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                                                                   Exhibit 10.16

                               VIRTUSA CORPORATION

                      2007 STOCK OPTION AND INCENTIVE PLAN

SECTION 1. GENERAL PURPOSE OF THE PLAN; DEFINITIONS

     The name of the plan is the Virtusa Corporation 2007 Stock Option and
Incentive Plan (the "Plan"). The purpose of the Plan is to encourage and enable
the officers, employees, Non-Employee Directors and other key persons (including
consultants and prospective employees) of Virtusa Corporation (the "Company")
and its Subsidiaries upon whose judgment, initiative and efforts the Company
largely depends for the successful conduct of its business to acquire a
proprietary interest in the Company. It is anticipated that providing such
persons with a direct stake in the Company's welfare will assure a closer
identification of their interests with those of the Company and its
stockholders, thereby stimulating their efforts on the Company's behalf and
strengthening their desire to remain with the Company.

     The following terms shall be defined as set forth below:

     "Act" means the Securities Act of 1933, as amended, and the rules and
regulations thereunder.

     "Administrator" means either the Board or the compensation committee of the
Board or a similar committee performing the functions of the compensation
committee and which is comprised of not less than two Non-Employee Directors who
are independent.

     "Award" or "Awards," except where referring to a particular category of
grant under the Plan, shall include Incentive Stock Options, Non-Qualified Stock
Options, Stock Appreciation Rights, Deferred Stock Awards, Restricted Stock
Awards, Unrestricted Stock Awards, Cash-based Awards and Dividend Equivalent
Rights.

     "Award Agreement" means a written or electronic agreement setting forth the
terms and provisions applicable to an Award granted under the Plan. Each Award
Agreement is subject to the terms and conditions of the Plan.

     "Board" means the Board of Directors of the Company.

     "Cash-based Award" means an Award entitling the recipient to receive a
cash-denominated payment.

     "Code" means the Internal Revenue Code of 1986, as amended, and any
successor Code, and related rules, regulations and interpretations.

     "Covered Employee" means an employee who is a "Covered Employee" within the
meaning of Section 162(m) of the Code.

     "Deferred Stock Award" means an Award of phantom stock units to a grantee.
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     "Dividend Equivalent Right" means an Award entitling the grantee to receive
credits based on cash dividends that would have been paid on the shares of Stock
specified in the Dividend Equivalent Right (or other award to which it relates)
if such shares had been issued to and held by the grantee.

     "Effective Date" means the date on which the Plan is approved by
stockholders as set forth in Section 19.

     "Exchange Act" means the Securities Exchange Act of 1934, as amended, and
the rules and regulations thereunder.

     "Fair Market Value" of the Stock on any given date means the fair market
value of the Stock determined in good faith by the Administrator; provided,
however, that if the Stock is admitted to quotation on the National Association
of Securities Dealers Automated Quotation System ("NASDAQ"), NASDAQ Global
Market or another national securities exchange, the determination shall be made
by reference to market quotations. If there are no market quotations for such
date, the determination shall be made by reference to the last date preceding
such date for which there are market quotations, provided further, however, that
if the date for which Fair Market Value is determined is the first day when
trading prices for the Stock are reported on a national securities exchange, the
Fair Market Value shall be the "Price to the Public" (or equivalent) set forth
on the cover page for the final prospectus relating to the Company's Initial
Public Offering.

     "Incentive Stock Option" means any Stock Option designated and qualified as
an "incentive stock option" as defined in Section 422 of the Code.

     "Initial Public Offering" means the consummation of the first fully
underwritten, firm commitment public offering pursuant to an effective
registration statement under the Act covering the offer and sale by the Company
of its equity securities, or such other event as a result of or following which
the Stock shall be publicly held.

     "Non-Employee Director" means a member of the Board who is not also an
employee of the Company or any Subsidiary.

     "Non-Qualified Stock Option" means any Stock Option that is not an
Incentive Stock Option.

     "Option" or "Stock Option" means any option to purchase shares of Stock
granted pursuant to Section 5.

     "Restricted Stock Award" means an Award entitling the recipient to acquire,
at such purchase price (which may be zero) as determined by the Administrator,
shares of Stock subject to such restrictions and conditions as the Administrator
may determine at the time of grant.

     "Sale Event" shall mean (i) the sale of all or substantially all of the
assets of the Company on a consolidated basis to an unrelated person or entity,
(ii) a merger, reorganization or consolidation in which the outstanding shares
of Stock are converted into or exchanged for securities of the successor entity
and the holders of the Company's outstanding voting power

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immediately prior to such transaction do not own a majority of the outstanding
voting power of the successor entity immediately upon completion of such
transaction, or (iii) the sale of all of the Stock of the Company to an
unrelated person or entity.

     "Sale Price" means the value as determined by the Administrator of the
consideration payable, or otherwise to be received by stockholders, per share of
Stock pursuant to a Sale Event.

     "Section 409A" means Section 409A of the Code and the regulations and other
guidance promulgated thereunder.

     "Stock" means the Common Stock, par value $0.01 per share, of the Company,
subject to adjustments pursuant to Section 3.

     "Stock Appreciation Right" means an Award entitling the recipient to
receive shares of Stock having a value equal to the excess of the Fair Market
Value of the Stock on the date of exercise over the exercise price of the Stock
Appreciation Right multiplied by the number of shares of Stock with respect to
which the Stock Appreciation Right shall have been exercised.

     "Subsidiary" means any corporation or other entity (other than the Company)
in which the Company has at least a 50 percent interest, either directly or
indirectly.

     "Ten Percent Owner" means an employee who owns or is deemed to own (by
reason of the attribution rules of Section 424(d) of the Code) more than 10
percent of the combined voting power of all classes of stock of the Company or
any parent or subsidiary corporation.

     "Unrestricted Stock Award" means an Award of shares of Stock free of any
restrictions.

SECTION 2. ADMINISTRATION OF PLAN; ADMINISTRATOR AUTHORITY TO SELECT GRANTEES
           AND DETERMINE AWARDS

     (a) Administration of Plan. The Plan shall be administered by the
Administrator.

     (b) Powers of Administrator. The Administrator shall have the power and
authority to grant Awards consistent with the terms of the Plan, including the
power and authority:

          (i) to select the individuals to whom Awards may from time to time be
granted;

          (ii) to determine the time or times of grant, and the extent, if any,
of Incentive Stock Options, Non-Qualified Stock Options, Stock Appreciation
Rights, Restricted Stock Awards, Deferred Stock Awards, Unrestricted Stock
Awards, Cash-based Awards and Dividend Equivalent Rights, or any combination of
the foregoing, granted to any one or more grantees;

          (iii) to determine the number of shares of Stock to be covered by any
Award;

          (iv) to determine and modify from time to time the terms and
conditions, including restrictions, not inconsistent with the terms of the Plan,
of any Award, which terms and

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conditions may differ among individual Awards and grantees, and to approve the
form of written instruments evidencing the Awards;

          (v) to accelerate at any time the exercisability or vesting of all or
any portion of any Award;

          (vi) subject to the provisions of Section 5(a)(ii), to extend at any
time the period in which Stock Options may be exercised; and

          (vii) at any time to adopt, alter and repeal such rules, guidelines
and practices for administration of the Plan and for its own acts and
proceedings as it shall deem advisable; to interpret the terms and provisions of
the Plan and any Award (including related written instruments); to make all
determinations it deems advisable for the administration of the Plan; to decide
all disputes arising in connection with the Plan; and to otherwise supervise the
administration of the Plan.

     All decisions and interpretations of the Administrator shall be binding on
all persons, including the Company and Plan grantees.

     (c) Delegation of Authority to Grant Options. Subject to applicable law,
the Administrator, in its discretion, may delegate to the Chief Executive
Officer of the Company all or part of the Administrator's authority and duties
with respect to the granting of Options, to individuals who are (i) not subject
to the reporting and other provisions of Section 16 of the Exchange Act and (ii)
not Covered Employees. Any such delegation by the Administrator shall include a
limitation as to the amount of Options that may be granted during the period of
the delegation and shall contain guidelines as to the determination of the
exercise price and the vesting criteria. The Administrator may revoke or amend
the terms of a delegation at any time but such action shall not invalidate any
prior actions of the Administrator's delegate or delegates that were consistent
with the terms of the Plan.

     (d) Award Agreement. Awards under the Plan shall be evidenced by Award
Agreements that set forth the terms, conditions and limitations for each Award
which may include, without limitation, the term of an Award, the provisions
applicable in the event employment or service terminates, and the Company's
authority to unilaterally or bilaterally amend, modify, suspend, cancel or
rescind an Award.

     (e) Indemnification. Neither the Board nor the Administrator, nor any
member of either or any delegate thereof, shall be liable for any act, omission,
interpretation, construction or determination made in good faith in connection
with the Plan, and the members of the Board and the Administrator (and any
delegate thereof) shall be entitled in all cases to indemnification and
reimbursement by the Company in respect of any claim, loss, damage or expense
(including, without limitation, reasonable attorneys' fees) arising or resulting
therefrom to the fullest extent permitted by law and/or under the Company's
articles or bylaws or any directors' and officers' liability insurance coverage
which may be in effect from time to time and/or any indemnification agreement
between such individual and the Company.

     (f) Foreign Award Recipients. Notwithstanding any provision of the Plan to
the contrary, in order to comply with the laws in other countries in which the
Company and its

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Subsidiaries operate or have employees or other individuals eligible for Awards,
the Administrator, in its sole discretion, shall have the power and authority
to: (i) determine which Subsidiaries shall be covered by the Plan; (ii)
determine which individuals outside the United States are eligible to
participate in the Plan; (iii) modify the terms and conditions of any Award
granted to individuals outside the United States to comply with applicable
foreign laws; (iv) establish subplans and modify exercise procedures and other
terms and procedures, to the extent the Administrator determines such actions to
be necessary or advisable (and such subplans and/or modifications shall be
attached to this Plan as appendices); provided, however, that no such subplans
and/or modifications shall increase the share limitations contained in Section
3(a) hereof; and (v) take any action, before or after an Award is made, that the
Administrator determines to be necessary or advisable to obtain approval or
comply with any local governmental regulatory exemptions or approvals.
Notwithstanding the foregoing, the Administrator may not take any actions
hereunder, and no Awards shall be granted, that would violate the Exchange Act
or any other applicable United States securities law, the Code, or any other
applicable United States governing statute or law.

SECTION 3. STOCK ISSUABLE UNDER THE PLAN; MERGERS; SUBSTITUTION

     (a) Stock Issuable. The maximum number of shares of Stock reserved and
available for issuance under the Plan shall be the sum of (i) 2,600,000 shares,
(ii) the number of Shares under the Company's Amended and Restated 2000 Stock
Option Plan and 2005 Stock Appreciation Rights Plan (together, the "Prior
Plans") which are not needed to fulfill the Company's obligations for awards
issued under the Prior Plans as a result of forfeiture, expiration,
cancellation, termination or net issuances of awards thereunder, and (iii) on
January 1, 2008 and on each January 1 thereafter, an additional number of shares
equal to the lower of (A) two and nine tenths percent (2.9%) of the outstanding
number of shares of Stock on the immediately preceding December 31, or (B) such
lower number of shares of Stock as may be determined by the Board of Directors,
in each case subject to adjustment as provided in Section 3(b). For purposes of
this limitation, the shares of Stock underlying any Awards that are forfeited,
canceled, held back upon exercise of an Option or settlement of an Award to
cover the exercise price or tax withholding, reacquired by the Company prior to
vesting, satisfied without the issuance of Stock or otherwise terminated (other
than by exercise) shall be added back to the shares of Stock available for
issuance under the Plan. Subject to such overall limitations, shares of Stock
may be issued up to such maximum number pursuant to any type or types of Award;
provided, however, that (i) Incentive Stock Options may be granted with respect
to no more than 2,600,000 shares, plus on each January 1, starting January 1,
2008, an additional number of shares equal to the lesser of (A) two and nine
tenths percent (2.9%) of the outstanding number of shares of Stock on the
immediately preceding December 31 and (B) 2,600,000 shares of Stock and (ii)
Stock Options or Stock Appreciation Rights with respect to no more than
3,000,000 shares of Stock may be granted to any one individual grantee during
any one calendar year period. The shares available for issuance under the Plan
may be authorized but unissued shares of Stock or shares of Stock reacquired by
the Company.

     (b) Changes in Stock. Subject to Section 3(c) hereof, if, as a result of
any reorganization, recapitalization, reclassification, stock dividend, stock
split, reverse stock split or other similar change in the Company's capital
stock, the outstanding shares of Stock are increased or decreased or are
exchanged for a different number or kind of shares or other

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securities of the Company, or additional shares or new or different shares or
other securities of the Company or other non-cash assets are distributed with
respect to such shares of Stock or other securities, or, if, as a result of any
merger or consolidation, sale of all or substantially all of the assets of the
Company, the outstanding shares of Stock are converted into or exchanged for
securities of the Company or any successor entity (or a parent or subsidiary
thereof), the Administrator shall make an appropriate or proportionate
adjustment in (i) the maximum number of shares reserved for issuance under the
Plan, (ii) the number of Stock Options or Stock Appreciation Rights that can be
granted to any one individual grantee, (iii) the number and kind of shares or
other securities subject to any then outstanding Awards under the Plan, (iv) the
repurchase price, if any, per share subject to each outstanding Restricted Stock
Award and (v) the price for each share subject to any then outstanding Stock
Options and Stock Appreciation Rights under the Plan, without changing the
aggregate exercise price (i.e., the exercise price multiplied by the number of
Stock Options and Stock Appreciation Rights) as to which such Stock Options and
Stock Appreciation Rights remain exercisable. The Administrator shall also make
equitable or proportionate adjustments in the number of shares subject to
outstanding Awards and the exercise price and the terms of outstanding Awards to
take into consideration cash dividends paid other than in the ordinary course or
any other extraordinary corporate event. The adjustment by the Administrator
shall be final, binding and conclusive. No fractional shares of Stock shall be
issued under the Plan resulting from any such adjustment, but the Administrator
in its discretion may make a cash payment in lieu of fractional shares.

     (c) Mergers and Other Transactions. Except as the Administrator may
otherwise specify with respect to particular Awards in the relevant Award
documentation, in the case of and subject to the consummation of a Sale Event,
all Options and Stock Appreciation Rights that are not exercisable immediately
prior to the effective time of the Sale Event shall become fully exercisable as
of the effective time of the Sale Event, all other Awards with time-based
vesting, conditions or restrictions shall become fully vested and nonforfeitable
as of the effective time of the Sale Event and all Awards with conditions and
restrictions relating to the attainment of performance goals may become vested
and nonforfeitable in connection with a Sale Event in the Administrator's
discretion, unless, in any case, the parties to the Sale Event agree that Awards
will be assumed or continued by the successor entity. Upon the effective time of
the Sale Event, the Plan and all outstanding Awards granted hereunder shall
terminate, unless provision is made in connection with the Sale Event in the
sole discretion of the parties thereto for the assumption or continuation of
Awards theretofore granted by the successor entity, or the substitution of such
Awards with new Awards of the successor entity or parent thereof, with
appropriate adjustment as to the number and kind of shares and, if appropriate,
the per share exercise prices, as such parties shall agree (after taking into
account any acceleration hereunder). In the event of such termination, (i) the
Company shall have the option (in its sole discretion) to make or provide for a
cash payment to the grantees holding Options and Stock Appreciation Rights, in
exchange for the cancellation thereof, in an amount equal to the difference
between (A) the Sale Price multiplied by the number of shares of Stock subject
to outstanding Options and Stock Appreciation Rights (to the extent then
exercisable (after taking into account any acceleration hereunder) at prices not
in excess of the Sale Price) and (B) the aggregate exercise price of all such
outstanding Options and Stock Appreciation Rights; or (ii) each grantee shall be
permitted, within a specified period of time prior to the consummation of the
Sale Event as determined by the Administrator, to exercise all outstanding
Options and Stock Appreciation Rights held by such grantee.

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     (d) Substitute Awards. The Administrator may grant Awards under the Plan in
substitution for stock and stock based awards held by employees, directors or
other key persons of another corporation in connection with the merger or
consolidation of the employing corporation with the Company or a Subsidiary or
the acquisition by the Company or a Subsidiary of property or stock of the
employing corporation. The Administrator may direct that the substitute awards
be granted on such terms and conditions as the Administrator considers
appropriate in the circumstances. Any substitute Awards granted under the Plan
shall not count against the share limitation set forth in Section 3(a).

SECTION 4. ELIGIBILITY

     Grantees under the Plan will be such full or part-time officers and other
employees, Non-Employee Directors and key persons (including consultants and
prospective employees) of the Company and its Subsidiaries as are selected from
time to time by the Administrator in its sole discretion.

SECTION 5. STOCK OPTIONS

     Any Stock Option granted under the Plan shall be in such form as the
Administrator may from time to time approve.

     Stock Options granted under the Plan may be either Incentive Stock Options
or Non-Qualified Stock Options. Incentive Stock Options may be granted only to
employees of the Company or any Subsidiary that is a "subsidiary corporation"
within the meaning of Section 424(f) of the Code. To the extent that any Option
does not qualify as an Incentive Stock Option, it shall be deemed a
Non-Qualified Stock Option.

     (a) Stock Options Granted to Employees and Key Persons. The Administrator
in its discretion may grant Stock Options to eligible employees and key persons
of the Company or any Subsidiary. Stock Options granted pursuant to this Section
5(a) shall be subject to the following terms and conditions and shall contain
such additional terms and conditions, not inconsistent with the terms of the
Plan, as the Administrator shall deem desirable. If the Administrator so
determines, Stock Options may be granted in lieu of cash compensation at the
optionee's election, subject to such terms and conditions as the Administrator
may establish.

          (i) Exercise Price. The exercise price per share for the Stock covered
by a Stock Option granted pursuant to this Section 5(a) shall be determined by
the Administrator at the time of grant but shall not be less than 100 percent of
the Fair Market Value on the date of grant. In the case of an Incentive Stock
Option that is granted to a Ten Percent Owner, the option price of such
Incentive Stock Option shall be not less than 110 percent of the Fair Market
Value on the grant date.

          (ii) Option Term. The term of each Stock Option shall be fixed by the
Administrator, but no Stock Option shall be exercisable more than ten years
after the date the Stock Option is granted. In the case of an Incentive Stock
Option that is granted to a Ten Percent Owner, the term of such Stock Option
shall be no more than five years from the date of grant.

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          (iii) Exercisability; Rights of a Stockholder. Stock Options shall
become exercisable at such time or times, whether or not in installments, as
shall be determined by the Administrator at or after the grant date. The
Administrator may at any time accelerate the exercisability of all or any
portion of any Stock Option. An optionee shall have the rights of a stockholder
only as to shares acquired upon the exercise of a Stock Option and not as to
unexercised Stock Options.

          (iv) Method of Exercise. Stock Options may be exercised in whole or in
part, by giving written notice of exercise to the Company, specifying the number
of shares to be purchased. Payment of the purchase price may be made by one or
more of the following methods to the extent provided in the Option Award
Agreement:

               (A) In cash, by certified or bank check or other instrument
     acceptable to the Administrator;

               (B) Through the delivery (or attestation to the ownership) of
     shares of Stock that have been purchased by the optionee on the open market
     or that are beneficially owned by the optionee and are not then subject to
     restrictions under any Company plan. Such surrendered shares shall be
     valued at Fair Market Value on the exercise date. To the extent required to
     avoid variable accounting treatment under FAS 123R or other applicable
     accounting rules, such surrendered shares shall have been owned by the
     optionee for at least six months; or

               (C) By the optionee delivering to the Company a properly executed
     exercise notice together with irrevocable instructions to a broker to
     promptly deliver to the Company cash or a check payable and acceptable to
     the Company for the purchase price; provided that in the event the optionee
     chooses to pay the purchase price as so provided, the optionee and the
     broker shall comply with such procedures and enter into such agreements of
     indemnity and other agreements as the Administrator shall prescribe as a
     condition of such payment procedure.

Payment instruments will be received subject to collection. The transfer to the
optionee on the records of the Company or of the transfer agent of the shares of
Stock to be purchased pursuant to the exercise of a Stock Option will be
contingent upon receipt from the optionee (or a purchaser acting in his stead in
accordance with the provisions of the Stock Option) by the Company of the full
purchase price for such shares and the fulfillment of any other requirements
contained in the Option Award Agreement or applicable provisions of laws
(including the satisfaction of any withholding taxes that the Company is
obligated to withhold with respect to the optionee). In the event an optionee
chooses to pay the purchase price by previously-owned shares of Stock through
the attestation method, the number of shares of Stock transferred to the
optionee upon the exercise of the Stock Option shall be net of the number of
shares attested to. In the event that the Company establishes, for itself or
using the services of a third party, an automated system for the exercise of
Stock Options, such as a system using an internet website or interactive voice
response, then the paperless exercise of Stock Options may be permitted through
the use of such an automated system.

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          (v) Annual Limit on Incentive Stock Options. To the extent required
for "incentive stock option" treatment under Section 422 of the Code, the
aggregate Fair Market Value (determined as of the time of grant) of the shares
of Stock with respect to which Incentive Stock Options granted under this Plan
and any other plan of the Company or its parent and subsidiary corporations
become exercisable for the first time by an optionee during any calendar year
shall not exceed $100,000. To the extent that any Stock Option exceeds this
limit, it shall constitute a Non-Qualified Stock Option.

     (b) Stock Options Granted to Non-Employee Directors. The Administrator in
its discretion may grant Non-Qualified Stock Options to Non-Employee Directors.
Any such grant may vary among individual Non-Employee Directors. Non-Qualified
Stock Options granted pursuant to this Section 5(b) shall be subject to the
following terms and conditions and shall contain such additional terms and
conditions, not inconsistent with the terms of the Plan, as the Administrator
shall deem desirable. If the Administrator so determines, Non-Qualified Stock
Options may be granted in lieu of cash compensation at the optionee's election,
subject to such terms and conditions as the Administrator may establish.

          (i) Exercise Price. The exercise price per share for the Stock covered
by a Stock Option granted under this Section 5(b) shall be equal to the Fair
Market Value of the Stock on the date the Stock Option is granted.

          (ii) Exercise; Termination.

               (A) Options shall become exercisable at such time or times,
     whether or not in installments, as shall be determined by the Administrator
     at or after the grant date. The Administrator may at any time accelerate
     the exercisability of all or any portion of any Stock Option. An Option
     issued under this Section 5(b) shall not be exercisable after the
     expiration of ten years from the date of grant.

               (B) Options granted under this Section 5(b) may be exercised only
     by written notice to the Company specifying the number of shares to be
     purchased. Payment of the full purchase price of the shares to be purchased
     may be made by one or more of the methods specified in Section 5(a)(iv). An
     optionee shall have the rights of a stockholder only as to shares acquired
     upon the exercise of a Stock Option and not as to unexercised Stock
     Options.

SECTION 6. STOCK APPRECIATION RIGHTS

     (a) Exercise Price of Stock Appreciation Rights. The exercise price of a
Stock Appreciation Right shall not be less than 100 percent of the Fair Market
Value of the Stock on the date of grant (or more than the Stock Option exercise
price per share, if the Stock Appreciation Right was granted in tandem with a
Stock Option).

     (b) Grant and Exercise of Stock Appreciation Rights. Stock Appreciation
Rights may be granted by the Administrator in tandem with, or independently of,
any Stock Option granted pursuant to Section 5 of the Plan. In the case of a
Stock Appreciation Right granted in tandem with a Non-Qualified Stock Option,
such Stock Appreciation Right may be granted either at or after the time of the
grant of such Option. In the case of a Stock Appreciation Right granted in

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tandem with an Incentive Stock Option, such Stock Appreciation Right may be
granted only at the time of the grant of the Option.

     A Stock Appreciation Right or applicable portion thereof granted in tandem
with a Stock Option shall terminate and no longer be exercisable upon the
termination or exercise of the related Option.

     (c) Terms and Conditions of Stock Appreciation Rights. Stock Appreciation
Rights shall be subject to such terms and conditions as shall be determined from
time to time by the Administrator, subject to the following:

          (i) Stock Appreciation Rights granted in tandem with Options shall be
exercisable at such time or times and to the extent that the related Stock
Options shall be exercisable.

          (ii) Upon exercise of a Stock Appreciation Right, the applicable
portion of any related Option shall be surrendered.

          (iii) Stock Appreciation Rights may have a term of no more than ten
years.

SECTION 7. RESTRICTED STOCK AWARDS

     (a) Nature of Restricted Stock Awards. The Administrator shall determine
the restrictions and conditions applicable to each Restricted Stock Award at the
time of grant. Conditions may be based on continuing employment (or other
service relationship) and/or achievement of pre-established performance goals
and objectives. The grant of a Restricted Stock Award is contingent on the
grantee executing the Restricted Stock Award Agreement. The terms and conditions
of each such Award Agreement shall be determined by the Administrator, and such
terms and conditions may differ among individual Awards and grantees.

     (b) Rights as a Stockholder. Upon execution of the Restricted Stock Award
Agreement and payment of any applicable purchase price, a grantee shall have the
rights of a stockholder with respect to the voting of the Restricted Stock,
subject to such conditions contained in the Restricted Stock Award Agreement.
Unless the Administrator shall otherwise determine, (i) uncertificated
Restricted Stock shall be accompanied by a notation on the records of the
Company or the transfer agent to the effect that they are subject to forfeiture
until such Restricted Stock are vested as provided in Section 7(d) below, and
(ii) certificated Restricted Stock shall remain in the possession of the Company
until such Restricted Stock is vested as provided in Section 7(d) below, and the
grantee shall be required, as a condition of the grant, to deliver to the
Company such instruments of transfer as the Administrator may prescribe.

     (c) Restrictions. Restricted Stock may not be sold, assigned, transferred,
pledged or otherwise encumbered or disposed of except as specifically provided
herein or in the Restricted Stock Award Agreement. Except as may otherwise be
provided by the Administrator either in the Award Agreement or, subject to
Section 16 below, in writing after the Award Agreement is issued, if any, if a
grantee's employment (or other service relationship) with the Company and its
Subsidiaries terminates for any reason, any Restricted Stock that has not vested
at the time of termination shall automatically and without any requirement of
notice to such grantee from or

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other action by or on behalf of, the Company be deemed to have been reacquired
by the Company at its original purchase price (if any) from such grantee or such
grantee's legal representative simultaneously with such termination of
employment (or other service relationship), and thereafter shall cease to
represent any ownership of the Company by the grantee or rights of the grantee
as a stockholder. Following such deemed reacquisition of unvested Restricted
Stock that are represented by physical certificates, a grantee shall surrender
such certificates to the Company upon request without consideration.

     (d) Vesting of Restricted Stock. The Administrator at the time of grant
shall specify the date or dates and/or the attainment of pre-established
performance goals, objectives and other conditions on which the
non-transferability of the Restricted Stock and the Company's right of
repurchase or forfeiture shall lapse. Subsequent to such date or dates and/or
the attainment of such pre-established performance goals, objectives and other
conditions, the shares on which all restrictions have lapsed shall no longer be
Restricted Stock and shall be deemed "vested." Except as may otherwise be
provided by the Administrator either in the Award Agreement or, subject to
Section 16 below, in writing after the Award Agreement is issued, a grantee's
rights in any shares of Restricted Stock that have not vested shall
automatically terminate upon the grantee's termination of employment (or other
service relationship) with the Company and its Subsidiaries and such shares
shall be subject to the provisions of Section 7(c) above.

SECTION 8. DEFERRED STOCK AWARDS

     (a) Nature of Deferred Stock Awards. The Administrator shall determine the
restrictions and conditions applicable to each Deferred Stock Award at the time
of grant. Conditions may be based on continuing employment (or other service
relationship) and/or achievement of pre-established performance goals and
objectives. The grant of a Deferred Stock Award is contingent on the grantee
executing the Deferred Stock Award Agreement. The terms and conditions of each
such Award Agreement shall be determined by the Administrator, and such terms
and conditions may differ among individual Awards and grantees. At the end of
the deferral period, the Deferred Stock Award, to the extent vested, shall be
settled in the form of shares of Stock.

     (b) Election to Receive Deferred Stock Awards in Lieu of Compensation. The
Administrator may, in its sole discretion, permit a grantee to elect to receive
a portion of future cash compensation otherwise due to such grantee in the form
of a Deferred Stock Award. Any such election shall be made in writing and shall
be delivered to the Company no later than the date specified by the
Administrator and in accordance with Section 409A and such other rules and
procedures established by the Administrator. Any such future cash compensation
that the grantee elects to defer shall be converted to a fixed number of phantom
stock units based on the Fair Market Value of Stock on the date the compensation
would otherwise have been paid to the grantee if such payment had not been
deferred as provided herein. The Administrator shall have the sole right to
determine whether and under what circumstances to permit such elections and to
impose such limitations and other terms and conditions thereon as the
Administrator deems appropriate.

     (c) Rights as a Stockholder. A grantee shall have the rights as a
stockholder only as to shares of Stock acquired by the grantee upon settlement
of a Deferred Stock Award; provided,

                                       11

<PAGE>

however, that the grantee may be credited with Dividend Equivalent Rights with
respect to the phantom stock units underlying his Deferred Stock Award, subject
to such terms and conditions as the Administrator may determine.

     (d) Termination. Except as may otherwise be provided by the Administrator
either in the Award Agreement or, subject to Section 16 below, in writing after
the Award Agreement is issued, a grantee's right in all Deferred Stock Awards
that have not vested shall automatically terminate upon the grantee's
termination of employment (or cessation of service relationship) with the
Company and its Subsidiaries for any reason.

SECTION 9. UNRESTRICTED STOCK AWARDS

     Grant or Sale of Unrestricted Stock. The Administrator may, in its sole
discretion, grant (or sell at par value or such higher purchase price determined
by the Administrator) an Unrestricted Stock Award under the Plan. Unrestricted
Stock Awards may be granted in respect of past services or other valid
consideration, or in lieu of cash compensation due to such grantee.

SECTION 10. CASH-BASED AWARDS

     (a) Grant of Cash-based Awards. The Administrator may, in its sole
discretion, grant Cash-based Awards to any grantee in such number or amount and
upon such terms, and subject to such conditions, as the Administrator shall
determine at the time of grant. The Administrator shall determine the maximum
duration of the Cash-based Award, the amount of cash to which the Cash-based
Award pertains, the conditions upon which the Cash-based Award shall become
vested or payable, and such other provisions as the Administrator shall
determine. Each Cash-based Award shall specify a cash-denominated payment
amount, formula or payment ranges as determined by the Administrator. Payment,
if any, with respect to a Cash-based Award shall be made in accordance with the
terms of the Award and may be made in cash or in shares of Stock, as the
Administrator determines.

SECTION 11. DIVIDEND EQUIVALENT RIGHTS

     (a) Dividend Equivalent Rights. A Dividend Equivalent Right may be granted
hereunder to any grantee as a component of another Award or as a freestanding
award. The terms and conditions of Dividend Equivalent Rights shall be specified
in the Award Agreement. Dividend equivalents credited to the holder of a
Dividend Equivalent Right may be paid currently or may be deemed to be
reinvested in additional shares of Stock, which may thereafter accrue additional
equivalents. Any such reinvestment shall be at Fair Market Value on the date of
reinvestment or such other price as may then apply under a dividend reinvestment
plan sponsored by the Company, if any. Dividend Equivalent Rights may be settled
in cash or shares of Stock or a combination thereof, in a single installment or
installments. A Dividend Equivalent Right granted as a component of another
Award may provide that such Dividend Equivalent Right shall be settled upon
exercise, settlement, or payment of, or lapse of restrictions on, such other
Award, and that such Dividend Equivalent Right shall expire or be forfeited or
annulled under the same conditions as such other Award. A Dividend Equivalent
Right granted as a component of another Award may also contain terms and
conditions different from such other Award.

                                       12

<PAGE>

     (b) Interest Equivalents. Any Award under this Plan that is settled in
whole or in part in cash on a deferred basis may provide in the grant for
interest equivalents to be credited with respect to such cash payment. Interest
equivalents may be compounded and shall be paid upon such terms and conditions
as may be specified by the grant.

     (c) Termination. Except as may otherwise be provided by the Administrator
either in the Award Agreement or, subject to Section 16 below, in writing after
the Award Agreement is issued, a grantee's rights in all Dividend Equivalent
Rights or interest equivalents granted as a component of another Award that has
not vested shall automatically terminate upon the grantee's termination of
employment (or cessation of service relationship) with the Company and its
Subsidiaries for any reason.

SECTION 12. TRANSFERABILITY OF AWARDS

     (a) Transferability. Except as provided in Section 12(b) below, during a
grantee's lifetime, his or her Awards shall be exercisable only by the grantee,
or by the grantee's legal representative or guardian in the event of the
grantee's incapacity. No Awards shall be sold, assigned, transferred or
otherwise encumbered or disposed of by a grantee other than by will or by the
laws of descent and distribution. No Awards shall be subject, in whole or in
part, to attachment, execution, or levy of any kind, and any purported transfer
in violation hereof shall be null and void.

     (b) Administrator Action. Notwithstanding Section 12(a), the Administrator,
in its discretion, may provide either in the Award Agreement regarding a given
Award or by subsequent written approval that the grantee (who is an employee or
director) may transfer his or her Awards (other than any Incentive Stock
Options) to his or her immediate family members, to trusts for the benefit of
such family members, or to partnerships in which such family members are the
only partners, provided that the transferee agrees in writing with the Company
to be bound by all of the terms and conditions of this Plan and the applicable
Award.

     (c) Family Member. For purposes of Section 12(b), "family member" shall
mean a grantee's child, stepchild, grandchild, parent, stepparent, grandparent,
spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including
adoptive relationships, any person sharing the grantee's household (other than a
tenant of the grantee), a trust in which these persons (or the grantee) have
more than 50 percent of the beneficial interest, a foundation in which these
persons (or the grantee) control the management of assets, and any other entity
in which these persons (or the grantee) own more than 50 percent of the voting
interests.

     (d) Designation of Beneficiary. Each grantee to whom an Award has been made
under the Plan may designate a beneficiary or beneficiaries to exercise any
Award or receive any payment under any Award payable on or after the grantee's
death. Any such designation shall be on a form provided for that purpose by the
Administrator and shall not be effective until received by the Administrator. If
no beneficiary has been designated by a deceased grantee, or if the designated
beneficiaries have predeceased the grantee, the beneficiary shall be the
grantee's estate.

                                       13

<PAGE>

SECTION 13. TAX WITHHOLDING

     (a) Payment by Grantee. Each grantee shall, no later than the date as of
which the value of an Award or of any Stock or other amounts received thereunder
first becomes includable in the gross income of the grantee for Federal income
tax purposes, pay to the Company, or make arrangements satisfactory to the
Administrator regarding payment of, any Federal, state, or local taxes of any
kind required by law to be withheld by the Company with respect to such income.
The Company and its Subsidiaries shall, to the extent permitted by law, have the
right to deduct any such taxes from any payment of any kind otherwise due to the
grantee. The Company's obligation to deliver evidence of book entry (or stock
certificates) to any grantee is subject to and conditioned on tax withholding
obligations being satisfied by the grantee.

     (b) Payment in Stock. Subject to approval by the Administrator, a grantee
may elect to have the Company's minimum required tax withholding obligation
satisfied, in whole or in part, by authorizing the Company to withhold from
shares of Stock to be issued pursuant to any Award a number of shares with an
aggregate Fair Market Value (as of the date the withholding is effected) that
would satisfy the withholding amount due.

SECTION 14. ADDITIONAL CONDITIONS APPLICABLE TO NONQUALIFIED DEFERRED
            COMPENSATION UNDER SECTION 409A.

     In the event any Stock Option or Stock Appreciation Right under the Plan is
materially modified and deemed a new grant at a time when the Fair Market Value
exceeds the exercise price, or any other Award is otherwise determined to
constitute "nonqualified deferred compensation" within the meaning of Section
409A (a "409A Award"), the following additional conditions shall apply and shall
supersede any contrary provisions of this Plan or the terms of any agreement
relating to such 409A Award.

     (a) Exercise and Distribution. Except as provided in Section 14(b) hereof,
no 409A Award shall be exercisable or distributable earlier than upon one of the
following:

          (i) Specified Time. A specified time or a fixed schedule set forth in
the written instrument evidencing the 409A Award.

          (ii) Separation from Service. Separation from service (within the
meaning of Section 409A) by the 409A Award grantee; provided, however, that if
the 409A Award grantee is a "key employee" (as defined in Section 416(i) of the
Code without regard to paragraph (5) thereof) and any of the Company's Stock is
publicly traded on an established securities market or otherwise, exercise or
distribution under this Section 14(a)(ii) may not be made before the date that
is six months after the date of separation from service.

          (iii) Death. The date of death of the 409A Award grantee.

          (iv) Disability. The date the 409A Award grantee becomes disabled
(within the meaning of Section 14(c)(ii) hereof).

                                       14

<PAGE>

          (v) Unforeseeable Emergency. The occurrence of an unforeseeable
emergency (within the meaning of Section 14(c)(iii) hereof), but only if the net
value (after payment of the exercise price) of the number of shares of Stock
that become issuable does not exceed the amounts necessary to satisfy such
emergency plus amounts necessary to pay taxes reasonably anticipated as a result
of the exercise, after taking into account the extent to which the emergency is
or may be relieved through reimbursement or compensation by insurance or
otherwise or by liquidation of the grantee's other assets (to the extent such
liquidation would not itself cause severe financial hardship).

          (vi) Change in Control Event. The occurrence of a Change in Control
Event (within the meaning of Section 14(c)(i) hereof), including the Company's
discretionary exercise of the right to accelerate vesting of such grant upon a
Change in Control Event or to terminate the Plan or any 409A Award granted
hereunder within 12 months of the Change in Control Event.

     (b) No Acceleration. A 409A Award may not be accelerated or exercised prior
to the time specified in Section 14(a) hereof, except in the case of one of the
following events:

          (i) Domestic Relations Order. The 409A Award may permit the
acceleration of the exercise or distribution time or schedule to an individual
other than the grantee as may be necessary to comply with the terms of a
domestic relations order (as defined in Section 414(p)(1)(B) of the Code).

          (ii) Conflicts of Interest. The 409A Award may permit the acceleration
of the exercise or distribution time or schedule as may be necessary to comply
with the terms of a certificate of divestiture (as defined in Section 1043(b)(2)
of the Code).

          (iii) Change in Control Event. The Administrator may exercise the
discretionary right to accelerate the vesting of such 409A Award upon a Change
in Control Event or to terminate the Plan or any 409A Award granted thereunder
within 12 months of the Change in Control Event and cancel the 409A Award for
compensation.

     (c) Definitions. Solely for purposes of this Section 14 and not for other
purposes of the Plan, the following terms shall be defined as set forth below:

          (i) "Change in Control Event" means the occurrence of a change in the
ownership of the Company, a change in effective control of the Company, or a
change in the ownership of a substantial portion of the assets of the Company
(as defined in Section 1.409A-3(g) of the proposed regulations promulgated under
Section 409A by the Department of the Treasury on September 29, 2005 or any
subsequent guidance).

          (ii) "Disabled" means a grantee who (i) is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to
last for a continuous period of not less than 12 months, or (ii) is, by reason
of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not
less than 12 months, receiving income replacement benefits for a period of not
less than three months under an accident and health plan covering employees of
the Company or its Subsidiaries.

                                       15

<PAGE>

          (iii) "Unforeseeable Emergency" means a severe financial hardship to
the grantee resulting from an illness or accident of the grantee, the grantee's
spouse, or a dependent (as defined in Section 152(a) of the Code) of the
grantee, loss of the grantee's property due to casualty, or similar
extraordinary and unforeseeable circumstances arising as a result of events
beyond the control of the grantee.

SECTION 15. TRANSFER, LEAVE OF ABSENCE, ETC.

     For purposes of the Plan, the following events shall not be deemed a
termination of employment:

     (a) a transfer to the employment of the Company from a Subsidiary or from
the Company to a Subsidiary, or from one Subsidiary to another; or

     (b) an approved leave of absence for military service or sickness, or for
any other purpose approved by the Company, if the employee's right to
re-employment is guaranteed either by a statute or by contract or under the
policy pursuant to which the leave of absence was granted or if the
Administrator otherwise so provides in writing.

SECTION 16. AMENDMENTS AND TERMINATION

     The Board may, at any time, amend or discontinue the Plan and the
Administrator may, at any time, amend or cancel any outstanding Award for the
purpose of satisfying changes in law or for any other lawful purpose, but no
such action shall adversely affect rights under any outstanding Award without
the holder's consent. Except as provided in Section 3(b) or 3(c), in no event
may the Administrator exercise its discretion to reduce the exercise price of
outstanding Stock Options or Stock Appreciation Rights or effect repricing
through cancellation and re-grants. Any material Plan amendments (other than
amendments that curtail the scope of the Plan), including any Plan amendments
that (i) increase the number of shares reserved for issuance under the Plan,
(ii) expand the type of Awards available under, materially expand the
eligibility to participate in, or materially extend the term of, the Plan, or
(iii) materially change the method of determining Fair Market Value, shall be
subject to approval by the Company stockholders entitled to vote at a meeting of
stockholders. In addition, to the extent determined by the Administrator to be
required by the Code to ensure that Incentive Stock Options granted under the
Plan are qualified under Section 422 of the Code or to ensure that compensation
earned under Awards qualifies as performance-based compensation under Section
162(m) of the Code, Plan amendments shall be subject to approval by the Company
stockholders entitled to vote at a meeting of stockholders. Nothing in this
Section 16 shall limit the Administrator's authority to take any action
permitted pursuant to Section 3(c).

SECTION 17. STATUS OF PLAN

     With respect to the portion of any Award that has not been exercised and
any payments in cash, Stock or other consideration not received by a grantee, a
grantee shall have no rights greater than those of a general creditor of the
Company unless the Administrator shall otherwise expressly determine in
connection with any Award or Awards. In its sole discretion, the Administrator
may authorize the creation of trusts or other arrangements to meet the Company's

                                       16

<PAGE>

obligations to deliver Stock or make payments with respect to Awards hereunder,
provided that the existence of such trusts or other arrangements is consistent
with the foregoing sentence.

SECTION 18. GENERAL PROVISIONS

     (a) No Distribution. The Administrator may require each person acquiring
Stock pursuant to an Award to represent to and agree with the Company in writing
that such person is acquiring the shares without a view to distribution thereof.

     (b) Delivery of Stock Certificates. Stock certificates to grantees under
this Plan shall be deemed delivered for all purposes when the Company or a stock
transfer agent of the Company shall have mailed such certificates in the United
States mail, addressed to the grantee, at the grantee's last known address on
file with the Company. Uncertificated Stock shall be deemed delivered for all
purposes when the Company or a Stock transfer agent of the Company shall have
given to the grantee by electronic mail (with proof of receipt) or by United
States mail, addressed to the grantee, at the grantee's last known address on
file with the Company, notice of issuance and recorded the issuance in its
records (which may include electronic "book entry" records). Notwithstanding
anything herein to the contrary, the Company shall not be required to issue or
deliver any certificates evidencing shares of Stock pursuant to the exercise of
any Award, unless and until the Board has determined, with advice of counsel (to
the extent the Board deems such advice necessary or advisable), that the
issuance and delivery of such certificates is in compliance with all applicable
laws, regulations of governmental authorities and, if applicable, the
requirements of any exchange on which the shares of Stock are listed, quoted or
traded. All Stock certificates delivered pursuant to the Plan shall be subject
to any stop-transfer orders and other restrictions as the Administrator deems
necessary or advisable to comply with federal, state or foreign jurisdiction,
securities or other laws, rules and quotation system on which the Stock is
listed, quoted or traded. The Administrator may place legends on any Stock
certificate to reference restrictions applicable to the Stock. In addition to
the terms and conditions provided herein, the Board may require that an
individual make such reasonable covenants, agreements, and representations as
the Board, in its discretion, deems necessary or advisable in order to comply
with any such laws, regulations, or requirements. The Administrator shall have
the right to require any individual to comply with any timing or other
restrictions with respect to the settlement or exercise of any Award, including
a window-period limitation, as may be imposed in the discretion of the
Administrator.

     (c) Stockholder Rights. Until Stock is deemed delivered in accordance with
Section 18(b), no right to vote or receive dividends or any other rights of a
stockholder will exist with respect to shares of Stock to be issued in
connection with an Award, notwithstanding the exercise of a Stock Option or any
other action by the grantee with respect to an Award.

     (d) Other Compensation Arrangements; No Employment Rights. Nothing
contained in this Plan shall prevent the Board from adopting other or additional
compensation arrangements, including trusts, and such arrangements may be either
generally applicable or applicable only in specific cases. The adoption of this
Plan and the grant of Awards do not confer upon any employee any right to
continued employment with the Company or any Subsidiary.

                                       17

<PAGE>

     (e) Trading Policy Restrictions. Option exercises and other Awards under
the Plan shall be subject to such Company's insider trading policy and
procedures, as in effect from time to time.

     (f) Forfeiture of Awards under Sarbanes-Oxley Act. If the Company is
required to prepare an accounting restatement due to the material noncompliance
of the Company, as a result of misconduct, with any financial reporting
requirement under the securities laws, then any grantee who is one of the
individuals subject to automatic forfeiture under Section 304 of the
Sarbanes-Oxley Act of 2002 shall reimburse the Company for the amount of any
Award received by such individual under the Plan during the 12-month period
following the first public issuance or filing with the United States Securities
and Exchange Commission, as the case may be, of the financial document embodying
such financial reporting requirement.

SECTION 19. EFFECTIVE DATE OF PLAN

     This Plan shall become effective upon approval by the holders of a majority
of the votes cast at a meeting of stockholders at which a quorum is present or
pursuant to written consent. No grants of Stock Options and other Awards may be
made hereunder after the tenth anniversary of the Effective Date and no grants
of Incentive Stock Options may be made hereunder after the tenth anniversary of
the date the Plan is approved by the Board.

SECTION 20. GOVERNING LAW

     This Plan and all Awards and actions taken thereunder shall be governed by,
and construed in accordance with, the laws of Delaware, applied without regard
to conflict of law principles.

DATE APPROVED BY BOARD OF DIRECTORS: May 14, 2007

DATE APPROVED BY STOCKHOLDERS: May 22, 2007

                                       18
<PAGE>

                      NON-QUALIFIED STOCK OPTION AGREEMENT
                              FOR COMPANY EMPLOYEES

                          UNDER THE VIRTUSA CORPORATION
                      2007 STOCK OPTION AND INCENTIVE PLAN

Name of Optionee: __________________________________________________
No. of Option Shares: ______________________________________________
Option Exercise Price per Share: $__________________________________
                                 [FMV ON GRANT DATE]
Grant Date: ________________________________________________________
Expiration Date: ___________________________________________________

     Pursuant to the Virtusa Corporation 2007 Stock Option and Incentive Plan as
amended through the date hereof (the "Plan"), Virtusa Corporation (the
"Company") hereby grants to the Optionee named above an option (the "Stock
Option") to purchase on or prior to the Expiration Date specified above all or
part of the number of shares of Common Stock, par value $0.01 per share (the
"Stock") of the Company specified above at the Option Exercise Price per Share
specified above subject to the terms and conditions set forth herein and in the
Plan. This Stock Option is not intended to be an "incentive stock option" under
Section 422 of the Internal Revenue Code of 1986, as amended.

     1. Exercisability Schedule. No portion of this Stock Option may be
exercised until such portion shall have become exercisable. Except as set forth
below, and subject to the discretion of the Administrator (as defined in Section
2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock
Option shall be exercisable with respect to the following number of Option
Shares on the dates indicated:

<TABLE>
<CAPTION>
  Incremental Number of
Option Shares Exercisable   Exercisability Date
-------------------------   -------------------
<S>               <C>       <C>
  _____________   (___%)        ____________
  _____________   (___%)        ____________
  _____________   (___%)        ____________
  _____________   (___%)        ____________
</TABLE>

     Once exercisable, this Stock Option shall continue to be exercisable at any
time or times prior to the close of business on the Expiration Date, subject to
the provisions hereof and of the Plan.

     2. Manner of Exercise.

<PAGE>

          (a) The Optionee may exercise this Stock Option only in the following
manner: from time to time on or prior to the Expiration Date of this Stock
Option, the Optionee may give written notice to the Administrator of his or her
election to purchase some or all of the Option Shares purchasable at the time of
such notice. This notice shall specify the number of Option Shares to be
purchased.

     Payment of the purchase price for the Option Shares may be made by one or
more of the following methods: (i) in cash, by certified or bank check or other
instrument acceptable to the Administrator; (ii) through the delivery (or
attestation to the ownership) of shares of Stock that have been purchased by the
Optionee on the open market or that are beneficially owned by the Optionee and
are not then subject to any restrictions under any Company plan and that
otherwise satisfy any holding periods as may be required by the Administrator;
(iii) by the Optionee delivering to the Company a properly executed exercise
notice together with irrevocable instructions to a broker to promptly deliver to
the Company cash or a check payable and acceptable to the Company to pay the
option purchase price, provided that in the event the Optionee chooses to pay
the option purchase price as so provided, the Optionee and the broker shall
comply with such procedures and enter into such agreements of indemnity and
other agreements as the Administrator shall prescribe as a condition of such
payment procedure; or (iv) a combination of (i), (ii) and (iii) above. Payment
instruments will be received subject to collection.

     The transfer to the Optionee on the records of the Company or of the
transfer agent of the Option Shares will be contingent upon (i) the Company's
receipt from the Optionee of the full purchase price for the Option Shares, as
set forth above, (ii) the fulfillment of any other requirements contained herein
or in the Plan or in any other agreement or provision of laws, and (iii) the
receipt by the Company of any agreement, statement or other evidence that the
Company may require to satisfy itself that the issuance of Stock to be purchased
pursuant to the exercise of Stock Options under the Plan and any subsequent
resale of the shares of Stock will be in compliance with applicable laws and
regulations. In the event the Optionee chooses to pay the purchase price by
previously-owned shares of Stock through the attestation method, the number of
shares of Stock transferred to the Optionee upon the exercise of the Stock
Option shall be net of the Shares attested to.

          (b) The shares of Stock purchased upon exercise of this Stock Option
shall be transferred to the Optionee on the records of the Company or of the
transfer agent upon compliance to the satisfaction of the Administrator with all
requirements under applicable laws or regulations in connection with such
issuance and with the requirements hereof and of the Plan. The determination of
the Administrator as to such compliance shall be final and binding on the
Optionee. The Optionee shall not be deemed to be the holder of, or to have any
of the rights of a holder with respect to, any shares of Stock subject to this
Stock Option unless and until this Stock Option shall have been exercised
pursuant to the terms hereof, the Company or the transfer agent shall have
transferred the shares to the Optionee, and the Optionee's name shall have been
entered as the stockholder of record on the books of the Company. Thereupon, the
Optionee shall have full voting, dividend and other ownership rights with
respect to such shares of Stock.

          (c) The minimum number of shares with respect to which this Stock
Option may be exercised at any one time shall be 100 shares, unless the number
of shares with respect to

                                        2

<PAGE>

which this Stock Option is being exercised is the total number of shares subject
to exercise under this Stock Option at the time.

          (d) Notwithstanding any other provision hereof or of the Plan, no
portion of this Stock Option shall be exercisable after the Expiration Date
hereof.

     3. Termination of Employment. If the Optionee's employment by the Company
or a Subsidiary (as defined in the Plan) is terminated, the period within which
to exercise the Stock Option may be subject to earlier termination as set forth
below.

          (a) Termination Due to Death. If the Optionee's employment terminates
by reason of the Optionee's death, any portion of this Stock Option outstanding
on such date [SHALL BECOME FULLY EXERCISABLE AND] may thereafter be exercised by
the Optionee's legal representative or legatee for a period of 12 months from
the date of death or until the Expiration Date, if earlier.

          (b) Termination Due to Disability. If the Optionee's employment
terminates by reason of the Optionee's disability (as determined by the
Administrator), any portion of this Stock Option outstanding on such date [SHALL
BECOME FULLY EXERCISABLE AND] may thereafter be exercised by the Optionee for a
period of 12 months from the date of termination or until the Expiration Date,
if earlier.

          (c) Termination for Cause. If the Optionee's employment terminates for
Cause, any portion of this Stock Option outstanding on such date shall terminate
immediately and be of no further force and effect. For purposes hereof, "Cause"
shall mean, unless otherwise provided in an employment agreement between the
Company and the Optionee, a determination by the Administrator that the Optionee
shall be dismissed as a result of (i) any material breach by the Optionee of any
agreement between the Optionee and the Company; (ii) the conviction of,
indictment for or plea of nolo contendere by the Optionee to a felony or a crime
involving moral turpitude; or (iii) any material misconduct or willful and
deliberate non-performance (other than by reason of disability) by the Optionee
of the Optionee's duties to the Company.

          (d) Other Termination. If the Optionee's employment terminates for any
reason other than the Optionee's death, the Optionee's disability or Cause, and
unless otherwise determined by the Administrator, any portion of this Stock
Option outstanding on such date may be exercised, to the extent exercisable on
the date of termination, for a period of three months from the date of
termination or until the Expiration Date, if earlier. Any portion of this Stock
Option that is not exercisable on the date of termination shall terminate
immediately and be of no further force or effect.

     The Administrator's determination of the reason for termination of the
Optionee's employment shall be conclusive and binding on the Optionee and his or
her representatives or legatees.

     4. Incorporation of Plan. Notwithstanding anything herein to the contrary,
this Stock Option shall be subject to and governed by all the terms and
conditions of the Plan, including the powers of the Administrator set forth in
Section 2(b) of the Plan. Capitalized

                                        3

<PAGE>

terms in this Agreement shall have the meaning specified in the Plan, unless a
different meaning is specified herein.

     5. Transferability. This Agreement is personal to the Optionee, is
non-assignable and is not transferable in any manner, by operation of law or
otherwise, other than by will or the laws of descent and distribution. This
Stock Option is exercisable, during the Optionee's lifetime, only by the
Optionee, and thereafter, only by the Optionee's legal representative or
legatee.

     6. Tax Withholding. The Optionee shall, not later than the date as of which
the exercise of this Stock Option becomes a taxable event for Federal income tax
purposes, pay to the Company or make arrangements satisfactory to the
Administrator for payment of any Federal, state, and local taxes required by law
to be withheld on account of such taxable event. The Optionee may elect to have
the minimum required tax withholding obligation satisfied, in whole or in part,
by authorizing the Company to withhold from shares of Stock to be issued a
number of shares of Stock with an aggregate Fair Market Value that would satisfy
the withholding amount due.

     7. No Obligation to Continue Employment. Neither the Company nor any
Subsidiary is obligated by or as a result of the Plan or this Agreement to
continue the Optionee in employment and neither the Plan nor this Agreement
shall interfere in any way with the right of the Company or any Subsidiary to
terminate the employment of the Optionee at any time.

                                        4

<PAGE>

     8. Notices. Notices hereunder shall be mailed or delivered to the Company
at its principal place of business and shall be mailed or delivered to the
Optionee at the address on file with the Company or, in either case, at such
other address as one party may subsequently furnish to the other party in
writing.

                                        VIRTUSA CORPORATION

                                        By:
                                            ------------------------------------
                                        Title:
                                               ---------------------------------

The foregoing Agreement is hereby accepted and the terms and conditions thereof
hereby agreed to by the undersigned.

Dated:
       ------------------------------   ----------------------------------------
                                        Optionee's Signature

                                        Optionee's name and address:

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------

                                        5
<PAGE>

                        RESTRICTED STOCK AWARD AGREEMENT

                          UNDER THE VIRTUSA CORPORATION
                      2007 STOCK OPTION AND INCENTIVE PLAN

Name of Grantee: _______________________________________________________
No. of Shares: _________________________________________________________
Grant Date: ____________________________________________________________
Final Acceptance Date: _________________________________________________

     Pursuant to the Virtusa Corporation 2007 Stock Option and Incentive Plan
(the "Plan") as amended through the date hereof, Virtusa Corporation (the
"Company") hereby grants a Restricted Stock Award (an "Award") to the Grantee
named above. Upon acceptance of this Award, the Grantee shall receive the number
of shares of Common Stock, par value $0.01 per share (the "Stock") of the
Company specified above, subject to the restrictions and conditions set forth
herein and in the Plan. The Company acknowledges the receipt from the Grantee of
an amount equal to the aggregate par value for the Stock in the form of cash,
services or other appropriate consideration.

     1. Acceptance of Award. The Grantee shall have no rights with respect to
this Award unless he or she shall have accepted this Award prior to the close of
business on the Final Acceptance Date specified above by (i) signing and
delivering to the Company a copy of this Award Agreement, and (ii) delivering to
the Company a stock power endorsed in blank. Upon acceptance of this Award by
the Grantee, the shares of Restricted Stock so accepted shall be issued and held
by the Company's transfer agent in book entry form, and the Grantee's name shall
be entered as the stockholder of record on the books of the Company. Thereupon,
the Grantee shall have all the rights of a stockholder with respect to such
shares, including voting and dividend rights, subject, however, to the
restrictions and conditions specified in Paragraph 2 below.

     2. Restrictions and Conditions.

          (a) Any book entries for the shares of Restricted Stock granted herein
shall bear an appropriate legend, as determined by the Administrator in its sole
discretion, to the effect that such shares are subject to restrictions as set
forth herein and in the Plan.

          (b) Shares of Restricted Stock granted herein may not be sold,
assigned, transferred, pledged or otherwise encumbered or disposed of by the
Grantee prior to vesting.

          (c) If the Grantee's employment with the Company and its Subsidiaries
is voluntarily or involuntarily terminated for any reason (including death)
prior to vesting of shares of Restricted Stock granted herein, all shares of
Restricted Stock shall immediately and automatically be forfeited and returned
to the Company.

     3. Vesting of Restricted Stock. The restrictions and conditions in
Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified
in the following schedule so long

<PAGE>

as the Grantee remains an employee of the Company or a Subsidiary on such Dates.
If a series of Vesting Dates is specified, then the restrictions and conditions
in Paragraph 2 shall lapse only with respect to the number of shares of
Restricted Stock specified as vested on such date.

<TABLE>
<CAPTION>
       Number of
     Shares Vested       Vesting Date
----------------------   ------------
<S>             <C>      <C>
_____________   (___%)   ____________
_____________   (___%)   ____________
_____________   (___%)   ____________
_____________   (___%)   ____________
</TABLE>

     Subsequent to such Vesting Date or Dates, the shares of Stock on which all
restrictions and conditions have lapsed shall no longer be deemed Restricted
Stock. The Administrator may at any time accelerate the vesting schedule
specified in this Paragraph 3.

     4. Dividends. Dividends on Shares of Restricted Stock shall be paid
currently to the Grantee.

     5. Incorporation of Plan. Notwithstanding anything herein to the contrary,
this Agreement shall be subject to and governed by all the terms and conditions
of the Plan, including the powers of the Administrator set forth in Section 2(b)
of the Plan. Capitalized terms in this Agreement shall have the meaning
specified in the Plan, unless a different meaning is specified herein.

     6. Transferability. This Agreement is personal to the Grantee, is
non-assignable and is not transferable in any manner, by operation of law or
otherwise, other than by will or the laws of descent and distribution.

     7. Tax Withholding. The Grantee shall, not later than the date as of which
the receipt of this Award becomes a taxable event for Federal income tax
purposes, pay to the Company or make arrangements satisfactory to the
Administrator for payment of any Federal, state, and local taxes required by law
to be withheld on account of such taxable event. Except in the case where an
election is made pursuant to Paragraph 8 below, the Grantee may elect to have
the required minimum tax withholding obligation satisfied, in whole or in part,
by authorizing the Company to withhold from shares of Stock to be issued or
released by the transfer agent a number of shares of Stock with an aggregate
Fair Market Value that would satisfy the withholding amount due.

     8. Election Under Section 83(b). The Grantee and the Company hereby agree
that the Grantee may, within 30 days following the acceptance of this Award as
provided in Paragraph 1 hereof, file with the Internal Revenue Service and the
Company an election under Section 83(b) of the Internal Revenue Code. In the
event the Grantee makes such an election, he or she agrees to provide a copy of
the election to the Company.

<PAGE>

     9. No Obligation to Continue Employment. Neither the Company nor any
Subsidiary is obligated by or as a result of the Plan or this Agreement to
continue the Grantee in employment and neither the Plan nor this Agreement shall
interfere in any way with the right of the Company or any Subsidiary to
terminate the employment of the Grantee at any time.

     10. Notices. Notices hereunder shall be mailed or delivered to the Company
at its principal place of business and shall be mailed or delivered to the
Grantee at the address on file with the Company or, in either case, at such
other address as one party may subsequently furnish to the other party in
writing.

                                        VIRTUSA CORPORATION

                                        By:
                                            ------------------------------------
                                        Title:
                                               ---------------------------------

The foregoing Agreement is hereby accepted and the terms and conditions thereof
hereby agreed to by the undersigned.

Dated:
       ------------------------------   ----------------------------------------
                                        Grantee's Signature

                                        Grantee's name and address:

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------
<PAGE>

                        INCENTIVE STOCK OPTION AGREEMENT

                          UNDER THE VIRTUSA CORPORATION
                      2007 STOCK OPTION AND INCENTIVE PLAN

Name of Optionee: ______________________________________________________
No. of Option Shares: __________________________________________________
Option Exercise Price per Share: $______________________________________
                                 [FMV ON GRANT DATE (110% OF FMV IF A
                                 10% OWNER)]
Grant Date: ____________________________________________________________
Expiration Date: _______________________________________________________
                 [UP TO 10 YEARS (5 IF A 10% OWNER)]

     Pursuant to the Virtusa Corporation 2007 Stock Option and Incentive Plan as
amended through the date hereof (the "Plan"), Virtusa Corporation (the
"Company") hereby grants to the Optionee named above an option (the "Stock
Option") to purchase on or prior to the Expiration Date specified above all or
part of the number of shares of Common Stock, par value $0.01 per share (the
"Stock"), of the Company specified above at the Option Exercise Price per Share
specified above subject to the terms and conditions set forth herein and in the
Plan.

     1. Exercisability Schedule. No portion of this Stock Option may be
exercised until such portion shall have become exercisable. Except as set forth
below, and subject to the discretion of the Administrator (as defined in Section
2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock
Option shall be exercisable with respect to the following number of Option
Shares on the dates indicated:

<TABLE>
<CAPTION>
  Incremental Number of
Option Shares Exercisable*   Exercisability Date
--------------------------   -------------------
<S>               <C>        <C>
  _____________   (___%)         ____________
  _____________   (___%)         ____________
  _____________   (___%)         ____________
  _____________   (___%)         ____________
</TABLE>

*    Max. of $100,000 per yr.

     Once exercisable, this Stock Option shall continue to be exercisable at any
time or times prior to the close of business on the Expiration Date, subject to
the provisions hereof and of the Plan.

<PAGE>

     2. Manner of Exercise.

          (a) The Optionee may exercise this Stock Option only in the following
manner: from time to time on or prior to the Expiration Date of this Stock
Option, the Optionee may give written notice to the Administrator of his or her
election to purchase some or all of the Option Shares purchasable at the time of
such notice. This notice shall specify the number of Option Shares to be
purchased.

     Payment of the purchase price for the Option Shares may be made by one or
more of the following methods: (i) in cash, by certified or bank check or other
instrument acceptable to the Administrator; (ii) through the delivery (or
attestation to the ownership) of shares of Stock that have been purchased by the
Optionee on the open market or that are beneficially owned by the Optionee and
are not then subject to any restrictions under any Company plan and that
otherwise satisfy any holding periods as may be required by the Administrator;
(iii) by the Optionee delivering to the Company a properly executed exercise
notice together with irrevocable instructions to a broker to promptly deliver to
the Company cash or a check payable and acceptable to the Company to pay the
option purchase price, provided that in the event the Optionee chooses to pay
the option purchase price as so provided, the Optionee and the broker shall
comply with such procedures and enter into such agreements of indemnity and
other agreements as the Administrator shall prescribe as a condition of such
payment procedure; or (iv) a combination of (i), (ii) and (iii) above. Payment
instruments will be received subject to collection.

     The transfer to the Optionee on the records of the Company or of the
transfer agent of the Option Shares will be contingent upon (i) the Company's
receipt from the Optionee of the full purchase price for the Option Shares, as
set forth above, (ii) the fulfillment of any other requirements contained herein
or in the Plan or in any other agreement or provision of laws, and (iii) the
receipt by the Company of any agreement, statement or other evidence that the
Company may require to satisfy itself that the issuance of Stock to be purchased
pursuant to the exercise of Stock Options under the Plan and any subsequent
resale of the shares of Stock will be in compliance with applicable laws and
regulations. In the event the Optionee chooses to pay the purchase price by
previously-owned shares of Stock through the attestation method, the number of
shares of Stock transferred to the Optionee upon the exercise of the Stock
Option shall be net of the shares attested to.

          (b) The shares of Stock purchased upon exercise of this Stock Option
shall be transferred to the Optionee on the records of the Company or of the
transfer agent upon compliance to the satisfaction of the Administrator with all
requirements under applicable laws or regulations in connection with such
issuance and with the requirements hereof and of the Plan. The determination of
the Administrator as to such compliance shall be final and binding on the
Optionee. The Optionee shall not be deemed to be the holder of, or to have any
of the rights of a holder with respect to, any shares of Stock subject to this
Stock Option unless and until this Stock Option shall have been exercised
pursuant to the terms hereof, the Company or the transfer agent shall have
transferred the shares to the Optionee, and the Optionee's name shall have been
entered as the stockholder of record on the books of the Company. Thereupon, the
Optionee shall have full voting, dividend and other ownership rights with
respect to such shares of Stock.

                                        2

<PAGE>

          (c) The minimum number of shares with respect to which this Stock
Option may be exercised at any one time shall be 100 shares, unless the number
of shares with respect to which this Stock Option is being exercised is the
total number of shares subject to exercise under this Stock Option at the time.

          (d) Notwithstanding any other provision hereof or of the Plan, no
portion of this Stock Option shall be exercisable after the Expiration Date
hereof.

     3. Termination of Employment. If the Optionee's employment by the Company
or a Subsidiary (as defined in the Plan) is terminated, the period within which
to exercise the Stock Option may be subject to earlier termination as set forth
below.

          (a) Termination Due to Death. If the Optionee's employment terminates
by reason of the Optionee's death, any portion of this Stock Option outstanding
on such date [SHALL BECOME FULLY EXERCISABLE AND] may thereafter be exercised by
the Optionee's legal representative or legatee for a period of 12 months from
the date of death or until the Expiration Date, if earlier.

          (b) Termination Due to Disability. If the Optionee's employment
terminates by reason of the Optionee's disability (as determined by the
Administrator), any portion of this Stock Option outstanding on such date [SHALL
BECOME FULLY EXERCISABLE AND] may thereafter be exercised by the Optionee for a
period of 12 months from the date of termination or until the Expiration Date,
if earlier.

          (c) Termination for Cause. If the Optionee's employment terminates for
Cause, any portion of this Stock Option outstanding on such date shall terminate
immediately and be of no further force and effect. For purposes hereof, "Cause"
shall mean, unless otherwise provided in an employment agreement between the
Company and the Optionee, a determination by the Administrator that the Optionee
shall be dismissed as a result of (i) any material breach by the Optionee of any
agreement between the Optionee and the Company; (ii) the conviction of,
indictment for or plea of nolo contendere by the Optionee to a felony or a crime
involving moral turpitude; or (iii) any material misconduct or willful and
deliberate non-performance (other than by reason of disability) by the Optionee
of the Optionee's duties to the Company.

          (d) Other Termination. If the Optionee's employment terminates for any
reason other than the Optionee's death, the Optionee's disability, or Cause, and
unless otherwise determined by the Administrator, any portion of this Stock
Option outstanding on such date may be exercised, to the extent exercisable on
the date of termination, for a period of three months from the date of
termination or until the Expiration Date, if earlier. Any portion of this Stock
Option that is not exercisable on the date of termination shall terminate
immediately and be of no further force or effect.

     The Administrator's determination of the reason for termination of the
Optionee's employment shall be conclusive and binding on the Optionee and his or
her representatives or legatees.

     4. Incorporation of Plan. Notwithstanding anything herein to the contrary,
this Stock Option shall be subject to and governed by all the terms and
conditions of the Plan,

                                        3

<PAGE>

including the powers of the Administrator set forth in Section 2(b) of the Plan.
Capitalized terms in this Agreement shall have the meaning specified in the
Plan, unless a different meaning is specified herein.

     5. Transferability. This Agreement is personal to the Optionee, is
non-assignable and is not transferable in any manner, by operation of law or
otherwise, other than by will or the laws of descent and distribution. This
Stock Option is exercisable, during the Optionee's lifetime, only by the
Optionee, and thereafter, only by the Optionee's legal representative or
legatee.

     6. Status of the Stock Option. This Stock Option is intended to qualify as
an "incentive stock option" under Section 422 of the Internal Revenue Code of
1986, as amended (the "Code"), but the Company does not represent or warrant
that this Stock Option qualifies as such. The Optionee should consult with his
or her own tax advisors regarding the tax effects of this Stock Option and the
requirements necessary to obtain favorable income tax treatment under Section
422 of the Code, including, but not limited to, holding period requirements. To
the extent any portion of this Stock Option does not so qualify as an "incentive
stock option," such portion shall be deemed to be a non-qualified stock option.
If the Optionee intends to dispose or does dispose (whether by sale, gift,
transfer or otherwise) of any Option Shares within the one-year period beginning
on the date after the transfer of such shares to him or her, or within the
two-year period beginning on the day after the grant of this Stock Option, he or
she will so notify the Company within 30 days after such disposition.

     7. Tax Withholding. The Optionee shall, not later than the date as of which
the exercise of this Stock Option becomes a taxable event for Federal income tax
purposes, pay to the Company or make arrangements satisfactory to the
Administrator for payment of any Federal, state, and local taxes required by law
to be withheld on account of such taxable event. The Optionee may elect to have
the minimum required tax withholding obligation satisfied, in whole or in part,
by authorizing the Company to withhold from shares of Stock to be issued a
number of shares of Stock with an aggregate Fair Market Value that would satisfy
the withholding amount due.

     8. No Obligation to Continue Employment. Neither the Company nor any
Subsidiary is obligated by or as a result of the Plan or this Agreement to
continue the Optionee in employment and neither the Plan nor this Agreement
shall interfere in any way with the right of the Company or any Subsidiary to
terminate the employment of the Optionee at any time.

                                        4

<PAGE>

     9. Notices. Notices hereunder shall be mailed or delivered to the Company
at its principal place of business and shall be mailed or delivered to the
Optionee at the address on file with the Company or, in either case, at such
other address as one party may subsequently furnish to the other party in
writing.

                                        VIRTUSA CORPORATION

                                        By:
                                            ------------------------------------
                                        Title:
                                               ---------------------------------

The foregoing Agreement is hereby accepted and the terms and conditions thereof
hereby agreed to by the undersigned.

Dated:
       ------------------------------   ----------------------------------------
                                        Optionee's Signature

                                        Optionee's name and address:

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------

                                        5
<PAGE>

                      NON-QUALIFIED STOCK OPTION AGREEMENT
                           FOR NON-EMPLOYEE DIRECTORS

                          UNDER THE VIRTUSA CORPORATION
                      2007 STOCK OPTION AND INCENTIVE PLAN

Name of Optionee: _____________________________________________________
No. of Option Shares: _________________________________________________
Option Exercise Price per Share: $_____________________________________
                                  [FMV ON GRANT DATE]
Grant Date: ___________________________________________________________
Expiration Date: ______________________________________________________
                 [NO MORE THAN 10 YEARS]

     Pursuant to the Virtusa Corporation 2007 Stock Option and Incentive Plan as
amended through the date hereof (the "Plan"), Virtusa Corporation (the
"Company") hereby grants to the Optionee named above, who is a Director of the
Company but is not an employee of the Company, an option (the "Stock Option") to
purchase on or prior to the Expiration Date specified above all or part of the
number of shares of Common Stock, par value $0.01 per share (the "Stock"), of
the Company specified above at the Option Exercise Price per Share specified
above subject to the terms and conditions set forth herein and in the Plan. This
Stock Option is not intended to be an "incentive stock option" under Section 422
of the Internal Revenue Code of 1986, as amended.

     1. Exercisability Schedule. No portion of this Stock Option may be
exercised until such portion shall have become exercisable. Except as set forth
below, and subject to the discretion of the Administrator (as defined in Section
2 of the Plan) to accelerate the exercisability schedule hereunder, this Stock
Option shall be exercisable with respect to the following number of Option
Shares on the dates indicated:

<TABLE>
<CAPTION>
  Incremental Number of
Option Shares Exercisable            Exercisability Date
-------------------------   ------------------------------------
<S>                 <C>     <C>
_________________   (25%)   One year anniversary of Grant Date
_________________   (25%)   Two year anniversary of Grant Date
_________________   (25%)   Three year anniversary of Grant Date
_________________   (25%)   Four year anniversary of Grant Date
</TABLE>

     In the case of and subject to the consummation of a Sale Event,
[______][ONE 25% INCREMENTAL TRANCHE AS SET FORTH ABOVE] Option Shares that are
not exercisable immediately prior to the effective time of the Sale Event shall
become exercisable as of the effective time of the Sale Event. Once exercisable,
this Stock Option shall continue to be exercisable at any time

<PAGE>

or times prior to the close of business on the Expiration Date, subject to the
provisions hereof and of the Plan.

     2. Manner of Exercise.

          (a) The Optionee may exercise this Stock Option only in the following
manner: from time to time on or prior to the Expiration Date of this Stock
Option, the Optionee may give written notice to the Administrator of his or her
election to purchase some or all of the Option Shares purchasable at the time of
such notice. This notice shall specify the number of Option Shares to be
purchased.

     Payment of the purchase price for the Option Shares may be made by one or
more of the following methods: (i) in cash, by certified or bank check or other
instrument acceptable to the Administrator; (ii) through the delivery (or
attestation to the ownership) of shares of Stock that have been purchased by the
Optionee on the open market or that are beneficially owned by the Optionee and
are not then subject to any restrictions under any Company plan and that
otherwise satisfy any holding periods as may be required by the Administrator;
(iii) by the Optionee delivering to the Company a properly executed exercise
notice together with irrevocable instructions to a broker to promptly deliver to
the Company cash or a check payable and acceptable to the Company to pay the
option purchase price, provided that in the event the Optionee chooses to pay
the option purchase price as so provided, the Optionee and the broker shall
comply with such procedures and enter into such agreements of indemnity and
other agreements as the Administrator shall prescribe as a condition of such
payment procedure; or (iv) a combination of (i), (ii) and (iii) above. Payment
instruments will be received subject to collection.

     The transfer to the Optionee on the records of the Company or of the
transfer agent of the Option Shares will be contingent upon (i) the Company's
receipt from the Optionee of the full purchase price for the Option Shares, as
set forth above, (ii) the fulfillment of any other requirements contained herein
or in the Plan or in any other agreement or provision of laws, and (iii) the
receipt by the Company of any agreement, statement or other evidence that the
Company may require to satisfy itself that the issuance of Stock to be purchased
pursuant to the exercise of Stock Options under the Plan and any subsequent
resale of the shares of Stock will be in compliance with applicable laws and
regulations. In the event the Optionee chooses to pay the purchase price by
previously-owned shares of Stock through the attestation method, the number of
shares of Stock transferred to the Optionee upon the exercise of the Stock
Option shall be net of the Shares attested to.

          (b) The shares of Stock purchased upon exercise of this Stock Option
shall be transferred to the Optionee on the records of the Company or of the
transfer agent upon compliance to the satisfaction of the Administrator with all
requirements under applicable laws or regulations in connection with such
transfer and with the requirements hereof and of the Plan. The determination of
the Administrator as to such compliance shall be final and binding on the
Optionee. The Optionee shall not be deemed to be the holder of, or to have any
of the rights of a holder with respect to, any shares of Stock subject to this
Stock Option unless and until this Stock Option shall have been exercised
pursuant to the terms hereof, the Company or the transfer agent shall have
transferred the shares to the Optionee, and the Optionee's name shall have been

                                        2

<PAGE>

entered as the stockholder of record on the books of the Company. Thereupon, the
Optionee shall have full voting, dividend and other ownership rights with
respect to such shares of Stock.

          (c) The minimum number of shares with respect to which this Stock
Option may be exercised at any one time shall be 100 shares, unless the number
of shares with respect to which this Stock Option is being exercised is the
total number of shares subject to exercise under this Stock Option at the time.

          (d) Notwithstanding any other provision hereof or of the Plan, no
portion of this Stock Option shall be exercisable after the Expiration Date
hereof.

     3. Termination as Director. If the Optionee ceases to be a Director of the
Company, the period within which to exercise the Stock Option may be subject to
earlier termination as set forth below.

          (a) Termination by Reason of Death. If the Optionee ceases to be a
Director by reason of the Optionee's death, any portion of this Stock Option
outstanding on such date [SHALL BECOME FULLY EXERCISABLE AND] may be exercised
by his or her legal representative or legatee for a period of 12 months from the
date of death or until the Expiration Date, if earlier.

          (b) Other Termination. If the Optionee ceases to be a Director for any
reason other than the Optionee's death, any portion of this Stock Option
outstanding on such date [SHALL BECOME FULLY EXERCISABLE AND] may be exercised
for a period of six months from the date of termination or until the Expiration
Date, if earlier.

     4. Incorporation of Plan. Notwithstanding anything herein to the contrary,
this Stock Option shall be subject to and governed by all the terms and
conditions of the Plan, including the powers of the Administrator set forth in
Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the
meaning specified in the Plan, unless a different meaning is specified herein.

     5. Transferability. This Agreement is personal to the Optionee, is
non-assignable and is not transferable in any manner, by operation of law or
otherwise, other than by will or the laws of descent and distribution. This
Stock Option is exercisable, during the Optionee's lifetime, only by the
Optionee, and thereafter, only by the Optionee's legal representative or
legatee.

     6. No Obligation to Continue as a Director. Neither the Plan nor this Stock
Option confers upon the Optionee any rights with respect to continuance as a
Director.

     7. Notices. Notices hereunder shall be mailed or delivered to the Company
at its principal place of business and shall be mailed or delivered to the
Optionee at the address on file with the Company or, in either case, at such
other address as one party may subsequently furnish to the other party in
writing.

     8. Amendment. Pursuant to Section 18 of the Plan, the Administrator may at
any time amend or cancel any outstanding portion of this Stock Option, but no
such action may be

                                        3

<PAGE>

taken that adversely affects the Optionee's rights under this Agreement without
the Optionee's consent.

                                        VIRTUSA CORPORATION

                                        By:
                                            ------------------------------------
                                        Title:
                                               ---------------------------------

The foregoing Agreement is hereby accepted and the terms and conditions thereof
hereby agreed to by the undersigned.

Dated:
       ------------------------------   ----------------------------------------
                                        Optionee's Signature

                                        Optionee's name and address:

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------

                                        4<PAGE>

                                                                   Exhibit 10.17

                FIFTH AMENDED AND RESTATED STOCKHOLDERS AGREEMENT

This Fifth Amended and Restated Stockholders Agreement (this "Agreement") is
made as of this 29th day of March, 2007 by and among Virtusa Corporation, a
Delaware corporation (together with any successor thereto, the "Company"), the
Investors, the Management Stockholders and the Additional Stockholders (each as
defined below).

WHEREAS, this Agreement amends and restates in its entirety that certain
Restated Fourth Amended and Restated Stockholders Agreement dated as of February
27, 2007, among the Company and the parties identified therein (the "Original
Agreement").

WHEREAS, the Stockholders are holders of shares and/or options to purchase
shares of the Company's Common Stock (as defined herein).

NOW THEREFORE, in consideration of the foregoing and the mutual covenants and
agreements hereinafter set forth, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

                                    SECTION 1

                                   DEFINITIONS

     1.1 CONSTRUCTION OF TERMS. As used herein, the masculine, feminine or
neuter gender, and the singular or plural number, shall be deemed to be or to
include the other genders or number, as the case may be, whenever the context so
indicates or requires.

     1.2 NUMBER OF SHARES OF STOCK. Whenever any provision of this Agreement
calls for any calculation based on a number of shares of Common Stock held by a
Major Stockholder, the number of shares deemed to be held by a Major Stockholder
shall be the total number of shares of Common Stock then owned by such Major
Stockholder and its Affiliates, plus the total number of shares of Common Stock
issuable upon conversion of any Preferred Stock or other convertible securities
or exercise of any vested options, warrants or subscription rights then owned by
such Major Stockholder.

     1.3 DEFINED TERMS. The following capitalized terms, as used in this
Agreement, shall have the meanings set forth below.

"Additional Stockholder" shall mean any stockholder, warrantholder or
optionholder of the Company who from time to time becomes party to this
Agreement by execution of a Joinder Agreement in substantially the form attached
hereto as Exhibit A.

An "Affiliate" of any Person means a Person that directly or indirectly, through
one or more intermediaries, controls, is controlled by or is under common
control with the first mentioned Person. A Person shall be deemed to control
another Person if such first Person possesses directly or indirectly the power
to direct, or cause the direction of, the management and policies of the second
Person, whether through the ownership of voting securities, by contract or
otherwise. In addition, for any Person that is a venture capital fund, the term
"Affiliate" shall also mean other venture capital funds which have the same
management company.

"Board of Directors" means the Board of Directors of the Company.

<PAGE>

"BT" means BT Americas Inc. and Affiliates.

"Business Day" means any day other than a Saturday, Sunday or other day on which
the commercial banks in the city of New York are authorized or required by law
or executive order to close.

"Common Stock" means the common stock, $.01 par value per share, of the Company,
the Conversion Shares and any other common equity securities now or hereafter
issued by the Company, and any other shares of stock issued or issuable with
respect thereto (whether by way of a stock dividend or stock split or in
exchange for or in replacement of or upon conversion thereof or otherwise in
connection with a combination of shares, recapitalization, merger, consolidation
or other corporate reorganization).

"Conversion Shares" means the shares of Common Stock issued or issuable upon
conversion of the Preferred Stock.

"CRP" means Charles River Partnership XI, L.P. and its Affiliates.

"Focus" means Focus Ventures II, L.P., V Investors II QP, L.P., FV Investors II
A, L.P., and their Affiliates.

"Globespan" means JAFCO America Technology Fund III, L.P., JAFCO America
Technology Cayman Fund III, L.P., JAFCO USIT Fund III, L.P. and JAFCO America
Technology Affiliates Fund III, L.P. and their Affiliates.

"Investors" shall mean each individual listed under the heading "Investors" on
the signature pages hereto and shall include BT.

"Major Stockholders" shall mean the Qualified Investors and Management
Stockholders, collectively.

"Management Stockholders" shall mean the stockholders of the Company listed
under the heading "Management Stockholders" on the signature pages hereto.

"Material Adverse Effect" means any change or effect that is materially adverse
to the properties, assets, business, or financial condition of the Company and
its Subsidiaries, taken as a whole.

"Person" means an individual, a corporation, an association, a partnership, a
limited liability company, an estate, a trust, and any other entity or
organization, governmental or otherwise.

"Preferred Stock" means the Series A Preferred Stock, the Series B Preferred
Stock, Series C Preferred Stock and the Series D Preferred Stock.

"Qualified Investor" means (x) an Investor, together with its Affiliates,
holding at least 1,500,000 shares of Preferred Stock and (y) BT, so long as it
(together with its Affiliates) holds at least 1,500,000 shares of Common Stock.

"Qualified Public Offering" shall have the meaning set forth in the Company's
Certificate of Incorporation.

"Securities Act" means the Securities Act of 1933, as amended from time to time,
and the rules and regulations promulgated thereunder.

"Series A Preferred Stock" means the Series A Convertible Participating
Preferred Stock, $.01 par value per share, of the Company.

                                        2

<PAGE>

"Series B Preferred Stock" means the Series B Convertible Participating
Preferred Stock, $.01 par value per share, of the Company.

"Series C Preferred Stock" means the Series C Convertible Participating
Preferred Stock, $.01 par value per share, of the Company.

"Series D Preferred Stock" means the Series D Preferred Stock, $.01 par value
per share, of the Company.

"Series A Purchase Agreement" means that Stock Purchase Agreement, dated May 25,
2000, pursuant to which, among other things, certain of the Investors agreed to
purchase shares of the Company's Series A Preferred Stock.

"Series B Purchase Agreement" means that Stock Purchase Agreement, dated
December 21, 2000, pursuant to which, among other things, certain of the
Investors agreed to purchase shares of the Company's Series B Preferred Stock.

"Series C Purchase Agreement" means that Stock Purchase Agreement, dated
November 1, 2002, pursuant to which, among other things, certain of the
Investors agreed to purchase shares of the Company's Series C Preferred Stock.

"Series D Purchase Agreement" means that Stock Purchase Agreement, dated
February 5, 2004, pursuant to which, among other things, certain of the
Investors agreed to purchase shares of the Company's Series D Preferred Stock.

"Sigma" means Sigma Partners V, L.P., Sigma Associates V, L.P., and Sigma
Investors V, L.P. and their Affiliates.

"Stock Purchase Agreement" means that certain Common Stock Purchase Agreement,
dated as of March 29, 2007, by and between the Company and BT, as may be amended
from time to time.

"Stockholders" shall mean the Management Stockholders and the Additional
Stockholders, collectively.

"Subsidiary" means any corporation more than 50% of the outstanding voting
securities of which, or any partnership, joint venture, limited liability
company or other entity more than 50% of the total equity interest of which, is
directly or indirectly owned by the Company or any other entity otherwise
controlled by or under common control with the Company.

"Transfer" means any direct or indirect transfer, donation, sale, assignment,
pledge, hypothecation, grant of a security interest in or other disposal or
attempted disposal of all or any portion of a security or of any rights or an
agreement to do any of the foregoing. "Transferred" means the accomplishment of
a Transfer, and "Transferee" means the recipient of a Transfer.

                                    SECTION 2

        RESTRICTIONS ON TRANSFER; RIGHTS OF FIRST REFUSAL; CO-SALE RIGHTS

     2.1 RESTRICTIONS ON TRANSFER. Each Investor and each Stockholder agrees
that he, she or it will not Transfer or agree to transfer all or any portion of
the shares of capital stock or securities convertible into or exchangeable for
shares of capital stock of the Company now owned or hereafter acquired by him,
her or it, except in connection with, and strictly in compliance with the
conditions of, any of the following:

                                        3

<PAGE>

          (A) Transfers effected pursuant to Sections 2.2 and 2.3 hereof, in
each case made strictly in accordance with the procedures set forth therein;

          (B) (i) Transfers by a Management Stockholder to another Management
Stockholder; provided that such transferee Management Stockholder is, at the
time of the Transfer, employed by or acting as a consultant or director of the
Company and is bound by this Agreement or (ii) Transfers by an Investor to its
Affiliates, provided that such Affiliate shall have executed a Joinder Agreement
in substantially the form of Exhibit B attached hereto;

          (C) Transfers by a Stockholder to his or her parents, spouse,
children, or grandchildren or to a trust of which he or she is the settlor and a
trustee for the benefit of the Stockholder or his or her spouse, children, or
grandchildren; provided that the Transferee shall have executed a Joinder
Agreement in substantially the form of Exhibit A attached hereto; and

          (D) Transfers upon the death of such Stockholder to his or her heirs,
executors or administrators or to a trust under his or her will or Transfers
between such Stockholder and his or her guardian or conservator, provided that
the Transferee shall have executed a Joinder Agreement in the form of Exhibit A
attached hereto for Stockholders that are individuals.

          (E) Transfers by an Investor that is a private investment partnership
to a general partner, limited partners, former partners or affiliated funds of
such Investor, provided that the Transferee shall have executed a Joinder
Agreement in substantially the form of Exhibit B.

Any permitted Transferee described in the preceding clauses (b), (c), (d) or (e)
shall be referred to herein as a "Permitted Transferee." Notwithstanding
anything to the contrary in this Agreement or any failure to execute a Joinder
Agreement as contemplated hereby, Permitted Transferees shall take any shares so
Transferred subject to all provisions of this Agreement as if such shares were
still held by the transferor, whether or not they so agree with the transferor
and/or the Company.

Without limitation of the foregoing, (i) in connection with any otherwise
permitted Transfer of shares of capital stock that are restricted shares and are
subject to any stock restriction agreement, any Transferee of any such shares
shall agree in writing to be bound by the terms of any such stock restriction or
similar agreement, including, without limitation, any repurchase or similar
right contained therein, (ii) any Permitted Transferee of a Stockholder shall be
deemed a Stockholder for purposes of this Agreement, any Permitted Transferee of
a Management Stockholder shall be deemed a Management Stockholder for purposes
of this Agreement and any Permitted Transferee of an Investor shall be deemed an
Investor for purposes of this Agreement and (iii) any Transferee of shares
pursuant to Section 2 hereof shall agree to be bound by the provisions of
Section 4 and 4A hereof as a condition to such Transfer.

     2.2 RIGHT OF FIRST REFUSAL. In the event that any Investor or Stockholder
or any of their Permitted Transferees (a "Transferring Stockholder") proposes to
Transfer all or any portion of the shares of capital stock or securities
convertible into or exchangeable for capital stock of the Company held by such
Person, other than in connection with the Company's initial public offering (a
"Proposed Transaction") to a Person other than a Permitted Transferee (a
"Proposed Transferee"), such Investor, Stockholder or Permitted Transferee may,
subject to the

                                        4

<PAGE>

provisions of Section 2.3 hereof, Transfer such shares pursuant to and in
accordance with the following provisions of this Section 2.2:

          (A) OFFER NOTICE. Such Transferring Stockholder shall deliver written
notice (the "Offer Notice") of its desire to consummate the Proposed Transaction
to the Company, with a copy to the Major Stockholders, and shall otherwise
comply with the provisions of this Section 2.2 and, if applicable, Section 2.3.
The Offer Notice shall specify (i) the number of shares and type of securities
of the Transferring Stockholder subject to the Proposed Transaction (the
"Offered Shares"), (ii) the consideration per share to be paid for the Offered
Shares (the "Offer Price"), (iii) the identities of the Proposed Transferees and
(iv) all other material terms and conditions of the Proposed Transaction. In the
event that the price set forth in the Offer Notice is stated in consideration
other than cash or cash equivalents, the Board of Directors of the Company may
determine the fair market value of such consideration, reasonably and in good
faith, and the Company or Major Stockholders may exercise their Rights of First
Refusal (as defined below) by payment of such fair market value in cash or cash
equivalents. The Transferring Stockholder's Offer Notice shall constitute an
irrevocable offer to sell all such shares to the Company and the Major
Stockholders on the basis described below at the Offer Price and on the same
terms as set forth in the Offer Notice.

          (B) COMPANY RIGHT OF FIRST REFUSAL. For a period of fifteen (15)
Business Days after the date of each Offer Notice given pursuant to Section
2.2(a) (each, a "Company Option Period"), the Company shall have the right (the
"Company Right of First Refusal") to purchase any or all of the Offered Shares
at a purchase price equal to the Offer Price and upon the terms and conditions
set forth in the Offer Notice. The right of the Company to purchase any or all
of the Offered Shares under this Section 2.2(b) shall be exercisable by
delivering written notice of the exercise thereof, prior to the expiration of
the Company Option Period, to the Transferring Stockholder, with a copy to each
Major Stockholder, which notice shall state the number of Offered Shares
proposed to be purchased by the Company. The failure of the Company to respond
within the Company Option Period shall be deemed to be a waiver of the Company's
rights under this Section 2.2(b) with respect to such Offer Notice, provided
that the Company may waive its rights under this Section 2.2(b) prior to the
expiration of the Company Option Period by giving written notice to the
Transferring Stockholder, with a copy to each Major Stockholder. The closing for
any purchase of Offered Shares by the Company hereunder shall take place within
fifteen (15) Business Days after the expiration of the Company Option Period.

          (C) MAJOR STOCKHOLDER RIGHT OF FIRST REFUSAL. If the Company does not
elect to purchase all of the Offered Shares pursuant to Section 2.2(b), then for
a period of fifteen (15) Business Days (the "Major Stockholder Option Period")
after the earlier to occur of (a) the expiration of the Company Option Period
pursuant to Section 2.2(b) or (b) the date upon which the Transferring
Shareholder shall have received written notice from the Company of its exercise
of the Company Right of First Refusal pursuant to Section 2.2(b) or its waiver
thereof, each Major Stockholder shall have the right (the "Major Stockholder
Right of First Refusal" and, together with the "Company Right of First Refusal",
the "Rights of First Refusal") to accept the offer to purchase any or all of the
remaining Offered Shares for the Offer Price and on the terms and conditions
specified in the Offer Notice. Each Major Stockholder shall then have the right
to accept the offer to purchase up to that number of remaining Offered Shares as
shall be equal to

                                        5

<PAGE>

the product obtained by multiplying (X) the total number of remaining Offered
Shares (on an as-if converted basis) by (Y) a fraction, the numerator of which
is the total number of shares of Common Stock owned by such Major Stockholder on
the date of the Offer Notice (as determined in accordance with Section 1.2
hereof) and the denominator of which is the total number of shares of Common
Stock then held by all of the Major Stockholders (other than the Transferring
Stockholder) on the date of the Offer Notice (as determined in accordance with
Section 1.2 hereof), subject to increase as hereinafter provided. The number of
shares that each such Major Stockholder is entitled to purchase under this
Section 2.2 shall be referred to as a "ROFR Fraction." In the event any such
Major Stockholder does not wish to purchase its ROFR Fraction, then all other
Major Stockholders who so elect shall have the right to accept the offer to
purchase, on a pro rata basis with all other Major Stockholders who so elect (as
hereinafter provided), any ROFR Fraction not purchased by such Major
Stockholder. Each Major Stockholder shall have the right to accept the Proposed
Transaction by giving notice of such acceptance to the Transferring Stockholder
within the Major Stockholder Option Period, which notice shall indicate the
maximum number of shares subject thereto which such Major Stockholder is willing
to purchase in the event fewer than all the Major Stockholders elect to purchase
their ROFR Fractions. The Transferring Stockholder shall notify the Major
Stockholders promptly following any lapse of any Right of First Refusal without
acceptance thereof or any rejection of any Right of First Refusal.

The closing for any purchase of shares by the Major Stockholders hereunder shall
take place within fifteen (15) Business Days after the expiration of each Major
Stockholder Option Period.

          (D) SALE TO PROPOSED TRANSFEREE. In the event that the Company and/or
the Major Stockholders do not elect to exercise their respective Rights of First
Refusal with respect to all of the Offered Shares, the Transferring Stockholder
may consummate the sale of the remaining Offered Shares to the Proposed
Transferee on the terms and conditions set forth in the Offer Notice, subject to
the provisions of Section 2.3. If the Transferring Stockholder's Transfer to the
Proposed Transferee is not consummated in accordance with the terms of the
Proposed Transaction within the later of (i) ninety (90) days after the
expiration of the later of the Major Stockholder Right of First Refusal and the
Co-Sale Option set forth in Section 2.3, if applicable, and (ii) the
satisfaction of all governmental approval or filing requirements (with the
parties to the Proposed Transaction using diligent efforts to make any such
filings and obtain any such approvals), the Proposed Transaction shall be deemed
to lapse, and any Transfers of shares pursuant to such Proposed Transaction
shall be deemed to be in violation of the provisions of this Agreement unless
the Transferring Stockholder once again complies with the provisions of Section
2.2 and Section 2.3 in connection with such Proposed Transaction.

     2.3 CO-SALE OPTION. In the event that any Stockholder proposes to Transfer
all or any portion of the Offered Shares in a Proposed Transaction, and the
Rights of First Refusal under Section 2.2 above are not exercised with respect
to all of the Offered Shares proposed to be sold, such Stockholder (the "Selling
Stockholder") may Transfer such remaining shares only pursuant to and in
accordance with the following provisions of this Section 2.3:

          (A) Each Investor shall have the right to participate in the Proposed
Transaction on the terms and conditions herein stated (the "Co-Sale Option"),
which right shall be exercisable upon written notice (the "Acceptance Notice")
to the Selling Stockholder within fifteen (15) Business Days after receipt by
Company and the Investors of a written notice ("Co-

                                        6

<PAGE>

Sale Notice") from the Selling Stockholder that the Company and the Major
Stockholders have not elected to exercise their Rights of First Refusal with
respect to such Offered Shares. The Acceptance Notice shall indicate the maximum
number of shares each Investor wishes to sell (including the number of shares it
would sell if one or more Investors do not elect to participate in the sale) on
the terms and conditions stated in the Offer Notice.

          (B) Each such Investor shall have the right to sell a portion of its
shares pursuant to the Proposed Transaction which is equal to or less than the
product obtained by multiplying (i) the total number of Offered Shares (on an
as-if converted basis) to be sold to a Proposed Transferee pursuant to the
Proposed Transaction by (ii) a fraction, (x) the numerator of which is the total
number of shares of Common Stock deemed to be held by such Investor on the date
of the Co-Sale Notice (as determined in accordance with Section 1.2 hereof) and
(y) the denominator of which is the total number of shares of Common Stock held
by the Selling Stockholder plus the total number of shares of Common Stock
deemed to be held by all Investors on the date of the Co-Sale Notice (as
determined in accordance with Section 1.2 hereof). To the extent one or more
Investors elect not to exercise their Co-Sale Option, then the rights of the
other Investors (who exercise their Co-Sale Option) to sell shares shall be
increased proportionately based on their relative holdings by the full amount of
shares which the non-electing Investors were entitled to sell pursuant to this
Section 2.3 (it being understood that no Investor shall be entitled to sell any
shares of Preferred Stock pursuant to this Section 2.3, but shall be permitted
to convert its applicable portion of such Preferred Stock for shares of Common
Stock concurrently with, and subject to, the consummation of the Proposed
Transaction).

          (C) Within fifteen (15) Business Days after the date by which the
Investors were required to notify the Selling Stockholder of their intent to
exercise the Co-Sale Option, the Selling Stockholder shall notify each
participating Investor of the number of shares held by such Investor that will
be included in the sale and the date on which the Proposed Transaction will be
consummated, which shall be no later than the later of (i) thirty (30) days
after the date by which the Investors were required to notify the Selling
Stockholder of their intent to exercise the Co-Sale Option and (ii) the
satisfaction of governmental approval or filing requirements, if any (with the
parties to the Proposed Transaction using diligent efforts to make any such
filings and obtain any such approvals).

          (D) Any Investor may effect its participation in any Proposed
Transaction hereunder by delivery to the Proposed Transferee, or to the Selling
Stockholder for delivery to the Proposed Transferee, of one or more instruments
or certificates, properly endorsed for Transfer, representing the shares it
elects to sell therein, and shall participate in such Proposed Transaction on
the same terms and conditions as set forth in the Offer Notice including the
granting of all indemnifications (including participating in any escrow
arrangements and purchase price adjustments to the extent of their respective
pro rata share of the proceeds from such Transfer) to the Proposed Transferee;
provided, however that the Investors shall not be required to make
representations and warranties or indemnify any party other than with respect to
their ownership of, and their ability to Transfer, such shares. At the time of
consummation of the Proposed Transaction, the Proposed Transferee shall remit
directly to each such Investor that portion of the sale proceeds to which such
Investor is entitled by reason of its participation therein.

                                        7

<PAGE>

          (E) Promptly after such sale, the Selling Stockholder shall notify
each participating Investor of the consummation thereof and shall furnish such
evidence of the completion and time of completion of such sale and of the terms
thereof as may reasonably be requested by any such Investor. In the event that
the Proposed Transaction is not consummated within the period required by
subparagraph (c) hereof or the Proposed Transferee fails timely to remit to each
such Investor its portion of the sale proceeds, the Proposed Transaction shall
be deemed to lapse, and any Transfers of shares pursuant to such Proposed
Transaction shall be deemed to be in violation of the provisions of this
Agreement unless the Selling Stockholder once again complies with the provisions
of Sections 2.2 and 2.3 hereof with respect to such Proposed Transaction.

          (F) Notwithstanding the forgoing, any Proposed Transaction that
qualifies as an Extraordinary Transaction (as such term is defined in the
Company's Third Amended and Restated Certificate of Incorporation, as may be
amended from time to time) shall be governed by the terms and conditions as set
forth therein and the provision of this Section 2.3 shall not apply thereto.

     2.4 PROHIBITED TRANSFERS. If any Transfer is made or attempted contrary to
the provisions of this Agreement, such purported Transfer shall be void ab
initio; the Company, the Investors and the Stockholders shall have, in addition
to any other legal or equitable remedies which they may have, the right to
enforce the provisions of this Agreement by actions for specific performance (to
the extent permitted by law); and the Company shall have the right to refuse to
recognize any Transferee as one of its stockholders for any purpose.

     2.5 ASSIGNMENT OF RIGHTS. The Major Stockholders shall have the right to
assign their rights under this Section 2 to a Transferee who receives an
aggregate of at least 100,000 shares of Common Stock or Preferred Stock,
provided that such Transferee must consent in writing to be bound by the terms
and conditions of this Section 2 to acquire the rights granted hereunder.

                                    SECTION 3

                               RIGHTS TO PURCHASE

     3.1 RIGHT TO PARTICIPATE IN CERTAIN SALES OF ADDITIONAL SECURITIES.

          (A) The Company agrees that it will not sell or issue any shares of
capital stock of the Company, or other securities convertible into or
exchangeable for capital stock of the Company, or options, warrants or rights
carrying any rights to purchase capital stock of the Company (the "Offered
Securities") unless the Company first submits written notice (the "Preemptive
Rights Notice") to the Qualified Investors identifying the terms of the proposed
sale (including price, number or aggregate principal amount of securities and
all other material terms), and offers to the Qualified Investors the opportunity
to purchase their respective Pro Rata Allotment (as hereinafter defined) of the
Offered Securities on terms and conditions, including price, not less favorable
than those on which the Company proposes to sell such securities to a third
party or parties. The Company's offer to the Qualified Investors shall remain
open and irrevocable for a period of fifteen (15) Business Days during which
time the Qualified Investors

                                        8

<PAGE>

may accept such offer by written notice to the Company setting forth the maximum
number of shares or other securities to be purchased by the Qualified Investors.
Any securities so offered which are not purchased by the Qualified Investors
pursuant to such offer may be sold by the Company, but only on the terms and
conditions set forth in the initial offer to the Qualified Investors, at any
time within 90 days following the termination of the above-referenced 15-day
period. For purposes of this Section 3.1, the Qualified Investors' "Pro Rata
Allotment" of securities shall be based on the ratio which the shares of Common
Stock held by the Qualified Investors (as determined in accordance with Section
1.2 hereof) bears to the total number of shares of Common Stock outstanding on
the date of the Preemptive Rights Notice (and determined on an as converted
basis).

          (B) Notwithstanding the foregoing, the rights to purchase set forth in
Section 3.1(a) above shall be inapplicable with respect to any issuance or
proposed issuance by the Company of (i) up to 11,770,000 shares of Common Stock
(as appropriately adjusted for stock splits, stock dividends, recapitalizations
and the like) issued (pursuant to the exercise of options or otherwise) to the
Company's employees, directors and consultants pursuant to employee stock and
option plans approved by the Company's Board of Directors, (ii) any additional
shares of Common Stock issued (pursuant to the exercise of options or otherwise)
to the Company's employees, directors, and consultants, provided that each such
issuance is unanimously approved by the Board of Directors, (iii) any Common
Stock which may be issued upon conversion of the Preferred Stock, (iv) shares
issued for consideration other than cash in connection with a merger,
consolidation, acquisition, or similar business combination approved by the
Board of Directors, including the Investor Representatives (as defined in
Section 4.1(a)), (v) shares of Common Stock issued (pursuant to the exercise of
warrants or otherwise) in connection with any capital lease arrangements or debt
financing from a bank or similar financial institution, provided that the
transaction is approved by the Board of Directors, including the Investor
Representatives, and that the primary purpose of such transaction is other than
equity financing, (vi) any shares of Common Stock issued (pursuant to the
exercise of warrants or otherwise) in connection with any strategic equity
investment in the Company by any customers of the Company, joint ventures,
marketing or distribution arrangements provided that such strategic transactions
and the issuance of such Common Stock has been approved by a majority of the
Board of Directors, including the Investor Representatives, (vii) any Common
Stock issued or issuable by reason of a stock split, stock dividend or other
distribution shares of Common Stock, (viii) any shares of Common Stock issued by
the Company in its initial public offering, and (ix) securities issued upon
conversion or exercise of convertible or exercisable securities previously
issued in compliance with this Section 3. For the avoidance of doubt, the
issuance of shares of Common Stock to BT pursuant to the Stock Purchase
Agreement shall be deemed an issuance of shares of Common Stock by the Company
to which Section 3.1(a) above shall be inapplicable.

                                    SECTION 4

                              ELECTION OF DIRECTORS

     4.1 BOARD COMPOSITION.

          (A) Each Investor and each Stockholder agrees to vote all of his, her
or its shares of the Company's capital stock now owned or hereafter acquired
having voting power

                                        9

<PAGE>

(and any other shares over which he, she or it exercises voting control) in
connection with the election of directors of the Company and to take such other
actions as are necessary so as to fix the number of members of the Board of
Directors at a maximum of ten (10) and to elect and continue in office as a
director:

               (I) one (1) individual representing the holders of Series A
Preferred Stock, so long as at least twenty-five percent (25%) of the shares of
Series A Preferred Stock purchased pursuant to the Series A Purchase Agreement
remain outstanding, who shall be nominated by Sigma and who shall initially be
Robert Davoli (the "Sigma Representative");

               (II) two (2) individuals representing the holders of Series B
Preferred Stock, so long as at least twenty-five percent (25%) of the shares of
Series B Preferred Stock purchased pursuant to the Series B Purchase Agreement
remain outstanding, one of whom shall be nominated by Globespan and one of whom
shall be nominated by CRP and who shall initially be Andrew Goldfarb and Izhar
Armony (the "Series B Representatives" and, together with the Sigma
Representative, the "Investor Representatives");

               (III) two (2) individuals nominated by a majority-in-interest of
the Stockholders so long as either at least five percent (5%) of the Company's
capital stock (calculated on a fully diluted basis) is held by Kris Canekeratne
and his Permitted Transferees or Mr. Canekeratne is employed by the Company, who
shall initially be Kris Canekeratne and Danford Smith (the "Stockholder
Representatives"); and

               (IV) as to any remaining directors, individuals who shall be
outside industry representatives not affiliated with the Company or any
Investor, who shall qualify as independent directors under all relevant public
company standards and who shall be approved by a majority of the directors of
the Company (the "Outside Directors").

          (B) Each Investor and each Stockholder agrees to vote all of his, her
or its shares of the Company's capital stock now owned or hereafter acquired
having voting power (and any other shares over which he, she or it exercises
voting control) for the (x) removal of (i) the Sigma Representative upon the
request of Sigma, (ii) one or both of the Series B Representatives upon the
request of Globespan and/or CRP, or (iii) a Stockholder Representative upon the
request of a majority-in-interest of the Stockholders, and (y) for the election
to the Board of Directors of the Company of a substitute nominated by Sigma,
Globespan and CRP, or a majority-in-interest of the Stockholders in accordance
with the above provisions. Each Investor and each Stockholder further agrees to
vote all of his, her or its shares of the Company's capital stock now owned or
hereafter acquired having voting power (and any other shares over which he, she
or it exercises voting control) in such manner as shall be necessary or
appropriate to ensure that any vacancy on the Board of Directors of the Company
occurring for any reason shall be filled only in accordance with the provisions
of this Section 4.

          (C) The Company shall pay each Director for his or her reasonable
travel and other reasonable expenses incurred in connection with attending
meetings of the Board of Directors or otherwise in connection with his or her
services as a member of the Board of Directors, including attending meetings of
any committees of the Board of Directors. The Certificate of Incorporation and
By-laws of the Company will provide for exculpation and

                                       10

<PAGE>

indemnification of the Directors and limitations on the liability of the
Directors to the fullest extent permitted under applicable state law.

     4.2 Focus shall be entitled to designate one individual to attend and
observe any regular or special meeting of the Board of Directors and shall be
entitled to receive all information distributed to the Board of Directors at the
time of the original distribution of such information; provided, however, that
such representative shall agree to hold in confidence and trust and to act in a
fiduciary manner with respect to all information so provided; and provided
further, that the Company reserves the right to withhold any information and to
exclude such representative from any meeting or portion thereof if access to
such information or attendance at such meeting could affect the attorney-client
privilege between the Company and its counsel or would result in disclosure of
trade secrets to such representative. Notwithstanding the foregoing, the right
to appoint an observer to attend meetings of the Board of Directors pursuant to
this Section 4.2 shall terminate on the date that Focus owns less than Five
Hundred Thousand (500,000) shares of the Series D Preferred Stock it originally
purchased pursuant to the Series D Purchase Agreement.

                                   SECTION 4A

                          "MARKET STAND-OFF" AGREEMENT.

     In connection with the initial public offering by the Company of its Common
Stock each Stockholder and Investor (including any Permitted Transferee) if
requested in good faith by the Company and the managing underwriter of the
Company's securities, hereby agrees not to, directly or indirectly, offer, sell,
pledge, contract to sell (including any short sale), grant any option to
purchase or otherwise dispose of any securities of the Company held by them
(except for any securities sold pursuant to such registration statement) or
enter into any Hedging Transaction (as defined below) relating to any securities
of the Company for a period not to exceed 180 days following the effective date
of the registration statement for such initial public offering unless the
managing underwriter agrees to a shorter period; provided, that the Investor's
obligations under this Section 4A shall be conditioned upon (i) all officers,
directors and holders of one percent (1%) or more of the outstanding capital
stock of the Company (on an as-if converted basis based on the number of shares
outstanding before the offering) entering into similar agreements with the
Company and such managing underwriter and (ii) such agreements provide that any
early release of the restrictions on the transfer of shares held by a
stockholder shall require a similar pro-rata release of shares held by all other
stockholders subject to such agreements. For purposes of this Section 4A,
"Hedging Transaction" means any short sale (whether or not against the box) or
any purchase, sale or grant of any right (including without limitation, any put
or call option) with respect to any security (other than a broad-based market
basket or index) that includes, relates to or derives any significant part of
its value from the Company's Common Stock. The Company will use commercially
reasonable efforts to ensure that the lock-up agreement provides for periodic
early releases of portions of the securities subject thereto, which may be
conditioned upon the trading price of the Company's Common Stock.

                                       11

<PAGE>

                                    SECTION 5

                                     GENERAL

     5.1 AMENDMENTS, WAIVERS AND CONSENTS. For the purposes of this Agreement
and all agreements executed pursuant hereto, no course of dealing between or
among any of the parties hereto and no delay on the part of any party hereto in
exercising any rights hereunder or thereunder shall operate as a waiver of the
rights hereof and thereof. This Agreement may not be amended or modified or any
provision hereof waived without the joint written consent of the Company, a
majority-in-interest of the Stockholders, and a majority-in-interest of the
Investors; provided, that (i) any party may waive any provision hereof intended
for its benefit by written consent; (ii) except as set forth in clauses (iii)
and (iv) below, the provisions of Section 3 and Section 4 hereof may be amended,
modified or waived by the written consent of a majority-in-interest of the
Investors and the Company; (iii) Section 4.1(a)(i) hereof may be amended,
modified or waived only by the written consent of Sigma and the Company; (iv)
Section 4.1(a)(ii) hereof may be amended, modified or waived only by the written
consent of Globespan and the Company; and (v) any amendment to this Agreement
which does not affect a party in the same fashion as the other parties hereto
shall require the consent of such affected party.

     5.2 CONSENT AND WAIVER OF HOLDERS OF SERIES A PREFERRED STOCK. The
undersigned, representing a majority-in-interest of the holders of Series A
Preferred Stock hereby agree and acknowledge that the covenants set forth in
Section 5.3 of this Agreement are in substitution for, and not in addition to,
those provisions of Section 5 of the Series A Purchase Agreement and that the
provisions of Section 5 of the Series A Stock Purchase Agreement shall be of no
further force and effect.

     5.3 COVENANTS OF THE COMPANY. The Company (which term shall be deemed to
include, for purposes of this Section 5.3, all Subsidiaries of the Company,
including any Subsidiary of the Company formed after the date of this Agreement)
agrees with the Investors that it shall comply with the following covenants
except as shall otherwise be expressly agreed pursuant to a written consent of
the holders of at least a majority of the outstanding shares of Preferred Stock,
voting together as a single class:

          (A) FINANCIAL STATEMENTS. The Company shall maintain a system of
accounts from which financial statements prepared in accordance with generally
accepted accounting principals consistently applied can be derived, keep full
and complete financial records and furnish to each Investor which, (together
with its Affiliates) holds at least 500,000 shares of the Preferred Stock (or
Conversion Shares) (subject to appropriate adjustment to reflect stock splits,
stock dividends, reorganizations and other capitalization changes effected after
the date hereof) the following reports: (v) within 90 days after the end of each
fiscal year, a copy of the consolidated balance sheet of the Company as at the
end of such year, together with consolidated statements of income and cash flow
of the Company for such year, audited by an independent public accounting firm
selected by the Board of Directors, each of the foregoing balance sheets and
statements of income and cash flow to set forth in comparative form the
corresponding figures for the prior fiscal period; (w) within 45 days after the
end of each quarterly accounting period, an unaudited consolidated balance sheet
of the Company as at the end of such quarter and an unaudited consolidated
statement of income and cash flow for the Company for such quarterly

                                       12

<PAGE>

period and for the year to date, including the corresponding figures for the
prior fiscal periods in comparative form, and accompanied with a certificate of
the Chief Executive Officer, Vice President of Finance or the Chief Financial
Officer or similar officer of the Company, on behalf of the Company, stating
that nothing has come to the attention of management of the Company which would
indicate that such financial statements were not true and correct in all
material respects as of the date thereof; (x) within 30 days after the end of
each month, unaudited consolidated statements of income and cash flow of the
Company for such month and an unaudited consolidated balance sheet of the
Company as of the end of such month; (y) an annual operating budget and plan for
each fiscal year no later than January 30 of such fiscal year; and (z) such
other information as may reasonably be requested by such Investor.

          (B) CONDUCT OF BUSINESS. The Company will engage principally in the
business now conducted by the Company or a business or businesses similar
thereto. The Company will use its reasonable best efforts to keep in full force
and effect its corporate existence and all intellectual property rights owned by
it and useful in its business (except such rights as the Company has reasonably
determined are not material to the Company's continuing operations).

          (C) PAYMENT OF TAXES. The Company shall pay and discharge all lawful
taxes, assessments and governmental charges or levies imposed upon it or its
property before the same shall become in default, provided, however, that the
Company shall not be required to pay and discharge any such tax, assessment,
charge, levy or claim so long as the validity thereof is being contested by it
in good faith by appropriate proceedings and an adequate reserve therefor has
been established.

          (D) COMPLIANCE WITH LAWS. The Company shall comply with all applicable
statutes, ordinances, orders, rules, regulations, policies and practices
promulgated by any federal, state, municipal or other governmental authority
which apply to the conduct of its business, except where the failure to so
comply would not have a Material Adverse Effect. The Company and its employees
and directors shall hold all permits as may be necessary to conduct the business
of the Company in substantially the manner conducted by the Company as of the
date of this Agreement, except where the failure to hold such permits would not
have a Material Adverse Effect.

          (E) ADVERSE CHANGES. To the extent not disclosed in the financial
statements to be provided under Section 5.3(a), the Company will promptly advise
the Investors of any event which represents a material adverse change in the
condition or business, financial or otherwise, of the Company, and of each suit
or proceeding commenced or, to the Company's knowledge, threatened against the
Company which, if adversely determined, could result in a Material Adverse
Effect.

          (F) INSURANCE. The Company will keep its insurable properties insured,
upon reasonable business terms, against liability and the perils of casualty,
fire, business interruption, and extended coverage in commercially reasonable
amounts of coverage to the extent customarily maintained by companies in the
same or similar business, and of similar size, as the Company. The Company will
also maintain with such insurers insurance against other hazards and risks and
liability to persons and property in commercially reasonable amounts and to the

                                       13

<PAGE>

extent and in the manner customary for companies engaged in the same or similar
business and of similar size, including errors and omissions liability
insurance.

          (G) AFFILIATED TRANSACTIONS. Except for ordinary employee
compensation, all transactions by and between (i) the Company and any officer,
employee, director or stockholder (including any trustee or beneficiary of any
trust which is a stockholder) of the Company, or any member of such officer's,
employee's, director's or stockholder's immediate family, or persons
controlling, controlled by, under common control with or otherwise affiliated
with such officer, employee, director or stockholder or his or her immediate
family and (ii) any officer, employee, director or stockholder (including any
trustee or beneficiary of any trust which is a stockholder) of the Company, or
any member of such officer's, employee's, director's or stockholder's immediate
family, or persons controlling, controlled by, under common control with or
otherwise affiliated with such officer, employee, director or stockholder or his
or her immediate family, and any competitors, customers, distributors or
suppliers of the Company shall be conducted on an arm's-length basis, shall be
on terms and conditions no less favorable to the Company than could be obtained
from non-related persons and shall require the approval in advance by the
majority of the disinterested members of the Board of Directors after full
disclosure of the terms thereof.

          (H) MANAGEMENT COMPENSATION. Compensation paid by the Company to its
officers shall be determined by the Compensation Committee of the Board of
Directors which committee shall include a Stockholder Representative, the
Investor Representatives and an Outside Director.

          (I) STOCK OPTIONS; RESTRICTED STOCK. All future grants of stock
options or restricted stock to employees or consultants shall be subject to the
Company's standard vesting schedule as set forth on Schedule 2.4 to the Series D
Purchase Agreement, unless otherwise approved by the Compensation Committee of
the Board of Directors.

          (J) EMPLOYEE NON-COMPETITION, NON-DISCLOSURE, NON-SOLICITATION AND
DEVELOPMENT AGREEMENTS. The Company shall obtain from all employees and
consultants duly executed Non-Competition, Non-Disclosure, Non-Solicitation and
Development Agreements in substantially the form previously provided to the
Investors (as amended, with respect to the Company's employees at the level of
Vice President or above, to include non-competition provisions).

     5.4 LEGEND ON SECURITIES. The Company, each of the Investors and each of
the Stockholders acknowledge and agree that substantially the following legend
shall be typed on each certificate evidencing any of the securities held at any
time by an Investor or a Stockholder:

     THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO THE PROVISIONS OF A
     RESTATED FOURTH AMENDED AND RESTATED STOCKHOLDERS AGREEMENT DATED AS OF
     MARCH 29, 2007 (AS MAY BE AMENDED FROM TIME TO TIME), INCLUDING THEREIN
     CERTAIN RESTRICTIONS ON TRANSFER. A COMPLETE AND CORRECT COPY OF SUCH
     AGREEMENT IS AVAILABLE FOR INSPECTION AT THE PRINCIPAL OFFICE OF THE
     COMPANY

                                       14

<PAGE>

     AND WILL BE FURNISHED UPON WRITTEN REQUEST AND WITHOUT CHARGE.

     5.5 NOTICES AND DEMANDS. Any notice or demand which, by any provision of
this Agreement or any agreement, document or instrument executed pursuant hereto
or thereto, except as otherwise provided therein, is required or provided to be
given shall be deemed to have been sufficiently given and received for all
purposes when delivered by hand, telecopy, telex or other method of facsimile or
five (5) Business Days after being sent by certified or registered mail, postage
and charges prepaid, return receipt requested, or two (2) Business Day after
being sent by overnight delivery providing receipt of delivery, to:

          (A) if to the Company, Virtusa Corporation, 2000 West Park Drive,
Westborough, MA 01581, Attn: President, or at such other address designated by
the Company to the Investors in writing with a copy to John J. Egan III, P.C.,
Goodwin Procter LLP, Exchange Place, Boston, MA 02109.

          (B) if to the Investors, at the mailing addresses as shown on the
signature pages attached hereto, or at such other address designated by an
Investor to the Company in writing, and, (i) if to Sigma or Focus, with a copy
to Mark P. Tanoury, Esq., Cooley Godward LLP, Five Palo Alto Square, 3000 El
Camino Real, Palo Alto, CA 94306-2155, and (ii) if to Globespan, with a copy to
William J. Schnoor, Jr., Esq., Goodwin Procter, LLP, Exchange Place, Boston, MA
02109, and (iii) if to BT, with a copy to Toby S. Myerson, Esq., Paul, Weiss,
Rifkind, Wharton & Garrison LLP, 1285 Avenue of the Americas, New York, New York
10019.

          (C) if to a Stockholder, at the last mailing addresses designated by
such Stockholder to the Company in writing.

     5.6 INDEMNIFICATION.

          (A) BOARD OF DIRECTORS. The Company shall indemnify, to the fullest
extent permitted by the General Corporation Law of the State of Delaware any
person who was or is a party or is threatened to be made a party to or is
otherwise involved in any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative, investigative or otherwise,
and whether by or in the right of the corporation, its stockholders, a third
party or otherwise (a "Proceeding"), by reason of the fact that he is or was a
Director of the Company, against all expense (including, but not limited to,
attorneys' fees), liability, loss, judgments, fines, excise taxes, penalties and
amounts paid in settlement actually and reasonably incurred by him in connection
with such Proceeding, including expenses incurred in seeking such
indemnification. However, such indemnification shall exclude indemnification
with respect to any improper personal benefit which a Director is determined to
have received and of the expenses of defending against an improper personal
benefit claim unless the Director is successful on the merits in said defense.

          (B) VICARIOUS LIABILITY. The Company agrees to defend, indemnify and
hold each Investor (the "Indemnified Parties" and each individually, an
"Indemnified Party") harmless from and against any and all losses, claims,
damages, and other costs and expenses which may be sustained or suffered by any
such Indemnified Party, in their capacity as or as a result of any action taken
or omitted to be taken by them as a director, stockholder, representative or

                                       15

<PAGE>

controlling person of the Company based upon, arising out of, by reason of or
otherwise in respect of or in connection with third party or governmental claims
under the Securities Act, the Exchange Act or other federal or state statutory
law or regulation, at common law or otherwise ("Laws"), including, without
limitation, any third party or governmental claim alleging so-called control
person liability or securities law liability; provided, however, that the
Company will not be liable to the extent that such loss, claim, damage, expense
or liability arises from and is based on (A) an untrue statement or omission or
alleged untrue statement or omission in a registration statement or prospectus
which is made in reliance on and in conformity with written information
furnished to the Company in an instrument duly executed by or on behalf of such
Indemnified Party specifically stating that it is for use in the preparation
thereof, (B) a knowing and willful violation of any Law or Laws by an
Indemnified Party, as determined by a court of competent jurisdiction or (C) a
fraudulent act or omission by the Indemnified Party as determined by a court of
competent jurisdiction.

     5.7 SEVERABILITY. Whenever possible, each provision of this Agreement shall
be interpreted in such a manner as to be effective and valid under applicable
law, but if any provision of this Agreement shall be deemed prohibited or
invalid under such applicable law, such provision shall be ineffective to the
extent of such prohibition or invalidity, and such prohibition or invalidity
shall not invalidate the remainder of such provision or the other provisions of
this Agreement.

     5.8 COUNTERPARTS. This Agreement and any Exhibit or Schedule hereto may be
executed in multiple counterparts, each of which shall constitute an original
but all of which shall constitute but one and the same instrument. One or more
counterparts of this Agreement or any Exhibit or Schedule hereto may be
delivered via telecopier, with the intention that they shall have the same
effect as an original counterpart hereof.

     5.9 EFFECT OF HEADING. The Section headings herein are for convenience only
and shall not affect the construction hereof.

     5.10 GOVERNING LAW. This agreement shall be deemed a contract made under
the laws of the State of Delaware and together with the rights and obligations
of the parties hereunder, shall be construed under and governed by the laws of
the State of Delaware, without giving effect to its conflicts of laws
principles.

     5.11 JURISDICTION; WAIVER OF JURY TRIAL. EACH PARTY TO THIS AGREEMENT
HEREBY IRREVOCABLY AGREES THAT ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY AGREEMENTS OR TRANSACTIONS CONTEMPLATED HEREBY
MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES OF
AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK AND HEREBY EXPRESSLY SUBMITS TO
THE PERSONAL JURISDICTION AND VENUE OF SUCH COURTS FOR THE PURPOSES THEREOF AND
EXPRESSLY WAIVES ANY CLAIM OF IMPROPER VENUE AND ANY CLAIM THAT SUCH COURTS ARE
AN INCONVENIENT FORUM. EACH PARTY HEREBY IRREVOCABLY CONSENTS TO THE SERVICE OF
PROCESS OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH SUIT, ACTION OR
PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED

                                       16

<PAGE>

OR CERTIFIED MAIL, POSTAGE PREPAID, IN ACCORDANCE WITH, AND TO THE ADDRESSES SET
FORTH ON THE SIGNATURE PAGE HERETO, SUCH SERVICE TO BECOME EFFECTIVE TEN (10)
DAYS AFTER SUCH MAILING. EACH PARTY TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES
TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING, WHETHER AT LAW OR EQUITY,
BROUGHT BY ANY OF THEM IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

     5.12 INTEGRATION. This Agreement, including the exhibits, documents and
instruments referred to herein or therein, constitutes the entire agreement, and
supersedes all other prior agreements and understandings, both written and oral,
among the parties with respect to the subject matter hereof. The Company and the
parties hereto that are parties to the Original Agreement hereby agree that this
Agreement replaces and supercedes the Original Agreement in its entirety and
that the Original Agreement is hereafter null and void.

     5.13 ADJUSTMENT. All references to share amounts and prices herein shall be
equitably adjusted to reflect any stock split, combination, reorganization,
recapitalization, reclassification, stock distribution, stock dividend or
similar event affecting the capital stock of the Company.

     5.14 TERM. This Agreement shall terminate immediately prior to the closing
by the Company of a Qualified Public Offering.

                            [SIGNATURE PAGES FOLLOW]

                                       17

<PAGE>

     IN WITNESS WHEREOF, the parties have executed this Fifth Amended and
Restated Stockholders Agreement as of the date first above written.

                                        COMPANY:

                                        VIRTUSA CORPORATION

                                        By: /s/ Krishan Cankeratne
                                            ------------------------------------
                                        Name: Krishan Canekeratne
                                        Title: Chairman and Chief Executive
                                               Officer

                                        Address:

                                        2000 West Park Drive
                                        Westborough, MA 01581

<PAGE>

                                        INVESTORS:

                                        SIGMA PARTNERS V, L.P.

                                        By: Sigma Management V, L.L.C.
                                        Its: General Partner

                                        By: /s/ Robert E. Davoli
                                            ------------------------------------
                                        Name: Robert E. Davoli
                                        Title: Managing Director

                                        Address:
                                           1600 El Camino Real, Suite 280
                                           Menlo Park, CA 94025

                                        SIGMA ASSOCIATES V, L.P.

                                        By: Sigma Management V, L.L.C.
                                        Its: General Partner

                                        By: /s/ Robert E. Davoli
                                            ------------------------------------
                                        Name: Robert E. Davoli
                                        Title: Managing Director

                                        Address:
                                           1600 El Camino Real, Suite 280
                                           Menlo Park, CA 94025

                                        SIGMA INVESTORS V, L.P.

                                        By: Sigma Management V, L.L.C.
                                        Its: General Partner

                                        By: /s/ Robert E. Davoli
                                            ------------------------------------
                                        Name: Robert E. Davoli
                                        Title: Managing Director

                                        Address:
                                           1600 El Camino Real, Suite 280
                                           Menlo Park, CA 94025

<PAGE>

                                        JAFCO AMERICA TECHNOLOGY FUND III, L.P.
                                        JAFCO AMERICA TECHNOLOGY CAYMAN FUND
                                        III, L.P.
                                        JAFCO USIT FUND III, L.P.
                                        JAFCO AMERICA TECHNOLOGY AFFILIATES
                                        FUND III, L.P.

                                        /s/ Andrew Goldfarb
                                        ----------------------------------------
                                        By: Andrew Goldfarb
                                        Title: Managing Member
                                               JAV Management Associates III,
                                               L.L.C.
                                               Its General Partner
                                               One Boston Place, Suite 2810
                                               Boston, MA 02108

<PAGE>

                                        CHARLES RIVER PARTNERSHIP XI, LP

                                        By: Charles River XI GP LP
                                            Its General Partner

                                        By: Charles River XI GP, LLC
                                            Its General Partner

                                        By: /s/ Izhar Armony
                                            ------------------------------------
                                            Authorized Manager

                                        Address: 1000 Winter Street, Suite 3300
                                                 Waltham, MA 02451

                                        CHARLES RIVER FRIENDS XI-A, LP

                                        By: Charles River XI GP, LLC
                                            Its General Partner

                                        By: /s/ Izhar Armony
                                            ------------------------------------
                                            Authorized Manager

                                        Address: 1000 Winter Street, Suite 3300
                                                 Waltham, MA 02451

                                        CHARLES RIVER FRIENDS XI-B, LP

                                        By: Charles River XI GP, LLC
                                            Its General Partner

                                        By: /s/ Izhar Armony
                                            ------------------------------------
                                            Authorized Manager

                                        Address: 1000 Winter Street, Suite 3300
                                                 Waltham, MA 02451

<PAGE>

                                        THE STORAGENETWORKS LIQUIDATING TRUST

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        BT AMERICAS INC.

                                        By: /s/ Kristen Verderane
                                            ------------------------------------
                                        Name: Kristen Verderane
                                        Title: Secretary & Chief Counsel

                                        BBCP 104 LLC

                                        By: Back Bay Venture 104 Nominee Trust

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        ----------------------------------------
                                        Jim Blaschke

                                        ----------------------------------------
                                        Jeff Casale

                                        ----------------------------------------
                                        Romani DeSilva

                                        ----------------------------------------
                                        Mike Daunais

                                        /s/ Robert Davoli
                                        ----------------------------------------
                                        Robert Davoli

                                        ----------------------------------------
                                        Naren Durgampudi

                                        ----------------------------------------
                                        William O. Flannery

                                        ----------------------------------------
                                        Steven Levitt

<PAGE>

                                        ----------------------------------------
                                        James Matteson

                                        MWE INVESTORS

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        ----------------------------------------
                                        Paul Ratnayake

                                        ----------------------------------------
                                        Glenn Snyder

                                        ----------------------------------------
                                        John E. Steinkrauss

                                        ----------------------------------------
                                        Ashokh Suppiah

<PAGE>

                                        WASHINGTON MALL PARTNERS

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        ----------------------------------------
                                        Thilan Wijesinghe

                                        ----------------------------------------
                                        Allyn C. Woodward, Jr.

                                        FOCUS VENTURES II, L.P.

                                        By: /s/ Kevin J. McQuillan
                                            ------------------------------------
                                        Name: Kevin J. McQuillan
                                        Title: General Partner

                                        Address:
                                           525 University Avenue
                                           Suite 1400
                                           Palo Alto, CA 94301

                                        FOCUS VENTURES II QP, L.P.

                                        By: /s/ Kevin J. McQuillan
                                            ------------------------------------
                                        Name: Kevin J. McQuillan
                                        Title: General Partner

                                        Address:
                                           525 University Avenue
                                           Suite 1400
                                           Palo Alto, CA 94301

<PAGE>

                                        FOCUS VENTURES II A, L.P.

                                        By: /s/ Kevin J. McQuillan
                                            ------------------------------------
                                        Name: Kevin J. McQuillan
                                        Title: General Partner

                                        Address:
                                           525 University Avenue
                                           Suite 1400
                                           Palo Alto, CA 94301

                                        /s/ Rowland Moriarty
                                        ----------------------------------------
                                        Rowland Moriarty

                                        Martin Trust 2006 GRAT

                                        By: /s/ Robert J. Wade
                                            ------------------------------------
                                        Name: Robert J. Wade
                                        Title: Trustee

                                        TNR Partnership

                                        By: /s/ Jane A. Maheu
                                            ------------------------------------
                                        Name: Jane A. Maheu
                                        Title: General Partner

<PAGE>

                                        MANAGEMENT STOCKHOLDERS:

                                        /s/ Krishan Canekeratne
                                        ----------------------------------------
                                        Krishan A. Canekeratne

                                        Address:
                                           c/o Virtusa Corporation
                                           2000 West Park Drive
                                           Westborough, MA 01581

                                        /s/ Tushara Canekeratne
                                        ----------------------------------------
                                        Tushara Canekeratne

                                        Address:
                                           c/o Virtusa Corporation
                                           2000 West Park Drive
                                           Westborough, MA 01581

                                        /s/ Ranjan Canekeratne
                                        ----------------------------------------
                                        Ranjan Canekeratne

                                        Address:
                                           c/o Virtusa Corporation
                                           2000 West Park Drive
                                           Westborough, MA 01581

                                        /s/ Shireen Canekeratne
                                        ----------------------------------------
                                        Shireen Canekeratne

                                        Address:
                                           c/o Virtusa Corporation
                                           2000 West Park Drive
                                           Westborough, MA 01581

<PAGE>

                                        /s/ John L. Gillis
                                        ----------------------------------------
                                        John L. Gillis

                                        Address:
                                           c/o Virtusa Corporation
                                           2000 West Park Drive
                                           Westborough, MA 01581

                                        /s/ Sandra L. Gillis
                                        ----------------------------------------
                                        Sandra L. Gillis

                                        Address:
                                           c/o Virtusa Corporation
                                           2000 West Park Drive
                                           Westborough, MA 01581

<PAGE>

                                        STOCKHOLDERS:

                                        By:
                                            ------------------------------------
                                            Romani DeSilva

                                        By:
                                            ------------------------------------
                                            Kumar DeSilva

                                        By:
                                            ------------------------------------
                                            Hiran DeSilva

                                        By:
                                            ------------------------------------
                                            Sonali DeSilva

                                        By:
                                            ------------------------------------
                                            Paul Ratnayake

<PAGE>

                                    EXHIBIT A

                      FORM OF STOCKHOLDER JOINDER AGREEMENT

     The undersigned hereby agrees, effective as of the date hereof, to become a
party to that certain Fifth Amended and Restated Stockholders Agreement (the
"Agreement") dated as of March 29, 2007 by and among Virtusa Corporation and the
other parties named therein and shall be deemed a "Stockholder" for all purposes
thereof. The address and facsimile number to which notices may be sent to the
undersigned is as follows:

________________________________________________________________________________

Facsimile No. _______________.

                                        ----------------------------------------
                                        Name:
                                              ----------------------------------

                                        2

<PAGE>

                                    EXHIBIT B

                       FORM OF INVESTOR JOINDER AGREEMENT

     The undersigned hereby agrees, effective as of the date hereof, to become a
party to that certain Fifth Amended and Restated Stockholders Agreement (the
"Agreement") dated as of March 29, 2007 by and among Virtusa Corporation and the
other parties named therein and shall be deemed an "Investor" for all purposes
thereof. The address and facsimile number to which notices may be sent to the
undersigned is as follows:

________________________________________________________________________________

Facsimile No. _______________.

                                        ----------------------------------------
                                        Name:
                                              ----------------------------------

                                        3

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