Document:

Chain Link Technologies Limited Company Share Option Scheme

 Exhibit 4.2 
  

[LOGO] CHAIN LINK TECHNOLOGIES LTD. 
  
  
 THE CHAIN LINK TECHNOLOGIES LIMITED 
  
 COMPANY SHARE OPTION SCHEME 
  

 Page 1 of 13 

 RULES OF THE CHAIN LINK TECHNOLOGIES LIMITED 
 COMPANY SHARE OPTION SCHEME 
  
 0. PURPOSE. The purpose of this Scheme is to provide incentives to attract, retain and motivate eligible persons whose present and potential contributions are
important to the success of the Company, its Parent and Subsidiaries, by offering them an opportunity to participate in the Company’s future performance through awards of Share Options 
  
 1. DEFINITIONS 
  
 1.1 In these Rules the following words and expressions shall have the following meanings 
  

	 “Appropriate Period” 
	 has the same meaning as in Paragraph 15(2) of Schedule 9 of ICTA 1988 

  

	 “Approval Date” 
	 the date on which the Scheme is approved by the Board of Inland Revenue under Schedule 9. 

  

	 “Associated Company” 
	 has the same meaning as in Section 416 of ICTA 1988. 

  

	 “Auditors” 
	 the auditors for the time being of the Company (acting as experts and not as arbitrators). 

  

	 “Board” 
	 the Board of Directors of the Company or, except in Rule 10.4, a duly constituted committee thereof. 

  

	 “Cause” 
	 Termination because of (i) any wilful material violation by the Eligible Employee of any law or regulation applicable to the business of the
Company or a Parent or Subsidiary of the Company, the Eligible Employee’s conviction for, or guilty plea to, a felony or a crime involving moral turpitude, any wilful perpetration by the Eligible Employee of a common law fraud or any unlawful
use by the Eligible Employee of drugs or other controlled substances, (ii) the Eligible Employee’s commission of an act of personal dishonesty which involves personal profit in connection with the Company or any other entity having a business
relationship with the Company, (iii) any material breach by the Eligible Employee of any provision of any agreement or understanding between the Company and the Eligible Employee regarding the terms of the Eligible Employee’s service as an
employee, director, consultant, independent contractor or adviser to the Company or a Parent or Subsidiary of the Company, including without limitation, the wilful and continued failure or refusal of the Eligible Employee to perform the material
duties required of such Eligible Employee as an employee, director, consultant, independent contractor or adviser of the Company or a Parent or Subsidiary of the Company, other than as a result of having a Disability, or a breach of any applicable
invention assignment and confidentiality agreement or similar agreement between the Company and the Eligible Employee, (iv) Eligible Employee’s disregard of the policies of the Company so as to cause loss, damage or injury to the property,
reputation or employees of the Company or a Parent or Subsidiary of the Company, or (v) any other misconduct by the Eligible Employee which is materially injurious to the financial condition or business reputation of, or is otherwise materially
injurious to, the Company or a Parent or Subsidiary of the Company. 

  

	 “Company” 
	 CHAIN LINK TECHNOLOGIES LIMITED registered in England No. 3810163 by whatever name known from time to time 

  

	 “Control” 
	 has the same meaning as in Section 840 of ICTA1988. 

  

	 “Date of Grant” 
	 the date on which an Option is, was, or is to be granted under the Scheme. 

  
  

 Page 2 of 13 

	

	 “Disability” 
	 a disability, whether temporary or permanent, partial or total, as determined by the Board. 

  

	 “Eligible Employee” 
	 any director of any Participating Company who is required to devote to his duties not less than 25 hours per week (excluding meal breaks) or any
employee (other than one who is a director) of any Participating Company, provided that the director or employee is not precluded by paragraph 8 of Schedule 9 from participating in the Scheme. 

  

	 “Expiration Date” 
	 the date specified as such in the applicable Option Certificate and on which date the Option shall expire. 

  

	 “First Vesting Date” 
	 the date specified as such in the applicable Option Certificate and before which date the Option shall not vest nor be exercisable.

  

	 “ICTA 1988” 
	 The Income and Corporation Taxes Act 1988. 

  

	 “Market Value” 
	 On any day the market value of a Share determined in accordance with the provisions of Part Vlll of the Taxation of Chargeable Gains Act 1992 and
agreed for the purposes of the Scheme with the Inland Revenue Shares Valuation Division on or before that day. 

  

	 “Option” 
	 a right to subscribe for Shares granted (or to be granted) in accordance with the Rules of this Scheme 

  

	 “Option Holder” 
	 an individual to whom an Option has been granted or his personal representatives. 

  

	 “Participating Company” 
	 the Company and any other company of which the Company has Control and which is for the time being nominated by the Board to be a Participating
Company . 

  

	 “Schedule 9” 
	 Schedule 9 ICTA 1988. 

  

	 “Scheme” 
	 the employee share option scheme constituted and governed by these rules as from time to time amended. 

  

	 “Share” 
	 a $0.001 Common Stock share in the capital of CHAIN LINK TECHNOLOGIES INC, (incorporated in Delaware, U.S.A.), which satisfies the conditions
specified in paragraphs 10-14 inclusive of Schedule 9. 

  

	 “Subscription Price” 
	 the price at which each Share subject to an Option may be acquired on the exercise of that Option determined in accordance with Rule 2.

  

	 “Subsisting Option” 
	 an option which has neither lapsed nor been exercised. 

  

	 “Termination” or “Terminated” 
	 means with respect to an Eligible Employee, that the 

	 “Termination Date” 
	 Eligible Employee has for any reason ceased to provide services as an employee, officer, director or consultant to the Company or a Parent or
Subsidiary of the Company. An employee will not be deemed to have ceased to provide services in the case of (i) sick leave, (ii) statutory leave, or (iii) any other leave of absence approved by the Committee, provided that such leave is for a period
of not more than 90 days unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to formal policy adopted from time to time by the Company and issued and promulgated to
employees in writing. In the case of any employee on an approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Option while on leave from the employ of the Company or a Subsidiary as it may deem
appropriate, except that in no event may an Option be exercised after 

  
  

 Page 3 of 13 

	 	 the expiration of the term set forth in the Option Certificate. The Committee will have sole discretion to determine whether an Eligible Employee
has ceased to provide services and the effective date on which the Eligible Employee ceased to provide services (the “Termination Date”). 

  
 1.2 Where the context so admits the singular shall include the plural and vice versa and the masculine shall include the feminine.

  
 1.3 Any reference in the Scheme to any enactment includes a reference to that
enactment as from time to time modified, extended or re-enacted. 
  
 1.4 These
rules are governed by and shall be construed in accordance with the law of England and references herein to any statutes or statutory instruments or any part or parts thereof are references to statutes or statutory instruments of the United Kingdom
unless otherwise specified. 
  
 1.5 These rules, together with all the model
documents attached hereto, constitute the entire agreement and understanding of the parties with respect to the subject matter of the CHAIN LINK TECHNOLOGIES LIMITED COMPANY SHARE OPTION SCHEME, and supersede all prior understandings and agreements,
whether oral or written, between the parties hereto with respect to the specific subject matter hereof. 
  
 2. INVITATION TO APPLY FOR OPTIONS 
  
 2.1
At any time or times not earlier than the Approval Date the Board may in its absolute discretion select any number of individuals who may at the intended Date of Grant be Eligible Employees and invite them to apply for the grant of Options to
acquire Shares in CHAIN LINK TECHNOLOGIES INC. 
  
 2.2 Each invitation shall
specify 
  
 i. the date (being neither earlier than 7 nor later than 14 days after
the issue of the invitation) by which an application must be made, 
  
 ii. the
maximum number of Shares over which that individual may on that occasion apply for an Option, being determined at the absolute discretion of the Board save that it shall not be so large that the grant of the Option over that number of Shares would
cause the limit specified in Rule 5.1 to be exceeded, 
  
 iii. the Subscription
Price at which Shares may be acquired on the exercise of any Option granted in response to the application, 
  
 iv. the First Vesting Date, and 
  
 v. the
Expiration Date 
  
 2.3 Each invitation shall be accompanied by an application in
such form, not inconsistent with these Rules, as the Board may determine. 
  
 2.4

 i. The Subscription Price shall not be less than the nominal value of a Share. 
  
 ii. Subject to Rule 8, the Subscription Price shall not be less than the Market Value of a Share on the day the invitation to apply for an
Option was issued pursuant to Rule 2.1. 
  
  
 3. APPLICATIONS FOR OPTIONS 
  
 3.1 Not later than the date specified in the invitation each Eligible Employee to whom an invitation has been issued in accordance with Rule 2 above may apply to the
Board, using the application form supplied, for an Option over a number of Shares not exceeding the number specified in the invitation . 
  
 4. GRANT OF OPTIONS 
  
 4.1 Not later than the twenty-first day following the issue of invitations the Board may grant to each applicant who is still an Eligible Employee an Option over the number of Shares specified in his application.

  
 4.2 As soon as possible after Options have been granted the Board shall issue
an option certificate in respect of each Option in such form, not inconsistent with these Rules, as the Board may determine. 
  
 4.3 No Option may be transferred, assigned or charged and any purported transfer, assignment or charge shall cause the Option to lapse forthwith. Each option certificate
shall carry a statement to this effect. 
  
 4.4 Subject to Rules 8 and 15, the
total number of Shares reserved and available for grant and issuance pursuant to this Sceme will be 750,000 ( seven hundred and fifty thousand) Shares or such lesser number of Shares as permitted under Section 260.140.45 of Title 10 of the
California Code of Regulations. Subject Rules 8 and 15, Shares that: (a) are subject to issuance upon exercise of an Option but cease to be subject to such Option for any reason other than exercise of such Option or (b) are subject to an Option that
otherwise terminates without Shares being issued will again be available for grant and issuance in connection with future Options under this Plan. At all times the Company will reserve and keep available a sufficient number of Shares as will be
required to satisfy the requirements of all Options granted under this Plan. 
  

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 5. LIMITATIONS ON GRANTS 
  

5.1 Any option granted to an Eligible Employee shall be limited and take effect so that the aggregate Market Value of Shares subject to that Option, when aggregated
with the Market Value of shares subject to Subsisting Options, shall not exceed £30,000. 
  
 5.2 For the purposes of Rule 5.1 
  
 i. Options
shall include all Options granted under this Scheme and all options granted under any other scheme, not being a savings-related share option scheme, approved under Schedule 9 and established by the Company or any Associated Company thereof.

  
 ii. The Market Value of shares shall be calculated as at the time the options
in relation to those shares were granted or such earlier time as may have been agreed in writing with the Board of Inland Revenue. 
  
 6. EXERCISE OF OPTIONS 
  
 6.1 Subject to Rule 9 below, and provided the Eligible Employee continues to provide services to the Company or any Subsidiary or Parent of the Company, any Option which has not lapsed will become vested and
exercisable as to portions of the Shares as follows: 
  
 (i) the Option shall not
vest nor be exercisable with respect to any of the Shares until the First Vesting Date; (ii) on the First Vesting Date the Option will become vested and exercisable as to twenty-five percent (25%) of the Shares; (iii) thereafter at the end of each
full succeeding month the Option will become vested and exercisable as to 2.08% of the Shares until the Shares are vested with respect to one hundred percent (100%) of the Shares. If application of the vesting percentage causes a fractional share,
such share shall be rounded down to the nearest whole share for each month except for the last month in such vesting period, at the end of which last month this Option shall become exercisable for the full remainder of the Shares. 
  
 6.2 An Option shall lapse on the earliest of the following dates or events, or earlier as
provided elsewhere in these rules 
  
 i. the Expiration Date 
  
 ii. the Option Holder being adjudicated bankrupt 
  
 iii. the tenth anniversary of the date the Option is granted. 
  
 7. TERMINATION 
  
 7.1 If the Eligible Employee is terminated for any reason, except death, Disability or Cause, the Option, to the extent (and only to the
extent) that it would have been exercisable by the Eligible Employee on the Termination Date, may be exercised by the Eligible Employee, no later than three (3) months after the Termination Date, but in any event no later than the Expiration Date.

  
 7.2 If the Eligible Employee is terminated because of death or Disability of
the Eligible Employee (or the Eligible Employee dies within three (3) months of termination when termination is for any reason other than the Eligible Employee’s disability or for cause) the Option, to the extent that it is exercisable by the
Eligible Employee on the Termination Date, may be exercised by the Eligible Employee (or the Eligible Employee’s legal representative), no later than twelve (12) months after the Termination Date, but in any event no later than the Expiration
Date. 
  
 7.3 If the Eligible Employee is terminated for Cause, then the Option
will expire on The Eligible Employee’s Termination Date, or at such later time and on such conditions as are determined by the Board. 
  
 7.4 Nothing in the rules shall confer on the Eligible Employee any right to continue in the employ of, or other relationship with, the Company or any Parent or Subsidiary
of the Company, or limit in any way the right of the Company or any Parent or Subsidiary of the Company to terminate the Eligible Employee’s employment or other relationship at any time, with or without Cause. 
  

 Page 5 of 13 

 8. VARIATION OF SHARE CAPITAL 
  
 In the event of any variation of the share capital of the CHAIN LINK TECHNOLOGIES INC by way of capitalisation or rights issue,
consolidation, subdivision or reduction of capital or otherwise, the number of Shares subject to any Option and the Subscription Price for each of those Shares shall be adjusted in such manner as the Auditors confirm in writing to be fair and
reasonable provided that i. the aggregate amount payable on the exercise of an Option in full is not increased 
  
 ii. the Subscription Price for a Share is not reduced below its nominal value 
  
 iii. no adjustment shall be made without the prior approval of the Board of Inland Revenue and 
  
 iv. following the adjustment the Shares continue to satisfy the conditions specified in paragraphs 10 to 14 inclusive of Schedule 9. 
  
 9. MANNER OF EXERCISE OF OPTIONS 
  
 9.1 No Option may be exercised by an individual at any time when he is precluded by
paragraph 8 of Schedule 9 from participating in the Scheme. 
  
 9.2 No Option may
be exercised at any time when the shares which may be thereby acquired do not satisfy the conditions specified in paragraphs 10-14 of Schedule 9. 
  
 9.3 An Option shall be exercised by the Option Holder giving notice to the Company in writing of the number of Shares in respect of which he wishes to exercise the Option
accompanied by the appropriate payment and the relevant option certificate and shall be effective on the date of its receipt by the Company. 
  
 9.4 Shares shall be allotted and issued pursuant to a notice of exercise within 30 days of the date of exercise and a definitive share certificate issued to the Option
Holder in respect thereof. Save for any rights determined by reference to a date preceding the date of allotment, such Shares shall rank pari passu with the other shares of the same class in issue at the date of allotment. 
  
 9.5 When an Option is exercised only in part, the balance shall remain exercisable on the
same terms as originally applied to the whole Option and a new option certificate shall be issued accordingly by the CHAIN LINK TECHNOLOGIES INC as soon as possible after the partial exercise. 
  
 10. ADMINISTRATION AND AMENDMENT 
  
 10.1 The Scheme shall be administered by the Board whose decision on all disputes shall be
final. 
  
 10.2 The Board may from time to time amend these Rules provided that:

  
 i. no amendment may materially affect an Option Holder as regards an Option
granted prior to the amendment being made 
  
 ii. no amendment may be made which
would make the terms on which Options may be granted materially more generous or would increase the limit specified in Rule 5.1 without the prior approval of the Company in general meeting and iii. no amendment shall have effect until approved by
the Board of Inland Revenue. 
  
 10.3 The cost of establishing and operating the
Scheme shall be borne by the Participating Companies in such proportions as the Board shall determine. 
  
 10.4 The Board may establish a committee consisting of not less than three Board members to whom any or all of its powers in relation to the Scheme may be delegated. The Board may at any time dissolve the Committee,
alter its constitution or direct the manner in which it shall act. 
  
 10.5 Any
notice or other communication under or in connection with the Scheme may be given by the Company either personally or by post to the secretary; items sent by post shall be prepaid and shall be deemed to have been received 72 hours after posting.

  
 10.6 The CHAIN LINK TECHNOLOGIES INC shall at all times keep available
sufficient authorised and unissued Shares to satisfy the exercise to the full extent still possible of all Options which have neither lapsed nor been fully exercised, taking account of any other obligations of the CHAIN LINK TECHNOLOGIES INC to
issue unissued Shares. 
  
 11. WITHOLDING TAXES 
  
 Whenever Shares are to be issued in satisfaction of Options granted under this Scheme, the
Company may require the Option Holder to remit to the Company an amount sufficient to satisfy any withholding tax requirements prior to the delivery of any certificate or certificates for such Shares. 
  

 Page 6 of 13 

 12. PRIVILEGES OF SHARE OWNERSHIP: VOTING AND DIVIDENDS 
  
 No Option Holder will have any of the rights of a shareholder with respect to any Shares
until the Shares are issued to the Option Holder. After Shares are issued to the Option Holder, the Option Holder will be a shareholder and have all the rights of a shareholder with respect to such Shares, including the right to vote and receive all
dividends or other distributions made or paid with respect to such Shares. 
  
 13. TRANSFERABILITY 
  
 Options granted under this Scheme, and
any interest therein, will not be transferable or assignable by the Eligible Employee, and may not be made subject to execution, attachment or similar process, otherwise than by will or by the laws of descent and distribution. During the lifetime of
the Eligible Employee an Option will be exercisable only by the Eligible Employee, and any elections with respect to an Option may be made only by the Eligible Employee. 
  
 14. NO OBLIGATION TO EMPLOY 
  
 Nothing in this Scheme or any Option granted under this Scheme will confer or be deemed to confer on any Option Holder any right to continue in the employ of, or to
continue any other relationship with, the Company or any Parent or Subsidiary of the Company or limit in any way the right of the Company or any Parent or Subsidiary of the Company to terminate Option Holder’s employment or other relationship
at any time, with or without Cause. 
  
 15. TAKEOVERS AND LIQUIDATIONS

  
 15.1 If any person obtains Control of CHAIN LINK TECHNOLOGIES INC as a
result of making 
  
 i. a general offer to acquire the whole of the issued share
capital of CHAIN LINK TECHNOLOGIES INC which is made on a condition such that if it is satisfied the person making the offer will have Control of CHAIN LINK TECHNOLOGIES INC or 
  
 ii. a general offer to acquire all the shares in CHAIN LINK TECHNOLOGIES INC which are of the same class as the Shares 
  
 then any Subsisting Option may subject to Rule 15.4 below be exercised within six months of
the time when the person making the offer has obtained Control of CHAIN LINK TECHNOLOGIES INC and any condition subject to which the offer is made has been satisfied. 
  
 15.2 If under Section 425 of the Companies Act 1985 the Court sanctions a compromise or arrangement proposed for the purposes of or in
connection with a scheme for the reconstruction of the Company or its amalgamation with any other company or companies, any Subsisting Option may subject to Rule 15.4 below be exercised within six months of the Court sanctioning the compromise or
arrangement. 
  
 15.3 If any person becomes bound or entitled to acquire shares in
the Company under Section 428 to 430 of the said Act of 1985 any Subsisting Option may subject to Rule 15.4 below be exercised at any time when that person remains so bound or entitled. 
  
 15.4 If as a result of the events specified in Rules 15.1 or 15.2 a company has obtained Control of CHAIN LINK TECHNOLOGIES INC or of the
Company, or if a company has become bound or entitled as mentioned in Rule 15.3, the Option Holder may, by agreement with that other company (the “Acquiring Company”), within the Appropriate Period, release each Subsisting Option (the
“Old Option”) for an option (the “New Option”) which satisfies the conditions that it 
  
 i. is over shares in the Acquiring Company or some other company falling within paragraph (b) or paragraph (c) of Paragraph 10, Schedule 9 which satisfy the conditions specified in Paragraphs 10 to 14 inclusive of
Schedule 9 
  
 ii. is a right to acquire such number of such shares as has on
acquisition of the New Option an aggregate Market Value equal to the aggregate Market Value of the shares subject to the Old Option on its release 
  

 Page 7 of 13 

 iii. has a subscription price per share such that the aggregate price payable on the complete exercise equals the
aggregate price which would have been payable on complete exercise of the Old Option and 
  
 iv. is otherwise identical in terms to the Old Option. 
  
 The New Option shall, for all other purposes of this scheme, be treated as having been acquired at the same time as the Old Option. 
  
 Where any New Options are granted pursuant to this clause 15.4, Rules 4.3, 6, 8, 9, 10.1, 10.3 to 10.6, and 15 shall, in relation to the New Options, be construed as if
references to the CHAIN LINK TECHNOLOGIES INC or the Company (as appropriate) and to the Shares were references to the Acquiring Company or, as the case may be, to the other company to whose shares the New Options relate, and to the shares in that
other company, but references to Participating Company shall continue to be construed as if references to the Company were references to CHAIN LINK TECHNOLOGIES INC or to CHAIN LINK TECHNOLOGIES LIMITED (as appropriate). 
  
 15.5 If the to CHAIN LINK TECHNOLOGIES INC or Company passes a resolution for voluntary
winding up, any Subsisting Option may be exercised within six months of the passing of the resolution. 
  
 15.6 For the purposes of this Rule 15, other than Rule 15.4, a person shall be deemed to have obtained Control of a company if he and others acting in concert with him have together obtained Control of it. 

 
 15.7 The exercise of an Option pursuant to the preceding provisions of this Rule 15 shall
be subject to the provisions of Rule 9 above. 
  
 15.8 Where in accordance with
Rule 15.4 Subsisting Options are released and New Options granted the New Options shall not be exercisable in accordance with Rule 15.1, 15.2, and 15.3 above by virtue of the event by reason of which the New Options were granted. 
  
  

 Page 8 of 13 

 MODEL LETTER OF INVITATION 
  
 ON LETTERHEAD OF CHAIN LINK TECHNOLOGIES LIMITED 
  

	 NAME

	 	 	 	 
	 ADDRESS

	 	 	 	 
			
	
	 	 	 	 
			
	
	 	 	 	 
			
	
	 	 	 	 
	 Date

	 	 	 	 
	 Dear

	 	 	 	 

  
 THE CHAIN LINK TECHNOLOGIES LIMITED
COMPANY SHARE OPTION SCHEME (“the Scheme”) 
  
 The Board has
decided to invite you to apply for an Option to acquire
[                                    ] Common Stock Shares of
$0.001 each in the capital of the CHAIN LINK TECHNOLOGIES INC under the terms of the Scheme Rules. 
  
 The grant of the Option will be subject to the Rules of the Scheme, a copy of which is attached for your consideration. 
  
 The subscription price per share payable upon the exercise of the Option will be
                 [insert subscription price]. 
  
 The First Vesting Date will be
                                        
         [Insert First Vesting Date] 
  
 The Expiration Date will be
                                        
         [Insert Expiration Date] 
  
 If you wish to accept this invitation, as to all or part of the shares specified, please complete the attached application form and send it to the Company so as to arrive by NOT LATER THAN
                                [insert date required by the Scheme Rules].

  
 Yours sincerely 
  

	 .......................................................................
 Name

	 	 	 	 
	 .......................................................................
 Name

	 	 	 	 
	 .......................................................................
 Name

	 	 	 	 

  
 [signed by the Directors of CHAIN LINK TECHNOLOGIES LIMITED] 
  
 and

  
 Agreed by a duly authorised representative of the CHAIN LINK TECHNOLOGIES INC

  

	 .......................................................................
 Name

	 	 	 	 

  
 [signed by a duly authorised
representative of the CHAIN LINK TECHNOLOGIES INC] 
  
  

 Page 9 of 13 

 MODEL APPLICATION FORM 
  

	 	 	
	 	Home address of
	 	 	
	 	eligible employee
	 	 	
	 	 
	 	 	
	 	 
	 	 	
	 	 
			
	 Date

	 	 	 	 
			
	 To: The Directors,
	 	 	 	 
		
	THE CHAIN LINK TECHNOLOGIES LIMITED	 	 
		
	
	 	Address of
		
	
	 	CHAIN LINK TECHNOLOGIES LIMITED
		
	
	 	 
		
	
	 	 
		
	
	 	 

  
 Dear
Sirs 
  
 THE CHAIN LINK TECHNOLOGIES LIMITED COMPANY SHARE OPTION SCHEME

  
 With reference to your letter of
[            ] I hereby apply for the grant of an Option under the above Scheme to subscribe for
[                        *] Common Stock Shares of $0.001 each in the capital of the CHAIN LINK TECHNOLOGIES INC at a
subscription price of [                             insert subscription price]. 
  
 If my application is accepted I agree to comply with and be bound by the Rules of the Scheme
and by any amendments or variations thereto. 
  
 Yours faithfully 
  
 Signed ..........................................................

  
 [Eligible Employee] 
  
 Full Name of Employee
                                        
                             
  

	*	 	Applications must be for no more than the number of shares specified in the Letter of Invitation. 

  
  

 Page 10 of 13 

 MODEL OPTION CERTIFICATE 
  

ON LETTERHEAD OF CHAIN LINK TECHNOLOGIES LIMITED 
  
 THE CHAIN LINK TECHNOLOGIES LIMITED 
 COMPANY SHARE OPTION SCHEME

  
 OPTION CERTIFICATE 
  
 This is to certify that
                                        
         is the holder of an Option to acquire up to a maximum of              Common Stock shares of $0.001 each of CHAIN LINK
TECHNOLOGIES INC at a price of                  per ordinary share. 
  
 This Option was granted on
                                        
     under the Rules of the CHAIN LINK TECHNOLOGIES LIMITED COMPANY Share Option Scheme. 
  
 The Option is exercisable in accordance with the terms of the Scheme Rules. 
  
 The First Vesting Date is
                                        
                 [Insert First Vesting Date] 
  
 The Expiration Date is
                                        
             [Insert Expiration Date] 
  
 If there is to be no charge to United Kingdom income tax on the exercise of an Option then, in addition to complying with the rules of the Scheme, the exercises must be • made at a time when the Scheme retains
Inland Revenue approval • not earlier than 3 or later than 10 years after the Option was granted and • not earlier than 3 years following the latest previous exercise by the Eligible Employee of an Option (obtained under this or any other
Option Scheme (except a savings related Share Option Scheme) approved by the Inland Revenue) which enjoyed relief from income tax. 
  
 It is not transferable, and will lapse upon the occasion of an assignment, charge, disposal or other dealing with the rights conveyed by it in any other circumstances.

  
 In witness wherof the common seal of CHAIN LINK TECHNOLOGIES LIMITED has been
hereunto affixed this                      day of
                                       
          
  
 In the presence of

  

	         Signed
                                        
            
  
         Name
                                        
                  
  
                                     Director
  
         Signed
                                        
            
  
         Name
                                        
                     
  
                                    
 Secretary

  
 and 
  
 Agreed by a duly authorised representative of the CHAIN LINK TECHNOLOGIES INC 
  
 Name
                                     
 [signed by a duly authorised representative of the CHAIN LINK TECHNOLOGIES INC] 
  

THIS CERTIFICATE IS IMPORTANT AND SHOULD BE KEPT IN A SAFE PLACE 
  

 Page 11 of 13 

 MODEL NOTICE OF EXERCISE OF OPTION 
  
 To: The Secretary 
 THE CHAIN LINK TECHNOLOGIES LIMITED 
  

	  

	 	Address of
	  

	 	CHAIN LINK TECHNOLOGIES LIMITED
	  

	  	 	 	 
	  

	  	 	 	 
	  

	  	 	 	 
			
	 From:
	 	  

	  	(name in BLOCK CAPITALS)
	  

	  	(ADDRESS)	 	 
	  

	  	 	 	 
	  

	  	 	 	 
	  

	  	 	 	 

  
 (1) I hereby give notice to CHAIN LINK
TECHNOLOGIES LIMITED that immediately upon your receipt of this certificate and the enclosed remittance I am exercising the Option, granted in the attached Option Certificate, to acquire
                                     Common Stock shares of
$0.001 each in CHAIN LINK TECHNOLOGIES INC at the subscription price stated of $                 
  
 (2) I enclose herewith a cheque drawn in favour of CHAIN LINK TECHNOLOGIES INC for
                         being the amount payable in full for those shares. 
  
 (3) I UNDERSTAND THAT I MAY SUFFER ADVERSE TAX CONSEQUENCES AS A RESULT OF MY PURCHASE OR
DISPOSITION OF THE SHARES. I REPRESENT: (i) THAT I HAVE CONSULTED WITH ANY TAX ADVISER THAT I DEEM ADVISABLE IN CONNECTION WITH THE PURCHASE OR DISPOSITION OF THE SHARES AND (ii) THAT I AM NOT RELYING ON THE COMPANY OR ITS ADVISORS FOR ANY TAX
ADVICE 
  
 (4.1) I understand and acknowledge that the Shares have not been
registered with the United States SEC under the United States Securities Act and that, notwithstanding any other provision of the CHAIN LINK TECHNOLOGIES LIMITED Company Share Option Scheme to the contrary, the exercise of any rights to purchase any
Shares is expressly conditioned upon compliance with the said Securities Act and all applicable United States state securities laws. I agree to cooperate with the Company and the CHAIN LINK TECHNOLOGIES INC to ensure compliance with such laws. The
Shares are being issued under the said Securities Act pursuant to the exemption provided by United States SEC Rule 701. 
  
 (4.2) I understand and acknowledge that the CHAIN LINK TECHNOLOGIES LIMITED Company Share Option Scheme, including the Letter of Invitation, Application Form, Option
Certificate and this Notice of Exercise of Option are intended to comply with Section 25102(o) of the California Corporations Code and any rules (INCLUDING COMMISSIONER RULES, IF APPLICABLE) or regulations promulgated thereunder BY THE CALIFORNIA
DEPARTMENT OF CORPORATIONS (the “REGULATIONS”). Any provision of this Notice of Exercise of Option which is inconsistent with Section 25102(o) shall, without further act or amendment by the Company or the Board, be reformed to comply with
the requirements of Section 25102(o). THE SALE OF THE SECURITIES THAT ARE THE SUBJECT OF 
  

 Page 12 of 13 

 THIS NOTICE OF EXERCISE OF OPTION, IF NOT YET QUALIFIED WITH THE CALIFORNIA COMMISSIONER OF CORPORATIONS AND NOT EXEMPT
FROM SUCH QUALIFICATION, IS SUBJECT TO SUCH QUALIFICATION, AND THE ISSUANCE OF SUCH SECURITIES, AND THE RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION IS UNLAWFUL UNLESS THE SALE IS EXEMPT. THE RIGHTS OF THE PARTIES TO
THIS EXERCISE AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED OR AN EXEMPTION BEING AVAILABLE. 
  
 (5) I understand that I may not transfer any Shares unless such Shares are registered under the United States Securities Act or qualified under applicable United States
state securities laws or unless, in the opinion of counsel to the Company or to CHAIN LINK TECHNOLOGIES INC, exemptions from such registration and qualification requirements are available. I understand that only the CHAIN LINK TECHNOLOGIES INC may
file a registration statement with the United States SEC and that CHAIN LINK TECHNOLOGIES INC is under no obligation to do so with respect to the Shares. I have also been advised that exemptions from registration and qualification may not be
available or may not permit me to transfer all or any of the Shares in the amounts or at the times proposed by me. 
  
 (5.2) In addition, I have been advised that United States SEC Rule 144 promulgated under the said Securities Act, which permits certain limited sales of unregistered
securities, is not presently available with respect to the Shares and, in any event, requires that the Shares be held for a minimum of one (1) year, and in certain cases two (2) years, after they have been purchased and paid for (within the meaning
of Rule 144). I understand that Rule 144 may indefinitely restrict transfer of the Shares so long as I remain an “affiliate” of the Company or if “current public information” about the Company (as defined in Rule 144) is not
publicly available. 
  
 (6) Market Standoff Agreement: I agree in
connection with any registration of CHAIN LINK TECHNOLOGIES INC’s securities that, upon the request of the Company or CHAIN LINK TECHNOLOGIES INC or the underwriters managing any public offering of the CHAIN LINK TECHNOLOGIES INC’s
securities, I will not sell or otherwise dispose of any Shares without the prior written consent of CHAIN LINK TECHNOLOGIES INC or such underwriters, as the case may be, for such period of time (not to exceed one hundred eighty (180) days) after the
effective date of such registration requested by such managing underwriters and subject to all restrictions as the Company or CHAIN LINK TECHNOLOGIES INC or the underwriters may specify. I further agree to enter into any agreement reasonably
required by the underwriters to implement the foregoing. 
  

	 Signed                                     
                                        
 

	
	 Date Signed                                    
                                 

  

 Page 13 of 13Supplemental Indenture dated March 15, 1981

 EXHIBIT 4.6 
  

AEGON N.V. 
 as Guarantor

  
 and 
  
 TRANSAMERICA FINANCE CORPORATION 
 as Issuer 
  
 and 
  
 U.S. BANK NATIONAL ASSOCIATION 
 (successor in interest to Continental Illinois National Bank  and Trust Company of
Chicago) 
 as Trustee 
  

  
 SUPPLEMENTAL INDENTURE

  
 Dated as of
                         , 2003 
  
 to 
  
 INDENTURE 
  
 Dated as of March 15, 1981 
  

  

 TABLE OF CONTENTS 
  

	 	  	 	  	Page

		
	 ARTICLE I
  
 DEFINITIONS
	  	 
			
	 SECTION 1.1
	  	DEFINITION OF TERMS	  	2
		
	 ARTICLE II
  
 THE PARTIES
	  	 
			
	 SECTION 2.1
	  	THE TRUSTEE	  	2
	 SECTION 2.2
	  	THE GUARANTOR	  	2
		
	 ARTICLE III
  
 THE GUARANTEE
	  	 
			
	 SECTION 3.1
	  	GUARANTEE	  	3
	 SECTION 3.2
	  	WAIVER OF NOTICE AND DEMAND	  	4
	 SECTION 3.3
	  	WAIVER OF GUARANTOR’S RIGHTS	  	4
	 SECTION 3.4
	  	NO DEFENSE; IMMUNITY; SET-OFF; COUNTERCLAIM	  	4
	 SECTION 3.5
	  	GUARANTEE OF PAYMENT	  	5
	 SECTION 3.6
	  	OBLIGATIONS NOT AFFECTED	  	5
	 SECTION 3.7
	  	SUBROGATION	  	5
	 SECTION 3.8
	  	INDEPENDENT OBLIGATIONS	  	5
		
	 ARTICLE IV
  
 SUBORDINATION
	  	 
			
	 SECTION 4.1
	  	RANKING	  	6
		
	 ARTICLE V
  
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	 
			
	 SECTION 5.1
	  	GUARANTOR MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS	  	6
	 SECTION 5.2
	  	SUCCESSOR SUBSTITUTED	  	6
		
	 ARTICLE VI
  
 MISCELLANEOUS
	  	 
			
	 SECTION 6.1
	  	RATIFICATION OF THE INDENTURE	  	6
	 SECTION 6.2
	  	TRUSTEE NOT RESPONSIBLE FOR RECITALS	  	6
	 SECTION 6.3
	  	TERMINATION	  	7
	 SECTION 6.4
	  	SUCCESSORS AND ASSIGNS	  	7
	 SECTION 6.5
	  	AMENDMENTS	  	7
	 SECTION 6.6
	  	NOTICES	  	7
	 SECTION 6.7
	  	BENEFIT	  	7
	 SECTION 6.8
	  	GOVERNING LAW; JURISDICTION	  	7
	 SECTION 6.9
	  	SEPARABILITY	  	8
	 SECTION 6.10
	  	COUNTERPARTS	  	8
	 SECTION 6.11
	  	EFFECTIVENESS	  	8

  

 1 

 SUPPLEMENTAL INDENTURE, dated as of
                 , 2003 (this “Supplemental Indenture”) among AEGON N.V., a Netherlands public company with limited liability (the “Guarantor”),
Transamerica Finance Corporation, a Delaware corporation (the “Company”), and U.S. Bank National Association (successor in interest to Continental Illinois National Bank and Trust Company of Chicago), a banking association duly
incorporated and registered under the laws of                 , as trustee (the “Trustee”). 
  
 WHEREAS, the Company has executed and delivered to the Trustee an indenture dated as of March 15, 1981 (the
“Indenture”) providing for the issuance by the Company from time to time of its unsecured senior debt securities issuable in one or more series; 
  
 WHEREAS, the Company has issued, and the Trustee has authenticated and delivered, the series of debt securities designated 6 1/2% Debentures due March 15, 2011 (the “Notes”); 
  
 WHEREAS, the Company is the obligor with respect to the Notes; 
  
 WHEREAS, the Guarantor is willing to provide the Guarantee (as defined
herein) on the terms and subject to the conditions set forth herein; 
  
 WHEREAS, the Company proposes to amend and supplement the Indenture in certain respects; 
  
 NOW THEREFORE, in consideration of the premises, the parties hereby agree as follows: 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 SECTION 1.1    DEFINITION OF TERMS. 
  
 Unless the context otherwise requires: 
  
 (a) a term defined in the Indenture has the same meaning when used in this Supplemental Indenture; 
  
 (b) a term defined anywhere in this Supplemental Indenture has the same
meaning throughout this Supplemental Indenture; 
  
 (c) the
singular includes the plural and vice versa; and 
  
 (d) the
Article and Section headings herein and the Table of Contents are for convenience of reference only and do not affect the construction of this Supplemental Indenture. 
  
 ARTICLE II 
  
 THE PARTIES 
  
 SECTION 2.1    THE TRUSTEE. 
  

The Guarantee shall be held by the Trustee for the benefit of the Holders, and the Trustee shall not transfer the Guarantee to any Person except in
connection with a simultaneous transfer of the Notes carried out in accordance with the Indenture. 
  
 SECTION 2.2    THE GUARANTOR. 
  
 The Guarantor is hereby made a party to the Indenture. 
  

 2 

 ARTICLE III 
  
 THE GUARANTEE 
  
 SECTION 3.1    GUARANTEE. 
  

(a) The Guarantor hereby fully and unconditionally guarantees to each Holder, and to the Trustee on behalf of each Holder, the due and punctual payment
(and not merely the collection) of the principal of (premium, if any) and interest on the Notes, when and as the same shall become due and payable whether at maturity, by acceleration, call for redemption or otherwise, according to the terms thereof
and the Indenture without any requirement that a Holder or Paying Agent first proceed against the Company (the “Guarantee”). The obligations under the Guarantee shall be absolute and unconditional for the duration of the Guarantee,
irrespective of (i) any invalidity, irregularity or unenforceability of the Notes, (ii) the absence of any action to enforce the same or any release or amendment or waiver of any term of any other guarantee of, all or of any of the Notes, any waiver
or consent by the Holder of such Note or by the Trustee or either of them with respect to any provisions thereof or of the Indenture, (iii) the obtaining of any judgment against the Company or any action to enforce the same or any other
circumstances which might otherwise constitute a legal or equitable discharge or defense of a guarantor; provided, however, that notwithstanding the foregoing, no such release, amendment, waiver, consent or judgment shall, without the consent
of the Guarantor, increase the principal amount of such Note or increase the rate or rates of interest thereon, or increase any premium payable upon redemption thereof or alter the Stated Maturity thereof. The Guarantee shall continue in full force
and effect until the principal of (premium, if any) and interest in respect of all outstanding Notes shall have been paid. 
  
 (b) The Guarantor will make all payments pursuant to the Guarantee without withholding or deduction for, or on account of, any present or future taxes,
duties, assessments, levies and other governmental charges of any nature whatsoever now or hereafter imposed or established by or on behalf of the Netherlands or any authority in the Netherlands, unless such deduction or withholding is required by
law (a “Netherlands Tax”). In the event any Netherlands Tax is so imposed or established on any amounts payable under the Guarantee, the Guarantor agrees to pay such additional amounts to each Holder (the “Additional Amounts”) as
may be necessary in order that the net amounts receivable by each Holder after any payment, withholding or deduction in respect of such Netherlands Tax shall equal the respective amounts of principal (premium, if any) and interest, which would have
been receivable in respect of the Notes in the absence of such payment, withholding or deduction; provided, however, that the amounts with respect to the Netherlands Tax shall be payable only to Holders that are not residents in the
Netherlands for purposes of its tax laws; and provided further, that the Guarantor shall not be required to make any payment of Additional Amounts for or account of: 
  

	 	A.	 	any tax, assessment or other governmental charge which would not have been imposed but for the existence of any present or former connection between such Holder (or between a
fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over such Holder, if such Holder is an estate, trust, partnership or corporation) and the Netherlands, or any political subdivision or territory or possession thereof
or therein or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or treated as a resident
thereof or being or having been present or engaged in a trade or business therein or having or having had a permanent establishment therein; 

  

	 	B.	 	any estate, inheritance, gift, sales, transfer, personal property or similar tax, assessment or other governmental charge; 

  

	 	C.	 	any tax, assessment or other governmental charge which is payable other than by withholding from payments of (or in respect of) principal of (premium, if any) or any interest on,
the Notes; 

  

	 	D.	 	any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment of principal of (premium, if any) or any interest on, any Note, if such
payment can be made without such withholding by any other paying agent; 

  

 3 

	 	E.	 	any tax, assessment or other governmental charge which would not have been imposed or withheld if such Holder had made a declaration of nonresidence or other similar claim for
exemption or presented any applicable form of certificate, upon the making or presentation of which that Holder would either have been able to avoid such tax, assessment or charge or to obtain a refund of such tax, assessment or charge;

  

	 	F.	 	any tax, assessment or other governmental charge which would not have been imposed but for the presentation of a Note (where presentation is required) for payment on the date more
than 30 days after the date on which such payment became due and payable or more than 30 days after the date on which payment thereof was duly provided for, whichever occurred later; 

  

	 	G.	 	any withholding or deduction imposed on a payment under the Guarantee which is required to be made pursuant to a European Union directive on the taxation of savings or any law
implementing or complying with, or introduced in order to conform to, such directive; or 

  

	 	H.	 	any combination of items above; 

  
 nor shall Additional Amounts be paid with respect to any payment of the principal of (premium, if any) or any interest on any Note pursuant to the Guarantee to any such
Holder who is a fiduciary or a partnership or a beneficial owner who is other than the sole beneficial owner of such payment to the extent a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner
would not have been entitled to such Additional Amount had it been the Holder of the Note. 
  
 Whenever in the Notes there is a reference, in any context, to the payment of the principal of (premium, if any) or interest, or in respect of, any Note such payment shall be deemed to include the payment of
Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect of such payment pursuant to the provisions hereof or thereof and express mention of the payment of Additional Amounts (if applicable)
in any provision hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made. 
  
 SECTION 3.2    WAIVER OF NOTICE AND DEMAND. 
  
 The Guarantor hereby waives the benefits of diligence, presentment, demand of payment, any requirement that the Trustee or
any of the Holders exhaust any right or take any action against the Company or any other Person, filing of claims with a court in the event of insolvency or bankruptcy of the Company, protest or notice with respect to such Note or the indebtedness
evidenced thereby; provided, however, that the Guarantor receives prompt written notice from the Trustee or any Holder of any failure by the Company to make any payment of principal (premium, if any) or interest or any sinking fund or
analogous payment. 
  
 SECTION
3.3    WAIVER OF GUARANTOR’S RIGHTS. 
  
 The Guarantor will not exercise any rights which it may acquire by way of subrogation or by any indemnity, reimbursement or other agreement until the principal (premium, if any) and interest in respect of all outstanding Notes shall have
been paid. 
  
 SECTION
3.4    NO DEFENSE; IMMUNITY; SET-OFF; COUNTERCLAIM. 
  
 To the extent that the Guarantor or any of its respective properties, assets or revenues may have or may hereafter become entitled to, or have attributed to it, any right of immunity on the grounds of sovereignty or
other similar grounds, from any legal action, any suit, process or proceeding in connection with or arising out of the Guarantee, from the giving of any relief thereunder, from set-off or counterclaim, from the jurisdiction of any court, from
service of process, from attachment upon or prior to judgment from attachment in aid of execution of judgment, or from execution of judgment or other legal action, suit, process or proceeding for the giving of any relief or for the enforcement of
any judgment, in any jurisdiction in which any proceeding may at any time be 

  

 4 

 
commenced, with respect to its obligations, liabilities or any other matter under or arising out of or in connection with the Guarantee, the Guarantor hereby
irrevocably and unconditionally waives and agrees, for the benefit of each Holder, from time to time, not to plead or claim any such immunity, set-off or counterclaim. 
  
 SECTION 3.5    GUARANTEE OF PAYMENT. 
  
 This Supplemental Indenture creates a guarantee of payment and not of
collection. 
  
 SECTION
3.6    OBLIGATIONS NOT AFFECTED. 
  
 The
obligations of the Guarantor under this Supplemental Indenture shall in no way be affected or impaired by reason of the occurrence from time to time of any of the following: 
  

	 	(a)	 	the release or waiver, by operation of law or otherwise, of the performance or observance by the Company of any express or implied agreement, covenant, term or condition relating to
the Notes to be performed or observed by the Company; 

  

	 	(b)	 	any failure, omission, delay or lack of diligence on the part of the Holders to enforce, assert or exercise any right, privilege, power or remedy conferred on the Holders pursuant
to the terms of the Notes, or any action on the part of the Company granting indulgence or extension of any kind; 

  

	 	(c)	 	the voluntary or involuntary liquidation, dissolution, sale of any collateral, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization,
arrangement, composition or readjustment of debt of, or other similar proceedings affecting, the Company or any of the assets of the Company; 

  

	 	(d)	 	any invalidity of, or defect or deficiency in, the Notes; 

  

	 	(e)	 	the settlement or compromise of any obligation of the Guarantor under the Guarantee or incurred under the Guarantee; or 

  

	 	(f)	 	any other circumstance whatsoever that may otherwise constitute a legal or equitable discharge or defense of a guarantor, it being the intent of this Section 3.6 that the
obligations of the Guarantor hereunder shall be absolute and unconditional under any and all circumstances. 

  
 There shall be no obligation of the Holders to give notice to, or obtain consent of, the Guarantor with respect to the happening of any of the foregoing.

  
 SECTION
3.7    SUBROGATION. 
  
 The Guarantor shall
be subrogated to all rights, if any, of the Holders of the Notes against the Company in respect of any amounts paid to such Holders by the Guarantor under this Supplemental Indenture; provided, however, that the Guarantor shall not (except to
the extent required by mandatory provisions of law) be entitled to enforce or exercise any right that it may acquire by way of subrogation or any indemnity, reimbursement or other agreement, in all cases as a result of payment under this
Supplemental Indenture, if, at the time of any such payment, any amounts are due and outstanding under this Supplemental Indenture. If any amount shall be paid to the Guarantor in violation of the preceding sentence, the Guarantor agrees to hold
such amount in trust for the benefit of the Holders and to pay over such amount to the Holders. 
  
 SECTION 3.8    INDEPENDENT OBLIGATIONS. 
  
 The Guarantor acknowledges that its obligations hereunder are independent of the obligations of the Company with respect to
the Notes, and that the Guarantor shall be liable as principal and as debtor hereunder to make payments with respect to the Guarantee pursuant to the terms of this Supplemental Indenture notwithstanding the occurrence of any event referred to in
subsections (a) through (f), inclusive, of Section 3.6 hereof. 
  

 5 

 ARTICLE IV 
  
 SUBORDINATION 
  
 SECTION 4.1    RANKING. 
  
 The Guarantee will constitute an unsecured and senior obligation of the Guarantor and will rank pari passu with all unsecured and unsubordinated
indebtedness of the Guarantor other than obligations that by mandatory operation of law would be given priority in a dissolution of the Guarantor. 
  
 ARTICLE V 
  
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
  
 SECTION 5.1    GUARANTOR MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS. 
  
 The Guarantor shall not consolidate with or merge into any other Person or
convey, transfer or lease its properties and assets substantially as an entirety to any Person, unless: 
  

	 	(a)	 	the Person formed by such consolidation or into which the Guarantor is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of
the Guarantor substantially as an entirety (for purposes of this Article V, a “Successor Guarantor”) shall expressly assume, by an indenture supplemental to the Indenture, executed and delivered to the Trustee, in form and substance
reasonably satisfactory to the Trustee, the Guarantor’s obligations under this Supplemental Indenture and the performance or observance of every covenant of this Supplemental Indenture on the part of the Guarantor to be performed or observed;
and 

  

	 	(b)	 	immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have
happened and be continuing. 

  
 SECTION 5.2    SUCCESSOR SUBSTITUTED. 
  
 Upon any consolidation of the Guarantor with, or merger of the Guarantor into, any other Person or any conveyance, transfer or lease of all or substantially all of the properties and assets of the Guarantor as an entirety in accordance with
Section 5.1, the Successor Guarantor shall succeed to and be substituted for, and may exercise every right and power of, the Guarantor under this Supplemental Indenture with the same effect as if such Successor Guarantor had been named as the
Guarantor herein, and thereafter, the Guarantor shall be relieved of all obligations and covenants under this Supplemental Indenture. 
  
 ARTICLE VI 
  
 MISCELLANEOUS 
  
 SECTION 6.1    RATIFICATION OF THE INDENTURE. 
  
 Except as hereby expressly amended, the Indenture is in all respects ratified and confirmed and all terms, provisions and conditions thereof shall be and
remain in full force and effect. 
  
 SECTION
6.2    TRUSTEE NOT RESPONSIBLE FOR RECITALS. 
  
 The recitals herein contained are made by the Guarantor and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this
Supplemental Indenture. 
  

 6 

 SECTION 6.3    TERMINATION. 
  
 This Supplemental Indenture shall terminate once the principal (premium, if
any) and interest of all outstanding Notes have been paid. 
  
 SECTION 6.4    SUCCESSORS AND ASSIGNS. 
  
 The Guarantee and other obligations of the Guarantor contained in this Supplemental Indenture shall bind the successors, assigns, receivers, trustees and representatives of the Guarantor and shall inure to the benefit
of the Holders then outstanding. 
  
 SECTION
6.5    AMENDMENTS. 
  
 This Supplemental
Indenture may only be amended in accordance with Section 9-2 of the Indenture. 
  
 SECTION 6.6    NOTICES. 
  
 All notices provided for in this Supplemental Indenture shall be in writing, duly signed by the party giving such notice, and shall be delivered,
telecopied or mailed by registered or certified mail, as follows: 
  

	 	(a)	 	If given to the Trustee, at the mailing address of the Trustee set forth below: 

  
 U.S. Bank National Association 
 Corporate Trust Services 
 180 East Fifth Street 
 St. Paul, MN 55101 
  

	 	(b)	 	If given to the Guarantor, at the mailing address of the Guarantor set forth below (or such other address as the Guarantor may give notice of to the Holders):

  
 AEGONplein 50, 
 2591 TV, The Hague, 
 The Netherlands 
 Attn: Group Treasury 
  

	 	(c)	 	If given to any Holder, at the address set forth in the Debenture Register. 

  
 All such notices shall be deemed to have been given when received in person, transmitted by facsimile with receipt confirmed, or mailed by first class
mail, postage prepaid except that if a notice or other document was refused delivery or could not be delivered because of a change of address, of which no notice was given, such notice or other document shall be deemed to have been delivered on the
date of such refusal or inability to deliver. 
  

	SECTION	 	6.7    BENEFIT. 

  
 Nothing in this Supplemental Indenture or in the Notes, express or implied, shall give to any Person, other than the parties hereto and their successors
hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture. 
  

	SECTION	 	6.8    GOVERNING LAW; JURISDICTION. 

  
 This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of California except (i) with respect to Article
III hereof and the Guarantee, which shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts of law provisions and (ii) with respect to authorization and execution of this Supplemental
Indenture by or on behalf of the Guarantor which are required to be governed by the laws of the Netherlands. The Guarantor agrees that any legal action, suit or proceeding against it arising out of or related to this Supplemental Indenture may be
brought in the 

  

 7 

 
United States federal courts located in the Borough of Manhattan or the courts of the State of New York located in the Borough of Manhattan and hereby
irrevocably accepts and submits to the non-exclusive jurisdiction of the aforementioned courts, in personam, generally and unconditionally, with respect to any suit, action or proceeding in connection with or arising out of the Guarantee for itself
and its respective properties, assets and revenues. The Guarantor agrees that a final unappealable judgment in any action or proceeding arising, out of or relating to this Supplemental Indenture shall be conclusive and may be enforced in any other
jurisdiction otherwise having jurisdiction over the Guarantor by suit on the judgment or in any other manner provided by law. 
  
 SECTION 6.9    SEPARABILITY. 
  
 In case any one or more of the provisions contained in this Supplemental Indenture shall for any reason be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Supplemental Indenture, and this Supplemental Indenture shall be construed as if such invalid or illegal
or unenforceable provisions had never been contained herein. 
  
 SECTION 6.10    COUNTERPARTS. 
  
 This Supplemental Indenture may be executed in any number of counterparts each of which shall be an original, but such counterparts shall together constitute one and the same instrument. 
  

	SECTION	 	6.11    EFFECTIVENESS. 

  
 This Supplemental Indenture shall become a legally effective and binding instrument upon the execution and delivery hereof by all parties hereto.

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

	 AEGON N.V.

		
	 By:
	 	

	 Name:
	 	 
	 Title:
	 	 

  

	 TRANSAMERICA FINANCE CORPORATION

		
	 By:
	 	

	 Name:
	 	 
	 Title:
	 	 

  

	 U.S. BANK NATIONAL ASSOCIATION
  
 as Trustee

		
	 By:
	 	

	 Name:
	 	 
	 Title:
	 	 

  

 8

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