Document:

EXHIBIT 4.01

 EXHIBIT 4.01 
 AEGON USA COMPANIES 
 EMPLOYEE STOCK OPTION PLAN 2006 
 TERMS AND CONDITIONS 
  

	1.	DEFINITIONS 

 In this Option Plan, unless the
context otherwise requires, the following words and expressions shall have the following meanings: 
  

	 	(a)	“Option Plan” or “Plan”: this AEGON USA Companies Employee Stock Option Plan 2006; 

  

	 	(b)	“Option” or “Options”: the right to acquire Shares at the Exercise Price per Share; 

  

	 	(c)	“Shares” or “Share”: common shares of AEGON of New York registry having a par value of EUR 0.12 per share; 

  

	 	(d)	“Reference Date”: March 13, 2006, the date on which the Option is granted; 

  

	 	(e)	“Exercise Price”: the official closing price of the Shares on the Reference Date on the Euronext Amsterdam Stock Market N.V.; 

  

	 	(f)	“AEGON”: AEGON N.V.; 

  

	 	(g)	“AEGON USA Companies” or “Company”: Those U.S. affiliates of AEGON as of March 13, 2006, or prior thereto and as set forth in Schedule A;

  

	 	(h)	“Eligibility Date”: shall mean March 13, 2006; 

  

	 	(i)	“Participant”: those eligible employees as set forth in these Terms and Conditions of the Plan; 

  

	 	(j)	“Vesting Date”: for the purposes of this Plan, shall mean that date on which Options granted hereunder, subject to a “vesting period,” have become fully vested
with the Participant (March 13, 2009). 

  

	2.	ELIGIBILITY 

 Those persons eligible for
participation in the Option Plan shall be only those employees of an AEGON USA Company as set forth on Schedule A (including international employees working with an AEGON USA Company who have United States source income) who will have been employed
on a 12-month continuous full time or regular part time basis of at least 20 hours per week as of, and still employed, on the Eligibility Date (hereinafter referred to as the “Eligible Employee”). No bridging of service shall apply.

  

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	3.	PARTICIPATION 

  

	 	3.1	Each Eligible Employee shall automatically become a Participant in the Plan and have an Option for 300 Shares. 

  

	 	3.2	Eligible Employees will receive notice that they are Participants in the Plan. 

  

	4.	OPTION RIGHTS 

  

	 	4.1	Beginning on the Reference Date, each Eligible Employee shall receive his or her applicable Option grant. All Options granted pursuant to the Plan shall be subject to a three-year
“vesting period” after the Reference Date. All Options granted pursuant to the Plan shall vest fully on the Vesting Date. 

  

	 	4.2	The Option shall only be exercisable as directed by the Company. 

  

	 	4.3	The Option has a maximum duration of seven years from the Reference Date and shall expire at the close of business March 12, 2013. 

  

	5.	EXERCISE 

  

	 	5.1	An Option granted to a Participant under Section 4.1 may only be exercised as directed by the Company on or after the Vesting Date and only on trading days of the applicable
stock exchange, subject to the provisions of Sections 7 and 8 hereof. The Participant must be continuously employed by an AEGON USA Company or an affiliate until the Vesting Date in order to exercise any rights, including the right to exercise any
Options, under this Plan. 

  

	 	5.2	Each Participant must provide the Company or its designee appropriate notice that the Participant wishes to exercise his or her Option under procedures established by the Company.

  

	 	5.3	The Option shall be exercisable only in whole but not in part and shall be conducted by purchasing the Shares in accordance with the directions established by the Company. The
Participant may elect to immediately sell the Shares received after the exercise of the Option and receive the proceeds, if any. 

  

	 	5.4	If the Participant elects to receive cash proceeds, the Company or its designee shall sell the Shares for the risk of the Participant. An AEGON USA Company shall pay to the
Participant the proceeds from the sale reduced by the costs of the sale, including applicable taxes, fees, and other costs, if any. 

  

	 	5.5	If the Participant elects to have the Shares transferred to the Participant, the Company shall arrange for the Shares to be transferred to the Participant upon receipt of the amount
due in U.S. Dollars (the Exercise Price multiplied by the number of Shares received upon exercise of the Option and divided by the exchange rate as stated in Section 5.7 plus applicable taxes, fees, and other costs, if any) on the account of
the Participant. 

  

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	 	5.6	The Exercise Price shall be converted into U.S. Dollars at the official exchange rate for Euro/U.S. Dollars at the end of the day before the date of exercise.

  

	 	5.7	Any difference in price, either resulting from the price on New York Stock Exchange or from the currency rate of exchange, a non-sale, as well as an overdue sale of the Shares are
for the account and risk of the Participant. The proper and timely notice of exercise is also for the account and risk of the Participant. 

  

	 	5.8	Any amounts received or retained by any of the AEGON USA Companies for taxes and other costs, if any, in accordance with United States law, are for the account and risk of the
Participant. 

  

	 	5.9	If AEGON alters its share capital, AEGON may adjust the Exercise Price or the number of Options subject to grant and shall inform the Company accordingly. AEGON, in its sole
discretion, shall determine whether it has altered its share capital. 

  

	6.	SALES AND CHANGE OF CONTROL 

  

	 	6.1	Change of Control shall mean the consummation of a reorganization, merger or consolidation or sale or other disposition of more than 50% of the assets of AEGON’s United States
operations to an entity that is not affiliated with AEGON. 

  

	 	6.2	In the event of a Change of Control, all Options shall immediately and without any action by any person become fully exercisable for a period of two months from the date of the
Change of Control pursuant to the terms and conditions of this Plan. 

  

	 	6.3	In the event of any divestiture, sale or other disposition of an operating division or business unit (other than a transaction specified in Section 6.1 of the Plan) prior to
the Vesting Date, any employee of any division or business subject to such divestiture, sale or other disposition (each, a “Transferred Employee”) shall be treated for all purposes of this Plan as having terminated employment with the
Company as of the date of such divestiture, sale or disposition, and all Options held by any Transferred Employee shall automatically terminate, forfeit and expire as of the date of such divestiture, sale or disposition. 

  

	7.	FORBIDDEN EXERCISE/BLACKOUT PERIODS 

  

	 	7.1	Except as provided in Section 7.6 or 7.7, neither the exercise of the Option nor the sale of any Shares is permitted during any Blackout Period or at any other time when the
Participant has “Insider Knowledge.” Under no circumstances shall the Participant exercise the Option or sell any Shares to the extent such action would violate applicable law. 

  

	 	7.2	For purposes of the Plan, “Insider Knowledge” means knowledge of information concerning AEGON or the AEGON N.V. common shares, of which the Participant is in possession
that is material and non-public including, without limitation, information that may influence the price of the AEGON N.V. common shares, in either direction, on any stock exchange. 

  

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	 	7.3	Without limiting the generality of the Company’s policies with regard to share dealing and treatment of confidential information or other legal obligations applicable to a
Participant, each Participant is expressly prohibited from communicating any “Insider Knowledge” to any third party, unless he or she does so to comply with a statutory or legal obligation after consultation with counsel or in the
performance of and expressly in furtherance of his or her job responsibilities to the Company. Under no circumstances shall the Participant purchase or sell any AEGON securities, including without limitation Shares or solicit or induce a third party
to purchase, sell, or not to trade any such securities based on Insider Information or during a Blackout Period or otherwise in a manner prohibited by applicable law. 

  

	 	7.4	The exercise of any Options is not allowed during the following periods: 

  

	 	(a)	two calendar months immediately preceding the release of the annual earnings of AEGON; 

  

	 	(b)	twenty-one days immediately preceding the publication of the six-months results and the quarterly results or the announcement of any dividend or interim dividend, as well as on the
trading day(s) after the announcement of AEGON’s (interim) dividend on which the AEGON share is not yet quoted ex-dividend; 

  

	 	(c)	one month immediately preceding the first publication of a prospectus for an issue of AEGON N.V. common shares. Each period referred to in this Section 7.4(a), (b) and
(c) is, and they are collectively, referred to as a “Blackout Period.” 

  

	 	7.5	AEGON shall publish and distribute notices of the Blackout Periods set forth in Sections 7.4(a), (b) and (c) to all Participants in any reasonable manner, including
electronically. 

  

	 	7.6	If a Participant would forfeit his or her Option because it would expire during a Blackout Period or at a time when the Participant has Insider Knowledge, the Participant may in
that circumstance exercise the Option during one of the last five working days prior to the expiration of the Option; provided however that such Participant may not thereafter sell the Shares so acquired until such time as a Blackout Period is no
longer in effect and such Participant no longer has any Insider Knowledge. In order to exercise this right, a Participant must provide a written exercise request under procedures established by the Company which request indicates that the Option is
to be exercised but the Shares underlying the Option are not to be sold by or on behalf of the Participant and which request indicates which day of the five working days before expiration of the Option on which the Participant wishes to exercise the
Option. Each of the five working days prior to expiration must be a business day on which the applicable stock exchange is open for business. If the Participant does not explicitly state which day of the five working days prior to expiration the
Participant wishes to exercise the Option, the Company will exercise the Option on the last day the Option can be legally exercised. Any request by the Participant in accordance with this Section 7.6 is irrevocable once made.

  

	 	7.7	 If at a time that is neither a Blackout Period nor a time when a Participant is then in possession of Insider Knowledge, a Participant provides a written exercise
form to exercise his or her Option under procedures established by the Company not less than two months or more than three months in advance of the expiration date of the Options, and such election is scheduled in such notice to take place on a date
that is during a Blackout Period or when such Participant is or may be in 

  

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possession of Insider Knowledge, then such request may nevertheless be granted, the Option exercised on the date specified in such request and, if the
request so indicates, Shares received upon such exercise sold in the market with the proceeds delivered to such Participant. The Participant shall not be permitted to exercise any discretion over how, when or whether to effect such sale once such a
written exercise request has been received, and any sale of Shares effected pursuant to such an exercise may be conducted by an independent third party that is not in possession of any Insider Knowledge. 

  

	 	7.8	If (i) a Participant terminates employment during a Blackout Period, (ii) the Option granted hereunder became vested on or before the Participant terminates employment,
(iii) the Participant’s right to exercise any Option granted hereunder would end during the same Blackout Period and (iv) the Participant has provided to the Company a properly completed exercise form prior to the end the Blackout
Period, then the Plan shall exercise the Option granted hereunder on the first day after the then current Blackout Period ends. If the Participant does not provide to the Company a properly completed exercise form prior to the end of the Blackout
Period, then the Participant shall forfeit his/her Options. 

  

	8.	FURTHER CONDITIONS 

  

	 	8.1	Except as specifically provided herein, the Option is strictly personal and the Participant cannot transfer in any way or in any other manner the passing of title.

  

	 	8.2	The Participant cannot pledge, assign or encumber the Option in any other way. 

  

	 	8.3	Any attempt to pledge, transfer, or encumber the Option in any manner in contravention of Sections 8.1 and 8.2 of the Plan shall be null and void and will result in the
Participant’s forfeiture of the Option. 

  

	 	8.4	A Participant may not “hedge,” or otherwise sell or purchase options on AEGON securities, whether or not marketable, in connection with the Options granted under this
Plan. 

  

	 	8.5	In the event a Participant’s employment with an AEGON USA Company terminates prior to the Vesting Date, the Participant shall forfeit any and all rights to any Options granted
under this Plan. 

  

	 	8.6	In the event a Participant’s employment with the AEGON USA Companies terminates for any reason (except for retirement, total and permanent disability or death) on or after the
Vesting Date, the Participant shall have only a period of sixty (60) days from the date of termination, or the Expiration Date, whichever is earlier, in which to exercise his or her Options granted under this Plan. In the event that the Options
are not exercised within this 60-day period, all such Options granted to such Participant shall terminate automatically, and the Participant shall forfeit any and all rights to any Options granted under this Plan. 

  

	 	8.7	 In the event a Participant’s employment with the AEGON USA Companies terminates only due to retirement or death on or after the Vesting Date, the Participant
(or his or her legal representative, as applicable) shall be required to exercise his or her Options within one (1) year following the date the Participant terminates employment, or the Expiration Date, whichever 

  

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is earlier. The heirs or appointed personal representatives of the deceased Participant shall acknowledge and agree that they are subject to the terms and
conditions of this Plan and shall duly complete any required documentation that is reasonably required in order to exercise any Options under this Plan. In the case of death of the Participant, the heirs or appointed personal representative(s) must
exercise all Options granted under the Plan at the same time. 

  

	 	8.8	In the event a Participant terminates employment with the AEGON USA Companies due to total and permanent disability (as defined in the AEGON USA, Inc. Long Term Disability Plan),
the following rules shall apply: If a Participant receives 26 weeks of continuous short term disability under the AEGON USA, Inc. Short-Term Disability Program, the Participant shall have 60 days after the date short term disability benefits end to
exercise his/her Options under the Plan. If the Participant does not exercise his/her Options under the Plan, and the Participant does not qualify for benefits under the AEGON USA, Inc. Long Term Disability Plan, then the Participant shall no longer
have a right to exercise his/her Options under the Plan. If the Participant exercised his/her Options under the Plan during the aforesaid 60 day period and the Participant subsequently receives benefits under the AEGON USA, Inc. Long Term Disability
Plan, the Participant will have no further rights to exercise Options under the Plan. If the Participant in the Plan receives benefits under the AEGON USA, Inc. Long Term Disability Plan and has not exercised his/her Options under the Plan, then the
Participant shall have 60 days from the date of termination of employment to exercise his/her Options under the Plan provided; however in no event, shall the Participant be able to exercise his/her Options after the period specified in
Section 4.3. The exercise or non-exercise of Options pursuant to this paragraph 8.8 is solely at the risk of the Participant. 

  

	 	8.9	Those Options of any Participant which the Participant does not exercise shall lapse and become null and void, without any right to compensation, at the close of AEGON business on
March 12, 2013, or such earlier period as set forth in the Plan. 

  

	 	8.10	Neither AEGON nor any AEGON USA Company shall have any duty or obligation to inform the Participant of the possible forfeiture of the Option, nor the actual termination of the
Option. In addition, neither AEGON nor any AEGON USA Company shall be liable under any theory of recovery for a Participant’s failure to exercise his or her Option during the term of the Option as described herein. 

  

	 	8.11	Subject to 8.15, AEGON, in its sole discretion, has and retains the absolute authority to amend or terminate the Plan and other rules of this Plan any time, with or without notice
to the Participants, if made necessary due to changes in the laws of The Netherlands or of the United States of America. 

  

	 	8.12	This Option Plan is governed by Dutch Civil Law. 

  

	 	8.13	AEGON or its designee, including a committee established by the Company, shall have full and absolute authority and discretion to make a final determination with regard to any
conflict or issues regarding the interpretation or application of the terms of this Plan. 

  

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	 	8.14	While the Plan shall be legally enforceable, it shall not be deemed to constitute a contract of employment between Participants and either AEGON or any AEGON USA Company or their
affiliates or to be a consideration or inducement for the employment of any Participant or eligible employee. Nothing contained in the Plan shall be deemed to give any Participant or eligible employee the right to be retained in the service of
either AEGON or any AEGON USA Company, nor to interfere with the right of AEGON or any AEGON USA Company to discharge any Participant or Eligible Employee at any time regardless of the effect which such discharge may have upon him or her as a
Participant in the Plan. 

  

	 	8.15	AEGON or its designee retains the right to amend either this Plan or any Option awarded under the Plan either retroactively or prospectively if any aspects or provisions of this
Plan are later found to subject Plan benefits to additional tax under the provisions of Section 409A of the Internal Revenue Code. 

  

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 SCHEDULE A 
 AEGON Direct Marketing Services, Inc. 
 AEGON USA Realty Advisors, Inc. 
 Life Investors Insurance Company of America 
 Monumental Life Insurance Company 
 Peoples Benefit Life Insurance Company 
 Stonebridge Life Insurance Company 
 Transamerica Capital, Inc. 
 Transamerica Financial Life Insurance Company 
 Transamerica Investment Services, Inc.

 Transamerica Life Insurance Company 
 Transamerica Occidental Life Insurance Company 
 Western Reserve Life Assurance Co. of Ohio 
 World Financial Group, Inc. 
  

 15Fourth Amendment to Loan Agreement and Allonge to Promissory Note

 Exhibit 10(as) 
 FOURTH AMENDMENT TO LOAN AGREEMENT AND ALLONGE 
 TO PROMISSORY NOTE 
 This Fourth Amendment to Loan Agreement and Allonge to Promissory Note (this “Amendment”) is made effective December 28, 2005, by
and between Pinnacle Data Systems, Inc. (“Borrower”), and KeyBank National Association, a national banking association (“Lender”). 
 BACKGROUND INFORMATION 
 A. On November 19, 2003, Lender made a loan to Borrower in the
principal amount of up to $5,000,000 (the “Loan”) pursuant to a Business Loan Agreement (Asset Based) (the “Original Loan Agreement”), as amended by an Amendment to Loan Agreement and Allonge to Promissory Note
dated the same date (the “First Amendment”). On May 12, 2004, Lender and Borrower entered into a Second Amendment to Loan Agreement (the “Second Amendment”). On August 9, 2005, Lender and Borrower entered
into a Third Amendment to Loan Agreement (the “Third Amendment”). The Original Loan Agreement, as amended by the First Amendment, Second Amendment, and Third Amendment, are sometimes referred to hereinafter, collectively, as the
“Loan Agreement”. The Loan is evidenced by a Promissory Note (the “Note”) dated December 28, 2004, in the original principal amount of $6,000,000, which principal amount was increased to $11,000,000 pursuant to
the Third Amendment. Borrower has also granted Lender a security interest in all of Borrower’s personal property pursuant to a Security Agreement dated the same date as the Original Loan Agreement (the “Security Agreement”).
The Loan Agreement, the Note, the Security Agreement, and any other agreements between Lender and Borrower relating to the Loan are sometimes referred to hereinafter, collectively, as the “Loan Documents” and, individually, as a
“Loan Document”. The terms defined in the Loan Agreement shall be used in this Amendment, and have the same meaning as defined in the Loan Agreement, unless a term is otherwise defined in this Amendment. To the extent that there are
any inconsistencies between the provisions of this Amendment and the provisions of the Loan Agreement, or any of the other Loan Documents, then the applicable provisions of this Amendment shall control and supercede the inconsistent provisions of
the Loan Agreement, or any of the other Loan Documents. 
 B. The Borrower and Lender desire to make certain amendments to the Loan Agreement
and the Note. Accordingly, Lender and Borrower have agreed to enter into this Amendment. 
 STATEMENT OF AGREEMENT 

The parties to this Amendment acknowledge the accuracy of the foregoing Background Information and for adequate consideration received, receipt of
which is hereby acknowledged, hereby agree as follows: 
 §1. Acknowledgement. Except as otherwise specifically set forth
in this Amendment, the Loan, and all other obligations of Borrower under the Loan Documents, shall remain as currently set forth in the Loan Agreement and the other Loan Documents and nothing in this Amendment shall alter, modify, limit, or impair
any of the rights, powers, or remedies that Lender may have under the Loan Agreement or any of the other Loan Documents. 
 §2.
Obligation to Repay Loan. Borrower acknowledges that as of the effective date of this Amendment the outstanding principal balance of the Loan is $9,106,600.53. Borrower hereby reaffirms its obligation to repay the Loan in full.

 §3. Compliance with Loan Documents. Borrower shall comply with all of the terms and provisions of the Loan Agreement
and the other Loan Documents, as modified by this Amendment. 

 §4. No Waiver of Rights. Except as expressly set forth herein, nothing contained in
this Amendment shall be deemed a waiver of any of the rights and remedies of Lender, at law or in equity, or under the Loan Agreement or the other Loan Document, or under any other agreement evidencing, securing, governing, or pertaining to any
obligations evidenced by such Loan Documents. 
 §5. Borrower Representations and Warranties. Borrower represents and
warrants to Lender that: (a) Borrower has the power and authority to execute and deliver this Amendment; (b) the officer executing this Amendment on behalf of Borrower has been duly authorized to execute and deliver the same and to bind
Borrower with respect to the provisions of this Amendment; (c) the execution by Borrower of this Amendment and the performance and observance by Borrower of the provisions hereof do not violate or conflict with the Articles of Incorporation or
Code of Regulations of Borrower or any law applicable to Borrower and will not result in the breach of any provision of or constitute a default under any agreement, instrument, or document binding upon or enforceable against Borrower; and
(d) this Amendment, the Loan Agreement, and the other Loan Documents constitute valid, legal, binding, and enforceable obligations of Borrower in every respect, subject to applicable bankruptcy, insolvency, reorganization, and other similar
laws affecting creditors’ rights generally, to general equitable principles, and to applicable doctrines of commercial reasonableness. 
 §6. Amendments to Loan Agreement. The Loan Agreement is hereby amended as follows: 
 (a) The Section of the Loan
Agreement titled “FINANCIAL COVENANTS”, which was added to the Loan Agreement pursuant to the First Amendment, and amended pursuant to the Second Amendment, is hereby amended by deleting the Subsection titled “Total Debt to
tangible Net Worth Ratio” and replacing it with the following: 
 Total Debt to Tangible Net Worth Ratio. Attain and maintain
a Total Debt to Tangible Net Worth Ratio of 3.00 to 1.00 or less, as of December 31, 2005, and as of March 31, 2006, to be tested on a rolling four quarters basis, and attain and maintain a Total Debt to Tangible Net Worth Ratio of 2.50 to
1.00 or less, as of June 30, 2006, and at the end of each fiscal quarter thereafter, to be tested on a rolling four quarters basis. “Total Debt” means all of Borrower’s liabilities including Subordinated Debt.
“Subordinated Debt” means indebtedness and other liabilities of Borrower which have been subordinated by written agreement to the Lender in form and substance acceptable to Lender. “Tangible Net Worth” means
Borrower’s total assets excluding all intangible assets (i.e., goodwill, trademarks, patents, copyrights, organizational expenses, and similar intangible items, but including leaseholds and leasehold improvements), less Total Debt. 

§7. Allonge. This Amendment shall be firmly affixed to and become an allonge to the Note. 
 §8. Fees and Expenses. Borrower hereby agrees to pay or reimburse to Lender all of its reasonable out-of-pocket expenses, including
reasonable attorney’s fees and expenses, and filing expenses actually incurred by Lender in connection with this Amendment. 
 §9. Effect of Modification. Except as expressly modified by this Amendment, all of the terms and conditions of the Loan Agreement, and all of the other Loan Documents, as they may have been previously modified in writing,
shall remain in full force and effect. 
 [Signatures on following page] 
  

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 LENDER: 
  

			
	KEYBANK NATIONAL ASSOCIATION
		
	By:	 	/s/ Cheryl A. Bullock
	Name:	 	Cherl A. Bullock
	Title:	 	Assistant Vice President

 “WARNING—BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT TRIAL. IF YOU DO NOT PAY
ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR RETURNED GOODS. FAULTY GOODS, FAILURE ON
HIS PART TO COMPLY WITH THE AGREEMENT, OR ANY OTHER CAUSE.” 
 BORROWER: 
  

			
	PINNACLE DATA SYSTEMS, INC.
		
	By:	 	/s/ Michael R. Sayre
		 	Michael R. Sayre,
		 	Executive Vice President

  

							
	The State of Ohio	  	}	  	SS.	  	Before me a notary public, in and for said County,
	The Country of Franklin	  	  	  
	personally appeared the above named officers,
	
	Michael R. Sayre,
                                        
                                    ,
                                        
                                    ,
	who acknowledge that they did sign the foregoing instrument, and that the same is the free act and deed of such corporation and of such officers.
	
	 In Testimony Whereof, I have hereunto set my hand and official seal at Columbus
 Ohio, this 29th day of December,
2005.

  

	
	
	/s/ Cheryl A. Bullock
	 Notary Public.

  

							
		
	[SEAL]	  	        CHERYL A. BULLOCK
	  	     Notary Public, State of Ohio
	  	My Commission Expires 10-01-06

  

 -3-

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