Document:

EX-10.1

JOINDER AGREEMENT

THIS JOINDER AGREEMENT (this “Agreement”), dated as of December 4, 2006, is by and
among Lionbridge Mauritius Ltd., a company formed under the laws of Mauritius (the “New Foreign
Holding Company”), Lionbridge Technologies, Inc., a Delaware corporation (the
“Company”), Lionbridge International (f/k/a Lionbridge Technologies Ireland) (the
“Irish Borrower”), Lionbridge Technologies Holdings B.V. (“Lionbridge Holdings
BV”), Lionbridge of Europe B.V. (“Lionbridge of Europe”; together with the Company, the
Irish Borrower and Lionbridge Holdings BV, the “Borrowers”), the Material Domestic
Subsidiaries of the Company party hereto (the “U.S. Guarantors”), Lionbridge Holdings
Luxembourg S.A.R.L. (“Lionbridge Holdings Sarl”), Lionbridge Luxembourg S.A.R.L.
(“Lionbridge Sarl”), the Subsidiaries of the Irish Borrower and the Dutch Borrowers party
hereto (together with the Borrowers, the US Guarantors, Lionbridge Holdings Sarl and Lionbridge
Sarl, the “Foreign Guarantors” and each a “Foreign Guarantor”) and Wachovia Bank,
National Association, in its capacity as administrative agent (the “Administrative Agent”)
under that certain Credit Agreement, dated as of September 1, 2005 (as amended, restated,
supplemented or otherwise modified, the “Credit Agreement”) by and among the Borrowers, the
U.S. Guarantors, the Foreign Guarantors, the lenders from time to time party thereto (the
“Lenders”) and the Administrative Agent. Capitalized terms used herein but not otherwise
defined shall have the meanings provided in the Credit Agreement.

The New Foreign Holding Company hereby agrees as follows with the Administrative Agent, for
the benefit of the Lenders, and the other parties to the Credit Agreement:

1. The New Foreign Holding Company hereby acknowledges, agrees and confirms that, by its
execution of this Agreement, the New Foreign Holding Company will be deemed to be a party to and a
“Foreign Guarantor” under the Credit Agreement and shall have all of the obligations of a Foreign
Guarantor thereunder as if it had executed the Credit Agreement. The New Foreign Holding Company
hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and
conditions contained in the applicable Credit Documents, including without limitation (a) all of
the representations and warranties set forth in Article III of the Credit Agreement and (b) all of
the affirmative and negative covenants set forth in Articles V and VI of the Credit Agreement.
Without limiting the generality of the foregoing terms of this Paragraph 1, the New Foreign Holding
Company hereby agrees to be jointly and severally liable for the Foreign Credit Party Obligations
of the Foreign Borrowers in accordance with Article XI of the Credit Agreement.

2. The New Foreign Holding Company acknowledges and confirms that it has received a copy of
the Credit Agreement and the schedules and exhibits thereto and each Security Document and the
schedules and exhibits thereto.

3. The Credit Parties confirm that the Credit Agreement is, and upon the New Foreign Holding
Company becoming a Foreign Guarantor, shall continue to be, in full force and effect. The parties
hereto confirm and agree that immediately upon the New Foreign Holding Company becoming a Foreign
Guarantor the term “Foreign Credit Party Obligations,” as used in the Credit Agreement, shall
include all obligations of the New Foreign Holding Company under the Credit Agreement and under
each other Credit Document.

4. The New Foreign Holding Company agrees that it will promptly notify the Administrative
Agent of any new asset or assets acquired by the New Foreign Holding Company. The New Foreign
Holding Company and the Credit Parties agree (a) to promptly execute and deliver any security
document and to take all actions reasonably required by the Administrative Agent to provide the
Administrative Agent with a first priority perfected Lien in any new asset or assets acquired by
the New Foreign Holding Company and (b) that failure of the New Foreign Holding Company or the
Credit Parties to comply with the terms of this Section 4 shall constitute an Event of Default
under the Credit Agreement.

5. Each of the Credit Parties and the New Foreign Holding Company agrees that at any time and
from time to time, upon the written request of the Administrative Agent, it will execute and
deliver such further documents and do such further acts as the Administrative Agent may reasonably
request in accordance with the terms and conditions of the Credit Agreement in order to effect the
purposes of this Agreement.

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

7. This Agreement shall be governed by and construed and enforced in accordance with the laws
of the State of New York without regard to conflict of laws principles thereof (other than Sections
5-1401 and 5-1402 of The New York General Obligations Law).

Signature pages to follow

1

IN WITNESS WHEREOF, each of the New Foreign Holding Company and the Credit Parties have caused
this Joinder Agreement to be duly executed by its authorized officer, and the Administrative Agent,
for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of
the day and year first above written.

	 	 	 
	NEW FOREIGN GUARANTOR:

	 	LIONBRIDGE MAURITIUS LTD.,
	 

	 	

	
 
	 	a company incorporated under

the laws of Mauritius
	 
	 	 
	
 
	 	By: /s/Stephen J. Lifshatz

Name: Stephen J. Lifshatz

Title: Director
	 
	 	 
	COMPANY:

	 	LIONBRIDGE TECHNOLOGIES, INC.,
	 

	 	

	
 
	 	a Delaware corporation
	 
	 	 
	
 
	 	By: /s/Rory J. Cowan

Name: Rory J. Cowan

Title: President and Chief Executive Officer
	 
	 	 
	IRISH BORROWER:

	 	LIONBRIDGE INTERNATIONAL
	 

	 	

	
 
	 	(f/k/a LIONBRIDGE TECHNOLOGIES IRELAND),

a company organized under the laws of Ireland
	 
	 	 
	
 
	 	By: /s/Rory J. Cowan

Name: Rory J. Cowan

Title: Director
	 
	 	 
	DUTCH BORROWERS:

	 	LIONBRIDGE TECHNOLOGIES HOLDINGS B.V.,
	 

	 	

	
 
	 	a company incorporated under the laws of The Netherlands
	 
	 	 
	
 
	 	By: /s/Rory J. Cowan

Name: Rory J. Cowan

Title: Managing Director
	 
	 	 
	
 
	 	LIONBRIDGE OF EUROPE B.V., a company incorporated under the laws of The Netherlands
	 
	 	 
	
 
	 	By: /s/Rory J. Cowan

Name: Rory J. Cowan

Title: Managing Director
	 
	 	 
	US GUARANTORS:

	 	VERITEST, INC.,
	 

	 	

	
 
	 	a Delaware corporation
	 
	 	 
	
 
	 	By: /s/Rory J. Cowan

Name: Rory J. Cowan

Title: President

2

MENTORIX TECHNOLOGIES INC.,

a California corporation

By: /s/Rory J. Cowan

Name: Rory J. Cowan

Title: President

LIONBRIDGE US, INC.,

a Delaware corporation

By: /s/Rory J. Cowan

Name: Rory J. Cowan

Title: President

LIONBRIDGE GLOBAL SOLUTIONS FEDERAL, INC. f/k/a BOWNE GLOBAL

SOLUTIONS FEDERAL, INC.,

a Delaware corporation

By: /s/Rory J. Cowan

Name: Rory J. Cowan

Title: Director

LIONBRIDGE GLOBAL SOLUTIONS II, INC. f/k/a BOWNE GLOBAL

SOLUTIONS II, INC.,

a New York corporation

By: /s/Rory J. Cowan

Name: Rory J. Cowan

Title: President

	 	 	 	

3

	 	 	 
	FOREIGN GUARANTORS:

	 	LIONBRIDGE TECHNOLOGIES B.V.,
	 

	 	

	
 
	 	a company incorporated under the laws of The Netherlands
	 
	 	 
	
 
	 	By: /s/Rory J. Cowan

Name: Rory J. Cowan

Title: Managing Director
	 
	 	 
	
 
	 	LIONBRIDGE HOLDINGS LUXEMBOURG S.A.R.L.,

a company incorporated under

the laws of Luxembourg
	 
	 	 
	
 
	 	By: /s/Albert A. Barchard

Name: Albert A. Barchard

Title: Manager, Type A
	 
	 	 
	
 
	 	LIONBRIDGE LUXEMBOURG S.A.R.L.,

a company incorporated under

the laws of Luxembourg
	 
	 	 
	
 
	 	By: /s/Albert A. Barchard

Name: Albert A. Barchard

Title: Manager, Type A
	 
	 	 

4

Acknowledged, accepted and agreed:

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent

By: /s/ Mark B. Felker

Name: Mark B. Felker

Title: Managing Director,

Wachovia Bank, National Association

5EX-10.2

SHARE PLEDGE AGREEMENT

THIS SHARE PLEDGE AGREEMENT (hereinafter referred to as the “Agreement”) is made on December
4, 2006 by and among:

	 	(i)	 	Lionbridge Technologies, Inc, a company incorporated in the State of Delaware, United
States of America and having its principal office at 1050 Winter Street, Waltham,
Massachusetts 02451, United States of America (hereinafter referred to as the “Pledgor”);

	 	(ii)	 	Wachovia Bank, National Association, a U.S. national banking association and having
its principal office at One Wachovia Center, Charlotte, North Carolina 28288-0737, United
States of America, in its capacity as Administrative Agent under the Credit Agreement
(defined below), (hereinafter referred to as the “Pledgee”); and

	 	(iii)	 	Lionbridge Mauritius Ltd., a company incorporated in Mauritius and having its
registered office at IFS Court, TwentyEight, Cybercity, Ebene, Mauritius (hereinafter
referred to as the “Company”).

WHEREAS,

	A.	 	The Pledgor as of the date of this Agreement owns 20 Ordinary Shares of par value US$ 1 each
in the capital of the Company.

	B.	 	Pursuant to its obligations under the Credit Agreement, the Pledgor has agreed to pledge 65%
of the shares it owns in the Company in favour of the Pledgee.

NOW, THEREFORE, the Pledgor, the Pledgee and the Company hereby agree as follows:

	1.	 	Interpretation

	1.1	 	Unless otherwise provided herein or repugnant to the context hereof, capitalised terms not
defined in this Agreement shall bear the same meaning as in the Credit Agreement. In addition
the following terms shall have the meaning set opposite to them:

	 	 	 
	Act

	 	The Companies Act 2001 of Mauritius.
	 
	 	 
	Agreement

	 	This Share Pledge Agreement.
	 
	 	 
	Borrowers

	 	The Pledgor, the Irish Borrower, Lionbridge

Holdings BV and Lionbridge of Europe B.V.
	 
	 	 
	Certificate

	 	The share certificate no. 2, dated December 4,

2006, issued by the Company to the Pledgor for

the Pledged Shares.
	 
	 	 
	Civil Code

	 	The Civil Code of Mauritius.
	 
	 	 
	Commercial Code

	 	The Code de Commerce of Mauritius.
	 
	 	 
	Credit Agreement

	 	A credit agreement dated 1st

September 2005 (as amended, restated,

supplemented or otherwise modified) by and among

the Borrowers, the US Guarantors, the Foreign

Guarantors, the lenders from time to time party

thereto and the Pledgee, to which the Company

has joined by virtue of the Joinder Agreement.
	 
	 	 
	Dutch Borrowers

	 	Lionbridge Holdings BV and Lionbridge Global

Solutions Holdings (Netherlands) B.V. (f/k/a

Bowne Global Solutions Holdings (Netherlands)

B.V.)
	 
	 	 
	Foreign Guarantors

	 	The Borrowers, the US Guarantors, Lionbridge

Holdings Luxembourg S.A.R.L., Lionbridge

Luxembourg S.A.R.L. and the Subsidiaries of the

Irish Borrower and the Dutch Borrowers
	 
	 	 
	Irish Borrower

	 	Lionbridge International (f/k/a Lionbridge

Technologies Ireland).
	 
	 	 
	Joinder Agreement

	 	An agreement dated December 4, 2006 between the

Company, the Borrowers, the US Guarantors, the

Foreign Guarantors and the Pledgee.
	 
	 	 
	Lionbridge Holdings BV

	 	Lionbridge Technologies Holdings B.V.
	 
	 	 
	Pledged Collateral

	 	The Certificate, and all dividends, interest

payments, cash, instruments and other property

from time to time received, receivable or

otherwise distributed in respect of or in

exchange for any or all of the Pledged Shares.
	 
	 	 
	Pledged Shares

	 	13 ordinary shares, numbered 8-20, held by the

Pledgor in the Company.
	 
	 	 
	Secretary

	 	International Financial Services Limited, a

company incorporated in the Republic of

Mauritius and which acts as the secretary of the

Company.
	 
	 	 
	Secured Obligations

	 	all the Credit Party Obligations of the Credit

Parties, as defined in the Credit Agreement.
	 
	 	 
	Transfer in Pledge

	 	The document to be executed by the Pledgor, the

Pledgee and the Secretary, in the form set out

in Schedule 1 hereto.
	 
	 	 
	US Guarantors

	 	The Material Domestic Subsidiaries of the Pledgor

	2.	 	Pledge

	2.1	 	The Pledgor hereby pledges in favour of the Pledgee:

	 	(i)	 	the Pledged Shares in accordance with Articles 92-6 to 92-11 of the Commercial
Code (“Gage spécial au profit des institutions financiers”); and

	 	(ii)	 	the Pledged Collateral in accordance with Titre Dix-Septième, Chapitre Premier
of the Civil Code. For the purpose of Article 2074 of the Civil Code but without
prejudice to the provisions of the Credit Documents, the value of the Secured
Obligations shall be deemed to be US$ 175,000,000 (including interest, costs,
commissions, etc.).

	2.2	 	The pledges created pursuant to Clause 2.1 shall have first-ranking priority and are not
subject to any prior ranking or pari passu ranking security except as required by law.

	2.3	 	This Agreement secures the payment and discharge of the Secured Obligations.

	3.	 	Continuing security interest

	3.1	 	This Agreement shall create a continuing security interest in the Pledged Shares and
Pledged Collateral and shall:

	 	(i)	 	remain in full force and effect until payment in full or release of the
Secured Obligations;

	 	(ii)	 	be binding upon the Pledgor and its successors and assigns; and

	 	(iii)	 	inure to the benefit of Pledgee and its successors and assigns.

	3.2	 	The Pledgee may assign or otherwise transfer its rights and obligations under this Agreement
to any person in accordance with the Credit Documents and such person shall thereupon become
vested with all of the benefits in respect thereof granted to the Pledgee herein or otherwise.

	3.3	 	Upon any such assignment or transfer, the Pledgee and the Company shall take all reasonable
measures to make such assignment or transfer effective.

	3.4	 	This Agreement shall remain in effect despite any amalgamation or merger (however effected)
relating to the Pledgee; and references to the Pledgee shall include any assignee or successor
in title of the Pledgee and any person who, under the laws of its jurisdiction of
incorporation or domicile, has assumed the rights and obligations of the Pledgee under this
Agreement or to which, under such laws, those rights and obligations have been transferred.

	3.5	 	None of the rights or obligations of Pledgor hereunder may be assigned or otherwise
transferred without the prior written consent of the Pledgee, and any such assignment or
transfer shall be null and void.

	4.	 	Perfection of Security

	4.1	 	On the date hereof, the Pledgor shall:

	 	(i)	 	deliver the Certificate to be held by or on behalf of the Pledgee pursuant
hereto; and

	 	(ii)	 	deliver to the Pledgee a stock transfer form, duly executed in blank on behalf
of the Pledgor and left undated, in the format set out in Schedule 2 hereto.

	4.2	 	The Pledgor, the Pledgee and the Secretary shall execute the Transfer in Pledge and the
Pledgor shall forthwith cause the Transfer in Pledge to be duly inscribed in the register of
pledges of the Company in accordance with Section 86 of the Act. The Pledgor shall within two
days of the date hereof deliver to the Pledgee a certificate signed by the Secretary in the
form set out in Schedule 3 hereto.

	4.3	 	The Pledgor shall promptly after the date hereof (and in any event within 21 days of the date
hereof) cause this Agreement to be duly registered with the office of the Registrar General of
Mauritius and shall thereafter promptly deliver the duly registered Agreement to the Pledgee.

	4.4	 	The Pledgor shall promptly after the date hereof serve or caused to be served on the Company,
by registered post, a copy of this Agreement and the Company shall, within seven days of the
date hereof, deliver to the Pledgee an acknowledgment of such service in the form set out in
Schedule 4 hereto.

        .

	5.	 	Representations and Warranties

	5.1	 	The Pledgor represents and warrants as follows:

	 	(i)	 	the Pledgor:

	 	(a)	 	is a corporation duly incorporated and validly existing in the
jurisdiction of its incorporation, and

	 	(b)	 	has all requisite power and authority to execute, deliver and
perform this Agreement;

	 	(ii)	 	the execution, delivery and performance by the Pledgor of this Agreement have
been duly authorized by all necessary action, and do not and will not contravene its
charter, bylaws, or any applicable law or any material contractual restriction binding
on or affecting it or any of its properties;

	 	(iii)	 	the Pledged Shares have been duly authorized and validly issued and are fully
paid and non-assessable and the holder thereof is not entitled to any pre-emptive,
first refusal or other similar rights;

	 	(iv)	 	the Pledgor is the legal and beneficial owner of the Pledged Shares free and
clear of all encumbrances, except for the security created by this Agreement;

	 	(v)	 	the Pledged Shares constitute sixty-five percent (65%) of the capital of the
Company;

	 	(vi)	 	the Pledgor has not sold or disposed of and will not sell or dispose of, the
benefit of all or any of its rights, title and interest in the Pledged Shares and
Pledged Collateral;

	 	(vii)	 	the exercise by the Pledgee of any of its rights and remedies in accordance
with the terms of this Agreement will not contravene any law or any contractual
restriction binding on or affecting Pledgor or any of the properties of Pledgor;

	 	(viii)	 	except as specified in Clause 4 above or as may be required pursuant to any sale of
any Pledged Shares by laws affecting the offering and sale of securities generally, no
authorization or approval or other action by, and no notice to or filing with, any
governmental authority is required to be obtained or made by Pledgor for:

	 	(a)	 	the due execution, delivery and performance by Pledgor of this
Agreement;

	 	(b)	 	the grant by Pledgor, or the perfection, of the security
created hereby in the Pledged Collateral; or

	 	(c)	 	the exercise by the Pledgee of any of its rights and remedies
hereunder;

	 	(ix)	 	this Agreement will, after the steps set out in Clause 4 above have been taken,
create a legal, valid and binding pledge in the Pledged Shares and the Pledged
Collateral as effective security for the Secured Obligations;

	 	(x)	 	the execution by the Pledgor of this Agreement constitutes, and the exercise by
it of its rights and performance of its obligations hereunder, will constitute private
and commercial acts performed for private and commercial purposes;

	 	(xi)	 	the Pledgor will not be entitled to claim immunity from suit, execution,
attachment or other legal process in any proceedings taken in its jurisdiction of
incorporation in relation to this Agreement;

	 	(xii)	 	the constitution of the Company does not contain any restriction on the
creation of the pledge and/or the transfer of the Pledged Shares pursuant to this
Agreement at any time in future and that it shall not make or authorise any amendment
to the constitution of the Company in this regard without the written consent of the
Pledgee;

	 	(xiii)	 	no litigation, arbitration or administrative proceeding is current or pending or, so
far as it is aware, threatened to restrain the entry into exercise of its rights (if
any) under and/or performance or enforcement of or compliance with its obligation
under, or the creation of the security expressed to be created by this Agreement;

	 	(xiv)	 	no meeting has been convened for the winding up of the Company and no such
steps are intended by the Company; and no petition/s is/are outstanding for any such
winding-up; and

	 	(xv)	 	each of the warranties and representations made by it in this Agreement are and
will be correct and complied with in all respects on the date of this Agreement and
also at all times thereafter so long as the Secured Obligations have not been duly and
irrevocably discharged in full, as if repeated by reference to then existing
circumstances.

	5.2	 	Until the Secured Obligations are paid in full in cash, the Pledgor shall, unless the Pledgee
shall otherwise consent in writing:

	 	(i)	 	keep adequate records concerning the Pledged Shares and permit the Pledgee or
any agents, designees or representatives thereof at any time or from time to time
during regular business hours to examine and make copies of and abstracts from such
records;

	 	(ii)	 	pay all calls or other payments, due in respect of the Pledged Shares;

	 	(iii)	 	at Pledgor’s expense, promptly deliver to the Pledgee a copy of each notice or
other communication received by it in respect of the Pledged Shares and Pledged
Collateral;

	 	(iv)	 	at Pledgor’s expense, defend the Pledgee’s right, title and interest in and to
the Pledged Shares and Pledged Collateral against any third-party claim;

	 	(v)	 	at Pledgor’s expense, at any time and from time to time, promptly execute and
deliver all further instruments and documents and take all further action that may be
necessary or that the Pledgee may reasonably request in order to:

	 	(a)	 	perfect and protect, or maintain the perfection of, the
security created hereby,

	 	(b)	 	enable the Pledgee to exercise and enforce its rights and
remedies hereunder in respect of the Pledged Shares and Pledged Collateral or

	 	(c)	 	otherwise effect the purposes of this Agreement, including,
without limitation, delivering to the Pledgee, after the occurrence and during
the continuation of an Event of Default, irrevocable proxies in respect of the
Pledged Shares and Pledged Collateral;

	 	(vi)	 	not create, grant or suffer to exist any security interest or any restriction
on the ability to transfer or realise, all or any part of the Pledged Shares and
Pledged Collateral, except for the security created hereby or as permitted by any
Credit Document;

	 	(vii)	 	not make or consent to any amendment or other modification or waiver with
respect to any Pledged Shares and Pledged Collateral or enter into any agreement or
permit to exist any restriction with respect to any Pledged Shares and Pledged
Collateral other than pursuant to or as permitted by any Credit Document;

	 	(viii)	 	not permit the issuance of:

	 	(a)	 	any additional shares of any class of capital stock, membership
interests or other equity securities of the Company;

	 	(b)	 	any securities convertible voluntarily by the holder thereof or
automatically upon the occurrence or non-occurrence of any event or condition
into, or exchangeable for, any such shares of capital stock, membership
interests or other equity securities, or

	 	(c)	 	any warrants, options, contracts or other commitments entitling
any person to purchase or otherwise acquire any such shares of capital stock,
membership interests or other equity securities; and

	 	(ix)	 	not take or knowingly fail to take any action which would in any manner impair
the value or enforceability of the Pledgee’s security interest in any Pledged Shares
and Pledged Collateral;

	 	(x)	 	in case the Pledgee exercises its right to sell the Pledged Shares in
accordance with Clause 8.1, the Pledgor shall procure that:

	 	(a)	 	the share register of the Company shall be amended in
accordance with the Act to record such sale; and

	 	(b)	 	the Company shall issue one or more share certificate (as
requested) to the transferee of the Pledged Shares.

	6.	 	Voting Rights, Dividends

	6.1	 	So long as no Event of Default shall have occurred and be continuing:

	 	(i)	 	the Pledgor may exercise all voting and other consensual rights pertaining to
the Pledged Shares for any purpose not inconsistent with the terms of the Credit
Documents, provided, however, that the Pledgor will not exercise or refrain from
exercising any such right, as the case may be, if such action (or inaction) could
reasonably be expected to have a Material Adverse Effect.

	 	(ii)	 	the Pledgor may receive and retain any dividends, interest payments or other
distributions paid in respect of the Pledged Shares to the extent permitted by Credit
Documents provided however that any and all:

	 	(a)	 	dividends and interest paid or payable other than in cash in
respect of, and instruments and other property received, receivable or
otherwise distributed in respect of or in exchange for, any Pledged Shares and
Pledged Collateral;

	 	(b)	 	dividends and other distributions paid or payable in cash in
respect of any Pledged Shares and Pledged Collateral in connection with a
partial or total liquidation or dissolution or in connection with a reduction
of capital, capital surplus or paid-in surplus, and

	 	(c)	 	cash paid, payable or otherwise distributed in redemption of,
or in exchange for, any Pledged Shares and Pledged Collateral, together with
any dividend, interest payment or other distribution which at the time of such
dividend, interest payment or other distribution was not permitted by the
Credit Documents,

shall forthwith be delivered to the Pledgee to hold as Pledged Collateral and shall,
if received by Pledgor, be received in trust for the benefit of the Pledgee, shall
be segregated from the other property or funds of Pledgor, and shall be forthwith
delivered to the Pledgee in the exact form received to be held by the Pledgee as
Pledged Collateral and as further collateral security for the Secured Obligations.

	 	(iii)	 	Upon the occurrence and during the continuation of an Event of Default:

	 	(a)	 	all rights of Pledgor to exercise the voting and other
consensual rights which it would otherwise be entitled to exercise and to
receive the dividends and interest payments which it would otherwise be
authorized to receive and retain shall, upon notice to the Pledgor from the
Pledgee, cease and all such rights shall become vested in the Pledgee which
shall thereupon have the sole right to exercise such voting and other
consensual rights and to receive and hold as Pledged Collateral such dividends,
interest payments, distributions or other payments and exercise (or refrain
from exercising) the powers and rights conferred on or exercisable by the legal
and beneficial owner of the Pledged Shares and Pledged Collateral in the manner
and on the terms as the Pledgee thinks fit and, any proceeds of such action
shall form part of the Pledged Shares and Pledged Collateral; and

	 	(b)	 	all dividends, distributions, interest and other payments which
are received by Pledgor contrary to the provisions hereof shall be received in
trust for the benefit of the Pledgee, shall be segregated from other funds of
Pledgor, and shall be forthwith paid over to the Pledgee as Pledged Collateral
in the exact form received to be held by the Pledgee as Pledged Collateral and
as further collateral security for the Secured Obligations.

	7.	 	Power of Attorney

	7.1	 	To the maximum extent permitted by applicable law, the Pledgor hereby irrevocably appoints
the Pledgee, upon the occurrence of and during the continuance of an Event of Default, as the
Pledgor’s attorney-in-fact, with full authority in the place and stead of the Pledgor and in
the name of the Pledgor or otherwise, from time to time in the Pledgee’s discretion, to take
any action and to execute any instrument that the Pledgee may deem necessary or desirable to
accomplish the purposes of this Agreement, including, without limitation, to receive, endorse
and collect all instruments made payable to Pledgor representing any dividend, interest
payment or other distribution in respect of any Pledged Shares and Pledged Collateral and to
give full discharge for the same.

	7.2	 	If Pledgor fails to perform any agreement or obligation contained herein, the Pledgee itself
may perform, or cause performance of, such agreement or obligation, and the expenses of the
Pledgee reasonably incurred in connection therewith shall be payable by Pledgor and shall be
secured by the Pledged Shares and Pledged Collateral.

	7.3	 	The powers conferred on the Pledgee hereunder are solely to protect its interest in the
Pledged Shares and Pledged Collateral and shall not impose any duty upon it to exercise any
such powers. Except for the safe custody of any Pledged Shares and Pledged Collateral in its
possession and the accounting for monies actually received by it hereunder, the Pledgee shall
have no duty as to any Pledged Shares and Pledged Collateral or as to the taking of any
necessary steps to preserve rights against prior parties or any other rights pertaining to any
Pledged Shares and Pledged Collateral and shall be relieved of all responsibility for the
Pledged Shares and Pledged Collateral upon surrendering it or tendering surrender of it to
Pledgor. The Pledgee shall be deemed to have exercised reasonable care in the custody and
preservation of the Pledged Shares and Pledged Collateral in its possession if the Pledged
Shares and Pledged Collateral are accorded treatment substantially equal to that which the
Pledgee accords its own property, it being understood that the Pledgee shall not have
responsibility for:

	 	(i)	 	ascertaining or taking action with respect to calls, conversions, exchanges,
maturities, tenders or other matters relating to any Pledged Shares and Pledged
Collateral, whether or not the Pledgee has or is deemed to have knowledge of such
matters; or

	 	(ii)	 	taking any necessary steps to preserve rights against any parties with respect
to any Pledged Shares and Pledged Collateral.

	8.	 	Remedies

	8.1	 	If any Event of Default shall have occurred, the Pledgee may in addition to any other
rights and remedies provided for herein or otherwise available to it, sell the Pledged Shares
by completing the stock transfer form received by the Pledgee pursuant to Clause 4.1(ii)
above. For the avoidance of doubt, the Pledgee shall not be under any obligation to notify
the Pledgor prior to the sale of the Pledged Shares or to seek the authorisation of, or an
order from, any court or judicial or similar authority or to make any publication prior to
such sale.

	8.2	 	All cash proceeds received by the Pledgee in respect of any sale of the Pledged Shares shall
be applied to the costs of such sale and to the satisfaction of the Secured Obligations in
accordance with the terms of the Credit Agreement.

	8.3	 	Any surplus held by the Pledgee after satisfaction in full of the Secured Obligations shall
be paid over to the Pledgor or to whomsoever may be lawfully entitled to receive such surplus.

	8.4	 	If any of the Secured Obligations is due and payable but not paid or discharged on demand or
if the Pledgor has breached any provision of this Agreement or any other Credit Document or in
the case of any other Event of Default, the Pledgee may appoint any person to be a receiver
and manager of the Pledged Shares and/or Pledged Collateral or any part thereof and may in
like manner from time to time remove any receiver and manager so appointed and appoint another
in his stead.

	8.5	 	A receiver and manager so appointed shall be the agent of the Pledgor and the Pledgor shall
alone be liable for his acts and defaults and remuneration and he shall have authority and be
entitled to exercise the powers hereinafter set forth and to do all such acts and things which
a receiver and manager lawfully may or can do which may be necessary for or considered to be
incidental or conductive to the carrying on of the business of the Pledgor including the
raising of money with the consent of the Pledgee on the security of the Pledged Shares and/or
Pledged Collateral or without security and generally to take possession of and collect all or
part of the Pledged Shares and/or Pledged Collateral and for that purpose to take proceedings
in the name of the Pledgor to sell all or any part of the Pledged Shares and/or Pledged
Collateral and to make any compromises.

	8.6	 	No purchaser, mortgagor, mortgagee or other person or company dealing with the Pledgee or any
receiver and manager or with their attorneys or agents shall be concerned to enquire whether
the powers exercised or purported to be exercised have been exercisable or whether any money
remains due on the security of this Agreement or as to the necessity or expediency of the
stipulations and conditions subject to which any sale shall have been made or otherwise as to
the propriety or regularity of such sale, calling in, collection or conversion or to see to
the application of any money paid to the Pledgee or such receiver and manager and in the
absence of mala fides on the part of such purchaser, mortgagor, mortgagee or other person or
company, such dealing shall be deemed in so far as regards the safety and protection of such
purchaser, mortgagor, mortgagee person or company to be within the powers hereby conferred and
to be valid and effectual accordingly.

	9.	 	Security Interests Absolute

	9.1	 	The obligations of the Pledgor under this Agreement are independent of the Secured
Obligations and a separate action or actions may be brought and prosecuted against the Pledgor
to enforce this Agreement, irrespective of whether any action is brought against the Credit
Parties or any other party or whether the Pledgor is joined in any such action or actions.

	9.2	 	All the rights of the Pledgee and all obligations of the Pledgor hereunder shall be absolute
and unconditional, irrespective of:

	 	(i)	 	any lack of validity or enforceability of any other Credit Document or any
agreement or instrument relating thereto;

	 	(ii)	 	any change in the time, manner or place of payment of, or in any other term of,
all and any of the Secured Obligations or any other amendment or waiver of or any
consent to any departure from any other Credit Document;

	 	(iii)	 	any taking, exchange, release or non-perfection of any other collateral, or
any taking, release, amendment or waiver of or consent to departure from any guaranty,
for all or any of the Secured Obligations;

	 	(iv)	 	any manner of application of collateral, or proceeds thereof, to all or any of
the Secured Obligations, or any manner of sale or any other disposition of any
collateral for all or any of the Secured Obligations;

	 	(v)	 	any other circumstance that might otherwise constitute a defence available to,
or a discharge of, the Pledgor or a third party grantor of a security interest.

	10.	 	Indemnity and Expenses

	10.1	 	The Pledgor shall indemnify and hold harmless the Pledgee (and all of its officers,
directors, employees, attorneys, consultants and agents) from and against any and all claims,
damages, losses, liabilities, obligations, penalties, costs and expenses (including, without
limitation, legal fees and disbursements of counsel) to the extent that they arise out of or
otherwise result from this Agreement (including, without limitation, enforcement of this
Agreement), except, as to any such indemnified Person, claims, losses or liabilities resulting
solely and directly from such Person’s gross negligence or wilful misconduct as determined by
a final judgment of a court of competent jurisdiction.

	10.2	 	Pledgor agrees to pay to the Pledgee upon demand the amount of any and all reasonable costs
and expenses, including the reasonable fees and disbursements of the Pledgee’s counsel and of
any experts and agents, which the Pledgee may incur in connection with:

	 	(i)	 	the preparation, negotiation, execution, delivery, recordation, administration,
amendment, waiver or other modification or termination of this Agreement;

	 	(ii)	 	the custody, preservation, use or operation of, or the sale of, collection
from, or other realization upon, any Pledged Shares and Pledged Collateral;

	 	(iii)	 	the exercise or enforcement of any of the rights of the Pledgee hereunder; or

	 	(iv)	 	the failure by Pledgor to perform or observe any of the provisions hereof.

	11.	 	Discharge of Security

	11.1	 	Upon the payment in full in cash of the Secured Obligations (other than contingent
indemnification obligations to the extent no claim giving rise thereto has been asserted until
the date falling one year after the payment in full of the Secured Obligations):

	 	(i)	 	this Agreement and the security created hereby shall terminate and all rights
to the Pledged Shares and Pledged Collateral shall revert to the Pledgor; and

	 	(ii)	 	the Pledgee will, upon the Pledgor’s request and at the Pledgor’s expense:

	 	(a)	 	return to the Pledgor such of the Pledged Shares and the
Pledged Collateral as shall not have been sold or otherwise disposed of or
applied pursuant to the terms hereof and;

	 	(b)	 	execute and deliver to the Pledgor, without recourse,
representation or warranty, such documents as the Pledgor shall reasonably
request to evidence such termination.

	12.	 	Governing Law and Jurisdiction

	12.1	 	This Agreement shall be governed by and construed in accordance with the laws of
Mauritius.

	12.2	 	For the purpose of this Agreement, the parties submit to jurisdiction of the Courts of
Mauritius.

	13.	 	Waiver

	13.1	 	No failure or delay on the part of Pledgee in exercising any right, power or privilege
under this Agreement and no course of dealing between the Pledgor and the Pledgee shall
operate as a waiver thereof.

	14.	 	Severability

	14.1	 	Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining portions hereof or thereof or affecting
the validity or enforceability of such provision in any other jurisdiction.

	15.	 	Company Acknowledgment

	15.1	 	The Company hereby acknowledges the existence of this Agreement and agrees / undertakes:

	 	(i)	 	that it has no objection to the terms hereof;

	 	(ii)	 	that this Agreement shall be recorded in the books of the Company;

	 	(iii)	 	upon receipt of notice of the occurrence of an Event of Default from the
Pledgee (which may be relied upon by the Company without any enquiry that the security
created by this Agreement has become enforceable, until otherwise ordered by a
competent Court of Law):

	 	(a)	 	to pay directly to the Pledgee, or to any person nominated by
the Pledgee, all amounts payable in respect of the Pledge Shares and Pledged
Collateral;

	 	(b)	 	unless otherwise notified by the Pledgee, to treat the Pledgee
as the owner of the Pledged Shares and Pledged Collateral and as the only
person entitled to deal with the Pledged Shares and Pledged Collateral
(provided that the Pledgee shall not be liable to perform any obligations of
the Pledgor in respect of the Pledged Shares and Pledged Collateral).

	 	(iv)	 	to maintain its corporate existence and its right to carry on its business or
operations as contemplated by this Agreement until the Secured Obligations shall have
been satisfied in full;

	 	(v)	 	that the Pledgor is liable to perform all obligations assumed by it as owner of
the Pledged Shares and Pledged Collateral; and

	 	(vi)	 	it shall record in its share register the transfer of any Pledged Shares sold
by the Pledgee pursuant to Clause 8.1 and it shall issue a certificate to the
transferee of the Pledged Shares.

	16.	 	Communications

	16.1	 	Any communication to be made under or in connection with this Agreement shall be in
accordance with the procedure set out in Clause 9.2 of the Credit Agreement.

This Agreement has been made in 3 originals.

Signature pages follow

1

IN WITNESS WHEREOF, the Parties have caused this Agreement to be fully executed and delivered
as of the date first above written.

LIONBRIDGE TECHNOLOGIES, INC. (“Pledgor”)

	 	 	 
	By:

Name:

Title:

	 	/s/Rory J. Cowan

Rory J. Cowan

President and Chief Executive Officer

LIONBRIDGE MAURITIUS LTD. (“Company”)

	 	 	 
	By:

Name:

Title:

	 	/s/Stephen J. Lifshatz

Stephen J. Lifshatz

Director
	 
	 	 

2

WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent (“Pledgee”)

	 	 	 
	By:

Name:

Title:

	 	/s/ Mark B. Felker

Mark B. Felker

Managing Director,

Wachovia Bank, National Association
	 
	 	 

3

Schedule 1: Transfer in the Register of Pledges

LIONBRIDGE MAURITIUS LTD.

(the “Company”)

Transfer in the Register of Pledges

(Section 86 of the Companies Act 2001)

Inscription of a transfer in the register of pledges subject to the terms of a Share Pledge
Agreement executed on December 4, 2006 by Lionbridge Technologies Inc., as Pledgor, in favour of
Wachovia Bank, National Association, as Administrative Agent and Pledgee, pursuant to Section 86 of
the Companies Act 2001.

It is hereby recorded and inscribed that the Pledgor has pledged 13 Ordinary Shares of par value
one US Dollar (US$ 1.00) each evidenced by share certificate number 2 in favour of Wachovia Bank,
National Association, as Administrative Agent and Pledgee, to secure all the Credit Party
Obligations as defined in the Credit Agreement (the “Credit Agreement”) dated 1st
September 2005 by and among the Pledgor, Lionbridge International, Lionbridge Technologies Holdings
B.V., Lionbridge of Europe B.V., the Material Domestic Subsidiaries of the Pledgor, Lionbridge
Holdings Luxembourg S.A.R.L., Lionbridge Luxembourg S.A.R.L. and the Subsidiaries of the Irish
Borrower and the Dutch Borrowers, the lenders from time to time party thereto and the Pledgee, to
which the Company has joined by virtue of a joinder agreement dated December 4, 2006. Capitalised
terms used herein shall, unless the context otherwise requires, shall have the same meaning as in
the Credit Agreement.

Signature pages follow

4

IN WITNESS WHEREOF the above has been inscribed in the register of pledges of the Company.

LIONBRIDGE TECHNOLOGIES, INC (“PLEDGOR”)

	 	 	 	 	 
	By:
	 	 	—	 
	Name:
	 	 	—	 

LIONBRIDGE MAURITIUS LTD (“COMPANY”)

	 	 	 	 	 
	By:
	 	 	—	 
	Name:
	 	 	—	 

On behalf of International Financial Services Limited, Secretary

5

WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent (“PLEDGEE”)

	 	 	 	 	 
	By:
	 	 	—	 
	Name:
	 	 	—	 

6

Schedule 2: Format of Stock Transfer Form

TRANSFER OF SHARES

We, Lionbridge Technologies Inc, (the “Transferor”) of 1050 Winter Street, Waltham, MA 02451, USA ,
in consideration for the sum of USD      paid to us by      (the
“Transferee”) of      do hereby transfer to the Transferee 13 Ordinary
shares each of USD 1.00 each, numbered 8-20, all fully paid in the undertaking called Lionbridge
Mauritius Ltd. to hold unto the Transferee, its executors, administrators, successors and assigns,
subject to the several conditions on which we held the same at the time of the execution of this
transfer, and we, the Transferee, do hereby agree to take the said shares subject to the same
conditions.

The Transferor and the Transferee hereby certify that the Company does not reckon among its assets
any freehold or leasehold immovable property in Mauritius or shares in any partnership which
reckons among its assets such property or shares that the partnership holds in any other
partnership or successive partnerships which reckons amongst its assets such property.

	 	 	 	 	 
	TRANSFEROR
	 	TRANSFEREE

	 
	 	 	..............................................	 
	Name: ........................
	 	Name: ..........................
	For and on behalf of:
	 	For and on behalf of:
	Lionbridge Technologies, Inc.
	 	 	 	 
	Date:
	 	Date:

7

Schedule 3: Certificate of inscription of Transfer of Pledge

LIONBRIDGE MAURITIUS LTD.

(the “Company”)

Wachovia Bank, National Association

One Wachovia Center

Charlotte

North Carolina 28288-0737

United States of America

[*] 2006

Sirs,

We refer to the Share Pledge Agreement (the “Agreement”) dated December 4, 2006 between
Lionbridge Technologies, Inc as Pledgor, yourselves as Pledgee and the Company. Capitalised terms
used in this letter shall have the same meaning as in the Agreement.

We confirm, as the secretary of the Company, that the Transfer in Pledge has, in accordance with
Clause 4.2 of the Agreement and Section 86 of the Act, been duly inscribed in the register of
pledges of the Company.

Yours faithfully,

     

Name:      

For and on behalf of International Financial Services Limited

8

Schedule 4: Acknowledgment of service of Agreement on Company

LIONBRIDGE MAURITIUS LTD.

(the “Company”)

Wachovia Bank, National Association

One Wachovia Center

Charlotte

North Carolina 28288-0737

United States of America

[*] 2006

Sirs,

We refer to the Share Pledge Agreement (the “Agreement”) dated December 4, 2006 between Lionbridge
Technologies, Inc. as Pledgor, yourselves as Pledgee and the Company. Capitalised terms used in
this letter shall have the same meaning as in the Agreement.

On behalf of the Company, I confirm, in accordance with Clause 4.4 of the Agreement, that the
Pledgor has caused to be served on the Company by registered post a copy of the Agreement. This
letter shall constitute an “accusé de réception” in accordance with Article 2075 of the Civil Code.

Yours faithfully,

     

Name:      

Director of the Company

9

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