Document:

EXHIBIT 10.5

[LOGO] AEGON
       INSURANCE GROUP

                                   GUARANTEE

By:  AEGON N.V. (the "GUARANTOR")

Whereas:

A. As part of its CDN 500,000,000 commercial paper program (the "PROGRAM")
Transamerica Commercial Finance Corporation, Canada (the "ISSUER") proposes,
from time to time, to issue Notes.

B. The Notes will be issued pursuant to an issuing and paying agency agreement
made as of April 30, 1989 as amended by a letter agreement dated October 1, 1998
between, the Issuer, Transamerica Finance Group, Inc. (nka Transamerica Finance
Corporation) and Canadian Imperial Bank of Commerce in its capacity as agent (as
the same may be replaced from time to time, the "ISSUING AND PAYING AGENT") (as
such agreement may be further amended, supplemented, replaced or otherwise
modified from time to time, the "ISSUING AND PAYING AGENCY AGREEMENT").

C. The Notes will be sold pursuant to one or more dealer agreements entered into
from time to time between the Issuer and the dealers named therein including
without limitation, the dealer agreement dated May 31, 1989 between the Issuer
and the dealers named in it (collectively, as such agreements may be amended,
supplemented, replaced or otherwise modified from time to time, the "DEALER
AGREEMENTS").

D. AEGON has agreed to guarantee unconditionally and irrevocably all payments of
principal, premium (if any) and interest (if any) due in respect of the Notes
issued during the term of this Guarantee as set forth above and issued as part
of the Program (the "Notes") by the Issuer pursuant to the Issuing and Paying
Agency Agreement.

Now this Guarantee witnesses and it is hereby declared as follows:

         AEGON N.V., a corporation duly incorporated under the laws of The
Netherlands, hereby unconditionally and irrevocably guarantees to CDS & Co., as
nominee of the Canadian Depository for Securities Limited, or to its registered
assigns (in such capacity together with its registered assigns, "CDS")for the
benefit of CDS and each holder (a "HOLDER") of a Note issued by the Issuer, a
wholly-owned subsidiary of the Guarantor, and evidenced by one or more global
notes deposited with CDS (the "GLOBAL NOTES"), the prompt and punctual payment
(and not merely the collection) of all obligations represented by the Global
Notes, when and as the same shall become due and payable, without any
requirement that CDS, the Holder or the Issuing and Paying Agent first proceed
against the Issuer. All payments to be made under this Guarantee in respect of
the Global Notes shall be payable to CDS. This Guarantee shall also cover all
charges and expenses related to the Notes and all expenses incurred by either
CDS or the Holder in enforcing its rights under this Guarantee.

<PAGE>

                                      -2-

         The liability of the Guarantor under this Guarantee shall be
unconditional and irrevocable for the duration of this Guarantee, as hereinafter
set forth, irrespective of (i) any lack of validity or enforceability of any
Global Note or any Note, (ii) any change of the time, manner or place or
payment, or any other term, of any Global Note or any Note, (iii) any law,
regulation or order of any jurisdiction affecting any term of any Global Note or
any Note or CDS's or any Holder's rights with respect thereto, and (iv) any
other circumstances which might otherwise constitute a defence available to, or
a discharge of, the Issuer or the Guarantor.

         The Guarantee shall extend to all Notes issued by the Issuer for the
period from August 1, 2000 until June 30, 2002 (the "DURATION"). The Guarantee
shall continue in full force and effect until all principal, premium and
interest (including any additional amounts required to be paid in accordance
with the Notes) and all other monies payable in respect of each Note issued by
the Issuer during the Duration of this Guarantee have been paid. The Guarantee
may be renewed, in Guarantor's sole discretion, for a specified duration in
order to continue to serve in full force and effect for Notes issued by the
Issuer after the Duration of this Guarantee. Renewal of the Guarantee will
require an amendment to this Guarantee to be issued by the Guarantor on or
before June 15, 2002. In the event that the Issuer is no longer an affiliated
company of Guarantor, this Guarantee shall automatically terminate and be of no
force or effect with respect to all Notes issued subsequent to such event. Any
such termination of this Guarantee shall not affect the rights of any holders of
Notes issued during the Duration while the Issuer was an affiliated company of
Guarantor.

         This Guarantee is unsecured and unsubordinated and ranks pani passu
with all unsecured and unsubordinated indebtedness of the Guarantor other than
obligations that by mandatory operation of law would be given priority in a
dissolution of the Guarantor.

         The Guarantor hereby waives (i) demand, notice and presentment,
promptness, diligence, notice of acceptance and all other notice, marshalling of
assets and set-off, together with any defense by reason of extension of time for
payment or other indulgence granted by the Issuing and Paying Agent, CDS or any
Holder, or any other defense or matter whatsoever which would otherwise release
the Guarantor, and (ii) any requirement that the Issuing and Paying Agent, CDS
or any Holder exhaust any right or take any action against the Issuer or any
collateral security before proceeding against the Guarantor. The Guarantor will
not exercise any rights which it may acquire by way of subrogation or by any
indemnity, reimbursement or other agreement until all outstanding Notes and all
of the obligations under this Guarantee shall have been paid in full. The
Guarantor agrees that, if at any time all or any part of any payment under this
Guarantee is or must be rescinded or returned by CDS, the Holder or the Issuing
and Paying Agent for any reason whatsoever (including, without limitation, the
insolvency, bankruptcy or reorganization of the Issuer or the Guarantor), then
such amount shall, for purposes of this Guarantee, to the extent that such
payment is or must be rescinded or returned, be deemed to have continued to be
outstanding, notwithstanding such payment hereunder to CDS, the Holder or the
Issuing and Paying Agent, as the case may be, and this Guarantee shall continue
to be effective or be reinstated, as the case may be, as to such amount, all as
though such application has not been made.

<PAGE>

                                      -3-

         Any payments to CDS or the Issuing and Paying Agent or to any Holder
(each Dealer and Holder is hereinafter referred to in this paragraph as a
"PAYEE") from time to time with respect to this Guarantee shall be in Canadian
dollars and shall be payable free and clear of and without deduction or
withholding for, or on account of, any and all present or future taxes, duties,
assessments, levies and other governmental charges of any nature whatsoever no
or hereafter imposed, levied, collected, withheld or assessed in The Netherlands
or in any other jurisdiction from which such payments are made or any territory
or political subdivision thereof, unless such deduction or withholding is
required by law ("FOREIGN TAXES"). If by operation of law or otherwise, Foreign
Taxes are required to be deducted or withheld from any amounts payable to a
Payee, the Guarantor agrees to pay such additional amounts to each Payee (the
"ADDITIONAL AMOUNTS") as may be necessary to ensure that the net amount actually
received by the Payee, after deduction of any Foreign Taxes imposed with respect
to the payment of such Additional Amounts, shall equal the amount the Payee
would have received if no Foreign Taxes had been deducted or withheld from such
payment- provided, however, that no Additional Amounts shall be so payable for
or on account of. (i) any Foreign Taxes which would not have been imposed but
for the fact that any Payee: (A) had a present or former personal or business
connection with The Netherlands or any other jurisdiction from which payments
are made, or any territory or political subdivision thereof (a "FOREIGN
JURISDICTION") other than the mere ownership of, or receipt of payment under,
the Notes; (B) presented such Notes for payment in any Foreign Jurisdiction
unless such Notes could not have been presented for payment elsewhere; (C)
presented a Note for payment more than fifteen (15) days after the date on which
such payment became due and payable or the date on which payment thereof is duly
provided for, whichever occurs later; or (D) did not provide to the Issuer
correct or sufficient information to avoid any withholding of taxes; (ii) any
estate, inheritance, gift, sale, transfer, personal property or similar tax,
assessment or other governmental charge; or (iii) any Foreign Taxes which are
payable otherwise than by withholding or deduction.

         To the extent that the Guarantor or any of its respective properties,
assets or revenues may have or may hereafter become entitled to, or have
attributed to it, any right of immunity, on the grounds of sovereignty or other
similar grounds, from any legal action, suit or proceeding 'in connection with
or arising out of this Guarantee, from the giving of any relief thereunder, from
set-off or counterclaim, from the jurisdiction of any court, from service of
process, from attachment upon or prior to judgement, from attachment in aid of
execution of judgement, or from execution of judgement or other legal process or
proceeding for the giving of any relief or for the enforcement of any judgement,
in any j'urisdiction in which any proceeding may at any time be commenced, with
respect to its obligations, liabilities or any other matter under or arising out
of or in connection with this Guarantee, the Guarantor hereby irrevocably and
unconditionally waives, and agrees for the benefit of CDS and each Holder from
time to time of a Note, not to plead or claim any such immunity, and consents to
such relief and enforcement.

         This Guarantee shall be governed by and construed in accordance with
the laws of the State of New York, without regard to conflicts of law
provisions, except with respect to authorization and execution by or on behalf
of the Guarantor which are required to be governed by the laws of The
Netherlands. The Guarantor agrees that any legal action suit or proceeding
against it arising out of or related to this Guarantee may be brought in the
United States federal courts located in the Borough of Manhattan or the courts
of the State of New York located in the

<PAGE>

                                      -4-

Borough of Manhattan and hereby irrevocably accepts and submits to the
non-exclusive jurisdiction of the aforementioned courts, in personam, generally
and unconditionally, with respect to any suit, action or proceeding in
connection with or arising out of this Guarantee for itself and its respective
properties, assets and revenues. The Guarantor agrees that a final unappealable
judgement in any action or proceeding arising out of or relating to this
Guarantee shall be conclusive and may be enforced in any other jurisdiction
otherwise having jurisdiction over the Guarantor by suit on the judgement or in
any other manner provided by law.

         The Guarantor, hereby consents to accept service of process at the
offices of LeBouef, Lamb, Greene & MacRae Attention Donald Henderson, located at
125 West 55 th Street, New York, New York 10019 and acknowledges that process
may be served in any suit or proceeding instituted in any Federal or State court
located in the Borough of Manhattan arising out of or relating to this
Guarantee, in accordance with legal procedures prescribed for such courts,
provided that in the case of such service of process upon the process agent, the
party effecting the service shall also deliver a copy thereof to Guarantor via
overnight counier service to the attention of Group Treasury at AEGON NV,
Mariahoeveplein 50, 2591 TV, The Hague, The Netherlands. Nothing herein shall in
any way be deemed to limit the ability of CDS, the Issuing and Paying Agent or
the Holder to serve any such legal process, summons, notices and documents in
any other manner permitted by applicable law or to obtain jurisdiction over the
Guarantor or bring actions, suits or proceedings against the Guarantor in such
other jurisdictions, and in such manner, as may be permitted by applicable law.

                                        The Hague, December 14, 2001

                                        AEGON N.V.

                                        By:    /s/ C.M. van Katwijk
                                            --------------------------------
                                        Name:  C.M. van Katwijk
                                        Title: Senior Vice President and Group
                                               TreasurerEXHIBIT 10.6

[LOGO] AEGON
       INSURANCE GROUP

                                    GUARANTY

This GUARANTY (the "Guaranty"), dated as of April 26, 2001, is executed by AEGON
N.V., a company duly organized and validly existing under the laws of The
Netherlands ("Guarantor") in favor of (i) BANK OF AMERICA, N.A., a national
banking association, as administrative agent for itself and the other banks who
are now or may hereafter become party to the Short Term Revolving Credit
Agreement and the Long Term Revolving Credit Agreement (each as hereinafter
defined) or party to either such agreement (in such capacity as the
administrative agent for both the Short Term Revolving Credit Agreement and the
Long Term Revolving Credit Agreement, the "Administrative Agent" and the banks
who are now or may hereafter become a party to either the Short Term Revolving
Credit Agreement or the Long Term Revolving Credit Agreement, herein the
"Banks") and (ii) the Banks.

                                    Recitals

Transamerica Finance Corporation, a Delaware corporation ("Borrower"), as
borrower, the banks named therein, Banc of America Securities LLC, as lead
arranger and book manager, and BANK OF AMERICA, N.A., as agent are, concurrently
herewith, entering into that certain Revolving Credit Agreement dated as of
April 26, 2001 (as the same may hereafter be amended, the "Short Term Revolving
Credit Agreement"). Capitalized terms not otherwise defined herein shall have
the same meanings as set forth in the Short Term Revolving Credit Agreement.

Transamerica Corporation, a Delaware corporation and Borrower, together as the
borrowers, the banks named therein, the Chase Manhattan Bank as documentation
agent and Bank of America National Trust and Savings Association (now known as
Bank of America, N.A.), are parties to that certain Revolving Credit Agreement
dated as of June 27, 1997 (as the "Agreement") (the Long Term Revolving Credit
Agreement together with the Short Term Revolving Credit Agreement are herein
referred to as the "Credit Agreements").

The execution and delivery of this Guaranty is a condition to Bank of America,
N.A., individually and as agent, and the other Banks that are or are to be
parties to the Short Term Revolving Credit Agreement, extending credit to the
Borrower under the terms of the Short Term Credit Agreement. Borrower has
requested that Guarantor issue this Guaranty.

         Now this Guaranty witnesses and it is hereby declared as follows:

1.   The Guarantor, a corporation duly incorporated under the laws of The
     Netherlands, hereby unconditionally and irrevocably guaranties to the
     Administrative Agent, for the benefit of itself and the Banks, he prompt
     and punctual payment (and not merely the collection) of the Guaranteed
     Indebtedness, when and as the same shall become due and payable. The term
     "Guaranteed Indebtedness", as used herein, means all obligations,
     indebtedness, and liabilities of Borrower to: (i) the Administrative Agent
     and/or any Bank arising under the Long Term Revolving Credit Agreement and
     the Notes (as defined in the Long Term Revolving Credit Agreement) and (ii)
     the Administrative Agent and/or Bank arising under the Short Term
     Revolving Credit Agreement and the Notes (as defined in the Short Term
     Revolving Credit Agreement),

                                        1
<PAGE>

     whether any of such obligations, indebtedness, and liabilities now existing
     or hereafter arising, whether fixed, contingent, liquidated, or
     unliquidated. The term "Guaranteed Indebtedness": (i) includes, without
     limitation, all post-petition interest, fees, costs, and expenses
     (including attorneys' fees and expenses) whether or not allowed under any
     bankruptcy, insolvency, or other similar law and (iii) excludes the
     Excluded Amounts, as defined in paragraph 3 below.

2.   The liability of the Guarantor under this Guaranty shall be unconditional
     and irrevocable for the duration of this Guaranty, as hereinafter set
     forth, irrespective of (i) any lack of validity or enforceability of the
     Guaranteed Indebtedness, (ii) any change of the time, manner or place of
     payment, or any other term, of the Guaranteed Indebtedness, (iii) any law,
     regulation or order of any jurisdiction affecting any term of the
     Guaranteed Indebtedness or any Bank's rights with respect thereto, and (iv)
     any other circumstance which might otherwise constitute a defense available
     to, or a discharge of, the Borrower or the Guarantor.

3.   This Guaranty shall continue in full force and effect until the
     indefeasible payment of all principal, premium and interest and all other
     monies payable in respect of Guaranteed Indebtedness: provided that (a) if
     the Guarantor provides the Administrative Agent written notice at the
     address below in the manner described in Section 10.1 of the Short Term
     Revolving Credit Agreement that the Borrower is no longer an affiliated
     company of Guarantor, then on the date that is five (5) Business Days after
     the date the Administrative Agent receives such notice (the Expiration
     Date"), the Guarantor's obligations hereunder shall terminate and be of no
     force or effect with respect to any amounts owed by the Borrower in respect
     of principal advanced after the Expiration Date and (b) this Guaranty shall
     not extend to any amount owed by the Borrower in respect of any principal
     advanced under a Credit Agreement if such principal is advanced after the
     "Termination Date" defined and determined in accordance with such Credit
     Agreement as the same may be extend thereunder (any such amounts which are
     not guaranteed hereunder pursuant to the forgoing clauses (a) and (b) are
     herein the "Excluded Amounts"). Any termination of this Guaranty under the
     forgoing clause (a) and the limitation on the amounts guaranteed hereby set
     forth in the forgoing clause (b) shall not affect the rights of the
     Administrative Agent or any Bank with respect to all other Guaranteed
     Indebtedness. The notice of termination delivered under this paragraph 3
     shall be delivered to the Administrative Agent and Bank of America, N.A.,
     901 Main Street, 6611 Floor, Dallas, TX 75202, Attention: Elizabeth
     Kurilecz, Phone: (214) 209-0975 and Fax: (214) 209-0604 and shall not be
     deem to be received on a day unless such notice is received by 8:00 A.M.,
     San Francisco California time on a Business Day and if such notice is
     received after such time, it shall be deemed to be received on the next
     Business Day.

4.   This Guaranty is unsecured and unsubordinated and ranks pari passu with all
     unsecured and unsubordinated indebtedness of the Guarantor other than
     obligations that by mandatory operation of law would be given priority in a
     dissolution of the Guarantor.

5.   The Guarantor hereby waives (i) demand, notice and presentment, promptness,
     diligence, notice of acceptance and all other notice, marshalling of assets
     and set-off, together with any defense by reason of extension of time for
     payment or other indulgence granted by the Administrative Agent or any
     Bank, or any other defense or matter whatsoever which would otherwise
     release the Guarantor, and (ii) any requirement that Administrative Agent
     or any Bank exhaust any right or take any action against the Borrower or
     any collateral security before proceeding against the Guarantor. The
     Guarantor will not exercise any rights which it may acquire by way of

                                       2
<PAGE>

     subrogation or by any indemnity, reimbursement or other agreement until all
     of the Guaranteed Indebtedness and all of the obligations under this
     Guaranty shall have been paid in full. The Guarantor agrees that, if at any
     time all or any part of any payment under this Guaranty is or must be
     rescinded or returned by Administrative Agent or any Bank for any reason
     whatsoever (including, without limitation, the insolvency, bankruptcy or
     reorganization of the Borrower or the Guarantor), then such amount shall,
     for purposes of this Guaranty, to the extent that such payment is or must
     be rescinded or returned, be deemed to have continued to be outstanding,
     notwithstanding such payment hereunder to the Administrative Agent of any
     Bank, as the case may be, and this Guaranty shall continue to be effective
     or be reinstated, as the case may be, as to such amount, all as though such
     application had not been made.

6.   In the event of default by Borrower in payment of the Guaranteed
     Indebtedness, or any part thereof, when such Guaranteed Indebtedness
     becomes due, whether by its terms, by acceleration, or otherwise, Guarantor
     shall promptly, on demand, pay the amount due thereon to the Administrative
     Agent. In the event that amounts received by the Administrative Agent on
     account of the Guarantor's obligations hereunder are not sufficient to pay
     in full in cash all of the Guaranteed Indebtedness, the amounts received
     by the Administrative Agent shall first be applied as payment of the
     accrued and unpaid fees of the Administrative Agent under the Credit
     Agreements and then to al other unpaid or unreimbursed Guaranteed
     Indebtedness (including reasonable attorneys' fees and expenses) owing to
     the Administrative Agent in its capacity as Administrative Agent and as the
     agent under each Credit Agreement only. Any amount remaining after the
     applications described in the preceding sentence shall be distributed to
     the Banks on a pro rata basis, calculated based on the principal amount of
     the Guaranteed Indebtedness owing to each in relation to amount of all of
     the Guaranteed Indebtedness. If at any time payment, in whole or in part,
     of any amount received and distributed hereunder is rescinded or must
     otherwise be restored or returned by the Administrative Agent as a
     preference, fraudulent conveyance or otherwise under any bankruptcy,
     insolvency or similar law, then each Bank receiving any portion of such
     amounts, by accepting the benefits of this Guaranty, agrees to return the
     portion of such amounts it has received to the Administrative Agent, on
     demand. The Administrative Agent is acting as agent hereunder under the
     terms of the agency provisions of each of the Credit Agreements and shall
     be entitled to the benefits and protections provided for under such
     provisions in connection with its role as the Administrative Agent
     hereunder.

7.   Any payments to the Administrative Agent from time to time with respect to
     this Guaranty shall be in United States dollars and shall be payable free
     and clear of, and without deduction or withholding for, or on account of,
     any and all present or future taxes, duties, assessments, levies and other
     governmental charges of any nature whatsoever now or hereafter imposed,
     levied, collected, withheld or assessed in The Netherlands or in any other
     jurisdiction from which such payments are made or any territory or
     political subdivision thereof, unless such deduction or withholding is
     required by law ("Foreign Taxes"). If by operation of law or otherwise,
     Foreign Taxes are required to be deducted or withheld from any amounts
     payable to the Administrative Agent, the Guarantor agrees to pay such
     additional amounts to the Administrative Agent (the "Additional Amounts")
     as may be necessary to ensure that the net amount actually received by the
     Administrative Agent, after deduction of any Foreign Taxes imposed with
     respect to the payment of such Additional Amounts, shall equal the amount
     the Administrative Agent would have received if no Foreign Taxes had been
     deducted or withheld from such payment; provided, however, that no
     Additional Amounts shall be so payable for or on account of: (i) any
     Foreign Taxes which would not have been imposed but for the fact that any
     Bank: (A) had a

                                       3
<PAGE>

     present or former business in connection with The Netherlands or any other
     jurisdiction from which payments are made, or any territory or political
     subdivision thereof (a "Foreign Jurisdiction") other than the mere
     ownership of, or receipt of payment under, the Notes; (B) presented such
     Notes for payment in any Foreign Jurisdiction unless such Notes could not
     have been presented for payment elsewhere; (C) presented a Note for payment
     more than fifteen (15) days after the date on which such payment became due
     and payable or the date on which payment thereof is duly provided for,
     whichever occurs later; or (D) did not provide to the Borrower correct or
     sufficient information to avoid any withholding of taxes; (ii) any estate,
     inheritance, gift, sale, transfer, personal property or similar tax,
     assessment or other governmental charge; or (iii) any Foreign Taxes which
     are payable otherwise than by withholding or deduction.

8.   To the extent that the Guarantor or any of its respective properties,
     assets or revenues may have or may hereafter become entitled to, or have
     attributed to it, any right of immunity, on the grounds of sovereignty or
     other similar grounds, from any legal action, suit or proceeding in
     connection with or arising out of this Guaranty, from the giving of any
     relief thereunder, from set-off or counterclaim, from the jurisdiction of
     any court, from service of process, from attachment upon or prior to
     judgment, from attachment in aid of execution of judgment, or from
     execution of judgment or other legal process or proceeding for the giving
     of any relief or for the enforcement of any judgment, in any jurisdiction
     in which any proceeding may at any time be commenced, with respect to its
     obligations, liabilities or any other matter under or arising out of or in
     connection with this Guaranty, the Guarantor hereby irrevocably and
     unconditionally waives, and agrees for the benefit of the Administrative
     Agent and each Bank, not to plead or claim any such immunity, and consents
     to such relief and enforcement.

9.   This Guaranty embodies the final, entire agreement of Guarantor,
     Administrative Agent, and the Banks with respect to Guarantor's guaranty of
     the Guaranteed Indebtedness.

10.  This Guaranty shall be governed by and construed in accordance with the
     laws of the State of New York, U.S.A. (without regard to the conflicts of
     laws provisions thereof other than Section 5 - 1401 of New York's General
     Obligations Laws), except with respect to authorization and execution by or
     on behalf of the Guarantor which are required to be governed by the laws of
     The Netherlands. The Guarantor agrees that any legal action, suit or
     proceeding against it arising out of or related to this Guaranty may be
     brought in the United States federal courts located in the Borough of
     Manhattan or the courts of the State of New York located in the Borough of
     Manhattan and hereby irrevocably accepts and submits to the non-exclusive
     jurisdiction of the aforementioned courts, in personam, generally and
     unconditionally, with respect to any suit, action or proceeding in
     connection with or arising out of this Guaranty for itself and its
     respective properties, assets and revenues. To the fullest extent permitted
     by applicable law, Guarantor hereby irrevocably and expressly waives all
     right to a trial by jury in any action, proceeding, or counterclaim
     (whether based upon contract, tort or otherwise) arising out of or relating
     to this Guaranty or the transactions contemplated hereby or the actions of
     Administrative Agent or any Bank in the negotiation, administration, or
     enforcement thereof. The Guarantor agrees that a final unappealable
     judgment in any action or proceeding arising out of or relating to this
     Guaranty shall be conclusive and may be enforced in any other jurisdiction
     otherwise having jurisdiction over the Guarantor by suit on the judgment or
     in any other manner provided by law.

                                       4
<PAGE>

11.  If any claim arising under or related to this Guaranty is reduced to a
     judgment in a currency other than the currency in which the Guaranteed
     Indebtedness is payable, the judgment shall be for the greater of (i) the
     equivalent in the currency in which the judgment is denominated of the
     amount of the claim as denominated in the currency in which the Guaranteed
     Indebtedness is payable, determined as of the date or dates the portion of
     the Guaranteed Indebtedness related to such claim arose or was incurred by
     the Borrower or (ii) such equivalent in the currency in which the judgment
     is denominated determined as of the date of judgment. The equivalent
     amount of the foreign judgment currency shall be calculated at the spot
     rate for the purchase of that currency with the currency in which the
     Guaranteed Indebtedness is payable quoted by the Administrative Agent in
     New York, New York, at approximately 8:00 A.M. on the date for
     determination specified above.

12.  Guarantor shall indemnify the Administrative Agent and the Banks against
     and hold the Administrative Agent and the Banks harmless from all loss and
     damage resulting from any change in exchange rates between the date any
     claim is reduced to judgment and the date of payment (or, in the case of
     partial payments, the date of each partial payment) thereof by Guarantor.
     This indemnity shall constitute an obligation separate and independent from
     the Guaranteed Indebtedness, shall give rise to a separate and independent
     cause of action, shall apply irrespective of any indulgence granted by the
     Administrative Agent or any Bank from time to time and shall continue in
     full force and effect notwithstanding any judgment or order for a
     liquidated sum in respect of any amount due hereunder or under any judgment
     or order.

13.  No amendment or waiver of any provision of this Guaranty or consent to any
     departure by the Guarantor therefrom shall in any event be effective
     unless the same shall be in writing and signed by Administrative Agent,
     acting at the direction of the required number of Banks prescribed by the
     Short Term Revolving Credit Agreement or if the Short Term Revolving
     Credit Agreement is no longer in effect, the required number of Banks
     prescribed by the Long Term Revolving Credit Agreement.

14.  This Guaranty is for the benefit of Administrative Agent, the Banks, and
     their successors and assigns.

15.  The Guarantor hereby consents to accept service of process at the office of
     LeBoeuf, Lamb, Greene & MacRae, Attention: Donald Henderson, located at 125
     West 55 th Street, New York, New York 10019 and acknowledges that process
     may be served in any suit or proceeding instituted in any Federal or State
     court located in the Borough of Manhattan arising out of or relating to
     this Guaranty, in accordance with legal procedures prescribed for such
     courts, provided that in the case of such service of process upon the
     process agent, the party effecting the service shall also deliver a copy
     thereof to Guarantor via overnight courier service to the attention of
     Group Treasury at AEGON N.V., Mariahoeveplein 50, 2591 TV, The Hague, The
     Netherlands. Nothing herein shall in any way be deemed to limit the ability
     of the Administrative Agent or any Bank to serve any such legal process,
     summons, notices and documents in any other manner permitted by applicable
     law or to obtain jurisdiction over the Guarantor or bring actions, suits or
     proceedings against the Guarantor in such other jurisdictions, and in such
     manner, as may be permitted by applicable law.

                                       5
<PAGE>

The Hague, April 26, 2001

                                        AEGON N.V.

                                        By: /s/ J.B.M. Streppel
                                            ---------------------------------
                                            J.B.M. Streppel
                                            MEMBER EXECUTIVE BOARD

                                       6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}]]