
Registrable Securities held by such Holder shall within twenty (20) days after receipt of the
above-described notice from the Company, so notify the Company in writing, and in such notice shall
inform the Company of the number of Registrable Securities such Holder wishes to include in such
registration statement. If a Holder decides not to include all of its Registrable Securities in
any registration statement thereafter filed by the Company, such Holder shall nevertheless continue
to have the right to include any Registrable Securities in any subsequent registration statement or
registration statements as may be filed by the Company with respect to offerings of its securities,
all upon the terms and conditions set forth herein.

          (a) Underwriting. If a registration statement under which the Company gives notice
under this Section 3.4 is for an underwritten offering, then the Company shall so advise
the Holders of Registrable Securities. In such event, the right of any such Holder’s Registrable
Securities to be included in a registration pursuant to this Section 3.4 shall be
conditioned upon such Holder’s participation in such underwriting and the inclusion of such
Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders
proposing to distribute their Registrable Securities through such underwriting shall enter into an
underwriting agreement in customary form with the managing underwriter or underwriters selected by
the Company for such underwriting. Notwithstanding any other provision of this Agreement, if the
managing underwriter(s) determine(s) in good faith that marketing factors require a limitation of
the number of shares to be underwritten, then the managing underwriter(s) may exclude shares from
the registration and the underwriting, and the number of shares that may be included in the
registration and the underwriting shall be allocated, first to the Company, and second, to each of
the Holders requesting inclusion of their Registrable Securities in such registration statement on a pro rata basis based on the total
number of Registrable

8

 

Securities then held by each such Holder; provided, however, that the right
of the underwriter(s) to exclude shares (including Registrable Securities) from the registration
and underwriting as described above shall be restricted so that (i) the number of Registrable
Securities included in any such registration is not reduced below twenty-five percent (25%) of the
aggregate number of Registrable Securities for which inclusion has been requested, even if this
will cause the Company to reduce the number of shares it wishes to offer; and (ii) all shares that
are not Registrable Securities and are held by any other person, including, without limitation, any
person who is an employee, officer or director of the Company (or any Subsidiary of the Company)
shall first be excluded from such registration and underwriting before any Registrable Securities
are so excluded. If any Holder disapproves of the terms of any such underwriting, such Holder may
elect to withdraw therefrom by written notice to the Company and the underwriter(s), delivered at
least ten (10) Business Days prior to the effective date of the registration statement. Any
Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn
from the registration. For any Holder that is a partnership, the Holder and the partners and
retired partners of such Holder, or the estates and family members of any such partners and retired
partners and any trusts for the benefit of any of the foregoing persons, and for any Holder that is
a corporation, the Holder and all corporations that are affiliates of such Holder, shall be deemed
to be a single “Holder,” and any pro rata reduction with respect to such “Holder” shall be based
upon the aggregate amount of Registrable Securities carrying registration rights owned by all
entities and individuals included in such “Holder,” as defined in this sentence.

          (b) Expenses. The Company shall pay all expenses (excluding only underwriters’ and
brokers’ discounts and commissions relating to shares sold by the Holders) incurred in connection
with a registration pursuant to this Section 3.4, including, without limitation all U.S.
federal, “blue sky” and all foreign registration, filing and qualification fees, printers’ and
accounting fees, and reasonable fees and expenses (including disbursements) of one (1) outside
counsel for the Holders.

          (c) Not Demand Registration. Registration pursuant to this Section 3.4 shall
not be deemed to be a demand registration as described in Section 3.3 above. Except as
otherwise provided herein, there shall be no limit on the number of times the Holders may request
registration of Registrable Securities under this Section 3.4.

     3.5 Form F-3 Registration. After its initial public offering, the Company shall use
its best efforts to qualify for registration on Form F-3 or any comparable or successor form as
early as possible and use best efforts to maintain such qualification thereafter. If the Company
is qualified to use Form F-3, any Holder or Holders shall have a right to request at any time from
time to time (such request shall be in writing) that the Company effect a registration on either
Form F-3 and any related qualification or compliance with respect to all or a part of the
Registrable Securities owned by such Holder or Holders, and upon receipt of each such request, the
Company will:

          (a) Notice. Promptly give written notice of the proposed registration and the
Holder’s or Holders’ request therefor, and any related qualification or compliance, to all other
Holders of Registrable Securities; and

          (b) Registration. As soon as practicable, effect such registration and all such
qualifications and compliances as may be so requested and as would permit or facilitate the sale
and distribution of all or such portion of such Holders or Holders’ Registrable Securities as are
specified in such request, together with all or such portion of the Registrable Securities of any
other Holder or Holders joining in such request as are specified in a written request given within
twenty (20) days after the Company provides the notice contemplated by Section 3.5(a);
provided, however, that the Company shall not be obligated to effect any such registration,
qualification or compliance pursuant to this Section 3.5:

               (i) if Form F-3 becomes unavailable for such offering by the Holders;

               (ii) if the Holders, together with the holders of any other securities of the Company entitled
to inclusion in such registration, propose to sell Registrable Securities and such other securities
(if any) at an aggregate price to the public of less than US$1,000,000;

               (iii) if the Company has, within the six (6) month period preceding the date of such request,
already effected a registration under the Securities Act other than a registration from which the
Registrable Securities of Holders have been excluded (with respect to all or any portion of the
Registrable Securities the Holders requested be included in such registration) pursuant to the
provisions of Section 3.4(a); or

               (iv) in any particular jurisdiction in which the Company would be required to qualify to do
business or to execute a general consent to service of process in effecting such registration,
qualification or compliance.

9

 

          (c) Expenses. The Company shall pay all expenses (excluding only underwriters’ or
brokers’ discounts and commissions relating to shares sold by the Holders) incurred in connection
with each registration requested pursuant to this Section 3.5, including without limitation
all U.S. federal, “blue sky” and all foreign registration, filing and qualification fees, printers’
and accounting fees, and reasonable fees and expenses (including disbursements) of one (1) outside
counsel for the Holders.

          (d) Maximum Frequency. Except as otherwise provided herein, there shall be no limit
on the number of times the Holders may request registration of Registrable Securities under this
Section 3.5; provided, that the Company shall not be required to effect more than two (2)
registrations pursuant to this Section 3.5 in any twelve (12) month period.

          (e) Deferral. Notwithstanding the foregoing, if the Company shall furnish to Holders
requesting the filing of a registration statement pursuant to this Section 3.5, a
certificate signed by the President or Chief Executive Officer of the Company stating that in the
good faith judgment of the Board, it would be materially detrimental to the Company and its
shareholders for such Form F-3 registration statement to be filed, then the Company shall have the
right to defer such filing for a period of not more than ninety (90) days after receipt of the
request of the initiating Holders; provided, however, that the Company may not utilize this right
more than once in any twelve (12) month period; provided further that during such ninety (90) day
period, the Company shall not file any registration statement pertaining to the public offering of
any securities of the Company.

          (f) Not Demand Registration. Form F-3 registrations shall not be deemed to be demand
registrations as described in Section 3.3 above.

          (g) Underwriting. If the requested registration under this Section 3.5 is for
an underwritten offering, the provisions of Section 3.3(b) shall apply.

     If the Company fails to perform any of the Company’s obligations set forth above in this
Section 3.5 relating to a demand registration made pursuant to Section 3.3, such
registration shall not constitute the use of a demand registration under Section 3.3.

     3.6 Obligations of the Company. Whenever required to effect the registration of any
Registrable Securities under this Agreement the Company shall, as expeditiously as reasonably
possible:

          (a) Registration Statement. Prepare and file with the SEC a registration statement
with respect to such Registrable Securities and use its best efforts to cause such registration
statement to become effective, and keep any such registration statement effective for a period of
one hundred twenty (120) days or until the Holder or Holders have completed the distribution
described in the registration statement relating thereto, whichever occurs first.

          (b) Amendments and Supplements. Prepare and file with the SEC such amendments and
supplements to such registration statement and the prospectus used in connection with such
registration statement as may be necessary to comply with the provisions of the Securities Act with
respect to the disposition of all securities covered by such registration statement.

          (c) Prospectuses. Furnish to the Holders such number of copies of a prospectus,
including a preliminary prospectus, in conformity with the requirements of the Securities Act, and
such other documents as they may reasonably request in order to facilitate the disposition of the
Registrable Securities owned by them that are included in such registration.

          (d) Blue Sky. Use its best efforts to register and qualify the securities covered by
such registration statement under such other securities or Blue Sky laws of such jurisdictions as
shall be reasonably requested by the Holders, provided that the Company shall not be required in
connection therewith or as a condition thereto to qualify to do business or to file a general
consent to service of process in any such states or jurisdictions.

          (e) Underwriting. In the event of any underwritten public offering, enter into and
perform its obligations under an underwriting agreement in usual and customary form, with the
managing underwriter(s) of such offering. Each Holder participating in such underwriting shall also enter into and perform
its obligations under such an agreement.

          (f) Notification. Notify each Holder of Registrable Securities covered by such
registration statement at any time when a prospectus relating thereto is required to be delivered
under the Securities Act of the happening of any event as a result of which the prospectus included
in such registration statement, as then in effect,

10

 

includes an untrue statement of a material fact
or omits to state a material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing.

          (g) Opinion and Comfort Letter. Furnish, at the request of any Holder requesting
registration of Registrable Securities, on the date that such Registrable Securities are delivered
to the underwriter(s) for sale, if such securities are being sold through underwriters, or, if such
securities are not being sold through underwriters, on the date that the registration statement
with respect to such securities becomes effective, (i) an opinion, dated as of such date, of the
counsel representing the Company for the purposes of such registration, in form and substance as is
customarily given to underwriters in an underwritten public offering and reasonably satisfactory to
a majority in interest of the Holders requesting registration, addressed to the underwriters, if
any, and to the Holders requesting registration of Registrable Securities and (ii) a “comfort”
letter dated as of such date, from the independent certified public accountants of the Company, in
form and substance as is customarily given by independent certified public accountants to
underwriters in an underwritten public offering and reasonably satisfactory to a majority in
interest of the Holders requesting registration, addressed to the underwriters, if any, and to the
Holders requesting registration of Registrable Securities.

     3.7 Furnish Information. It shall be a condition precedent to the obligations of the
Company to take any action pursuant to Sections 3.3, 3.4 or 3.5 that the
selling Holders shall furnish to the Company such information regarding themselves, the Registrable
Securities held by them and the intended method of disposition of such securities as shall be
reasonably necessary or advisable to timely effect the Registration or other qualification of their
Registrable Securities.

     3.8 Indemnification. In the event any Registrable Securities are included in a
registration statement under Sections 3.3, 3.4 or 3.5:

          (a) By the Company. To the extent permitted by law, the Company will indemnify and
hold harmless each Holder, its partners, officers, directors, legal counsel, any underwriter (as
determined in the Securities Act) for such Holder and each person, if any, who controls such Holder
or underwriter within the meaning of the Securities Act or the Exchange Act against any losses,
claims, damages, or liabilities (joint or several) to which they may become subject under the
Securities Act, the Exchange Act or other applicable law, insofar as such losses, claims, damages,
or liabilities (or actions in respect thereof) arise out of or are based upon any of the following
statements, omissions or violations (collectively a “Violation”):

               (i) any untrue statement or alleged untrue statement of a material fact contained in such
registration statement, including any preliminary prospectus or final prospectus contained therein
or any amendments or supplements thereto;

               (ii) the omission or alleged omission to state therein a material fact required to be stated
therein, or necessary to make the statements therein not misleading, or

               (iii) any violation or alleged violation of the Securities Act, the Exchange Act, any federal
or state securities law or any rule or regulation promulgated under the Securities Act, the
Exchange Act or other applicable securities law in connection with the offering covered by such
registration statement;

and the Company will reimburse each such Holder, its partner, officer, director, legal counsel,
underwriter or controlling person for any legal or other expenses reasonably incurred by them, as
incurred, in connection with investigating or defending any such loss, claim, damage, liability or
action; provided, however, that the indemnity agreement contained in this subsection 3.8(a)
shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action
if such settlement is effected without the consent of the Company (which consent shall not be
unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim,
damage, liability or action to the extent that it arises out of or is based upon a Violation which
occurs in reliance upon and in conformity with written information furnished expressly for use in
connection with such registration by such Holder, underwriter or controlling person of such Holder.

          (b) By Selling Holders. To the extent permitted by law, each selling Holder will
indemnify and hold harmless the Company, each of its directors, each of its officers who have
signed the registration statement, each person, if any, who controls the Company within the meaning
of the Securities Act, any underwriter and any other Holder selling securities under such
registration statement or any of such other Holder’s partners, directors, officers, legal counsel
or any person who controls such Holder within the meaning of the Securities Act or the Exchange
Act, against any losses, claims, damages or liabilities (joint or several) to which the Company or
any such director, officer, legal counsel, controlling person, underwriter or other such Holder,
partner or director, officer or controlling person of such other Holder may become subject under
the Securities Act, the Exchange Act or other

11

 

applicable law, insofar as such losses, claims,
damages or liabilities (or actions in respect thereto) arise out of or are based upon any
Violation, in each case to the extent (and only to the extent) that such Violation occurs in
reliance upon and in conformity with written information furnished by such Holder expressly for use
in connection with such registration; and each such Holder will reimburse any legal or other
expenses reasonably incurred by the Company or any such director, officer, controlling person,
underwriter or other Holder, partner, officer, director or controlling person of such other Holder
in connection with investigating or defending any such loss, claim, damage, liability or action;
provided, however, that the indemnity agreement contained in this subsection 3.8(b) shall
not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if
such settlement is effected without the consent of the Holder, which consent shall not be
unreasonably withheld; and provided further that the total amounts payable in indemnity by a Holder
under this Section 3.8(b) in respect of any Violation shall not exceed the net proceeds
received by such Holder in the registered offering out of which such Violation arises.

          (c) Notice. Promptly after receipt by an indemnified party under this Section
3.8 of notice of the commencement of any action (including any governmental action), such
indemnified party will, if a claim in respect thereof is to be made against any indemnifying party
under this Section 3.8, deliver to the indemnifying party a written notice of the
commencement thereof (a “Claim Notice”) and the indemnifying party shall have the right to
participate in, and, to the extent the indemnifying party so desires, jointly with any other
indemnifying party similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an indemnified party shall have the right to
retain its own counsel, with the fees and expenses to be paid by the indemnifying party, (i) during
the period from the delivery of a Claim Notice until retention of counsel by the indemnifying
party; and (ii) if representation of such indemnified party by the counsel retained by the
indemnifying party would be inappropriate due to actual or potential conflict of interests between
such indemnified party and any other party represented by such counsel in such proceeding. The
failure to deliver written notice to the indemnifying party within a reasonable time of the
commencement of any such action shall relieve such indemnifying party of liability to the
indemnified party under this Section 3.8 to the extent the indemnifying party is prejudiced
as a result thereof, but the omission so to deliver written notice to the indemnifying party will
not relieve it of any liability that it may have to any indemnified party otherwise than under this
Section 3.8.

          (d) Defect Eliminated in Final Prospectus. The foregoing indemnity agreements of the
Company and Holders are subject to the condition that, insofar as they relate to any Violation made
in a preliminary prospectus but eliminated or remedied in the amended prospectus on file with the
SEC at the time the registration statement in question becomes effective or the amended prospectus
filed with the SEC pursuant to SEC Rule 424(b) (the “Final Prospectus”), such indemnity agreement
shall not inure to the benefit of any person if a copy of the Final Prospectus was timely furnished
to the indemnified party and was not furnished to the person asserting the loss, liability, claim
or damage at or prior to the time such action is required by the Securities Act.

          (e) Contribution. In order to provide for just and equitable contribution to joint
liability under the Securities Act in any case in which either (i) any Holder exercising rights
under this Agreement, or any controlling person of any such Holder, makes a claim for
indemnification pursuant to this Section 3.8 but it is judicially determined (by the entry
of a final judgment or decree by a court of competent jurisdiction and the expiration of time to
appeal or the denial of the last right of appeal) that such indemnification may not be enforced in
such case notwithstanding the fact that this Section 3.8 provides for indemnification in
such case, or (ii) contribution under the Securities Act may be required on the part of any such
selling Holder or any such controlling person in circumstances for which indemnification is
provided under this Section 3.8; then, and in each such case, the Company and such Holder
will contribute to the aggregate losses, claims, damages or liabilities to which they may be
subject (after contribution from others) in such proportion so that such Holder is responsible for
the portion represented by the percentage that the public offering price of its Registrable
Securities offered by and sold under the registration statement bears to the public offering price
of all securities offered by and sold under such registration statement, and the Company and other
selling Holders are responsible for the remaining portion; provided, however, that, in any such
case: (A) no such Holder will be required to contribute any amount in excess of the public offering
price of all such Registrable Securities offered and sold by such Holder pursuant to such
registration statement; and (B) no person or entity guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any
person or entity who was not guilty of such fraudulent misrepresentation.

          (f) Survival. The obligations of the Company and Holders under this Section
3.8 shall survive until the fifth (5th) anniversary of the completion of any offering of
Registrable Securities in a registration statement, regardless of the expiration of any statutes of
limitation or extensions of such statutes.

     3.9 Rule 144 Reporting. With a view to making available to the Holders the benefits
of certain rules and regulations of the SEC which may permit the sale of the Registrable Securities
to the public without registration, the Company agrees to use its best efforts to:

12

 

          (a) Make and keep public information available, as those terms are understood and defined in
Rule 144 or any similar or analogous rule promulgated under the Securities Act, at all times after
the effective date of the first registration filed by the Company for an offering of its securities
to the general public;

          (b) File with the SEC, in a timely manner, all reports and other documents required of the
Company under the Securities Act or the Exchange Act, at all times after the effective date of the
first registration under the Securities Act filed by the Company;

          (c) So long as a Holder owns any Registrable Securities, furnish to such Holder forthwith upon
request, (i) a written statement by the Company as to its compliance with the reporting
requirements of said Rule 144 of the Securities Act, and of the Exchange Act (at any time after it
has become subject to such reporting requirements, (ii) a copy of the most recent annual, interim,
quarterly or other report of the Company and, (iii) such other reports and documents as a Holder
may reasonably request availing itself of any rule or regulation of the SEC allowing it to sell any
such securities without registration.

     3.10 Termination of the Company’s Obligations. Notwithstanding the foregoing, the
Company shall have no obligations pursuant to Sections 3.3, 3.4 or 3.5 with
respect to any Registrable Securities proposed to be sold by a Holder in a registered public
offering (i) five (5) years after the consummation of a Qualified IPO, or (ii) if, in the opinion
of counsel to the Company, all such Registrable Securities proposed to be sold by a Holder may then
be sold under Rule 144 during a three (3) month period without exceeding the volume limitations
thereunder.

     3.11 No Registration Rights to Third Parties. Without the prior written consent of
the Holders of not less than sixty-seven percent (67%) of the Registrable Securities then
outstanding, the Company covenants and agrees that it shall not grant, or cause or permit to be
created, for the benefit of any person or entity any registration rights of any kind (whether
similar to the demand, “piggyback” or Form F-3 registration rights described in this Section
3, or otherwise) relating to any shares or other securities of the Company, other than rights
that are subordinate to the rights of the Holders hereunder.

     3.12 “Market Stand-Off” Agreement. Each Holder hereby agrees that, if and to the
extent requested by the lead underwriter of securities of the Company in connection with a
registration relating to a specific proposed public offering (other than a registration on Form S-8
or a related or successor form relating solely to an employee benefit plan or a registration on
Form S-4 or a related or successor form relating solely to a transaction under SEC Rule 145), such
Holder will, subject to the following conditions, enter into a lock-up or standoff agreement in
customary form (subject to the following conditions) under which such Holder agrees not to sell or
otherwise transfer or dispose of any Registrable Securities or other shares of the Company owned by
such Holder as of the date of such registration seven (7) days prior to, and for up to one hundred
eighty (180) days following the effective date of the related registration statement. The
obligations of each Holder under this Section 3.12 are subject to the following conditions:
(i) the lockup or standoff agreement applies only to the first registration statement of the
Company which covers securities to be sold on its behalf to the public in an underwritten offering,
but not to Registrable Securities actually sold pursuant to such registration statement; (ii) such
Holder is reasonably satisfied that all directors, officers, and holders of 1% or more of any class
of securities of the Company are bound by substantially identical restrictions; (iii) the lockup or
standoff agreement provides that if any securities of the Company are to be excluded or released in
whole or part from such restrictions, the underwriter shall so notify each Holder and each Holder
shall be excluded or released, in proportionate amounts to the extent of the exclusion or release,
prior to any other holder of the Company’s securities, including directors, officers, or holders of
1% or more of any class of securities of the Company subject to such restrictions; and (iv) the
lockup or standoff agreement by its terms permits transfers of Registrable Securities by any Holder
to any Affiliate of such Holder during the restricted period, provided that such Affiliate executes
a lock-up or standoff agreement substantively identical to that signed by the transferring Holder.
The Company may impose a stop-transfer instruction with respect to Registrable Securities subject
to any such lockup or standoff agreement but shall remove such instruction immediately upon
expiration of the underlying restrictions.

4. RIGHT OF PARTICIPATION.

     4.1 General. Each of the Investors and each Affiliate of any Investor to which rights
under this Section 4 have been duly assigned in accordance with Section 5.1 (each
Investor and each such assignee being hereinafter referred to as a “Participation Rights Holder”)
shall have the right of first refusal to purchase such Participation Rights Holder’s Pro Rata Share
(as defined below), of fifty percent (50%) of any New Securities (as defined in Section
4.3) that the Company may from time to time issue after the date of this Agreement (the “Right
of Participation”).

     4.2 Pro Rata Share. A Participation Rights Holder’s “Pro Rata Share” for purposes of
the Right of Participation is the ratio of (a) the number of Common Share Equivalents then held by
such Participation Rights

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Holder, to (b) the total number of Common Share Equivalents then
outstanding immediately prior to the issuance of New Securities giving rise to the Right of
Participation.

     4.3 New Securities. “New Securities” shall mean any Series A Preferred Shares, any
Series A-1 Preferred Shares, any Series B Preferred Shares, any Series C Preferred Shares, any
other shares of the Company designated as “preferred shares,” Common Shares or other voting shares
of the Company, whether now authorized or not, and rights, options or warrants to purchase such
Series A Preferred Shares, Series A-1 Preferred Shares, Series B Preferred Shares, Series C
Preferred Shares or other preferred shares, Common Shares and securities of any type whatsoever
that are, or may become, convertible or exchangeable into such Series A Preferred Shares, Series
A-1 Preferred Shares, Series B Preferred Shares, Series C Preferred Shares, other preferred shares,
Common Shares or other voting shares, provided, however, that the term “New Securities” shall not
include:

          (a) in the aggregate up to 92,197,949 Common Shares (and/or options or warrants therefore)
issued to employees, officers, directors, contractors, advisors or consultants of the Company or
its Subsidiaries pursuant to incentive agreements or incentive plans adopted by the Company;

          (b) any Warrant Shares, Conversion Shares or Series A Preferred Shares issued under and in
accordance with the Series A Share Purchase Agreement;

          (c) any Conversion Shares or Series B Preferred Shares issued under and in accordance with the
Series B Share Purchase Agreement;

          (d) any Conversion Shares or Series C Preferred Shares issued under and in accordance with the
Series C Share Purchase Agreement;

          (e) any securities issued in connection with any share split, share dividend or other similar
event which shall have been approved in accordance with Section 6 below;

          (f) any securities issued upon the exercise, conversion or exchange of any outstanding
securities if such outstanding security constituted a New Security provided that the initial
issuance of such New Security shall have complied with the terms of this Section 4 and have
been approved in accordance with Section 6 below;

          (g) any securities issued 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 which shall have been approved in accordance with Section 6 below; or

          (h) any securities offered in a Qualified IPO.

     4.4 Procedures.

          (a) First Participation Notice. In the event that the Company proposes to undertake
an issuance of New Securities (in a single transaction or a series of related transactions), it
shall give to each Participation Rights Holder written notice of its intention to issue New
Securities (the “First Participation Notice”), describing the amount and the type of New Securities
and the price and the terms upon which the Company proposes to issue such New Securities. Each
Participation Rights Holder shall have thirty (30) days from the date of receipt of any such First
Participation Notice to agree in writing to purchase up to all of such Participation Rights
Holder’s Pro Rata Share of fifty percent (50%) of such New Securities for the price and upon the
terms and conditions specified in the First Participation Notice by giving written notice to the
Company and stating therein the quantity of New Securities to be purchased (not to exceed such Participation Rights Holder’s Pro Rata
Share of fifty percent (50%) of such New Securities). If any Participation Rights Holder fails to
so agree in writing within such thirty (30) day period to purchase such Participation Rights
Holder’s full Pro Rata Share of an offering of fifty percent (50%) of such New Securities, then
such Participation Rights Holder shall forfeit the right hereunder to purchase that part of its Pro
Rata Share of fifty percent (50%) of such New Securities that it did not so agree to purchase.

          (b) Second Participation Notice; Oversubscription. If any Participating Rights Holder
fails to exercise its Right of Participation in accordance with subsection (a) above, the
Company shall promptly give notice (the “Second Participation Notice”) to other Participating
Rights Holders who have exercised their Right of Participation (the “Exercising Holders”) in
accordance with subsection (a) above. Each Exercising Holder shall have ten (10) days from
the date of receipt of the Second Participation Notice (the “Second Participation Period”) to

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notify the Company of its desire to purchase more than its Pro Rata Share of fifty percent (50%) of
the New Securities, stating the number of the additional New Securities it proposes to buy. Such
notice may be made by telephone if confirmed in writing within two (2) Business Days thereafter.
If as a result thereof, such oversubscription exceeds the total number of the remaining New
Securities available for purchase, the oversubscribing Exercising Holders will be cut back by the
Company with respect to their oversubscriptions to that number of remaining New Securities equal to
the product obtained by multiplying (i) the number of the remaining New Securities available for
subscription by (ii) a fraction the numerator of which is the number of Common Share Equivalents
held by each oversubscribing Exercising Holder notified and the denominator of which is the total
number of Common Share Equivalents held by all the oversubscribing Exercising Holders. Each
oversubscribing Exercising Holder shall be obligated to buy such number of additional New
Securities as determined by the Company pursuant to this subsection (b) and the Company
shall so notify the Exercising Holders within fifteen (15) Business Days of the date of the Second
Participation Notice.

     4.5 Failure to Exercise. Upon the expiration of the Second Participation Period, or
in the event no Participation Rights Holder exercises the Right of Participation, after thirty (30)
days following the delivery of the First Participation Notice, the Company shall have ninety (90)
days thereafter to sell the fifty percent (50%) of the New Securities described in the First
Participation Notice (with respect to which the Participation Rights Holders’ Right of
Participation hereunder was not exercised) at the same or higher price and upon non-price terms not
more favorable to the purchasers thereof than specified in the First Participation Notice. In the
event that the Company has not issued and sold such New Securities within such ninety (90) day
period, then the Company shall not thereafter issue or sell any New Securities without again first
offering fifty percent (50%) of such New Securities to the Participation Rights Holders pursuant to
this Section 4.

     4.6 Termination. The Right of Participation for the Investors and each other
Participation Rights Holder shall terminate upon completion of a Qualified IPO or Exchange Act
Registration.

5. ASSIGNMENT. Notwithstanding anything herein to the contrary:

     5.1 Information Rights. The rights of each Investor under Sections 2.1 and
2.2 are transferable prior to a Qualified IPO to any person who holds or is acquiring
Investment Securities in a permitted transfer; provided, however, that Company is given written
notice at the time of such assignment stating the name and address of the assignee and identifying
the securities of the Company as to which the rights in question are being assigned; and, provided
further, that any such assignee shall receive such assigned rights subject to all the terms and
conditions of this Agreement, including without limitation the provisions of this Section
5, and agree to abide by this Agreement by executing a Joinder Agreement.

     5.2 Registration Rights. The registration rights of the Holders under Section
3 are fully assignable to any person who holds or is acquiring Registrable Securities in a
permitted transfer; provided, however, that the Company is given written notice at the time of such
assignment stating the name and address of the assignee and identifying the securities of the
Company as to which the rights in question are being assigned; and, provided further, that any such
assignee shall receive such assigned rights subject to all the terms and conditions of this
Agreement, including without limitation the provisions of this Section 5, and agree to
abide by this Agreement by executing a Joinder Agreement.

     5.3 Rights of Participation. The Rights of Participation of the Investors under
Section 4 hereof are fully assignable to any person who holds or is acquiring Investment
Securities in a permitted transfer; provided, however, that the Company is given written notice at
the time of such assignment stating the name and address of the assignee and identifying the
securities of the Company as to which the rights in question are being assigned; and, provided
further, that any such assignee shall receive such assigned rights subject to all the terms and
conditions of this Agreement, including without limitation the provisions of this Section 5, and agree to abide by this Agreement by executing a Joinder Agreement.

6. PROTECTIVE PROVISIONS.

     6.1 Acts of the Company Requiring a Majority of Preferred Share Approval. Any action
(whether by amendment of the Company’s Memorandum and/or Articles of Association or otherwise, and
whether in a single transaction or a series of related transactions) that effects or approves any
of the following transactions involving the Company or any of its Subsidiaries shall require the
written approval of, in addition to a Board resolution duly passed, the holder(s) of not less than
a majority of the Preferred Shares then outstanding (voting together as a class, on an as-converted
basis), and in the context of any matter set forth in this Section 6.1 which is by the
Statute required to be determined by the members of the Company, the approval of the holders of the
Preferred Shares shall be deemed obtained if the matter is approved at a general meeting of the
Company with the affirmative vote of not less than a

15

 

majority of the Preferred Shares (voting
together as a class, on an as-converted basis) or by way of a written resolution signed by the
holder(s) of not less than seventy-five percent (75%) of the Preferred Shares (calculated on an
as-converted basis):

          (a) Cease to conduct or carry on the business of the Company and/or its Subsidiaries
substantially as now conducted or, in the case of a Subsidiary of the Company, as conducted at the
time it became a Subsidiary of the Company or any material change of its business;

          (b) Sell or dispose of the whole or a substantial part of the undertaking goodwill or material
assets of the Company and/or any of its Subsidiaries;

          (c) Make any distribution of profits amongst the shareholders by way of dividend, (interim and
final) capitalization of reserves or otherwise;

          (d) Appoint, hire, terminate, or settle the terms of appointment of Chief Executive Officer
(CEO);

          (e) Settle or alter the terms of any bonus (other than as approved in the annual budget) or
profit sharing scheme or any employee share option or share participation scheme;

          (f) Acquire any investment or incur any commitment in excess of US$7.5 million at any time in
respect of any one transaction or in excess of US$25 million at any time in related transactions in
any financial year of the Company and/or any of its Subsidiaries;

          (g) Borrow any money or obtain any financial facilities (including but not limited to
factoring, facility letters, undertakings, guarantees, indemnities, comfort letters, etc.,) except
pursuant to trade facilities obtained from banks or other financial institutions not exceeding
US$2.5 million;

          (h) Create, allow to arise or issue any debenture constituting a pledge, lien or charge
(whether by way of fixed or floating charge, mortgage encumbrance or other security) on all or any
of the undertaking, assets or rights of the Company and/or any of its Subsidiaries except for the
purpose of securing borrowings from banks or other financial institutions in the ordinary course of
business not exceeding US$2.5 million or in excess of US$10 million at any time in any financial
year;

          (i) Change the accounting principles currently adopted by he Company;

          (j) Sell, transfer, license, charge, encumber or otherwise dispose of any trademarks, patents
or other intellectual property owned by the Company and/or any of its Subsidiaries;

          (k) Pass any resolution for the winding up of the Company and/or any of its Subsidiaries or
undertake any merger, reconstruction or liquidation exercise concerning the Company and/or any of
its Subsidiaries or apply for the appointment of a receiver, manager or judicial manager or like
officer;

          (l) Approve or make adjustments or modifications to terms of transactions involving the
interest of any director or shareholder of the Company and/or its Subsidiaries, including but not
limited to the making of any loans or advances, whether directly or indirectly, or the provision of
any guarantee, indemnity or security for or in connection with any indebtedness of liabilities of
any director or shareholder of the Company and/or its Subsidiaries;

          (m) Acquire any share capital or other securities of any body corporate;

          (n) Dispose of or dilute the Company’s interest, directly or indirectly, in any of its
Subsidiaries;

          (o) Approve any transfer of shares in the Company or any of its Subsidiaries, other than to
wholly owned entity of the Company;

          (p) Enter into any joint-venture agreements or the formation of any Subsidiaries;

          (q) Enter into arrangements for any public offering of the Company’s or any of its
Subsidiaries’ securities;

16

 

          (r) Make any advances or other credits involving more than US$10,000 in a single transaction
to any person, or guarantee, indemnity, act as surety for, or otherwise secure or accept or assume
any direct or indirect liability for the liabilities of or obligations of any person except as
security for facilities or loans granted to the Company and any of its Subsidiaries or by the
Company or any of its Subsidiaries in the ordinary course of business;

          (s) Alter, amend, or otherwise modify any material terms of any financing or lending
agreements or arrangements to which the Company and/or any of its Subsidiaries is a party; or

          (t) Increase the authorized number of Directors.

     6.2 Acts of the Company Requiring a Majority of Series A Preferred Share Approval.
Any action (whether by amendment of the Company’s Memorandum and/or Articles of Association or
otherwise, and whether in a single transaction or a series of related transactions) that effects or
approves any of the following transactions involving the Company or any of its Subsidiaries, shall
require the written approval, in addition to a Board resolution duly passed, of holder(s) of not
less than a majority of the Series A Preferred Shares and Series A-1 Preferred Shares (voting
together as a class, on an as-converted basis), provided, however, that none of the holders of
Series A Preferred Shares or Series A-1 Preferred Shares shall unreasonably withhold or delay its
approval and provided further, that each holder of Series A Preferred Shares and Series A-1
Preferred Shares (including its assignees) shall respond with its decision within fifteen (15)
Business Days upon receipt of any written request by the Company, duly issued in accordance with
the notice provisions herein, for such approval, failing which it is deemed a delay, and in the
context of any matter set forth in this Section 6.2 which is by the Statute required to be
determined by the members of the Company, the approval of the holders of the Series A Preferred
Shares and Series A-1 Preferred Shares shall be deemed obtained if the matter is approved at a
general meeting of the Company with the affirmative vote of not less than a majority of the Series
A Preferred Shares and Series A-1 Preferred Shares (voting together as a class, on an as-converted
basis) or by way of a written resolution signed by the holder(s) of not less than seventy five
person (75%) of the Series A Preferred Shares and Series A-1 Preferred Shares (calculated on an
as-converted basis):

          (a) Adversely amend or change the rights, preferences, privileges or powers of, or the
restrictions provided for the benefit of the holders of Series A Preferred Shares or Series A-1
Preferred Shares;

          (b) Take any action that authorizes, creates or issues shares of any class or series having
preferences superior to or on parity with the Series A Preferred Shares or the Series A-1 Preferred
Shares; or

          (c) Take any action that reclassifies any outstanding securities of the Company into
securities having preferences or priority as to dividends or assets senior to or on parity with the
preferences reserved for the Series A Preferred Shares or the Series A-1 Preferred Shares;

     6.3 Acts of the Company Requiring a Majority of Series B Preferred Share Approval.
Any action (whether by amendment of the Company’s Memorandum and/or Articles of Association or
otherwise, and whether in a single transaction or a series of related transactions) that effects or
approves any of the following transactions involving the Company or any of its Subsidiaries, shall
require the written approval, in addition to a Board resolution duly passed, of holder(s) of not
less than a majority of the Series B Preferred Shares (voting together as a class, on an
as-converted basis), provided, however, that none of the holders of Series B Preferred Shares shall
unreasonably withhold or delay its approval and provided further, that each holder of Series B
Preferred Shares (including its assignees) shall respond with its decision within fifteen (15)
Business Days upon receipt of any written request by the Company, duly issued in accordance with
the notice provisions herein, for such approval, failing which it is deemed a delay, and in the
context of any matter set forth in this Section 6.3 which is by the Statute required to be
determined by the members of the Company, the approval of the holders of the Series B Preferred
Shares shall be deemed obtained if the matter is approved at a general meeting of the Company with
the affirmative vote of not less than a majority of the Series B Preferred Shares (voting together
as a class, on an as-converted basis) or by way of a written resolution signed by the holder(s) of
not less than seventy five percent (75%) of the Series B Preferred Shares:

          (a) Adversely amend or change the rights, preferences, privileges or powers of, or the
restrictions provided for the benefit of the holders of Series B Preferred Shares;

          (b) Take any action that authorizes, creates or issues shares of any class or series having
preferences superior to or on parity with the Series B Preferred Shares; or

17

 

          (c) Take any action that reclassifies any outstanding securities of the Company into
securities having preferences or priority as to dividends or assets senior to or on parity with the
preferences reserved for the Series B Preferred Shares.

     6.4 Acts of the Company Requiring a Majority of Series C Preferred Share Approval.
Any action (whether by amendment of the Company’s Memorandum and/or Articles of Association or
otherwise, and whether in a single transaction or a series of related transactions) that effects or
approves any of the following transactions involving the Company or any of its Subsidiaries, that
materially and adversely affects the rights of holders of Series C Preferred Shares and does not
materially and adversely affect the rights of holders of all other Preferred Shares in the same
manner, shall require the written approval, in addition to a Board resolution duly passed, of
holder(s) of not less than a majority of the Series C Preferred Shares (voting together as a class,
on an as-converted basis), provided, however, that none of the holders of Series C Preferred Shares
shall unreasonably withhold or delay its approval and provided further, that each holder of Series
C Preferred Shares (including its assignees) shall respond with its decision within fifteen (15)
Business Days upon receipt of any written request by the Company, duly issued in accordance with
the notice provisions herein, for such approval, failing which it is deemed a delay, and in the
context of any matter set forth in this Section 6.4 which is by the Statute required to be
determined by the members of the Company, the approval of the holders of the Series C Preferred
Shares shall be deemed obtained if the matter is approved at a general meeting of the Company with
the affirmative vote of not less than a majority of the Series C Preferred Shares (voting together
as a class, on an as-converted basis) or by way of a written resolution signed by all the holder(s)
of the Series C Preferred Shares:

          (a) Increase, reduce or cancel the authorized or issued share capital of the Company and/or
any of its Subsidiaries or issue, allot, purchase or redeem any shares or securities convertible
into or carrying a right of subscription in respect of shares or any share warrants or grant or
issue any options, rights or warrants or which may require the issue of shares in the future or do
any act which has the effect of diluting or reducing the effective shareholding of the holders of
the Series C Preferred Shares in the Company, except for the redemption of the Preferred Shares in
accordance with the terms of their issue and same for the issue of Common Shares in accordance with
the conversion of the Preferred Shares;

          (b) Make any alteration or amendment to the Memorandum and/or Articles of Association or any
other charter documents of the Company or any of its Subsidiaries;

          (c) Amend or change the rights, preferences, privileges or powers of, or the restrictions
provided for the benefit of the holders of Series C Preferred Shares;

          (d) Take any action that authorizes, creates or issues shares of any class or series having
preferences superior to or on parity with the Series C Preferred Shares; or

          (e) Take any action that reclassifies any outstanding securities of the Company into
securities having preferences or priority as to dividends or assets senior to or on parity with the
preferences reserved for the Series C Preferred Shares.

     6.5 Notwithstanding any other contrary provision in this Agreement and the Agreed M&A, so long
as any Preferred Shares are outstanding, any action (whether by amendment of the Company’s
Memorandum and/or Articles of Association or otherwise, and whether in a single transaction or a
series of related transactions) that effects or approves any of the following transactions
involving the Company or any of its Subsidiaries shall require the approval (by vote or written
consent, as provided by the Companies Law of the Cayman Islands, as amended from time to time) of
the Board (including the consent of all Preferred Shareholder Directors):

          (a) Appoint, hire, terminate, or settle the terms of appointment of any managing director,
general manager, chairman, financial controller, Chief Financial Officer (CFO), Chief Operating
Officer (COO), Chief Technical Officer (CTO), or any other officer with a rank of Senior Vice
President or higher;

          (b) Adopt the annual accounts of the Company and/or any of its Subsidiaries or change the
financial year of the Company or any of its Subsidiaries;

          (c) Appoint or change the Auditor of the Company;

          (d) Establishment of branch;

          (e) Alter or amend or otherwise modify any terms of any financing or lending agreements or
arrangements to which the Company and/or any of its Subsidiaries is a party; or

18

 

          (f) Approve or amend any quarterly or annual budget, business plan, or operating plan
(including any capital expenditure budget, operating budget or financing plan).

7. BOARD REPRESENTATION RIGHTS; CERTAIN INVESTORS RIGHTS.

     7.1 Board of Directors.

          (a) Prior to Qualified IPO. The Company’s Articles of Association shall, upon
consummation of the Closing, provide for a Board initially consisting of a minimum of five (5) but
a maximum of seven (7) directors, with any increase in the number of Directors from seven (7)
requiring the unanimous approval of the Board. As soon as practical after the Closing, the Company
shall identify two (2) individuals who shall have agreed to serve as independent directors of the
Company, and upon the acceptance of such individuals by the holders of a majority of the Common
Shares then outstanding (calculated on an as-converted and fully-diluted basis), the Company and
the Investors shall take all necessary steps, including without limitation procuring the
resignation of certain members of the then current Board, to cause the Board to be reconstituted to
consist of: (A) two (2) directors (each, a “Preferred Shareholder Director,” and collectively, the
“Preferred Shareholder Directors”), to be nominated and elected by holders of the largest and
second largest number, respectively, of all Preferred Shares then outstanding and entitled to vote,
calculated on an as-converted and fully diluted basis; provided, however, in the event that the
Investor holding the largest number of all Preferred Shares and/or the Investor holding the second
largest number of all Preferred Shares elects not to nominate a Preferred Shareholder Director,
then the Investor holding the next largest number of all Preferred Shares shall be entitled to
nominate such Preferred Shareholder Director; provided, further, that no Investor holding less than
10,000,000 Preferred Shares shall be entitled to nominate and elect a Preferred Shareholder
Director; (B) two (2) and up to four (4) independent Directors nominated by any shareholder and
elected by holders of a majority of all Common Shares then outstanding and entitled to vote,
calculated on an as-converted and fully diluted basis; and (C) the then incumbent Chief Executive
Officer of the Company.

          (b) Upon Qualified IPO. Immediately prior to the consummation of a Qualified IPO, the
Investors and the Company shall take all necessary steps, including effecting any necessary
amendments to the Company’s Articles of Association, to restructure the composition of the Board to
ensure that the Board shall include at least three (3) Independent Directors (as defined by SEC
rules or the applicable listing exchange).

          (c) Notwithstanding any provision to the contrary in this Agreement, if a Qualified IPO shall
not be consummated as of December 31, 2008, or upon any earlier date on which the Board in good
faith determines to terminate efforts to effect a Qualified IPO, the Investors and the Company
shall take all necessary steps, including effecting any necessary amendments to the Company’s
Articles of Association, to cause the Board to be recomposed as reasonably agreed upon by the
Company and Investors holding at least a majority of all Preferred Shares then outstanding (voting
as a class and on an as-converted basis); provided, however, that in no event shall the number of
the Directors of the so reconstituted Board exceed nine (9).

     7.2 Board Committees.

          (a) Compensation Committee. The Company shall set up a compensation committee (the
“Compensation Committee”) as soon as reasonably practicable after the Closing with at least three
(3) members, including one (1) Preferred Shareholder Director and two (2) independent Directors.
The Compensation Committee shall be responsible for evaluating and recommending to the Board for
action all matters related to the Group Companies’ annual compensation and/or bonus plan, share
option plan, and employee related compensation matters, including the appointment of the chairman
of the finance and Compensation Committee. Any recommendation to be made to the Board shall
require the approval by the majority of the members of the Compensation Committee. The membership
of the Compensation Committee may be changed upon a determination of the Board in connection with
the preparation for or consummation of a Qualified IPO.

          (b) Audit Committee. The Company shall set up an Audit committee (the “Audit
Committee”) as soon as reasonably practicable after the Closing with at least three (3) members,
including two (2) Directors nominated by the Investors and one (1) Director nominated by the
holders of a majority of Common Shares. The Audit Committee shall be responsible for the
appointment, compensation and oversight of the Company’s auditors. Any recommendation to be made
to the Board shall require approval by the majority of the members of the Audit Committee. The
membership of the Audit Committee may be changed upon a determination of the Board in connection
with the preparation for or consummation of a Qualified IPO.

     7.3 Board; Quorum; Meetings, Etc. The Company’s Articles of Association shall provide
for a quorum (which shall exist at the time of the voting as well as the attendance of the Board
meeting) of the Board of three (3) Directors, including at least one (1) Director elected by
holders of Preferred Shares, provided, however, that if such

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quorum cannot be obtained for a Board meeting after one (1) notice of Board meeting has been
sent by the Company with such notice providing not less than five (5) working days of prior notice,
then the attendance of any three (3) Directors shall constitute a quorum. Notices and agendas of
Board meetings as well as copies of all board papers shall be sent to all Investors at least five
(5) working days prior to the relevant Board meeting. Minutes of Board meetings shall be sent to
Investors within thirty (30) days after the relevant meeting. The Company shall hold Board
meetings at least once per quarter.

     7.4 Board Observers.

          (a) For so long as any Investor holds at least 10,000,000 then outstanding Preferred Shares
(the calculation of which shall include Series C Preferred Shares actually purchased at the
Closing), and provided that such Investor has not designated any member of the then current Board,
such Investor shall have the right to designate one observer (each, an “Investor Observer”) to
attend and speak at all meetings of the Board and all committees thereof (whether in person, by
telephonic or other means) in a non-voting, observer capacity and the Company shall provide to each
of the Investor Observers, concurrently with the members of the Board, and in the same manner,
notice of such meeting and a copy of all materials provided to such members, provided, however,
that each of the Investor Observers shall execute a Confidentiality and Non-Disclosure Agreement
upon his or her designation as an Investor Observer in form and substance reasonably satisfactory
to the Company and the Investor Observer (except that any Investor Observer designated by Intel
shall be governed by the Corporate Non Disclosure Agreement as referred to below in Subsection
10.11(e)); provided, further, that the right of any Investor to designate an Investor Observer
shall cease to exist immediately upon the closing of a Qualified IPO.

          (b) Notwithstanding any provision to the contrary in this Agreement, if a Qualified IPO shall
not be consummated on or prior to December 31, 2008, or upon any earlier date on which the Board in
good faith determines to terminate efforts to effect a Qualified IPO, the Investors and the Company
shall take all necessary steps, including effecting any necessary amendments to the Company’s
Articles of Association, to cause the right of any Investor to designate an Investor Observer in
accordance with the provisions of Section 7.4(a) to be reinstated.

     7.5 Waiver. The Company acknowledges that each Investor will likely have, from time
to time, information that may be of interest to the Company or its Subsidiaries (“Information”)
regarding a wide variety of matters including, by way of example only, (1) an Investor’s
technologies, plans and services, and plans and strategies relating thereto, (2) current and future
investments an Investor has made, may make, may consider or may become aware of with respect to
other companies and other technologies, products and services, including, without limitation,
technologies, products and services that may be competitive with those of the Company or its
Subsidiaries, and (3) developments with respect to the technologies, products and services, and
plans and strategies relating thereto, of other companies, including, without limitation, companies
that may be competitive with the Company or any of its Subsidiaries. The Company recognizes that a
portion of such Information may be of interest to the Company or any of its Subsidiaries. Such
Information may or may not be known by the director representing the Investor (“Investor Director”)
or Investor Observer. The Company, as a material part of the consideration for this Agreement,
agrees that neither any Investor Observer nor any Investor Director shall have any duty to disclose
any Information to the Company or its Subsidiaries, or permit the Company or any of its
Subsidiaries to participate in any projects or investments based on any Information, or to
otherwise take advantage of any opportunity that may be of interest to the Company or any of its
Subsidiaries if it were aware of such Information, and hereby waives, to the extent permitted by
law, any claim based on the corporate opportunity doctrine or otherwise that could limit any
Investor’s ability to pursue opportunities based on such Information or that would require any
Investor, any Investor Director or the Investor Observer to disclose any such Information to the
Company or any of its Subsidiaries or offer any opportunity relating thereto to the Company or any
of its Subsidiaries. The Investors and the Company hereby irrevocably agree that as the Preferred
Shareholder Directors are the nominees of holders of the largest and second largest number,
respectively, of all Preferred Shares (on an as-converted basis), and each Investor Observer is a
nominee of an Investor, such Preferred Shareholder Directors and each Investor Observer shall be
entitled to, and the holders of the largest and second largest number of all Preferred Shares (on
an as-converted basis), and each Investor can require its nominee (whether the Preferred
Shareholder Directors or an Investor Observer, as the case may be) to, report all matters
concerning the Company and its Subsidiaries, including but not limited to, matters discussed at any
meeting of the Board, such nominee’s nominating Investor and such persons to whom the holders of
the largest and the second largest number of all Preferred Shares (on an as-converted basis), and
such Investor may disclose information pursuant to Section 10.11 and that the Preferred
Shareholder Directors and Investor Observers may take advice and obtain instructions from his/her
nominating Investor.

     7.6 Assignment and Termination. The rights of the Investors set forth in this
Section 7 are fully assignable to any person who holds or is acquiring Series A Preferred
Shares, Series A-1 Preferred Shares, Series B Preferred Shares, and/or Series C Preferred Shares in
a permitted transfer and thereafter will hold sufficient equity securities to obtain the rights set
forth in this Section 7; provided, however that the Company is given written notice at the
time of such assignment stating the name and address of the assignee and identifying the securities
of the

20

 

Company as to which the rights in question are being assigned; and provided further that any
such assignee shall receive such assigned rights subject to all the terms and conditions of this
Agreement, including without limitation the provisions of this Section 7, and agree to
abide by this Agreement by executing a Joinder Agreement. The rights of the Investors in this
Section 7 shall terminate upon completion of a Qualified IPO.

     7.7 Subsidiaries’ Boards. It is further agreed that the board of directors of the
Subsidiaries of the Company (including in the event that the Company shall form or acquire any new
Subsidiaries) shall be determined by the Board of Directors of the Company in accordance with
applicable law.

     7.8 Insurance and Indemnification. The Company will provide customary director
insurance coverage for the Board members as approved by the Investors holding a majority of the
Preferred Shares (voting as a class and on an as-converted basis). Notwithstanding any other
provision in this Agreement or in the Agreed M&A, the Company shall, and shall procure the Group
Companies to, jointly and severally, indemnify to the fullest extent permitted by applicable law
any director made or threatened to be made a party to an action or proceeding, whether criminal,
civil, administrative or investigative, by reason of the fact that he is or was a director or
officer of the Company or any predecessor of the Company, or any other Group Company or serves or
served at any other enterprise as a director or officer at the request of the Company or any
predecessor to the Company.

     7.9 Director Expenses. The Company shall reimburse any non-local Investor Directors
for all reasonable out of pocket travel and related expenses incurred in connection with Board
duties and meetings up to US$2,000 per calendar year (per Investor group, in case of Investor
Directors). The reimbursement to be paid to the independent Directors shall be determined by the
Board.

8. GOING PUBLIC; SALE OF THE COMPANY.

     8.1 Qualified IPO; Company Sale. The Company undertakes to use its best efforts to,
(i) conduct a Qualified IPO of the Company on the NASDAQ or Hong Kong Stock Exchange (Main Board or
GEM) or any other stock exchange consented to by the Investors pursuant to Section 6.1 or
(ii) sell the Company in a bona fide transaction through a merger or consolidation with another
company where the Company is not the surviving entity, by capitalization, or through a sale of all
or substantially all of the outstanding equity securities or the assets of the Company or otherwise
(a “Company Sale”), in each case on or prior to December 31, 2010. The Company shall issue a
maximum of thirty percent (30%) of its enlarged share capital in connection with a Qualified IPO,
subject to any applicable stock exchange requirements for maximum and minimum offering sizes.

     8.2 Qualified IPO; Non-US Offerings.

          (a) Participation Rights. If the Company’s Common Shares are offered to the public in
an underwritten public offering (whether or not such underwritten public offering constitutes a
Qualified IPO) in any jurisdiction other than the United States (a “Non-US Offering”) and such
offering includes outstanding Common Shares of any one or more selling shareholders, then each
Investor shall have the right to include its IPO Pro Rata Share (as defined in the next sentence)
in such offering on terms and conditions no less favorable to the Investors than to any other
selling shareholder. For purposes of this Section 8.2, “IPO Pro Rata Share” shall mean the
ratio of (a) the number of Common Share Equivalents then held by such Investor, to (b) the total
number of Common Share Equivalents then outstanding immediately prior to the Qualified IPO.

          (b) Expenses. The Company shall pay all expenses (excluding only underwriters’
discounts and commissions) incurred in connection with any Non-US Offering pursuant to this
Section 8.2, including without limitation all foreign registration, filing and
qualification fees, printer’s and accounting fees, and reasonable fees and expenses (including
disbursements) of outside counsel for the Selling Shareholders. Each Selling Shareholder
participating in an offering pursuant to this Section 8.2 shall bear such Selling
Shareholder’s proportionate share (based on the total number of shares sold in such offering other
than for the account of the Company) of all discounts and commissions or other amounts payable to
underwriter(s) or brokers, in connection with such offering by the Selling Shareholders.

9. UNDERTAKINGS OF THE COMPANY AND RESTRICTED PARTIES.

     9.1 No Share Transfers.

          (a) Except as exempted under subsection 9.1(b) below, notwithstanding any provision to
the contrary in any Transaction Agreement, no Restricted Party shall transfer any of its shares in
the Company for a period of one (1) year following the Closing without the prior written consent of
the Investors representing at least sixty-seven percent (67%) of the Preferred Shares then
outstanding (voting as a class and on an as-converted basis).

21

 

For the avoidance of doubt, after the expiration of such one (1) year period, all transfers of shares
in the Company by the Restricted Parties shall remain subject to the obligations set forth in
Section 2 of the ROFR Agreement. The share transfer restrictions imposed by this
Section 9.1 shall terminate automatically if the Investors sell or transfer to third
parties in the aggregate more than fifty percent (50%) of Preferred Shares held by the Investors.

          (b) Any transfer by any natural Person of any issued and outstanding shares in the Company
shall be exempt from the transfer restrictions under any Transaction Agreements, including any
right of first refusal and co-sale rights, so long as the transfer is (i) to a legal representative
of such transferor upon the death of such transferor or after such transferor becomes
incapacitated; (ii) by will, intestacy laws or the laws of descent or survivorship; or (iii)
pursuant to a court order upon the termination of a marital relationship of such transferor.

     9.2 Company Charter Documents; Agreed M&A. The Company will ensure that no alteration
or amendment is made to the Agreed M&A or any charter documents of any of the Group Companies
except in accordance with the Transaction Agreements. Without limiting the foregoing, the Company
will abide by and act in accordance with the Agreed M&A, as duly amended from time to time,
including without limitation, the articles therein relating to the anti-dilution rights, redemption
rights, and liquidation preference and compulsory dividend rights reserved for the holders of the
Series A Preferred Shares, Series A-1 Preferred Shares, Series B Preferred Shares and Series C
Preferred Shares. The Agreed M&A is hereby incorporated into this Agreement by this reference.

     9.3 Performance of Agreements. The Company will, and cause each of the Group
Companies to, abide by and perform all of the obligations of the Company and such Group Company (as
the case may be) set forth in the Transaction Agreements.

     9.4 Invention Assignment and Confidentiality Agreement. Every key employee (employees
with a rank of Senior Vice President or higher) of the Company or any Group Company will enter into
an Intellectual Property Rights and Confidentiality Agreement in a form as determined by the Board
of the Company and reasonably acceptable to the Investors.

     9.5 Compliance with Restructuring Agreements. The Company hereby undertakes to comply
with, and to cause Haihui Dalian and the Group Companies to comply with, all the terms of the
Restructuring Agreements (as defined in Section 1.1 of the Series C Share Purchase
Agreement) to which Haihui Dalian or any Group Company is a party.

10. GENERAL PROVISIONS.

     10.1 Notices. Except as may be otherwise provided herein, all notices, requests,
waivers and other communications made pursuant to this Agreement shall be in writing and in English
and shall be conclusively deemed to have been duly given (a) when hand delivered to the other
party; (b) when sent by facsimile at the number set forth below upon successful transmission report
being generated by the sender’s machine; or (c) three (3) Business Days after deposit with an
international overnight delivery service, postage prepaid, addressed to the parties as set forth
below with next-business-day delivery guaranteed, provided that the sending party receives a
confirmation of delivery from the delivery service provider.

	 	 	 
	To the Company:

	 	To a Restricted Party:
	 
	 	 
	6F, Haya Plaza, 1 Shangdi East Road,
Haidian District,
Beijing 100085,
P.R.China

	 	The addresses set forth next
to each Restricted Party on
Schedule 1 (Schedule of Restricted Parties)
	Attn: Christine Lu-Wong
	 	 
	 
	 	 
	Fax Number: 86-411-84791350
	 	 
	Tel. Number: 86-411-84791666-8252
	 	 
	 
	 	 
	With a copy to:
	 	 
	 
	 	 
	O’Melveny & Myers LLP
	 	 
	Yin Tai Office Tower, 37th Floor
	 	 
	No. 2 Jianguomenwai Ave.
	 	 
	Chao Yang District, Beijing 100022
	 	 
	 
	 	 
	Attn: Thomas Hall
	 	 
	 
	 	 
	Fax Number: 86-10-6563 4201
	 	 

22

 

	 	 	 
	Tel. Number: 86-10-6563 4201
	 	 
	 	 	 
	To an Investor:
	 	 
	 	 	 
	The addresses set forth next to each
Investor on Schedule 2 (Schedule of
Investors)
	 	 

     Each person making a communication hereunder by facsimile shall promptly confirm by telephone
to the person to whom such communication was addressed each communication made by it by facsimile
pursuant hereto but the absence of such confirmation shall not affect the validity of any such
communication. A party may change or supplement the addresses given above, or designate additional
addresses, for purposes of this Section 10.1 by giving the other party written notice of
the new address in the manner set forth above.

     10.2 Entire Agreement; Conflicts. This Agreement, together with all the exhibits
hereto, constitutes and contains the entire agreement and understanding of the parties with respect
to the subject matter hereof and supersedes any and all prior negotiations, correspondence,
agreements, understandings, duties or obligations between the parties respecting the subject matter
hereof. In the event of any conflicts with the Agreed M&A, the provisions of this Agreement shall
prevail.

     10.3 Governing Law. This Agreement shall be governed by and construed exclusively in
accordance with the laws of the State of New York, without regard to conflict of law principles.

     10.4 Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable law, then such provision(s) shall be excluded from this Agreement
and the balance of this Agreement shall be interpreted as if such provision(s) were so excluded and
shall be enforceable in accordance with its terms.

     10.5 Third Parties. Nothing in this Agreement, express or implied, is intended to
confer upon any person, other than the parties hereto and their permitted successors and assigns,
any rights or remedies under or by reason of this Agreement.

     10.6 Successors and Assigns. Subject to the provisions of Section 5.1 and
Section 7.6, the provisions of this Agreement shall inure to the benefit of, and shall be
binding upon, the successors and permitted assigns of the parties hereto. Except as expressly
stated otherwise, the rights of the Investors set forth in this Agreement are fully assignable to
any person who holds or is acquiring Series A Preferred Shares, Series A-1 Preferred Shares, Series
B Preferred Shares, and/or Series C Preferred Shares through a permitted transfer.

     10.7 Interpretation; Captions. This Agreement shall be construed according to its fair
language. The rule of construction to the effect that ambiguities are to be resolved against the
drafting party shall not be employed in interpreting this Agreement. The captions to sections of
this Agreement have been inserted for identification and reference purposes only and shall not be
used to construe or interpret this Agreement.

     10.8 Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed an original, and all of which together shall constitute one and the same instrument.

     10.9 Adjustments for Share Splits, Etc. Wherever in this Agreement there is a
reference to a specific number or percentage of the Preferred Shares and/or Common Shares, then,
upon the occurrence of any share subdivision, share split, combination, reclassification, merger,
consolidation, reorganization, recapitalization or share dividend of Preferred Shares or Common
Shares, as applicable, the specific number of shares so referenced in this Agreement shall
automatically be proportionally adjusted to reflect the affect on the outstanding shares of such
class or series of share by such event.

     10.10 Dispute Resolution.

          (a) Negotiation Between Parties; Mediations. The parties agree to negotiate in good
faith to resolve any dispute between them regarding this Agreement. If the negotiations do not
resolve the dispute to the reasonable satisfaction of both parties, then each party that is a
company shall nominate one authorized senior officer as its representative. The parties or their
representatives, as the case may be, shall, within thirty (30) days of a written request by either
party to call such a meeting, meet in person and alone (except for one assistant for each party)
and shall attempt in good faith to resolve the dispute. If the dispute cannot be resolved by such
senior managers in such meeting, the parties agree that they shall, if requested in writing by
either party, meet within thirty (30) days after such written notification for one day with an
impartial mediator and consider dispute resolution

23

 

alternatives other than formal arbitration.
If an alternative method of dispute resolution is not agreed upon within thirty
(30) days after the one day mediation, either party may begin formal arbitration proceedings to be
conducted in accordance with subsection (b) below. This procedure shall be a prerequisite
before taking any additional action hereunder.

          (b) Arbitration. In the event the parties are unable to settle a dispute between them
regarding this Agreement in accordance with subsection (a) above, such dispute shall be
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 subsection (b) subject to the
following: The arbitration tribunal shall consist of one arbitrator to be appointed according to
the UNCITRAL Rules by HKIAC. The language of the arbitration shall be English. Notwithstanding
anything in this Agreement 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
Investor 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 Investor 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.

     IFC’s submission to arbitration in accordance with the provisions of this Clause 10.10(b) does
not constitute a waiver of any of its immunities under its Articles of Agreement, the International
Organizations Immunities Act, the International Finance Corporation Act or any other applicable
law.

     10.11 Confidentiality and Non-Disclosure.

          (a) Disclosure of Terms. Each party hereto acknowledges that the terms and conditions
(collectively, the “Financing Terms”) of this Agreement, the Series C Share Purchase Agreement, the
other Transaction Agreements, and all exhibits, restatements and amendments thereto (collectively,
the “Financing Agreements”), including their existence, shall be considered confidential
information and shall not be disclosed by it to any third party except in accordance with the
provisions set forth below. Save for Intel, which shall be separately bound by its Corporate Non
Disclosure Agreement as referred to below in subsection 10.11(e) each Investor agrees with
the Company that it will keep confidential and will not disclose or divulge, any information which
such Investor obtains from the Company, pursuant to financial statements, reports, and other
materials provided by the Company to such Investor, or pursuant to information rights granted under
this Agreement or any other related documents, unless the information is known, or until the
information becomes known, to the public through no fault of such Investor, or unless the Company
gives its written consent to such Investor’s release of the information.

          (b) Press Releases. Within sixty (60) days of the Closing, the Company may issue a
press release disclosing that Investors have invested in the Company provided that (1) the release
does not disclose any of the Financing Terms, (2) the press release discloses only the entire
amount invested in the investment round, without disclosing the amount invested by any particular
Investor, and (3) the final form of the press release is approved in advance in writing by each
Investor mentioned therein, which approval shall not be unreasonably withheld.

          (c) Permitted Disclosures. Notwithstanding the foregoing or anything to the contrary,

               (1) the Company may disclose any of the Financing Terms to its current or bona fide
prospective investors, employees, investment bankers, lenders, accountants and attorneys, in each
case only where such persons or entities are under appropriate nondisclosure obligations;

               (2) each Investor may, without disclosing the identities of the other Investors or the
Financing Terms of their respective investments in the Company without their consent, disclose such
Investor’s investment in the Company and the Financing Terms of its investment to third parties or
to the public at its sole discretion and in relation thereto may use the Company’s logo and
trademark, and may include links to the Company’s website (without requiring the Company’s further
consent). If the Investor does so, the other parties shall have the right to disclose to third
parties any such information disclosed in a press release or other public announcement by such
Investor;

               (3) each Investor shall have the right to disclose:

                    (i) any information to such Investor’s Affiliates, such Investor’s and/or its Affiliate’s
legal counsel, auditor, insurer, accountant, consultant or to an officer, director, general
partner, limited partner, shareholder, investment counselor or advisor, or employee of such
Investor and/or its Affiliate; provided,

24

 

however, that any counsel, auditor, insurer, accountant,
consultant, officer, director, general partner, limited partner, shareholder, investment
counselor or advisor, or employee shall be advised of the confidential nature of
the information or are under appropriate non-disclosure obligations imposed by professional ethics,
law or otherwise;

                    (ii) any information for fund and inter-fund reporting purposes;

                    (iii) any information as required by law, government authorities, exchanges and/or regulatory
bodies, including by the SEC (or equivalent for other venues);

                    (iv) any information to bona fide prospective purchasers/investors of any share, security or
other interests in the Company; and/or

                    (v) any information contained in press releases or public announcements of the Company
pursuant to subsection 10.11(b) above.

               (4) the confidentiality obligations set out in this Section 10.11 do not apply to:

                    (i) information which was in the public domain or otherwise known to the relevant party before
it was furnished to it by another party hereto or, after it was furnished to that party, entered
the public domain otherwise than as a result of (1) a breach by that party of this Section
10.11 or (2) a breach of a confidentiality obligation by the discloser, where the breach was
known to that party;

                    (ii) information the disclosure of which is necessary in order to comply with any applicable
law, the order of any court, the requirements of a stock exchange or to obtain tax or other
clearances or consents from any relevant authority; or

                    (iii) information disclosed by any director of the Company to its appointer or any of its
affiliates or otherwise in accordance with the foregoing provisions of this subsection
10.11(c).

          (d) Legally Compelled Disclosure. In the event that any party is requested or becomes
legally compelled (including without limitation, pursuant to securities laws and regulations) to
disclose the existence of this Agreement or any Financing Terms in contravention of the provisions
of this Section 10.11, such party (the “Disclosing Party”) shall, if and to the extent that
it can lawfully do so, provide the other parties (the “Non-Disclosing Parties”) with prompt written
notice of that fact so that the appropriate party may seek (with the cooperation and reasonable
efforts of the other parties) a protective order, confidential treatment or other appropriate
remedy. In such event, the Disclosing Party shall furnish only that portion of the information
that is legally required and shall exercise reasonable efforts to obtain reliable assurance that
confidential treatment will be accorded such information to the extent reasonably requested by any
Non-Disclosing Party.

          (e) The provisions of this Section 10.11 shall be in addition to, and not in
substitution for, the provisions of the separate nondisclosure agreements executed by the Company
with Intel with respect to the transaction contemplated herein. Additional disclosures and
exchange of confidential information between the Company and Intel (including without limitation,
any exchanges of information with any board observer designated by Intel) shall be governed
exclusively by the terms of the corporate Non-Disclosure Agreement No. 9517991 dated 12 July 2004,
executed by the Company and Intel.

     10.12 Investor Rights.

          (a) Any rights of JAFCO under this Agreement may, without prejudice to the rights of JAFCO to
exercise any such rights, be exercised by JAFCO Investment (Asia Pacific) Ltd. (“JIAP”) or any
other fund manager of JAFCO or their nominees (“JAFCO Manager”), unless JAFCO has (i) given notice
to the other parties that any such rights cannot be exercised by JIAP or a JAFCO Manager; and (ii)
not given notice to the other parties that such notice which is given under this Section
10.12 has been revoked.

          (b) Any rights of Granite under this Agreement may, without prejudice to the rights of Granite
to exercise any such rights, be exercised by any fund manager of Granite or its nominees (“Granite
Manager”), unless Granite has (i) given notice to the other parties that any such rights cannot be
exercised by a Granite Manager; and (ii) not given notice to the other parties that such notice
which is given under this Section 10.12 has been revoked.

25

 

          (c) Any rights of IFC under this Agreement may, without prejudice to the rights of IFC to
exercise any such rights, be exercised by a fund manager of IFC or its nominees (“IFC Manager”),
unless IFC has (i) given notice to the other parties that any such rights cannot be exercised by an IFC Manager;
and (ii) not given notice to the other parties that such notice which is given under this
Section 10.12 has been revoked.

          (d) Any rights of Sumitomo under this Agreement may, without prejudice to the rights of
Sumitomo to exercise any such rights, be exercised by any fund manager of Sumitomo or its nominees
(“Sumitomo Manager”), unless Sumitomo has (i) given notice to the other parties that any such
rights cannot be exercised by a Sumitomo Manager; and (ii) not given notice to the other parties
that such notice which is given under this Section 10.12 has been revoked.

          (e) Any rights of Mitsubishi under this Agreement may, without prejudice to the rights of
Mitsubishi to exercise any such rights, be exercised by any fund manager of Mitsubishi or its
nominees (“Mitsubishi Manager”), unless Mitsubishi has (i) given notice to the other parties that
any such rights cannot be exercised by a Mitsubishi Manager; and (ii) not given notice to the other
parties that such notice which is given under this Section 10.12 has been revoked.

          (f) Any rights of DFJ under this Agreement may, without prejudice to the rights of DFJ to
exercise any such rights, be exercised by any fund manager of DFJ or its nominees (“DFJ Manager”),
unless DFJ has (i) given notice to the other parties that any such rights cannot be exercised by a
DFJ Manager; and (ii) not given notice to the other parties that such notice which is given under
this Section 10.12 has been revoked.

          (g) Any rights of Laoniu under this Agreement may, without prejudice to the rights of Laoniu
to exercise any such rights, be exercised by any fund manager of Laoniu or its nominees (“Laoniu
Manager”), unless Laoniu has (i) given notice to the other parties that any such rights cannot be
exercised by a Laoniu Manager; and (ii) not given notice to the other parties that such notice
which is given under this Section 10.12 has been revoked.

     10.13 Language. This Agreement and all other Transaction Agreements are entered into
in English only. Any Chinese translation of the Transaction Agreements is for reference only and
shall not be a legally binding document. Accordingly, the English version will prevail in the
event of any inconsistency between the English and any Chinese translations thereof. The Company
acknowledges that it has consulted with legal counsel with respect to the English version of this
Agreement and that it fully understands its terms.

     10.14 Amendment of Rights. Any provision of this Agreement may be amended (either
generally or in a particular instance and either retroactively or prospectively) only with the
written consents of the Company, the Restricted Parties holding not less than fifty percent (50%)
of the Common Shares held by all Restricted Parties, and the Investors holding not less than fifty
percent (50%) of the Preferred Shares (voting as a class and on an as-converted basis); provided,
however, that no amendment shall be effective or enforceable in respect of Investors of any
particular class of Preferred Shares of the Company if such amendment (i) materially and adversely
affects the rights of such class of Preferred Shares and does not materially and adversely affect
the rights of all other classes of Preferred Shares of the Company in the same manner, and (ii) is
not consented to in writing by Investors holding not less than fifty percent (50%) of such affected
class of Preferred Shares of the Company. Notwithstanding the foregoing, in the case of an
amendment (i) of any provision of Section 3 hereof, any such amendment may be made only
with the written consents of the Company and the Investors holding not less than fifty percent
(50%) of the Preferred Shares (voting as a class and on an as-converted basis) entitled to the
registration rights set forth in Section 3 hereof; (ii) with respect to the Information and
Inspection Rights under Section 2 and the Right of Participation under Section 4,
only with the written consents of the Company and the Investors holding not less than fifty percent
(50%) of the Preferred Shares (voting as a class and on an as-converted basis); (iii) with respect
to any provisions set forth in Sections 9.1 to 9.4, only with the written consents
of the Investors holding not less than fifty percent (50%) of the Preferred Shares (voting as a
class and on an as-converted basis), and the holders of a majority of the outstanding Common
Shares. Any amendment effected in accordance with this Section 10.14 shall be binding upon
the Company, the Restricted Parties and each Investor, and their respective successors in interest.

     Notwithstanding anything to the contrary in this Section 10.14:

     (A) no amendment to this Agreement shall be effective or enforceable against an Investor that
does not consent to such amendment unless: (i) sufficient and adequate written notice describing
the proposed amendment has been provided to each Investor at least five (5) Business Days prior to
such amendment; and (ii) a copy of the final executed version of the amendment has been provided to
such Investor within twenty (20) Business Days after such amendment; and

26

 

     (B) an amendment to this Agreement shall not be effective or enforceable in respect of any
particular Investor if such amendment: (i) materially and adversely affects the rights of such
Investor and does not materially and adversely affect the rights of all other Investors in the same
manner; or (ii) imposes any material obligation or liability on such Investor; and provided further, that such Investor delivers a duly issued written
notice to each of the other Investors stating its objection to the amendment within ten (10)
Business Days after the date on which a copy of the final executed version of the amendment is
provided to such Investor.

     10.15 Aggregation of Rights. All Preferred Shares and Common Shares held or acquired
by any Investor and its Affiliate shall be aggregated for purposes of determining the availability
of any rights under this Agreement.

     10.16 Effective Date. This Agreement shall become effective as of the date hereof.

     10.17 Termination of the Prior Investors’ Rights Agreement. The parties agree and
acknowledge that (i) upon the execution of this Agreement, the Prior Investors’ Rights Agreement
shall terminate and be superseded and replaced in its entirety by this Agreement, and (ii) nothing
in this Agreement shall prejudice or adversely affect any right, power, authority, discretion or
remedy arising under the Prior Investors’ Rights Agreement prior to the date hereof, or discharge,
release or otherwise affect any liability or obligation arising under the Prior Investors’ Rights
Agreement prior to the date hereof.

[Signature Page Follows]

27

 

          IN WITNESS WHEREOF, the parties hereto have executed this Third Amended and Restated
Investors’ Rights Agreement as of the day and year herein above first written.

THE COMPANY:

	 	 	 	 	 
	HiSoft Technology International Limited	 	 
	 	 	 	 	 
	By 	/s/ Loh Tiak Koon
 	 	 
	Print Name: Loh Tiak Koon 	 	 
	Title: Chief Executive Officer 	 	 
	 

SIGNATURE PAGE FOR

HISOFT TECHNOLOGY INTERNATIONAL LIMITED

THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT

 

INVESTORS:

	 	 	 	 	 	 	 
	JAFCO Asia Technology Fund II	 	Granite Global Ventures (Q.P.) L.P.
	(as a Series A and Series B Investor)	 	(as a Series A, Series B and Series C Investor)
	 
	 	 	 	 	 	 
	 	 	 	 	It’s General Partner
	 
	 	 	 	 	 	 
	By

	 	/s/ Hiroshi Yamada
	 	By
	 	/s/ Hany Nada
	 

	 	 
	 	 	 	 
	Print Name: Hiroshi Yamada

Title: Attorney	 	Print Name: Hany Nada

Title: Managing Director
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Granite Global Ventures II L.P.	 	Granite Global Ventures L.P.
	(as a Series B and Series C Investor)	 	(as a Series A, Series B and Series C Investor)
	 
	 	 	 	 	 	 
	It’s General Partner	 	It’s General Partner
	By

	 	/s/ Hany Nada
	 	By
	 	/s/ Hany Nada
	 

	 	 
	 	 	 	 
	Print Name: Hany Nada

Title: Managing Director	 	Print Name: Hany Nada

Title: Managing Director
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	International Finance Corporation	 	GGV II Entrepreneurs Fund L.P.
	(as a Series A, Series B and Series C Investor)	 	(as a Series B and Series C Investor)
	 
	 	 	 	 	 	 
	 	 	 	 	It’s General Partner
	By

	 	/s/ Kent E. Lupberger
	 	By
	 	/s/ Hany Nada
	 

	 	 
	 	 	 	 
	Print Name: Kent E. Lupberger

Title: Senior Manager	 	Print Name: Hany Nada

Title: Managing Director
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	Sumitomo Corporation Equity Asia Limited

(as a Series B and Series C Investor)
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	By
	 	/s/ Tsuyoshi KONDA
	 

	 	 	 	 	 	 
	 	 	 	 	Print Name: Tsuyoshi KONDA

Title: Managing Director

SIGNATURE PAGE FOR

HISOFT TECHNOLOGY INTERNATIONAL LIMITED

THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT

 

 

	 	 	 	 	 	 	 
	The Greater China Trust, managed by Mitsubishi UFJ

Securities (HK) Capital, Ltd.

(as a Series B Investor only)

By: Butterfield Bank (Cayman) Limited, solely as

trustee of The Greater China Trust	 	 	 	 
	 
	 	 	 	 	 	 
	By

	 	/s/ Yasuyuki Otsu	 	 	 	 
	 

	 	 	 	 	 	 
	Print Name:

Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Draper Fisher Jurvetson ePlanet Ventures L.P.

(as a Series B and Series C Investor)	 	Draper Fisher
Jurvetson ePlanet Ventures GmbH & Co. KG (as a Series B and Series C Investor)
	 
	 	 	 	 	 	 
	By

	 	/s/ John Fisher
	 	By
	 	/s/ John Fisher
	 

	 	 
	 	 	 	 
	Print Name: John Fisher

Title: Managing Director	 	Print Name: John Fisher

Title: Managing Director
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Draper Fisher Jurvetson ePlanet Partners Fund, LLC

(as a Series B and Series C Investor)	 	GE Capital Equity Investments Ltd.

(as a Series C Investor only)
	 
	 	 	 	 	 	 
	By

	 	/s/ John Fisher
	 	By
	 	/s/ WENQIAN ZHU
	 

	 	 
	 	 	 	 
	Print Name: John Fisher

Title: Managing Director	 	Print Name: WENQIAN ZHU

Title: Authorized Signatary
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Laoniu Investment Company Limited

(as a Series C Investor only)	 	Kornhill Consulting LTD

(as a Series C Investor only)
	 
	 	 	 	 	 	 
	By

	 	/s/ Xiangwei Weng
	 	By
	 	/s/ EDDIE CHAN
	 

	 	 
	 	 	 	 
	Print Name:

Title:	 	Print Name: EDDIE CHAN

Title: DIRECTOR
	 
	 	 	 	 	 	 
	/s/ Rooksana Shahabally	 	 	 	 
	 	 	 	 	 
	Rooksana Shahabally	 	 	 	 

SIGNATURE PAGE FOR

HISOFT TECHNOLOGY INTERNATIONAL LIMITED

THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT

 

 

RESTRICTED PARTIES:

	 	 	 	 	 	 	 
	Kaiki Inc.	 	Tian Hai International Limited
	 
	 	 	 	 	 	 
	By

	 	/s/ Yuanming Li
	 	By
	 	/s/ Yongji Sun
	 

	 	 
	 	 	 	 
	Print Name:

Title:	 	Print

Title	 	Name:

:
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	HSI Holdings LLC	 	 	 	 
	 
	 	 	 	 	 	 
	By

	 	/s/ George T. Wu	 	 	 	 
	 

	 	 	 	 	 	 
	Print Name: George T. Wu

Title: Shareholder Representative	 	 	 	 

SIGNATURE PAGE FOR

HISOFT TECHNOLOGY INTERNATIONAL LIMITED

THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT

 

 

Schedule 1 

Schedule of Restricted Parties 

	 	 	 
	Name of Founder	 	Address for Notices
	Kaiki Inc.

	 	C/O Dalian Presoft Co., Ltd. ()

7/F, No. 33, Qixianling Industrial Base, Hi-tech Zone

Dalian, Liaoning Province

P.R.C.

Attn: Yuanming Li

Fax Number: 86-411-84791666

Tel. Number: 86-411-84792822
	 
	 	 
	Tian Hai International Limited

	 	C/O HiSoft Services (Beijing) Ltd.

6/F, Haya Plaza, No. 1 Shangdi East Road, Haidian

District, Beijing 100085,

P.R.C.

Attn: Yongji Sun

Tel Number: 86-10-59875566

Fax Number: 86-10-59875588
	 
	 	 
	HSI Holdings LLC

	 	18300 Von Karman Ave. Ste. 620

Irvine, CA 92612

U.S.A.

Attn: George Wu

Tel Number: 001-949-250-7310

Fax Number: 001-949-250-7314

 

 

Schedule 2

List of Investors and Addresses for Notices

	 	 	 
	Name of Investor	 	Address for Notices
	JAFCO Asia Technology Fund II

	 	c/o JAFCO Investment (Asia Pacific) Ltd.

6 Battery Road

#42-01 Singapore 049909

Fax Number: +65 6221-3690

Attn: The President

With a copy to:

JAFCO Investment (Hong Kong) Ltd.

30/F, Two International Finance Centre

8 Finance Street

Central Hong Kong

Fax Number: +852 2536-1979

Attn: General Manager
	 
	 	 
	Granite Global Ventures (Q.P.) L.P.,
Granite Global Ventures L.P., Granite
Global Ventures II L.P., GGV II
Entrepreneurs Fund L.P.

	 	2494 Sand Hill Road, Suite 100

Menlo Park, CA 94025

Attn: Stephen Hyndman

Fax Number: +1-650-475-2151

With a copy to:

Unit 3701, K. Wah Center

1010 Huaihai Zhong Road

Shanghai 200031 PRC

Attn: Jenny Lee

Fax Number: +86-21-5404-7667
	 
	 	 
	Intel Capital (Cayman) Corporation

(formerly known as Intel Capital Corporation)

	 	Intel Capital (Cayman) Corporation

c/o Intel Semiconductor Ltd.

32/F, Two Pacific Place

88 Queensway, Central, Hong Kong

Attn: APAC Portfolio Manager

Fax: +852 2240-3255

With an e-mail copy in .pdf format to

apacportfolio@intel.com

With a further copy to:

2200 Mission College Blvd.

Santa Clara, CA 95052

Attn: Intel Capital Portfolio Manager

Fax: 1-408-765-6038

Email: portfolio.manager@intel.com
	 
	 	 
	International Finance Corporation

	 	International Finance Corporation

2121 Pennsylvania Avenue, N.W.

Washington, D.C. 20433

U.S.A.

Fax Number:+1-202-522-7464

Attention: Director, Global Information and Communication Technologies Department
	 
	 	 
	The Greater China Trust, a trust duly
organized and existing under the laws
of the Cayman Islands, managed by
Mitsubishi UFJ Securities (HK) Capital,
Ltd.

	 	Butterfield Bank (Cayman) Limited

c/o RBC Dexia Trust Services Hong Kong Limited

51st Floor Central Plaza

18 Harbour Road, Wanchai, Hong Kong, S.A.R.

Fax Number: +852-2522-3785

Attn: Ms. Anny Wong

 

 

Schedule 2

List of Investors and Addresses for Notices

	 	 	 
	Name of Investor	 	Address for Notices
	 

	 	With a copy to:

Mitsubishi UFJ Securities (HK) Capital, Limited

11/F, AIG Tower, 1 Connaught Road, Central

Hong Kong, S.A.R.

Fax Number: +852-2865-6214

Attn: Mr. Jun Otsuka

Email: otsuka@hk.sc.mufg.jp
	 
	 	 
	Sumitomo Corporation Equity Asia Limited

	 	Suite 602, 6th Floor

One International Finance Centre

One Harbour View Street

Central, Hong Kong

Fax Number: +852-2295-0600

Attn: Managing Director
	 
	 	 
	Draper Fisher Jurvetson ePlanet

Ventures L.P., Draper Fisher Jurvetson

ePlanet Ventures GmbH & Co. KG, Draper

Fisher Jurvetson ePlanet Partners Fund,
LLC

	 	2113, Tower 1, China World Trade Center

No. 1 Jianguomenwai Avenue

Beijing 100004 PRC

Attn: Cynthia Zhang

Fax Number: +8610-6505-9395,

With a copy to:

Draper Fisher Jurvetson

2882 Sand Hill Road

Suite 150

Menlo Park, CA 94025

Fax Number: 650-233-9233

Attn: Mr. Mark Greenstein
	 
	 	 
	GE Capital Equity Investments Ltd.

	 	201 Merritt 7

Norwalk, CT 06856

U.S.A.

Attn: General Counsel

Fax Number:

With a copy to:

18/F, The Lee Gardens, 33 Hysan Avenue,

Causeway Bay, Hong Kong

Attn: General Counsel (Lee Lung-chi) / Vivian Lam

Fax Number: 852-21006712
	 
	 	 
	Laoniu Investment Limited Co.

	 	Chong’er Investment and Consultancy Co.Ltd.

23/F, Tower 3, Xihuan Plaza

No. 1, Xizhimenwai Street,

Xicheng District, Beijing, 100044

P.R.C.

Attn : Zhang Yifei

	 
	 	 
	Kornhill Consulting LTD

	 	9E Kai Tien Mansion, Taikoo Shing, Quarry Bay, Hong Kong

Attn: Eddie Chan

Fax: + 852 8167-5597

C/O 28 Jalan Dato Bandar Tunggal, 70000,

Seremban, Malaysia

Attn: Heng Choon Lim

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