Document:

EXHIBIT 4.01

 EXHIBIT 4.01 
 AEGON USA COMPANIES 
 MANAGEMENT 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 Management 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 N.V. 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, subject to Section 4.1, 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 have received an offer
in writing to participate in the Plan. In order to receive an offer in writing from an AEGON USA Company to participate in the Plan, the Company must employ the employee on the Eligibility Date (“hereinafter referred to as “Eligible
Employee”). A Participant in this Plan shall not participate in the AEGON USA Companies Employee Stock Option Plan 2006. 
  

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	3.	PARTICIPATION 

 Each Participant shall
receive an Option for the number of shares set forth in his or her individual written offer. 
  

	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;” provided, however, subject to Section 6 of the Plan, vesting of the grant after 3 years (in 2009) is
conditional, based on the following Performance Indicator: the “value of new business” of AEGON shall have increased an average increase of three percent per year or more over the three-year period 2006, 2007 and 2008. AEGON, in its sole
discretion, shall calculate the “value of new business,” and AEGON’s calculation is both conclusive and final. 

  

	 	4.2	The Option shall only be exercisable as directed by the Company in increments of 250 Shares. If the Participant has an Option for a number of Shares not divisible by 250, the
Participant must exercise all remaining number of Shares. 

  

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

  

	5.	EXERCISE 

  

	 	5.1	An Option granted to a Participant under the Plan 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 end of the Vesting Date in order to exercise any rights, including the right to exercise
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, either in whole or in part, under procedures
established by the Company. 

  

	 	5.3	The Option shall only be exercisable in whole or in part 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 in whole or in part 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. The Participant shall receive 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 

  

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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 in whole or in part 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 the 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 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	Notwithstanding the provisions of Section 4.1 of the Plan, 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 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. 

 

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	 	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 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 otherwise in a manner prohibited by applicable law. 

  

	 	7.4	The exercise of 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.

  

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	 	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, 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 as set forth in the Plan, the Participant shall forfeit any and all
rights to any Options granted under this Plan. 

  

	 	8.6	 Subject to the “value of new business” limitation set forth in Section 4.1 of the Plan, 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 (except as set forth in section 7.8), 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 

  

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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	Subject to the “value of new business” limitation in Section 4.1 of the Plan, 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 Option for all remaining Shares 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 Option 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	Subject to the “value of new business” limitation in Section 4.1 of the Plan, 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) on or after the Vesting Date, 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	The Option for any Shares that the Participant does not exercise shall lapse and become null and void, without any right to compensation, at the close of AEGON business on the
Expiration Date, or such earlier period as set forth in the Plan. 

  

	 	8.10	Neither AEGON nor any International Company or their affiliates 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 8.14, 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. 

  

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	 	8.12	This Option Plan is governed by Dutch Civil Law. 

  

	 	8.13	AEGON or its designee 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. 

  

	 	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. 
  

 152006 Stock Plan

 Exhibit 4.1 
 BAD TOYS HOLDINGS, INC. 2006 STOCK PLAN 
 SECTION 1. INTRODUCTION 
 1.1 Establishment. Bad Toys Holdings, Inc., a Nevada corporation (the “Company”), hereby establishes this plan of stock-based
compensation incentives for selected Eligible Participants of the Company and its affiliated corporations. This Plan shall be known as the Bad Toys Holdings, Inc. 2006 Stock Plan (the “Plan”). 
 1.2 Purpose. The purpose of this Plan is to promote the best interests of the Company, and its stockholders by providing a means of non-cash remuneration
to selected Eligible Participants who contribute most to the operating progress and earning power of the Company and/or to provide incentives to employees and directors by offering them an opportunity to acquire a proprietary interest in the
Company. 
 SECTION 2. DEFINITIONS 
 The following definitions shall be applicable to the terms used in this Plan: 
 2.1 “Affiliated
Corporation” means any corporation that is either a parent corporation with respect to the Company or a subsidiary corporation with respect to the Company (within the meaning of Sections 424(e) and (f), respectively, of the Internal Revenue
Code). 
 2.2 “Code” means the Internal Revenue Code of 1986, as it may be amended from time to time. 
 2.3 “Committee” means a committee designated by the Board of Directors to administer this Plan or, if no committee is so designated, the Board
of Directors. Any Committee member who is also an Eligible Participant may receive an Option or Stock Award only if he abstains from voting in favor of a grant to himself, and the grant is determined and approved by the remaining Committee members.
The Board of Directors, in its sole discretion, may at any time remove any member of the Committee and appoint another Director to fill any vacancy on the Committee. 
 2.4 “Common Stock” means the Company’s $0.001 par value common stock. 
 2.5
“Company” means Bad Toys Holdings, Inc., a Nevada corporation. 
 2.6 “Effective Date” means the effective date of this
Plan, as set forth in Section 17 hereof. 
 2.7 “Eligible Participant” means any employee, director, officer, consultant, or
advisor of the Company who is determined (in accordance with the provisions of Section 4 hereof) to be eligible to receive an Option or Stock Award hereunder. 
 2.8 “Option” means the grant to an Eligible Participant of a right to acquire shares of Common Stock. 
 2.9 “Plan” means this October 25, 2006 Bad Toys Holdings, Inc. 2006 Stock Plan. 
 2.10 “Stock Award” means the
grant to an Eligible Participant of shares of Common Stock issuable directly under this Plan rather than upon exercise of an Option. 
 Wherever appropriate, words used in this Plan in the singular may mean the plural, the plural may mean the singular, and the masculine may mean the feminine. 
 SECTION 3. ADOPTION AND ADMINISTRATION OF THIS PLAN 
 Upon adoption by the Company’s Board of Directors, this Plan became effective as of October 25, 2006. In the absence of contrary action by the Board of Directors, and except for action taken by the Committee
pursuant to Section 4 in connection with the determination of Eligible Participants, any action taken by the Committee or by the Board of Directors with respect to the implementation, interpretation or administration of this Plan shall be
final, conclusive and binding. 

 SECTION 4. ELIGIBILITY AND AWARDS 
 The Committee shall determine at any time and from time to time after the Effective Date of this Plan: (i) the Eligible Participants, as same shall
be determined in accordance with the requirements of Form S-8 and the Securities Act of 1933, as amended; (ii) the number of shares of Common Stock issuable directly or to be granted pursuant to an Option; (iii) the price per share at
which each Option may be exercised, in cash or cancellation of fees for services for which the Company is liable, if applicable, or the value per share if a direct issue of stock pursuant to a Stock Award; and (iv) the terms on which each
Option or Stock Award may be granted. Such determination may, from time to time, be amended or altered at the sole discretion of the Committee. Notwithstanding the provisions of Section 3 hereof, no such determination by the Committee shall be
final, conclusive and binding upon the Company unless and until the Board of Directors has approved the same; provided, however, that if the Committee is composed of a majority of the persons then comprising the Board of Directors of the Company,
such approval by the Board of Directors shall not be necessary. 
 SECTION 5. GRANT OF OPTION OR STOCK AWARD

 Subject to the terms and provisions of this Plan, the terms and conditions under which an Option or Stock Award may be granted to an
Eligible Participant shall be set forth in a written agreement (i.e., a Consulting Agreement, Services Agreement, Fee Agreement, or Employment Agreement) or, if an Option, a written Grant of Option in the form attached hereto as Exhibit A
(which may contain such modifications thereto and such other provisions as the Committee, in its sole discretion, may determine). 
 SECTION 6. TOTAL NUMBER OF SHARES OF COMMON STOCK 
 The total number of shares of Common Stock reserved for issuance by the
Company either directly as Stock Awards or underlying Options granted under this Plan shall not be more than 2,500,000. The total number of shares of Common Stock reserved for such issuance may be increased only by a resolution adopted by the Board
of Directors and amendment of this Plan. Such Common Stock may be authorized and unissued or reacquired Common Stock of the Company. 
 SECTION 7. PURCHASE OF SHARES OF COMMON STOCK 
 7.1 As soon as practicable after the determination by
the Committee and approval by the Board of Directors (if necessary, pursuant to Section 4 hereof) of the Eligible Participants and the number of shares an Eligible Participant may be issued directly as a Stock Award or eligible to purchase
pursuant to an Option, the Committee shall give written notice thereof to each Eligible Participant, which notice may be accompanied by the Grant of Option, if appropriate, to be executed by such Eligible Participant. 
 7.2 The negotiated cost basis of stock issued directly as a Stock Award or the exercise price for each Option to purchase shares of Common Stock pursuant
to paragraph 7.1 shall be as determined by the Committee, it being understood that the price so determined by the Committee may vary from one Eligible Participant to another. In computing the negotiated direct issue price as a Stock Award or the
Option exercise price per share of Common Stock, the Committee shall take into consideration, among other factors, the restrictions set forth in Section 11 hereof. 
 SECTION 8. TERMS AND CONDITIONS OF OPTIONS 
 The Committee shall determine the terms and conditions of each Option granted to Eligible Participants, which terms shall be set forth in writing. The terms and conditions so set by the Committee may vary from one
Eligible Participant to another. 
 SECTION 9. DELIVERY OF SHARES OF COMMON STOCK UPON EXERCISE OF OPTION 

The Company shall deliver to each Eligible Participant such number of shares of Common Stock as such Eligible Participant is entitled to receive
pursuant to a Stock Award or elects to purchase upon 

 exercise of the Option. Such shares, which shall be fully paid and nonassessable upon the issuance thereof shall be
represented by a certificate or certificates registered in the name of the Eligible Participant and stamped with an appropriate legend referring to the restrictions thereon, if any. Subject to the terms and provisions of the Nevada General
Corporation Law and the written agreement to which he is a party, an Eligible Participant shall have all the rights of a stockholder with respect to such shares, including the right to vote the shares and to receive all dividends or other
distributions paid or made with respect thereto, provided that such shares shall be subject to the restrictions hereinafter set forth. In the event of a merger or consolidation to which the Company is a party, or of any other acquisition of a
majority of the issued and outstanding shares of Common Stock of the Company involving an exchange or a substitution of stock of an acquiring corporation for Common Stock of the Company, or of any transfer of all or substantially all of the assets
of the Company in exchange for stock of an acquiring corporation, a determination as to whether the stock of the acquiring corporation so received shall be subject to the restrictions set forth in Section 11 shall be made solely by the
acquiring corporation. 
 SECTION 10. RIGHTS OF EMPLOYEES; ELIGIBLE PARTICIPANTS 
 10.1 Employment. Nothing contained in this Plan or in any Option or Stock Award granted under this Plan shall confer upon any Eligible Participant any
right with respect to the continuation of his or her employment by the Company or any Affiliated Corporation, or interfere in any way with the right of the Company or any Affiliated Corporation, subject to the terms of any separate employment
agreement to the contrary, at any time to terminate such employment or to increase or decrease the compensation of the Eligible Participant from the rate in existence at the time of the grant of an Option or Stock Award. Whether an authorized leave
of absence, or absence in military or government service, shall constitute termination of employment shall be determined by the Committee at the time. 
 10.2 Non-transferability. No right or interest of any Eligible Participant in an Option or Stock Award shall be assignable or transferable during the lifetime of the Eligible Participant, either voluntarily or
involuntarily, or subjected to any lien, directly or indirectly, by operation of law, or otherwise, including execution, levy, garnishment, attachment, pledge or bankruptcy. However, the Board of Directors may, in its sole discretion, permit
transfers to family members if and to the extent such transfers are permissible under applicable securities laws. In the event of an Eligible Participant’s death, an Eligible Participant’s rights and interest in an Option or Stock Award
shall be transferable by testamentary will or the laws of descent and distribution, and delivery of any shares of Common Stock due under this Plan shall be made to, and exercise of any Options may be made by, the Eligible Participant’s legal
representatives, heirs or legatees. If in the opinion of the Committee a person entitled to payments or to exercise rights with respect to this Plan is unable to care for his or her affairs because of mental condition, physical condition, or age,
payment due such person may be made to, and such rights shall be exercised by, such person’s guardian, conservator or other legal personal representative upon furnishing the Committee with evidence satisfactory to the Committee of such status.

 SECTION 11. GENERAL RESTRICTIONS 
 11.1 Investment Representations. The Company may require any person to whom an Option or Stock Award is granted, as a condition of exercising such Option, or receiving such Stock Award, to give written assurances in
substance and form satisfactory to the Company and its counsel to the effect that such person is acquiring the Common Stock subject to the Option or Stock Award for his or her own account for investment and not with any present intention of selling
or otherwise distributing the same, and to such other effects as the Company deems necessary or appropriate in order to comply with federal and applicable state securities laws. 
 11.2 Restrictions on Transfer of Common Stock. The shares of Common Stock issuable directly as a Stock Award or upon exercise of an Option may not be
offered for sale, sold or otherwise transferred except pursuant to an effective registration statement or pursuant to an exemption from registration, the availability of which is to be established to the satisfaction of the Company, and any
certificates representing shares of Common Stock will bear a legend to that effect. However, the Company may, in the sole discretion of the Board of Directors, register with the Securities and Exchange Commission some or all of the shares of Common
Stock reserved for issuance under this Plan. Special resale restrictions may, 

 however, continue to apply to officers, directors, control shareholders and affiliates of the Company and such persons
will be required to obtain an opinion of counsel as regards their ability to resell shares received pursuant to this Plan. 
 11.3 Compliance
with Securities Laws. Each Option or Stock Award shall be subject to the requirement that if at any time counsel to the Company shall determine that the listing, registration or qualification of the shares of Common Stock subject to such Option or
Stock Award upon any securities exchange or under any state or federal law, or the consent or approval of any governmental or regulatory body, is necessary as a condition of, or in connection with, the issuance or purchase of shares thereunder, such
Option or Stock Award may not be accepted or exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained on conditions acceptable to the Committee. Nothing herein shall be
deemed to require the Company to apply for or to obtain such listing, registration or qualification. 
 11.4 Changes in Accounting Rules.
Notwithstanding any other provision of this Plan to the contrary, if, during the term of this Plan, any changes in the financial or tax accounting rules applicable to Options or Stock Awards shall occur that, in the sole judgment of the Committee,
may have a material adverse effect on the reported earnings, assets or liabilities of the Company, the Committee shall have the right and power to modify as necessary, or cancel, any then outstanding and unexercised Options. 
 SECTION 12. COMPLIANCE WITH TAX REQUIREMENTS 
 Each Eligible Participant shall be liable for payment of all applicable federal, state and local income taxes incurred as a result of the receipt of a Stock Award or an Option, the exercise of an Option, and the sale
of any shares of Common Stock received pursuant to a Stock Award or upon exercise of an Option. The Company may be required, pursuant to applicable tax regulations, to withhold taxes for an Eligible Participant, in which case the Company’s
obligations to deliver shares of Common Stock upon the exercise of any Option granted under this Plan or pursuant to any Stock Award, shall be subject to the Eligible Participant’s satisfaction of all applicable federal, state and local income
and other income tax withholding requirements. 
 SECTION 13. PLAN BINDING UPON ASSIGNS OR TRANSFEREES 
 In the event that, at any time or from time to time, any Option or Stock Award is assigned or transferred to any party (other than the Company) pursuant
to the provisions of Section 10.2 hereof, such party shall take such Option or Stock Award pursuant to all provisions and conditions of this Plan, and, as a condition precedent to the transfer of such interest, such party shall agree (for and
on behalf of himself or itself, his or its legal representatives and his or its transferees and assigns) in writing to be bound by all provisions of this Plan. 
 SECTION 14. COSTS AND EXPENSES 
 All costs and expenses with respect to the adoption, implementation, interpretation and administration of this Plan shall be borne by the Company. 
 SECTION 15. CHANGES IN CAPITAL STRUCTURE OF THE COMPANY 
 Appropriate adjustments shall be made to the number of shares of Common Stock issuable pursuant to an incomplete or pending Stock Award that has not yet
been delivered or upon exercise of any Options and the exercise price thereof in the event of: (i) a subdivision or combination of any of the shares of capital stock of the Company; (ii) a dividend payable in shares of capital stock of the
Company; (iii) a reclassification of any shares of capital stock of the Company; or (iv) any other change in the capital structure of the Company. 
 SECTION 16. PLAN AMENDMENT, MODIFICATION AND TERMINATION 
 The Board of Directors, upon recommendation of the Committee or at its own initiative, at any time may terminate and at any time and from time to time and
in any respect, may amend or modify this Plan, including: 
 (a) Increase the total amount of Common Stock that may be awarded
under this Plan, except as provided in Section 15 of this Plan; 

 (b) Change the classes of persons from which Eligible Participants may be selected or
materially modify the requirements as to eligibility for participation in this Plan; 
 (c) Increase the benefits accruing to
Eligible Participants; or 
 (d) Extend the duration of this Plan. 
 Any Option or other Stock Award granted to an Eligible Participant prior to the date this Plan is amended, modified or terminated will remain in effect
according to its terms unless otherwise agreed upon by the Eligible Participant; provided, however, that this sentence shall not impair the right of the Committee to take whatever action it deems appropriate under Section 11 or Section 15.
The termination or any modification or amendment of this Plan shall not, without the consent of a Eligible Participant, affect his rights under an Option or other Stock Award previously granted to him. 
 SECTION 17. EFFECTIVE DATE OF THIS PLAN 
 17.1 Effective Date. This Plan is effective as of October 25, 2006, the date it was adopted by the Board of Directors of the Company. 
 17.2 Duration of this Plan. This Plan shall terminate at midnight on October 24, 2011, which is the day before the 5th anniversary of the Effective Date, and may be extended thereafter or terminated prior thereto by
action of the Board of Directors; and no Option or Stock Award shall be granted after such termination. Options and Stock Awards outstanding at the time of this Plan termination may continue to be exercised, or become free of restrictions, in
accordance with their terms. 
 SECTION 18. BURDEN AND BENEFIT 
 The terms and provisions of this Plan shall be binding upon, and shall inure to the benefit of, each Eligible Participant, his executives or
administrators, heirs, and personal and legal representatives. 
 Dated as of the 25th day of October 2006. 
  

			
	Bad Toys Holdings, Inc.
		
	By:	 	 /s/ Larry N. Lunan

		 	 Larry N. Lunan, President and Chief
 Executive
Officer

 EXHIBIT A 
 FORM OF GRANT OF OPTION 
 PURSUANT TO THE BAD TOYS HOLDINGS, INC. STOCK PLAN 
 Bad Toys Holdings, Inc., a Nevada corporation (the “Company”), hereby grants to
                         (“Optionee”) an Option to purchase
             shares of common stock, $.0.001 par value (the “Shares”) of the Company at the purchase price of
$             per share (the “Purchase Price”), in accordance with and subject to the terms and conditions of the Bad Toys Holdings, Inc. 2006 Stock Plan
(the “Plan”). This option is exercisable in whole or in part, and upon payment in cash or cancellation of fees, or other form of payment acceptable to the Company, to the principal office of the Company. This Grant of Option
supersedes and replaces any prior notice of option grant, description of vesting terms or similar documents previously delivered to Optionee for options granted on the date stated below. 
 Unless otherwise set forth in a separate written agreement, in the event that Optionee’s employee or consultant status with the Company or any of
its subsidiaries ceases or terminates for any reason whatsoever, including, but not limited to, death, disability, or voluntary or involuntary cessation or termination, this Grant of Option shall terminate with respect to any portion of this Grant
of Option that has not vested prior to the date of cessation or termination of employee or consultant status, as determined in the sole discretion of the Company. In the event of termination for cause (as that term is defined in the applicable
consulting employment or fee agreement), this Grant of Option shall immediately terminate in full with respect to any un-exercised options, and any vested but un-exercised options shall immediately expire and may not be exercised. Unless otherwise
set forth in a separate written agreement, vested options must be exercised within six months after the date of termination (other than for cause), unless earlier expired pursuant to the Expiration Date set forth below. 
 Subject to the preceding paragraph, this Grant of Option, or any portion hereof, may be exercised only to the extent vested per the attached schedule,
and must be exercised by Optionee no later than                          (the “Expiration
Date”) by (i) notice in writing, signed by Optionee; and (ii) payment of the Purchase Price pursuant to the terms of this Grant of Option and the Plan. Any portion of this Grant of Option that is not exercised on or before the
Expiration Date shall lapse. The notice must refer to this Grant of Option, and it must specify the number of shares being purchased, and recite the consideration being paid therefor. Notice shall be deemed given on the date on which the notice is
received by the Company. 
 This Option shall be considered validly exercised once payment therefor has cleared the banking system or the
Company has issued a credit memo for services in the appropriate amount, or receives a duly executed acceptable promissory note, if the Option is granted with deferred payment, and the Company has received written notice of such exercise. If payment
is not received within two business days after the date the notice is received, the Company may deem the notice to be invalid. 
 If Optionee
fails to exercise this Option in accordance with this Grant of Option, then this Grant of Option shall terminate and have no force and effect, in which event the Company and Optionee shall have no liability to each other with respect to this Grant
of Option. 
 This Option may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. 
 The validity, construction and enforceability of this Grant of Option shall
be construed under and governed by the laws of the State of Nevada, without regard to its rules concerning conflicts of laws, and any action brought to enforce this Grant of Option or resolve any controversy, breach or disagreement relative hereto
shall be brought only in a court of competent jurisdiction within the State of Nevada. 
 The shares of common stock issuable upon exercise
of the Option (the “Underlying Shares”) may not be sold, exchanged, assigned, transferred or permitted to be transferred, whether voluntarily, involuntarily or by operation of law, delivered, encumbered, discounted, pledged,
hypothecated or otherwise disposed of until (i) the Underlying Shares have been registered with the Securities and Exchange Commission pursuant to an effective registration statement on Form S-8, or such other form as may be appropriate, in the
discretion of the Company; or (ii) an Opinion of Counsel, satisfactory to the Company, has been received, which opinion sets forth the basis and availability of any exemption for resale or transfer from federal or state securities registration
requirements. 

 This Grant of Option relates to options granted on
                    ,         . 
  

			
	BAD TOYS HOLDINGS, INC.
	
	BY THE BOARD OF DIRECTORS OR A SPECIAL COMMITTEE THEREOF
	
	NOT FOR EXECUTION
		
	By:	 	  

	
	OPTIONEE:
	
	NOT FOR EXECUTION
	
	  

 GRANT OF OPTION PURSUANT TO THE 
 BAD TOYS HOLDINGS, INC. 2006 STOCK PLAN 
 OPTIONEE:
_____________________________________________________ 
 OPTIONS GRANTED:
_____________________________________________ 
 PURCHASE PRICE:
$                     per Share 
 DATE OF GRANT: _______________________________________________ 
 EXERCISE
PERIOD:                      to
                     
 VESTING SCHEDULE OF OPTION 
  

			
	 #SHARES
	  	 DATE VESTED (ASSUMING CONTINUED EMPLOYMENT, ETC.)

		
	_________	  	__________________________________________
		
	_________	  	__________________________________________
		
	_________	  	__________________________________________
		
	_________	  	__________________________________________
		
	_________	  	__________________________________________
		
	_________	  	__________________________________________
		
	_________	  	__________________________________________

 EXERCISED TO DATE: INCLUDING THIS EXERCISE
                             
 BALANCE TO BE EXERCISED:
                                 

 NOTICE OF EXERCISE 
 (TO BE SIGNED ONLY UPON EXERCISE OF THE OPTION) 
 TO: BAD TOYS HOLDINGS, INC.
(“Optionor”) 
 The undersigned, the holder of the Option described above, hereby irrevocably elects to exercise the
purchase rights represented by such Option for, and to purchase thereunder,                  shares of the Common Stock of Bad Toys Holdings, Inc., and herewith
makes payment of                              therefor. Optionee requests that the certificates for
such shares be issued in the name of Optionee and be delivered to Optionee at the address of
                                        
            , and if such shares shall not be all of the shares purchasable hereunder, represents that a new Notice of Exercise of like tenor for the appropriate balance of the shares,
or a portion thereof, purchasable under the Grant of Option pursuant to the Bad Toys Holdings, Inc. 2006 Stock Plan, be delivered to Optionor when and as appropriate. 
  

			
		 	OPTIONEE:
		
		 	NOT FOR EXECUTION
		
	Dated:

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