Document:

THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR APPLICABLE STATE SECURITIES LAWS. THE WARRANT MAY NOT BE SOLD, OFFERED
FOR SALE, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF UNLESS IT HAS BEEN REGISTERED UNDER THOSE LAWS OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL SATISFACTORY TO IT THAT SUCH
DISPOSITION IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

Right to Purchase ____ Shares

of Common Stock of Vsource, Inc.

VSOURCE, INC.

Common Stock Purchase Warrant

          VSOURCE, INC., a Delaware corporation (the "Company"), hereby certifies that as of August 2, 2005 (the "Issue Date"), for value received, [NAME] [ADDRESS] (the "Holder") is
entitled, subject to the terms set forth below, to purchase from the Company at any time on or before 5:00 p.m., Pacific Daylight Time, on August 2, 2008 (the "Expiration Date")
__________ (____) fully paid and nonassessable shares of common stock of the Company, par value $0.01 per share (the "Common Stock"), at a purchase price per share equal to the Purchase Price,
as defined herein. The number of such shares of Common Stock and the Purchase Price are subject to adjustment as provided in this Warrant. The initial purchase price for shares subject to this
Warrant will be 35/100 Dollars ($0.35) per share (the "Initial Purchase Price"), and will be adjusted from time to time as provided herein. The Initial Purchase Price or, if such price has
been adjusted, the price per share of Common Stock as last adjusted pursuant to the terms hereof is referred to as the "Purchase Price" herein.

          1.  Exercise of Warrant; Vesting.

               (a) Subject to (b) below, this Warrant may be exercised by the Holder hereof in full at any time until the Expiration Date by surrender of this Warrant and the subscription form annexed hereto
(duly executed by the Holder), to the Company, and by making payment in cash or by certified or official bank check payable to the order of the Company, in the amount obtained by multiplying
(i) the number of shares of Common Stock subject to the Warrant by (ii) the Purchase Price then in effect. The shares of Common Stock subject to this Warrant shall initially be one-third
vested, rounded downwards to the nearest share of Common Stock. Holder shall acquire a vested interest with respect to an additional one-third of the shares of Common Stock subject to this Warrant
upon the passing each one year anniversary of the Issue Date so that upon the second anniversary of the Issue Date all shares of Common Stock underlying this Warrant shall be vested.

               (b) In the event Holder ceases to be a member of the Advisory Board of the Company, Holder shall have sixty (60) days from the date Holder ceases to be a member of 

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the Advisory Board (the "End
Date") to exercise all shares of Common Stock underlying this Warrant which have vested as of the End Date. Any such exercise shall be in accordance with the provisions of (a) above, and failure to
exercise within the time period shall result in Holder's forfeiture of all rights and interest in this Warrant.

          2.  Delivery of Stock Certificates, etc., on Exercise. As soon as practicable after the exercise of this Warrant, the Company will cause to be issued in the name of and
delivered to the Holder hereof a certificate for the number of fully paid and nonassessable shares of Common Stock (or Other Securities) to which the Holder shall be entitled on such exercise, plus,
in lieu of any fractional share to which the Holder would otherwise be entitled, cash equal to such fraction multiplied by the then current fair market value (as reasonably determined by the Company)
of one full share, together with any other stock or other securities or property (including cash, where applicable) to which the Holder is entitled upon such exercise. "Other Securities" shall
mean any stock (other than Common Stock) and other securities of the Company or any other person (corporate or otherwise) which the Holder at any time shall be entitled to receive, or shall have
received, on the exercise of this Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable or shall have been issued in exchange for or in replacement of Common
Stock or Other Securities pursuant to Sections 3 or 4.

          3.  Adjustment.

               (a) Initial Purchase Price; Subsequent Adjustment of Price and Number of Purchasable Shares. The Initial Purchase Price will be adjusted from time to time as provided below. Upon each
adjustment of the Purchase Price, the Holder will thereafter be entitled to purchase, at the Purchase Price resulting from such adjustment, the number of shares of Common Stock obtained by
multiplying the Purchase Price in effect immediately before such adjustment by the number of shares of Common Stock purchasable pursuant to this Warrant immediately before such adjustment and
dividing the product by the Purchase Price resulting from such adjustment.

               (b) Adjustment for Stock Splits and Combinations. If the Company at any time or from time to time after the date of this Warrant effects a subdivision of the outstanding shares of Common
Stock, by stock split or otherwise, the Purchase Price then in effect immediately before that subdivision shall be proportionately decreased; and, conversely, if the Company at any time or from time
to time after the date of this Warrant combines the outstanding shares of Common Stock, by reverse stock split or otherwise, the Purchase Price then in effect immediately before that combination
shall be proportionately increased. Any adjustment under this Section 3(b) shall become effective at the close of business on the date the subdivision or combination becomes effective.

               (c) Adjustment for Certain Dividends and Distributions. In the event the Company at any time or from time to time after the date of this Warrant either makes, or fixes a record date for the
determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in additional shares of Common Stock, then and in each such event the Purchase Price then in
effect shall be decreased as of the time of such issuance or, in 

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the event such a record date is fixed, as of the close of business on such record date, by multiplying the Purchase Price then in
effect by a fraction (1) the numerator of which is the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance on the close of business on
such record date, and (2) the denominator of which shall be (i) the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance or the close
of business on such record date plus (ii) the number of shares of Common Stock issuable in payment of such dividend or distribution; provided, however, that if such record date is
fixed and such dividend is not fully paid or if such distribution is not fully made on the date fixed therefor, the Purchase Price shall be recomputed accordingly as of the close of business on such
record date or date fixed therefor and thereafter the Purchase Price shall be adjusted pursuant to this Section 3(c) as of the time of actual payment of such dividend or distribution. For
purposes of the foregoing formula, "the total number of shares of Common Stock issued and outstanding" on a particular date shall include shares of Common Stock issuable upon conversion of stock or
securities convertible into Common Stock and the exercise of warrants, options or rights for the purchase of Common Stock which are outstanding on such date.

               (d) Adjustments for Other Dividends and Distributions. In the event the Company at any time or from time to time after the date of this Warrant makes, or fixes a record date for the
determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then and in each such event,
provision shall be made so that the Holder shall receive upon exercise hereof, in addition to the number of shares of Common Stock receivable thereupon, the amount and kind of securities of the
Company which it would have received had this Warrant been exercised for Common Stock as of the date of such event and had it thereafter, during the period from the date of such event to and
including the date of exercise, retained such securities receivable by it as aforesaid during such period, subject to all other adjustments called for during such period under this Section 3
with respect to the rights of the Holder.

               (e) Adjustment for Recapitalization, Reclassification, or Exchange. If the Common Stock issuable upon the exercise of this Warrant is changed into the same or a different number of shares
of any class or classes of stock of the Company, whether by recapitalization, reclassification or other exchange (other than a subdivision or combination of shares, or a stock dividend or a
reorganization, merger, consolidation or sale of assets, provided for elsewhere in this Section 3), then and in any such event the Holder shall have the right thereafter to exercise this Warrant
to purchase the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other exchange by holders of the number of shares of Common Stock
which might have been purchased under this Warrant immediately prior to such recapitalization, reclassification or other exchange, all subject to further adjustment as provided herein.

               (f) Reorganizations, Mergers, Consolidations or Sales of Assets. If at any time or from time to time there is a capital reorganization of the Common Stock (other than a subdivision or
combination of shares or a stock dividend or a recapitalization, reclassification or other exchange of shares, provided for elsewhere in this Section 3 or a merger or consolidation of the
Company with or into another corporation, or the sale of all or 

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substantially all of the Company's assets to any other person), then, as a part of such capital reorganization, provision shall be made
so that the Holder shall thereafter be entitled to receive upon exercise of this Warrant the number of shares of stock or other securities or property of the Company, or of the successor corporation
resulting from such capital reorganization, to which a holder of the number of shares of Common Stock deliverable upon such exercise would have been entitled on such capital reorganization. In any
such case, appropriate adjustment shall be made in the application of the provisions of this Section 3 with respect to the rights of the Holder after the capital reorganization to the end that
the provisions of this Section 3 (including the number of shares deliverable upon exercise of this Warrant) shall continue to be applicable after that event and shall be as nearly equivalent to
the provisions hereof as may be practicable.

               (g) Certificate of Adjustment. Upon the occurrence of each adjustment or readjustment of the Purchase Price and/or the number of shares of Common Stock subject to this Warrant, the Company
at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof, and shall prepare and furnish to the Holder a certificate setting forth such adjustment or
readjustment and showing in detail the facts upon which such adjustment or readjustment is based.

          4.  Exercise upon Reorganization, Consolidation, Merger, etc. In case at any time or from time to time, the Company intends to (a) effect a reorganization,
(b) consolidate with or merge into any other person, (c) sell or transfer all or substantially all of its properties or assets to any other person, (d) dissolve, (e) consummate an
initial public offering of its securities; or if the Company is sold through the sale of its capital stock, then, notwithstanding any other provision of this Warrant, in each such case, as a
condition of such reorganization, consolidation, merger, sale, dissolution, conveyance, or offering the Company shall give at least ten (10) days' notice to the Holder of such pending transaction
whereby the Holder shall have the right to exercise this Warrant prior to any such reorganization, consolidation, merger, sale, dissolution, conveyance or offering. Any exercise of this Warrant
pursuant to notice under this Section shall be conditioned upon the closing of such reorganization, consolidation, merger, sale, dissolution, conveyance or offering which is the subject of the notice
and the exercise of this Warrant shall not be deemed to have occurred until immediately prior to the closing of such transaction.

          5.  Further Assurances. The Company will take all action that may be necessary or appropriate in order that the Company may validly and legally issue fully paid and
nonassessable shares of Common Stock, free from all taxes, liens and charges with respect to the issue thereof, on the exercise of all or any portion of this Warrant from time to time
outstanding.

          6.  Notices of Record Date, etc. In the event of:

               (a) any taking by the Company of a record of the holders of any class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend on, or any right to
subscribe for, purchase or otherwise acquire any shares of stock of any class or any other securities or property, or to receive any other right, or

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               (b) any capital reorganization of the Company, any reclassification or recapitalization of the capital stock of the Company or any transfer of all or substantially all of the assets of the Company
to or the sale, consolidation or merger of the Company with, to or into any other person, or

               (c) any voluntary or involuntary dissolution, liquidation or winding up of the Company;

then and in each such event the Company will mail or cause to be mailed to the Holder, at least ten (10) days prior to such record date, a notice specifying (i) the date on which any such
record is to be taken for the purpose of such dividend, distribution or right, and stating the amount and character of such dividend, distribution or right, (ii) the date on which any such
reorganization, reclassification, recapitalization, transfer, consolidation, merger, dissolution, liquidation or winding up is to take place, and the time, if any is to be fixed, as of which the
holders of record of Common Stock (or Other Securities) shall be entitled to exchange their shares of Common Stock (or Other Securities) for securities or other property deliverable on such
reorganization, reclassification, recapitalization, transfer, consolidation, merger, dissolution, liquidation or winding up, and (iii) the amount and character of any stock or other securities,
or rights or options with respect thereto, proposed to be issued or granted, the date of such proposed issue or grant and the persons or class of persons to whom such proposed issue or grant is to be
offered or made.

          7.  Reservation of Stock, etc., Issuable on Exercise of Warrants. The Company will at all times reserve and keep available out of its authorized but unissued shares of
capital stock, solely for issuance and delivery on the exercise of this Warrant, a sufficient number of shares of Common Stock (or Other Securities) to effect the full exercise of this Warrant and
the exercise, conversion or exchange of any other warrant or security of the Company exercisable for, convertible into, exchangeable for or otherwise entitling the Holder to acquire shares of Common
Stock (or Other Securities), and if at any time the number of authorized but unissued shares of Common Stock (or Other Securities) shall not be sufficient to effect such exercise, conversion or
exchange, the Company shall take such action as may be necessary to increase its authorized but unissued shares of Common Stock (or Other Securities) to such number as shall be sufficient for such
purposes.

          8.  Transfer of Warrant. This Warrant cannot be transferred without the prior written consent of the Company, which consent shall not be unreasonably withheld; 
provided, however, the Holder may transfer this Warrant to any of its affiliates without such consent so long as such transfer complies with all applicable securities laws.

          9.  No Rights as a Stockholder. This Warrant shall not entitle the Holder hereof to any voting rights or other rights as a stockholder of the Company.

          10.  Notices, etc. All notices which are required to be given pursuant to this Warrant shall be in writing and shall be delivered by certified mail, return receipt
requested, first class postage prepaid, or sent by overnight express or similarly recognized overnight delivery with receipt acknowledged or by facsimile, with a copy thereof sent by one of the other
means. 

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Notices shall be deemed to have been given at the time delivered and shall be addressed as follows or to such other address as a party may designate by proper notice hereunder.

	If to Holder:		To the address set forth on the first page hereof.

	If to the Company:		Vsource, Inc.

7855 Ivanhoe Avenue, Suite 200

La Jolla, California 92037

Attn.: CEO

          11.  Securities Laws. By acceptance of this Warrant, the Holder hereby represents to the Company that this Warrant is being acquired for investment for the Holder's own
account, not as a nominee or agent, and not with a view to the resale or distribution thereof, and that the Holder has no present intention of selling, granting any participation in, or otherwise
distributing this Warrant or the Common Stock issuable upon exercise of this Warrant. By acceptance of this Warrant, the Holder further represents that the Holder does not presently have any
contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to this Warrant or the Common Stock
issuable upon exercise of this Warrant. The Holder is an "accredited investor" as the term is defined in Rule 501(a) of Regulation D promulgated under the Securities Act and has sufficient knowledge
and experience in finance and business that it is capable of evaluating the risks and merits of its investment in the shares subject to this Warrant and the Holder is able financially to bear the
risks thereof. The Holder understands that the sale and issuance of this Warrant and the Common Stock issuable upon exercise of this Warrant have not been registered under the Securities Act, by
reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the
Holder's representations as expressed herein. The Holder further recognizes and acknowledges that because the sale and issuance of this Warrant and the Common Stock issuable upon exercise of this
Warrant are unregistered, they may not be eligible for resale, and may only be resold in the future pursuant to an effective registration statement under the Securities Act and any applicable state
securities laws, or pursuant to a valid exemption from such registration requirements and that the Holder must, therefore, bear the economic risk of such investment indefinitely.

          12.  Legend. Unless theretofore registered for resale under the Securities Act, each certificate for shares of Common Stock issued upon exercise of this Warrant shall bear
the following or a similar legend:

THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY APPLICABLE STATE SECURITIES LAWS. THE SECURITIES
HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE RESOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN 

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EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OR AN OPINION OF
COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY THAT SUCH DISPOSITION IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

          13.  Miscellaneous. This Warrant and any terms hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the party against which
enforcement of such change, waiver, discharge or termination is sought. This Warrant shall be construed and enforced in accordance with and governed by the internal laws of the State of Delaware,
without regard to conflict of laws principles. The headings in this Warrant are for purposes of reference only, and shall not limit or otherwise affect any of the terms hereof. The invalidity or
unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.

***

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          IN WITNESS WHEREOF, the Company has caused this Warrant to be executed on its behalf by one of its officers thereunto duly authorized as of August 2, 2005.

			
		VSOURCE, INC.

		By:	/s/ David Hirschhorn

		Name:	DAVID HIRSCHHORN
		Title:	Co-Chief Executive Officer

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FORM OF SUBSCRIPTION

VSOURCE, INC.

(To be signed only on exercise of Warrant)

TO: VSOURCE, INC.

          1.     The undersigned Holder of the attached original, executed Warrant of Vsource, Inc., a Delaware corporation (the "Company"), hereby elects to exercise its purchase right under such
Warrant with respect to ______________ (__________) shares (the "Exercise Shares") of Common Stock (as defined in the Warrant), constituting all the shares of Common Stock subject to the
Warrant.

          2.     The undersigned Holder is hereby paying the aggregate purchase price for such the Exercise Shares (i) by the enclosed certified or official bank check payable in United States
dollars to the order of the Company in the amount of $___________, or (ii) by wire transfer of United States funds to the account of the Company in the amount of $______________, which transfer
has been made before or simultaneously with the delivery of this Form of Subscription pursuant to the instructions of the Company.

          3.     Please issue a stock certificate or certificates representing the Exercise Shares in the name of the undersigned Holder.

Dated:_______________________

		
Signature of HolderEMPLOYMENT AND NON-COMPETITION AGREEMENT

By and Between

Vsource (USA) Inc.

and

David Hirschhorn

Dated as of July 18, 2005

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          This EMPLOYMENT AND NON-COMPETITION AGREEMENT, dated as of July 18, 2005 (the "Start Date"), by and between Vsource (USA) Inc. (the "Company") and David HIrschhorn ("Employee").

          In consideration of Employee's employment by the Company, the parties hereto agree as follows:

1.     Employment. Subject to earlier termination in accordance with the provisions herein, this Agreement shall commence as of the Start Date.

        a.     Duties. The Company agrees to employ Employee and Employee agrees to serve the Company, as its Co-Chief Executive Officer, subject to the direction of the Board of Directors of the
Company (the "Board"), and to have such authority and duties relative to the operation of the Company as may be determined by the Board. In addition, Employee agrees, if requested by Vsource, Inc.,
the Company's parent company ("VSI"), to serve as the Co-Chairman of the Board of Directors of VSI and Co-Chief Executive Officer of VSI subject to the direction of the Board of Directors of VSI,
with such authority and duties relative to the operation of VSI as may be determined by the Board of Directors of VSI.

        b.     Term. The initial term of this Agreement shall be from the Start Date hereof until the day that is three years after the Start Date (the "Initial Term"). This Agreement shall renew
automatically for additional one (1) year terms unless either party gives notice of termination not less than 60 days prior to the end of the Initial Term.

        c.     Best Efforts. During the term of his employment under this Agreement, Employee shall devote substantially all his business time, attention, skill, and efforts to the faithful performance
of his duties hereunder, and will use his best efforts to advance the interests of the Company, VSI. or any parent company thereof, and any subsidiaries thereof (the "Vsource Companies"). Employee
agrees that he shall not undertake any outside activities which creates a conflict in interest with his duties to the Company or VSI, or which, in the judgment of the Board of Directors of VSI,
interfere with the performance of the Employee's duties to the Company and/or VSI.

2.     Compensation.

        (a)     Base Salary. The Company shall pay to Employee, as consideration for the services to be rendered by Employee hereunder, a base salary (as applicable to each year below, a "Base Salary")
as follows:

	Year

		Base Salary
	"Year One" - Year ending July 18, 2006:

		$204,000
	"Year Two" - Year ending July 18, 2007:

		$240,000
	"Year Three" - Year ending July 18, 2008:		$360,000

Base Salary payments in cash shall be made in equal installments in accordance with the Company's then prevailing payroll policy.

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Base Salary for years after the expiration of the Initial Term shall be mutually determined by the Company and Employee.

        (b)     Rule 12b5-1(c) Trading Program. As soon as practicable, Company will work with Employee to facilitate Employee's establishment and adoption of a stock trading program (the "Trading
Program") in accordance with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended, which program shall provide for the establishment of "blind trusts" and Rule 10b5-1 sales plans to
permit Employee to satisfy liquidity and diversification objectives and to increase the amount of VSI common stock, par value $0.01 per share ("Common Stock"), available to investors. Upon the
establishment of the Trading Program, Employee may make an annual election to receive Base Salary payments, in whole or in part, in shares of Common Stock registered under a Form S-8 registration
statement ("S-8 Stock") or restricted shares of Common Stock. Employee shall make such election in writing to the Company and the Company shall work with Employee and the Trading Program
administrator to implement such election as soon as practicable with respect to future compensation, but no earlier than sixty (60) days following receipt of Employee's written election.

        (c)     Base Salary Stock Valuation. For purposes of this Agreement, any Base Salary paid hereunder to Employee in the form of S-8 Stock or restricted shares of Common Stock shall be valued at
the opening trading price of Common Stock as quoted on the OTC Bulletin Board, or such other public exchange on which the Common Stock is listed, on the "Issuance date". The "Issuance Date" shall
mean the Company's then regular payroll date.

        By way of example, if Employee is paid on a monthly basis and elects in accordance with the provisions of subsection (b) above to receive all his Base Salary in restricted shares of Common Stock
in Year Two and the opening trading price of the Common Stock is $2.00 on the regular payroll date, Employee would receive 10,000 shares of restricted Common Stock or (i) Base Salary of $240,000
divided by (ii) 12 (for the 12 months in Year Two) divided by (iii) $2.00.

        If Base Salary paid in the form of stock would result the issuance of fractional shares, such shares shall be rounded down to the nearest whole share of Common Stock and Employee shall not be
entitled to receive cash or any other payment with respect to the fractional share.

        (d) Annual Incentive Bonus. Employee shall be eligible for an annual target incentive bonus (each, an "Annual Bonus") equal to up to 300% of Employee's then applicable Base Salary, which
shall be payable upon the achievement of performance targets to be set by the Compensation Committee (the "Compensation Committee") of the Board of Directors of VSI, which committee shall be
established as soon as practicable; provided, however, Employee shall receive a guaranteed Annual Bonus (each, a "Guaranteed Annual Bonus") as follows:

	Year

		Guaranteed Annual Bonus
	Year One

		$50,000
	Year Two

		$75,000
	Year Three		$100,000

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        If the Trading Program has been implemented, Annual Bonuses shall be paid to Employee at his direction in the form of cash, S-8 Stock, or restricted shares of Common Stock, which direction shall
be made in writing to the Company no later sixty (60) days prior to the then applicable anniversary of the Start Date. Any stock component of an Annual Bonus shall be valued as of the opening trading
price of Common Stock as quoted on the OTC Bulletin Board, or such other public exchange on which the Common Stock is listed, on the then applicable anniversary of the Start Date. In the event the
Trading Program has not been implemented or Employee fails to elect the form of compensation with regard to his Annual Bonus by the applicable due date, the Company shall pay Annual Bonus in
cash.

        All cash Annual Bonuses shall be payable no later than thirty (30) days after the then applicable anniversary of the Start Date.

        Annual Bonus payments in S-8 Stock or restricted shares of Common Stock shall be made as soon as practicable following the then applicable anniversary of the Start Date and evidenced by further
agreements between Employee and VSI as are necessary, which agreements will contain such other terms, conditions, representations, warranties, and indemnities as VSI requires and as are customary for
transactions between public companies and its senior management regarding the sale or issuance of public equity securities.

        (e)     Sign-On Bonus. Employee shall receive a sign on bonus of $7,500, which will be paid in cash no later than August 31, 2005. In the event of a Voluntary Termination (as defined below),
Employee shall return to the Company (no later than thirty (30) days after such Voluntary Termination) an amount in cash equal to $7,500 multiplied by the fraction determined dividing (x) the number
of months remaining from the date of the Voluntary Termination until the expiration of the Initial Term by (y) thirty-six (36) (the "Pro-Rated Fraction").

        (f)     Withholdings. Amounts payable to Employee under this Agreement shall be reduced by standard withholdings and other authorized deductions.

3.     Stock Options, Restricted Stock and Similar Types of Compensation Benefits. Stock option grants, participation in restricted stock programs or deferred compensation programs
and other similar types of compensation plans will be decided by the Compensation Committee or full Board of Directors of VSI but in any event will be on generally the same terms and conditions made
available to other members of senior management of the Vsource Companies. Notwithstanding the foregoing, the Company agrees, subject to Vsource obtaining any necessary approval of VSI's Board,
to:

		(a)	Sign-on Stock Grant. Grant to Employee 1,250,000 shares of restricted Common Stock (the "Sign-on Stock"), which shares shall be complete vested as of the Start Date. In the event of a
Voluntary Termination (as defined below), Employee shall forfeit and return (no later than thirty (30) days after such Voluntary Termination) to the Company for cancellation the number of shares of
Sign-on Stock equal to 1,250,000 multiplied by the Pro-Rated Fraction; and

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		(b)	Annual Stock Grants. Grant to Employee in each of Years Two and Three a grant of no less than 50,000 vested shares of restricted Common Stock (each, an "Annual Stock Grant"); provided,
however, in the event of a Voluntary Termination shall forfeit his right to the any unearned Annual Stock Grant.

To the degree necessary, the transactions set forth in (a) and (b) above will be contained in further agreements between Employee and VSI and will reflect the terms and conditions of this
Agreement and contain such other terms, conditions, representations, warranties, and indemnities as VSI requires and as are customary for transactions between public companies and its senior
management regarding the sale or issuance of public equity securities.

4.     Benefits. Employee shall be treated in at least the same manner as, and shall be entitled to at least such benefits and other prerequisites and terms and conditions at least no
less favorable than those generally provided to the Company's senior management. Employee shall be eligible to participate in the Company's medical insurance, life insurance and 401(k) programs on
like terms with the Company's senior management.

5.     Expenses. Upon presentation of proper vouchers, receipts or other proof, Employee shall be reimbursed promptly by the Company for all reasonable travel and other expenses
incurred by Employee in connection with performing his employment obligations hereunder.

6.     Vacations. Employee shall be entitled to four (4) weeks paid vacation per year during the term of his employment.

7.     Termination of Employment.

                a.     By the Employee. Employee's employment may be terminated by Employee, without cause (a "Voluntary Termination") upon sixty (60) days written notice to the Company.

                b.     By the Company. Employee's employment may be terminated by the Company or VSI:

		        i.     immediately, in the event that (1) Employee is convicted or pleads guilty or nolo contendere to a felony or a crime of moral turpitude, (2) the Board of Directors of the Company or VSI
determines in good faith that Employee has violating any fiduciary duty, violated his duty of loyalty to the Vsource Companies, been grossly negligent or acted dishonestly to the material detriment
of the Company or any Vsource Companies, (3) Employee willfully disobeys the instructions or mandates of the Board of Directors of the Company or VSI and such disobedience continues after Employee is
afforded a reasonable opportunity to cure such disobedience, or (4) the Board of Directors of the Company or VSI makes a good faith determination that Employee has engaged in actions amounting to
willful misconduct or failed to perform his duties hereunder and such failure continues after Employee is afforded reasonable opportunity to cure such failure (each of (1), (2), (3) or (4), refereed
to herein as a "Termination for Actual Cause"); or

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		        ii.     immediately, in the event that Employee is indicted or otherwise formally charged with a felony or a crime of moral turpitude, in which case the Board may, upon three (3) days written notice,
suspend Employee's employment by the Company. Thereafter, all payments of salary and bonuses, if any, to which Employee otherwise would be entitled under this Agreement shall be paid into an interest
bearing escrow account. In the event that Employee shall be acquitted of such charges or such charges shall otherwise be dismissed, Employee shall be reinstated as an employee, and all salary and
accrued bonuses paid into escrow, plus accrued interest, shall be paid to Employee. In the event Employee shall be convicted or pleads guilty or nolo contendere to such charges and his employment is
terminated hereunder; all salary and accrued bonuses paid into escrow plus accrued interest, shall be paid over to the Company, and for purposes of this Agreement, Employee's employment shall be
deemed to have terminated as of the date of his suspension.

		        iii.     if the Board of Directors of the Company or VSI, in its discretion, resolves to terminate Employee's employment for any reason other than those set forth in sub-sections b(i) or b(ii) above,
upon written notice to Employee.

        c.     Death of Employee. In the event of Employee's death during the term of his employment, Employee's employment pursuant to this Agreement shall be deemed to have terminated on the last day
of the calendar month during which Employee's death occurred.

        d.     Disability. In the event Employee is unable to perform his normal duties by reason of disability, then at the sole discretion of the Board of Directors of the Company or VSI, Employee's
employment pursuant to this Agreement may be treated as having been terminated on the last day of the calendar month during which Employee shall have been deemed disabled. For purposes of this
Section, "disability" shall mean the inability of Employee to perform his normal duties under this Agreement for a cumulative period in excess of six (6) months within any twelve (12) month period
due to illness, injury, incapacity or other disability, either physical or mental.

8.     Severance.

        a.     Voluntary Termination or Termination for Actual Cause. In the event of Voluntary Termination or Termination for Actual Cause, the Company shall pay to Employee, in full discharge of its
obligations hereunder, Base Salary through the date specified in the applicable notice as the termination date (the "Termination Date") of his employment, plus any bonus (annual, incentive or
otherwise) that has been awarded or earned but not yet been paid, expenses and vacation pay through the Termination Date, plus any compensation or benefits to which he may be entitled pursuant to the
benefit plans of the Company (in the aggregate, the amounts in this sentence shall be the "Accrued Amounts"); provided, that in the case of a Voluntary Termination, if the Company permits
Employee to terminate employment on a date earlier than the Termination Date, then the Company shall only be obligated to pay Employee's Accrued Amounts through such earlier date.

        b.     Death or Disability. In event Employee's employment by the Company terminates on account of Employee's death or disability, the Company shall pay to Employee (or his estate), in full
discharge of its obligations hereunder, Employee's Accrued Amounts through the Termination Date.

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        c.     Termination Without Actual Cause. In the event Employee's employment by the Company is terminated by the Company other than for Termination for Actual Cause, Employee shall be entitled
to receive (i) the Accrued Amounts and (ii) if done in Year One, a lump sum termination payment equal to (a) Employee's unpaid Base Salary for Years One, Two and Three plus (b) the Guaranteed Bonuses
for each of Years One, Two and Three, or (iii) if done in Years Two or Three, a lump sum termination payment equal to Employee's then Base Salary multiplied by two. Such lump sum termination payment
shall be made to Employee not later than 30 days after the date of such termination. All lump sum termination payments hereunder shall be made in cash. In addition, Employee shall be entitled to
receive any undelivered shares of Common Stock with regard to Annual Share Grants.

9.     Change of Control. Upon a Change of Control (as defined below), notwithstanding anything to the contrary in this Agreement, all VSI capital securities held or due to Employee
hereunder shall immediately vest.

        A "Change of Control" shall be deemed to have occurred if:

		(i)     any "person," as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "1934 Act") is, becomes or enters a contract to become, the
"beneficial owner," as such term is used in Rule 13d-3 promulgated under the 1934 Act, directly or indirectly, of securities representing fifty percent (50%) or more of the voting Common Stock of VSI
on an as-converted basis;

		(ii)     any person, whether by contract or otherwise, is entitled to nominate, vote for, or select a majority of the directors of VSI; or

		(ii)     all or substantially all of the business of the Vsource Companies is disposed of, or a contract is entered to dispose of all of the business of the Vsource Companies pursuant to a merger,
consolidation other transaction in which (a) VSI is not the surviving company or (b) the stockholders of VSI prior to the transaction do not continue to own more than fifty percent (50%) of the
surviving corporation; or

		Notwithstanding clause (i) above, a "Change of Control" shall not be deemed to have occurred solely because a person shall be, become or enter into a contract to become the beneficial owner of 50%
or more of the voting Common Stock, on an as-converted basis, of VSI, if and for so long as such person is bound by, and in compliance with, a contract with VSI providing that such person may not
nominate, vote for, or select more than a minority of the directors of VSI. The exception provided by the preceding sentence shall cease to apply with respect to any person upon expiration, waiver,
or non-compliance with any such contract, by which such person was bound.

10.     Non-Competition; Non-Solicitation. Employee covenants and agrees that:

        a.     during the term of Employee's employment with the Company (the "Non-Compete Period"), Employee will refrain from directly or indirectly (as a director, 

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officer, employee, manager, consultant,
independent contractor, advisor or otherwise) engaging in competition with, or owning any interest in, performing any services for, participating in or being connected with any business or
organization which engages in competition with any of the Vsource Companies; and

        b.     during the term of Employee's employment with the Company and for a period (the "Non-Solicitation Period") commencing on the Termination Date and ending on the date which is one (1) year from
the date of the final payment by the Company to Employee pursuant to this Agreement, Employee will refrain from: (i) soliciting directly or indirectly the patronage or business of any customer or
potential customer of the Vsource Companies with whom Employee has had personal contact or dealings on behalf of any of the Vsource Companies during the his employment with the Company; and (ii)
directly or indirectly employing, soliciting for employment, or advising or recommending to any other person that they employ or solicit for employment, any employee of any of the Vsource
Companies.

        In connection with the foregoing provisions of this Section 10, Employee represents that his experience, capabilities and circumstances are such that the provisions of these Sections will not
prevent him from earning a livelihood and that the limitations set forth herein are reasonable and properly required for the adequate protection of the Company.

11.     Confidential Information.

        a.     Non-Disclosure. Employee agrees not to use other than for the benefit of the Company and to keep confidential, during the term of Employee's employment with the Company and for at least
two (2) years thereafter, all information about the Vsource Companies which any of the Vsource Companies treat as confidential, including, but not limited to, information about customers, marketing
plans, marketing techniques, technical information, and possible new products or services, except that Employee will not be required to keep particular items of information confidential after those
items of information become generally available to the public without a breach by Employee of Employee's obligations under this Section. Employee agrees that prior to speaking with the any member of
the media industry - press, radio, television or web - during or after his employment with the Company will inform and obtain concurrence from the Company prior to doing so.

        Employee covenants and agrees that except in the performance of his/her duties hereunder, he will not, at any time, directly or indirectly, without the prior written consent of the Company, use or
disclose to any person any confidential or proprietary information ("Confidential Information") obtained or developed by him/her while employed by the Company relating to the business of the Vsource
Companies, except information which at the time:

		        (i) is available to others in the business or generally known to the public other than as a result of disclosure by him/her not permitted hereunder,

		        (ii) is lawfully acquired from a third party who is not obligated to any of the Vsource Companies to maintain such information in confidence or

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		        (iii) is used in any dispute or proceedings between the parties and/or Employee is legally compelled to disclose such information; provided, however, that prior to any such compelled
disclosure, Employee will:

			        (a) assert the privileged and confidential nature of the Confidential Information against the third party seeking disclosure and

			        (b) cooperate fully with the Company in protecting against any such disclosure and/or obtaining a protective order narrowing the scope of such disclosure and/or use of the Confidential
Information.

        In the event that such protection against disclosure is not obtained, Employee will be entitled to disclose the Confidential Information, but only as and to the extent necessary to legally comply
with such compelled disclosure.

        b.     Disclosure to the Company. Employee shall disclose promptly to the Company and assign all his/her right, title and interest in all new discoveries, ideas, formulae, products, methods,
processes, designs, trade secrets, copyrightable material, patentable inventions, or other useful technical information or know-how and all improvements, modifications or alterations of existing
discoveries made, discovered, or developed by him, either alone or in conjunction with any other person during the term of his/her employment by the Company, or using any of the Vsource Companies'
materials or facilities, which discoveries or developments are based on, derived from, or make use of any information directly related to the business disclosed to, or otherwise acquired by, Employee
from any Vsource Company during his/her employment by the Company.

        Employee agrees that any copyright, patent, trademark, or other proprietary rights in any such discoveries shall be the sole and exclusive property of the Company, and the Company need not account
to Employee for any revenue or profit derived therefrom.

        If by operation of law or otherwise, any or all of the items set forth in the sections documented, or any component or element thereof, is considered to be the intellectual property right of
Employee, Employee hereby agrees to irrevocably assign to the Company, its successor and assigns, ownership of all United States and other international copyrights and all other intellectual property
rights available with respect to each such element or item.

        Employee shall be deemed to have granted the Company an irrevocable power of attorney to execute as Employee's agent any and all documents (including copyright registrations) deemed necessary by
the Company to perfect the Company's intellectual property rights in and to each of the items set forth in these sections.

        In the case where an Employee enters into a new business venture or takes a financial stake in another enterprise during his employment with us, the Employee is required to inform the Company of
this event prior to doing so to ensure there is no conflict of interest.

        The Employee represents that he/she is under no obligation or agreement that would prevent him/her from being an employee of the Company or which will adversely impact his/her ability to perform
the expected services. As a condition of employment, the Employee hereby acknowledges and agrees that no confidential documents, computer discs, computer stored 

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information or any other confidential
property of any previous employer are to be brought on the premises or used in any way in his/her employment with the Company. As a further condition of employment, the Employee agrees not to use or
disclose the trade secrets or confidential information, if any, of a previous employer in connection with his/her services with the Company.

        c.     Trade Secrets. Employee agrees, in order to effectuate the intent of the parties hereunder with respect to confidentiality of the trade secrets of the Company, to return to the Company
forthwith upon the request of the Company or the termination of his/her employment or promptly thereafter, all documents, materials, photographs, memorandums, and all copies or reproductions thereof,
or any property of a similar or different nature containing information relating to the business of the Vsource Companies or other Confidential Information, whether such material was furnished by any
Vsource Company, or otherwise. Employee further agrees to use his/her best efforts and to exercise utmost diligence to protect and guard and keep secret and confidential all Confidential Information
that shall come into his/her possession by reason of his/her employment by the Company.

        d.     Company Property. The Employee shall use only licensed software in accordance with Company policy and applicable license agreements. Employee agrees to return to the Vsource Companies
forthwith upon the request of any Vsource Company or the termination of his employment or promptly thereafter, all other properly belonging to the Vsource Companies.

12.     Damages. Employee acknowledges that the Company may suffer irreparable harm, which cannot readily be measured by monetary terms, if Employee breaches his obligations under
Section 11 or any other section. Employee agrees and acknowledges that, in the event of any such breach, the Company shall be entitled to cancel any and all shares, and/or options or rights to
purchase shares, of its or Vsource's capital stock received by the Employee as compensation or benefits and/or cancel Employees rights to receive additional compensation pursuant to Section 2, 3 or 8
as compensation for services rendered. Employee further acknowledges and agrees that the Company may obtain injunctive or other equitable relief against Employee to prevent or restrain such breach
causing such harm; provided, however, that where such breach involves subject matter that is susceptible of being cured, Employee will cure such breach as promptly as practicable upon notice
of such breach to Employee. Such injunctive relief shall be in addition to any other remedies the Company might have under this Agreement or at law.

13.     Miscellaneous.

        a.     Notice. Any notices or other communications to Employee or to the Company under or relating to this Agreement must be in writing and will be deemed given when delivered in person or sent
by facsimile transmission to the Company or Employee, as the case may be, at the Company's principal offices, or on the third day after the day on which mailed to the Company or Employee, as the case
may be, by first class mail addressed to the Company or Employee at the Company's principal offices, except that after the term of this Agreement terminates, any notice or other communication to
Employee will be deemed given when delivered in person or sent by facsimile transmission, or on the third day after the day on which mailed by first class mail, to Employee at an address specified by
Employee to the 

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Company in the manner provided in this Section (or, if Employee does not specify an address, at the Company's principal offices).

        c.     Entire Agreement; Amendment. This Agreement represents the entire understanding of the parties with respect to the subject matter hereof. No termination, revocation, waiver,
modification, amendment or supplement to this Agreement shall be binding unless consented to in writing by Employee and the Company.

        d.     Governing Law. This Agreement shall be interpreted and construed in accordance with the laws of California, without giving effect to the conflict of laws provisions thereof.

        e.     Interpretation. As used in this Agreement, the masculine gender shall include the feminine or neuter gender and the plural shall include the singular wherever appropriate. The titles of
the paragraphs and sections have been inserted as a matter of convenience of reference only and shall not control or affect the meaning or construction of any of the terms or provisions hereof.
Nothing herein shall be construed against or more favorably toward any party by reason of any party having drafted this Agreement or any portion hereof.

        f.     Severability. Any provision of this Agreement that is invalid, illegal or unenforceable in any jurisdiction shall be automatically reformed and construed so as to be valid, operative and
enforceable to the maximum extent permitted by law, or if no reformation is permissible, shall be ineffective to the extent of such invalidity, illegality or unenforceability without invalidating or
rendering unenforceable the remaining provisions of this Agreement, and any such invalidity, illegality or unenforceability shall not, of itself, affect the validity, legality or enforceability of
such provision in any other jurisdiction.

        g.     Counterparts. This Agreement may be executed in any number of counterparts, each of which shall constitute one and the same instrument.

        h.     No Waiver. No failure or delay on the part of either party is exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any
such right or power preclude any other right or power.

        i.     Previous Employer. Employee hereby represents that he is under no obligation or agreement that would prevent him from being an employee of the Company or adversely impact his ability to
perform the expected services for the Company. As a condition of employment, no confidential documents, computer discs, computer stored information, or any other confidential properly of any previous
employer are to be brought on the premises or used in any way in your employment by the Company. As a further condition of employment, Employee agrees not to use or disclose the trade secrets or
confidential information, if any, of a previous employer in connection with Employee's services for the Company.

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        j.     Legal Counsel. Employee and the Company recognize that this is a legally binding contract and acknowledge and agree that they have each had the opportunity to consult with legal counsel
of their choice.

        IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first above written.

		Vsource (USA) Inc.

		By: 	/s/ James G. Higham

			Name: James G. Higham
			Title: Vice President

		By:	/s/ David Hirschhorn

			Name: David Hirschhorn

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