Document:

Deed of Trust

 Exhibit 10.05 
 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (TD72-10-06) (Mandatory 1-07) 
 IF THIS FORM IS USED IN A CONSUMER CREDIT TRANSACTION, CONSULT LEGAL COUNSEL. 
 THIS IS A LEGAL INSTRUMENT. IF NOT
UNDERSTOOD, LEGAL, TAX OR OTHER COUNSEL SHOULD BE CONSULTED BEFORE SIGNING. 
 DEED OF TRUST 
 (Due on Transfer – Strict) 
 THIS DEED OF TRUST is made this 19th day of January, 2007, between Buffalo Highlands, LLC, A Colorado Limited Liability Company, (Borrower), whose address is 222 Milwaukee Street, Suite
209, Denver, Colorado, 80206; and the Public Trustee of the County in which the Property (see paragraph 1) is situated (Trustee); for the benefit of Broncucia Investment, a Colorado General Partnership, (Lender), whose address is 544 Sundown
Lane, Denver, Colorado, 80221. 
 Borrower and Lender covenant and agree as follows: 
 1. Property in Trust. Borrower, in consideration of the indebtedness herein recited and the trust herein created, hereby grants and conveys to
Trustee in trust, with power of sale, the following described property located in the County of State of Colorado: 
 West  1/2 of Section 21, Township 2 South, Range 66 West of the
6th P.M., County of Adams, State of Colorado, EXCEPT that portion described in Deed recorded March 18, 1991 in
Book 3759 at Page 339 
 which has the address of: Vacant Land 
 together with all of its appurtenances (Property). 
 2. Note; Other Obligations Secured. This Deed of Trust is given to
secure to Lender: 
 A. the repayment of the indebtedness evidenced by Borrower’s note (Note) dated January 19, 2007, in the
principal sum of Two Million Five Hundred and Five Thousand Eight Hundred Seventy-Five and No/100s U.S. Dollars ($2,505,875.00), with interest on the unpaid principal balance from January 19, 2007, until paid, at the rate of Seven Percent
(7.0%) percent per annum, with principal and interest payable at: 
 544 Sundown Lane, Denver, Colorado, 80221, 
 or such other place as the Lender may designate, in Eleven (11) equal quarterly payments of Sixty-Seven Thousand Seven Hundred Ninety-Two and 34/100s U.S Dollars
(U.S. $67,792.34) and one (1) final payment of Two Million Two Hundred Fifty-Seven Thousand Sixty-Four and 59/100s U.S. Dollars ($2,257,064.59) due on the nineteenth (19th) day of each calendar quarter beginning April 19, 2007; such
payments to continue until the entire indebtedness evidenced by said Note is fully paid; however, if not sooner paid, the entire principal amount outstanding and accrued interest thereon, shall be due and payable on January 19, 2010;

 and Borrower is to pay to Lender a late charge of Five Percent (5%) of any payment not received by the Lender within ten (10) days after receipt
by Borrower from Lender of written notice that payment is due; and Borrower has the right to prepay the principal amount outstanding under said Note, in whole or in part, at any time without penalty except: NONE. 
 B. the payment of all other sums, with interest thereon at Eighteen Percent (18%) per annum, disbursed by Lender in accordance with this Deed of
Trust to protect the security of this Deed of Trust; and 
 C. the performance of the covenants and agreements of Borrower herein contained.

 3. Title. Borrower covenants that Borrower owns and has the right to grant and convey the Property, and warrants title to the same,
subject to general real estate taxes for the current year, easements of record or in existence, and recorded declarations, restrictions, reservations and covenants, if any, as of this date and except: NONE. 
 4. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced by the
Note, and late charges as provided in the Note and shall perform all of Borrower’s other covenants contained in the Note. 
 5.
Application of Payments. All payments received by Lender under the terms hereof shall be applied by Lender first in amounts disbursed by Lender pursuant to paragraph 9 (Protection of Lender’s Security), and the balance in accordance with
the terms and conditions of the Note. 
 6. Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of
Borrower’s obligations under any prior deed of trust and any other prior liens. Borrower shall pay all taxes, assessments and other charges, fines and impositions attributable to the Property which may have or attain a priority over this Deed
of Trust, and leasehold payments or ground rents, if any, by Borrower making payment when due, directly to the payee thereof. Despite the foregoing, Borrower shall not be required to make payments otherwise required by this paragraph if Borrower,
after notice to Lender, shall in good faith contest such obligation by, or defend enforcement of such obligation in, legal proceedings which operate to prevent the enforcement of the obligation or forfeiture of the Property or any part thereof, only
upon Borrower making all such contested payments and other payments as ordered by the court to the registry of the court in which such proceedings are filed. 
  

					
	No. TD72-10-06. DEED OF TRUST (Due on Transfer – Strict)	  	Page 1 of 6	  	 
		  		  	Initial

 7. Property Insurance. Borrower shall keep the improvements hereafter erected on the Property
insured against loss by fire or hazards included within the term “extended coverage” in an amount at least equal to the lesser of (a) the insurable value of the Property; or, (b) an amount sufficient to pay the sums secured by
this Deed of Trust as well as any prior encumbrances on the Property. All of the foregoing shall be known as “Property Insurance.” 
 The insurance carrier providing the insurance shall be qualified to write Property Insurance in Colorado and shall be chosen by Borrower subject to Lender’s right to reject the chosen carrier for reasonable cause. All insurance
policies and renewals thereof shall include a standard mortgage clause in favor of Lender, and shall provide that the insurance carrier shall notify Lender at least ten (10) days before cancellation, termination or any material change of
coverage. Insurance policies shall be furnished to Lender at or before closing. Lender shall have the right to hold the policies and renewals thereof. 
 In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. 
 Insurance proceeds shall be applied to restoration or repair of the Property damaged, provided such restoration or repair is economically feasible and
the security of this Deed of Trust is not thereby impaired. If such restoration or repair is not economically feasible or if the security of this Deed of Trust would be impaired, the insurance proceeds shall be applied to the sums secured by this
Deed of Trust, with the excess, if any, paid to Borrower. If the Property is abandoned by Borrower, or if Borrower fails to respond to Lender within 30 days from the date notice is given in accordance with paragraph 16 (Notice) by Lender to Borrower
that the insurance carrier offers to settle a claim for insurance benefits, Lender is authorized to collect and apply the insurance proceeds, at Lender’s option, either to restoration or repair of the Property or to the sums secured by this
Deed of Trust. 
 Any such application of proceeds to principal shall not extend or postpone the due date of the installments referred to in
paragraph 4 (Payment of Principal and Interest) or change the amount of such installments. Notwithstanding anything herein to the contrary, if under paragraph 18 (Acceleration; Foreclosure; Other Remedies) the Property is acquired by Lender, all
right, title and interest of Borrower in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale or acquisition shall pass to Lender to the extent of the sums secured by this Deed of
Trust immediately prior to such sale or acquisition. 
 All of the rights of Borrower and Lender hereunder with respect to insurance
carriers, insurance policies and insurance proceeds are subject to the rights of any holder of a prior deed of trust with respect to said insurance carriers, policies and proceeds. 
 8. Preservation and Maintenance of Property. Borrower shall keep the Property in good repair and shall not commit waste or permit impairment or
deterioration of the Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. Borrower shall perform all of Borrower’s obligations under any declarations, covenants, by-laws, rules, or other documents
governing the use, ownership or occupancy of the Property. 
 9. Protection of Lender’s Security. Except when Borrower has
exercised Borrower’s rights under paragraph 6 above, if the Borrower fails to perform the covenants and agreements contained in this Deed of Trust, or if a default occurs in a prior lien, or if any action or proceeding is commenced which
materially affects Lender’s interest in the Property, then Lender, at Lender’s option, with notice to Borrower if required by law, may make such appearances, disburse such sums and take such action as is necessary to protect Lender’s
interest, including, but not limited to: 
  

	 	(a)	any general or special taxes or ditch or water assessments levied or accruing against the Property; 

  

	 	(b)	the premiums on any insurance necessary to protect any improvements comprising a part of the Property; 

  

	 	(c)	sums due on any prior lien or encumbrance on the Property; 

  

	 	(d)	if the Property is a leasehold or is subject to a lease, all sums due under such lease; 

  

	 	(e)	the reasonable costs and expenses of defending, protecting, and maintaining the Property and Lender’s interest in the Property, including repair and maintenance costs and
expenses, costs and expenses of protecting and securing the Property, receiver’s fees and expenses, inspection fees, appraisal fees, court costs, attorney fees and costs, and fees and costs of an attorney in the employment of the Lender or
holder of the certificate of purchase; 

  

	 	(f)	all other costs and expenses allowable by the evidence of debt or this Deed of Trust, and 

  

	 	(g)	such other costs and expenses which may be authorized by a court of competent jurisdiction. 

 Borrower hereby assigns to Lender any right Borrower may have by reason of any prior encumbrance on the Property or by law or otherwise to cure any
default under said prior encumbrance. 
 Any amounts disbursed by Lender pursuant to this paragraph 9, with interest thereon, shall become
additional indebtedness of Borrower secured by this Deed of Trust. Such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and Lender may bring suit to collect any amounts so disbursed plus interest specified in
paragraph 2B (Note; Other Obligations Secured). Nothing contained in this paragraph 9 shall require Lender to incur any expense or take any action hereunder. 
 10. Inspection. Lender may make or cause to be made reasonable entries upon and inspection of the Property, provided that Lender shall give Borrower notice prior to any such inspection specifying reasonable
cause therefor related to Lender’s interest in the Property. 
 11. Condemnation. The proceeds of any award or claim for damages,
direct or consequential, in connection with any condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender as herein provided. However, all of the rights
of Borrower and Lender hereunder with respect to such proceeds are subject to the rights of any holder of a prior deed of trust. 
  

					
	No. TD72-10-06. DEED OF TRUST (Due on Transfer – Strict)	  	Page 2 of 6	  	 
		  		  	Initial

 In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this
Deed of Trust, with the excess, if any, paid to Borrower. In the event of a partial taking of the Property, the proceeds remaining after taking out any part of the award due any prior lien holder (net award) shall be divided between Lender and
Borrower, in the same ratio as the amount of the sums secured by this Deed of Trust immediately prior to the date of taking bears to Borrower’s equity in the Property immediately prior to the date of taking. Borrower’s equity in the
Property means the fair market value of the Property less the amount of sums secured by both this Deed of Trust and all prior liens (except taxes) that are to receive any of the award, all at the value immediately prior to the date of taking.

 If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a
claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is given, Lender is authorized to collect and apply the proceeds, at Lender’s option, either to restoration or repair of the Property or to the
sums secured by this Deed of Trust. 
 Any such application of proceeds to principal shall not extend or postpone the due date of the
installments referred to in paragraph 4 (Payment of Principal and Interest) nor change the amount of such installments. 
 12. Borrower
Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of
the original Borrower, nor Borrower’s successors in interest, from the original terms of this Deed of Trust. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise modify
amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower nor Borrower’s successors in interest. 
 13. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by law, shall not be a waiver or preclude the exercise of any such right or
remedy. 
 14. Remedies Cumulative. Each remedy provided in the Note and this Deed of Trust is distinct from and cumulative to all
other rights or remedies under the Note and this Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively. 
 15. Successors and Assigns Bound; Joint and Several Liability; Captions. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective successors and assigns
of Lender and Borrower, subject to the provisions of paragraph 24 (Transfer of the Property; Assumption). All covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs in this Deed of Trust are for
convenience only and are not to be used to interpret or define the provisions hereof. 
 16. Notice. Except for any notice required by
law to be given in another manner, (a) any notice to Borrower provided for in this Deed of Trust shall be in writing and shall be given and be effective upon (1) delivery to Borrower or (2) mailing such notice by first-class U.S.
mail, addressed to Borrower at Borrower’s address stated herein or at such other address as Borrower may designate by notice to Lender as provided herein, and (b) any notice to Lender shall be in writing and shall be given and be effective
upon (1) delivery to Lender or (2) mailing such notice by first-class U.S. mail, to Lender’s address stated herein or to such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in
this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in any manner designated herein. 
 17. Governing
Law; Severability. The Note and this Deed of Trust shall be governed by the law of Colorado. In the event that any provision or clause of this Deed of Trust or the Note conflicts with the law, such conflict shall not affect other provisions of
this Deed of Trust or the Note which can be given effect without the conflicting provision, and to this end the provisions of the Deed of Trust and Note are declared to be severable. 
 18. Acceleration; Foreclosure; Other Remedies. Except as provided in paragraph 24 (Transfer of the Property; Assumption), upon Borrower’s
breach of any covenant or agreement of Borrower in this Deed of Trust, or upon any default in a prior lien upon the Property, (unless Borrower has exercised Borrower’s rights under paragraph 6 above) Lender shall give Borrower written notice of
such breach, whereupon Borrower shall have thirty (30) days following receipt of Lender’s notice during which to cure. If Borrower has not cured such breach by the end of the applicable cure period, then, at Lender’s option, all of
the sums secured by this Deed of Trust shall be immediately due and payable (Acceleration). To exercise this option, Lender may invoke the power of sale and any other remedies permitted by law. Lender shall be entitled to collect all reasonable
costs and expenses incurred in pursuing the remedies provided in this Deed of Trust, including, but not limited to, reasonable attorney’s fees. 
 If Lender invokes the power of sale, Lender shall give written notice to Trustee of such election. Trustee shall give such notice to Borrower of Borrower’s rights as is provided by law. Trustee shall record a
copy of such notice as required by law. Trustee shall advertise the time and place of the sale of the Property, for not less than four weeks in a newspaper of general circulation in each county in which the Property is situated, and shall mail
copies of such notice of sale to Borrower and other persons as prescribed by law. After the lapse of such time as may be required by law, Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder for cash
at the time and place (which may be on the Property or any part thereof as permitted by law) in one or more parcels as Trustee may think best and in such order as Trustee may determine. Lender or Lender’s designee may purchase the Property at
any sale. It shall not be obligatory upon the purchaser at any such sale to see to the application of the purchase money. 
  

					
	No. TD72-10-06. DEED OF TRUST (Due on Transfer – Strict)	  	Page 3 of 6	  	 
		  		  	Initial

 Trustee shall apply the proceeds of the sale in the following order: (a) to all reasonable costs and
expenses of the sale, including, but not limited to, reasonable Trustee’s and attorney’s fees and costs of title evidence; (b) to all sums secured by this Deed of Trust; and (c) the excess, if any, to the person or persons
legally entitled thereto. 
 19. Borrower’s Right to Cure Default. Whenever foreclosure is commenced for nonpayment of any sums
due hereunder, the owners of the Property or parties liable hereon shall be entitled to cure said defaults by paying all delinquent principal and interest payments due as of the date of cure, costs, expenses, late charges, attorney’s fees and
other fees all in the manner provided by law. Upon such payment, this Deed of Trust and the obligations secured hereby shall remain in full force and effect as though no Acceleration had occurred, and the foreclosure proceedings shall be
discontinued. 
 20. Assignment of Rents; Appointment of Receiver; Lender in Possession. As additional security hereunder, Borrower
hereby assigns to Lender the rents of the Property; however, Borrower shall, prior to Acceleration under paragraph 18 (Acceleration; Foreclosure; Other Remedies) or abandonment of the Property, have the right to collect and retain such rents as they
become due and payable. 
 Lender or the holder of the Trustee’s certificate of purchase shall be entitled to a receiver for the
Property after Acceleration under paragraph 18 (Acceleration; Foreclosure; Other Remedies), and shall also be so entitled during the time covered by foreclosure proceedings and the period of redemption, if any; and shall be entitled thereto as a
matter of right without regard to the solvency or insolvency of Borrower or of the then owner of the Property, and without regard to the value thereof. Such receiver may be appointed by any Court of competent jurisdiction upon ex parte application
and without notice — notice being hereby expressly waived. 
 Upon Acceleration under paragraph 18 (Acceleration; Foreclosure; Other
Remedies) or abandonment of the Property, Lender, in person, by agent or by judicially-appointed receiver, shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due.
All rents collected by Lender or the receiver shall be applied, first, to payment of the costs of preservation and management of the Property, second, to payments due upon prior liens, and then to the sums secured by this Deed of Trust. Lender and
the receiver shall be liable to account only for those rents actually received. 
 21. Release. Upon payment of all sums secured by
this Deed of Trust, Lender shall cause Trustee to release this Deed of Trust and shall produce for Trustee the Note. Borrower shall pay all costs of recordation and shall pay the statutory Trustee’s fees. If Lender shall not produce the Note as
aforesaid, then Lender, upon notice in accordance with paragraph 16 (Notice) from Borrower to Lender, shall obtain, at Lender’s expense, and file any lost instrument bond required by Trustee or pay the cost thereof to effect the release of this
Deed of Trust. 
 22. Waiver of Exemptions. Borrower hereby waives all right of homestead and any other exemption in the Property
under state or federal law presently existing or hereafter enacted. 
 23. Intentionally Deleted. 
 24. Transfer of the Property; Assumption. The following events shall be referred to herein as a “Transfer”: (i) a transfer or
conveyance of title (or any portion thereof, legal or equitable) of the Property (or any part thereof or interest therein), (ii) or an agreement granting a possessory right in the Property (or any portion thereof), in excess of three
(3) years, (iv) a sale or transfer of, or the execution of a contract or agreement creating a right to acquire or receive, more than fifty percent (50%) of the controlling interest or more than fifty percent (50%) of the
beneficial interest in the Borrower, (v) the liquidation or dissolution of the Borrower. Not to be included as a Transfer are (i) the creation of a lien or encumbrance subordinate to this Deed of Trust, (ii) the creation of a purchase
money security interest for household appliances, (iii) a transfer by devise, descent or by operation of the law upon the death of a joint tenant, or (iv) execution of a contract or agreement creating a right to title (or any portion
thereof, legal or equitable) in the Property (or any part thereof or interest therein. At the election of Lender, in the event of each and every transfer: 
 (a) All sums secured by this Deed of Trust shall become immediately due and payable (Acceleration). 
 (b) If
a Transfer occurs and should Lender not exercise Lender’s option pursuant to this paragraph 24 to Accelerate, Transferee shall be deemed to have assumed all of the obligations of Borrower under this Deed of Trust including all sums secured
hereby whether or not the instrument evidencing such conveyance, contract or grant expressly so provides. This covenant shall run with the Property and remain in full force and effect until said sums are paid in full. The Lender may without notice
to the Borrower deal with Transferee in the same manner as with the Borrower with reference to said sums including the payment or credit to Transferee of undisbursed reserve Funds on payment in full of said sums, without in any way altering or
discharging the Borrower’s liability hereunder for the obligations hereby secured. 
 (c) Should Lender not elect to Accelerate upon the
occurrence of such Transfer then, subject to (b) above, the mere fact of a lapse of time or the acceptance of payment subsequent to any of such events, whether or not Lender had actual or constructive notice of such Transfer, shall not be
deemed a waiver of Lender’s right to make such election nor shall Lender be estopped therefrom by virtue thereof. The issuance on behalf of the Lender of a routine statement showing the status of the loan, whether or not Lender had actual or
constructive notice of such Transfer, shall not be a waiver or estoppel of Lender’s said rights. 
 25. Borrower’s Copy.
Borrower acknowledges receipt of a copy of the Note and this Deed of Trust. 
 26. Partial Release. Notwithstanding anything in this
Deed of Trust to the contrary and provided that Borrower is not in default under this Deed of Trust, Borrower shall be entitled to a release from this Deed of Trust, with no payment of principal or interest under the Note, of an approximately 60
acre portion of the Property, described as “Parcel K” in that certain Agreement recorded on May 3, 2005 as Reception No. 20050503000462820 between Borrower and the City of Commerce City, provided that Borrower shall prepare, at
Borrower’s sole cost and expense, a request for partial release and release of this Deed of Trust, which request for partial release and release shall contain a legal description of that portion of the Property to be released. 
  

					
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		  		  	Initial

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		  		  	Initial

 EXECUTED BY BORROWER. 
 BUFFALO HIGHLANDS, LLC, A COLORADO LIMITED LIABILITY COMPANY: 
 By: Hastings Holding Corporation, a Colorado corporation, Manager

  

			
		
	By:	 	  

		 	William Klaess, Vice President

 By: Eagle Development Company, a Colorado corporation, Manager 
  

			
		
	By:	 	  

		 	Paul M. Joeckel, President

  

							
	STATE OF COLORADO	 	)	 	 	  	 
		 		 	)	  	ss.
	COUNTY OF                         	 	)	 		  	

 The foregoing instrument was acknowledged before me this      day of
            , 2007, by William Klaess, Vice President of Hastings Holdings Corporation, a Colorado corporation, Manager of Buffalo Highlands, LLC, a Colorado limited liability
company. 
 Witness my hand and official seal. 

			
		 	  

		 	Notary Public

			
		
	My commission expires:	 	  

  

							
	STATE OF COLORADO	 	)	 	 	  	 
		 		 	)	  	ss.
	COUNTY OF                         	 	)	 		  	

 The foregoing instrument was acknowledged before me this      day of
            , 2007, by Paul M. Joeckel, President of Hastings Holdings Corporation, a Colorado corporation, Manager of Buffalo Highlands, LLC, a Colorado limited liability company.

 Witness my hand and official seal. 
  

							
			
		 		 	  

		 		 	Notary Public

			
		
	My commission expires:	 	  

  

					
	No. TD72-10-06. DEED OF TRUST (Due on Transfer – Strict)	  	Page 6 of 6	  	 
		  		  	InitialEXHIBIT 4.01

 EXHIBIT 4.01 
 AEGON USA COMPANIES 
 EMPLOYEE STOCK OPTION PLAN 2007 
 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 2007; 

  

	 	(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 12, 2007, 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 12, 2007, or prior thereto and as set forth in Schedule A;

  

	 	(h)	“Eligibility Date”: shall mean March 12, 2007; 

  

	 	(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 12, 2010); and 

  

	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.

  

	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. 

  

 8 

	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 are 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 be exercisable only 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, 2014. The Participant must properly submit a
request to exercise the Option by 3:00 p.m., Central Time on March 11, 2014. 

  

	5.	EXERCISE 

  

	 	5.1	An Option granted to a Participant under Section 4.1 may be exercised only 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 only 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. 

  

	 	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 also is 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. 

  

	 	5.10	AEGON, in its sole discretion, may amend the process of exercising Options under the Plan. 

  

 9 

	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 percent 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
AEGON USA 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 as part of the exercise of the Options 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. 

  

	 	7.3	Without limiting the generality of an AEGON USA 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 AEGON USA 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 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, individually and collectively referred to as a “Blackout Period.” 

  

 10 

	 	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 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 and before the Option expires, 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 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. 

  

 11 

	 	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 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 due only 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 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, 2014, 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. 

  

 12 

	 	8.14	While the Plan shall be legally enforceable, it shall not be deemed to constitute a contract of employment between Participants and 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. 

  

 13 

 SCHEDULE A 
 AEGON Direct Marketing Services, Inc. 
 AEGON USA Realty Advisors, Inc. 
 Life Investors Insurance Company of America 
 Monumental Life Insurance Company 
 Premier Solutions Group, Inc. 
 Stonebridge Life Insurance Company

 Transamerica Capital, Inc. 
 Transamerica Financial Life
Insurance Company 
 Transamerica Investment Services, Inc. (excluding employees who are Members of Transamerica Investment Management, LLC) 
 Transamerica Life Insurance Company 
 Transamerica Occidental Life Insurance
Company 
 Western Reserve Life Assurance Co. of Ohio 
 World
Financial Group, Inc. 
  

 14

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