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Exhibit 4.10  

	 	 	Allen & Overy LLP
	

 	
 	
FOURTH SUPPLEMENTAL INDENTURE
	

 	
 	

Between
	

 	
 	

AEGON N.V.,

as guarantor,
	

 	
 	

AEGON FUNDING CORP.,

as issuer,
	

 	
 	

and
	

 	
 	

CITIBANK, N.A.,

as trustee, paying agent and transfer agent
	

 	
 	

dated as of December 12, 2005
	

 	
 	

to the Indenture between
	

 	
 	

AEGON N.V.,
	

 	
 	

AEGON Funding Corp.,
	

 	
 	

AEGON Funding Corp. II,
	

 	
 	

and
	

 	
 	

Citibank, N.A.,

as trustee,
	

 	
 	

dated as of October 11, 2001, as supplemented and amended
	

 	
 	

$500,000,000 principal amount of 5.75% Senior Notes due 2020

 
 
 

CONTENTS    
    

	Section
 
	 	 
	 	Page

	1.	Definitions	 	4
	2.	General Terms and Conditions of the Notes	 	6
	 	2.1	 	Designation and Principal Amount	 	6
	 	2.2	 	Maturity	 	6
	 	2.3	 	Form, Issuance, Registration of Transfer and Exchange	 	6
	 	2.4	 	Payments	 	6
	3.	Redemption	 	6
	 	3.1	 	General	 	6
	 	3.2	 	Redemption of the Notes at any time	 	7
	 	3.3	 	Redemption of the Notes upon certain tax events	 	7
	4.	Ranking	 	7
	5.	Covenants of the Company	 	7
	6.	Form of Notes and guarantees	 	8
	7.	Limitation on Liens	 	8
	8.	Payment of Additional Amounts	 	8
	9.	Satisfaction and Discharge	 	8
	10.	Defeasance	 	8
	11.	Miscellaneous	 	8
	 	11.1	 	Issuance of Definitive Securities	 	8
	 	11.2	 	Ratification of Base Indenture and First Supplemental Indenture; Fourth Supplemental Indenture Controls	 	9
	 	11.3	 	Trustee Not Responsible for Recitals	 	9
	 	11.4	 	Governing Law	 	9
	 	11.5	 	Severability	 	9
	 	11.6	 	Counterparts	 	9
	Schedule 1
	

1.    Form of 5.75% Senior Note due 2020	
 	

1
	2.    Form of Parent Guarantee	 	5

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FOURTH SUPPLEMENTAL INDENTURE    
    

        FOURTH SUPPLEMENTAL INDENTURE dated as of December 12, 2005 (the Fourth
Supplemental Indenture) 

AMONG:  

	(1)
	AEGON N.V., a Netherlands public company with limited liability (AEGON N.V. or the  Company), having its principal executive office at AEGONplein 50, 2501 CE, The Hague, The Netherlands;

	(2)
	AEGON FUNDING CORP., a Delaware corporation (AEGON Funding or the  Issuer), having its principal office at 4333 Edgewood Road NE, Cedar Rapids, Iowa 52499; and

	(3)
	CITIBANK, N.A., a national banking association duly organized and existing under the laws of the United States of America, as Trustee
(the Trustee) to the Indenture, dated October 11, 2001 (the Base Indenture), between the Company,
the Issuer, AEGON Funding Corp. II (AEGON Funding II) and the Trustee, as modified by a First Supplemental Indenture dated November 14, 2003, and
a Second Supplemental Indenture dated June 1, 2005, in each case between the Company, the Issuer, AEGON Funding II and the Trustee, and a Third Supplemental Indenture between the Company and
the Trustee dated November 23, 2005 (collectively with this Fourth Supplemental Indenture, the Indenture).

	(4)
	In
addition, Citibank, N.A., through its New York branch, has agreed to act as Paying Agent and Transfer Agent hereunder. 

WHEREAS:  

	(A)
	The
Company, the Issuer, AEGON Funding II and the Trustee executed and delivered the Base Indenture to provide for the future issuance of its unsecured debentures, notes or other
evidences of indebtedness authenticated and delivered under the Base Indenture (the Securities) to be issued from time to time in one or more series as
might be determined under the Base Indenture, in an unlimited aggregate principal amount, which may be authenticated and delivered as provided in the Base Indenture;

	(B)
	Section 301
of the Base Indenture permits the terms of Securities to be established pursuant to a Board Resolution or in one or more indentures supplemental to the Base
Indenture;

	(C)
	the
Issuer desires to issue a series of Securities to be guaranteed by the Company, the terms of which it deems appropriate to set out in the Fourth Supplemental Indenture;

	(D)
	pursuant
to the terms of the Base Indenture, the Issuer may issue Securities now and additional Securities of the same or different series at later dates under the Base Indenture, as
established by the Issuer, and the Issuer desires to initially issue $500,000,000 aggregate principal amount of 5.75% Senior Notes due 2020 (the Notes);

	(E)
	pursuant
to Section 301 of the Base Indenture, the Issuer desires to appoint Citibank, N.A., through its New York branch, to act as Paying Agent with respect to the Notes;

	(F)
	the
Notes shall be treated as a separate series of Securities in accordance with the terms of the Indenture and for all purposes under the Indenture; and

	(G)
	the
Issuer and the Company have duly authorized the execution and delivery of the Fourth Supplemental Indenture and requested that the Trustee execute and deliver the Fourth
Supplemental Indenture, and all requirements necessary to make the Fourth Supplemental Indenture a valid and binding instrument in accordance with its terms have been done. 

3

 

        NOW THEREFORE, in consideration of the purchase and acceptance of the Notes and Guarantees by the holders thereof, and for the purpose of
setting forth, as provided in the Indenture, the form and substance of the Notes and the Guarantees and the terms, provisions and conditions thereof, as well as for other purposes set forth herein,
the parties hereto hereby agree as follows: 

1.     Definitions  

        For all purposes of the Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

	(a)
	a
term defined in the Base Indenture and not otherwise defined herein has the same meaning when used in this Fourth Supplemental Indenture;

	(b)
	unless
otherwise specified, a reference to a Section or Article is to a Section or Article of this Fourth Supplemental Indenture;

	(c)
	headings
are for convenience of reference only and do not affect interpretation; and

	(d)
	the
following terms have the meanings set forth below for purposes of the Fourth Supplemental Indenture and the Base Indenture as it relates to the Notes issued hereunder. 

        Additional Amounts has the meaning specified in Section 8. 

        Base Indenture has the meaning specified in the recitals. 

        Business Day means any calendar day that is not a Saturday, Sunday or legal holiday in New York, New York, and on which commercial banks
are open for business in New York, New York. 

        Clearstream means Clearstream Banking société anonyme, Luxembourg. 

        Company has the meaning specified in the recitals. 

        Comparable Treasury Issue means the United States Treasury security selected by an Independent Investment Banker as having a maturity
comparable to the remaining term of the Notes to be redeemed. 

        Comparable Treasury Price means (1) the average of five Reference Treasury Dealer Quotations for such redemption date, after
excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than five such Reference Treasury Dealer Quotations, the average
of all such quotations. 

        DTC means The Depository Trust Company. 

        Euroclear means Euroclear Bank SA/NV. 

        Exchange Act means the Securities Exchange Act of 1934, as amended. 

        Guarantee means the full and unconditional guarantee of the Company of payment of the principal, premium, if any, and interest on the
Notes, including payments of Additional Amounts, endorsed on the Note and authenticated and delivered pursuant to this Indenture. 

        Indenture has the meaning specified in the recitals. 

        Independent Investment Banker means either Banc of America Securities LLC, Barclays Capital Inc. or Deutsche Bank
Securities Inc. and their respective successors, or if such firms are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national
standing appointed by the Trustee after consultation with the Issuer and the Company. 

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        Interest Payment means, in respect of an Interest Payment Date, the aggregate interest amount for the interest period ending on such
Interest Payment Date. 

        Interest Payment Date has the meaning specified in Section 2.4(c). 

        Interest Period has the meaning specified in Section 2.4(b). 

        Interest Rate means the interest rate set forth in Section 2.4(a). 

        Issue Date means December 12, 2005. 

        Issuer has the meaning specified in the recitals. 

        Notes has the meaning specified in the recitals. 

        Paying Agent means Citibank, N.A. as paying agent in relation to the Notes, or its successor or successors for the time being appointed in
accordance with the terms of the Indenture. 

        Reference Treasury Dealer means (1) each of Banc of America Securities LLC, Barclays Capital Inc. and Deutsche Bank
Securities Inc. or their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City, a Primary
Treasury Dealer, the Issuer or the Company will substitute another Primary Treasury Dealer and (2) any two other Primary Treasury Dealers selected by the Independent Investment Banker after
consultation with the Issuer and the Company. 

        Reference Treasury Dealer Quotations means, with respect to each Reference Treasury Dealer and any redemption date, the average, as
determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Independent Investment Banker at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 

        Regular Record Date has the meaning set forth in Section 2.4(c). 

        Remaining Scheduled Payments means, with respect to each Note to be redeemed, the remaining scheduled payments of the principal thereof
and interest thereon that would be due after the related date of redemption but for such redemption, provided, however, that, if that date of redemption is not an Interest Payment Date with respect to
such Notes, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to that date of redemption. 

        Securities has the meaning set forth in the recitals. 

        Transfer Agent means Citibank, N.A. as transfer agent in relation to the Notes, or its successor or successors for the time being
appointed in accordance with the terms of the Indenture. 

        Treasury Rate means, with respect to any redemption date, (1) the yield, under the heading which represents the average for the
immediately preceding week, appearing in the most recently published statistical release designated "H.15(519)" or any successor publication which is published weekly by the Board of Governors of the
Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption "Treasury Constant Maturities," for the
maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the remaining term of the Notes to be redeemed, yields for the two published maturities
most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from such yields on a straight line basis, rounding to the
nearest month) or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the
semi-annual equivalent yield-to-maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the 

5

 

Comparable
Treasury Price for such redemption date. The Treasury Rate will be calculated on the third Business Day preceding the redemption date. 

        Trustee has the meaning specified in the recitals. 

2.     GENERAL TERMS AND CONDITIONS OF THE NOTES  

2.1   Designation and Principal Amount  

        The aggregate principal amount of Notes which may be authenticated and delivered under the Indenture is unlimited. 

2.2   Maturity  

        Unless otherwise redeemed in accordance with Section 3, the principal amount of the Notes shall be due and payable on December 15, 2020. 

2.3   Form, Issuance, Registration of Transfer and Exchange  

        The Notes shall be issued in denominations of $1,000 and integral multiples of $1,000 in fully registered form. 

        Citibank
N.A. shall be the Transfer Agent for the Notes. The Transfer Agent shall exchange or register the transfer of the Notes. The holder of a Note may transfer or exchange a Note in
whole or in part by surrendering the Note at the office of the Transfer Agent and otherwise in accordance with the provisions of Section 305 of the Base Indenture. 

2.4   Payments  

	(a)
	Interest
Rate 

        The
interest rate payable in respect of the Notes is equal to 5.75% per annum (the Interest Rate). 

	(b)
	Interest
Period 

        Subject
to the conditions contained in the Indenture, the Issuer shall make interest payments in an amount equal to the interest accrued from (and including) the immediately preceding
Interest Payment Date in respect of which interest has been paid on the Notes or from (and including) the Issue Date, if no Interest has been paid, to (but excluding) the next succeeding applicable
Interest Payment Date (each, an Interest Period). 

	(c)
	Interest
Payment Dates; Regular Record Dates 

        Interest
on the Notes will be payable semi-annually in arrears on June 15 and December 15 (the Interest Payment
Dates) of each year, commencing June 15, 2006, to the persons in whose names the Notes are registered at the close of business on the preceding June 1 or
December 1 (the Regular Record Dates), as the case may be. Interest will be computed on the basis of a 360-day year consisting of
twelve 30-day months. The Issuer shall make the Interest Payments on the Notes through the Paying Agent to the person in whose name the Note is registered on the Regular Record Date. 

3.     REDEMPTION  

3.1   General  

        Any redemption made in accordance with this Article 3 shall be made in accordance with Section 1102 through Section 1107 and
Section 1109 of the Base Indenture, as applicable. 

6

 

3.2   Redemption of the Notes at any time  

        The Issuer may redeem the Notes in whole or in part, at its option, at any time and from time to time prior to maturity at a redemption price equal to the greater
of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the applicable Remaining Scheduled Payments discounted to the date of redemption
on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, together with, in each case, accrued
interest on the principal amount of the Notes to be redeemed to the date of redemption. 

3.3   Redemption of the Notes upon certain tax events  

        Section 1109 of the Base Indenture shall apply to the Notes and the Guarantees. 

4.     RANKING  

        The Notes shall be senior unsecured obligations and rank senior to any subordinated indebtedness of the Issuer. The Notes shall be subordinated to all existing
and future secured indebtedness of the Issuer to the extent of the assets securing that indebtedness. The Guarantees shall be senior unsecured obligations of the Company and will rank equally with all
other unsecured and unsubordinated obligations of the Company. 

5.     COVENANTS OF THE COMPANY  

        The Notes shall be guaranteed by the Company in accordance with Sections 301, 1601 and 1602 of the Base Indenture. 

7

   6.     FORM OF NOTES AND GUARANTEES  

The
Notes and the Guarantees shall be substantially in the form of Schedule 1 hereto, which is hereby incorporated into and expressly made a part of this Fourth Supplemental Indenture. 

7.     LIMITATION ON LIENS  

        The provisions in Section 1009 of the Base Indenture shall apply to the Notes. 

8.     PAYMENT OF ADDITIONAL AMOUNTS  

The
provisions of Section 1006 of the Base Indenture (as amended by the First Supplemental Indenture) shall apply to all payments in respect of the Notes. 

9.     SATISFACTION AND DISCHARGE  

The
Issuer and the Company covenant and agree, and each holder of Notes issued hereunder, by such holder's acceptance thereof, likewise covenants and agrees, that all Notes and Guarantees shall be
issued as Securities subject to the provisions of Article 4 of the Base Indenture. 

10.   DEFEASANCE  

        The Issuer may discharge or defease the Notes in accordance with Section 1302 of the Base Indenture. 

11.   MISCELLANEOUS  

11.1 Issuance of Definitive Securities  

	(a)
	So
long as DTC holds the Global Securities, the Global Securities will not be exchangeable for definitive Securities of the applicable series of the Notes unless: (i) DTC
notifies the Trustee that it is unwilling or unable to continue to hold the book-entry Notes or DTC ceases to be a clearing agency registered under the Exchange Act and the Trustee does
not appoint a successor to DTC which is registered under the Exchange Act within 120 days; or (ii) at any time following a determination by the Issuer and the Company in their sole
discretion that the Global Securities representing the Notes should be exchanged for definitive Notes in registered form.

	(b)
	Each
person having an ownership or other interest in Notes must rely exclusively on the rules and procedures of DTC, Euroclear or Clearstream as the case may be, and any agreement
with any participant of DTC, Euroclear or Clearstream as the case may be, or any other securities intermediary through which that person holds its interest to receive or direct the delivery of
possession of any definitive Note.

	(c)
	To
the extent permitted by law, the Issuer, the Company and the Trustee are entitled to treat the person in whose name any definitive Note is registered as its absolute owner.

	(d)
	Payments
in respect of definitive Notes will be made to the person in whose name the definitive Notes are registered as it appears in the register.

	(e)
	If
the Company issues definitive Notes in exchange for Global Notes, DTC, as holder of the Global Notes, will surrender the Global Notes against receipt of the definitive Notes,
cancel the book-entry notes and distribute the definitive Notes to the person in the amounts that DTC specifies.

	(f)
	If
definitive Notes are issued in the limited circumstances described above, those definitive Notes may be transferred in whole or in part in denominations of any whole number of
Notes 

8

 

upon
surrender of the definitive Notes certificates together with the form of transfer endorsed on it, duly completed and executed at the specified office of the Trustee. If only part of a Notes
certificate is transferred, a new Notes certificate representing the balance not transferred will be issued to the transferor. Any transfer of Notes in whole or in part in definitive form may be
registered, in the name or names of persons other than DTC or a nominee thereof. 

11.2 Ratification of Base Indenture and First Supplemental Indenture; Fourth Supplemental Indenture Controls  

The
Base Indenture and First Supplemental Indenture, as supplemented by this Fourth Supplemental Indenture, are in all respects ratified and confirmed. This Fourth Supplemental Indenture shall be
deemed part of the Base Indenture in the manner and to the extent herein and therein provided. The provisions of this Fourth Supplemental Indenture shall supersede the provisions of the Base Indenture
and the First Supplemental Indenture to the extent the Base Indenture and First Supplemental Indenture are inconsistent herewith with respect to the Notes or the Guarantees and any other Notes and
Guarantees issued hereunder. 

11.3 Trustee Not Responsible for Recitals  

The
recitals contained herein are made by the Company and the Issuer and not by the Trustee, and the Trustee assumes no responsibility for the accuracy thereof. The Trustee makes no representation as
to the validity or sufficiency of this Fourth Supplemental Indenture or the Notes. The Trustee shall not be accountable for the use or application by the Company or the Issuer of the Notes or the
proceeds thereof. 

11.4 Governing Law  

This
Fourth Supplemental Indenture, the Notes and the Guarantees shall be governed by and construed in accordance with the laws of the State of New York. 

11.5 Severability  

If
any provision in the Indenture, the Notes or the Guarantees is determined to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby. 

11.6 Counterparts  

The
parties may sign any number of copies of this Fourth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. Any signed copy shall be
sufficient proof of this Fourth Supplemental Indenture. 

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        IN WITNESS WHEREOF, the parties hereto have caused this Fourth Supplemental Indenture to be duly executed as of the day and year first
above written. 

	AEGON N.V.,

as Parent Guarantor	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	 	
	 	 
	Name:	 	 	 	 
	Title:	 	 	 	 
	 	 	 	 	 
	AEGON FUNDING CORP.,

as Issuer	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	 	
	 	 
	Name:	 	 	 	 
	Title:	 	 	 	 
	 	 	 	 	 
	CITIBANK, N.A., as Trustee

Paying Agent and Transfer Agent	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	 	
	 	 
	Name:	 	 	 	 
	Title:	 	 	 	 

10

  

 
 

SCHEDULE 1    
    

Form of 5.75% Senior Note due 2020  

[Face
of Note] 

        THIS
NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE
EXCHANGED IN WHOLE OR IN PART FOR A REGISTERED SECURITY, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 
 

AEGON Funding Corp.
  
    5.75% Senior Notes due 2020    
    

	No.	 	 
	CUSIP No.	 	007634 AA 6
	ISIN No.	 	US007634AA64
	COMMON CODE:	 	023844249

        AEGON
Funding Corp., a Delaware corporation (herein called the Issuer, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to.                        , or registered assigns, the
principal sum of
$                                         
 on December 15, 2020 and
to pay interest thereon from December 12, 2005 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on
June 15 and December 15 in each year, commencing June 15, 2006, at the rate of 5.75% per annum, until the principal hereof is paid or made available for payment. The interest so
payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be June 1 or December 1 (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the holder on such Regular Record Date and may either be
paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be
fixed by the Trustee, notice whereof shall be given to holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more
fully provided in said Indenture. 

        Payment
of the principal of (and premium, if any) and interest, if any, including any payment of Additional Amounts in accordance with Article 8 of the Fourth Supplemental
Indenture, on this Note will be made at the office or agency of the Issuer maintained for that purpose in the corporate trust office of the Trustee in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and private debts or at the option of the Issuer payment of interest may be made by check mailed to the address of the person
entitled thereto as such address shall appear in the Security Register. 

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        Whenever
in this Note or in the Indenture there is a reference, in any context, to the payment of the principal of or interest on, or in respect of, any Note, such payment shall be
deemed to include the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect of such payment pursuant to the provisions hereof
or thereof and express mention of the payment of Additional Amounts (if applicable) in any provision hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such
express mention is not made. 

        Reference
is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place. 

        Unless
the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose. 

        IN
WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed. 

	 	 	AEGON Funding Corp.
	

 	
 	

By:	

	 	 	Name:	 
	 	 	Title:	 

Attest:

This
is one of the Notes of the series designated herein and referred to in the Indenture. 

Dated:

	 	 	Citibank, N.A.
 as Trustee
	

 	
 	

By:	

Authorized Signatory

[Reverse
of Note] 

        This
Note is one of a duly authorized issue of Securities of the Issuer (herein called the Notes), issued and to be issued in one or more
series under an Indenture, dated as of October 11, 2001 (herein called the Indenture), between the Issuer, AEGON N.V., as Parent Guarantor
(herein called the Parent Guarantor), AEGON Funding Corp. II, and Citibank, N.A., as Trustee (herein called the  Trustee, which term includes any successor
trustee under the Indenture), as the same has been supplemented and amended from time to time and reference
is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Issuer, the Parent Guarantor, the Trustee and the holders of
the Notes and of the terms upon which the Notes and the Parent Guarantees endorsed thereon are, and are to be, authenticated and delivered. This Note is one of the series designated on the face
hereof. 

        If
at any time subsequent to the issuance of the Notes as a result of any change in, or amendment to, the laws or regulations or rulings of the United States or The Netherlands or any
other nation or government or of any political subdivision thereof or any authority therein or thereof having power to 

2

 

tax
or as a result of any regulations or rulings or any amendment to or change in the application or official interpretation of such laws, regulations or rulings, the Issuer, or the Parent Guarantor,
as the case may be, becomes, or will become, obligated to pay any Additional Amounts and such obligations cannot be avoided by the Issuer or, if applicable, the Parent Guarantor taking reasonable
measures available to it, the Notes will be redeemable as a whole (but not in part), at the option of the Issuer or the Parent Guarantor, at any time upon not less than thirty (30) nor more
than sixty (60) days' notice given to the holders at their principal amount together with accrued interest thereon, if any, (and any Additional Amounts payable with respect thereto) to the date
fixed for redemption (the Tax Redemption Date). In order to effect a redemption of Notes as described in this paragraph, the Issuer or, if applicable,
the Parent Guarantor shall deliver to the Trustee at least forty-five (45) days prior to the Tax Redemption Date: (i) a written notice stating that the Notes are to be
redeemed as a whole and (ii) an opinion of independent legal counsel of recognized standing to the effect that the Issuer or, if applicable, the Parent Guarantor has or will become obligated to
pay Additional Amounts as a result of such change or amendment. No notice of redemption may be given earlier than sixty (60) days prior to the earliest date on which the Issuer or, if
applicable, the Parent Guarantor would be obligated to pay such Additional Amounts were a payment in respect of the Notes then due. The notice shall additionally specify the Tax Redemption Date and
all other information necessary to the publication and mailing by the Trustee of notices of such redemption. The Trustee shall be entitled to rely conclusively upon the information so furnished by the
Issuer or, if applicable, the Parent Guarantor in such notice and shall be under no duty to check the accuracy or completeness thereof. Such notice shall be irrevocable and upon its delivery the
Issuer or, if applicable, the Parent Guarantor shall be obligated to make the payment or payments referred to therein to the Trustee. 

        The
Issuer may redeem the Notes in whole or in part, at its option, at any time and from time to time at a redemption price equal to the greater of (i) 100% of the principal
amount of the Notes to be redeemed and (ii) the sum of the present values of the applicable Remaining Scheduled Payments discounted to the date of redemption on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, together with, in each case, accrued interest on the principal amount of
the Notes to be redeemed to the date of redemption. 

        In
the event of redemption of this Note in part only, a new Note or Notes of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the holder
hereof upon the cancellation hereof. 

        The
Indenture contains provisions for defeasance at any time of the entire indebtedness of this Note upon compliance with certain conditions set forth in the Indenture. 

        If
an Event of Default with respect to the Notes shall occur and be continuing, the principal of the Notes may be declared due and payable in the manner and with the effect provided in
the Indenture. 

        The
Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and, if applicable, the Parent
Guarantor and the rights of the holders of the Securities of each series to be affected under the Indenture at any time by the Issuer, the Parent Guarantor, if applicable, and the Trustee with the
consent of the holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the holders of
specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the holders of all Securities of such series, to waive compliance by the Issuer and, if
applicable, the Parent Guarantor with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the holder of this Note
shall be conclusive and binding upon such holder and upon all future holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Note. 

3

 

        As
provided in and subject to the provisions of the Indenture, the holder of this Note shall not have the right to institute any proceeding with respect to the Indenture or for the
appointment of a receiver or trustee or for any other remedy thereunder, unless such holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the
Notes, the holders of not less than 25% in principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of
Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the holders of a majority in principal amount of Notes at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply
to any suit instituted by the holder of this Note for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

        No
reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the
principal of and any premium and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed. 

        As
provided in the Indenture and subject to certain limitations set forth therein, the transfer of this Note is registrable in the Security Register, upon surrender of this Note for
registration of transfer at the office or agency of the Issuer in any place where the principal of and any premium and interest on this Note are payable, duly endorsed by or accompanied by a written
instrument of transfer in form satisfactory to the Issuer and the Note Registrar duly executed by the holder hereof or his attorney
duly authorized in writing, and thereupon one or more new Notes and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee
or transferees. 

        The
Notes are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain
limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of this series and of like tenor of a different authorized denomination, as requested by the holder
surrendering the same. 

        No
service charge shall be made for any such registration of transfer or exchange, but the Issuer may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith. 

        Prior
to due presentment of this Note for registration of transfer, the Issuer, the Trustee and any agent of the Issuer, the Parent Guarantor, if applicable, or the Trustee may treat the
Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Issuer, the Parent Guarantor, if applicable, the Trustee nor any
such agent shall be affected by notice to the contrary. 

        All
terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

4

 

Form of Parent Guarantee  

 
 

PARENT GUARANTEE    
    

        For value received, the Parent Guarantor hereby unconditionally guarantees, to the holder of the Note upon which this Parent Guarantee is endorsed, and to the
Trustee on behalf of such holder, the due
and punctual payment of the principal of (and premium, if any) and interest on such Note when and as the same shall become due and payable, whether at the Stated Maturity, by acceleration, call for
redemption or otherwise, according to the terms thereof and of the Indenture referred to therein. In case of the failure of the Issuer punctually to make any such payment, the Parent Guarantor hereby
agrees to cause such payment to be made punctually when and as the same shall become due and payable, whether at the Stated Maturity or by acceleration, call for redemption or otherwise, and as if
such payment were made by the Issuer. 

        The
Parent Guarantor hereby agrees that its obligations hereunder shall be absolute and unconditional, irrespective of any invalidity, irregularity or unenforceability of this Note or
the Indenture, the absence of any action to enforce the same or any release or amendment or waiver of any term of any other guarantee of, all or of any of the Notes, any waiver or consent by the
holder of such Note or by the Trustee or either of them with respect to any provisions thereof or of the Indenture, the obtaining of any judgment against the Issuer or any action to enforce the same
or any other circumstances which might otherwise constitute a legal or equitable discharge or defense of a guarantor; provided, however, that
notwithstanding the foregoing, no such release, amendment, waiver, consent or judgment shall, without the consent of the Parent Guarantor, increase the principal amount of such Note or increase the
rate or rates of interest thereon, or increase any premium payable upon redemption thereof, or alter the stated maturity thereof. The Parent Guarantor hereby waives the benefits of diligence,
presentment, demand of payment, any requirement that the Trustee or any of the holders exhaust any right or take any action against the Issuer or any other Person, filing of claims with a court in the
event of insolvency or bankruptcy of the Issuer, protest or notice with respect to such Note or the indebtedness evidenced thereby, and covenants that this Parent Guarantee will not be discharged
except by complete performance of the obligations contained in such Note and in this Parent Guarantee; provided, however, that the Parent Guarantor
receives prompt written notice of any failure by the Issuer to make any payment of principal, premium, if any, or interest or any sinking fund or analogous payment. The Parent Guarantor hereby agrees
that, in the event of a default in payment of principal (or premium, if any) or interest on such Note, whether at their Stated Maturity, by acceleration, call for redemption, purchase or otherwise,
legal proceedings may be instituted by the Trustee on behalf of, or by, the holder of such Note, subject to the terms and conditions set forth in the Indenture, directly against the Parent Guarantor
to enforce this Parent Guarantee without first proceeding against the Issuer. 

        No
reference herein to the Indenture and no provision of this Parent Guarantee or of the Indenture shall alter or impair the guarantee of the Parent Guarantor, which is absolute and
unconditional, of the due and punctual payment of the principal (and premium, if any) and interest on the Note upon which this Parent Guarantee is endorsed. 

        This
Parent Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against the Issuer for liquidation or reorganization, should
the Issuer become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant part of the Issuer's assets, and shall, to the
fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Notes is, pursuant to applicable law, rescinded or reduced
in amount, or must otherwise be restored or returned by any obligee on the Notes, whether as a "voidable preference,"
"fraudulent transfer," or otherwise, all as though such payment or performance had not been made. In 

5

 

the
event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such
amount paid and not so rescinded, reduced, restored or returned. 

        All
terms used in this Parent Guarantee which are defined in the Indenture referred to in the Note upon which this Parent Guarantee is endorsed shall have the meanings assigned to them
in such Indenture. 

        This
Parent Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Note upon which this Parent Guarantee is endorsed shall have been
executed by the Trustee under the Indenture by manual signature. 

        IN
WITNESS WHEREOF, the Parent Guarantor has caused this Parent Guarantee to be duly executed. 

Dated:

	 	 	AEGON N.V.
	

 	
 	

By:	

	 	 	Name:	 
	 	 	Title:	 

6

QuickLinks

CONTENTS

FOURTH SUPPLEMENTAL INDENTURE

SCHEDULE 1

AEGON Funding Corp. 5.75% Senior Notes due 2020

PARENT GUARANTEEEXHIBIT 10.1
                                                                    ------------

                            ASSET PURCHASE AGREEMENT

     THIS ASSET PURCHASE AGREEMENT (this "AGREEMENT") is entered into on this
8th day of December, 2005, by and between GMX RESOURCES INC., an Oklahoma
corporation (the "BUYER"), and McLachlan Drilling Company, a Michigan
corporation (the "SELLER"), with reference to the following circumstances:

                                    RECITALS:
                                    ---------

     A. The Seller is the owner of that certain oil drilling rig more
particularly known as Rig No. 5 and all related equipment, including collars,
and all associated components and tools described on Exhibit A attached hereto
(collectively, the "EQUIPMENT"); and

     B. The Seller desires to sell the Equipment to the Buyer, and the Buyer
desires to purchase the Equipment from the Seller, pursuant to the terms and
conditions described in this Agreement.

     In consideration of the premises and the terms, covenants and conditions
contained in this Agreement, the Seller and the Buyer agree as follows:

     1. SALE AND PURCHASE OF EQUIPMENT. At the Closing (as hereinafter defined),
the Seller shall sell to the Buyer, and the Buyer shall purchase from the
Seller, the Equipment free and clear of all liens, encumbrances and other
liabilities of any kind whatsoever and on the terms and conditions described in
this Agreement.

          1.1 PURCHASE PRICE. The total purchase price to be paid by the Buyer
     to the Seller for the purchase of the Equipment is Five Million One Hundred
     Thousand Dollars ($5,100,000) (the "PURCHASE PRICE"), which shall be paid
     at the Closing by delivery of a promissory note payable on January 2, 2006,
     with interest at the rate of 7 percent (7%) per annum, and otherwise in
     substantially the form attached hereto as Exhibit B. The note shall be
     secured by a security interest in the Equipment pursuant to the terms of a
     security agreement to be executed at the Closing in mutually acceptable
     form.

          1.2 CONDITION OF EQUIPMENT. THE PARTIES AGREE AND ACKNOWLEDGE THAT
     BUYER IS PURCHASING THE EQUIPMENT AS IS, WHERE IS, WITHOUT ANY WARRANTIES
     FROM SELLER, EXPRESS OR IMPLIED, AS TO THE FITNESS OR CONDITION OF THE
     EQUIPMENT.

          1.3 BILL OF SALE. At the Closing, the Seller shall execute and deliver
     to the Buyer a Bill of Sale for the Equipment in substantially the form
     attached hereto as Exhibit C.

          1.4 DELIVERY OF POSSESSION. At the Closing, the Seller shall
     relinquish possession of the Equipment to the Buyer at its then current
     location in Harrison County, Texas. The Buyer and the Seller expressly
     agree that title to the Equipment, and the risk of loss with respect
     thereto, shall pass to the Buyer at the time of the Seller's tender of
     delivery at such location on the Closing Date. Notwithstanding the above,
     the parties

<PAGE>

     agree that a sixteen (16) foot Candelabra Substructure Component of the
     Equipment is located in Evart, Michigan, and that Buyer will be responsible
     for all costs associated with the shipping of said Component to Harrison
     County, Texas, or another location of the Buyer's choosing.

          1.5 TERMINATION OF CONTRACT. The existing drilling contract between
     Seller and Buyer relating to the Equipment shall be terminated at the
     Closing without any further action by Buyer and Seller. Any amounts or
     obligations owed by either party as of Closing shall be paid by said party
     within 15 days of Closing.

     2. CLOSING. The closing of the transactions contemplated in this Agreement
(the "CLOSING") shall occur within 5 days after execution of this Agreement at
such specific time and place as the parties mutually agree. The day on which the
Closing occurs is referred to in this Agreement as the "CLOSING DATE."

     3. REPRESENTATIONS AND WARRANTIES OF THE SELLER. The Seller represents and
warrants to the Buyer as follows:

          3.1 ORGANIZATION. The Seller is a corporation duly organized, validly
     existing and in good standing under the laws of the State of Michigan.

          3.2 AUTHORIZATION. The Seller has all requisite power and authority to
     execute and deliver this Agreement and to perform its obligations under
     this Agreement. The execution, delivery and performance by the Seller of
     this Agreement have been duly authorized by all necessary corporate action
     on the part of the Seller. This Agreement has been duly and validly
     executed and delivered by the Seller and constitutes the valid and binding
     obligation of the Seller, enforceable against it in accordance with its
     terms, subject to applicable bankruptcy, insolvency and other similar laws
     affecting the enforceability of creditors' rights generally, general
     equitable principles and the discretion of courts in granting equitable
     remedies.

          3.3 ABSENCE OF CONFLICTS. The execution, delivery and performance by
     the Seller of this Agreement does not and will not, with or without the
     giving of notice, the taking of any action by a third party or the lapse of
     time, (a) violate any law or order applicable to the Seller, (b) violate
     any provision of the certificate of incorporation or bylaws of the Seller
     or (c) violate or result in a breach of or constitute a default under, or
     require the consent or approval of any third party under, or result in or
     permit the termination or amendment of any provision of, or result in or
     permit the acceleration of the maturity or cancellation of performance of
     any obligation under, or result in the creation or imposition of any lien
     upon the Equipment, or give to others any interests or rights in the
     Equipment under, any indenture, deed of trust, mortgage, contract, lease or
     other agreement, instrument or commitment to which the Seller is a party or
     by which the Seller or the Equipment may be bound or affected.

          3.4 TITLE TO EQUIPMENT. The Seller has, and at the Closing will
     transfer to the Buyer, good, valid and marketable title to the Equipment,
     free and clear of all liens, encumbrances and other liabilities.

                                        2
<PAGE>

          3.5 BROKERS. No broker or other party is entitled to any fee or
     commission in connection with the transactions contemplated by this
     Agreement based upon arrangements made by or on behalf of the Seller or any
     of its affiliates.

     4. REPRESENTATIONS AND WARRANTIES OF THE BUYER. The Buyer represents and
warrants to the Seller as follows:

          4.1 ORGANIZATION. The Buyer is a corporation duly organized, validly
     existing and in good standing under the laws of the State of Oklahoma.

          4.2 AUTHORIZATION. The Buyer has all requisite power and authority to
     execute, deliver and perform this Agreement. The execution, delivery and
     performance by the Buyer of this Agreement have been duly authorized by all
     necessary corporate action on the part of the Buyer. This Agreement has
     been duly and validly executed and delivered by the Buyer and constitutes
     the valid and binding obligation of the Buyer, enforceable against it in
     accordance with its terms, subject to applicable bankruptcy, insolvency and
     other similar laws affecting the enforceability of creditors' rights
     generally, general equitable principles and the discretion of courts in
     granting equitable remedies.

          4.3 ABSENCE OF CONFLICTS. The execution, delivery and performance by
     the Buyer of this Agreement does not and will not, with or without the
     giving of notice, the taking of any action by a third party or the lapse of
     time, (a) violate any law or order applicable to the Buyer, (b) violate any
     provision of the certificate of incorporation or bylaws of the Buyer or (c)
     violate or result in a breach of or constitute a default under, or require
     the consent or approval of any third party under, or result in or permit
     the termination or amendment of any provision of, or result in or permit
     the acceleration of the maturity or cancellation of performance of any
     obligation under, or give to others any interests or rights under, any
     indenture, deed of trust, mortgage, contract, lease or other agreement,
     instrument or commitment to which the Buyer is a party or by which the
     Buyer may be bound or affected, except for any such violations that in the
     aggregate would not materially hinder, delay or impair the ability of the
     Buyer to perform its obligations under, or consummate the transactions
     contemplated by, this Agreement.

          4.4 BROKERS. No broker or other party is entitled to any fee or
     commission in connection with the transactions contemplated by this
     Agreement based upon arrangements made by or on behalf of the Buyer or any
     of its affiliates.

          4.5 CONDITION OF EQUIPMENT. THE BUYER ACKNOWLEDGES THAT THEY ARE
     PURCHASING THE EQUIPMENT AS IS, WHERE IS, WITHOUT ANY WARRANTIES, EXPRESS
     OR IMPLIED, OF SELLER AS TO THE FITNESS OR CONDITION OF THE EQUIPMENT.

     5. CONDITIONS TO CLOSING.

          5.1 OBLIGATION OF THE SELLER TO CLOSE. The Seller's obligation to sell
     the Equipment to the Buyer is subject to the satisfaction of the following
     conditions at or prior to the Closing: (a) the Buyer shall not be in
     default of any term or condition of this

                                        3
<PAGE>

     Agreement, and (b) each and every representation and warranty of the Buyer
     contained in Section 4 of this Agreement shall be true and correct on the
     Closing Date as if made at the Closing.

          5.2 OBLIGATION OF THE BUYER TO CLOSE. The Buyer's obligation to
     purchase the Equipment from the Seller is subject to the satisfaction of
     the following conditions at or prior to the Closing: (a) the Seller shall
     not be in default of any term or condition of this Agreement, (b) each and
     every representation and warranty of the Seller contained in Section 3 of
     this Agreement shall be true and correct on the Closing Date as if made at
     the Closing, (c) the Seller and any other appropriate parties shall have
     executed and delivered to the Buyer any and all documents reasonably
     necessary to ensure that the Buyer has obtained good, valid and marketable
     title to the Equipment, including releases of liens of Muskegon Development
     Company and Northwestern Bank; and (d) the Buyer shall have conducted such
     inspections and testing of the Equipment as Buyer determines to be
     appropriate and has determined that the condition of the Equipment is
     satisfactory to the Buyer.

     6. MISCELLANEOUS PROVISIONS.

          6.1 SURVIVAL OF PROVISIONS. Each statement, representation, warranty,
     covenant and agreement made by each of the parties to this Agreement shall
     survive the execution and delivery of this Agreement and the Closing.

          6.2 NOTICES. All notices and other communications required or
     permitted by this Agreement shall be in writing and shall be deemed to have
     been duly given when personally delivered, received by facsimile or other
     electronic communication, or when received if sent by private courier or
     first class certified mail, return receipt requested, addressed to the
     parties at the addresses set forth below (or at such other address as any
     party may specify by notice to all other parties given as aforesaid):

          If to the Buyer:        Ken L. Kenworthy, Jr.
                                  Chief Executive Officer
                                  GMX RESOURCES INC.
                                  9400 North Broadway, Suite 600
                                  Oklahoma City, Oklahoma  73114
                                  fax:  (405) 600-0600

          with a copy to:         Michael M. Stewart, Esq.
                                  Crowe & Dunlevy
                                  20 North Broadway, Suite 1800
                                  Oklahoma City, Oklahoma  73102
                                  fax:  (405) 272-5238

                                        4
<PAGE>

          If to the Seller:       James E. McLachlan, President
                                  McLachlan Drilling Company
                                  P.O. Box 548
                                  815 W. 7th Street
                                  Evart, MI  49631
                                  fax:  (231) 734-2199

          with a copy to:         James B. Jensen, Jr.
                                  Foster, Swift, Collins & Smith, P.C.
                                  313 S. Washington Square
                                  Lansing, MI  48933
                                  fax:  (517) 367-7384

          6.3 INTEGRATION; AMENDMENT. This Agreement constitutes the entire
     agreement of the parties with respect to the subject matter hereof and may
     not be modified, amended or terminated except by a written agreement
     specifically referring to this Agreement and signed by all of the parties
     hereto.

          6.4 WAIVER. No waiver of any breach or default hereunder shall be
     considered valid unless in writing and signed by the party giving such
     waiver, and no such waiver shall be deemed a waiver of any subsequent
     breach or default of the same or similar nature.

          6.5 BINDING EFFECT; ASSIGNMENT. This Agreement shall be binding upon
     and shall inure to the benefit of each party hereto and its successors and
     assigns. The Buyer may assign its rights under this Agreement to a
     wholly-owned subsidiary of the Buyer, but such assignment shall not relieve
     the Buyer from responsibility under this Agreement or the promissory note
     to be delivered for the Purchase Price. Seller may not assign its rights
     and obligations under this Agreement without the consent of Buyer.

          6.6 SECTION HEADINGS. The section headings contained in this Agreement
     are for convenience of reference only and are not intended to define or
     limit the contents of such sections.

          6.7 COUNTERPARTS; FACSIMILE EXECUTION. This Agreement may be executed
     in multiple counterparts (including by means of facsimile or other
     electronic medium), all of which taken together shall be deemed to be one
     document.

          6.8 GOVERNING LAW. This Agreement shall be governed by and construed
     in accordance with the law of the State of Michigan applicable to contracts
     made and to be performed therein, without reference to its conflict of laws
     provisions.

          6.9 FORUM SELECTION. The parties agree that the state and federal
     courts of the districts in which Lansing, Michigan, is located shall have
     exclusive jurisdiction over any case or controversy arising out of or in
     any manner relating to this Agreement or the parties' obligations
     hereunder.

                                        5
<PAGE>

          6.10 LITIGATION EXPENSES. In the event either party hereto commences
     litigation against the other to enforce its rights hereunder, the
     prevailing party in such litigation shall be entitled to recover from the
     other its reasonable attorneys' fees and expenses incidental to such
     litigation.

                        SIGNATURE PAGE FOLLOWS THIS PAGE.

                                        6
<PAGE>

     IN WITNESS WHEREOF, the parties have executed and delivered this Asset
Purchase Agreement on the date set forth in the introductory paragraph of this
Agreement.

"BUYER"                       GMX RESOURCES INC., an Oklahoma corporation

                              By: /s/ Ken L. Kenworthy, Jr.
                                  ------------------------------
                                  Ken L. Kenworthy, Jr., Chief Executive Officer

"SELLER"                      McLACHLAN DRILLING COMPANY, a Michigan
                              corporation

                              By: /s/ James E. McLachlan
                                  ------------------------------
                                  James E. McLachlan, President

                                        7
<PAGE>

                                    EXHIBIT A
                                    ---------

                          LIST OF EQUIPMENT COMPONENTS

Exhibit A to Asset Purchase Agreement                                Page 1 of 2
<PAGE>

DRAW WORKS
Ideco H-1000 single drum with circul. brake flanges, Parmac double 22"
Hydro-matic brake, Crown-o-matic, spinning cathead, hydraulic catworks,
Gearmatic hydraulic tugger winches - Powered by: 2 ea Cummins NT A Diesel
engines w/ Allison 5860 five-speed transmissions-1050 HP

MAST
Ideco KN117-358 AH-117ft, 358,000 lb on 10 lines, 4" standpipe, 3 1/2 x 55'
kelly hose

TRAVELING
Gardner Denver TWW -30 block assembly with 300 ton hydrahook. Unitized
block-hook w/5-42" sheaves 1-1/8" line, 96" x 2 3/4' weldess bails

TWO SUBSTRUCTURES AVAILABLE

A) Custom 300 ton integrally loaded w/ 14' x 24' floor space, 13' KB measurement
w/ 10' 6" clear height under rotary beams-48' long cat walk w/V -Door

B) Custom 400 ton cantilever substructure with 14' x 19' 11" floor space - 18'
11" KB measurement and 16' clear height under the rotary beams - 48' long cat
walk w/V-Door. Substructure is fitted and pinned to a 5' 7" high x 80' long pony
sub w/ ramp located in Evart, MI

ROTATING
Ideco SR 20.5 rotary table- 20 1/2 in opening w/split master bushing Ideco TL
200 ton swivel Foster Model 77 kelly spinner 5 1/4 x 40' Hex kelly Varco 4 r
oller drive bushing

MUD SYSTEM
2 ea 225 bbl steel pits w/7 compartments, bypass trougbing, top mounted walkways
Harrisburg 10" two cone desander w/ 50 HP electric motor, 5 x 6 centrfugal pump
w/ internal piping to charge either system Derrick flow line cleaner shale
shaker Choke manifold & gas buster

WELL CONTROL EQUIPMENT
Cameron 11" 5000 Ib Type D Annular
Schaffer 11" 5000 Ib Type "LWS" double ram w/4 1/2 & blind rams
Schaffer 13 5/8" 5000 Ib Annular
Schaffer 13 5/8" 5000 lb "LWS" double ram w/ 4 1/2 and blind rams
Koomey Type 80 3000# 80 gal accumulator w/5 stations & remote, one 15 HP
electric tiplex & 2 air charge pumps W/Nitrogen backup system

DRILL STRING
8 EA 8 x 2 1/4 drill collars
20 ea 6 1/2 x 2 1/4 drill collars

GENERATOR ACCUMULATOR TRAILER
2 ea 275 KW gen sets powered by John Deere Cummins engine & power panel

DOG HOUSE, FUEL TRAILER
8' x 22' elevating dog house w/tool room & knowledge box equipped w/Martin
Decker 3-pen recorder & Satellite Automatic Driller 8,000 gal fuel tank with
lubster

AUXILIARY EQUIPMENT
Wooley Type "B" rotary tongs 3 1/2 x 13 3/8 heads, 2 ea 360 BBL water tanks w/
triplex high pressure wash down pump & rig circulating system

<PAGE>

                                    EXHIBIT B
                                    ---------

                             FORM OF PROMISSORY NOTE

<PAGE>

                                 PROMISSORY NOTE

$5,100,000.00                                            OKLAHOMA CITY, OKLAHOMA
                                                                DECEMBER 8, 2005

     FOR VALUE RECEIVED, the undersigned GMX RESOURCES INC., an Oklahoma
corporation, and its wholly-owned subsidiary, Diamond Blue Drilling Co., an
Oklahoma corporation, jointly and severally (collectively "MAKER"), promises to
pay to the order of McLachlan Drilling Company, a Michigan corporation
("PAYEE"), whose address is P.O. Box 548, 815 West 7th Street, Evart, Michigan
49631, the principal sum of Five Million One Hundred Thousand and No/100s
Dollars ($5,100,000.00), together with interest at the rate of seven percent
(7%) per annum or as otherwise described herein on the unpaid principal balance
from time to time outstanding hereunder, beginning to accrue from the date
hereof and payable at the time and in the manner set forth herein.

     The principal balance hereunder, together with all accrued and unpaid
interest thereon, shall be due and payable on January 2, 2006. Any payment
hereunder which would otherwise be due on a Saturday, Sunday or a day upon which
the banks in Oklahoma City, Oklahoma are otherwise closed shall instead be due
on the next business day upon which the banks in such location are open. All
payments of principal or interest hereunder shall be made to Payee at the
address set forth above, or such other address as Payee may designate in writing
to Maker from time to time.

     If this Promissory Note is placed in the hands of an attorney for
collection or to defend or enforce any of the holder's rights hereunder, Maker
will pay to the holder hereof its reasonable attorneys' fees, together with all
court costs and other expenses paid by such holder. While any default exists in
the timely payment of amounts due hereunder, all outstanding amounts of
principal and accrued and unpaid interest shall bear interest at a rate equal to
five percent (5%) per annum in excess of the interest rate otherwise provided
hereunder, accrued from the occurrence of such default.

     Any default under the terms of a Security Agreement dated as of the date
hereof entered into by and between Maker and Payee (a copy of which is attached
hereto as Exhibit A) shall constitute a default under this Promissory Note.

     No waiver of any payment or other right under this Promissory Note or any
related agreement shall operate as a waiver of any other payment or right. This
Promissory Note shall inure to the benefit of the successors and assigns of
Payee or any other holder and shall be binding upon the successors and assigns
of Maker.

     This Promissory Note is to be construed according to the laws of the State
of Michigan.

     IN WITNESS WHEREOF, the undersigned has executed this instrument on the
date above written.

                                     GMX RESOURCES INC., an Oklahoma corporation
                                     and
                                     Diamond Blue Drilling Co., an Oklahoma
                                     corporation

                                     By:
                                         -------------------------------------
                                         Ken L. Kenworthy, Jr.
                                         Chief Executive Officer

<PAGE>
                                                    EXHIBIT A TO PROMISSORY NOTE

                               SECURITY AGREEMENT

     SECURITY AGREEMENT ("Agreement") made as of the 8th day of December, 2005,
by and between McLachlan Drilling Company, a Michigan corporation, whose mailing
address is P.O. Box 548, Evart, Michigan, 49631-0548 and whose street address is
815 West 7th Street, Evart, Michigan, 49631 ("Secured Party"), and Diamond Blue
Drilling Co., an Oklahoma corporation and a wholly-owned subsidiary of GMX
Resources Inc., an Oklahoma corporation, ("GMX") whose mailing and street
address is 9400 North Broadway, Suite 600, Oklahoma City, Oklahoma, 73114 (the
"Debtor").

     Debtor and Secured Party AGREE AS FOLLOWS:

     1. GRANT OF SECURITY INTEREST. Debtor hereby grants Secured Party a
continuing security interest in the property described in Paragraph 2. below
(all of the property described in Paragraph 2. is collectively referred to in
this Agreement as the "Collateral"), to secure the punctual payment and full
performance of all indebtedness, liabilities and obligations of Debtor and GMX
to Secured Party under or pursuant to the covenants and agreements contained in
a certain Promissory Note of even date herewith executed by Debtor and GMX and
payable to Secured Party in the principal amount of Five Million One Hundred
Thousand and 00/100 Dollars ($5,100,000.00) (referred to as the "Note"). Said
Note being issued by Debtor and GMX to purchase the Collateral from the Secured
Party. It is the express intention of Debtor that this Security Agreement shall
be security for the payment and performance of the Note.

     2. COLLATERAL. The Collateral is that certain oil drilling rig more
particularly known as Rig No. 5 and all related equipment, including collars,
and all associated components and tools described on the attached Exhibit A; as
well as the proceeds of the Collateral and the proceeds of all insurance,
eminent domain, condemnation awards, and all products of and accessions to the
Collateral.

     3. NO UNAUTHORIZED DISPOSITION OF COLLATERAL. Debtor will not sell the
Collateral except in the ordinary course of Debtor's business and will not
assign, transfer, pledge, grant a security interest in, or otherwise dispose of
or encumber the Collateral without Secured Party's prior written consent.

     4. PERFECTION OF SECURITY INTEREST. Debtor will promptly execute and
deliver to Secured Party, concurrently with execution of this Security Agreement
and at any time or times hereafter, at the request of Secured Party, all
financing statements, assignments, certificates of title, applications for motor
vehicle titles, affidavits, reports, notices, letters of authority and any and
all other documents and agreements as Secured Party may request, in form
satisfactory to Secured Party, to perfect and to at all times maintain

                                        1
<PAGE>
                                                    EXHIBIT A TO PROMISSORY NOTE

perfected Secured Party's security interest in the Collateral. Debtor also
agrees to make appropriate entries on its books and records disclosing Secured
Party's security interest in the Collateral.

     5. WARRANTIES. Debtor agrees and warrants to Secured Party that: (a) Debtor
has or forthwith will acquire full legal title to the Collateral and is, or when
acquired will be, the lawful owner of all of the Collateral with an unqualified
right to subject the Collateral to the security interest herein granted to
Secured Party; (b) all of the Collateral is, or when acquired by Debtor will be,
in the possession of the Debtor, and Debtor agrees not to remove the Collateral
outside the State of Texas without Secured Party's prior written consent, nor
use or permit the Collateral to be used for any unlawful purpose; (c) Debtor
will not conduct Debtor's business under any name other than that set forth
above, nor change or reorganize the business entity under which it does
business, except upon the prior written approval of Secured Party and, if such
approval is granted, Debtor agrees that all documents, instruments and
agreements requested by Secured Party shall be prepared, filed and recorded at
Debtor's expense, before such change occurs; (d) Debtor will not remove any
records concerning the Collateral from the street address specified above nor
keep any of its records at any other address unless written notice thereof is
given to Secured Party at least ten (10) days prior to the creation of any new
address for the keeping of such records; (e) Debtor will at all times maintain
the Collateral in good condition and repair; and (f) Debtor has full authority,
complete power and is duly authorized to enter into this Agreement with Secured
Party, and the execution of this Agreement does not constitute a breach of any
provision contained in any other agreement or instrument to which Debtor is or
may become a party or by which Debtor is or may be bound or affected. Debtor
hereby agrees to indemnify and hold harmless Secured Party from and against any
and all expenses and costs, including reasonable attorney fees, arising from or
related to any breach of these warranties. All of Debtor's warranties in this
Paragraph 5. shall be deemed to be continuing warranties until Debtor shall have
no obligations to Secured Party under the Note.

     6. TAXES, INSURANCE. Debtor will: (a) promptly pay all taxes, levies,
assessments, judgments, and charges of any kind upon or relating to the
Collateral, to Debtor's business, and to Debtor's ownership or use of any of its
assets, income, or gross receipts; (b) at its own expense, keep all of the
Collateral fully insured against loss or damage by fire, theft, explosion and
other risks, in such amounts, with such companies, under such policies, and in
such form as shall be satisfactory to Secured Party, a copy of which policies
shall be delivered to Secured Party with evidence of premium payment and which
policies shall be endorsed to provide Secured Party a standard loss payable
clause with not less than thirty (30) days notice of cancellation or of any
change in coverage and the Secured Party shall have a security interest in the
proceeds of all such insurance and may apply any such proceeds received by it
toward payment of the Note, whether or not due, in such order of application as
Secured Party may determine; (c) maintain at its own expense public liability
and property damage insurance in such amounts, with such companies, under such
policies, and in such form as shall be satisfactory to Secured Party, and shall
furnish Secured Party with a copy of such policies and

                                        2
<PAGE>
                                                    EXHIBIT A TO PROMISSORY NOTE

evidence of payment of premiums thereon. If Debtor at any time fails to obtain
or maintain any of the policies required above or pay any premium relating
thereto, or shall fail to pay any tax, assessment, levy or charge, or discharge
any such lien, claim or encumbrance, then Secured Party, without waiving or
releasing any obligation or default of Debtor hereunder, may at any time
(without obligation to do so) make such payment, obtain such discharge, or
obtain and maintain such policies of insurance, pay such premiums, and take such
action with respect thereto as Secured Party deems advisable. All sums so
disbursed by Secured Party, including reasonable attorney fees, court costs,
expenses, and other charges relating thereto, shall be part of the Note secured
hereby, shall be payable on demand, and shall bear interest until paid to
Secured Party at ten percent (10 %) per annum.

     7. ACCESS. Debtor agrees to permit Secured Party or Secured Party's agents
to have access to and to inspect the Collateral. Secured Party is hereby
authorized to conduct from time to time such investigation of Debtor's
continuing creditworthiness as Secured Party shall deem appropriate including,
without limitation, Secured Party contact with Debtor's accountants or other
third parties, and Secured Party is also authorized to respond to any credit
inquiries received from trade creditors or other credit granting institutions.
Debtor agrees to promptly supply Secured Party with such financial and other
information concerning its financial and business affairs, assets and
liabilities as Secured Party may from time to time request, and Debtor agrees
that Secured Party or its agents may from time to time verify Debtor's
continuing compliance with any of Debtor's warranties made in Paragraph 5.
above, at Debtor's cost and expense.

     8. DEFAULT.

     A. The occurrence of any of the following events shall constitute a Default
(as such term is used herein): (a) the non-payment, when due, of any amount
payable on or pursuant to the Note, or any extension or renewal thereof; (b)
failure to perform any agreement or obligation of Debtor contained in the Note;
(c) any statement, representation, or warranty of Debtor made herein, is untrue
in any respect as of the date made; (d) any Debtor (which term, as used herein,
shall mean the Debtor, each of its shareholders, and each other party primarily
or secondarily liable on the Note) becomes insolvent or unable to pay their
debts as they mature, makes an assignment for the benefit of creditors, conveys,
substantially all of their assets, any proceedings are instituted by or against
any Debtor alleging that such Debtor is insolvent or unable to pay debts as they
mature or a petition of any kind is filed under the Federal Bankruptcy Code by
or against such Debtor; (e) entry of any judgment against any Debtor or any
order of attachment, execution, garnishment, forfeiture, sequestration, or other
writ or order is levied on the Collateral; (f) the dissolution, merger,
consolidation or transfer of a substantial part of the property of Debtor; (g)
Debtor fails to pay the full amount of any tax, fee or assessment due and owing
to any Federal, State or local government authority; or (h) any criminal
proceeding is initiated against any Debtor.

                                        3
<PAGE>
                                                    EXHIBIT A TO PROMISSORY NOTE

     B. Whenever a Default shall exist, the Note may, at the option of the
Secured Party and without demand or notice of any kind, be declared, and
thereupon shall immediately become due and payable, and the Secured Party may
exercise from time to time any and all rights and remedies, including the right
to immediate possession of the Collateral, available to it under applicable law.
Secured Party shall have the right to hold any property then in or upon the
Collateral at time of repossession not covered by this Agreement until return is
demanded in writing by the Debtor. Debtor agrees, upon Default, to assemble all
the Collateral at a convenient place acceptable to the Secured Party and to pay
all costs of collection of the Note, and enforcement of Secured Party's rights,
including reasonable attorney fees and legal expenses (including bankruptcy
proceedings), and all expenses in locating the Collateral and all expenses for
any repairs to any realty or other property to which any of the Collateral may
be affixed. Any notification of intended disposition of any of the Collateral
required by law shall be deemed reasonably and properly given if sent at least
seven (7) calendar days before such disposition, postage prepaid, addressed to
Debtor either at the address shown in this Agreement or at any other address of
Debtor appearing on the records of the Secured Party.

     9. GENERAL. Except as otherwise defined in this Agreement, all terms in
this Agreement shall have the meanings provided by the Michigan Uniform
Commercial Code as amended from time to time. Any delay by Secured Party in
exercising any power, privilege or right hereunder, or under any other
instrument or agreement executed by Debtor in connection herewith shall not
operate as a waiver thereof, and no single or partial exercise shall preclude
other or further exercise thereof, or the exercise of any other power, privilege
or right. The waiver by Secured Party of any Default by Debtor shall not
constitute a waiver of any subsequent Default, but shall be restricted only to
the Default waived. All rights, remedies and powers of Secured Party hereunder
are irrevocable and cumulative and not alternative or exclusive, and shall be in
addition to all rights, remedies, and powers given in any other instrument or
agreement or by the Michigan Uniform Commercial Code. This Agreement cannot be
modified except by a writing signed by Debtor and by the Secured Party.

     This Agreement has been delivered in Michigan, and shall be construed in
accordance with the laws of the State of Michigan. Whenever possible, each
provision of this Agreement shall be interpreted to be effective and valid under
applicable law, but if any provision of this Agreement is prohibited by or
invalid under applicable law, such provision shall be ineffective only to the
extent of such prohibition or invalidity without invalidating the remainder of
such provision or the remaining provisions of this Agreement. The rights and
privileges of the Secured Party hereunder shall inure to the benefit of its
successors and assigns, and this Agreement shall be binding on all successors
and permitted assigns of Debtor. The parties expressly acknowledge that Secured
Party has the right to assign all or any part of its rights hereunder, including
without limit, this Agreement; provided, however the Debtor shall receive seven
(7) days advance written notice of such assignment.

                                        4

<PAGE>
                                                    EXHIBIT A TO PROMISSORY NOTE

     IN WITNESS WHEREOF, each party hereto has executed this Security Agreement
on the date set forth below underneath said party's signature but effective as
of the 8th day of December, 2005.

                                    DEBTOR:

                                    Diamond Blue Drilling Co..
                                    an Oklahoma corporation

                                    By: ________________________________
                                        Ken L. Kentworthy, Jr.
                                        Chief Executive Officer

                                    Dated: December 8, 2005

                                    SECURED PARTY:

                                    McLACHLAN DRILLING COMPANY
                                    a Michigan corporation

                                    By: ________________________________
                                        James E. McLachlan, President

                                    Dated: December 8, 2005

                                        5
<PAGE>
                                   "EXHIBIT A"
                              TO SECURITY AGREEMENT

                            IDECO BIR 800 RAMBLER RIG
                           1000 HP, SERIAL NO. AL 1036
                        ON 6 AXLE SELF-PROPELLED CARRIER

DRAWWORKS
Ideco H-1000 single drum with circul. brake flanges, Parmac double 22"
Hydro-matic brake, Crown-o-matic, spinning cathead, hydraulic catworks,
Gearmatic hydraulic tugger winches - Powered by: 2 ea Cummins NTA Diesel engines
w/Allison 5860 five-speed transmissions-1050 HP

MAST
Ideco KN112-358 AH-112ft, 358,000 lb on 10 lines, 4" standpipe, 3 1/2 x 55'
kelly hose

TRAVELING
Gardner Denver TWW-30 block assemble with 300 ton hydrahook. Unitized block-hook
w/5-42" sheaves 1-18" line, 96" x 2-3/4" weldness bails

TWO SUBSTRUCTURES AVAILABLE

*A)      Custom 300 ton integrally loaded w/ 14' x 24' floor space, 13' KB
         measurement w/ 10' 6" clear height under rotary beams-48' long cat walk
         w/V-Door

 B)      Custom 400 ton cantilever substructure with 14' x 19' 11" floor space -
         18' 11" KB measurement and 16' clear height under the rotary beams -
         48' long cat walk w/V-Door. Substructure is fitted and pinned to a 5'
         7" high x 80' long pony sub w/ ramp

ROTATING
Ideco SR 20.5 rotary table- 20 1/2 in opening w/split master bushing Ideco TL
200 ton swivel Foster Model 77 kelly spinner 4 1/2 x 39' square kelly Varco 4
roller drive bushing

PUMPS
2 ea. Nat. 8-P-80 triplex 61/4" x 8 1/2" with quick change valve caps, Hydril
K-20 pulsation dampners powered by 2 ea. Cat 398 diesels 1000 HP

* = SUB BEING USED FOR THIS CONTRACT

<PAGE>

MCLACHLAN DRILLING COMPANY
RIG #5 SPECIFICATIONS
PAGE TWO

MUD SYSTEM
2 ea 225 bbl steel pits w/7 compartments, bypass troughing, top mounted walkways
Harrisburg 10" two cone desander w/ 50 HP electric motor, 5 x 6 centrfugal pump
w/ internal piping to charge either system Derrick flow line cleaner shale
shaker

WELL CONTROL EQUIPMENT
Cameron 11" 5000 lb Type D Annular
Schaffer 11" 5000 lb Type "LWS" double ram w/4 1/2 , 5 1/2 & blind rams
Koomey Type 80 3000# 80 gal accumulator w/5 stations & remote, one 15 HP
electric tiplex & 2 air charge pumps W/Nitrogen backup system

DRILL STRING
4 EA 8 x 2 1/4 drill collars
20 ea 6 1/2 x 2 1/4 drill collars
8,500' 4 1/2 XH Grade "E" 16.60 lb range 2 DP on tandem axle pipe tubs 2,000 4
1/2 x H Grade E 20.00 lb range 2 DP

GENERATOR ACCUMULATOR TRAILER
2 ea 275 KW new gen sets powered by John Deere 8.1 Liter diesel engine and power
panel

DOG HOUSE, FUEL TRAILER
8' x 22' elevating dog house w/tool room & knowledge box equipped w/Martin
Decker 3-pen recorder & Bear Automatic Driller 7,000 gal fuel tank with lubster

AUXILIARY EQUIPMENT
Wooley Type "B" rotary tongs 3 1/2 x 13 3/8 heads, 2 ea 360 BBL water tanks w/
triplex high pressure wash down pump & rig circulating system

09/03
<PAGE>

                                    Exhibit C
                                    ---------

                              FORM OF BILL OF SALE

<PAGE>
                                                                       Exhibit C
                                                                       ---------

                           BILL OF SALE AND ASSIGNMENT

     THIS BILL OF SALE AND ASSIGNMENT is made and entered into as of the 8th day
of December, 2005, by McLachlan Drilling Company, a Michigan corporation (the
"SELLER"), with reference to the following circumstances:

     WHEREAS, the Seller and GMX RESOURCES INC., an Oklahoma corporation ("GMX")
are parties to that certain Asset Purchase Agreement dated December 8, 2005 (the
"AGREEMENT"), the terms and provisions of which are herein incorporated by
reference in their entirety, pursuant to which the Seller has agreed to sell,
convey, transfer, assign and deliver to Blue Diamond Drilling Co. (the "Buyer"),
which is a wholly-owned subsidiary of GMX and GMX and the Buyer have agreed to
purchase, receive and accept from the Seller, a drilling rig and related parts
and components with the specifications set forth on Exhibit A attached hereto
and made a part hereof by this reference (the "RIG").

     NOW THEREFORE, for and in consideration of the sum Five Million One Hundred
Thousand Dollars ($5,100,000), payable as set forth in the Agreement:

     1. The Seller hereby sells, conveys, transfers, assigns and delivers the
Rig to Buyer, its successors and assigns, to have and to hold the Rig unto the
Buyer, its successors and assigns forever.

     2. The Seller warrants that this transfer is effective to vest good and
marketable title to the Rig in the Buyer, free and clear of all liens and
encumbrances of any kind. The Seller further warrants that at the time of
transfer, it is the sole owner of the Rig.

     3. The Seller agrees to execute, acknowledge and deliver to the Buyer such
further acts, transfers, conveyances and assignments and such other documents
and instruments as may reasonably be required for the better transferring,
assuring, conforming and vesting unto the Buyer of the Rig, and for aiding and
assisting the Buyer in the collecting and reducing the same to the Buyer's
possession.

     4. Nothing contained in this Bill of Sale and Assignment is intended to
modify, amend or alter in any respect the rights and obligations of the parties
under the Agreement, which shall remain in full force and effect notwithstanding
the execution and delivery hereof.

     IN WITNESS WHEREOF, the Seller has executed this instrument as of the day
and year first above written.

"SELLER"                           McLACHLAN DRILLING COMPANY, a
                                   Michigan corporation

                                   By: ___________________________
                                   Name: _________________________
                                   Title: ________________________

<PAGE>

                                 ACKNOWLEDGMENT

State of  Michigan                )
                                  )   SS.
County of _____________           )

     This instrument was acknowledged before me on this ____ day of
________________, 2005, by ____________________, as __________________ of
McLachlan Drilling Company, a Michigan corporation.

                                     __________________________________________
                                     Notary Public, Commission No. ____________

My Commission Expires:

______________________
      (SEAL)

                                        2

<PAGE>

                                    EXHIBIT A
                                    ---------

                            RIG PARTS AND COMPONENTS

DRAW WORKS
Ideco H-1000 single drum with circul. brake flanges, Parmac double 22"
Hydro-matic brake, Crown-o-matic, spinning cathead, hydraulic catworks,
Gearmatic hydraulic tugger winches - Powered by: 2 ea Cummins NT A Diesel
engines w/ Allison 5860 five-speed transmissions-1050 HP

MAST
Ideco KN117-358 AH-117ft, 358,000 lb on 10 lines, 4" standpipe, 3 1/2 x 55'
kelly hose

TRAVELING
Gardner Denver TWW -30 block assembly with 300 ton hydrahook. Unitized
block-hook w/5-42" sheaves 1-1/8" line, 96" x 2 3/4' weldess bails

TWO SUBSTRUCTURES AVAILABLE
A) Custom 300 ton integrally loaded w/ 14' x 24' floor
space, 13' KB measurement w/ 10' 6" clear height under rotary beams-48' long cat
walk w/V -Door

B) Custom 400 ton cantilever substructure with 14' x 19' 11" floor space - 18'
11" KB measurement and 16' clear height under the rotary beams - 48' long cat
walk w/V-Door. Substructure is fitted and pinned to a 5' 7" high x 80' long pony
sub w/ ramp located in Evart, MI

ROTATING
Ideco SR 20.5 rotary
table- 20 1/2 in opening w/split master bushing Ideco TL 200 ton swivel Foster
Model 77 kelly spinner 5 1/4 x 40' Hex kelly Varco 4 roller drive bushing

MUD SYSTEM
2 ea 225 bbl steel pits w/7 compartments, bypass trougbing, top mounted
walkways
Harrisburg 10" two cone desander w/ 50 HP electric motor, 5 x 6 centrfugal pump
w/ internal piping to charge either system
Derrick flow line cleaner shale shaker
Choke manifold & gas buster

WELL CONTROL EQUIPMENT
Cameron 11" 5000 Ib Type D Annular
Schaffer 11" 5000 Ib Type "LWS" double ram w/4 1/2 & blind rams
Schaffer 13 5/8" 5000 Ib Annular
Schaffer 13 5/8" 5000 lb "LWS" double ram w/ 4 1/2 and blind rams
Koomey Type 80 3000# 80 gal accumulator w/5 stations & remote, one 15 HP
electric tiplex & 2 air charge pumps W/Nitrogen backup system

DRILL STRING
8 EA 8 x 2 1/4 drill collars
20 ea 6 1/2 x 2 1/4 drill collars

GENERATOR ACCUMULATOR TRAILER
2 ea 275 KW gen sets powered by John Deere Cummins engine & power panel

DOG HOUSE, FUEL TRAILER 8' x 22' elevating dog house w/tool room & knowledge box
equipped w/Martin Decker 3-pen recorder & Satellite Automatic Driller 8,000 gal
fuel tank with lubster

AUXILIARY EQUIPMENT
Wooley Type "B" rotary tongs 3 1/2 x 13 3/8 heads, 2 ea 360 BBL water tanks w/
triplex high pressure wash down pump & rig circulating system

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