Document:

Exhibit 10.12

 

GENPACT
GLOBAL HOLDINGS 2007 STOCK OPTION PLAN

 

(Effective
as of March 16, 2007, as amended as of April 20, 2007)

 

1.                                      Purpose

 

The purpose of the Plan is to provide a means through
which Genpact Global Holdings SICAR s.a.r.l.(the “Company”) and/or its
Affiliates may attract able persons to enter and remain in the employ of the
Company and/or its Affiliates and to provide a means whereby employees,
managers, directors and consultants of the Company and its Affiliates can
acquire and maintain Stock ownership, thereby strengthening their commitment to
the welfare of the Company and Affiliates, promoting an identity of interest
between stockholders and these employees, managers, directors and consultants
and incentivizing these employees, managers, directors and consultants to
contribute to the Company’s future success.

 

2.                                      Definitions

 

The following definitions shall be applicable
throughout the Plan.

 

(a)           “Affiliate”
means (i) any entity that
directly or indirectly is controlled by, or is under common control with the
Company and (ii) any entity in which the Company has a significant
equity interest, in either case as determined by the Board. As used in 2(c)
below, “affiliate” means, with respect to any specified entity, any other
entity that directly or indirectly
through one or more intermediaries, controls, is controlled by, or is under
common control with such specified entity.

 

(b)           “Board”
means the Board of Managers of the Company.

 

(c)           “Change
in Control” shall, unless in the case of a particular Option the applicable
Stock Option Agreement states otherwise or contains a different definition of “Change
in Control,” mean the occurrence of any one of the following events:
(i) the acquisition by any person or entity (other than General Atlantic Partners
(Bermuda) L.P., Oak Hill Capital Partners (Bermuda), L.P. or GE Capital
International (Mauritius) or any of their respective affiliates (each,
individually an “Investor” and collectively, the “Investors”)),
directly or indirectly, of more than 50% of the combined voting power of the
then outstanding securities entitled to vote generally in the election of
directors of the Company, including, without limitation, as a result, in whole
or part, by reason of a sale or other disposition by General Atlantic Partners
(Bermuda) L.P.,  Oak Hill Capital
Partners (Bermuda) L.P. or any of their respective Affiliates of their direct
or indirect interest in Genpact Investment Co. (Lux) and/or Genpact Global
(Lux)) or any successor entities; or (ii) any merger, consolidation,
reorganization, recapitalization, tender or exchange offer or any other
transaction with or affecting the Company, Genpact Investment Co. (Lux) and/or
Genpact Global (Lux) as a result of which a person or entity other than an
Investor owns after such transaction, directly or indirectly, more than 50% of
the combined voting power of the then outstanding securities entitled to vote
generally in the election of the directors of the Company, or (iii) the sale,
lease, exchange, transfer or other disposition to any person or entity, other
than an Investor, of all or substantially all, of the assets of the Company and
its consolidated subsidiaries.

 

 

(d)           “Code”
means the Internal Revenue Code of 1986, as amended. Reference in the Plan to
any section of the Code shall be deemed to include any amendments or successor
provisions to such section and any regulations under such section.

 

(e)           “Committee”
means the compensation committee of the Board, or if no such committee has yet
been established, the Board; provided that on and after the time that the
Company becomes subject to the Exchange Act, the composition of the Committee
shall satisfy the provisions of Rule16b-3 under the Exchange Act.

 

(f)            “Company”
means Genpact Global Holdings SICAR s.a.r.l., a Societé à
Responsabilité Limitée organized as a Societé d’Investissement
en Capital à Risque under the laws of the Grand Duchy of Luxembourg.

 

(g)           “Date
of Grant” means the date on which the granting of an Option is authorized,
or such other date as may be specified in such authorization or, if there is no
such date, the date indicated on the applicable Stock Option Agreement.

 

(h)           “Designated
Foreign Subsidiaries” means all Affiliates organized under the laws of any
jurisdiction or country other than the United States of America that may be
designated by the Board or the Committee from time to time.

 

(i)            “Effective
Date” means March 16, 2007.

 

(j)            “Eligible
Person” means any (i) individual regularly employed by the Company or an
Affiliate; (ii) non-employee manager or director of the Company or an
Affiliate, or (iii) consultant or advisor to the Company or an Affiliate.

 

(k)           “Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

(l)            “Fair
Market Value” on a given date means (i) if the Stock is listed on a
national securities exchange, the average of the highest and lowest sale prices
of a share of Stock reported as having occurred on the primary exchange with
which the Stock is listed and traded on such date, or, if there is no such sale
on that date, then on the last preceding date on which such a sale was
reported; (ii) if the Stock is not listed on any national securities exchange
but is quoted in the Nasdaq National Market (the “Nasdaq”) on a last
sale basis, the average between the high bid price and low ask price reported
on such date, or, if there is no such sale on that date, then on the last
preceding date on which a sale was reported; or (iii) if the Stock is not
listed on a national securities exchange nor quoted in the Nasdaq on a last
sale basis, the amount determined by the Board and/or the Committee to be the
fair market value based upon a good faith attempt to value the Stock
accurately.

 

(m)          “Incentive
Stock Option” means an Option granted by the Board to a Participant under
the Plan which is designated by the Board to be an incentive stock option as
described in Section 422 of the Code.

 

(n)           “Nonqualified
Stock Option” means an Option granted by the Board to a Participant under
the Plan which is not designated by the Board as an Incentive Stock Option.

 

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(o)           “Option”
means, individually or collectively, an Incentive Stock Option or Nonqualified
Stock Option granted under Section 7.

 

(p)           “Option
Period” means the period described in Section 7(c).

 

(q)           “Option
Price” means the exercise price for an Option as described in Section 7(a).

 

(r)            “Participant”
means an Eligible Person who has been selected by the Committee pursuant to
Section 6.

 

(s)           “Plan”
means this Genpact Global Holdings 2007 Stock Option Plan.

 

(t)            “Securities
Act” means the Securities Act of 1933, as amended

 

(u)           “Shareholders
Agreement” means the Shareholders Agreement dated as of December 30, 2004
by and among the Company, Genpact Global (Lux), certain of the Investors and
the other parties thereto, as the same may be amended from time to time.

 

(v)           “Stock”
means the common stock of the Company or such other authorized shares of stock
of the Company as the Board may from time to time authorize for use under the
Plan.

 

(w)          “Stock
Option Agreement” means the agreement between the Company and a Participant
who has been granted an Option pursuant to Section 7 which defines the rights
and obligations of the parties as required in Section 7(d).

 

3.                                      Effective
Date, Duration and Shareholder Approval

 

(a)           The
Plan is effective as of the Effective Date. No Option shall be treated as an
Incentive Stock Option unless the Plan has been approved by the shareholders of
the Company in a manner intended to comply with the shareholder approval
requirements of Section 422(b)(i) of the Code; provided that any Option
intended to be an Incentive Stock Option shall not fail to be effective solely
on account of a failure to obtain such approval, but rather such Option shall
be treated as a Nonqualified Stock Option unless and until such approval is
obtained.

 

(b)           The
expiration date of the Plan, on and after which no Options may be granted
hereunder, shall be the tenth anniversary of the Effective Date; provided,
however, that each Option outstanding upon such expiration date shall
continue in full force and effect in accordance with the provisions of the
Stock Option Agreement evidencing such Option and the administration of the
Plan shall continue in effect until all matters relating to all such
outstanding Options have been settled.

 

4.                                      Administration

 

(a)           The
Committee shall administer the Plan. The majority of the members of the
Committee shall constitute a quorum. The acts of a majority of the members
present at any 

 

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meeting at which a
quorum is present, and acts approved in writing by a majority of the Committee
shall be deemed the acts of the Committee.

 

(b)           Subject
to the provisions of the Plan and applicable law, the Committee shall have the
power, in addition to other express powers and authorizations conferred on the
Committee by the Plan, to:  (i) designate
Participants; (ii) determine the type or types of Options to be granted to a
Participant; (iii) determine the number of shares to be covered by, or with
respect to which payments, rights, or other matters are to be calculated in
connection with Options; (iv) determine the terms and conditions of any
Options; (v) determine whether, to what extent, and under what circumstances
Options may be settled or exercised in cash, common stock, other securities,
other Options, or other property, or canceled (including canceled and
regranted), forfeited, or suspended and the method or methods by which Options
may be settled, exercised, canceled, forfeited, or suspended; (vi) interpret,
administer, reconcile any inconsistency, correct any default and/or supply any
omission in the Plan and any instrument or agreement relating to or Option
granted under the Plan; (vii) establish, amend, suspend, or waive such rules
and regulations and appoint such agents as it shall deem appropriate for the
proper administration of the Plan; and (viii) make any other determination and
take any other action that the Committee deems necessary or desirable for the
administration of the Plan.

 

(c)           Unless
otherwise expressly provided in the Plan, all designations, determinations,
interpretations, and other decisions under or with respect to the Plan or any
Option or any documents evidencing any and all Options shall be within the sole
discretion of the Committee, may be made at any time pursuant to the Plan and
shall be final, conclusive, and binding upon all parties, including, without
limitation, the Company, any Affiliate, any Participant, any holder or
beneficiary of any Option, and any shareholder.

 

(d)           No
member of the Committee shall be liable for any action or determination made in
good faith with respect to the Plan or any Option hereunder.

 

5.                                      Grant
of Options; Shares Subject to the Plan

 

The Committee may, from time to time, grant Options to
one or more Eligible Persons; provided, however, that:

 

(a)           Subject
to Section 9, the aggregate number of shares of Stock in respect of which
Options may be granted under the Plan is 92,500;

 

(b)           In
the event any Option granted under the Plan shall be surrendered, terminate,
expire, or be forfeited, the number of shares of Stock no longer subject
thereto shall thereupon be released and shall thereafter be available for new
grants under the Plan;

 

(c)           Stock
delivered by the Company in settlement of Options granted under the Plan may be
Stock newly issued by the Company or purchased by private purchase; and

 

(d)           Subject
to Section 9, no person may be granted Options under the Plan during any
calendar year with respect to more than 20,000 shares of Stock.

 

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6.                                      Eligibility

 

Participation in the Plan shall be limited to Eligible
Persons who have been selected by the Committee to receive an Option under the
Plan.

 

7.                                      Terms
of Options

 

The Committee is authorized to grant one or more
Incentive Stock Options or Nonqualified Stock Options to any Eligible Person; provided,
however, that no Incentive Stock Options shall be granted to any
Eligible Person who is not an employee of the Company or a “parent” or “subsidiary”
of the Company, as such terms are used in Section 422(a)(2) of the Code. Each
Option so granted shall be subject to the following conditions, or to such
other conditions as may be reflected in the applicable Stock Option Agreement. In
all events, the provisions in the applicable Stock Option Agreement shall
control the terms of the Option issued pursuant thereto. If there shall be a
conflict between the provisions of the Plan and such Stock Option Agreement,
the provisions of such Stock Option Agreement shall control.

 

(a)           Option Price. The Option Price per share of Stock for each
Option shall be set by the Committee at the time of grant but shall not be less
than the Fair Market Value of a share of Stock at the Date of Grant (subject to
Section 7(e) in the case of an Incentive Stock Option).

 

(b)           Manner of Exercise and Form of Payment. No shares of Stock
shall be delivered pursuant to any exercise of an Option until payment in full
of the aggregate exercise price therefor is received by the Company. Options
which have become exercisable may be exercised by delivery of written notice of
exercise to the Committee accompanied by payment of the Option Price. The
Option Price shall be payable in cash (by check) or, in the discretion of the
Committee and if allowed by applicable law, either (i) by delivery of shares of
Stock valued at the Fair Market Value at the time the Option is exercised
(including by means of attestation of ownership of a sufficient number of
shares of Stock in lieu of actual delivery of such shares to the Company); provided,
however, that such shares are not subject to any pledge or other
security interest and have or meet such other requirements, if any, as the
Committee may determine necessary in order to avoid an accounting earnings
charge in respect of the Option, (ii) in other property having a fair market
value on the date of exercise equal to the Option Price, (iii) if there shall
be a public market for the Stock, by delivering to the Committee a copy of
irrevocable instructions to a stockbroker to deliver promptly to the Company
the proceeds of the sale of the Stock subject to the Option, sufficient to pay
the Option Price or (iv) by such other method as the Committee may allow.

 

(c)           Vesting, Option Period and Expiration. Options shall vest
and become exercisable in such manner and on such date or dates determined by
the Committee and shall expire after such period, not to exceed ten years
(subject to Section 7(e)), as may be determined by the Committee (the “Option
Period”); provided, however, that notwithstanding any vesting
dates set by the Committee, the Committee may in its sole discretion accelerate
the exercisability of any Option, which acceleration shall not affect the terms
and conditions of any such Option other than with respect to exercisability. If
an Option is exercisable in installments, such installments or portions thereof
which become exercisable shall remain exercisable until the 

 

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Option expires. Any
Option outstanding at the time of the Participant’s termination of employment
or service for any reason prior to the expiration of the Option Period shall
remain exercisable for such period of time thereafter as shall be determined by
the Committee and set forth in the Stock Option Agreement evidencing the
Option.

 

(d)           Stock Option Agreement - Other Terms and Conditions. Each
Option granted under the Plan shall be evidenced by a Stock Option Agreement,
which shall contain such provisions as may be determined by the Committee and,
except as may be specifically stated otherwise in such Stock Option Agreement,
which shall be subject to the following terms and conditions:

 

(i)            Each
Option or portion thereof that is exercisable shall be exercisable for the full
amount of shares of Stock or for any portion of whole shares of Stock thereof.

 

(ii)           Each
share of Stock purchased through the exercise of an Option shall be paid for in
full at the time of the exercise. Each Option shall cease to be exercisable, as
to any share of Stock, when the Participant purchases the share or when the
Option expires.

 

(iii)          Subject
to Sections 8(h) and 13, Options shall not be transferable by the Participant
except by will or the laws of descent and distribution and shall be exercisable
during the Participant’s lifetime only by him.

 

(iv)          Each
Option shall vest and become exercisable by the Participant in accordance with
the vesting schedule established by the Board and set forth in the Stock Option
Agreement evidencing such Option.

 

(v)           Each
Stock Option Agreement may contain a provision that, upon demand by the
Committee for such a representation, the Participant shall deliver to the
Committee at the time of any exercise of an Option a written representation
that the shares to be acquired upon such exercise are to be acquired for
investment and not for resale or with a view to the distribution thereof, and
any other representations deemed necessary by the Committee to ensure
compliance with all applicable corporate or securities laws. Upon such demand,
delivery of such representation prior to the delivery of any shares issued upon
exercise of an Option shall be a condition precedent to the right of the
Participant or such other person to purchase any shares. In the event certificates
for Stock are delivered under the Plan with respect to which such investment
representation has been obtained, the Committee may cause a legend or legends
to be placed on such certificates to make appropriate reference to such
representation and to restrict transfer in the absence of compliance with
applicable corporate and securities laws.

 

(vi)          Each
Stock Option Agreement representing an Incentive Stock Option shall contain a
provision requiring the Participant to notify the Company in writing immediately
after the Participant makes a disqualifying disposition of any Stock acquired
pursuant to the exercise of such Incentive Stock Option. A disqualifying
disposition is any disposition (including any sale) of such Stock before the
later of (a) two years after the Date of Grant of the Incentive Stock Option or
(b) one year after the date the Participant acquired the Stock by exercising
the Incentive Stock Option.

 

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(e)           Incentive Stock Option Grants to 10% Stockholders. Notwithstanding
anything to the contrary in this Section 7, if an Incentive Stock Option is
granted to a Participant who owns stock representing more than ten percent of
the voting power of all classes of stock of the Company, the Option Period
shall not exceed five years from the Date of Grant of such Option and the
Option Price shall be at least 110 percent of the Fair Market Value (on the
Date of Grant) of the Stock subject to the Option.

 

(f)            U.S. $100,000 Per Year Limitation for Incentive Stock Options. To
the extent the aggregate Fair Market Value (determined as of the Date of Grant)
of Stock for which Incentive Stock Options are exercisable for the first time
by any Participant during any calendar year (under all plans of the Company)
exceeds U.S. $100,000, such excess Incentive Stock Options shall be treated as
Nonqualified Stock Options.

 

8.                                      General

 

(a)           Additional Provisions of an Option. Options granted to a
Participant under the Plan also may be subject to such other provisions (whether
or not applicable to Options granted to any other Participant) as the Committee
determines appropriate. Any such provisions shall be reflected in the
applicable Stock Option Agreement.

 

(b)           Privileges of Stock Ownership. Except as otherwise
specifically provided in the Plan, no person shall be entitled to the
privileges of ownership in respect of or on behalf of shares of Stock which are
subject to Options hereunder until such shares have been issued to or, subject
to Section 15, on behalf of, that person.

 

(c)           Government and Other Regulations. The obligation of the
Company to deliver Stock upon the exercise of an Option shall be subject to all
applicable laws, rules, and regulations, and to such approvals by governmental
agencies as may be required. Notwithstanding any terms or conditions of any
Option to the contrary, the Company shall be under no obligation to offer to
sell or to sell and shall be prohibited from offering to sell or selling any
shares of Stock pursuant to an Option unless (A) such shares have been properly
registered for sale pursuant to the Securities Act with the U.S. Securities and
Exchange Commission or unless the Company has received an opinion of counsel,
satisfactory to the Company, that such shares may be offered or sold without such
registration pursuant to an available exemption therefrom and the terms and
conditions of such exemption have been fully complied with; and (B) such sale
or offer to sell is in compliance with all applicable laws, including the laws
of the Grand Duchy of Luxembourg applicable to any entity that is a “SICAR”
and/or a “SARL” (as such terms are defined in Section 17 hereof). The Company
shall be under no obligation to register for sale under the Securities Act any
of the shares of Stock to be offered or sold under the Plan. If the shares of
Stock offered for sale or sold under the Plan are offered or sold pursuant to
an exemption from registration under the Securities Act, the Company may
restrict the transfer of such shares and may legend the Stock certificates
representing such shares in such manner as it deems advisable to ensure the
availability of any such exemption.

 

7

 

(d)           Withholding.

 

(i)            A
Participant may be required to pay to the Company or any Affiliate, and the
Company or any Affiliate shall have the right and is hereby authorized to
withhold from any Shares or other property deliverable under any Option or from
any compensation or other amounts owing to a Participant the amount (in cash,
Stock or other property) of any income tax, employment tax, social insurance,
payroll tax, contributions, payment on account obligations or other payments
required to be withheld in respect of an Option and its exercise under the Plan
and to take such other action as may be necessary in the opinion of the Company
to satisfy all such withholding obligations for the payment of such taxes.

 

(ii)           Without
limiting the generality of clause (i) above, if so provided in a Stock Option
Agreement, a Participant may satisfy, in whole or in part, the foregoing
withholding liability (but no more than the minimum required withholding
liability) by delivery of shares of Stock owned by the Participant with a Fair
Market Value equal to such withholding liability (provided that such shares are
not subject to any pledge or other security interest and meet such other
requirements, if any, as the Board may determine necessary in order to avoid an
accounting earnings charge), or by having the Company withhold from the number
of shares of Stock otherwise issuable pursuant to the exercise of the Option a
number of shares with a Fair Market Value equal to such withholding liability.

 

(iii)          Without
limiting the generality of clauses (i) and (ii), in the event that any taxes
imposed by the Government of India (including any fringe benefits tax) are
required to be paid by the Company or any of its subsidiaries as a result of or
with respect to the grant, issuance or exercise of any Option under the Plan to
any Participant, the Company or such subsidiary shall be entitled, in its
discretion, to withhold the amount of such taxes, in cash or stock, from the
amounts otherwise payable to such Participant with respect to the exercise by
such Participant of such Option or otherwise to recover the amount of such
taxes from the Participant as a condition to the effectiveness of such Option
exercise. In the event the Company or its subsidiary, as the case may be, shall
be unable to recover, by withholding or reimbursement, as provided for herein,
the amount of such taxes from the Participant, for any reason(s) whatsoever,
the Company or the subsidiary may (i) withhold appropriate amounts from any
payment (including salary) made by the Company or the subsidiary to the
Participant or (ii) cancel the existing Options granted (irrespective of
whether they have vested) or any future grant of Options or issuance of shares
of Stock to the Participant, without any obligations or liabilities on the
Company and the subsidiary, including any combination of the foregoing.

 

(e)           Claim to Options and Employment Rights. No employee of the
Company or an Affiliate, or other person, shall have any claim or right to be
granted an Option under the Plan or, having been selected for the grant of an
Option, to be selected for a grant of any other Option. Neither the Plan nor
any action taken hereunder shall be construed as giving any Participant any
right to be retained in the employ or service of the Company or an Affiliate.

 

(f)            No Liability of Committee or Board Members. No member of the
Committee or the Board shall be personally liable by reason of any contract or
other instrument executed by such member or on his behalf in his capacity as a
member of the Committee or the Board nor for any mistake of judgment made in
good faith, and the Company shall indemnify and hold harmless each member of
the Committee and the Board and each other employee, 

 

8

 

officer or manager
of the Company to whom any duty or power relating to the administration or
interpretation of the Plan may be allocated or delegated, against any cost or
expense (including counsel fees) or liability (including any sum paid in
settlement of a claim) arising out of any act or omission to act in connection
with the Plan unless arising out of such person’s own fraud or willful bad
faith; provided, however, that approval of the Board shall be
required for the payment of any amount in settlement of a claim against any
such person. The foregoing right of indemnification shall not be exclusive of
any other rights of indemnification to which such persons may be entitled under
the Company’s Articles of Incorporation or By-Laws, as a matter of law, or
otherwise, or any power that the Company may have to indemnify them or hold
them harmless; provided, however, that any loss incurred by a
member of the Committee or the Board may only be indemnified once.

 

(g)           Governing Law. The Plan shall be governed by and construed
in accordance with the internal laws of the State of New York without regard to
the principles of conflicts of law thereof, or principles of conflicts of laws
of any other jurisdiction which could cause the application of the laws of any
jurisdiction other than the State of New York; provided, that, the Plan
shall be subject to the mandatory laws of the Grand Duchy of Luxembourg.

 

(h)           Nontransferability.

 

(i)            Subject
to Section 13, each Option shall be exercisable only by the Participant during
the Participant’s lifetime, or, if permissible under applicable law, by the
Participant’s legal guardian or representative. No Option may be assigned,
alienated, pledged, attached, sold or otherwise transferred or encumbered by a
Participant otherwise than by will or by the laws of descent and distribution
and any such purported assignment, alienation, pledge, attachment, sale,
transfer or encumbrance shall be void and unenforceable against the Company or
an Affiliate; provided that the designation of a beneficiary shall not
constitute an assignment, alienation, pledge, attachment, sale, transfer or
encumbrance.

 

(ii)           Notwithstanding
the foregoing, the Committee may in a Stock Option Agreement or at any time
after the Date of Grant in an amendment to a Stock Option Agreement provide
that Options which are not intended to qualify as Incentive Stock Options may
be transferred by a Participant without consideration, subject to such rules as
the Committee may adopt consistent with any applicable Stock Option Agreement
to preserve the purposes of the Plan, to:

 

(A)                              any
person who is a “family member” of the Participant, as such term is used in the
instructions to Form S-8 (collectively, the “Immediate Family Members”);

 

(B)                                a
trust solely for the benefit of the Participant and his or her Immediate Family
Members;

 

(C)                                a
partnership or limited liability company whose only partners or shareholders
are the Participant and his or her Immediate Family Members; or

 

9

 

(D)                               any
other transferee as may be approved either (a) by the Committee in its
sole discretion, or (b) as provided in the applicable Stock Option
Agreement;

 

(each
transferee described in clauses (A), (B), (C) 
and (D) above is hereinafter referred to as a “Permitted Transferee”);
provided that the Participant gives the Committee advance written notice
describing the terms and conditions of the proposed transfer and the Committee
notifies the Participant in writing that such a transfer would comply with the
requirements of the Plan and any applicable Stock Option Agreement.

 

(iii)          The
terms of any Option transferred in accordance with the immediately preceding
sentence shall apply to the Permitted Transferee and any reference in the Plan
or in a Stock Option Agreement to a Participant shall be deemed to refer to the
Permitted Transferee, except that (a) Permitted Transferees shall not be
entitled to transfer any Options, other than by will or the laws of descent and
distribution; (b) Permitted Transferees shall not be entitled to exercise any
transferred Options unless there shall be in effect a registration statement on
an appropriate form covering the shares to be acquired pursuant to the exercise
of such Option if the Committee determines, consistent with any applicable
Stock Option Agreement, that such a registration statement is necessary or appropriate,
(c) the Committee or the Company shall not be required to provide any notice to
a Permitted Transferee, whether or not such notice is or would otherwise have
been required to be given to the Participant under the Plan or otherwise, and
(d) the consequences of termination of the Participant’s employment by, or
services to, the Company or an Affiliate under the terms of the Plan and the
applicable Stock Option Agreement shall continue to be applied with respect to
the Participant, following which the Options shall be exercisable by the
Permitted Transferee only to the extent, and for the periods, specified in the
Plan and the applicable Stock Option Agreement.

 

(i)            Reliance on Reports. Each member of the Committee and each
member of the Board shall be fully justified in relying, acting or failing to
act, and shall not be liable for having so relied, acted or failed to act in
good faith, upon any report made by the independent public accountant of the
Company and Affiliates and upon any other information furnished in connection
with the Plan by any person or persons other than himself.

 

(j)            Relationship to Other Benefits. No award or payment under
the Plan shall be taken into account in determining any benefits under any
pension, retirement, profit sharing, group insurance, severance, termination,
indemnification, resignation, redundancy, bonus, long term incentive or other
benefit plan of the Company or any Affiliate except as otherwise specifically
provided in such other plan.

 

(k)           Expenses. The expenses of administering the Plan shall be
borne by the Company and Affiliates.

 

(l)            Pronouns. Masculine pronouns and other words of masculine
gender shall refer to both men and women.

 

10

 

(m)          Titles and Headings. The titles and headings of the sections
in the Plan are for convenience of reference only, and in the event of any
conflict, the text of the Plan, rather than such titles or headings shall
control.

 

(n)           Termination of Employment. For all purposes herein, a person
who transfers from employment or service with the Company to employment or
service with an Affiliate or vice versa shall not be deemed to have terminated
employment or service with the Company or an Affiliate.

 

(o)           Severability. If any provision of the Plan or any Stock
Option Agreement is or becomes or is deemed to be invalid, illegal, or
unenforceable in any jurisdiction or as to any person or Option, or would
disqualify the Plan or any Option under any law deemed applicable by the Board,
such provision shall be construed or deemed amended to conform to the
applicable laws, or if it cannot be construed or deemed amended without, in the
determination of the Board, materially altering the intent of the Plan or the
Option, such provision shall be stricken as to such jurisdiction, person or
Option and the remainder of the Plan and any such Option shall remain in full
force and effect.

 

9.                                      Changes
in Capital Structure

 

Options granted under the Plan and any Stock Option
Agreements evidencing such Options and the maximum number of shares of Stock
subject to all Options stated in Section 5(a) shall be subject to adjustment or
substitution, in such manner as determined by the Board in its sole discretion,
as to the number, price or kind of a share of Stock or other consideration
subject to such Options or as otherwise determined by the Board to be equitable
(i) in the event of changes in the outstanding Stock or in the capital
structure of the Company by reason of stock or extraordinary cash dividends, stock
splits, reverse stock splits, recapitalization, reorganizations, mergers,
consolidations, separations, combinations, exchanges, or other relevant
corporate transactions or changes in capitalization occurring after the Date of
Grant of any such Award or (ii) in the event of any change in applicable laws
or any change in circumstances which results in or would result in any
substantial dilution or enlargement of the rights granted to, or available for,
Participants, or which otherwise warrants equitable adjustment because it
interferes with the intended operation of the Plan. Any adjustment in Incentive
Stock Options under this Section 9 shall be made only to the extent not
constituting a “modification” within the meaning of Section 424(h)(3) of the
Code, and any adjustments under this Section 9 shall be made in a manner which
does not adversely affect the exemption provided pursuant to Rule 16b-3
under the Exchange Act. In making any adjustment pursuant to this Section 9,
the Board shall take into consideration any tax and/or accounting consequences
of an adjustment that results in any Participant receiving an additional
benefit under any outstanding Award.

 

10.                               Effect
of Change in Control

 

(a)           Except
to the extent provided in a particular Stock Option Agreement, in the event of
a Change in Control, notwithstanding any provision of the Plan or any
applicable Stock Option Agreement to the contrary, the Board may in its
discretion provide that all Options shall become immediately exercisable with
respect to 100 percent of the shares subject to such Option. Such acceleration
of exercisability shall occur in a manner and at a time which allows 

 

11

 

affected
Participants the ability to participate in the Change in Control transaction
with respect to the Stock subject to their Options.

 

(b)           In
addition, in the event of a Change in Control, the Board may in its discretion
and upon at least 10 days’ advance notice to the affected persons, cancel any
outstanding Options and pay to the holders thereof, in cash or stock, or any
combination thereof, the value of such Options based upon the price per share
of Stock received or to be received by other stockholders of the Company in the
event.

 

(c)           The
obligations of the Company under the Plan shall be binding upon any successor
corporation or organization resulting from the merger, consolidation or other
reorganization of the Company, or upon any successor corporation or
organization succeeding to substantially all of the assets and business of the
Company. The Company agrees that it will make appropriate provisions for the
preservation of Participants’ rights under the Plan in any agreement or plan
which it may enter into or adopt to effect any such merger, consolidation,
reorganization or transfer of assets (including, where it is intended that
Options survive the consummation of the Change in Control, by requiring that
outstanding Options be assumed or that substantially equivalent stock options
be substituted for such outstanding Options).

 

11.                               Options
Subject to the Shareholders Agreement

 

Options granted under the Plan shall be subject to the
Shareholders Agreement. The terms and provisions of the Shareholders’ Agreement
are hereby incorporated herein by reference. In the event of a conflict between
any term or provision contained herein and any term or provision of the
Shareholders Agreement, the applicable terms and provisions of the  Shareholders Agreement will govern and
prevail.

 

12.                               Successors

 

The obligations of the Company under the Plan shall be
binding upon any successor corporation or organization resulting from the
merger, consolidation or other reorganization of the Company, or upon any
successor corporation or organization succeeding to substantially all of the assets
and business of the Company. The Company agrees that it will make appropriate
provisions for the preservation of Participants’ rights under the Plan in any
agreement or plan which it may enter into or adopt to effect any such merger,
consolidation, reorganization or transfer of assets.

 

13.                               Nonexclusivity
of the Plan

 

Neither the adoption of the Plan by the Board nor the
submission of the Plan to the stockholders of the Company for approval shall be
construed as creating any limitations on the power of the Board to adopt such
other incentive arrangements as it may deem desirable, including, without
limitation, the granting of stock options otherwise than under the Plan, and
such arrangements may be either applicable generally or only in specific cases.

 

12

 

14.                               Amendments
and Termination

 

(a)           Amendment and Termination of the Plan. The Board may amend,
alter, suspend, discontinue, or terminate the Plan or any portion thereof at
any time; provided that no such amendment, alteration, suspension,
discontinuation or termination shall be made without shareholder approval if
such approval is necessary to comply with any tax or regulatory requirement
applicable to the Plan; and provided  further that any such
amendment, alteration, suspension, discontinuance or termination that would
impair the rights of any Participant (or any holder or beneficiary) with
respect to any Option theretofore granted shall not to that extent be effective
without the consent of the affected Participant, holder or beneficiary unless
such amendment, alteration, suspension, discontinuance or termination is
required by the Commission de Surveillance du Secteur
Financier of the Grand Duchy of Luxembourg or other applicable law.

 

(b)           Amendment of  Stock Option Agreements.
Unless the applicable Stock Option Agreement provides otherwise, the Committee
may waive any conditions or rights under, amend any terms of, or alter,
suspend, discontinue, cancel or terminate, any Option theretofore granted,
prospectively or retroactively; provided that any such waiver, amendment,
alteration, suspension, discontinuance, cancellation or termination that would
impair the rights of any Participant in respect of any Option theretofore
granted shall not to that extent be effective without the consent of the
affected Participant unless such waiver, amendment, alteration, suspension,
discontinuance, cancellation or termination is required by the Commission de Surveillance du Secteur Financier of the Grand
Duchy of Luxembourg or other applicable law.

 

15.                               Fiduciary

 

(a)           The
Company may establish a fiduciary arrangement (the “Fiduciary Arrangement”)
for the exercise of Options granted under the Plan in order to comply with the
rules pertaining to a Societé à Responsabilité
Limitée organized under the laws of the Grand Duchy of Luxembourg (a
“SARL”), and, if applicable, the rules 
pertaining to a Societé d’Investissement
en Capital à Risque organized under the laws of the Grand Duchy of
Luxembourg (a “SICAR”). If and to the extent the Company determines to
use a Fiduciary Arrangement, any Option to be granted to a Participant shall,
at the Company’s sole option, either (i) be issued to the fiduciary of such
Fiduciary Arrangement (the “Fiduciary”) for the Participant’s benefit or
(ii) issued to the Participant with a requirement that the Option be
transferred to the Fiduciary immediately prior to exercise (any such Option, a “Fiduciary
Option”). All shares of Stock acquired upon the exercise of Fiduciary
Options shall be held by the Fiduciary for the period during which the Company
remains a SARL or a SICAR, as applicable, in accordance with the terms of the
fiduciary agreement between the Company, the Fiduciary and the applicable
Participants governing the Fiduciary Arrangement (the “Fiduciary Agreement”).

 

(b)           In
connection with the grant of an Option, each Participant shall be obligated to
enter into a Fiduciary Agreement at such times and subject to such terms and
conditions as the Company may require.

 

13

 

(c)           The
Fiduciary’s ability to exercise a Fiduciary Option on behalf of Participant
shall be limited to the terms of the Participant’s Stock Option Agreement and
otherwise as directed by the Participant. The Fiduciary shall not be obligated
to exercise a Fiduciary Option unless and until the Participant has paid the
Option Price and has otherwise complied with any other applicable requirements
as set forth in the Plan and the Participant’s Stock Option Agreement. Without
limiting the generality of the foregoing, the Fiduciary Agreement shall provide
that the Fiduciary shall hold Fiduciary Options, if applicable, and shares of
Stock acquired on the exercise of Fiduciary Options for the exclusive benefit
of Participants and shall discharge its duties with respect to the Fiduciary
Arrangement solely in the interest of Participants.

 

16.                               Sub
Plans

 

This Plan document is an omnibus document which may
include, in addition to the Plan, separate sub-plans (“Sub Plans”) that
permit offerings of grants to employees of certain Designated Foreign
Subsidiaries. Offerings under the Sub Plans may be made in particular locations
outside the United States of America and shall comply with local laws
applicable to offerings in such foreign jurisdictions. As of the Effective
Date, the only Sub Plan is the Genpact Global Holdings 2007 India Employee
Stock Option Plan.

 

*       *      
*

 

As adopted by the Board of Managers of Genpact Global Holdings SICAR
s.a.r.l. as of March 13, 2007 and approved by the Shareholders of Genpact
Global Holdings SICAR s.a.r.l. as of March 16, 2007

 

As amended by the Board of Managers of Genpact Global Holdings SICAR
s.a.r.l. as of April 11, 2007 and approved by the Shareholders of Genpact Global
Holdings SICAR s.a.r.l. as of April 20, 2007.

 

14

 

GENPACT
GLOBAL HOLDINGS

2007
INDIA EMPLOYEE STOCK OPTION PLAN

 

(A Sub
Plan of the Genpact Global Holdings 2007 Stock Option Plan)

 

(Effective
as of                   ,
2007)

 

1.             Establishment
and Purpose of Sub Plan

 

(a)           The
purpose of this Genpact Global Holdings 2007 India Employee Stock Option Plan
(the “Sub Plan”) is to provide a means through which Genpact Global
Holdings SICAR s.a.r.l., a Societé à Responsabilité
Limitée organized as a Societé d’Investissement
en Capital à Risque under the laws of the Grand Duchy of Luxembourg
(the “Company”) and its Indian Subsidiaries may attract able persons to
enter and remain in the employ of the Company, its Affiliates and the Indian
Subsidiaries and, subject to the terms of the Plan (as defined below) and this
Sub Plan, to provide a means whereby employees and directors of the Company,
its Affiliates and the Indian Subsidiaries can acquire and maintain Stock
ownership, thereby strengthening their commitment to the welfare of the Company
and the Indian Subsidiaries and promoting an identity of interest between
stockholders and these employees and directors.

 

(b)           This
Sub Plan is established as a sub plan of the Genpact Global Holdings 2007 Stock
Option Plan (the “Plan”), as of the Effective Date, subject to the
shareholder and Indian Subsidiary approval requirements set forth in Section 7.
This Sub Plan is established and shall be maintained in accordance with all
terms and conditions of the Plan, except to the extent specifically provided
otherwise herein. Capitalized terms used in the Sub Plan and not otherwise
defined shall have the same meanings as such terms are given in the Plan.

 

2.             Definitions

 

(a)           “Act”
means the Indian Income Tax Act, 1961 as amended, and any applicable
regulations or notifications promulgated thereunder.

 

(b)           “Effective
Date” means
           , 2007.

 

(c)           “FEMA”
means the Indian Foreign Exchange Management Act, 1999 as amended, and the
rules and regulations promulgated thereunder.

 

(d)           “Indian
Subsidiary” means, each Subsidiary that is either (i) headquartered in the
Republic of India or (ii) employs or retains a person who is “resident” in
India, in accordance with the Guidelines, all such Subsidiaries are
collectively referred to as the “Indian Subsidiaries”.

 

(e)           “Sub
Plan Eligible Person” means any employee or director of the Company, its
Affiliates or an Indian Subsidiary, in India.

 

 

(f)            “Sub
Plan Participant” means a Sub Plan Eligible Person who has been selected by
the Committee pursuant to subsection 3(b) of the Sub Plan.

 

(g)           “Subsidiary”
means, at the time of reference, a “subsidiary” of the Company as that term is
then defined under the Indian Companies Act, 1956.

 

3.             Option
Grants to Sub Plan Participants

 

(a)           The
Committee may, from time to time grant Options to one or more Sub Plan Eligible
Persons, subject to the provisos of Section 5 of the Plan.

 

(b)           Participation
in the Sub Plan shall be limited to Sub Plan Eligible Persons who have been
selected by the Committee to receive an Option under the Sub Plan.

 

(c)           The
Committee is authorized to grant one or more Options to any Sub Plan Eligible
Person. The Committee shall, based on the performance, potential for future
contribution to Company and the Indian Subsidiaries, integrity, number of
employment years and any other factor(s) as deemed fit by it, form the basis
for determining the quantum of Options to be granted under the Sub Plan. Each
Option so granted shall be subject to the terms and conditions set forth in the
Plan, the additional conditions set forth in this Sub Plan, and to any other
conditions as may be reflected in the applicable Stock Option Agreement. The
minimum number of shares of Stock which may be subject to an Option granted to
a Sub Plan Eligible Person is one and the maximum number of shares of Stock
which may be subject to such an Option is 20,000.

 

(d)           If
there shall be a conflict between the provisions of the Plan and the Sub Plan,
the provisions of the Sub Plan shall control. In all events, however, the
provisions in the applicable Stock Option Agreement shall control the terms of
the Option issued pursuant thereto. If there shall be a conflict between the
provisions of the Plan or the Sub Plan and such Stock Option Agreement, the
provisions of such Stock Option Agreement shall control.

 

(e)           In the event the
Stock is not listed on a national securities exchange or quoted in NASDAQ on a
last sale basis, the Fair Market Value shall, in addition to a good faith
determination by the Board and/or the Committee, be based on the Basis of
Valuation as attached hereto, which shall take into reference the Company’s
accounts for the last three financial years.

 

4.             Nontransferability

 

Options granted to Sub Plan Participants shall be
subject to the transfer restrictions set forth in Section 8(h) of the Plan, provided,
however, that any rules that the Committee may adopt permitting Options
to be transferred by a Sub Plan Participant without consideration shall be
consistent with applicable FEMA regulations. Except as otherwise expressly
provided in the Plan, in any agreement with the Sub Plan Participant holding
such Option, including in connection with an initial public offering of Stock
as 

 

 

required by the underwriters to such initial public
offering, or in any shareholders agreement among the holders of outstanding
Stock, there shall be no restriction on transfer, sale or other disposition of
a share of Stock issued pursuant to the exercise of an Option.

 

5.             Taxes

 

In the event that any taxes (including fringe benefits
tax imposed by the Government of India) are required to be paid by the Company
or any Subsidiary as a result of or with respect to the grant, issuance or
exercise of any Option under the Plan and this Sub Plan to or by a Sub Plan Participant,
the Company or such Subsidiary shall be entitled, in its discretion, to
withhold the amount of such taxes, in cash or stock, from the amounts otherwise
payable to such Sub Plan Participant with respect to the exercise by such
Participant of such Option or otherwise to recover the amount of such taxes
from the Sub Plan Participant as a condition to the effectiveness of such
Option exercise. In the event the Company or Subsidiary, as the case may be,
shall be unable to recover, by withholding or reimbursement, as provided for
herein,  the amount of such taxes from
the Sub Plan Participant, for any reason(s) whatsoever, the Company or the
Subsidiary may (i) withhold appropriate amounts from any payment (including
salary) made by the Company or the Subsidiary to the Sub Plan Participant or
(ii) cancel the existing Options granted (irrespective of whether they have
vested) or any future grant of Options or issuance of shares of Stock to the
Sub Plan Participant, without any obligations or liabilities on the Company and
the Subsidiary, including any combination of the foregoing.

 

6.             Applicable
Law; Severability

 

(a)           This
Sub Plan shall be governed by and construed in accordance with the internal
laws of the State of New York without regard to the principles of conflicts of
law thereof, or principles of conflicts of laws of any other jurisdiction which
could cause the application of the laws of any jurisdiction other than the
State of New York. If any provision of this Sub Plan is held by a court of
competent jurisdiction to be invalid or unenforceable, the remaining provisions
of the Sub Plan will continue to be fully effective.

 

(b)           The
Board shall exercise the powers granted to it under Section 14(a) of the Plan
with respect to this Sub Plan only to the extent that such exercise would not
be prohibited by Section 2 of the Guidelines.

 

7.             Adoption by
Shareholders, Indian Subsidiary

 

(a)           No
Option granted under the Sub Plan will be exercisable until (i) a majority of
the shareholders of the Company approve the Plan in a general meeting or in any
other manner, as permissible under law, within 12 months from the effective
date and (ii) the Board of Directors of each Indian Subsidiary accepts and
adopts the Plan and the Sub Plan, whereupon all grants made under the Sub Plan
shall be deemed to have been made at the behest and on behalf of such Indian
Subsidiary and 

 

 

such Indian
Subsidiary, in so far as the terms and conditions of the Plan apply to it,
shall be bound by the terms and conditions thereof.

 

(b)           The
Sub Plan and any Options granted under it will terminate, if the approvals
described in the foregoing subparagraph (a) are not received for the Plan and
the Sub Plan within twelve months following the Effective Date.

 

*              *              *

 

Attachment:

 

Basis of Valuation

 

 

As adopted by the Board of Directors of GE
Capital International Services (India) as of                     ,
2007Exhibit 10.13

 

GENPACT GLOBAL HOLDINGS

200[  ] STOCK OPTION PLAN

 

STOCK OPTION AGREEMENT

 

THIS STOCK OPTION AGREEMENT (the “Agreement”),
dated as of                      
(the “Date of Grant”), is made by and between Genpact Global Holdings
SICAR S.à.r.l., a Societé à Responsabilité Limitée
organized as a Societé d’Investissement en Capitol à Risque
under the laws of the Grand Duchy of Luxembourg (the “Company”), and                     
(“Participant”).

 

R  E  C  I  T
A  L  S:

 

WHEREAS, the Company has adopted the Genpact Global
Holdings 200[  ] Stock Option Plan (the “Plan”),
pursuant to which options may be granted to purchase the common stock of the
Company (the “Shares”); and

 

WHEREAS, the Committee has determined that it is in
the best interests of the Company and its shareholders to grant to Participant
an option to purchase that number of Shares provided for herein.

 

NOW, THEREFORE, for and in consideration of the
premises and the covenants of the parties contained in this Agreement, and for
other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto, for themselves, their successors and assigns,
hereby agree as follows:

 

1.                                       Grant
of Option. Subject to the terms and conditions of the Plan and the
additional terms and conditions set forth in this Agreement, the Company hereby
grants on the Date of Grant to Participant an option (the “Option”) to
purchase             
Shares (such shares, the “Option Shares”). To the extent the Option is
granted to a United States taxpayer, the Option shall be treated as a
Nonqualified Stock Option.

 

2.                                       Option
Subject to Plan; Requirement to Enter into Other Agreements.

 

(a)                                  By
entering into this Agreement, Participant agrees and acknowledges that
Participant has received and read a copy of the Plan and the Shareholders
Agreement, agrees to be bound by all the terms and provisions of the Plan and
the Shareholders Agreement, and has executed and returned the Joinder Agreement
attached hereto as Exhibit C.

 

(b)                                 The
Plan, as it may be amended from time to time, is hereby incorporated herein by
reference. Except as otherwise expressly set forth herein, this Agreement shall
be construed in accordance with the provisions of the Plan and any capitalized
terms not otherwise defined in this Agreement shall have the definitions set
forth in the Plan. The Committee shall have final authority to interpret and
construe the Plan and this Agreement and to make any and all determinations
under them, and its

 

 

decision shall be binding and conclusive upon Participant and his legal
representative in respect of any questions arising under the Plan or this
Agreement. In the event of a conflict between any term or provision contained
herein and any terms or provisions of the Plan, the applicable terms and provisions
of this Agreement will govern and prevail.

 

(c)                                  Prior
to the first public offering of the Shares on any national securities exchange
or inter dealer quotation system (an “IPO”), Participant shall not be
permitted to exercise the Option (or any portion thereof) unless immediately
prior to such exercise (or at such earlier time as the Company may require)
Participant shall have become a party to the (i) the Stock Purchase Agreement
attached hereto as Exhibit D and (ii) Fiduciary Agreement attached hereto
as Exhibit E.

 

3.                                       Terms
and Conditions.

 

(a)                                  Option
Price. The price at which Participant shall be entitled to purchase the
Option Shares upon the exercise of all or any portion of the Option shall be
U.S.$[FMV at time of grant] per Option Share.

 

(b)                                 Expiration
Date. Subject to Section 3(d) hereof, the Option shall expire at the end of
the period commencing on the Date of Grant and ending at 11:59 p.m. Eastern
Standard Time on the day preceding the tenth anniversary of the Date of Grant
(the “Option Period”).

 

(c)                                  Exercisability
of the Option.

 

(i)                                     Vesting.
Subject to Participant’s continued employment or service with the Company or an
Affiliate and except as may otherwise be provided herein, the Option shall
become vested and exercisable as to [           ].
For purposes of this Agreement, the “Vesting Commencement Date” shall
mean [            ].

 

(ii)                                  Methods
of Exercise. Following the IPO, the Option may be exercised only by written
notice, substantially in the form attached hereto as Exhibit A (or a
successor form provided by the Committee), delivered to the Company in person
or by mail in accordance with Section 4(a) hereof and accompanied by
payment therefor in accordance with Section 3(c)(iii) hereof. Prior to the IPO,
the Option may be exercised only by (A) Participant transferring the Option (or
the portion thereof that is being exercised) to the Fiduciary in accordance
with the Fiduciary Agreement, (B) Participant delivering to the Fiduciary
written notice substantially in the form attached hereto as Exhibit B
(or a successor form provided by the Committee), delivered in person or by mail
in accordance with Section 4(a) hereof and accompanied by payment
therefor, and (C) payment to the Company of the aggregate exercise price by
Participant in accordance with Section 3(c)(iii) hereof. Following exercise of
the Option (or any

 

2

 

portion thereof)
by the Fiduciary, the Company shall as soon as practicable deliver Shares in
respect of such exercised Option (or portion thereof) to the Fiduciary to be
held for the benefit of Participant and such Shares shall be delivered to
Participant only at such time as the Company is no longer a Societé à Responsabilité Limitée organized under the laws of
the Grand Duchy of Luxembourg (or, if deemed necessary by the Company, on such
later date on which the Company ceases to be a Societé d’Investissement
en Capital à Risque organized under the laws of the Grand Duchy of
Luxembourg).

 

(iii)                               Payment of Purchase
Price. The purchase price of the Option Shares shall be paid by Participant
(A) in cash (by check, wire transfer or other manner agreed by the Company)
and/or (B) at any time following an IPO, (x) in Shares having a Fair Market
Value at the time the Option is exercised equal to the aggregate exercise price
of the Option or portion thereof being exercised (including by means of
attestation of ownership of a sufficient number of Shares in lieu of actual
delivery of such shares to the Company); provided, that, such Shares
have been held by Participant for at least six (6) months prior to exercise or
(y) by delivering to the Committee a copy of irrevocable instructions to a
stockbroker to deliver promptly to the Company the proceeds of the sale of the
Shares subject to the Option or portion thereof being exercised, sufficient to
pay the aggregate exercise price of the Option or portion thereof being
exercised. Notwithstanding the foregoing, in no event shall a Participant be
permitted to exercise an Option in the manner described in clause (B) of the
preceding sentence if the Committee determines that exercising an Option in
such manner would violate any applicable law or the applicable rules and
regulations of any securities exchange or inter dealer quotation system on which
the securities of the Company or any Affiliates are listed or traded.

 

(d)                                 Effect
of Termination of Employment on the Option.

 

(i)                                     Death/Disability.
If Participant’s employment or services with the Company and its Affiliates
terminates on account of Participant’s death or by the Company or any Affiliate
due to “Disability” (as defined below), the unvested portion of the Option
shall expire on the date of termination and the vested portion of the Option
shall remain exercisable by Participant through the earlier of (A) the
expiration of the Option Period or (B) six months following the date of
termination on account of death or Disability. For purposes of this Agreement, “Disability”
shall mean “Disability” as defined in any employment or consulting agreement
between Participant and the Company or an Affiliate in effect at the time the
existence of Disability is to be determined, or, in the absence of such an
employment or consulting agreement, a condition entitling Participant to
receive benefits under the long-term disability plan of the Company or an
Affiliate, as applicable, or, in the absence of such a plan, Participant’s
complete and permanent inability by reason of illness or accident to perform
the duties of the occupation at which a Participant was employed or served when
such illness or accident commenced, as determined by the Committee based upon
medical evidence acceptable to it.

 

(ii)                                  Termination
Other than due to Death/Disability or for Cause. If Participant’s employment or services with the Company and its
Affiliates is

 

3

 

terminated for any reason other than on account of Participant’s
death or by the Company or any Affiliate due to Disability or for Cause, the unvested portion of the Option
shall expire on the date of termination and the vested portion of the Option
shall remain exercisable by Participant through the earlier of (A) the
expiration of the Option Period or (B) ninety (90) days following such
termination.

 

(iii)                               Termination for Cause.
If Participant’s employment or services with the Company and its Affiliates is
terminated by the Company or any Affiliate for “Cause” (as defined below), both
the unvested and the vested portions of the Option shall terminate on the date
of such termination. For purposes of this Agreement, “Cause” shall mean “Cause”
as defined in any employment or consulting agreement between Participant and
the Company or an Affiliate in effect at the time of such termination or, in
the absence of such an employment or consulting agreement: (A) any conviction
by a court of, or entry of a pleading of guilty or nolo
contendre by Participant with respect to, a felony or any lesser
crime involving moral turpitude or a material element of which is fraud or
dishonesty; (B) Participant’s willful dishonesty of a substantial nature
towards the Company and any of its Affiliates; (C) Participant’s use of alcohol
or drugs which materially interferes with the performance of his duties to the
Company and/or its Affiliates or which materially compromises the integrity and
reputation of Participant or the Company and/or its Affiliates; or (E) the
Participant’s material, knowing and intentional failure to comply with material
applicable laws with respect to the execution of the Company’s and its
Affiliates’ business operations.

 

(e)                                  Compliance
with Legal Requirements. The granting and exercising of the Option, and any
other obligations of the Company under this Agreement shall be subject to all
applicable laws, rules and regulations and to such approvals by any regulatory
or governmental agency as may be required. The Committee, in its sole
discretion, may postpone the issuance or delivery of Option Shares as the
Committee may consider appropriate and may require Participant to make such representations
and furnish such information as it may consider appropriate in connection with
the issuance or delivery of Option Shares in order to be in compliance with
applicable laws, rules and regulations.

 

(f)                                    Transferability.
The Option shall not be transferable by Participant other than by will or the
laws of descent and distribution.

 

(g)                                 Rights
as Shareholder. If the Option (or portion thereof) is exercised following
the IPO, Participant shall not be deemed for any purpose to be the owner of any
Shares subject to the Option unless, until and to the extent that (i) the
Option shall have been exercised pursuant to its terms, (ii) the Company shall
have issued and delivered to Participant the Option Shares, and (iii)
Participant’s name shall have been entered as a shareholder with respect to
such Option Shares on the books of the Company. If the Option (or portion
thereof) is exercised prior to the IPO, any Option Shares for which the Option
is exercised shall be issued and delivered to the Fiduciary, the Fiduciary’s
name shall be entered as the holder of such Option Shares on the books of the
Company, such Option Shares shall be voted in accordance with the Fiduciary

 

4

 

Agreement, and the Fiduciary shall hold such Option Shares (and any
dividends relating to such Option Shares that are paid in Shares) for the
benefit of Participant until such time as the Company is no longer a Societé à Responsabilité Limitée organized under the laws of
the Grand Duchy of Luxembourg (or, if deemed necessary by the Company, on such
later date on which the Company ceases to be a Societé d’Investissement
en Capital à Risque organized under the laws of the Grand Duchy of
Luxembourg).

 

(h)                                 Required
Withholding. Upon exercise of the Option, Participant must pay in the form
of a check or cash or other cash equivalents to the Company any such additional
amount as the Company determines that it is required to withhold under
applicable laws in respect of the exercise of Option Shares by Participant or
by the Fiduciary on behalf of Participant; provided that the Committee
may, in its sole discretion, allow such withholding obligation to be satisfied
by any other method described in Section 8(d) of the Plan.

 

4.                                       Miscellaneous.

 

(a)                                  Notices.
All notices, demands and other communications provided for or permitted
hereunder shall be made in writing and shall be by registered or certified
first-class mail, return receipt requested, telecopier, courier service or
personal delivery:

 

if to the Company:

 

Genpact Global Holdings SICAR S.á.r.l.

65 boulevard Grande-Duchesse Charlotte

L-1331 Luxembourg

Attn: Secretary

 

with a copy to:

 

Genpact US Holdings, Inc.

1251 Avenue of the Americas

41st Floor

New York, NY 10020

Attention: Legal Department

 

if to Participant, at Participant’s last known address
on file with the Company;

 

if to the Fiduciary, at
the address set forth in the Fiduciary Agreement.

 

All such notices, demands
and other communications shall be deemed to have been duly given when delivered
by hand, if personally delivered; when delivered by courier, if delivered by
commercial courier service; five (5) business days after being deposited in

 

5

 

the mail, postage
prepaid, if mailed; and when receipt is mechanically acknowledged, if
telecopied.

 

(b)                                 Severability.
The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement,
and each other provision of this Agreement shall be severable and enforceable
to the extent permitted by law.

 

(c)                                  No
Rights to Employment. Nothing contained in this Agreement shall be
construed as giving Participant any right to be retained, in any position, as
an employee, consultant or director of the Company or its Affiliates or shall
interfere with or restrict in any way the right of the Company or its
Affiliates or Participant, which are hereby expressly reserved by each, to
terminate Participant’s employment or service at any time for any reason
whatsoever.

 

(d)                                 Beneficiary.
Participant may file with the Committee a written designation of a beneficiary
on such form as may be prescribed by the Committee and may, from time to time,
amend or revoke such designation. If no designated beneficiary survives
Participant, the executor or administrator of Participant’s estate shall be
deemed to be Participant’s beneficiary.

 

(e)                                  Successors.
The terms of this Agreement shall be binding upon and inure to the benefit of
the Company and its successors and assigns, and of Participant and the
beneficiaries, executors, administrators, heirs and successors of Participant.

 

(f)                                    Entire
Agreement. This Agreement, the Plan, the Fiduciary Agreement, the Stock
Purchase Agreement and the Shareholders Agreement contain the entire agreement
and understanding of the parties hereto with respect to the subject matter
contained herein and supersede all prior communications, representations and
negotiations in respect thereto.

 

(g)                                 Modifications.

 

(i)                                     Subject
to clause (ii) below, no change, modification or waiver of any provision of
this Agreement shall be valid unless the same be in writing and signed by the
parties hereto.

 

(ii)                                  If
any payments of money, delivery of Shares, other securities or benefits due to
Participant hereunder could cause the application of an accelerated or
additional tax under Section 409A of the Code, such payments, delivery of
Shares, other securities or benefits shall be deferred if deferral will make
such payment, delivery of shares or other benefits compliant under Section 409A
of the Code, otherwise such payment, delivery of Shares, other securities or
benefits shall be restructured, to the extent possible, in a manner, determined
by the Company and reasonably acceptable to Participant, that does not cause
such an accelerated or additional tax.

 

6

 

(h)                                 Governing
Law.  This Agreement shall be construed and interpreted in accordance
with the laws of the State of New York without regard to principles of
conflicts of law thereof, or principals of conflicts of laws of any other
jurisdiction which could cause the application of the laws of any jurisdiction
other than the State of New York.

 

(i)                                     Headings.
The headings of the Sections hereof are provided for convenience only and are
not to serve as a basis for interpretation or construction, and shall not
constitute a part, of this Agreement.

 

(j)                                     Registration
Rights. Promptly following an IPO, the Company shall register all the
Option Shares underlying the unexercised portion of the Option on Form S-8 (or
a successor or other available form).

 

(k)                                  No
Acquired Right. Participant acknowledges and agrees that this Option and
any similar awards the Company may in the future grant to Participant, even if
such awards are made repeatedly or regularly, and regardless of their amount,
(A) are wholly discretionary, are not a term or condition of employment and do
not form part of a contract of employment, or any other working arrangement,
between Participant and the Company or any Affiliate, (B) do not create any
contractual entitlement to receive future awards; and (C) do not form part of
salary or remuneration for purposes of determining pension payments or any
other purposes, including without limitation termination indemnities,
severance, resignation, redundancy, bonuses, long-term service awards, pension
or retirement benefits, or similar payments, except as otherwise required by
the applicable law of any governmental entity to whose jurisdiction the award
is subject.

 

(l)                                     Further
Assurances. Each of the Company and Participant shall execute such
documents and perform such further acts (including, without limitation,
obtaining any consents, exemptions, authorizations or other actions by, or
giving any notices to, or making any filings with, any the government of any
nation, state, city, locality or other political subdivision thereof, or any
court or arbitrator (whether or not related to any governmental entity), or any
entity exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to government, as may be reasonably
required or desirable to carry out or to perform the provisions of this
Agreement.

 

(m)                               Liquidity.
If, prior to an IPO, a Change in Control occurs that involves the direct or
indirect acquisition of the Common Stock of the Company by an entity that is
not a publicly traded company or an affiliate thereof, the Company, under the
supervision of the Committee, shall undertake to provide a fair and risk-adjusted
path to liquidity for Participant with respect to the Option Shares, either
upon or after the Change in Control. The liquidity opportunity described in the
immediately preceding sentence (i) may, but shall not be required to, involve
accelerated vesting of all or a portion of the Option and (ii) shall be fair to
the Participant relative to the direct or indirect shareholders of the Company
who are obtaining liquidity in the Change in Control, taking into account the
risks borne by Participant with regard to the portion of

 

7

 

the Option and the Options Shares as to which the liquidity opportunity
will not be realized at the time of the Change in Control. All determinations
of whether, when, and to what extent, the foregoing liquidity opportunity shall
be made available to Participant shall be made by the Committee in its sole and
absolute discretion.

 

(n)                                 Signature
in Counterparts. This Agreement may be signed in counterparts, each of
which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument.

 

8

 

IN WITNESS WHEREOF, the
parties hereto have executed this Stock Option Agreement as of the day first written
above.

 

	
   

  	
  GENPACT GLOBAL HOLDINGS SICAR

  S.à.r.l.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PARTICIPANT

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  
					

 

9

 

Exhibit A

 

 

NOTICE OF OPTION EXERCISE

 

PURSUANT TO THE GENPACT GLOBAL HOLDINGS

200[  ] STOCK OPTION PLAN

 

To
exercise your option (the “Option”) to purchase common stock (“Shares”)
of Genpact Global Holdings SICAR S.à.r.l. (the “Company”), please fill out this form and return it to the Secretary of the Company,
together with a check in the amount of the exercise price due, which
is the product of the number of Shares with respect to which you are exercising
the Option and the per share exercise price. You are not
required to exercise the Option with respect to all Shares thereunder. You also
must include in the check (or provide a separate check for) the amount of any
required withholding due in connection with your exercise, unless the Committee
administering the Genpact Global Holdings 200[ ] Stock Option Plan specifically
provides for such withholding obligation to be satisfied in a different manner.

 

I hereby exercise
my right to purchase          Shares
under the Option pursuant to the Stock Option Agreement between myself and the
Company, dated as of                       .
I am vested in the Option as to the Shares being purchased hereunder. I have
enclosed one or more checks to the Company covering both the exercise price of
U.S.$              
and the required withholding of U.S.$              .
(Please contact the office of the Secretary of the Company to determine the
amount of any required withholding.)

 

	
   

  	
  Signature:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Printed Name:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Social Security Number:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
   

  	
   

  	
   

  

 

A-1

 

Exhibit B

 

NOTICE OF OPTION TRANSFER AND INSTRUCTION TO EXERCISE OPTION

 

PURSUANT TO THE GENPACT GLOBAL HOLDINGS

200[ ] STOCK OPTION PLAN

 

To
exercise your option (the “Option”) to purchase common stock (“Shares”)
of Genpact Global Holdings SICAR S.à.r.l. (the “Company”), please fill out this form and return one copy to each of (i) MeesPierson
Intertrust (Luxembourg) S.A (the “Fiduciary”) and (ii) the Secretary of
the Company. You must also provide the Company with a check in the amount of
the exercise price due, which is the product of the number of Shares
with respect to which you are requesting that the Option be exercised and the
per share exercise price. The Option need not be exercised with respect to all
Shares thereunder. You must also include in the check (or provide a separate
check for) the amount of any required withholding due in connection with your
exercise, unless the Committee administering the Genpact Global Holdings 200[ ]
Stock Option Plan specifically provides for such withholding obligation to be
satisfied in a different manner.

 

I hereby transfer
my Option (or the applicable portion thereof) to the Fiduciary and instruct the
Fiduciary to exercise such Option (or portion thereof) to purchase         
Shares pursuant to the Stock Option Agreement between myself and the Company,
dated as of                       .
I am vested in the Option as to the Shares being purchased hereunder. I have
enclosed one or more checks to the Company covering both the exercise price of
U.S.$              
and the required withholding of U.S.$              .
(Please contact the office of the Secretary of the Company to determine the
amount of any required withholding.)

 

	
   

  	
  Signature:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Printed Name:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
   

  	
   

  	
   

  

 

B-1

 

Exhibit C

 

JOINDER AGREEMENT

 

This Joinder Agreement (this “Joinder Agreement”)
is made as of the date written below by the undersigned (the “Joining Party”)
in accordance with the Amended and Restated Shareholders Agreement dated as of
December 16, 2005 (the “Shareholders Agreement”) among GENPACT
INVESTMENT CO., a
Luxembourg société à responsabilité limiteé, GENPACT GLOBAL (LUX), a Luxembourg société à
responsabilité limiteé, GENPACT GLOBAL HOLDINGS SICAR S.à.r.l., a Luxembourg société à
responsabilité limiteé, GE CAPITAL INTERNATIONAL (MAURITIUS), a
Mauritius corporation and the other signatories thereto, as the same may be
further amended from time to time. Capitalized terms used, but not defined,
herein shall have the meaning ascribed to such terms in the Shareholders
Agreement.

 

The Joining Party hereby acknowledges, agrees and
confirms that, by its execution of this Joinder Agreement, the Joining Party
shall be deemed to be a party to and “Shareholder” under the Shareholders
Agreement as of the date hereof and shall have all of the rights and
obligations of a Shareholder as if it had executed the Shareholders Agreement. The
Joining Party hereby ratifies, as of the date hereof, and agrees to be bound
by, all of the terms, provisions and conditions contained in the Shareholders
Agreement.

 

IN WITNESS WHEREOF, the undersigned has executed this
Joinder Agreement as of the date written below.

 

Date:                           
      , 

 

	
   

  	
  [NAME OF JOINING PARTY]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
  Address for Notices:

  

 

 

AGREED
ON THIS [      ] day of [                  ],
200[  ]:

 

GENPACT
GLOBAL HOLDINGS

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

GENPACT
GLOBAL (LUX)

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

 

FORM OF AGREEMENT - TO BE SIGNED
UPON EXERCISE

 

EXHIBIT D

 

STOCK PURCHASE AGREEMENT

 

This STOCK PURCHASE AGREEMENT (the “Agreement”),
is made as of the date indicated on the signature page hereof by and between
Genpact Global Holdings SICAR, a Societé à Responsabilité
Limitée organized under the laws of the Grand Duchy of Luxembourg (the
“Company”), and the party identified on the signature page hereto (“Purchaser”).

 

WHEREAS, Purchaser desires to
acquire the number of shares of common stock of the Company (the “Shares”)
set forth on the Notice of Option Exercise or Notice of Option Transfer and
Instruction to Exercise Option, as applicable, to which the Agreement is
attached (the “Exercise Notice”) at the purchase price also set forth
thereon pursuant to Purchaser’s exercise of a stock option issued by the
Company to Purchaser pursuant to (i) the Stock Option Agreement between the
Company and the Purchaser dated as of                    
(the “Option Agreement”) and (ii) the Genpact Global Holdings 2005 Stock
Option Plan (the “Plan”) and the Company desires to issue said Shares to
Purchaser (or the Fiduciary, as applicable), subject to the restrictions on
transfer and rights hereinafter set forth; and

 

WHEREAS, the Company and
Purchaser desire to enter into this Agreement in order to (i) prevent the
transfer of the Shares to third parties who might not contribute to the
development and management of the Company’s business, and (ii) provide for
the future management and ownership of the Company; and

 

WHEREAS, to achieve these
objectives, the parties wish to impose certain restrictions on the transfer or
encumbrance of the Shares issued to Purchaser and to give the Company the right
to purchase the Shares in certain events.

 

NOW, THEREFORE, for and in
consideration of the premises and the covenants of the parties contained in
this Agreement, and for other good and valuable consideration, the receipt of
which is hereby acknowledged, the parties hereto, for themselves, their
successors and assigns, hereby agree as follows:

 

1.             Purchase
of Shares. In accordance with the applicable provisions of the Option
Agreement, Purchaser hereby subscribes for and, upon acceptance by the Company
hereof, shall purchase the Shares. The aggregate purchase price for the Shares
set forth in the Exercise Notice and the amount of any taxes and other
withholding required to be paid to the Company by Purchaser in connection with
such purchase shall be paid by Purchaser in the manner prescribed in the Option
Agreement. Upon receipt of payment by the Company for the Shares and for any
required withholding, (a) if no Fiduciary Agreement is in effect at the time
the Shares are purchased, the Company shall register the Purchaser in the share
register of the Company and issue to Purchaser one or more certificates in the
name of Purchaser for the Shares and (b) if a Fiduciary Agreement is in effect
at the time the Shares are purchased, the Company shall register the Fiduciary
in the share register of the Company and issue to the Fiduciary one or more

 

 

certificates in the name of the Fiduciary for the Shares and the
Fiduciary shall hold such Shares for the benefit of Purchaser until such time
as the Company is no longer a Societé à Responsabilité
Limitée organized under the laws of the Grand Duchy of Luxembourg
(or, if deemed necessary by the Company, on such later date on which the
Company ceases to be a Societé d’Investissement
en Capital à Risque organized under the laws of the Grand Duchy of
Luxembourg). Purchaser (and, if applicable, the Fiduciary, who shall also
become a party to this Agreement immediately following the execution of a
Fiduciary Agreement by the Company, Purchaser and the Fiduciary) agrees that
the Shares shall be subject to all terms and conditions of this Agreement, the
Shareholders Agreement, and, if applicable, the Fiduciary Agreement.
Capitalized terms used in this Agreement and not otherwise defined shall have
the definitions set forth in the Option Agreement or the Plan, as applicable.

 

2.             Call
Option.

 

(a)           If Purchaser’s employment with the
Company and its Affiliates is terminated for any reason (or no reason) at any
time prior to the 30-day period preceding a Change in Control, the Company
shall have the right and option (the “Call Option”), but not the
obligation, to purchase from Purchaser (or the Fiduciary, as applicable) any or
all of the Shares. The purchase price of each Share shall be the Fair Market
Value of one share of the Stock on the date the Call Option is exercised (the “Call
Price”). Notwithstanding the foregoing, if the Purchaser’s employment is
terminated by the Company for Cause (as defined in the Option Agreement), the
Call Price shall be the lesser of (i) Fair Market Value and (ii) the per Share
exercise price set forth in the Option Agreement. In the event that Purchaser’s
employment with the Company and its Affiliates is terminated due to Purchaser’s
death, all references to “Purchaser” for purposes of this Section 2 (other than
those relating to termination of employment) shall include the administrator of
Purchaser’s estate.

 

(b)           The Company may exercise the Call
Option by delivering or mailing to Purchaser or the Fiduciary (with a copy to
Purchaser), as applicable, in accordance with Section 11 of this
Agreement, written notice of exercise (a “Call Notice”) at any time
following the termination of Purchaser’s employment with the Company. The Call
Notice shall specify the date thereof, the number of Shares to be purchased and
the Call Price. Notwithstanding the above, the Company’s right to exercise the
Call Option shall be suspended for six months and one day following the issuance
of the Shares subject to the Call Option or such other period of time, if any,
deemed necessary by the Committee in order for the Company to comply with
applicable accounting rules and other laws.

 

(c)           Within ten (10) days after
Purchaser’s (or the Fiduciary’s, as applicable) receipt of the Call Notice,
Purchaser (or the Fiduciary, as applicable) shall tender to the Company at its
principal office the certificate or certificates representing the Shares which
the Company has

 

2

 

elected to purchase, duly endorsed in blank by
Purchaser (or the Fiduciary, as applicable) all in form suitable for the
transfer of such shares to the Company. Upon its receipt of such shares, the
Company shall pay to Purchaser the aggregate Call Price therefor.

 

(d)           The aggregate Call Price may be
payable, at the option of the Company, (i) in cancellation of all or a
portion of any outstanding indebtedness of Purchaser to the Company,
(ii) in cash (by check or wire transfer), or (iii) any combination of
(i) or (ii).

 

(e)           The Company will be entitled to
receive customary representations and warranties from Purchaser (or the
Fiduciary, as applicable) regarding the sale of the Shares pursuant to the
Company’s exercise of the Call Option as may be reasonably requested by the
Company, including but not limited to the representation that Purchaser (or the
Fiduciary, as applicable) has good title to the Shares to be transferred free
and clear of all liens, claims and other encumbrances.

 

(f)            If the Company delivers a Call
Notice as to any Shares, then from and after the time of delivery of the Call
Notice Purchaser (and the Fiduciary, as applicable) shall no longer have any
rights as a holder of the Shares subject thereto (other than Purchaser’s right
to receive payment of the Call Price in accordance with this Section 1),
and such Shares shall be deemed purchased in accordance with the applicable
provisions hereof and the Company shall be deemed to be the owner and holder of
such Shares.

 

(g)           Any Shares as to which the Call
Option is not exercised will remain subject to all terms and conditions of the
Plan, the Fiduciary Agreement and this Agreement, including the continuation of
the Company’s right to exercise the Call Option.

 

3.             Drag
Along Rights. If the Company or its shareholders have received from a
person or entity which is not an affiliate of the Company a bona fide written offer to purchase (a “Drag-Along Sale”)
(i) 30% or more of the issued and outstanding shares of Stock or
(ii) shares of the Company’s equity securities entitled to vote in the
election of directors (“Company Voting Securities”) representing 30% or
more of the voting power of all Company Voting Securities, the Company shall
have the right, but not the obligation (the “Drag-Along Right”) to
deliver a written notice (a “Drag Along Notice”) to Purchaser (or the
Fiduciary with a 

copy to Purchaser, as applicable) stating that it or its shareholders
proposes to effect such transaction, and specifying the percentage of the issued
and outstanding shares of Stock or Company Voting Securities, as applicable,
proposed to be subject to such transaction, the name and address of the
proposed parties to such transaction and the consideration payable in
connection therewith. Purchaser (or the Fiduciary, as applicable) agrees that,
upon receipt of a Drag Along Notice, Purchaser (or the Fiduciary, as
applicable) shall, at the option of the Company, sell at the same time as the
other shareholders sell their shares, a

 

3

 

corresponding percentage (based of the percentage of Stock or Company
Voting Securities subject to such transaction, as applicable) of the number of
Shares then held by Purchaser (or the Fiduciary, as applicable) upon terms and
conditions which, in the aggregate, are no less favorable to Purchaser (or the
Fiduciary, as applicable) than the terms and conditions applicable to the sale
of shares of Stock or Company Voting Securities by Company shareholders in the
Drag-Along Sale; and Purchaser (or the Fiduciary, as applicable) shall
otherwise take all reasonable actions including, without limitation, entering
into agreements similar to those to be entered into by other Company
shareholders, necessary to consummate the Drag-Along Sale (excluding any
indemnification, contribution or similar obligations or agreements not
specifically relating to a breach of any representation or warranty by
Purchaser or the Fiduciary, as applicable, as to Purchaser’s or the
Fiduciary’s, as applicable, ownership of or ability to transfer the Shares
subject to the Drag-Along Sale). The consideration shall be in the form of
cash, equity or debt securities (whether or not publicly traded) or a
combination thereof (but such consideration shall be in the same form and the
same proportion as that applicable to the sale of shares of Stock or Company
Voting Securities, as applicable, by the other Company shareholders in the
Drag-Along Sale). Purchaser (or the Fiduciary, as applicable) will use
Purchaser’s (or the Fiduciary’s, as applicable) best commercial efforts to
cooperate in any such transaction and will take all necessary and desirable
actions in connection with the Drag-Along Sale as are reasonably requested by
the Company or the Board, including, without limitation, the execution of an
agreement to effect the foregoing in form and substance reasonably satisfactory
to the Company and the person or entity making the offer to purchase the Stock
or Company Voting Securities, as applicable (excluding any indemnification,
contribution or similar obligations or agreements not specifically relating to
a breach of any representation or warranty by Purchaser or the Fiduciary, as
applicable, as to Purchaser’s or the Fiduciary’s as applicable, ownership of or
ability to transfer the Shares subject to the Drag-Along Sale). The Company and
its shareholders shall have no liability to Purchaser (and the Fiduciary, as
applicable) if the transaction described in the Drag Along Notice fails to
occur for any reason. Any Shares which are not sold pursuant to this
Section 3 shall remain subject to all other terms and conditions of the
Plan and this Agreement, including the continuation of the Company’s right to
exercise the Drag-Along Right and Purchaser’s (or the Fiduciary’s, as applicable)
rights under Section 4.

 

4.             Tag-Along
Rights. Other than in connection with the exercise of a Drag-Along Right,
if the Company or its shareholders have received from a person or entity which
is not an affiliate of the Company a bona fide
written offer to purchase (a “Tag-Along Sale”) (i) 30% or more of the
issued and outstanding shares of Stock or (ii) shares of the Company Voting
Securities representing 30% or more of the voting power of all Company Voting
Securities, the Company shall, prior to accepting such offer, arrange for the
proposed purchaser(s) to make a bona fide offer
to purchase a corresponding percentage (based of the percentage of Stock or
Company Voting Securities subject to such transaction, as applicable) of the
number of Shares then held by Purchaser (or the Fiduciary on behalf of
Purchaser) upon terms and conditions which, in the aggregate, are no less
favorable to Purchaser than the terms and conditions offered by the proposed
purchaser(s) to the Company or its shareholders in the Tag-Along Sale. The
Company shall deliver a written notice (a “Notice”) to Purchaser (or the
Fiduciary with a

 

4

 

copy to Purchaser, as applicable) stating that it or its shareholders
proposes to accept such offer, and specifying the number of Shares Purchaser
(or the Fiduciary on behalf of Purchaser) may sell, the name and address of the
proposed parties to such transaction and the consideration payable in
connection therewith. Upon receipt of the Notice, Purchaser (or the Fiduciary
on behalf of Purchaser) may exercise Purchaser’s (or the Fiduciary’s, as
applicable) right to sell such Shares by delivery, not later than 10 days after
receipt of the Notice, a written notice (the “Tag-Along Notice”) to the
Company, which shall state the maximum number of Shares that Purchaser (or the
Fiduciary acting on behalf of Purchaser) wishes to include in the sale. The
consideration shall be in the form of cash, equity or debt securities (whether
or not publicly traded) or a combination thereof (but such consideration shall
be in the same form and the same proportion as that applicable to the sale of
shares of Stock or Company Voting Securities, as applicable, by the other
Company shareholders in the Tag-Along Sale). Purchaser (or the Fiduciary, as
applicable) will use Purchaser’s (or the Fiduciary’s, as applicable) best
commercial efforts to cooperate in any such transaction and will take all
necessary and desirable actions in connection with the Tag-Along Sale as are reasonably
requested by the Company or the Board, including, without limitation, the
execution of an agreement to effect the foregoing in form and substance
reasonably satisfactory to the Company and the person or entity making the
offer to purchase the Stock or Company Voting Securities, as applicable
(excluding any indemnification, contribution or similar obligations or
agreements not specifically relating to a breach of any representation or
warranty by Purchaser or the Fiduciary, as applicable, as to Purchaser’s or the
Fiduciary’s as applicable, ownership of or ability to transfer the Shares
subject to the Tag-Along Sale). The Company and its shareholders shall have no
liability to Purchaser (and the Fiduciary, as applicable) if the transaction
described in the Tag-Along Notice fails to occur for any reason. Any Shares
which are not sold pursuant to this Section 4 shall remain subject to all other
terms and conditions of this Agreement, including the continuation of the
Company’s right to exercise the Drag-Along Right and Purchaser’s (or the
Fiduciary’s, as applicable) rights under this Section 4.

 

5.             Restrictions
on Transfer. Other than as explicitly described in this Agreement or the
Fiduciary Agreement, neither the Fiduciary, the Purchaser nor any transferee of
the Purchaser (including any beneficiary, executor or administrator) shall
assign, alienate, pledge, attach, sell or otherwise transfer or encumber the
Shares.

 

6.             Compliance
With Agreement. The Company shall not be required to transfer any Shares upon
its books or to recognize any purported new transferee thereof in any manner,
unless a shareholder meeting shall have approved the transfer to the transferee
and every applicable provision of this Agreement has first been complied with
to the satisfaction of the Company or has been waived in writing by the
Company. The provisions of this Agreement shall not be discharged with respect
to any Shares by any transfer made in compliance with this Agreement but shall
apply anew to such shares in the hands of the new transferee thereof. If the
Fiduciary, Purchaser or any legal representative or any transferee of either
attempts to transfer any of the Shares without compliance with the requirements
and restrictions of this Agreement, the Fiduciary or Purchaser, as applicable,
shall not, until full compliance therewith, be entitled to any of the rights
and privileges of a shareholder of the Company, and no person purporting to

 

5

 

claim or hold by, through or under the Fiduciary or Purchaser, as
applicable, shall in any way be recognized; but this provision shall in no way
relieve the Fiduciary or Purchaser, as applicable, or any legal representative
or any transferee of either from the obligation to offer, transfer or sell the
Shares to the Company as herein provided.

 

7.             Adjustments
for Stock Splits, Stock Dividends, etc.

 

(a)           If from time to time during the term
of this Agreement there is any stock split-up, stock dividend, stock
distribution or other reclassification of the Shares, any and all new,
substituted or additional securities to which Purchaser (or the Fiduciary
holding for the benefit of Purchaser) is entitled by reason of Purchaser’s (or
the Fiduciary’s, as applicable) ownership of the Shares shall be immediately
subject to the terms of this Agreement.

 

(b)           If the Shares are converted into or
exchanged for, or shareholders of the Company receive by reason of any
distribution in total or partial liquidation, securities of another
corporation, or other property (including cash), pursuant to any merger of the
Company or acquisition of its assets, then the rights of the Company under this
Agreement shall inure to the benefit of and be binding upon the Company’s
successor and this Agreement shall apply to the securities or other property
received upon such conversion, exchange or distribution in the same manner and
to the same extent as the Shares.

 

8.             Severability.
The invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement,
and each other provision of the Agreement shall be severable and enforceable to
the extent permitted by law.

 

9.             Waiver.
Any right of the Company contained in this Agreement may be waived in writing
by the Committee. No waiver of any right hereunder by any party shall operate
as a waiver of any other right, or as a waiver of the same right with respect
to any subsequent occasion for its exercise, or as a waiver of any right to
damages. No waiver by any party of any breach of this Agreement shall be held
to constitute a waiver of any other breach or a waiver of the continuation of
the same breach.

 

10.           Successors.
The terms of this Agreement shall be binding upon and inure to the benefit of
the Company, its successors and assigns, and of Purchaser and the
beneficiaries, executors, administrators, heirs and successors of Purchaser,
and, if applicable, of the Fiduciary and its successors and assigns.

 

11.           No
Rights to Employment, etc. Nothing contained in this Agreement shall be
construed as giving Purchaser any right to be retained, in any position, as an
employee, consultant or director of the Company (or its Affiliates) or shall
interfere with or restrict in any way the right of the Company (or its Affiliates)
or of

 

6

 

Purchaser, which are hereby expressly reserved by each, to terminate
Purchaser’s employment or service at any time for any reason whatsoever.

 

12.           Notices.
All notices, demands and other communications provided for or permitted
hereunder shall be made in writing and shall be by registered or certified
first-class mail, return receipt requested, telecopier, courier service or
personal delivery:

 

if to the Company:

 

Genpact Global Holdings SICAR

65 boulevard Grande-Duchesse

Charlotte

L-1331 Luxembourg

Attn:  Secretary

 

if to Purchaser, at Purchaser’s last known address on
file with the Company;

 

if to the Fiduciary, at
the address set forth in the Fiduciary Agreement.

 

All
such notices, demands and other communications shall be deemed to have been
duly given when delivered by hand, if personally delivered; when delivered by
courier, if delivered by commercial courier service; five (5) business days
after being deposited in the mail, postage prepaid, if mailed; and when receipt
is mechanically acknowledged, if telecopied.

 

13.           Pronouns.
Whenever the context may require, any pronouns used in this Agreement shall
include the corresponding masculine, feminine or neuter forms and the singular
form of nouns and pronouns shall include the plural, and vice versa.

 

14.           Modifications.

 

(a)           Subject to Section 14(b) below, no
change, modification or waiver of any provision of this Agreement shall be
valid unless the same be in writing and signed by the parties hereto.

 

(b)           If any payments of money, delivery of
Shares, other securities or benefits due to Purchaser hereunder could cause the
application of an accelerated or additional tax under Section 409A of the Code,
such payments, delivery of Shares, other securities or benefits shall be
deferred if deferral will make such payment, delivery of shares or other
benefits compliant under Section 409A of the Code, otherwise such payment,
delivery of Shares, other securities or benefits shall be restructured, to the
extent possible, in a manner, determined by the Company and reasonably
acceptable to Purchaser, that does not cause such an accelerated or additional
tax.

 

7

 

15.           Construction.
This Agreement and all matters connected therewith shall be construed and all
questions shall be determined by the Committee acting in its sole discretion
and the decisions of the Committee shall be binding upon all interested
parties.

 

16.           Entire
Agreement; Conflicts. This Agreement, together with the  Option Agreement, contains the entire
agreement and understanding of the parties hereto with respect to the subject
matter contained herein and therein and supersedes all prior communications, representations
and negotiations in respect thereto. In the event of a conflict between any
term or provision of this Agreement and any term or provision of the Option
Agreement, the applicable terms and provisions of this Agreement will govern
and prevail.

 

17.           GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE
WHOLLY PERFORMED WITHIN THAT STATE, WITHOUT REGARD TO ITS CONFLICT OF LAWS
PROVISIONS OR THE CONFLICT OF LAWS PROVISIONS OF ANY OTHER JURISDICTION WHICH
WOULD CAUSE THE APPLICATION OF ANY LAW OTHER THAN THAT OF THE STATE OF NEW YORK
SAVE THAT ANY MATTERS PERTAINING TO THE PERFECTION OF SHARE TRANSFERS,
SHAREHOLDER MEETINGS AND CORPORATE MATTERS OF THE COMPANY SHALL BE GOVERNED BY
THE SUBSTANTIVE LAWS OF THE GRAND DUCHY OF LUXEMBOURG.

 

18.           Headings.
The headings of the Sections hereof are provided for convenience only and are
not to serve as a basis for interpretation or construction, and shall not
constitute a part, of this Agreement.

 

19.           Termination.
This Agreement shall cease to apply and shall be of no further force or effect
immediately upon (i) an IPO or (ii) a written agreement to such
effect between the Company and Purchaser (and the Fiduciary, if applicable).

 

20.           Further
Assurances. Each of the Company, Purchaser, and, if applicable, the
Fiduciary, shall execute such documents and perform such further acts
(including, without limitation, obtaining any consents, exemptions,
authorizations or other actions by, or giving any notices to, or making any
filings with, any the government of any nation, state, city, locality or other
political subdivision thereof, or any court or arbitrator (whether or not
related to any governmental entity), or any entity exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining
to government, as may be reasonably required or desirable to carry out or to
perform the provisions of this Agreement.

 

21.           Signature
in Counterparts. This Agreement may be signed in counterparts, each of
which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument.

 

8

 

IN
WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the day and the year written below.

 

	
  Genpact Global
  Holdings SICAR

  	
  [Name]

  
	
  (the Company)

  	
  (the Purchaser)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  
					

 

 

MeesPierson Intertrust
(Luxembourg) S.A.

(the Fiduciary)

 

	
   

  	
   

  	
   

  
	
  By:

  
	
  Title:

  
	
   

  
	
   

  
	
  Date: 

  	
   

  	
   

  	
   

  
				

 

9

 

	
  FINAL 

  
	
   

  
	
  FIDUCIARY AGREEMENT

  
	
  DATE                       
  200  

  
	
  Between

   

  as Principal

   

  and

   

  Bank
  Sal. Oppenheim jr. & Cie. (Luxembourg) S.A.

  as Fiduciary

   

  and

   

  Genpact Global
  Holdings SICAR S. à r. l

  as the Company

   

   

  A L L E N  &  O V E R Y

  L U X E M B O U
  R G

  

 

 

CONTENTS

 

	
  Clause

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
   

  	
  Interpretation

  	
   

  	
  3

  
	
  2.

  	
   

  	
  Fiduciary Assets (actif fiduciaire)

  	
   

  	
  6

  
	
  3.

  	
   

  	
  Fiduciary Instructions (passif fiduciaire)

  	
   

  	
  7

  
	
  4.

  	
   

  	
  No Payment in respect of
  Fiduciary Assets

  	
   

  	
  8

  
	
  5.

  	
   

  	
  Administration

  	
   

  	
  8

  
	
  6.

  	
   

  	
  Taxes and Expenses

  	
   

  	
  8

  
	
  7.

  	
   

  	
  Change of Fiduciary,
  Termination Event

  	
   

  	
  9

  
	
  8.

  	
   

  	
  Representations and
  Warranties of the Principal

  	
   

  	
  9

  
	
  9.

  	
   

  	
  Representations and
  Warranties of the Fiduciary

  	
   

  	
  10

  
	
  10.

  	
   

  	
  Undertakings of the
  Principal

  	
   

  	
  11

  
	
  11.

  	
   

  	
  Undertakings of the
  Fiduciary

  	
   

  	
  11

  
	
  12.

  	
   

  	
  Duration

  	
   

  	
  12

  
	
  13.

  	
   

  	
  Indemnities

  	
   

  	
  12

  
	
  14.

  	
   

  	
  Remuneration

  	
   

  	
  12

  
	
  15.

  	
   

  	
  Fiduciary’s Liability

  	
   

  	
  12

  
	
  16.

  	
   

  	
  Evidence and Calculations

  	
   

  	
  13

  
	
  17.

  	
   

  	
  Waivers and Remedies
  Cumulative

  	
   

  	
  13

  
	
  18.

  	
   

  	
  Assignment

  	
   

  	
  13

  
	
  19.

  	
   

  	
  Severability

  	
   

  	
  13

  
	
  20.

  	
   

  	
  Notices

  	
   

  	
  14

  
	
  21.

  	
   

  	
  Language

  	
   

  	
  15

  
	
  22.

  	
   

  	
  Jurisdiction and Governing
  Law

  	
   

  	
  15

  
	
  23.

  	
   

  	
  Counterparts

  	
   

  	
  15

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Signatories

  	
   

  	
  16

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.

  	
   

  	
  Stock Purchase Agreement

  	
   

  	
  17

  
	
  2.

  	
   

  	
  Stock Option Agreement

  	
   

  	
  18

  
	
  3.

  	
   

  	
  Schedule of
  options in respect of the principal

  	
   

  	
  19

  
	
  4.

  	
   

  	
  Form of Share Transfer
  Agreement

  	
   

  	
  20

  
	
  5.

  	
   

  	
  Beneficial
  Owner and well-informed Investor Assessment Form

  	
   

  	
  23

  
	
  6.

  	
   

  	
  Fee
  Letter

  	
   

  	
  24

  
	
  7.

  	
   

  	
  Shareholders’
  Agreement

  	
   

  	
  25

  

 

2

 

THIS
FIDUCIARY AGREEMENT dated       
                        
200    is made between:

 

(1)                                                      ,
former employee of Genpact (the  Principal);

 

(2)                                 Bank Sal. Oppenheim jr.
& Cie. (Luxembourg) S.A., a
credit institution organised as a public limited company duly incorporated
under the laws of Luxembourg, with registered office at 4, rue Jean Monnet, L - 2180 Luxembourg, being registered with the Luxembourg trade and companies register under
number B 44.365 (the
Fiduciary); and

 

(3)                                 Genpact Global Holdings SICAR S. à r. l. a company incorporated under
the laws of Luxembourg, having its registered office at 23, Avenue Monterey in
L-2086, Luxembourg and registered with the Luxembourg Trade and Companies
Register under number 104.548 (the Company).

 

WHEREAS:

 

(A)                               The board of managers of the Company has approved the ESOP on 5 April
2005.

 

(B)                               It is a condition under the ESOP that the Options be exercised only in
accordance with this Agreement in order to address a number of Luxembourg
company law and regulatory issues.

 

(C)                               The Parties wish to enter this (contrat fiduciaire)
governed by the Luxembourg act dated 27 July 2003 relating to trust and
fiduciary contracts (Fiduciary Act 2003)
in order for the Fiduciary to hold title to those Shares of the Company (as
defined hereafter) which the Company will issue upon the exercise of the
Options and the payment of the Subscription Price to the Company.

 

(D)                               the other beneficiaries of the ESOP have entered and/or will enter into
an identical Fiduciary Agreement in order to exercise their Options.

 

IT
IS AGREED as follows:

 

1.                                      INTERPRETATION

 

1.1                               Definitions

 

In
this Agreement:

 

Administrator
means Mrs. Eileen S. Silvers or such other person or persons designated by the
Company from time to time.

 

Agreement means this Fiduciary Agreement.

 

Business Day means a day other than a Saturday or Sunday or a public holiday in the
City of Luxembourg, Luxembourg.

 

Clause means a clause or a sub-clause of this Agreement.

 

3

 

Commencement Date means the first date on which the Principal exercises any of the
Options.

 

Company means Genpact Global Holdings SICAR S. à r. l., a limited liability
company duly incorporated under the laws of Luxembourg, with registered office
at 23, Avenue Monterey, L-2086 Luxembourg and registered with the Luxembourg
Trade and Companie’s Register under number 104.548.

 

ESOP means the employee stock option plan of the
Company in respect of the employees of Genpact as in effect from time to time.

 

Exit means any of (i)
an IPO of the Company, Genpact Global (Lux) or any successor entity of either
of such companies, (ii) the disposal by the Company of all or substantially all
of the assets of the Company, (iii) an expatriation of the Company by way of
transfer of the Company outside Luxembourg and (iv) the Company ceasing to be a
SICAR and converting into a société anonyme
or a société en commandite par actions.

 

Fiduciary Assets means the Initial Fiduciary Assets and the Subsequent Fiduciary Assets.

 

Genpact means the Company and its Subsidiaries from time to time.

 

Genpact Global (Lux) means a limited liability company duly incorporated under the law of
Luxembourg, with registered office at 23, Avenue Monterey in L-2086 Luxembourg,
registered with the Luxembourg Trade and Company Register under B 104.547.

 

Global Fiduciary Agreement means the Fiduciary Agreement concluded by
each of the ESOP beneficiaries, taken collectively, for the purposes of
identification under Clause 2 and remuneration under Clause 14, as per the
Commencement Date of the first Fiduciary Agreement until the termination of the
last Fiduciary Agreement.

 

Initial Fiduciary Assets means those Options set out in Schedule 3 hereof entrusted by the
Principal to the Fiduciary and, upon the issuance of the Shares as a result of
the exercise of the Options and the payment of the Subscription Price, the
Shares.

 

IPO means the first underwritten public offering
of whole or part of the equity securities of the Company, Genpact Global (Lux)
or any successor entity of either of such companies.

 

Luxembourg means the Grand Duchy of Luxembourg.

 

Majority Shareholder means the majority shareholder of the Company
being Genpact Global (Lux) or, as the case may be, any successor or transferee
thereof.

 

Options means those options to subscribe for Shares of the Company issued from
time to time by the Company to and vested in the Principal and transferable by
the Principal to the Fiduciary, it being understood that one Option shall
entitle its holder to subscribe for one Share of the Company.

 

Party or Parties means respectively the
Principal or the Fiduciary, or the Principal and the Fiduciary.

 

Proceeds means any dividend payments as well as any other payments received by
the Fiduciary from the Company in respect of the Shares and the Options.

 

4

 

Qualified Bank means a credit institution, which is authorised to act as a fiduciary
agent (fiduciaire) in accordance with the
Fiduciary Act 2003.

 

Shareholders Agreement means the amended and restated shareholders agreement dated as of 16
December 2005 between inter alia, the
Company, Genpact Global (Lux) and the other shareholder parties thereto and
which is Schedule 7 hereto, as such agreement may be further amended from time
to time.

 

Shares means the Common Stock of the Company of a nominal value of USD 31
each.

 

Stock Option Agreement means the agreement between the Company and the Principal which defines
the rights and obligation of the parties and which is Schedule 2 hereto.

 

Stock Purchase Agreement means the agreement between the Company and the Principal which sets
forth certain transfer restrictions and which is Schedule 1 hereto.

 

Subsequent Fiduciary Assets means any Options (other than Options entrusted by the Principal to the
Fiduciary as Initial Fiduciary Assets) entrusted by the Principal to the
Fiduciary next to cash equal to the Subscription Price and, upon the issuance
of the Shares as a result of the exercise of the Options and the payment of the
Subscription Price, the Shares relating thereto.

 

Subscription Price means the price that has been set forth in the Stock Option Agreement
with respect to any Principal, as applicable from time to time. The
Subscription Price is payable upon the exercise of an Option.

 

Subsidiary of a person means  any company or
entity directly or indirectly controlled by such person, and for this purpose, “control”
means the ability of such person, whether through ownership of shares or other
ownership interests or through contractual or other arrangements, to hold a
majority of voting rights at meetings of the board of directors, the
shareholders or other governing bodies of such company or entity.

 

Taxes means any taxes, duties, levies or withholdings applied or to be
applied by any jurisdiction or any subdivision thereof, regardless of whether
an assessment notice or similar document has been issued or not.

 

USD means United States dollars.

 

1.2                               Construction

 

(a)                                 In this Agreement, unless the contrary intention appears, a reference
to:

 

(i)                                     an amendment includes a supplement, novation
or re-enactment and amended is to be construed accordingly;

 

assets includes present and future properties, revenues and rights of every
description;

 

an authorisation includes an authorisation, consent, approval,
resolution, licence, exemption, filing, registration or notarisation;

 

5

 

a person includes any individual, company, unincorporated
association or body of persons (including a partnership, joint venture or
consortium), government, state, agency, international organisation or other
entity;

 

a regulation includes any regulation, rule, official
directive, request or guideline (whether or not having the force of law) of any
governmental, inter-governmental or supranational body, agency, department or
regulatory, self-regulatory or other authority or organisation;

 

(ii)                                  a provision of law is a reference to that provision as amended or
re-enacted;

 

(iii)                               a person includes its successors, transferees and assignees;

 

(iv)                              this Agreement or another document is a reference to this Agreement or
that other document as amended, novated or supplemented.

 

(b)                                 The index to and the headings in this Agreement are for convenience only
and are to be ignored in construing this Agreement.

 

2.                                      FIDUCIARY ASSETS (ACTIF FIDUCIAIRE)

 

Subject
to the terms of this Agreement, on the Commencement Date and upon the Principal
having given notice to the Company of his or her intention to exercise any or
all  of the Principal’s Options at a
later date, and/or any subsequent date, the Principal acting as fiduciant shall transfer to the Fiduciary acting as fiduciaire the Options and transfer the Subscription Price
to the Fiduciary.

 

Upon
such receipt and under the condition precedent that the Beneficial Owner and
well-informed Investor Assessment Form (schedule 5) has been duly completed,
the Fiduciary shall promptly (i) exercise all the Options so received, (ii)
transfer the Subscription Price to an account of the Company designated to that
effect and (iii) do all requisite corporate formalities which shall be required
from a subscriber under Luxembourg company law and the articles of the Company
so as to validly receive the Shares of the Company issued upon the exercise of
the Options.

 

The
Fiduciary will further receive from the Principal, from time to time, the
Subsequent Fiduciary Assets.

 

The
Fiduciary Assets will, by virtue of the Fiduciary Act 2003 to which this
Agreement is subject and by which it is expressly governed, come into the legal
ownership of the Fiduciary. The Fiduciary Assets shall constitute a fiduciary
asset (actif fiduciaire), which in the books of
the Qualified Bank will be kept separate from any and all of the other assets
of the Fiduciary.

 

2.1                               The Initial Fiduciary Assets shall be transferred to the Fiduciary,
subject to the receipt by the Fiduciary of the following documents in form and
substance reasonably satisfactory to it:

 

(a)                                 a certified true copy of the passport of the Principal;

 

(b)                                 the Identification of Beneficial Owner and Well-informed Investor Assessment
Form duly completed; and

 

(c)                                  a copy of the Stock Option Agreement.

 

6

 

2.2                               As from the day of transfer to the Fiduciary of the assets set out in
Clause 2.1 above as well as the documents set out in Clause 2.2 above and
subject to the instructions mentioned in Clause 3 below, the Principal will
have transferred finally and irrevocably all legal rights, benefits and control
of the Initial Fiduciary Assets to the Fiduciary for purposes of the present Agreement,
so that the Principal shall, as a result, have surrendered all rights and
control on the Initial Fiduciary Assets, and is irrevocably discharged of all
of its obligations and liabilities in relation to the Initial Fiduciary Assets.

 

3.                                      FIDUCIARY INSTRUCTIONS (PASSIF FIDUCIAIRE)

 

3.1                               Subject to the terms of this Agreement, the Principal expressly,
unconditionally and irrevocably, instructs the Fiduciary to act in accordance
with the procedure set out in Clause 2.1 and to apply the same procedure likewise
in respect of the Subsequent Fiduciary Assets, and to exercise its voting
rights in its capacity of holder of the Shares in accordance with the terms of
the articles of association of the Company as well as those of the Shareholders
Agreement and the Stock Purchase Agreement. The Principal hereby irrevocably
and unconditionally instructs the Fiduciary to vote the Shares in the same
sense as the Majority Shareholder for so long as this Agreement shall be in
effect.

 

The
Principal expressly accepts and acknowledges that it assumes all the risks
including for the avoidance of doubt commercial and financial risks in respect
of the Shares and/or any revenues derived therefrom.

 

3.2                               Upon convening notice being given by the Company to the Fiduciary, the
Fiduciary shall promptly inform the Administrator of any shareholders meeting
of the Company and communicate the meeting agenda to the Administrator within
five Business Days as from the receipt by the Fiduciary of the convening
notice. If the Fiduciary does not receive any convening notice from the
Company, it will not be under any obligation to inform the Administrator.

 

3.3                               The Fiduciary shall receive in case of splits or reverse splits or any
other corporate matter or reorganisation including for the avoidance of doubt
the allocation of shares for which no consideration has been paid, whether or
not received as a dividend in kind, always only those Shares of the Company as
shall be the result of such split, reverse split or effect of any other
corporate matter or reorganisation. The Shares so held however transformed
shall always be held by the Fiduciary for the benefit of the Principal in the
relative proportions of the Options and the Subscription Price entrusted to the
Fiduciary by the Principal.

 

In
case of the receipt by the Fiduciary of dividends in cash or dividends in kind
(other than additional free shares of the Company, i.e. in exchange of which no
consideration has been paid), the Fiduciary shall transfer such cash or in kind
dividends to the Principal in accordance with instructions to be received by
the Fiduciary from the Administrator.

 

3.4                               The Fiduciary incurs no other obligations by way of this Agreement other
than those described in this Agreement. The Fiduciary shall not be obliged to
take any measures other than those set out in this Agreement or recommended by
usual diligence, nor shall the Fiduciary when performing its duties be expected
to challenge any taxes or charges levied by the authority of a public body or
to oppose a seizure, an order or other restrictions determined by judicial
decision or by a public authority with respect to the Shares or payments in
respect thereto, without prejudice for Clause 11 (a).

 

7

 

The
execution of the fiduciary instructions set out in this Agreement by the
Fiduciary shall under no circumstances imply approval or disapproval or any
form of opinion as to the advisability, merits or legality of the actions
requested by the Principal under such instruction.

 

4.                                      NO PAYMENT IN RESPECT OF
FIDUCIARY ASSETS

 

The
Fiduciary shall not pay or transfer any Fiduciary Assets to any person except
at the times and in the manner expressly provided for in this Agreement.

 

5.                                      ADMINISTRATION

 

The
interests of the Principal shall, vis-à-vis the
Fiduciary, be represented by the Administrator.

 

In
its dealing with the Principal, the Fiduciary may validly rely on information
provided by the Administrator on behalf of the Principal.

 

When
giving notification to the Principal, the Fiduciary may notify the
Administrator only. The Administrator shall promptly communicate any such
notification to the Principal.

 

6.                                      TAXES AND EXPENSES

 

6.1                               The Company shall after 10 (ten) Business Days notice, and upon due
justification, indemnify the Fiduciary, its officers, employees and agents
against any present or future claim or liability for taxes, levies, duties,
fees, deductions, withholdings or other charges (except any taxes on the
overall income of the Fiduciary) imposed in connection with the execution,
delivery or performance by the Fiduciary of its obligations and exercise of its
rights under this Agreement (and any agreement or document in connection
herewith).

 

6.2                               The Company shall after 10 (ten) Business Days notice, and upon due
justification, reimburse the Fiduciary for all reasonable costs and expenses
incurred by the Fiduciary, and any additional cost, and expenses incurred by
reason of any change in applicable law, regulation or regulatory requirement
(whether or not having the force of law) or in the interpretation thereof by
any relevant authority charged with the administration thereof reserve, special
deposit or similar requirements affecting the Fiduciary.

 

6.3                               Except in the case of urgency or for conservatory measures, the
Fiduciary will inform on a best effort basis the Administrator before incurring
any expense in the context of this Clause 6.

 

6.4                               All payments to be made by the Fiduciary under this Agreement shall be
made free and clear of and without withholding or deduction for or on account
of any present or future tax, duty or charge of whatever nature incurred or
levied by or on behalf of Luxembourg (or any political subdivision thereof or
therein) or any authority thereof or therein except to the extent that the
Fiduciary is compelled by law to make payment subject to such tax, duty or
charge. If required by law to make such withholding or deduction, the Fiduciary
shall withhold or deduct the minimum amount required by the relevant
authorities and pay such amount to the relevant authorities within the time
required by law. The Fiduciary shall notify the Administrator acting on behalf
of the Principal of each withholding or deduction made in accordance with this
Clause 6.

 

8

 

7.                                      CHANGE OF FIDUCIARY, TERMINATION
EVENT

 

7.1                               The Fiduciary has the right upon giving not less than 60 (sixty)
Business Days’ prior written notice to the Administrator to terminate the
arrangements provided for by this Agreement on the date specified in such notice,
in the case of change of law and/or regulations of Luxembourg or of any other
jurisdiction, which would render the present transaction either illegal or
create additional costs for the Fiduciary, and in the case where the Company
does not indemnify the Fiduciary for such additional costs as provided for in
Clause 13.

 

The
Principal shall not be allowed to terminate this Agreement other than in case
of an Exit or after an Exit.

 

In
case of an Exit, this Agreement may be terminated by the Principal. Upon the
receipt of a termination notice on or after an Exit the Fiduciary and the
Principal shall enter into a share transfer agreement (a STA)
in the form of Schedule 4 thereto and upon the execution thereof by the
Fiduciary and the Principal and the receipt by the Fiduciary of an executed
copy of the STA the share transfer shall be notified by the Fiduciary to the
Company. Upon such notification to the Company the Principal shall forthwith be
considered as the legal owner of the Shares of which he/she was the beneficial
owner under this Agreement. In the event of any such change of fiduciaire under Clause 7.1, the Fiduciary shall assist the
Principal to effect an orderly transition of the Fiduciary Assets, except that
termination shall not take effect until another bank, which is a Qualified
Bank, has been appointed. The Principal undertakes that the Administrator shall
appoint another bank, which is a Qualified Bank, as fiduciary agent within 60
(sixty) business days as from the date specified in the notice given in
accordance with clause 7.1

 

8.                                      REPRESENTATIONS AND WARRANTIES OF
THE PRINCIPAL

 

The
Principal makes the representations and warranties set out in this Clause 8 to
the Fiduciary.

 

8.1                               Status

 

He/she
is a well informed investor (investisseur avisé)  within the meaning of the SICAR Act.

 

8.2                               Powers and Authority and Capacity

 

He/she
has the power and the authority to enter into and perform under this Agreement
and the transaction contemplated by this Agreement.

 

8.3                               Legality and Validity

 

This
Agreement constitutes, or when executed in accordance with its terms will
constitute, its legal, valid and binding obligation enforceable in accordance
with its terms.

 

8.4                               Compliance with Rules and Regulations

 

This
Agreement and the transaction contemplated by this Agreement comply in all
respects with all applicable laws, rules, regulations, interpretations,
guidelines, procedures, and policies of applicable governmental and regulatory
authorities affecting him/her and the performance of his/her obligations hereunder.

 

9

 

8.5                               Non-Conflict

 

The
entry into and performance by him/her of, and the transactions contemplated by,
this Agreement do not and will not:

 

(a)                                 conflict with his/her matrimonial status; or

 

(b)                                 conflict with any document which is binding upon him/her or any of
his/her assets; or

 

(c)                                  any securities law provisions applicable to him/her.

 

8.6                               No Reliance

 

He/she
is acting for his/her own account, and he/she has made his/her own independent
decisions to enter into this Agreement and the transactions contemplated hereby
(this Transaction) and as to
whether this Transaction is appropriate or proper for him/her based upon
his/her own judgement and upon advice from such tax, accounting, regulatory,
legal and financial advisers as he/she has deemed necessary, and not upon any
view expressed by the Fiduciary. He/she is not relying on any communication
(written or oral) of the Fiduciary as investment advice or as a recommendation
to enter into this Transaction; it being understood that information and
explanations related to the terms and conditions of this Transaction shall not
be considered investment advice or a recommendation to enter into this
Transaction. No communication (written or oral) received from the Fiduciary
shall be deemed to be an assurance or guarantee as to the expected results of
this Transaction:

 

(a)                                 He/she is capable of assessing the merits of the investment into Shares
of the Company and   this Transaction and
understands and accepts, the terms, conditions and risks for him/her in
relation to this Transaction. He/she is also capable of assuming, and assumes,
the risks of this Transaction; and

 

(b)                                 all governmental, regulatory and other consents and authorisations that
are required by him/her with respect to this Transaction have been obtained and
are in full force and effect, and all conditions of such consents and
authorisations have been complied with.

 

8.7          Times for
making representations and warranties

 

The
representations and warranties made by each of the Principal and set out in
this Clause 8 are made on the date of this Agreement and shall remain exact and
valid for the whole duration of this Agreement.

 

9.                                      REPRESENTATIONS AND WARRANTIES OF
THE FIDUCIARY

 

The
Fiduciary makes the representations and warranties set out in this Clause 9 to
the Principal.

 

9.1          Status

 

It
is a public limited company, duly incorporated and validly existing under the
laws of Luxembourg.

 

10

 

9.2          Powers and
Authority

 

It
has the power to enter into and perform, and has taken all necessary action to
authorise the entry into, performance and delivery of, this Agreement and the
Transaction contemplated by this Agreement.

 

9.3          Legality
and Validity

 

This
Agreement constitutes, or when performed in accordance with its terms will
constitute, its legal, valid and binding obligation enforceable in accordance
with its terms.

 

9.4          Compliance
with Rules and Regulations

 

This
transaction will comply in all respects with all applicable laws, rules,
regulations, interpretations, guidelines, procedures, and policies of
applicable governmental and regulatory authorities affecting it and the
performance of its obligations hereunder.

 

9.5          Non-conflict

 

The
entry into and performance by it of, and the Transactions contemplated by, this
Agreement do not and will not:

 

(a)                                 conflict with its constitutional documents; or

 

(b)                                 conflict with any document which is binding upon it or any of its
assets.

 

9.7          Times for
making Representations and Warranties

 

The
representations and warranties made by the Fiduciary set out in this Clause 9
are made on the date of this Agreement and shall remain exact and valid for the
whole duration of this Agreement.

 

10.                               UNDERTAKINGS OF  THE 
PRINCIPAL

 

The
Principal shall:

 

(a)                                 promptly execute and do all such assurances, acts and things as the
Fiduciary may reasonably require to protect the interests of the Fiduciary
under this Agreement;

 

(b)                                 not to do any acts, things or conclude any arrangements that would prejudice
the position of the Fiduciary under this Agreement.

 

11.                               UNDERTAKINGS OF THE FIDUCIARY

 

The
Fiduciary shall:

 

(a)                                 ensure that the Fiduciary Assets are and will remain segregated from the
Fiduciary’s own assets and in case of an insolvency of the Fiduciary and
assimilated events, ensure that the Fiduciary Assets may not be seized or
arrested by the Fiduciary’s creditors (other than those creditors having rights
and entitlements as a result of this Agreement); and

 

(b)                                 ensure that the Fiduciary remains a Qualified Bank.

 

11

 

12.                               DURATION

 

Other
than in the case of change of fiduciary in accordance with Clause 7 hereof,
this Agreement shall remain in force until the earlier to occur of (i) an Exit,
(ii), upon (a) the Principal having ceased to be an employee of any Genpact
entity and (b) the Shares held by the Fiduciary on behalf of the Principal
having been transferred to the Company or a nominee of the Company whether or
not in connection with the Company’s exercise of its call rights in accordance
with the ESOP, and (iii) the termination of this Agreement by written  agreement of the Parties and the
Administrator.

 

13.                               INDEMNITIES

 

13.1                        Nothing herein shall require the Fiduciary to take any action which, in
the reasonable opinion of the Fiduciary, is not possible or would be in breach
of any applicable law, regulation or operating norms, which the Fiduciary is
required to comply with.

 

13.2                        The Fiduciary will only have those duties which are set out in this Agreement
and any other duties as are incidental thereto.

 

13.3                        Subject to the provisions of Clause 6 and Clause 7, the Company shall
indemnify the Fiduciary for all reasonable costs or expenses, including the
fees and expenses of legal or other professional advisers, of defending any
claim action or demand properly incurred and liabilities suffered by the
Fiduciary or its agents in connection with this Agreement and any agreement or
document in connection herewith, and the performance of its obligations hereunder.

 

13.4                        The Fiduciary shall be discharged from any liability where it has acted
in accordance with instructions from the Administrator (to the extent and only
to the extent the instructions given by the Administrator on behalf of the
Principal are not in breach with the terms of this Agreement and namely the
voting instructions given to the Fiduciary as standing order under this
Agreement)  in the form of orders,
requisitions, certificates or other documents notified to the Bank in
accordance with Clause 20.

 

14.                               REMUNERATION

 

The
Fiduciary is entitled to an annual commission as described in the attached fee
letter (Schedule 6) (the Commission).

 

15.                               FIDUCIARY’S LIABILITY

 

The
Fiduciary shall have no obligations and liabilities vis-à-vis the Principal,
the Administrator and the Company, in its capacity as fiduciary agent in
accordance respectively with this Agreement and the Fiduciary Act 2003, other
than (i) to hold the Fiduciary Assets as provided for by Clause 2, (ii) to
follow the instructions of the Administrator as provided for by this Agreement
(to the extent and only to the extent the instructions given by the
Administrator on behalf of the Principal are not in breach with the terms of
this Agreement and namely the voting instructions given to the Fiduciary as
standing order under this Agreement), (iii) 
to transfer the net Proceeds (if any) in respect of the Shares to the
Principal in a rateable amount corresponding to the Shares held beneficially by
him/her, (iv) to vote in respect of any ordinary and extraordinary shareholder
resolution of the Company in the same sense than the majority shareholder of
the Company (v) to act in accordance with the Shareholders Agreement and the
Stock Purchase Agreement and (vi), upon the termination of this Agreement, to
transfer the Fiduciary Assets in the form as they will be in at the day of
transfer to the Principal in accordance with his/her beneficial shareholdings
in the Company.

 

12

 

16.                               EVIDENCE AND CALCULATIONS

 

Any
certification or determination by the Fiduciary under this Agreement is, in the
absence of manifest error, conclusive evidence of the matters to which it
relates.

 

17.                               WAIVERS AND REMEDIES CUMULATIVE

 

The
rights of the Parties under this Agreement:

 

(a)                                 may be exercised as often as necessary;

 

(b)                                 are cumulative and not exclusive of their rights under the general law;
and may be waived only in writing and specifically.

 

Delay
in exercising or non-exercising any such right is not a waiver of that right.

 

18.                               ASSIGNMENT

 

Only
the Fiduciary shall be free to transfer at any time any interest in its rights
and/or obligations under this Agreement to an affiliate of the Fiduciary or,
upon the consent of the Administrator (such consent not to be unreasonably
withheld or delayed), to a third party (the Transferee),
provided that on the transfer date at the latest:

 

(a)                                 the Transferee shall covenant by the execution of an instrument (the Transfer Instrument) in favour of the Principal, to be bound
by the terms and conditions of this Agreement, as if it were a Party to this
Agreement, and undertake to comply with all provisions hereof applicable to the
Fiduciary; and

 

(b)                                 the Transfer Instrument executed by the Transferee shall also contain a
written declaration whereby it covenants that the representations and
warranties set out in the above  in
Clause 9 are correct, complete and accurate, with respect to the Transferee, at
the date of the transfer.

 

A
merger, demerger or similar reorganisation of the Fiduciary, implying by
applicable company law, a universal transfer of assets in continuation of the
legal personality of the Fiduciary, including all rights and obligations under
all agreement entered into by the Fiduciary, does not need be approved under
the present Clause 18.

 

19.                               SEVERABILITY

 

If a
provision of this Agreement is or becomes illegal, invalid or unenforceable in
any jurisdiction, that shall not affect:

 

(a)                                 the legality, validity or enforceability in that jurisdiction of any
other provision of this Agreement; or

 

(b)                                 the legality, validity or enforceability in other jurisdictions of that
or any other provisions of this Agreement.

 

13

 

The
Parties will endeavour to replace, within a period which shall not exceed 30
(thirty) Business Days of a court decision having declared the Agreement
illegal, invalid and/or unenforceable, the relevant provision by a provision of
similar effect that would be valid, legal and enforceable.

 

20.                               NOTICES

 

20.1                        Giving of Notices

 

All
notices or other communications under or in connection with this Agreement
shall be given in writing during normal office hours of the recipient and,
unless otherwise stated, may be made by letter, telex or facsimile. Any such
notice will be deemed to be given as follows:

 

(a)                                 if by letter, when delivered personally or ten calendar days after being
deposited in the post, postage prepaid in an envelope addressed to the address
set out in Clause 20.2 hereof;

 

(b)                                 if by facsimile, when the transmission has been completed.

 

However,
a notice given in accordance with the above but received on a day which is not
a Business Day or after business hours in the place of receipt will only be
deemed to be given on the next working day in that place.

 

Any
notice or other communication given under or in connection with this Agreement
shall be acknowledged by the recipient of the notice or communication, by way
of returning a notice or communication acknowledging such receipt to the other
Party, under the same form (i.e., letter, telex or facsimile) under which the
notice or communication received has been made.

 

20.2                        Addresses for Notices

 

(a)                                 The address and facsimile number of the Principal for all notices under
or in connection with this Agreement are:

 

 Genpact US Holdings, Inc.

 

1251
Avenue of the Americas

 

New
York, New York 10020

 

Fax:  001-646-823-0467

 

marked
for the attention of: Corporate Secretary

 

or
such other address as the Administrator may notify to the Fiduciary.

 

The
address and facsimile number of the Fiduciary for all notices under or in
connection with this Agreement are:

 

(b)                                 Bank Sal.
Oppenheim jr. & Cie. (Luxembourg) S.A.

 

4, rue Jean Monnet

 

L-2180 Luxembourg

 

14

 

Fax: + 352 / 22 15 22 - 690

 

marked
for the attention of: Serge Weyland

 

or
such other address as the Fiduciary  may
notify to the Administrator.

 

(c)                                  The address and facsimile number of the Company for all notices under or
in connection with this Agreement are:

 

Genpact
Global Holdings SICAR S. à r. l.

 

23, Avenue Monterery, L-2086 Luxembourg

 

Fax:  +352 26 383 509

 

marked
for the attention of: Bank Sal. Oppenheim jr.
& Cie. (Luxembourg) S.A.

 

or
such other address as the Company may notify to the Fiduciary.

 

21.                               LANGUAGE

 

21.1                        Any notice given under or in connection with this Agreement shall be in
English.

 

21.2                        All other documents provided under or in connection with this Agreement
shall be in English; or if not in English, accompanied by a certified English
translation if requested by the other Party and, in this case, the English
translation shall prevail unless the document is a statutory or other official
document.

 

22.                               JURISDICTION AND GOVERNING LAW

 

This
Agreement is governed by, and shall be construed in accordance with, the laws
of Luxembourg and, in particular, the Fiduciary Act 2003 as it may be amended
from time to time. Each Party irrevocably submits to the jurisdiction of the
courts of the City of Luxembourg in any action or proceedings with regard to
this Agreement or any instrument or instruction in connection herewith.

 

23.                               COUNTERPARTS

 

This
Agreement may be executed in one or more counterparts, each of which shall be
deemed to be an original but all of which when taken together shall constitute
one agreement.

 

15

 

SIGNATORIES

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on         
                           200  .

 

 

	
   

  	
   

  
	
   

  
	
  THE
  PRINCIPAL

  
	
   

  
	
  By:
  

  	
   

  	
   

  
	
   

  
	
   

  	
   

  
	
   

  	
   

  
			

 

THE
ADMINISTRATOR

 

By:  Eileen S. Silvers

 

 

	
   

  	
   

  	
   

  

 

THE
FIDUCIARY

 

Bank Sal.
Oppenheim jr. & Cie. (Luxembourg) S.A.

 

	
  By:

  	
  By:

  
	
   

  	
   

  
	
  Title:

  	
  Title
  :

  

 

 

	
   

  	
   

  	
   

  

 

THE
COMPANY

 

By:  Eileen S. Silvers

 

Title:
Senior Vice President

 

16

 

SCHEDULE
1

 

STOCK PURCHASE
AGREEMENT

 

17

 

SCHEDULE
2

 

STOCK OPTION AGREEMENT

 

18

 

SCHEDULE
3

 

SCHEDULE OF OPTIONS IN
RESPECT OF THE PRINCIPAL

 

     
Options at an exercise price of $           .00
per share.

 

19

 

SCHEDULE
4

 

FORM OF SHARE TRANSFER
AGREEMENT

 

THIS
SHARE TRANSFER AGREEMENT (this Agreement),
made and entered into as of [date], by and between:

 

(1)                                 Name of Principal (the Transferee),

 

(2)                                 Bank
Sal. Oppenheim jr. & Cie. (Luxembourg) S.A., a
credit institution organised as a public limited company duly incorporated
under the laws of Luxembourg, with registered office at 4, rue Jean Monnet, L - 2180 Luxembourg, being registered with the Luxembourg trade and companies register under
number B 44.365 (the Transferor); and

 

(the
Transferor and the Transferee are collectively referred to as the Parties),

 

In
the presence of:

 

(3)                                 Genpact Global Holdings SICAR Sàrl, a
limited liability company duly incorporated under the laws of Luxembourg, with
registered office at 23, Avenue Monterey in L-2086 Luxembourg (the Company).

 

WHEREAS:

 

(A)                               The Transferor is the owner of [number] shares of the Company fully
paid-up with nominal value of          .
(the Shares).

 

(B)                               The Transferor desires to sell the Shares to the Transferee, which
desires to purchase the Shares from the Transferor under the terms and
conditions hereinafter set forth.

 

NOW,
THEREFORE, for and in consideration
of the premises and the mutual covenants and agreements herein contained, the
Parties hereto hereby agree as follows:

 

1.                                      SALE AND PURCHASE

 

Subject
to the terms and conditions set forth in this Agreement, the Transferor
transfers to the Transferee full ownership of the Shares including all rights
and obligations, benefits and interests whatsoever attached thereto, and the
Transferee accepts the transfer of the Shares in full including all rights
(including dividend rights and interests) attached thereto and covenants to
assume without any restrictions all rights and obligations arising from this
Agreement and from the articles of association of the Company.

 

2.                                      CONSIDERATION

 

The
Transferor agrees upon termination of the Fiduciary Agreement dated [date] to transfer to the Transferee the Shares in
consideration for the restitution of the Fiduciary Assets (as defined in the
Fiduciary Agreement dated [date] between
inter alia the Transferee and the Transferor).

 

20

 

3.                                      TRANSFER OF THE SHARES

 

3.1                               Date of the transfer of the Shares

 

The
transfer of the Shares shall be effective on the date of this Agreement (the Transfer Date).

 

3.2                               Transfer formalities

 

Subject
to a shareholder meeting of the Company having approved the transfer from the Transferor
to the Transferee , at the Transfer Date and with effect from the Transfer
Date, the Transferor shall transfer the legal ownership of the Shares to the
Transferee and for that purpose, the Parties shall promptly after the execution
of this Agreement, register or cause to be registered the transfer of the
Shares from the Transferor to the Transferee in the share register of the
Company.

 

In
accordance with the law on commercial companies dated 10 August 1915, as
amended, and article 1690 of the Civil Code, the Parties hereby jointly empower
any lawyer or employee of Allen & Overy
Luxembourg, in order to make the transfer enforceable vis-à-vis the Company and to proceed to the entry of the
Transferee into the share register of the Company.

 

The
Transferee acknowledges being aware of the financial situation of the Company
and accepts the transfer of the legal ownership of the Shares as of the
Transfer Date in consideration for the restitution of the Fiduciary Assets (as
defined in the Fiduciary Agreement dated [date] between
inter alia the Transferee and the Transferor).

 

This
agreement entails transfer of all rights, risks and obligations from the
Transferor to the Transferee effective as of the Transfer Date

 

4.                                      GENERAL

 

4.1                               Expenses

 

The
Company shall bear any costs relating to the preparation or execution of this
Agreement, and all matters incidental thereto.

 

It
is formally agreed, in the event that the share transfer is subject to any
indirect tax whatsoever, or any incidental cost, or any duty levied in
connection thereto, that any such tax, cost or duty shall be exclusively borne
by the Transferee.

 

4.2                               Applicable Law

 

The
validity, construction and performance of this Agreement shall be governed by
and construed in accordance with the laws of the Grand-Duchy of Luxembourg.

 

4.3                               Dispute

 

Any
dispute arising from this Agreement shall be submitted exclusively to the
courts of the Grand-Duchy of Luxembourg.

 

21

 

4.4                               Effect of Headings

 

The
headings of sections and subsections of this Agreement are to facilitate
reference only, do not form a part of this Agreement and shall not in any way
affect the interpretation thereof.

 

4.5                               Modifications

 

No
oral explanation or oral information by any of the Parties hereto shall alter
the meaning or interpretation of this Agreement. No amendment or change thereof
or addition thereto shall be effective or binding on any of the Parties unless
set forth in writing and duly executed by the Parties.

 

4.6                               Non-Waiver

 

The
waiver, express or implied, by any of the Parties of any right under this
Agreement or of any failure to perform or breach thereof by the other Party
shall neither constitute nor be deemed to constitute a waiver of any other
right thereunder or of any claims or remedies available under applicable law in
respect of any other failure to perform or breach hereof by such other Party,
whether of a similar or dissimilar nature thereto.

 

The
Parties and the Company hereto have executed this Agreement in three original
copies on              .
Each party acknowledges having received one original copy of this Agreement.

 

The Transferor

 

	
   

  	
   

  
	
  By:

  
	
  Title:

  
	
   

  
	
   

  	
   

  
	
  The Transferee

  
	
  [                            ]

  

 

The Company hereby acknowledges and
accepts the transfer of the Shares from the Transferor to the Transferee and
agrees to hold a shareholder meeting to the effect of authorising the Transfer
of the Shares from the Transferor to the Transferee.

 

 

	
   

  	
   

  
	
  The Company

  
	
  Genpact Global Holdings SICAR
  Sàrl

  
	
  By:

  
	
  Title:

  

 

22

 

SCHEDULE 5

 

IDENTIFICATION OF
BENEFICIAL OWNER AND WELL-INFORMED INVESTOR

 

ASSESSMENT FORM

 

23

 

SCHEDULE 6

 

FEE LETTER

 

24

 

SCHEDULE 7

 

SHAREHOLDERS AGREEMENT

 

25

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