0001193125-09-107214 Sample Contracts

Mr. Matthew Appel Frisco, TX 75034 Dear Matt:
ExlService Holdings, Inc. • May 11th, 2009 • Services-business services, nec • New York

This letter agreement amends the Separation Agreement, dated October 10, 2008, by and between ExlService Holdings, Inc. (the “Company”) and you (the “Separation Agreement”). Any defined terms used and not otherwise defined in this letter agreement will have the meaning set forth in the Separation Agreement.

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EXLSERVICE HOLDINGS, INC. SEPARATION AGREEMENT
Separation Agreement • May 11th, 2009 • ExlService Holdings, Inc. • Services-business services, nec • New York

This Separation Agreement (this “Agreement”) is entered into by and between ExlService Holdings, Inc. (the “Company”) and Matthew Appel (the “Executive”) and dated as of October 10, 2008 (the “Effective Date”).

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