-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UV8nyyMNEor3fuHYGYc5JdStrr+t3PAIKBrVo1menaGUicfm0/K4BPHV6hjmkJU3
 IDCUF++Rm7pj8/Ofe4k5KA==

<SEC-DOCUMENT>0001341004-06-002118.txt : 20060807
<SEC-HEADER>0001341004-06-002118.hdr.sgml : 20060807
<ACCEPTANCE-DATETIME>20060807150728
ACCESSION NUMBER:		0001341004-06-002118
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		26
FILED AS OF DATE:		20060807
DATE AS OF CHANGE:		20060807
EFFECTIVENESS DATE:		20060807

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASML HOLDING NV
		CENTRAL INDEX KEY:			0000937966
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY, NEC [3559]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-136362
		FILM NUMBER:		061008672

	BUSINESS ADDRESS:	
		STREET 1:		DE RUN 6501
		CITY:			DR VELDHOVEN
		STATE:			P7
		ZIP:			5504
		BUSINESS PHONE:		31402683000

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 324
		CITY:			AH VELDHOVEN
		STATE:			P7
		ZIP:			5500

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASM LITHOGRAPHY HOLDING NV
		DATE OF NAME CHANGE:	19950215
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>s-8cover.htm
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Times New Roman"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="600" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><B><font SIZE=2>UNITED STATES</font></B></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><B><font SIZE=2>SECURITIES AND EXCHANGE COMMISSION </font></B><br> <b><font size=2>Washington, D.C. 20549</font></b></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><B><font SIZE=2>FORM S-8</font></B><br> <B><font SIZE=2>REGISTRATION STATEMENT</font></B><br> <B><font SIZE=2>UNDER</font></B><br> <B><font SIZE=2>THE SECURITIES ACT OF 1933</font></B><br> <b><font size=2>___________________________</font></b></p> </td> </tr>
    <tr >
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Holding N.V.</font></b><font size=2> </font><br> <font size=2>(Exact Name of Registrant as Specified in Its Charter)</font></p> </td> </tr>
    <tr >
        <td width="300" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="60" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="240" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="300" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:0pt'><b><font size=2>The Netherlands</font></b></p> </td>
        <td width="60" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="240" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:0pt'><b><font size=2>Not Applicable</font></b></p> </td> </tr>
    <tr >
        <td width="300" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:5.0pt'><font size=2>(State or Other Jurisdiction of Incorporation or Organization)</font></p> </td>
        <td width="60" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="240" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:5.0pt'><font size=2>(IRS Employer Identification No.)</font></p> </td> </tr>
    <tr >
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>De Run 6501</font></b><br> <b><font size=2>5504 LA Veldhoven</font></b><br> <b><font size=2>The Netherlands</font></b><br> <b><font size=2>Tel: 31-40-268-3000</font></b><br> <font size=2>(Address of Principal Executive Offices)</font><br> <font size=2>_______________________________________</font></p> </td> </tr>
    <tr >
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for options granted to Employees of ASML Holding N.V. Group Companies in Asia, EMEA and USA (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)</font></b></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for options granted to Employees of ASML Holding N.V. Group Companies in Asia, EMEA and USA (Version April 2006 &#150; Stock Options from Base Salary 2006)</font></b></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for options granted to Employees of ASML Netherlands B.V. (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)</font></b></p>
<p
style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for options granted to Employees of ASML Netherlands B.V. (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006)</font></b></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for New Hire Options granted to Members of the Board of Management (Version April 2006)</font></b></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version April 2006)</font></b></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive
Management (Version July 2006)</font></b></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version October 2006)</font></b></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version April 2006)</font></b></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version July 2006)</font></b></p>
<p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version October 2006)</font></b><br> <font
size=2>(Full Title of the Plan)</font></p> </td> </tr>
    <tr >
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>ASML US, Inc. </font></b><br> <b><font size=2>8555 South River Parkway</font></b><br> <b><font size=2>Tempe, Arizona 85284</font></b><br> <font size=2>(Name and Address of Agent For Service) </font><br> <br> <b><font size=2>480 383 4422</font></b><br> <font size=2>(Telephone Number, Including Area Code, of Agent For Service) </font>  </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>1</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="600" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><b><font size=2>Copy to: </font></b><br> <br> <b><font size=2>Richard A. Ely, Esq.</font></b><br> <b><font size=2>Skadden, Arps, Slate, Meagher &amp; Flom (UK) LLP</font></b><br> <b><font size=2>40 Bank Street</font></b><br> <b><font size=2>Canary Wharf, London E14 5DS</font></b><br> <b><font size=2>United Kingdom</font></b></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>2</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="643" style='border-collapse:collapse'>
    <tr >
        <td  colspan="12" style='border-bottom:solid black 1.0pt; '>
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><B><font SIZE=2>CALCULATION OF REGISTRATION FEE</font></B></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Title of Each Class</font><br> <font size=2>of Securities to be Registered</font></p> </td>
        <td width="12" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Amount to be</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Registered (1)</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Proposed Maximum</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Offering Price per Share</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2)</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Proposed Maximum</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Aggregate Offering Price</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top style='border-bottom: solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Amount of Registration</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fee (3)</font></p> </td> </tr>
    <tr >
        <td width="122" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Ordinary shares, nominal value EUR 0.02 per share</font></p> </td>
        <td width="12" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>1,922,000</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=2>$21.69</font></p> </td>
        <td width="58" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="86" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=2>$41,688,180</font></p> </td>
        <td width="48" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=2>$4,460.63</font></p> </td>
        <td width="58" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Options to acquire ordinary shares, nominal value EUR 0.02 per share (4)</font></p> </td>
        <td width="12" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:9.75pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>795,000</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=2>$6.77</font></p> </td>
        <td width="58" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="86" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=2>$5,382,150</font></p> </td>
        <td width="48" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=2>$575.89</font></p> </td>
        <td width="58" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Total</font></p> </td>
        <td width="12" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>2,717,000</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="58" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="86" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=2>$47,070,330</font></p> </td>
        <td width="48" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="10" valign=top style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="77" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=2>$5,036.52</font></p> </td>
        <td width="58" style='border-bottom:solid black 1.0pt;  '>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:5.0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(1) </font></p> </td>
        <td width="552" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>This Registration Statement shall also cover any additional ordinary shares, nominal value Euro 0.02 per share (the &#147;Ordinary Shares&#148;) of ASML Holding N.V. which become issuable under the (i) ASML Stock Option Plan for options granted to employees of ASML Holding N.V. Group Companies in Asia, EMEA and USA (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan); (ii) ASML Stock Option Plan for options granted to Employees of ASML Holding N.V. Group Companies in Asia, EMEA and USA (Version April 2006 &#150; Stock Options from Base Salary 2006); (iii) ASML Stock Option Plan for options granted to Employees of ASML Netherlands B.V. (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan); (iv) ASML Stock Option Plan for options granted to Employees of ASML Netherlands B.V. (Version April 2006 &#150; Stock
Options from Holiday Allowance and/or Vacation/ADV-Days from 2006); (v) ASML Stock Option Plan for New Hire Options granted to Members of the Board of Management (Version April 2006); (vi) ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version April 2006); (vii) ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version July 2006); (viii) ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version October 2006); (ix) ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version April 2006); (x) ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version July 2006); and (xi) ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version October 2006) (collectively, the &#147;Plans&#148;) by reason of any share dividend, share split, recapitalization or other
similar transaction effected without the receipt of consideration which results in an increase in the number of outstanding Ordinary Shares. </font></p> </td> </tr>
    <tr >
        <td width="48" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(2)</font></p> </td>
        <td width="552" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Pursuant to Rule 457(h) under the Securities Act of 1933 (the &#147;Securities Act&#148;), the proposed maximum offering price of the Ordinary Shares being registered hereby is the price at which the options may be exercised and the proposed maximum offering price of the options being registered hereby is the price paid by employees to acquire such options.</font></p> </td> </tr>
    <tr >
        <td width="48" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(3)</font></p> </td>
        <td width="552" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>In accordance with Rule 457(p) under the Securities Act, the registration fee of $5,036.52 has been entirely offset by $5,036.52 of the $52,361 filing fee applicable to the Registration Statement on Form F-3 filed by the Registrant on February 20, 2002 (File No. 333-83266) (which filing fee was offset by $52,361 of the $127,476.74 fee paid in connection with the Registration Statement on Form F-3 filed by the Registrant on May 15, 2000 (File No. 333-11954) which Registration Statement was withdrawn on December 4, 2001 pursuant to Rule 477 of the Securities Act, which Registration Statement was withdrawn on September 1, 2005 pursuant to Rule 477 of the Securities Act of which $1,858 was applied to offset the filing fee applicable to the Registration Statement on Form S-8 filed by the Registrant on July 1, 2005 (File No. 333-126340).</font></p> </td> </tr>
    <tr >
        <td width="48" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(4)</font></p> </td>
        <td width="552" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Represents options to purchase Ordinary Shares that may be granted pursuant to the Plans.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>3</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="605" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><B><font SIZE=2>PART I</font></B><br> <br> <b><font size=2>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS </font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>All information required by Part I to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act of 1933 and the Note to Part I of Form S-8.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><B><font SIZE=2>PART II</font></B><br> <br> <B><font SIZE=2>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </font></B></p> </td> </tr>
    <tr >
        <td width="60" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Item 3.</font></b></p> </td>
        <td width="545" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Incorporation of Documents by Reference.</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>The following documents filed with or furnished to the Securities and Exchange Commission (the &#147;Commission&#148;) by ASML Holding N.V. (the &#147;Registrant&#148;) pursuant to the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) are incorporated herein by reference: </font></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(a) the Registrant&#146;s Annual Report on Form 20-F for the fiscal year ended December 31, 2005; </font></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(b) the Registrant&#146;s Report of a Foreign Private Issuer on Form 6-K furnished to the Commission on April 21, 2006; </font></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(c) the Registrant's Report of a Foreign Private Issuer on Form 6-K furnished to the Commission on July 20, 2006; and</font></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(d) the description of the Ordinary Shares, contained in the Registrant&#146;s Report of a Foreign Private Issuer on Form 6-K furnished to the Commission on June 28, 2006. </font></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>All documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, and, to the extent designated therein, certain reports on Form 6-K we submit to the Commission after the date hereof, prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents. Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that is or is deemed to be
incorporated by reference herein modifies or supersedes such previous statement. Any statement so modified or superseded shall not be deemed to constitute a part of this Registration Statement, except as so modified or superseded. </font></p> </td> </tr>
    <tr >
        <td width="60" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Item 4.</font></b></p> </td>
        <td width="545" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Description of Securities.</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Not applicable. </font></p> </td> </tr>
    <tr >
        <td width="60" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Item 5. </font></b></p> </td>
        <td width="545" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Interests of Named Experts and Counsel.</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>The legality of the securities offered hereby has been passed upon by the General Counsel of the Registrant, who participates in stock option plans of the Registrant. </font></p> </td> </tr>
    <tr >
        <td width="60" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Item 6. </font></b></p> </td>
        <td width="545" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Indemnification of Directors and Officers.</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>The articles of association of the Registrant require the Registrant to indemnify members of the supervisory board and board of management against liabilities (including legal expenses) incurred due to acts or omissions in acting in such capacity, except (i) to the extent that a court in the Netherlands irrevocably establishes that such acts or omissions are the result of willful misconduct or intentional recklessness (unless the denial of indemnification or reimbursement of expenses would be, in view of all circumstances, contrary to reasonableness and fairness), and (ii) to the extent that such losses are reimbursed by insurance. In addition, the Registrant&#146;s articles of association provide that at each ordinary annual general meeting of shareholders, the shareholders may discharge the supervisory board and the board of management from liability for
the performance of their respective duties in the preceding financial year. Under Netherlands&#146; law, this discharge is not absolute, and would not be effective as to any matter not disclosed in the annual accounts of the Registrant and the report of the board of management, as presented to or adopted by the general meeting of shareholders. Members of the board of management, the supervisory board and certain officers of the Registrant are, to a </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>4</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="605" style='border-collapse:collapse'>
    <tr >
        <td  colspan="4" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>limited extent, insured under an insurance policy against damages resulting from their conduct when acting in their capacities as such. Members of the board of management and the supervisory board of the Registrant are also party to agreements with the Registrant providing for indemnification by the Registrant in circumstances similar to those provided for in the Registrant's articles of association as described above.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Item 7. </font></b></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Exemption from Registration Claimed.</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Not applicable. </font></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Item 8.</font></b></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Exhibits.</font></b></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><u><font size=2>Exhibit No.</font></u><font size=2> </font></p> </td>
        <td width="485" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><u><font size=2>Description</font></u></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.1 </font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>English Translation of the Articles of Association of the Registrant (incorporated by reference to Exhibit 1.1 to Amendment No. 9 to the Registrant's Registration Statement on Form 8-A filed with the Commission on June 28, 2006)</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.2 </font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Specimen Certificate for New York Shares (incorporated by reference to Exhibit 1.1 to Amendment No. 4 to the Registrant's Registration Statement on Form 8-A filed with the Commission on June 6, 2000)</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.3 </font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Terms and Conditions of the ASML Stock Option Plan for options granted to Employees of ASML Holding N.V. Group Companies in Asia, EMEA and USA (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)*</font></p> </td> </tr>
 <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.4</font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Terms and Conditions of the ASML Stock Option Plan for options granted to Employees of ASML Netherlands B.V. (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006)*</font></p> </td> </tr>


    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.5</font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Terms and Conditions of the ASML Stock Option Plan for options granted to Employees of ASML Netherlands B.V. (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)*</font></p> </td> </tr>

<tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.6 </font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Terms and Conditions of the ASML Stock Option Plan for options granted to Employees of ASML Holding N.V. Group Companies in Asia, EMEA and USA (Version April 2006 &#150; Stock Options from Base Salary 2006)*</font></p> </td> </tr>



    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.7</font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for New Hire Options granted to Members of the Board of Management (Version April 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.8</font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version April 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.9</font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version July 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.10</font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version October 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.11</font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version April 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.12</font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version July 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.13</font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version October 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>5.1 </font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Opinion of Robert F. Roelofs regarding the legality of the securities being registered*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>23.1 </font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Consent of Deloitte Accountants B.V.*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>23.2 </font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Consent of Robert F. Roelofs (included in his opinion filed as Exhibit 5.1)*</font></p> </td> </tr>
    <tr>
        <td width="48" ></td>

        <td width="12" ></td>

        <td width="60" ></td>

        <td width="485" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>5</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="605" style='border-collapse:collapse'>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>24.1 </font></p> </td>
        <td width="485" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Power of Attorney (included on the signature page of this Registration Statement)*</font></p> </td> </tr>
    <tr >
        <td  colspan="4" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>* Filed herewith </font></p> </td> </tr>
    <tr >
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Item 9.</font></b></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><b><font size=2>Undertakings.</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" >
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(a) The undersigned Registrant hereby undertakes: </font></p> </td> </tr>
    <tr >
        <td  colspan="4" >
            <p style='margin-left:0pt;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom:0pt'><font size=2>(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement: </font></p> </td> </tr>
    <tr>
        <td width="48" ></td>

        <td width="12" ></td>

        <td width="60" ></td>

        <td width="485" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="605" style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td width="108" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:5.0pt'><font size=2>(i) </font></p> </td>
        <td width="449" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:5.0pt'><font size=2>to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933; </font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="108" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(ii) </font></p> </td>
        <td width="449" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the
effective Registration Statement; and </font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="108" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="48" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(iii) </font></p> </td>
        <td width="449" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement; </font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><u><font size=2>provided</font></u><font size=2>, </font><u><font size=2>however</font></u><font size=2>, that paragraphs (a)(1)(i) and (a)(1)(ii) shall not apply if the information required to be included in a post-effective amendment of this Registration Statement by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement. </font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </font><i><font size=2>bona fide</font></i><font size=2> offering thereof. </font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant&#146;s annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </font><i><font size=2>bona fide</font></i><font size=2> offering thereof. </font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:2.25pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue. </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>6</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:left;'>
</p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td  colspan="5" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><B><font SIZE=2>SIGNATURES </font></B></p> </td> </tr>
    <tr >
        <td  colspan="5" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto authorized, in the city of Veldhoven, The Netherlands on this 7<sup>th</sup> day of August, 2006. </font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'>  </p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Holding N.V. </font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="234" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>By: </font></p> </td>
        <td width="258" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>/s/ Eric Meurice </font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="234" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="258" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Eric Meurice </font><br> <font size=2>President, Chief Executive Officer and </font><br> <font size=2>Chairman of the Board of Management </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>7</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:left;'>
</p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="600" >
            <p style='margin-left:0in;text-indent:0pt;text-align:center;margin-top:5.0pt;margin-bottom:5.0pt'><B><font SIZE=2>POWER OF ATTORNEY </font></B></p> </td> </tr>
    <tr >
        <td width="600" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Each person whose signature appears below hereby authorizes Eric Meurice, Peter T.F.M Wennink and Robert F. Roelofs (with full power to each of them to act alone), with full power of substitution and resubstitution, to execute in the name and on behalf of such person any amendment (including any post-effective amendment) to this Registration Statement (or any other Registration Statement for the same offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933) and to file the same, with exhibits thereto, and any other documents in connection therewith, making such changes in this Registration Statement as the person(s) so acting deems appropriate, and appoints each of such person, each with full power of substitution and resubstitution, attorney-in-fact to sign any amendment (including any post-effective amendment) to
this Registration Statement (or any other Registration Statement for the same offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933) and to file the same with exhibits thereto, and any other documents in connection therewith. </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="600" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons, in the capacities indicated on this 7<sup>th</sup> day of August, 2006. </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="630" style='border-collapse:collapse'>
    <tr >
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 10.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 10.0pt'><u><b><font size=2>Name</font></b></u><font size=2> </font></p> </td>
        <td width="330" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 10.0pt'><u><b><font size=2>Title</font></b></u><font size=2> </font></p> </td> </tr>
    <tr style='height:16.5pt'>
        <td width="30" rowspan=2 style=' height:16.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="152" valign=bottom style='border-bottom: solid black 1.0pt; height:16.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>/s/ Eric Meurice </font></p> </td>
        <td width="118" style='height:16.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" rowspan=2 style=' height:16.5pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>President, Chief Executive Officer and Chairman of the Board of Management (Principal Executive Officer)</font></p> </td> </tr>
    <tr style='height:16.5pt'>
        <td  colspan="2" valign=top style=' height:16.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Eric Meurice</font><u></u></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:22.9pt'>
        <td width="30" rowspan=2 style=' height:22.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="152" valign=bottom style='border-bottom: solid black 1.0pt; height:22.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>/s/ Peter T.F.M. Wennink </font><u></u></p> </td>
        <td width="118" style='height:22.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" rowspan=2 style=' height:22.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Executive Vice President and Chief Financial Officer, Member of Board of Management (Principal Accounting Officer and Principal Financial Officer) </font></p> </td> </tr>
    <tr style='height:22.85pt'>
        <td  colspan="2" valign=top style=' height:22.85pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Peter T.F.M. Wennink</font><u></u></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="152" style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Henk Bodt</font></p> </td>
        <td width="118" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Chairman of the Supervisory Board </font></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:11.65pt'>
        <td width="30" rowspan=2 style=' height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="152" style='border-bottom:solid black 1.0pt;  height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>/s/ Jan A. Dekker </font></p> </td>
        <td width="118" style='height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" rowspan=2 style=' height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Member of the Supervisory Board </font></p> </td> </tr>
    <tr style='height:11.6pt'>
        <td  colspan="2" style=' height:11.6pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Jan A. Dekker</font></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:11.65pt'>
        <td width="30" rowspan=2 style=' height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="152" style='border-bottom:solid black 1.0pt;  height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>/s/ Arthur P.M. van der Poel</font></p> </td>
        <td width="118" style='height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" rowspan=2 style=' height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Member of the Supervisory Board </font></p> </td> </tr>
    <tr style='height:11.6pt'>
        <td  colspan="2" style=' height:11.6pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Arthur P.M. van der Poel</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:5pt; margin-top:5pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="630" style='border-collapse:collapse'>
    <tr >
        <td width="30" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="152" style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fritz W. Fr&#246;hlich</font></p> </td>
        <td width="118" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Member of the Supervisory Board </font></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0in;text-indent:0pt;text-align:justify;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:11.65pt'>
        <td width="30" rowspan=2 style=' height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="152" style='border-bottom:solid black 1.0pt;  height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>/s/ Jos W.B. Westerburgen </font></p> </td>
        <td width="118" style='height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" rowspan=2 style=' height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Member of the Supervisory Board </font></p> </td> </tr>
    <tr style='height:11.6pt'>
        <td  colspan="2" style=' height:11.6pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Jos W.B. Westerburgen</font><u></u></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0in;text-indent:0pt;text-align:justify;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:11.65pt'>
        <td width="30" rowspan=2 style=' height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="152" style='border-bottom:solid black 1.0pt;  height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>/s/ Ieke C.J. van den Burg </font></p> </td>
        <td width="118" style='height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" rowspan=2 style=' height:11.65pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Member of the Supervisory Board </font></p> </td> </tr>
    <tr style='height:11.6pt'>
        <td  colspan="2" style=' height:11.6pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Ieke C.J. van den Burg</font><u></u></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0in;text-indent:0pt;text-align:justify;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="152" style='border-top:solid black 1.0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>O.B. Bilous</font></p> </td>
        <td width="118" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Member of the Supervisory Board </font></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" >
            <p style='margin-left:0in;text-indent:0pt;text-align:justify;margin-top:7.0pt;margin-bottom: 7.0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="30" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.0pt'><font SIZE=2>ASML US, INC. </font></p> </td>
        <td width="330" >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:2.0pt'><font size=2>Authorized Representative in the United States </font></p> </td> </tr>
    <tr style='height:28.9pt'>
        <td width="30" rowspan=2 style=' height:28.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="152" valign=bottom style='border-bottom: solid black 1.0pt; height:28.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>/s/ Peter T.F.M. Wennink</font></p> </td>
        <td width="118" style='height:28.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="330" rowspan=2 style=' height:28.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:28.85pt'>
        <td  colspan="2" valign=top style=' height:28.85pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Peter T.F.M. Wennink</font><br> <font size=2>Authorized Officer</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>9</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="600" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><U><font SIZE=2>EXHIBIT INDEX</font></U><font size=2> </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="605" style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid; '>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><u><font size=2>Exhibit No.</font></u><font size=2> </font></p> </td>
        <td width="480" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><u><font size=2>Description</font></u></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.1 </font></p> </td>
        <td width="480" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>English Translation of the Articles of Association of the Registrant (incorporated by reference to Exhibit 1.1 to Amendment No. 9 to the Registrant's Registration Statement on Form 8-A filed with the Commission on June 28, 2006)</font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.2 </font></p> </td>
        <td width="480" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Specimen Certificate for New York Shares (incorporated by reference to Exhibit 1.1 to Amendment No. 4 to the Registrant's Registration Statement on Form 8-A filed with the Commission on June 6, 2000)</font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.3 </font></p> </td>
        <td width="480" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Terms and Conditions of the ASML Stock Option Plan for options granted to Employees of ASML Holding N.V. Group Companies in Asia, EMEA and USA (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)*</font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>


<tr style='page-break-inside:avoid'>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.4</font></p> </td>
        <td width="480" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Terms and Conditions of the ASML Stock Option Plan for options granted to Employees of ASML Netherlands B.V. (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006)*</font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>

     <tr style='page-break-inside:avoid'>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.5</font></p> </td>
        <td width="480" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Terms and Conditions of the ASML Stock Option Plan for options granted to Employees of ASML Netherlands B.V. (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)*</font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
   <tr style='page-break-inside:avoid'>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.6 </font></p> </td>
        <td width="480" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Terms and Conditions of the ASML Stock Option Plan for options granted to Employees of ASML Holding N.V. Group Companies in Asia, EMEA and USA (Version April 2006 &#150; Stock Options from Base Salary 2006)*</font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.7</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for New Hire Options granted to Members of the Board of Management (Version April 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.8</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version April 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.9</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version July 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.10</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version October 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.11</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version April 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.12</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version July 2006)*</font></p> </td> </tr>
    <tr >
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>4.13</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version October 2006)*</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>5.1 </font></p> </td>
        <td width="480" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Opinion of Robert F. Roelofs regarding the legality of the securities being registered*</font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>23.1 </font></p> </td>
        <td width="480" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Consent of Deloitte Accountants B.V.*</font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>23.2 </font></p> </td>
        <td width="480" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Consent of Robert F. Roelofs (included in his opinion filed as Exhibit 5.1)*</font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="48" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="72" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>24.1 </font></p> </td>
        <td width="480" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>Power of Attorney (included on the signature page of this Registration Statement)*</font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr style='page-break-inside:avoid; '>
        <td  colspan="3" >
            <p style='margin-left:0in;text-indent:0pt;text-align:left;margin-top:5.0pt;margin-bottom: 5.0pt'><font size=2>* Filed herewith </font></p> </td>
        <td  width="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>2
<FILENAME>asml494462.htm
<DESCRIPTION>EXHIBIT 4.3
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:RIGHT;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><b>Exhibit 4.3</B></font></p>
<BR>



<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style=' height:57.1pt'>
        <td width="150" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:57.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="150" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:57.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="150" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:57.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="188" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:57.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><img src="img1.gif"><br> <br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:.4in 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6">Terms and Conditions</font></b></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For Options granted to Employees</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">of ASML Holding N.V. Group Companies</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">in Asia, EMEA and USA</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">under the ASML Stock Option Plan</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version April 2006 &#150;</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Stock Options from Future Profit Sharing 2006</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Plan)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . . . . . . . .</font></p> </td>
        <td colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object &nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Allocation of Options.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period..&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option &nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr>
        <td width="81" ></td>

        <td width="483" ></td>

        <td width="1" ></td>

        <td width="35" ></td>

        <td width="1" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these option conditions reference is made to the following documents:</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="393" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="233" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Stock Option Plan (version 2)</font></p> </td>
        <td  width="112">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td  nowrap colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Rules of Conduct concerning Insider Information</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="653" style='border-collapse:collapse'>
    <tr >
        <td width="653" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA, EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="653" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 - Definitions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions and the agreements arising from and relating thereto the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="636" style='border-collapse:collapse'>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Allocation Date</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date of allocation of an Option, being April 21<sup>st</sup>, 2006;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Application Form</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the application form for the Plan for Employees (Salary Grades 81 through 91) of ASML Group Companies in Asia, EMEA and USA, on the basis of which Options are allocated to Employees;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at De Run 6501 in Veldhoven, the Netherlands;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from 21<sup>st</sup>, 2006 up to and including January 19<sup>th</sup>, 2007;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Allocation Date is employed with an ASML Group Company in a position with a salary grade 81 through 91, and who is on its payroll or who has been assigned abroad as an expatriate or ITA by an ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or Group Company that employs Employee on the Allocation Date;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exchange Value</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the underlying value of one Option determined on the basis of calculation method used by ASML in line with the applicable International Financial Reporting Standards and US GAAP accounting rules for share based remuneration provided to employees;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Group Company</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share against payment of the Exercise Price during the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Agent</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the organization to be designated by ASML charged with the implementation of the Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present terms and conditions for Options granted to Employees of an ASML Group Company under the ASML Stock Option Plan version April 2006, including any modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="653" style='border-collapse:collapse'>
    <tr >
        <td width="653" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA, EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="653" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="636" style='border-collapse:collapse'>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been allocated in writing and who at the time of allocating of such Option is an Employee of ASML or who has become the holder of such Option by virtue of being Employee&#146;s heir;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Plan</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the Stock Options from Future Profit Sharing 2006 for Employees (Salary Grades 81 through 91) of ASML Group Companies in Asia, EMEA (excluding The Netherlands) and USA, including the applicable Application Form and Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">termination of employment of the Employee (a) at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) under the &#147;Rule of 65&#148; without being eligible to (early) retirement payments paid by a State, Federal or private pension fund. The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, a Group Company or its legal predecessors. For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of continued employment, until the age of 65 (sixty five) years. Employee is deemed
to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, a Group Company or her legal predecessors;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EUR 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="653" style='border-collapse:collapse'>
    <tr >
        <td width="653" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA, EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="653" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="636" style='border-collapse:collapse'>
    <tr >
        <td width="161" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="48" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="427" valign=top style='padding:0in 5.75pt .2in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a wilful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably wilful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to cure such failure to
perform his or her duties. For Employees who are resident and/or work in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case in concerned it can be inferred otherwise from the text of the Option Conditions.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2 - Scope and Object</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to article IV of the Option Rules.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may rise or fall, and that ASML does not guarantee that Option Holder will derive any benefit from participating in the Plan.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nothing in these Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3 - Allocation of Options</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options shall be allocated at the request of Employee. The total number of options to be allocated to the Employee is determined by ASML on the basis of the requested amount as indicated on the Application Form by the Employee with respect to the possible gross profit sharing 2006 and the Exchange Value, whereby the total number of Options may be prorated based on the maximum number of Options available;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When submitting a request for the allocation of Options, Employee must, at Employee&#146;s sole discretion, relinquish an amount up to a maximum of 6% of Employee&#146;s gross annual base salary as per January 1<sup>st</sup>, 2006, being excluding any allowances or additional month(s) payment(s), that relates to the period starting on April 21<sup>st</sup>, 2006 and ending on December 31<sup>st</sup>, 2006.  Employee waives in whole or in part the rights to the amount of the possible profit sharing 2006 with respect to the period starting on April 21<sup>st</sup>, 2006 and ending on December 31<sup>st</sup>, 2006, which entitlement cannot be determined prior to January 17<sup>th</sup>, 2007. The number of Options to be allocated shall depend on the amount as mentioned in article 3.1 of these Option Conditions and will be determined
by dividing the amount as mentioned on the Application Form by the Exchange Value on the Allocation Date, whereby fractions of will be rounded down to the nearest whole number.  If such rounding is being applied, the amount as mentioned on the Application Form will be adjusted accordingly and be set at the total Exchange Value of the Options allocated at the Allocation Date;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">To be eligible for Options a fully completed and signed Application Form must have been timely received by the Salary Administration in Veldhoven;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.4</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options shall be allocated on the basis of the Application Form and pro-rated taking into consideration the maximum available number of Options;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.5</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All Euro denominated amounts mentioned in this Article and in Article 8.1 shall be calculated by using the Euro &#150; local currency exchange rate fixing applicable to Employee on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="653" style='border-collapse:collapse'>
    <tr >
        <td width="653" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA, EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="653" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4 - Acceptance of the Options</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By handing in the Application Form on which the wish is expressed to participate in the underlying plan, Employee accepts (i) all of the Options that may be allocated, and (ii) the Option Rules and the Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee shall be informed in writing within a reasonable time following the Allocation Date with respect to the number of Options allocated and the Exercise Price;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective as from the Allocation Date an option agreement will exist between ASML and the Employee.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5 - Option Period</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, starting as from the Allocation Date and shall, therefore, end on April 20<sup>th</sup>, 2016;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period following the expiry of the Embargo Period in accordance with the provisions of article 8 of the Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period and become null and void;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in paragraph 6 of Article 8 with a maximum period of 12 (twelve) months.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 - Exercise Price</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML share on Euronext, Amsterdam (&#147;AEX&#148;) in the Netherlands on the Allocation Date. For United States residents (other than through being assigned to the United States as an Employee) or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#150; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7 - Transferability of the Option</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not affect the Option;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext Amsterdam, The Netherlands , NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of an Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="653" style='border-collapse:collapse'>
    <tr >
        <td width="653" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA, EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="653" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8 - Exercise of the Option</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised in full following the expiration of the Embargo Period if the actual level of the profit sharing 2006 relating to the period starting on April 21<sup>st</sup>, 2006 and ending on December 31<sup>st</sup>, 2006 which would have been paid to the Option Holder is at least equal to the total Exchange Value of the Options allocated. Where the actual level of the profit sharing 2006 relating to the period starting on April 21<sup>st</sup>, 2006 and ending on December 31<sup>st</sup>, 2006 for the Option Holder is less than the total Exchange Value of the Options allocated on the Allocation Date, only a pro-rated part of the allocated Options will become exercisable, whereby the number of Options that will become exercisable is equal to the individualised amount of the profit sharing 2006 related to the
period starting on April 21<sup>st</sup>, 2006 and ending on December 31<sup>st</sup>, 2006 divided by the Exchange Value as determined on the Allocation Date, whereby fractions of will be rounded down to the nearest whole number.  The Options allocated that will not become exercisable in accordance with the provisions of this paragraph will lapse on the last day of the Embargo Period. The Employee will not be entitled to any compensation from the Employer or any Group Company as a result of the lapse of the Options;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, in accordance with article 8.1 of the Option Conditions, part of the Options allocated will not become exercisable following the expiry of the Embargo Period, ASML will inform the Option Holder in writing ultimately on the last day of the Embargo Period;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By means of a written request by Option Holder to Employer, Option Holder may exercise all or part of the Options, provided approval of such request to exercise is given by Employer and exercise is not in conflict with other provisions of this Article;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request to exercise Options during the Embargo Period shall not be honoured by Employer;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct concerning Insider Information&#148;, as in force at the time of exercising;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired. In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Article 5.1, the Option Period will effectively be prolonged beyond the period as defined in Article 5.1;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) Retirement or (ii) occupational disability (within the meaning of the Dutch Act on Work and Income based on Employment Capacity [Wet Werk en Inkomen naar Arbeidsvermogen]), the Options may be exercised during the entire Option Period, after the Embargo Period has expired, if such exercise would not be in breach with the other provisions of this article 8;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment has been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Employee being entitled to any compensation in this respect from Employer or any Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer during the period starting on the Allocation Date and ending on December 31<sup>st</sup>, 2006, for reasons other </font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:8pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="653" style='border-collapse:collapse'>
    <tr >
        <td width="653" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA, EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="653" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; margin-left:0.5in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">than those mentioned in paragraphs 6, 7 and 8 of this article 8, the Options shall lapse and the Employee would only be entitled to, in whole or in part, the original rights with respect to the profit sharing 2006 that he/she has been entitled to prior to participating in the Plan;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.10</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer after December 31<sup>st</sup>, 2006, for reasons other than those mentioned in paragraphs 6, 7 and 8 of this article 8, the Options may be exercised during the Option Period, provided such exercise is not in conflict with the provisions of paragraphs 1 through 5, and paragraph 11 of this Article. If the Options are not exercised within the Option Period, the Options shall lapse without Employee being entitled to any compensation from the Employer or any Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.11</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11 of these Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.12</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option shall take place in conformity with the applicable &#147;Procedure for the exercise of ASML Options&#148;.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9 - Dilution of Capital</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of (i) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Board of Management shall then decide;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Board of Management referred to in Article 9.1 shall be binding after an independent accountant who is a member of the Netherlands Institute for Registered Accountants [Nederlands Instituut voor Register Accountants] has issued a certificate stating that the adjustments have been determined in a reasonable manner. Adjustment of the Exercise Price and/or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Any tax and/or social insurance consequences resulting from the above shall be for the account of Option Holder;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the determination of such adjustment shall be provided to the Option Holder in writing as soon as possible.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10 - Taxes and Costs</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes levied and social security premiums, social insurance and premiums medical insurance due as a result of the allocation and/or possession and/or exercise of Options by Option Holder, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All possible consequences for pension, including early retirement, and/or social security and/or social insurance benefits and/or income level dependent regulations as a result of the waiver of specific remuneration elements and of Options allocated under this plan, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be liable for all the costs relating to the exercise of Options, including but not limited to costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.4</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="653" style='border-collapse:collapse'>
    <tr >
        <td width="653" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA, EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="653" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11 - Prevention of Insider Trading</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who by returning the Application Form accepts the Option Conditions, shall at the same time, be deemed to accept the applicable &#147;ASML Rules of Conduct concerning Insider Information&#148; and to act accordingly.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12 - Notices</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of Option Holder as recorded in the Staff Records Department of ASML or the Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Option Administrator.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13 - Disputes</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents related to the Option Rules and/or the Option Conditions shall be governed by the laws of The Netherlands;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents related to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of &#145;s-Hertogenbosch.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14 - Amendments</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Board of Management shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed as soon as possible in writing of any amendments or measures as referred to in this Article.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="653" style='border-collapse:collapse'>
    <tr >
        <td width="653" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA, EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan)</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="653" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>img1.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img1.gif
M1TE&.#EAO`!#`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'_
M"TU33T9&24-%.2XP%P````MM<T]035-/1D9)0T4Y+C!"/*3U`"'_"TU33T9&
M24-%.2XP%0````EP2%ES````0````$``8D-C6P`A_PM-4T]&1DE#13DN,!@`
M```,8VU04$I#;7`P-S$R`````T@`<[P`(?D$`0`````L`````+P`0P"'````
M```````S``!F``"9``#,``#_`#,``#,S`#-F`#.9`#/,`#/_`&8``&8S`&9F
M`&:9`&;,`&;_`)D``)DS`)EF`)F9`)G,`)G_`,P``,PS`,QF`,R9`,S,`,S_
M`/\``/\S`/]F`/^9`/_,`/__,P``,P`S,P!F,P"9,P#,,P#_,S,`,S,S,S-F
M,S.9,S/,,S/_,V8`,V8S,V9F,V:9,V;,,V;_,YD`,YDS,YEF,YF9,YG,,YG_
M,\P`,\PS,\QF,\R9,\S,,\S_,_\`,_\S,_]F,_^9,__,,___9@``9@`S9@!F
M9@"99@#,9@#_9C,`9C,S9C-F9C.99C/,9C/_9F8`9F8S9F9F9F:99F;,9F;_
M9ID`9IDS9IEF9IF99IG,9IG_9LP`9LPS9LQF9LR99LS,9LS_9O\`9O\S9O]F
M9O^99O_,9O__F0``F0`SF0!FF0"9F0#,F0#_F3,`F3,SF3-FF3.9F3/,F3/_
MF68`F68SF69FF6:9F6;,F6;_F9D`F9DSF9EFF9F9F9G,F9G_F<P`F<PSF<QF
MF<R9F<S,F<S_F?\`F?\SF?]FF?^9F?_,F?__S```S``SS`!FS`"9S`#,S`#_
MS#,`S#,SS#-FS#.9S#/,S#/_S&8`S&8SS&9FS&:9S&;,S&;_S)D`S)DSS)EF
MS)F9S)G,S)G_S,P`S,PSS,QFS,R9S,S,S,S_S/\`S/\SS/]FS/^9S/_,S/__
M_P``_P`S_P!F_P"9_P#,_P#__S,`_S,S_S-F_S.9_S/,_S/__V8`_V8S_V9F
M_V:9_V;,_V;__YD`_YDS_YEF_YF9_YG,_YG__\P`_\PS_\QF_\R9_\S,_\S_
M__\`__\S__]F__^9___,____`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#
M`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#
M`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#
M"/\``0@<2+"@P8,($RI<R+"APX<0(TJ<2+&BQ8L8,VK<R+&CQX\@0Q;$1K*D
MR9,H4ZI<R;*ERY<P8\J<2?,EP9HX<^K<R;.G3Y,W?PH=2K2H491!CRI=RK1I
MRJ1.HTJ=NA,JU:M8LR(=J+6KUZM6OXH=.S0LV;-H:YK%2>MD*U>MTLIMNI8G
MK4%7!LW=>[0N3E?8X+;`THI67+Z(??K].VAP*[R#`">>G'.QS+:"O;1JU4)0
MX<.40\>T?#G1#,*)'"?**UFT:Y:D8;JB-7@0;2RVK^`._+KW4ZX^737&(ORT
M<-VN$L'US9QD[)/7L$4W.0@+\>K7K0O7#AJTT;8LNZ?_]%Z2/,G6)J>?1-^R
M-7CI.)^WQ/[8^F;[]%WIGSO[K7_>,+W'DC0E"9B2@3K)MU(K6%RQ778.8B=<
M8YL5-4AU&`HRB&;FN>6*(%]8-]B(]H$V"S;W#2)((EY@J%EKF[6HH8P;#D*>
MAAKBQF&"P/'T%GVM7''%?815YYA1KF#1PH@NM####!V6AYT+5%;I`A94'EF>
MB$W2L.226)QD9),S.&DF>8VUX(*7@[$WDX(HP=C@=A%J)P@6,]A8WE"/C4A#
M`DIB(4A)ZI'4IY=8TN!"%B[4L&@+7NYGZ'`D0JHEBMC,X.6F).IE$H-^7JI6
MCS15^&ER#;:2"'ZZO?5IE']A_[EFE8I&EI)P:D)*@Z)64HDH>;(J*BR5Q'V:
MZ*S#>EI2DE9JQZ-`-0'6*C;OM>)%G1!B2E);@L)*DY%8,LKHKH0NZXJ:5WZ)
M!0WK!CI8F-NBV)BB6-9;F[F07IFNDE>ZI22C]7KK$IQPM7**J"C"Q>J0;FTV
M;4^-^3KKN(FD-(B5-,R@F6'Z;0?E>K)*;*6RV`S"ZZQKUHN>*[SRB@6",CU'
M8%M7>,:9=8:5=^>#VF):\V:=@>;F2](JJ2@A$[>@IWJM9)&OEYZ5=.*D<;56
MW9J#L9NO=>5],=B:-'B=:`N210>JL$?";!.I+R5R'X=7B/JC?289INK/01*V
MTZJ68O^1R!?-NADLE5XLB-+%PM*0Q;I5ZDU2L&&'V#C)29Z\Z]"CL<V2M)ZY
MHG%A@@C)FUX,$O<68/H):F,4N'$6M=HKM74HI"][,?9NGU)*KUZ8ET3@NI8.
M\L5P6%,K;[Y9#**(UDJZO66HCL>GN4H%YTWDC\B5OIG"@MC]6*O:!ZD93@R6
MZ65DK>R:I:W4+3FLXLN%-W;8R;U_&"TAFVXTL29Y[JN:+WL6``QGDE:=ZT7O
M>M"'D%,=!UDK3S;J3`1;)#Z!U2TPKK`=B2H&*J?1X`K&,]2YP+2O*^&&=,LZ
MS]>\I!S:T$MI@`&5DO0$O$!U9W^_$N!+-G,SAQ&F?$6RSZK_=//#[01M53\\
MS?5F8B27@<<+_XO>>=*$,EHM*4_D6=7D:,&LQIV'5KR+6,I:4SED%:LRTR,)
M@4AB0*6]93`5DU!U!J4DLEDK0HVY$&>\X+;3V&A(%GQ>H%Q`B*J="U%N=(ON
MH#<B/4W*3S.@!;?L%34-8FD_X+J7H<*UKT"NA#0]#*422\:=!['JA^$KD7TD
M!9/4J(E7D;'1U81UQO[5QU)-$EDB'U>E(^'*9:G3UQE;H:DJ5>P\+2,6[-8&
MK<T%YF!\>.,/$W@GO<AQ3D;2$&>2=[,(.A)`T('/X_[$27LEZ5BX<PN*2M>W
M1J5K.3)\5TDRZ3=L^`E>*'(7US;Y_[5_>5(ES[&>0.,&2(45$2^#DJ&JKN3#
MT\T$5!+CE6,N-C*2C8=!EFO2H`(3,AB>9W`V,II'>8FU,[+L9,Y"8S/;L\Z@
MG4MOH1M46ZPIJ)[U28\:BZ"I>A:>>7V-6+3#!M]$^DV5O$5$]4K`^.BI+&OU
M+7F=DA*)9E"2H?8--(6"B8*(.4V]N6J*)5J90)7X59DP"UW\,I.G^,6F6JY$
M.(I"UVE((L;+F02*59)<EM`C")0>QG/F`],R!Y;&E!`H,T"[$#CO1)P[);0\
M7/WC3ELSM970TP4AJH[S^I0H0*$P+J!IRR0K14.1CN^11E/<52%;J>58-5`<
MQ!1H>X8Y./^A2$C^00]]\()*MQCPGV)"5Y5X=Q(M6LD+@+D+;I33'R/^+T\<
MU9<+"F>21+P/9?C<Y,B0^<I9A4@07@"O8P6Q1M@4-CR<J1#JL'$G;'VHIMT)
MTC>9]A+K["N2!V)<#48DF3K6"ZDDPEK'A+G+;;737D6UIZ*<%C49ZLM+31*I
M#0F[4IK$;Y[X.24/O;/34M5K?4,3C@M>`,9\/LV*NPJ9K:Y&+(MF$%TH=3&_
MB(6Z9`Y+9"ECY@!]PMCW9J>Q)2I0361'J4`I*SKE-5FC@O?&33W*78C4$V<M
MQ5-L>(&<3&I!E6MXKWBBLV^6ZC!`SRL3WG[OQ\=!)7"I5T=BN17_9"]LTYB$
MFZL(XZ8U;6[3X<J4*T2QYRZ6<E+5&O2E7/9YM13>\4X8Y-YK7H=":T;)8SQS
M(?25BR1F<\7P/*/-A+7(O@VRG7"X:+P8J2@1&W4+JA-1:<62I+*/&02JI=P*
MS]!(0S;"-:IOM94*ZV0SN\UPD>(6-9ZTIKPN@5'=9+<?@?4N7N=IR7O<DT)H
M@U.K9)9)Z1:(YO8FV"E9Q72UP5G9$T5'/8.]C+1Y8EO+U@<UJOQA<YC3[@5!
M.H\WC?11PHV-RD:GLN+FMUV84N^5E,@Q/9QW<PI^$LS`)34:2LTWWR/PF*@G
M&A87YZ4WCA)^>YSC*0&X41A./?`A3.&O5B'Y>.#2F&*CG-[9U@G=GOURQ*@<
M)8>]L+YK_I6;\_SG)?%YG("^\)@3_>CF];531([TLPB]Z0I_.M2+KO2I6_TW
75;^ZUITCDJY[_>M@#[O8QT[VK@<$`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>4
<FILENAME>asml494461.htm
<DESCRIPTION>EXHIBIT 4.4
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:RIGHT;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><b>Exhibit 4.4</B></font></p>
<BR>

<table border="0" cellspacing=0 cellpadding=0 width="679" style='border-collapse:collapse; '>
    <tr >
        <td width="154" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="154" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="184" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="188" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><img src="img1.jpg"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:.4in 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6"><B>Terms and Conditions</B> </FONT></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For Options granted to Employees</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">of ASML Netherlands B.V.</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">under the ASML Stock Option Plan</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version April 2006 &#150;</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Stock Options from Holiday Allowance and/or</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Vacation/ADV-Days from 2006)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . . . . . . . . .</font></p> </td>
        <td colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object. &nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Allocation of Options&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp; .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="35" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr>
        <td width="81" ></td>

        <td width="483" ></td>

        <td width="1" ></td>

        <td width="35" ></td>

        <td width="1" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc2"></a>Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these option conditions reference is made to the following documents:</font></p>

<p style=' margin-bottom:3pt; margin-top:3pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">- ASML Stock Option Plan (version 2)</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">- ASML Rules of Conduct concerning Insider Information</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc3"></a></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="699" style='border-collapse:collapse'>
    <tr >
        <td width="699" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V. </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006) </font></p> </td> </tr>
    <tr >
        <td width="699" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
<b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 - Definitions</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions and the agreements arising from and relating thereto the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Allocation Date </font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date of allocation of an Option, being April 21<sup>st</sup>, 2006;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Application Form </font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the application form for the Plan for Employees (Salary Grades 81 through 91) of ASML Netherlands B.V. in the Netherlands, on the basis of which Options are allocated to Employees;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML </font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at De Run 6501 in Veldhoven, The Netherlands; </font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from April 21<sup>st</sup>, 2006 up to and including April 20<sup>th</sup>, 2007;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Allocation Date is employed under an employment agreement with ASML Netherlands B.V. in a position with a job grade 81 through 91, and who is on its payroll or who has been assigned abroad as an expatriate or ITA by ASML Netherlands B.V.;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or Group Company that employs Employee on the Allocation Date;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exchange Value</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the underlying value of one Option determined on the basis of calculation method used by ASML in line with the applicable International Financial Reporting Standards and US GAAP accounting rules for share based remuneration provided to employees;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Group Company</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share against payment of the Exercise Price during the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Agent</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the organization to be designated by ASML charged with the implementation of the Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present terms and conditions for Options granted to Employees of ASML Netherlands B.V. under the ASML Stock Option Plan version April 2006, including any modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="699" style='border-collapse:collapse'>
    <tr >
        <td width="699" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V. </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006) </font></p> </td> </tr>
    <tr >
        <td width="699" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been allocated in writing and who at the time of allocating of such Option is an Employee under an employment agreement with ASML or who has become the holder of such Option by virtue of being Employee&#146;s heir;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Plan</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the Stock Options from Holiday Allowance and/or Vacation/ADV-days 2006 Plan for Employees (Salary Grades 81 through 91) of ASML Netherlands B.V. in the Netherlands, including the appropriate Application Form and Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">retirement for these Option Conditions is defined as (a) leaving the employment of Employer at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) leaving the employment of Employer under the &#147;Rule of 65&#148; without being eligible to (early) retirement payments paid by a State, Federal or private pension fund.  The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, a Group Company or its legal predecessors. For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of
continued employment, until the age of 65 (sixty five) years. Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, a Group Company or her legal predecessors;</font></p> </td> </tr>
    <tr >
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EURO 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="699" style='border-collapse:collapse'>
    <tr >
        <td width="699" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V. </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006) </font></p> </td> </tr>
    <tr >
        <td width="699" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a willful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably willful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to cure such failure to
perform his or her duties. For Employees who are resident and/or working in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr>
    <tr style='height:2.9pt'>
        <td width="161" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:2.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="24" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:2.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="432" valign=top style='padding:0in 5.75pt .1in 5.75pt; height:2.9pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case in concerned it can be inferred otherwise from the text of the Option Conditions.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc4"></a>Article 2 - Scope and Object</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to article IV of the Option Rules.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may rise or fall, and that ASML does not guarantee that Option Holder will derive any benefit from participating in the Plan.</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nothing in these Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc5"></a>Article 3 - Allocation of Options</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options shall be allocated at the request of Employee. The total number of Options allocated to Employee will be determined by ASML on the basis of the gross value of the requested holiday allowance percentage 2006 and/or the requested number of vacation days/ADV-days 2006 for which Employee enrolled on the Application Form divided by the Exchange Value, where a possible pro-ration will be applied resulting from the maximum available Options for the Plan;</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="699" style='border-collapse:collapse'>
    <tr >
        <td width="699" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V. </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006) </font></p> </td> </tr>
    <tr >
        <td width="699" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When submitting a request for the allocation of Options Employee waives the right to the gross value as mentioned on the Application Form of the requested holiday allowance percentage 2006 and/or the requested number of vacation/ADV-days, which at most equals 8% of his gross annual base salary as per January 1<sup>st</sup>, 2006, excluding holiday allowance or 13<sup>th</sup> month payment. Employee thus waives the right to his full or part gross holiday allowance percentage 2006 and/or gross value of the requested number of vacation/ADV-days 2006, where in case of a lack of future rights to vacation/ADV-days 2006 the remaining value will be deducted from his holiday allowance 2006. The number of Options to be allocated is dependent on aforementioned gross value and Section 1 of Article 3 of the Option Conditions and will be
calculated by dividing the gross value as mentioned on the Application Form of requested holiday allowance percentage 2006 and/or requested number of vacation/ADV-days 2006 by the Exchange Value on the Allocation Date, where a fraction will be rounded down to the nearest whole number. In case of such rounding, the gross value on the Application Form of the requested holiday allowance percentage 2006 and/or requested number of vacation/ADV-days 2006 will be revised and will be determined to equal the amount of total Exchange Value of the allocated Options on the Allocation Date.</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If Employee works in duty rosters which, measured on an annual base, have fewer than 40 working hours per week on average, Employee may request the use of gross base salary for the allocation of Options instead of ADV-days. In doing so Employee will observe the maximum percentage mentioned in this Article;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.4</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">To be eligible for Options a fully completed and signed Application Form must have been duly received by the Stock Option/Salary Administration in Veldhoven, The Netherlands;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.5</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options shall be allocated on the basis of the Application Form taking into account the maximum number of Options available.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc6"></a>Article 4 - Acceptance of the Options</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By submitting the Application Form on which the wish is expressed to participate in the underlying plan, Employee accepts (i) all of the Options that may be allocated, and (ii) the Option Rules and the Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee shall be informed within a reasonable term in writing of the number of Options allocated;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective from the Allocation Date an option agreement will come into existence.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc7"></a>Article 5 - Option Period</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, counting from the Allocation Date and shall thus end on April 20<sup>th</sup>, 2016;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period after the Embargo Period has ended as determined in Article 8 of these Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period and become null and void;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of Sections 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in Section 6 of Article 8 of these Option Conditions by a maximum period of 12 (twelve) months.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="699" style='border-collapse:collapse'>
    <tr >
        <td width="699" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V. </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006) </font></p> </td> </tr>
    <tr >
        <td width="699" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:8pt; margin-left:0.5in; text-indent:-0.5in;text-align:left;'>
<FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc8"></a></font><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 - Exercise Price</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML share on Euronext, Amsterdam (&#147;AEX&#148;) in the Netherlands on the Allocation Date. For United States residents (other than through being assigned to the United States as an Employee) or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#150; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc9"></a>Article 7 - Transferability of the Option</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not vitiate the Option;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext Amsterdam, the Netherlands, NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of an Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc10"></a>Article 8 - Exercise of the Option</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All Options allocated to Option Holder will become exercisable after the Embargo Period ends.</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By means of a written request by Option Holder to Employer, Option Holder may exercise all or part of the Options, provided approval of such request to exercise is given by Employer and exercise is not in conflict with other provisions of this Article;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request to exercise Options during the Embargo Period shall not be honoured by Employer;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct concerning Insider Information&#148;, as in force at the time of exercising;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired. In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Section 1 of Article 5 the Option Period will effectively be prolonged beyond the period as defined in Section 1 of
Article 5;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) Retirement, including early retirement (SVM and SUM) or (ii) occupational disability (within the meaning of the Dutch Act on Work and Income relative to Ability to Work [</font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Wet Werk en Inkomen naar Arbeidsvermogen</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">]), the Options may be exercised during the entire Option Period, after the Embargo Period has expired provided such exercise is not in conflict with the provisions of Sections 1 through 4, and Section 8 of this Article;</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="699" style='border-collapse:collapse'>
    <tr >
        <td width="699" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V. </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006) </font></p> </td> </tr>
    <tr >
        <td width="699" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment has been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Employee being entitled to any compensation in this respect from Employer or another Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship, during or after the Embargo Period, between Employee and Employer for reasons other than those mentioned in Sections 5, 6 and 7 of Article 8, the Options may be exercised during the Option Period, provided such exercise is not in conflict with the provisions of Sections 1 through 4, and Section 9 of this Article. If the Options are not exercised within the Option Period, the Options shall lapse. All Options that have thus become null and void will do so without Employee being entitled to any compensation in this respect from Employer or another Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11 of these Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.10</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option shall take place in conformity with the applicable &#147;Procedure for the exercise of ASML Options&#148;.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc11"></a>Article 9 - Dilution of Capital</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of (i) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Board of Management of ASML shall then decide;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Board of Management referred to in Article 9.1 shall be binding after an independent accountant who is a member of the Netherlands Institute for Registered Accountants [</font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nederlands Instituut voor Register Accountants</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">] has issued a certificate stating that the adjustments have been determined in a reasonable manner.  Adjustment of the Exercise Price and/or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Possible consequences of such adjustments for the levy of tax, social security premiums, social insurance premiums, medical insurance premiums and income level dependent regulations, shall be entirely for the account of Option Holder;
</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the computation upon which the same are based shall be notified as soon as possible to Option Holder in writing.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc12"></a>Article 10 - Taxes and Costs</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes levied and social security premiums, social insurance and premiums medical insurance due as a result of the allocation and/or possession and/or exercise of Options by Option Holder, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All possible consequences for pension, including early retirement, and/or social security and/or social insurance benefits and/or income level dependent regulations as a result of the waiver of specific remuneration elements and of Options allocated under this plan, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder;</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="699" style='border-collapse:collapse'>
    <tr >
        <td width="699" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V. </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006) </font></p> </td> </tr>
    <tr >
        <td width="699" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be liable for all the costs relating to the exercise of Options, including - but not limited to - costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.4</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc13"></a>Article 11 - Prevention of Insider Trading</font></b></p>

<p style=' margin-bottom:0pt; margin-top:8pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who by returning the Application Form accepts the Option Conditions, shall at the same time, be deemed to accept the applicable "ASML Rules of Conduct concerning Insider Information" and to act accordingly.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc14"></a>Article 12 - Notices</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of Option Holder as recorded in the Staff Records Department of ASML or the Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Option Administrator.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc15"></a>Article 13 - Disputes</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents related to the Option Rules and/or the Option Conditions shall be governed by the laws of the Netherlands;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents related to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of &#145;s-Hertogenbosch.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><a name="toc16"></a>Article 14 - Amendments</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Board of Management shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="48" valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td  valign=top style='padding:8.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed of any amendments or measures as referred to in this Article in good time, in writing.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="699" style='border-collapse:collapse'>
    <tr >
        <td width="699" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V. </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006) </font></p> </td> </tr>
    <tr >
        <td width="699" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0in;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:3.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 9</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>img1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img1.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+#`Q-#0T'R<Y/3@R/"XS-#+_
MVP!#`0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P``1"``\`*T#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#WZBBB@`HH
MKF_$WB;^S,V%AY4FIO&9"9&Q':QCK+*>RCL.I/%5&+D[(3=CI**Y+POXH6Z6
M&PO99&F>/?;S3+MDN(QP974#$88GY0>2*ZVB<'%V8)W"BBBI&%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!116)XAU[^QXH8H8A+>W.1;Q.2BR,,$H'Q
M@,1G:#U(IQBY.R`MWFLV%C?6ME<W'E2W3&.(D?+O`SM)Z`D'@'K7GNN:#<Z3
M<LC@74,TGG^9<,=DT@&3-=/@`1Q_PQCK6:\AO79I#]L^V'RLS?N_MA7_`)8R
M_P#/*Y3^%N,XK537[^30'M)8XM2M;?\`?":]CQYD<9^>&;M',IQ@GAL#UKLA
M3=/;Y_U_7^6;=S,@MYKV[B@MHWO+JY87$:7`P;AATNK@?PQ+_P`LX^_%>E0Z
MA!HZ:=INI:B9[R;]T)W3:)),9P<<*3V'?%<+X=\0K96MU?V,(F-_*4@^UMBX
MNIUP6\QQ\J':<(G?'O69)(][*TC$7C7A\K,P\L7NW_EA*/\`EE<I_"W&<"JG
M!S=GLOZ_K^K"=CV6BN.\':_<7.W3YS/=1`-Y%XR8==OWHIQ_#(OKT;K78UQ3
M@X.S+3N%>':O\3O$=IK-];V=[;RVT,[I&[6XR5!QFO5O%^L#0O"M_?!L2K&4
MB_WVX7]3G\*\;\$^'XM7T?Q#--)&)/LODP;V`)D^_D?]\@?C77A81Y7.:NB)
MMWLCU7X?^)9_$WAS[3>,AO(96BEV+M![@X[<$?E61X_^(<GANY73--BCDOB@
M>22096('IQW)ZURGP=U4VWB"ZTQR0EY#O4'^^G_UB?RI/BQX<OHO$,FLQP22
MV5Q&H>1`3Y;*,8;T!`!S5JC!8AQEMT%S/DNBI#XL^(EU#]NMS?2V_7?'9`IC
M_OFO3/A[KNJ^(?#[WNJB+<)FCC:--I8#&21]<C\*X3P]\7IK"SM[+4M.6>*%
M!&);=MK;1P,J>#Q[BO3]+US2KWP_)JVFLAM`KRN`NTJPY8,.Q]:G$II6<$O-
M#AZGE6O?$GQ)IWB#4+*UO+=X+>=HT9K=<D`UWOPY\37GB;0IYM0='NH;@HQ1
M-HVX!''YUX]X=TY_$6H:Q(XW.MC<7/\`P/J/U-=1\(-66RN-9AD;$?V477_?
M&<_H:VKT8>S:BM58F,G?4JZE\3_$UKJMY;V][;20Q3O'&YMQEE#$`UZ3X`\0
M77B7PP+N]=#=),\3LB[1QR./H17BNC:6=4TGQ%?;"?LML)5]B9`?Y`UWWP6O
M`8=6L2>0R3*/J"#_`"%+$TH*F^5:JP0;OJ4(/B%XE'C--)DNK=[<7_V=C]G`
M++OV_GBO9:^<T_Y*>/\`L+_^U:^C*PQ<(QY;*VA4&W<****XS0*J:GIEGK&G
MRV-]")8)!R#U![$'L1V-6Z*:;3N@/,+CPSJ:ZP^G31?:S.H#7$@/E7T*D<2D
M?<G3.5<=<5=\21:7I=A'I"*E]J?RW,TUTV$54&!-<D8#`#&`?O$"O0CR",X]
MZ\MUO0+C2+IO,*W,,CF<37))C=P,M/=-@#:F<)&.":ZJ=3G>O0AJQ;T(:/JT
MEQ::M;L\]_;KF67*O/$OW9Y$&%B))^0GYL`57N/"VIQZRVG2Q?:TN%`:XD!\
MN\A7M*1]R=!RL@ZXK-M+6?4+J*WMHGN9KAA<HET,-.W:[NO[L8_Y9Q=^*]8T
M^WFM-/@M[BZDNID7#SR`!G/<X'`JJDW3>CW_`*_K^K)*Y!I.DP:3;[$9I9W"
MB:YD`\R8@8!<@<G'&:T***XVVW=FAY)\9M8YL-&C;@9N9@/R7_V8U7\(?#&]
M-UI&MWES;BWRER;<J=^.J@]O2NYUCX>Z%KNJR:E?K<O/)M!Q,0N`,``>E=2B
MJB*B@!5&`!V%=7UCDI*%/YD<EW=GSSJ8;P?\2Y)%!6.VO!,H]8F.<?D2*]BU
MOQUH>@W\%G?R2@SP^<KI'O4*3@9QSS]*37_`>A^)-0%]J$<WGB,1DQR;00,X
MS^=5]4^&^@:NL!N%NA+#"L*RK,=Q51A0<\?I53JTJG+SWT6HE&2O8\_^(.L^
M#M6L$;1H4;4C("9HH3&-G?=P,U!X:N9]-^%WB:Y;<L5S(D$!/0L1M;'X']*[
M>V^$/AR&8/+)>W"@YV/*`#]<`&NCU3PGI.K:+#H\L+0V,+!DBMVV`8SC^=4\
M1245!7:N+E=[GGWP9T]9$UB[D7*L$MQ[CDG^E>?>=/X>U;5;5,AMD]FW;@G'
M\A7T/X?\.Z?X9L7L].218GD,C>8^XDD`=?P%8VI?#3P[JNI7%_<QW/GW#[Y-
MDQ`S]*(XJ'M).6S!P=E8YOX9:,)_`.LLR\Z@9(AQV5-H_4FN;^$EV;7QI]F8
MX^TV[QD>ZX;^AKVG1](M-"TN'3K%66WASM#-D\DDY/U-86G_``[T'2]9CU6U
M2Y2YCD,BYF)7)SGCTYJ?K$7SI]=A\KT/%[F[CL/B#/>3;O*@U-I'VC)P),G%
M>K'XO^&!SMO_`/OP/\:LW?PN\-7MY/=3)=>;-(TCXG(&2<FHO^%2^%O^>=W_
M`.!!JIU:%1+FOH)1DMCL;&[2_L+>\B1TCGC615D&&`(R,BK%-CC6*-8T&U$`
M50.P%.K@?D:A1110`5!=V=O?VS6]U"DT+$$I(H8$@Y'!]P*GHHV`S=&T2VT6
M&41-)-/.YDGN9CF25O5C[=`!P!6E113;;=V`4444@"BBB@`HHHH`****`"BB
0B@`HHHH`****`"BBB@#_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>6
<FILENAME>asml494355.htm
<DESCRIPTION>EXHIBIT 4.5
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:RIGHT;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><b>Exhibit 4.5</B></font></p>
<BR>

<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="150" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="150" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="150" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="188" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><img src="img1.jpg"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:.4in 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6">Terms and Conditions</font></b></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For Options granted to Employees</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">of ASML Netherlands B.V.</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">under the ASML Stock Option Plan</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version April 2006 &#150;</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Stock Options from Future Profit Sharing 2006</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Plan)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . . . . . . . .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object &nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Allocation of Options.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period..&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option &nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">11</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">11</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td width="484" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="34" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">11</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these option conditions reference is made to the following documents:</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="393" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="233" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Stock Option Plan (version 2)</font></p> </td>
        <td  width="112">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td  nowrap colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Rules of Conduct concerning Insider Information</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">___________________________________________________________________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Future Profit Sharing 2006 Plan)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 &#150; Definitions</font></b></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions and the agreements arising from and relating thereto the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Allocation Date</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date of allocation of an Option, being April 21<sup>st</sup>, 2006;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Application Form</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the application form for participation under the Plan for Employees (Salary Grades 81 through 91) of ASML Netherlands B.V. in The Netherlands Application Form, on the basis of which Options are allocated to Employees;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at De Run 6501 in Veldhoven, the Netherlands;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from April 21<sup>st</sup>, 2006 up to and including January 19<sup>th</sup>, 2007;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Allocation Date is employed by ASML Netherlands B.V. by virtue of an employment agreement in a position with a job grade 81 through 91, and who is on its payroll or who has been assigned abroad as an expatriate or ITA by ASML Netherlands B.V.;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or Group Company that employs Employee on the Allocation Date;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exchange Value</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the underlying value of one Option determined in accordance with the accounting rules for share based payment applicable to ASML under the International Financial Reporting Standards and US GAAP;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Group Company</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share against payment of the Exercise Price during the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Agent</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the organization to be designated by ASML charged with the implementation of the Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">___________________________________________________________________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Future Profit Sharing 2006 Plan)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present terms and conditions for Options granted to Employees of ASML Netherlands B.V. under the ASML Stock Option Plan (version April 2006), including any modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been allocated in writing and who at the time of allocating of such Option is an Employee of ASML by virtue of an employment agreement or who has become the holder of such Option by virtue of being Employee's heir;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Plan</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the Stock Options from Future Profit Sharing 2006 for Employees (Salary Grades 81 through 91) of ASML Netherlands B.V. in The Netherlands, including the applicable Application Form and Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">termination of employment of the Employee (a) at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) under the "Rule of 65" without being eligible to (early) retirement payments paid by a State, Federal or private pension fund. The "Rule of 65" determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, a Group Company or its legal predecessors. For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of continued employment, until the age of 65 (sixty five) years. Employee is deemed to retire for these
Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, a Group Company or her legal predecessors;</font></p> </td> </tr>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EUR 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam ("AEX") in the Netherlands, or the NASDAQ Stock Market ("NASDAQ"), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">___________________________________________________________________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Future Profit Sharing 2006 Plan)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="122" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="20" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="497" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a wilful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably wilful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to cure such failure to perform
his or her duties. For Employees who are resident and/or work in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr></table>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case in concerned it can be inferred otherwise from the text of the Option Conditions.</font></p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2 &#150; Scope and Object</font></b></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to article IV of the Option Rules.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may rise or fall, and that ASML does not guarantee that Option Holder will derive any benefit from participating in the Plan.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment.</font></p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3 &#150; Allocation of Options</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options shall be allocated at the request of Employee. The total number of options to be allocated to the Employee is determined by ASML on the basis of the requested amount as indicated on the Application Form by the Employee with respect to the possible gross profit sharing 2006 and the Exchange Value, whereby the total number of Options may be prorated based on the maximum number of Options available;</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">___________________________________________________________________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Future Profit Sharing 2006 Plan)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When submitting a request for the allocation of Options, Employee must, at Employee's sole discretion, relinquish an amount up to a maximum of 6% of Employee's gross annual base salary as per January 1<sup>st</sup>, 2006, being excluding holiday allowance and 13<sup>th</sup> month payment, that relates to the period starting on April 21<sup>st</sup>, 2006 and ending on December 31<sup>st</sup>, 2006. Employee waives in whole or in part the rights to the amount of the possible profit sharing 2006 with respect to the period starting on April 21<sup>st</sup>, 2006 and ending on December 31<sup>st</sup>, 2006, which entitlement cannot be determined prior to January 17<sup>th</sup>, 2007. The number of Options to be allocated shall depend on the amount as mentioned in article 3.1 of these Option Conditions and will be determined by
dividing the amount as mentioned on the Application Form by the Exchange Value on the Allocation Date, whereby fractions of will be rounded down to the nearest whole number. If such rounding is being applied, the amount as mentioned on the Application Form will be adjusted accordingly and be set at the total Exchange Value of the Options allocated at the Allocation Date;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">To be eligible for Options a fully completed and signed Application Form must have been timely received by the Salary Administration in Veldhoven;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.4</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options shall be allocated on the basis of the Application Form and pro-rated taking into consideration the maximum available number of Options.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4 &#150; Acceptance of the Options</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By handing in the Application Form on which the wish is expressed to participate in the underlying plan, Employee accepts (i) all of the Options that may be allocated, and (ii) the Option Rules and the Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee shall be informed in writing within a reasonable time following the Allocation Date with respect to the number of Options allocated and the Exercise Price;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective as from the Allocation Date an option agreement will exist between ASML and the Employee.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5 &#150; Option Period</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, starting as from the Allocation Date and shall, therefore, end on April 20<sup>th</sup>, 2016;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period following the expiry of the Embargo Period in accordance with the provisions of article 8 of the Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period and become null and void;</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">___________________________________________________________________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Future Profit Sharing 2006 Plan)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in paragraph 6 of Article 8 with a maximum period of 12 (twelve) months.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 &#150; Exercise Price</font></b></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price "cum dividend" of an ordinary ASML share on Euronext, Amsterdam ("AEX") in the Netherlands on the Allocation Date. For United States residents (other than through being assigned to the United States as an Employee) or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#151; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.;</font></p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7 &#150; Transferability of the Option</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not affect the Option;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext Amsterdam, The Netherlands , NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of an Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">___________________________________________________________________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Future Profit Sharing 2006 Plan)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8 &#150; Exercise of the Option</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised in full following the expiration of the Embargo Period if the actual level of the profit sharing 2006 relating to the period starting on April 21<sup>st</sup>, 2006 and ending on December 31<sup>st</sup>, 2006 which would have been paid to the Option Holder is at least equal to the total Exchange Value of the Options allocated.  Where the actual level of the profit sharing 2006 relating to the period starting on April 21<sup>st</sup>, 2006 and ending on December 31<sup>st</sup>, 2006 for the Option Holder is less than the total Exchange Value of the Options allocated on the Allocation Date, only a pro-rated part of the allocated Options will become exercisable, whereby the number of Options that will become exercisable is equal to the individualised amount of the profit sharing 2006 related to the
period starting on April 21<sup>st</sup>, 2006 and ending on December 31<sup>st</sup>, 2006 divided by the Exchange Value as determined on the Allocation Date, whereby fractions of will be rounded down to the nearest whole number. The Options allocated that will not become exercisable in accordance with the provisions of this paragraph will lapse on the last day of the Embargo Period.  The Employee will not be entitled to any compensation from the Employer or any Group Company as a result of the lapse of the Options;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, in accordance with article 8.1 of the Option Conditions, part of the Options allocated will not become exercisable following the expiry of the Embargo Period, ASML will inform the Option Holder in writing ultimately on the last day of the Embargo Period;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By means of a written request by Option Holder to Employer, Option Holder may exercise all or part of the Options, provided approval of such request to exercise is given by Employer and exercise is not in conflict with other provisions of this Article;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request to exercise Options during the Embargo Period shall not be honoured by Employer;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the "ASML Rules of Conduct concerning Insider Information", as in force at the time of exercising;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee's (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired. In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Article 5.1, the Option Period will effectively be prolonged beyond the period as defined in Article 5.1;</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">___________________________________________________________________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Future Profit Sharing 2006 Plan)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee's (i) Retirement or (ii) occupational disability (within the meaning of the Dutch Act on Work and Income based on Employment Capacity </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Wet Werk en Inkomen naarArbeidsvermogen]</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">), the Options may be exercised during the entire Option Period, after the Embargo Period has expired, if such exercise would not be in breach with the other provisions of this article 8;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment has been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Employee being entitled to any compensation in this respect from Employer or any Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer during the period starting on the Allocation Date and ending on December 31<sup>st</sup>, 2006, for reasons other than those mentioned in paragraphs 6, 7 and 8 of this article 8, the Options shall lapse and the Employee would only be entitled to, in whole or in part, the original rights with respect to the profit sharing 2006 that he/she has been entitled to prior to participating in the Plan;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.10</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer after December 31<sup>st</sup>, 2006, for reasons other than those mentioned in paragraphs 6, 7 and 8 of this article 8, the Options may be exercised during the Option Period, provided such exercise is not in conflict with the provisions of paragraphs 1 through 5, and paragraph 11 of this Article. If the Options are not exercised within the Option Period, the Options shall lapse without Employee being entitled to any compensation from the Employer or any Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.11</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11 of these Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.12</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option shall take place in conformity with the applicable "Procedure for the exercise of ASML Options".</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9 &#150; Dilution of Capital</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of (ii) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Board of Management shall then decide;</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">___________________________________________________________________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Future Profit Sharing 2006 Plan)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Board of Management referred to in Article 9.1 shall be binding after an independent accountant who is a member of the Netherlands Institute for Registered Accountants </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Nederlands Instituut voor Register Accountants]</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"> has issued a certificate stating that the adjustments have been determined in a reasonable manner. Adjustment of the Exercise Price and/or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Any tax and/or social insurance consequences resulting from the above shall be for the account of Option Holder;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the determination of such adjustment shall be provided to the Option Holder in writing as soon as possible.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10 &#150; Taxes and Costs</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes levied and social security premiums, social insurance and premiums medical insurance due as a result of the allocation and/or possession and/or exercise of Options by Option Holder, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All possible consequences for pension, including early retirement, and/or social security and/or social insurance benefits and/or income level dependent regulations as a result of the waiver of specific remuneration elements and of Options allocated under this plan, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be liable for all the costs relating to the exercise of Options, including but not limited to costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.4</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11 &#150; Prevention of Insider Trading</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who by returning the Application Form accepts the Option Conditions, shall at the same time, be deemed to accept the applicable "ASML Rules of Conduct concerning Insider Information" and to act accordingly.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">___________________________________________________________________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Future Profit Sharing 2006 Plan)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">10 of 11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12 &#150; Notices</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of Option Holder as recorded in the Staff Records Department of ASML or the Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Option Administrator.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13 &#150; Disputes</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents related to the Option Rules and/or the Option Conditions shall be governed by the laws of The Netherlands;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents related to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of 's-Hertogenbosch.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14 &#150; Amendments</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Board of Management shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed as soon as possible in writing of any amendments or measures as referred to in this Article.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:3pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">___________________________________________________________________________________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML NETHERLANDS B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Future Profit Sharing 2006 Plan)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">11 of 11</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>7
<FILENAME>asml494359.htm
<DESCRIPTION>EXHIBIT 4.6
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:RIGHT;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><b>Exhibit 4.6</B></font></p>

<BR>
<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style=' height:.5in'>
        <td width="150" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="150" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="150" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="188" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><img src="img1.jpg"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:.4in 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6">Terms and Conditions</font></b></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For Options granted to Employees</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">of ASML Holding N.V. Group Companies</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">in Asia, EMEA and USA</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">under the ASML Stock Option Plan</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version April 2006 &#150;</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Stock Options from Base Salary 2006 Plan)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . . . . . . . .</font></p> </td>
        <td colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object &nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Allocation of Options.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . .</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period..&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . .</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . .</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option &nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . .</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs. .&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . . . .</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;. . . . .</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="81" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;.&nbsp;. .&nbsp;.&nbsp;.&nbsp;.&nbsp;. .</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0in;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">11</font></p> </td> </tr>
    <tr>
        <td width="81" ></td>

        <td width="483" ></td>

        <td width="1" ></td>

        <td width="38" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these option conditions reference is made to the following documents:</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="393" style='border-collapse:collapse'>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="233" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Stock Option Plan (version 2)</font></p> </td>
        <td  width="112">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></td> </tr>
    <tr >
        <td width="48" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td  nowrap colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Rules of Conduct concerning Insider Information</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA,</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Base Salary 2006 Plan)</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 11</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 &#150; Definitions</font></b></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions and the agreements arising from and relating thereto the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Allocation Date</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date of allocation of an Option, being April 21<sup>st</sup>, 2006;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Application Form</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the application form for the Plan for Employees (Salary Grades 81 through 91) of ASML Group Companies in Asia, EMEA and USA, on the basis of which Options are allocated to Employees;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at De Run 6501 in Veldhoven, the Netherlands;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from April 21<sup>st</sup>, 2006 up to and including April 20<sup>th</sup> 2007;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Allocation Date is employed with an ASML Group Company in a position with a salary grade 81 through 91, and who is on its payroll or who has been assigned abroad as an expatriate or ITA by an ASML Group Company;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or Group Company that employs Employee on the Allocation Date;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exchange Value</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the underlying value of one Option determined on the basis of calculation method used by ASML in line with the applicable International Financial Reporting Standards and US GAAP accounting rules for share based remuneration provided to employees;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Group Company</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share against payment of the Exercise Price during the Option Period;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Agent</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the organization to be designated by ASML charged with the implementation of the Option Conditions;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA,</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Base Salary 2006 Plan)</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 11</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present terms and conditions for Options granted to Employees of an ASML Group Company under the ASML Stock Option Plan version April 2006, including any modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been allocated in writing and who at the time of allocating of such Option is an Employee of ASML or who has become the holder of such Option by virtue of being Employee's heir;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Plan</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the Stock Options from Base Salary 2006 Plan for Employees (Salary Grades 81 through 91) of ASML Group Companies in Asia, EMEA (excluding The Netherlands) and USA, including the appropriate Application Form and Option Conditions;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">retirement for these Option Conditions is defined as (a) leaving the employment of Employer at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) leaving the employment of Employer under the "Rule of 65" without being eligible to (early) retirement payments paid by a State, Federal or private pension fund.  The "Rule of 65" determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, a Group Company or its legal predecessors. For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of continued employment,
until the age of 65 (sixty five) years. Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, a Group Company or her legal predecessors;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA,</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Base Salary 2006 Plan)</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 11</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EUR 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam ("AEX") in the Netherlands, or the NASDAQ Stock Market ("NASDAQ"), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="121" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="30" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:37.8pt;text-indent:-37.8pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="487" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a wilful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably wilful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to cure such failure to perform
his or her duties. For Employees who are resident and/or working in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr></table>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case in concerned it can be inferred otherwise from the text of the Option Conditions.</font></p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2 &#150; Scope and Object</font></b></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to article IV of the Option Rules.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may rise or fall, and that ASML does not guarantee that Option Holder will derive any benefit from participating in the Plan.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nothing in these Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA,</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Base Salary 2006 Plan)</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 11</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3 &#150; Allocation of Options</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options shall be allocated at the written request of Employee. The total number of Options allocated to Employee shall be determined by ASML on the basis of the whole percentage up to and including 8% (eight percent) of his annual gross base salary on January 1<sup>st</sup>, 2006 converted into Euro for which Employee enrolled on the Application Form divided by the Exchange Value in Euro on the Allocation Date, where a possible pro-ration shall be applied resulting from the maximum available Options for the Plan. Annual gross base salary for the purposes of this Plan shall equal twelve times monthly gross base salary;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The number of Options to be allocated is dependent on the requested percentage of gross base salary as mentioned on the Application Form multiplied by Employee's gross base salary in Euro on January 1<sup>st</sup>, 2006 and divided by the Exchange Value in Euro on the Allocation Date, where a fraction will be rounded down to the nearest whole number;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When submitting a request for the allocation of Options Employee shall owe Employer a net amount in Euro converted on the Allocation Date into local currency applicable to Employee equal to the Exchange Value on the Allocation Date multiplied by the number of Options allocated on the Allocation Date;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.4</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Per Option granted, Employee shall pay to ASML the Exchange Value for one Option as determined on the Allocation Date in Euro converted on the Allocation Date to local currency applicable to Employee, deductible from net pay to Employee during the period May 2006 through October 2006;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.5</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of termination of employment prior to October 31<sup>st</sup>, 2006, Employee, by submitting the Application Form, authorizes ASML to deduct any balance remaining from the amount determined in Article 3.4 from any final payroll payment. In the event that such amount is insufficient to cover the remaining balance, Employee shall pay within one month after final payroll any outstanding balance by a check to ASML drawn on a bank designated by ASML;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.6</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">To be eligible for Options a fully completed and signed Application Form must have been duly received by the Stock Option/Salary Administration in Veldhoven, The Netherlands;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.7</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options shall be allocated on the basis of the Application Form taking into account the maximum number of Options available;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3.8</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All Euro denominated amounts mentioned in this Article shall be calculated by using the Euro &#151; local currency exchange rate fixing applicable to Employee on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA,</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Base Salary 2006 Plan)</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 11</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4 &#150; Acceptance of the Options</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By submitting the Application Form on which the wish is expressed to participate in the underlying plan, Employee accepts (i) all of the Options that may be allocated, and (ii) the Option Rules and the Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee shall be informed within a reasonable term in writing of the number of Options allocated;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective from the Allocation Date an option agreement will come into existence.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5 &#150; Option Period</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, counting from the Allocation Date and shall thus end on April 20<sup>th</sup>, 2016;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period after the Embargo Period has ended as determined in Article 8 of these Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period and become null and void;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of Sections 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in Section 6 of Article 8 of these Option Conditions by a maximum period of 12 (twelve) months.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 &#150; Exercise Price</font></b></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price "cum dividend" of an ordinary ASML share on Euronext, Amsterdam ("AEX") in the Netherlands on the Allocation Date. For United States residents (other than through being assigned to the United States as an Employee) or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#150; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.</font></p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7 &#150; Transferability of the Option</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not vitiate the Option;</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA,</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Base Salary 2006 Plan)</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 11</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext Amsterdam, the Netherlands , NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of an Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8 &#150; Exercise of the Option</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All Options allocated to Option Holder will become exercisable after the Embargo Period ends;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By means of a written request by Option Holder to Employer, Option Holder may exercise all or part of the Options, provided approval of such request to exercise is given by Employer and exercise is not in conflict with other provisions of this Article;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request to exercise Options during the Embargo Period shall not be honoured by Employer;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the "ASML Rules of Conduct concerning Insider Information", as in force at the time of exercising;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee's (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired. In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Section 1 of Article 5 the Option Period will effectively be prolonged beyond the period as defined in Section 1 of
Article 5;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee's (i) Retirement, including early retirement (SVM and SUM) or (ii) occupational disability (within the meaning of the Dutch Act on Work and Income relative to Ability to Work [</font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Wet Werk en Inkomen naar Arbeidsvermogen</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">], the Options may be exercised during the entire Option Period, after the Embargo Period has expired provided such exercise is not in conflict with the provisions of Sections 1 through 4, and Section 8 of this Article;</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA,</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Base Salary 2006 Plan)</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 11</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment has been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Employee being entitled to any compensation in this respect from Employer or another Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship, during or after the Embargo Period, between Employee and Employer for reasons other than those mentioned in Sections 5, 6 and 7 of Article 8, the Options may be exercised during the Option Period, provided such exercise is not in conflict with the provisions of Sections 1 through 4, and Section 9 of this Article. If the Options are not exercised within the Option Period, the Options shall lapse. All Options that have thus become null and void will do so without Employee being entitled to any compensation in this respect from Employer or another Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11 of these Option Conditions;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.10</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option shall take place in conformity with the applicable "Procedure for the exercise of ASML Options".</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9 &#150; Dilution of Capital</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of (i) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Board of Management of ASML shall then decide;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Board of Management referred to in Article 9.1 shall be binding after an independent accountant who is a member of the Netherlands Institute for Registered Accountants [</font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nederlands Instituut voor Register Accountants</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">] has issued a certificate stating that the adjustments have been determined in a reasonable manner. Adjustment of the Exercise Price and/or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Possible consequences of such adjustments for the levy of tax, social security premiums, social insurance premiums, medical insurance premiums and income level dependent regulations, shall be entirely for the account of Option Holder.
</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the computation upon which the same are based shall be notified as soon as possible to Option Holder in writing.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA,</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Base Salary 2006 Plan)</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 11</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10 &#150; Taxes and Costs</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes levied and social security premiums, social insurance and premiums medical insurance due as a result of the allocation and/or possession and/or exercise of Options by Option Holder, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All possible consequences for pension, including early retirement, and/or social security and/or social insurance benefits and/or income level dependent regulations as a result of the waiver of specific remuneration elements and of Options allocated under this plan, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be liable for all the costs relating to the exercise of Options, including - but not limited to - costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.4</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11 &#150; Prevention of Insider Trading</font></b></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who by returning the Application Form accepts the Option Conditions, shall at the same time, be deemed to accept the applicable "ASML Rules of Conduct concerning Insider Information" and to act accordingly.</font></p>

<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12 &#150; Notices</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of Option Holder as recorded in the Staff Records Department of ASML or the Group Company;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Option Administrator.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13 &#150; Disputes</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents related to the Option Rules and/or the Option Conditions shall be governed by the laws of the Netherlands;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pt;border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents related to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of 's-Hertogenbosch.</font></p> </td> </tr></table>


<p style=' margin-bottom:12pt; margin-top:18pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14 &#150; Amendments</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Board of Management shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="72" valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td  valign=top style='padding:12.0pt 0in 12.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed of any amendments or measures as referred to in this Article in good time, in writing.</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="638" valign=top style='border-top:solid black 1.0pt; padding:2.9pt 5.75pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR OPTIONS GRANTED TO EMPLOYEES OF ASML HOLDING N.V. GROUP COMPANIES IN ASIA,</font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">EMEA AND USA UNDER THE ASML STOCK OPTION PLAN (Version April 2006 &#151; Stock Options from Base Salary 2006 Plan)</font></p> </td> </tr>
    <tr >
        <td width="638" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">10 of 11</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>8
<FILENAME>ex4-7.htm
<DESCRIPTION>EXHIBIT 4.7
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exhibit 4.7</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style=' height:.5in'>
        <td width="295" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="295" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><img src="img1.gif"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6">Terms and Conditions</font></b></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For New Hire Options granted to </font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Members of the Board of Management</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">under the ASML Stock Option Plan </font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version April 2006)</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:200%;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acquisition of Options</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments</font></p> </td>
        <td width="197" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:0pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:130%;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions reference is made to the following documents:</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Stock Option Plan (version 2)</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Insider Trading Rules</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:130%;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img2.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO MEMBERS OF THE BOARD OF MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:0pt;text-align:left;'>
<b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 </font></b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&#150;</font><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"> Definitions</font></b></p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse; '>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Terms and Conditions and in related documents, the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">De Run 6501 in Veldhoven;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Group Company</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Date of Grant</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date on which the Option is granted in writing, which date is fixed at April 21st, 2006;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from April 21st, 2006 up to and including </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">April 20th, 2009;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Date of Grant is employed by ASML as a Member of the Board of Management and who is on her or an ASML Group Company&#146;s payroll on that date;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or ASML Group Company that employs Employee on the Date of Grant;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share at the end of the Option Period or the Revised Option Period against payment of the Exercise Price during the Option Period.  Options granted to United States residents or citizens will give such Option Holders the right to acquire Shares quoted on the NASDAQ while Options granted to all other Option Holders will give the right to acquire Shares quoted on the AEX;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present Terms and Conditions for New Hire Options granted to Members of the Board of Management under the ASML Stock Option Plan &#150; version April 2006,</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img3.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO MEMBERS OF THE BOARD OF MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">including any modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been granted in writing and who at the time of granting of such Option is an Employee of ASML or who has become the holder of such Option by virtue of being Employee&#146;s heir;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Revised Option Period</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the applicable Option Period for all &#150; or a part of &#150; the Options after approval by Employer of a request by Option Holder as mentioned in Article 8;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EURO 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a willful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably willful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img4.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO MEMBERS OF THE BOARD OF MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">cure such failure to perform his or her duties.  For Employees who are resident in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case concerned it can be inferred otherwise from the text of the Option Conditions.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2 &#150; Scope and Object</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to Article IV of the Option Rules.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may fluctuate, and that ASML does not guarantee that Option Holder shall derive any benefit from the Options granted under this ASML Stock Option Plan &#150; version April 2006.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nothing in these Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment. </font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3 &#150; Acquisition of Options</font></b></p>  </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0in;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>  </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee is granted Options under these Option Conditions on the Date of Grant by Employer.  The Options are granted in writing.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4 &#150; Acceptance of the Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options shall be granted under the dissolving condition that within 10 (ten) days after the Date of Grant,  Employee does not inform Employer in writing that Employee does not wish these Options to be granted to Employee;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By not rejecting the grant as described in paragraph 1 of this Article, Employee accepts all of the Options granted pursuant to these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective from the Date of Grant an Option Agreement will come into existence, unless Employee has rejected the Options as described in paragraph 1 of this Article.</font></p> </td> </tr>
    <tr>
        <td width="69" ></td>

        <td width="129" ></td>

        <td width="39" ></td>

        <td width="358" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img5.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO MEMBERS OF THE BOARD OF MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="607" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in;line-height:151.2%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5 &#150; Option Period</font></b><u></u></p>  </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, counting from the Date of Grant and shall thus end on April 20<sup>th</sup>, 2016;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in Article 8.5 by a maximum period of 12 (twelve) months.</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 &#150; Exercise Price</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML Share on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands on the Date of Grant. For United States residents or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#150; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7 &#150; Transferability of the Option</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not vitiate the Option;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext, Amsterdam, the Netherlands, NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8 &#150; Exercise of the Option</font></b></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may only be exercised on the last day of the Option Period.</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td width="539" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">At the request of Option Holder the Option Period may be shortened for all or part of the Options.  The Revised Option Period will then replace the Option Period for part or all </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img6.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO MEMBERS OF THE BOARD OF MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the Options, whichever the request may be.  On the last day of the Revised Option Period Option Holder may exercise the Options for which Option Holder has requested the Revised Option Period.  In the written request Option Holder is required to notify Employer of the requested end date of the Revised Option Period.</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request for a Revised Option Period during the Embargo Period shall not be honoured by Employer.</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised only in accordance with established ASML procedures existing at the time of exercise; </font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct concerning Insider Information&#148;, as in force at the time of exercising;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired.  In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Article 5.1, the Option Period will effectively be prolonged beyond the period as
defined in Article 5.1;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (iii) retirement or (iv) occupational disability  (within the meaning of the Dutch Disablement Benefits Act </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Wet op de Arbeidsongeschiktheids-verzekering]</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">), the Options may be exercised during the entire Option Period, after the Embargo Period has expired;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement for these Option Conditions is defined as (a) leaving the employment of Employer at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) leaving the employment of Employer under the &#147;Rule of 65&#148; without being eligible to (early) retirement payments paid by a State, Federal or private pension fund.</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, ASML Group Company or her legal predecessors.  For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of continued </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img7.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO MEMBERS OF THE BOARD OF MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">employment, until the age of 65 (sixty five) years. Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, ASML Group Company or her legal predecessors.</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment activities have been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer for reasons other than those mentioned in paragraph 6 or 7 of Article 8, without immediate re-employment of Employee by Employer or another ASML Group Company, all Options granted which are not exercised at the time of termination of the employment relationship shall lapse forthwith.  All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11.</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9 &#150; Dilution of Capital</font></b></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of  (i) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend, or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Supervisory Board shall then decide;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Supervisory Board as referred to in Article 9.1 shall be binding after an independent accountant, and member of the Netherlands Institute for Registered Accountants </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Nederlands Instituut voor Register Accountants], </font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">has issued a certificate stating that the adjustments have been determined in a reasonable manner.  Adjustment of the Exercise Price and or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Any tax and/or social insurance contributions payable as a result of the above shall be for the account of Option Holder;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img8.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO MEMBERS OF THE BOARD OF MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the computation upon which the same are based shall be notified as soon as possible to Option Holder in writing.</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10 &#150; Taxes and Costs</font></b></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes and/or social insurance contributions payable as a result of the Options allocated and/or as a result of Option being owned and/or exercised by Option Holder or Option Holder&#146;s heirs, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder or Option Holder&#146;s heirs as the case may be;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder, or Option Holder&#146;s heirs as the case may be, shall be liable for all the costs relating to the exercise of Options, including but not limited to costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11 &#150; Prevention of Insider Trading</font></b></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who, by not rejecting the Options granted as mentioned in Article 4, accepts the Option Conditions, shall at the same time, be deemed to accept the applicable "ASML Rules of Conduct concerning Insider Information" and to act accordingly.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12 &#150; Notices</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if  sent to the address of Option Holder as recorded in the Human Resources &amp; Organisation Staff Records of the ASML Group Company; </font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Stock Option Administrator.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img9.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO MEMBERS OF THE BOARD OF MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:0pt;text-align:justify;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse; '>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13 &#150; Disputes</font></b></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents relating to the Option Rules and/or the Option Conditions shall be governed by the laws of the Netherlands;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents relating to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of Eindhoven.</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14 &#150; Amendments</font></b></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Supervisory Board shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="69" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td width="527" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed of any amendments or measures as referred to in this Article in good time, in writing.    </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img10.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO MEMBERS OF THE BOARD OF MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">10 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>img10.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img10.gif
M1TE&.#EA.`("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+````0`X`@$`@`````````(6C(^IR^T/HYRTVHNSWKS[#X;B2)9+
#`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>img2.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img2.gif
M1TE&.#EA.`("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`$``0`W`@$`@`````````(6C(^IR^T/HYRTVHNSWKS[#X;B2)9*
#`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>img3.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img3.gif
M1TE&.#EA.`("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`$````V`@$`@`````````(6C(^IR^T/HYRTVHNSWKS[#X;B2)9)
#`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>img4.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img4.gif
M1TE&.#EA.`("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`$````V`@$`@`````````(6C(^IR^T/HYRTVHNSWKS[#X;B2)9)
#`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>img5.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img5.gif
M1TE&.#EA.`("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`$``0`W`@$`@`````````(6C(^IR^T/HYRTVHNSWKS[#X;B2)9*
#`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>img6.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img6.gif
M1TE&.#EA.`("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`$``0`W`@$`@`````````(6C(^IR^T/HYRTVHNSWKS[#X;B2)9*
#`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>img7.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img7.gif
M1TE&.#EA.`("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`$````V`@$`@`````````(6C(^IR^T/HYRTVHNSWKS[#X;B2)9)
#`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>img8.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img8.gif
M1TE&.#EA.`("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`$``0`W`@$`@`````````(6C(^IR^T/HYRTVHNSWKS[#X;B2)9*
#`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>img9.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img9.gif
M1TE&.#EA.`("`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`$````V`@$`@`````````(6C(^IR^T/HYRTVHNSWKS[#X;B2)9)
#`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>18
<FILENAME>asmlex4-8.htm
<DESCRIPTION>EXHIBIT 4.8
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exhibit 4.8</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="194" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="194" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="202" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><img src="img1.gif"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6">Terms and Conditions</font></b></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For Incentive or New Hire Options granted to</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Senior and Executive Management</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">under the ASML Stock Option Plan </font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version April 2006)</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:200%;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acquisition of Options</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:0pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:130%;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions reference is made to the following documents:</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Stock Option Plan (version 2)</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Insider Trading Rules</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:130%;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img2.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 &#150; Definitions</font></b></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Terms and Conditions and in related documents, the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">De Run 6501 in Veldhoven;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Group Company</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Date of Grant</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date on which the Option is granted in writing, which date is fixed at April 21<sup>st</sup>, 2006;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from April 21<sup>st</sup>, 2006 up to and including </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">April 20<sup>th</sup>, 2009;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Date of Grant is employed by ASML in job grades 92 through 95 and who is on her or an ASML Group Company&#146;s payroll on that date;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or ASML Group Company that employs Employee on the Date of Grant;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share at the end of the Option Period or the Revised Option Period against payment of the Exercise Price during the Option Period.  Options granted to United States residents or citizens will give such Option Holders the right to acquire Shares quoted on the NASDAQ while Options granted to all other Option Holders will give the right to acquire Shares quoted on the AEX;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present Terms and Conditions for Incentive or New Hire Options granted to Senior Executive Management under the ASML Stock Option Plan &#150; version April 2006, </font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img3.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">including any modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been granted in writing and who at the time of granting of such Option is an Employee of ASML or who has become the holder of such Option by virtue of being Employee&#146;s heir;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Revised Option Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the applicable Option Period for all &#150; or a part of &#150; the Options after approval by Employer of a request by Option Holder as mentioned in Article 8;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EURO 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a willful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably willful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img4.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">cure such failure to perform his or her duties.  For Employees who are resident in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case concerned it can be inferred otherwise from the text of the Option Conditions.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2 &#150; Scope and Object</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to Article IV of the Option Rules</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may fluctuate, and that ASML does not guarantee that Option Holder shall derive any benefit from the Options granted under this ASML Stock Option Plan &#150; version April 2006.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nothing in these Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment. </font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3 &#150; Acquisition of Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee is granted Options under these Option Conditions on the Date of Grant by Employer.  The Options are granted in writing.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4 &#150; Acceptance of the Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options shall be granted under the dissolving condition that within 10 (ten) days after the Date of Grant,  Employee does not inform Employer in writing that Employee does not wish these Options to be granted to Employee;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By not rejecting the grant as described in paragraph 1 of this Article, Employee accepts all of the Options granted pursuant to these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective from the Date of Grant an Option Agreement will come into existence, unless Employee has rejected the Options as described in paragraph 1 of this Article.</font></p> </td> </tr>
    <tr>
        <td width="55" ></td>

        <td width="140" ></td>

        <td width="38" ></td>

        <td width="350" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img5.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5 &#150; Option Period</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, counting from the Date of Grant and shall thus end on April 20<sup>th</sup>, 2016;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in Article 8.5 by a maximum period of 12 (twelve) months.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 &#150; Exercise Price</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML Share on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands on the Date of Grant. For United States residents or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#150; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7 &#150; Transferability of the Option</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not vitiate the Option;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext, Amsterdam, the Netherlands, NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img6.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8 &#150; Exercise of the Option </font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may only be exercised on the last day of the Option Period.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">At the request of Option Holder the Option Period may be shortened for all or part of the Options.  The Revised Option Period will then replace the Option Period for part or all the Options, whichever the request may be.  On the last day of the Revised Option Period Option Holder may exercise the Options for which Option Holder has requested the Revised Option Period.  In the written request Option Holder is required to notify Employer of the requested end date of the Revised Option Period.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request for a Revised Option Period during the Embargo Period shall not be honoured by Employer.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised only in accordance with established ASML procedures existing at the time of exercise;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct concerning Insider Information&#148;, as in force at the time of exercising;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired.  In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Article 5.1, the Option Period will effectively be prolonged beyond the period as
defined in Article 5.1;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (iii) retirement or (iv) occupational disability  (within the meaning of the Dutch Disablement Benefits Act </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Wet op de Arbeidsongeschiktheids-verzekering]</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">), the Options may be exercised during the entire Option Period, after the Embargo Period has expired;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement for these Option Conditions is defined as (a) leaving the employment of Employer at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) leaving the employment of Employer under the &#147;Rule of 65&#148; without being eligible to (early) retirement payments paid by a State, Federal or private pension fund.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img7.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, ASML Group Company or her legal predecessors.  For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of continued employment, until the age of 65 (sixty five) years. Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, ASML Group Company or her legal predecessors.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment activities have been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer for reasons other than those mentioned in paragraph 6 or 7 of Article 8, without immediate re-employment of Employee by Employer or another ASML Group Company, all Options granted which are not exercised at the time of termination of the employment relationship shall lapse forthwith.  All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9 &#150; Dilution of Capital</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of  (i) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend, or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Board of Management shall then decide;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img8.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Board of Management as referred to in Article 9.1 shall be binding after an independent accountant, and member of the Netherlands Institute for Registered Accountants </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Nederlands Instituut voor Register Accountants], </font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">has issued a certificate stating that the adjustments have been determined in a reasonable manner.  Adjustment of the Exercise Price and or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Any tax and/or social insurance contributions payable as a result of the above shall be for the account of Option Holder;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the computation upon which the same are based shall be notified as soon as possible to Option Holder in writing.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10 &#150; Taxes and Costs</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes and/or social insurance contributions payable as a result of the Options allocated and/or as a result of Option being owned and/or exercised by Option Holder or Option Holder&#146;s heirs, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder or Option Holder&#146;s heirs as the case may be;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder, or Option Holder&#146;s heirs as the case may be, shall be liable for all the costs relating to the exercise of Options, including but not limited to costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11 &#150; Prevention of Insider Trading</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who, by not rejecting the Options granted as mentioned in Article 4, accepts the Option Conditions, shall at the same time, be deemed to accept the applicable "ASML Rules of Conduct concerning Insider Information" and to act accordingly.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12 &#150; Notices</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if  sent to the address of Option Holder as recorded in the Human Resources &amp; Organisation Staff Records of the ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Stock Option Administrator.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img9.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13 &#150; Disputes</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents relating to the Option Rules and/or the Option Conditions shall be governed by the laws of the Netherlands;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents relating to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of Eindhoven.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14 &#150; Amendments</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Board of Management shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed of any amendments or measures as referred to in this Article in good time, in writing.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img10.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">10 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>19
<FILENAME>ex4-9.htm
<DESCRIPTION>EXHIBIT 4.9
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exhibit 4.9</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style=' height:.5in'>
        <td width="295" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="295" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><img src="img1.gif"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6">Terms and Conditions</font></b></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For Incentive or New Hire Options granted to</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Senior and Executive Management</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">under the ASML Stock Option Plan </font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version July 2006)</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:200%;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acquisition of Options</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="228" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:0pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:4pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions reference is made to the following documents:</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Stock Option Plan (version 2)</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Insider Trading Rules</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:5pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img2.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 &#150; Definitions</font></b></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Terms and Conditions and in related documents, the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">De Run 6501 in Veldhoven;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Group Company</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Date of Grant</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date on which the Option is granted in writing, which date is fixed at July 21<sup>st</sup>, 2006;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from July 21<sup>st</sup>, 2006 up to and including </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">July 20<sup>th</sup>, 2009;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Date of Grant is employed by ASML in job grades 92 through 95 and who is on her or an ASML Group Company&#146;s payroll on that date;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or ASML Group Company that employs Employee on the Date of Grant;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share at the end of the Option Period or the Revised Option Period against payment of the Exercise Price during the Option Period.  Options granted to United States residents or citizens will give such Option Holders the right to acquire Shares quoted on the NASDAQ while Options granted to all other Option Holders will give the right to acquire Shares quoted on the AEX;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present Terms and Conditions for Incentive or New Hire Options granted to Senior and Executive Management under the ASML Stock Option Plan &#150; version July 2006, </font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img3.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">including any modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been granted in writing and who at the time of granting of such Option is an Employee of ASML or who has become the holder of such Option by virtue of being Employee&#146;s heir;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Revised Option Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the applicable Option Period for all &#150; or a part of &#150; the Options after approval by Employer of a request by Option Holder as mentioned in Article 8;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EURO 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a willful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably willful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img4.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">cure such failure to perform his or her duties.  For Employees who are resident in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case concerned it can be inferred otherwise from the text of the Option Conditions.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2 &#150; Scope and Object</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to Article IV of the Option Rules.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may fluctuate, and that ASML does not guarantee that Option Holder shall derive any benefit from the Options granted under this ASML Stock Option Plan &#150; version July 2006.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nothing in these Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment. </font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3 &#150; Acquisition of Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee is granted Options under these Option Conditions on the Date of Grant by Employer.  The Options are granted in writing.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4 &#150; Acceptance of the Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options shall be granted under the dissolving condition that within 10 (ten) days after the Date of Grant,  Employee does not inform Employer in writing that Employee does not wish these Options to be granted to Employee;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By not rejecting the grant as described in paragraph 1 of this Article, Employee accepts all of the Options granted pursuant to these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective from the Date of Grant an Option Agreement will come into existence, unless Employee has rejected the Options as described in paragraph 1 of this Article.</font></p> </td> </tr>
    <tr>
        <td width="55" ></td>

        <td width="140" ></td>

        <td width="38" ></td>

        <td width="350" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img5.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5 &#150; Option Period</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, counting from the Date of Grant and shall thus end on July 20<sup>th</sup>, 2016;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in Article 8.5 by a maximum period of 12 (twelve) months.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 &#150; Exercise Price</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML Share on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands on the Date of Grant. For United States residents or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#150; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7 &#150; Transferability of the Option</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not vitiate the Option;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext, Amsterdam, the Netherlands, NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"> </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img6.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8 &#150;  Exercise of the Option </font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may only be exercised on the last day of the Option Period.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">At the request of Option Holder the Option Period may be shortened for all or part of the Options.  The Revised Option Period will then replace the Option Period for part or all the Options, whichever the request may be.  On the last day of the Revised Option Period Option Holder may exercise the Options for which Option Holder has requested the Revised Option Period.  In the written request Option Holder is required to notify Employer of the requested end date of the Revised Option Period.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request for a Revised Option Period during the Embargo Period shall not be honoured by Employer.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised only in accordance with established ASML procedures existing at the time of exercise;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct concerning Insider Information&#148;, as in force at the time of exercising;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired.  In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Article 5.1, the Option Period will effectively be prolonged beyond the period as
defined in Article 5.1;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (iii) retirement or (iv) occupational disability  (within the meaning of the Dutch Disablement Benefits Act </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Wet op de Arbeidsongeschiktheids-verzekering]</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">), the Options may be exercised during the entire Option Period, after the Embargo Period has expired;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement for these Option Conditions is defined as (a) leaving the employment of Employer at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) leaving the employment of Employer under the &#147;Rule of 65&#148; without being eligible to (early) retirement payments paid by a State, Federal or private pension fund.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img7.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, ASML Group Company or her legal predecessors.  For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of continued employment, until the age of 65 (sixty five) years. Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, ASML Group Company or her legal predecessors.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment activities have been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer for reasons other than those mentioned in paragraph 6 or 7 of Article 8, without immediate re-employment of Employee by Employer or another ASML Group Company, all Options granted which are not exercised at the time of termination of the employment relationship shall lapse forthwith.  All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9 &#150; Dilution of Capital</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of  (i) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend, or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Board of Management shall then decide;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img8.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Board of Management as referred to in Article 9.1 shall be binding after an independent accountant, and member of the Netherlands Institute for Registered Accountants </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Nederlands Instituut voor Register Accountants], </font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">has issued a certificate stating that the adjustments have been determined in a reasonable manner.  Adjustment of the Exercise Price and/or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Any tax and/or social insurance contributions payable as a result of the above shall be for the account of Option Holder;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the computation upon which the same are based shall be notified as soon as possible to Option Holder in writing.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10 &#150; Taxes and Costs</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes and/or social insurance contributions payable as a result of the Options allocated and/or as a result of Option being owned and/or exercised by Option Holder or Option Holder&#146;s heirs, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder or Option Holder&#146;s heirs as the case may be;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder, or Option Holder&#146;s heirs as the case may be, shall be liable for all the costs relating to the exercise of Options, including but not limited to costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11 &#150; Prevention of Insider Trading</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who, by not rejecting the Options granted as mentioned in Article 4, accepts the Option Conditions, shall at the same time, be deemed to accept the applicable "ASML Rules of Conduct concerning Insider Information" and to act accordingly.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12 &#150; Notices</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if  sent to the address of Option Holder as recorded in the Human Resources &amp; Organisation Staff Records of the ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Stock Option Administrator.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img9.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13 &#150; Disputes</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents relating to the Option Rules and/or the Option Conditions shall be governed by the laws of the Netherlands;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents relating to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of Eindhoven.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14 &#150; Amendments</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Board of Management shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed of any amendments or measures as referred to in this Article in good time, in writing.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img10.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">10 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>20
<FILENAME>ex4-10.htm
<DESCRIPTION>EXHIBIT 4.10
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exhibit 4.10</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style=' height:.5in'>
        <td width="295" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="295" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><img src="img1.gif"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6">Terms and Conditions</font></b></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For Incentive or New Hire Options granted to</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Senior and Executive Management </font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">under the ASML Stock Option Plan </font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version October 2006)</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:200%;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acquisition of Options</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td width="36" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="216" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments</font></p> </td>
        <td width="192" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:0pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:130%;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions reference is made to the following documents:</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Stock Option Plan (version 2)</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=4><b>&#149;</b></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Insider Trading Rules</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:130%;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img2.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse; '>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 &#150; Definitions</font></b></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Terms and Conditions and in related documents, the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">De Run 6501 in Veldhoven;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Group Company</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Date of Grant</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date on which the Option is granted in writing, which date is fixed at October 20<sup>th</sup>, 2006;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from October 20<sup>th</sup>, 2006 up to and including </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">October 19<sup>th</sup>, 2009;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Date of Grant is employed by ASML in job grades 92 through 95 and who is on her or an ASML Group Company&#146;s payroll on that date;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or ASML Group Company that employs Employee on the Date of Grant;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share at the end of the Option Period or the Revised Option Period against payment of the Exercise Price during the Option Period.  Options granted to United States residents or citizens will give such Option Holders the right to acquire Shares quoted on the NASDAQ while Options granted to all other Option Holders will give the right to acquire Shares quoted on the AEX;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img3.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present Terms and Conditions for Incentive or New Hire Options granted to Senior and Executive Management under the ASML Stock Option Plan &#150; version October 2006, including any modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been granted in writing and who at the time of granting of such Option is an Employee of ASML or who has become the holder of such Option by virtue of being Employee&#146;s heir;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Revised Option Period</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the applicable Option Period for all &#150; or a part of &#150; the Options after approval by Employer of a request by Option Holder as mentioned in Article 8;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EURO 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="199" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a willful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably willful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img4.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">cure such failure to perform his or her duties.  For Employees who are resident in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case concerned it can be inferred otherwise from the text of the Option Conditions.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="39" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="358" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2 &#150; Scope and Object</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to Article IV of the Option Rules.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may fluctuate, and that ASML does not guarantee that Option Holder shall derive any benefit from the Options granted under this ASML Stock Option Plan &#150; version October 2006.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nothing in these Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment. </font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3 &#150; Acquisition of Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee is granted Options under these Option Conditions on the Date of Grant by Employer.  The Options are granted in writing.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4 &#150; Acceptance of the Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options shall be granted under the dissolving condition that within 10 (ten) days after the Date of Grant,  Employee does not inform Employer in writing that Employee does not wish these Options to be granted to Employee;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By not rejecting the grant as described in paragraph 1 of this Article, Employee accepts all of the Options granted pursuant to these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective from the Date of Grant an Option Agreement will come into existence, unless Employee has rejected the Options as described in paragraph 1 of this Article.</font></p> </td> </tr>
    <tr>
        <td width="67" ></td>

        <td width="131" ></td>

        <td width="39" ></td>

        <td width="358" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img5.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5 &#150; Option Period</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, counting from the Date of Grant and shall thus end on October 19<sup>th</sup>, 2016;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in Article 8.5 by a maximum period of 12 (twelve) months.</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 &#150; Exercise Price</font></b></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML Share on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands on the Date of Grant. For United States residents or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#150; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7 &#150; Transferability of the Option</font></b></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not vitiate the Option;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext, Amsterdam, the Netherlands, NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img6.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8 &#150; Exercise of the Option</font></b></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may only be exercised on the last day of the Option Period.</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">At the request of Option Holder the Option Period may be shortened for all or part of the Options.  The Revised Option Period will then replace the Option Period for part or all the Options, whichever the request may be.  On the last day of the Revised Option Period Option Holder may exercise the Options for which Option Holder has requested the Revised Option Period.  In the written request Option Holder is required to notify Employer of the requested end date of the Revised Option Period</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request for a Revised Option Period during the Embargo Period shall not be honoured by Employer.</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised only in accordance with established ASML procedures existing at the time of exercise;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct concerning Insider Information&#148;, as in force at the time of exercising;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired.  In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Article 5.1, the Option Period will effectively be prolonged beyond the period as
defined in Article 5.1;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (iii) retirement or (iv) occupational disability  (within the meaning of the Dutch Disablement Benefits Act </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Wet op de Arbeidsongeschiktheids-verzekering]</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">), the Options may be exercised during the entire Option Period, after the Embargo Period has expired;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement for these Option Conditions is defined as (a) leaving the employment of Employer at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) leaving the employment of Employer under the &#147;Rule of 65&#148; without being eligible to (early) retirement payments paid by a State, Federal or private pension fund;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img7.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, ASML Group Company or her legal predecessors.  For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of continued employment, until the age of 65 (sixty five) years. Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, ASML Group Company or her legal predecessors.</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment activities have been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer for reasons other than those mentioned in paragraph 6 or 7 of Article 8, without immediate re-employment of Employee by Employer or another ASML Group Company, all Options granted which are not exercised at the time of termination of the employment relationship shall lapse forthwith.  All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11.</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9 &#150; Dilution of Capital</font></b></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of  (i) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend, or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Board of Management shall then decide;</font></p> </td> </tr>
    <tr >
        <td width="67" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img8.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Board of Management as referred to in Article 9.1 shall be binding after an independent accountant, and member of the Netherlands Institute for Registered Accountants </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Nederlands Instituut voor Register Accountants], </font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">has issued a certificate stating that the adjustments have been determined in a reasonable manner.  Adjustment of the Exercise Price and or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Any tax and/or social insurance contributions payable as a result of the above shall be for the account of Option Holder; </font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the computation upon which the same are based shall be notified as soon as possible to Option Holder in writing.</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10 &#150; Taxes and Costs</font></b></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes and/or social insurance contributions payable as a result of the Options allocated and/or as a result of Option being owned and/or exercised by Option Holder or Option Holder&#146;s heirs, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder or Option Holder&#146;s heirs as the case may be;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder, or Option Holder&#146;s heirs as the case may be, shall be liable for all the costs relating to the exercise of Options, including but not limited to costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11 &#150; Prevention of Insider Trading</font></b></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who, by not rejecting the Options granted as mentioned in Article 4, accepts the Option Conditions, shall at the same time, be deemed to accept the applicable "ASML Rules of Conduct concerning Insider Information" and to act accordingly.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12 &#150; Notices</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if  sent to the address of Option Holder as recorded in the Human Resources &amp; Organisation Staff Records of the ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img9.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="595" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td width="516" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Stock Option Administrator.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13 &#150; Disputes</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents relating to the Option Rules and/or the Option Conditions shall be governed by the laws of the Netherlands;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents relating to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of Eindhoven.</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14 &#150; Amendments</font></b></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Board of Management shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="79" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td width="516" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:162%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed of any amendments or measures as referred to in this Article in good time, in writing.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img10.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO SENIOR AND EXECUTIVE MANAGEMENT </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">10 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>21
<FILENAME>asmlex4-11.htm
<DESCRIPTION>EXHIBIT 4.11
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exhibit 4.11</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="194" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="194" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="202" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><img src="img1.gif"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6">Terms and Conditions</font></b></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For Incentive or New Hire Options granted to</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Employees under the ASML Stock Option Plan</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version April 2006)</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:200%;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acquisition of Options</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:0pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:130%;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions reference is made to the following documents:</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Stock Option Plan (version 2)</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Insider Trading Rules</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:130%;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img2.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 &#150; Definitions</font></b></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Terms and Conditions and in related documents, the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">De Run 6501 in Veldhoven;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Group Company</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Date of Grant</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date on which the Option is granted in writing, which date is fixed at April 21<sup>st</sup>, 2006;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from April 21<sup>st</sup>, 2006 up to and including </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">April 20<sup>th</sup>, 2009;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Date of Grant is employed by ASML in job grades 81 through 91 and who is on her or an ASML Group Company&#146;s payroll on that date;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or ASML Group Company that employs Employee on the Date of Grant;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share at the end of the Option Period or the Revised Option Period against payment of the Exercise Price during the Option Period.  Options granted to United States residents or citizens will give such Option Holders the right to acquire Shares quoted on the NASDAQ while Options granted to all other Option Holders will give the right to acquire Shares quoted on the AEX;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present Terms and Conditions for Incentive or New Hire Options granted to Employees under the ASML Stock Option Plan &#150; version April 2006, including any </font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img3.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been granted in writing and who at the time of granting of such Option is an Employee of ASML or who has become the holder of such Option by virtue of being Employee&#146;s heir;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Revised Option Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the applicable Option Period for all &#150; or a part of &#150; the Options after approval by Employer of a request by Option Holder as mentioned in Article 8;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EURO 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a willful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably willful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img4.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">cure such failure to perform his or her duties.  For Employees who are resident in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case concerned it can be inferred otherwise from the text of the Option Conditions.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2 &#150; Scope and Object</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to Article IV of the Option Rules.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may fluctuate, and that ASML does not guarantee that Option Holder shall derive any benefit from the Options granted under this ASML Stock Option Plan &#150; version April 2006.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nothing in these Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment. </font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3 &#150; Acquisition of Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee is granted Options under these Option Conditions on the Date of Grant by Employer.  The Options are granted in writing.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4 &#150; Acceptance of the Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options shall be granted under the dissolving condition that within 10 (ten) days after the Date of Grant,  Employee does not inform Employer in writing that Employee does not wish these Options to be granted to Employee;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By not rejecting the grant as described in paragraph 1 of this Article, Employee accepts all of the Options granted pursuant to these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective from the Date of Grant an Option Agreement will come into existence, unless Employee has rejected the Options as described in paragraph 1 of this Article.</font></p> </td> </tr>
    <tr>
        <td width="55" ></td>

        <td width="140" ></td>

        <td width="38" ></td>

        <td width="350" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img5.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5 &#150; Option Period</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, counting from the Date of Grant and shall thus end on April 20<sup>th</sup>, 2016;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in Article 8.5 by a maximum period of 12 (twelve) months.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 &#150; Exercise Price</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML Share on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands on the Date of Grant. For United States residents or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#150; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7 &#150; Transferability of the Option</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not vitiate the Option;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext, Amsterdam, the Netherlands, NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img6.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8 &#150; Exercise of the Option </font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may only be exercised on the last day of the Option Period.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">At the request of Option Holder the Option Period may be shortened for all or part of the Options.  The Revised Option Period will then replace the Option Period for part or all the Options, whichever the request may be.  On the last day of the Revised Option Period Option Holder may exercise the Options for which Option Holder has requested the Revised Option Period.  In the written request Option Holder is required to notify Employer of the requested end date of the Revised Option Period.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request for a Revised Option Period during the Embargo Period shall not be honoured by Employer.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised only in accordance with established ASML procedures existing at the time of exercise;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct concerning Insider Information&#148;, as in force at the time of exercising;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired.  In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Article 5.1, the Option Period will effectively be prolonged beyond the period as
defined in Article 5.1;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (iii) retirement or (iv) occupational disability  (within the meaning of the Dutch Disablement Benefits Act </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Wet op de Arbeidsongeschiktheids-verzekering]</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">), the Options may be exercised during the entire Option Period, after the Embargo Period has expired;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement for these Option Conditions is defined as (a) leaving the employment of Employer at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) leaving the employment of Employer under the &#147;Rule of 65&#148; without being eligible to (early) retirement payments paid by a State, Federal or private pension fund.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img7.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, ASML Group Company or her legal predecessors.  For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of continued employment, until the age of 65 (sixty five) years. Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, ASML Group Company or her legal predecessors.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment activities have been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer for reasons other than those mentioned in paragraph 6 or 7 of Article 8, without immediate re-employment of Employee by Employer or another ASML Group Company, all Options granted which are not exercised at the time of termination of the employment relationship shall lapse forthwith.  All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9 &#150; Dilution of Capital</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of  (i) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend, or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Board of Management shall then decide;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img8.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Board of Management as referred to in Article 9.1 shall be binding after an independent accountant, and member of the Netherlands Institute for Registered Accountants </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Nederlands Instituut voor Register Accountants], </font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">has issued a certificate stating that the adjustments have been determined in a reasonable manner.  Adjustment of the Exercise Price and or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Any tax and/or social insurance contributions payable as a result of the above shall be for the account of Option Holder;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the computation upon which the same are based shall be notified as soon as possible to Option Holder in writing.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10 &#150; Taxes and Costs</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes and/or social insurance contributions payable as a result of the Options allocated and/or as a result of Option being owned and/or exercised by Option Holder or Option Holder&#146;s heirs, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder or Option Holder&#146;s heirs as the case may be;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder, or Option Holder&#146;s heirs as the case may be, shall be liable for all the costs relating to the exercise of Options, including but not limited to costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11 &#150; Prevention of Insider Trading</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who, by not rejecting the Options granted as mentioned in Article 4, accepts the Option Conditions, shall at the same time, be deemed to accept the applicable "ASML Rules of Conduct concerning Insider Information" and to act accordingly.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12 &#150; Notices</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if  sent to the address of Option Holder as recorded in the Human Resources &amp; Organisation Staff Records of the ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Stock Option Administrator.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img9.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13 &#150; Disputes</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents relating to the Option Rules and/or the Option Conditions shall be governed by the laws of the Netherlands;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents relating to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of Eindhoven.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14 &#150; Amendments</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Board of Management shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed of any amendments or measures as referred to in this Article in good time, in writing.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img10.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version April 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">10 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>22
<FILENAME>asmlex4-12.htm
<DESCRIPTION>EXHIBIT 4.12
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exhibit 4.12</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style=' height:44.1pt'>
        <td width="197" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:44.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="197" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:44.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="197" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:44.1pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><img src="img1.jpg"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6">Terms and Conditions</font></b></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For Incentive or New Hire Options granted to Employees under the ASML Stock Option Plan </font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version July 2006)</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:200%;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acquisition of Options</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:0pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:130%;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions reference is made to the following documents:</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Stock Option Plan (version 2)</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Insider Trading Rules</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;line-height:130%;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img2.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 &#150; Definitions</font></b></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Terms and Conditions and in related documents, the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">De Run 6501 in Veldhoven;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Group Company</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Date of Grant</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date on which the Option is granted in writing, which date is fixed at July 21<sup>st</sup>, 2006;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from July 21<sup>st</sup>, 2006 up to and including </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">July 20<sup>th</sup>, 2009;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Date of Grant is employed by ASML in job grades 81 through 91 and who is on her or an ASML Group Company&#146;s payroll on that date;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or ASML Group Company that employs Employee on the Date of Grant;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share at the end of the Option Period or the Revised Option Period against payment of the Exercise Price during the Option Period.  Options granted to United States residents or citizens will give such Option Holders the right to acquire Shares quoted on the NASDAQ while Options granted to all other Option Holders will give the right to acquire Shares quoted on the AEX;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present Terms and Conditions for Incentive or New Hire Options granted to Employees under the ASML Stock Option Plan &#150; version July 2006, including any </font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img3.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been granted in writing and who at the time of granting of such Option is an Employee of ASML or who has become the holder of such Option by virtue of being Employee&#146;s heir;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Revised Option Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the applicable Option Period for all &#150; or a part of &#150; the Options after approval by Employer of a request by Option Holder as mentioned in Article 8;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EURO 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a willful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably willful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img4.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">cure such failure to perform his or her duties.  For Employees who are resident in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case concerned it can be inferred otherwise from the text of the Option Conditions.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2 &#150; Scope and Object</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to Article IV of the Option Rules</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may fluctuate, and that ASML does not guarantee that Option Holder shall derive any benefit from the Options granted under this ASML Stock Option Plan &#150; version July 2006.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nothing in these Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment. </font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3 &#150; Acquisition of Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee is granted Options under these Option Conditions on the Date of Grant by Employer.  The Options are granted in writing.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4 &#150; Acceptance of the Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options shall be granted under the dissolving condition that within 10 (ten) days after the Date of Grant,  Employee does not inform Employer in writing that Employee does not wish these Options to be granted to Employee;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By not rejecting the grant as described in paragraph 1 of this Article, Employee accepts all of the Options granted pursuant to these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective from the Date of Grant an Option Agreement will come into existence, unless Employee has rejected the Options as described in paragraph 1 of this Article.</font></p> </td> </tr>
    <tr>
        <td width="55" ></td>

        <td width="140" ></td>

        <td width="38" ></td>

        <td width="350" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img5.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5 &#150; Option Period</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, counting from the Date of Grant and shall thus end on July 20<sup>th</sup>, 2016;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in Article 8.5 by a maximum period of 12 (twelve) months.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 &#150; Exercise Price</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML Share on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands on the Date of Grant. For United States residents or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#150; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7 &#150; Transferability of the Option</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not vitiate the Option;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext, Amsterdam, the Netherlands, NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img6.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8 &#150; Exercise of the Option </font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may only be exercised on the last day of the Option Period.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">At the request of Option Holder the Option Period may be shortened for all or part of the Options.  The Revised Option Period will then replace the Option Period for part or all the Options, whichever the request may be.  On the last day of the Revised Option Period Option Holder may exercise the Options for which Option Holder has requested the Revised Option Period.  In the written request Option Holder is required to notify Employer of the requested end date of the Revised Option Period.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request for a Revised Option Period during the Embargo Period shall not be honoured by Employer.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised only in accordance with established ASML procedures existing at the time of exercise;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct concerning Insider Information&#148;, as in force at the time of exercising;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired.  In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Article 5.1, the Option Period will effectively be prolonged beyond the period as
defined in Article 5.1;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (iii) retirement or (iv) occupational disability  (within the meaning of the Dutch Disablement Benefits Act </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Wet op de Arbeidsongeschiktheids-verzekering]</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">), the Options may be exercised during the entire Option Period, after the Embargo Period has expired;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement for these Option Conditions is defined as (a) leaving the employment of Employer at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) leaving the employment of Employer under the &#147;Rule of 65&#148; without being eligible to (early) retirement payments paid by a State, Federal or private pension fund.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img7.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, ASML Group Company or her legal predecessors.  For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of continued employment, until the age of 65 (sixty five) years. Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, ASML Group Company or her legal predecessors.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment activities have been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer for reasons other than those mentioned in paragraph 6 or 7 of Article 8, without immediate re-employment of Employee by Employer or another ASML Group Company, all Options granted which are not exercised at the time of termination of the employment relationship shall lapse forthwith.  All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9 &#150; Dilution of Capital</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of  (i) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend, or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Board of Management shall then decide;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img8.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Board of Management as referred to in Article 9.1 shall be binding after an independent accountant, and member of the Netherlands Institute for Registered Accountants </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Nederlands Instituut voor Register Accountants], </font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">has issued a certificate stating that the adjustments have been determined in a reasonable manner.  Adjustment of the Exercise Price and or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Any tax and/or social insurance contributions payable as a result of the above shall be for the account of Option Holder;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the computation upon which the same are based shall be notified as soon as possible to Option Holder in writing.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10 &#150; Taxes and Costs</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes and/or social insurance contributions payable as a result of the Options allocated and/or as a result of Option being owned and/or exercised by Option Holder or Option Holder&#146;s heirs, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder or Option Holder&#146;s heirs as the case may be;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder, or Option Holder&#146;s heirs as the case may be, shall be liable for all the costs relating to the exercise of Options, including but not limited to costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11 &#150; Prevention of Insider Trading</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who, by not rejecting the Options granted as mentioned in Article 4, accepts the Option Conditions, shall at the same time, be deemed to accept the applicable "ASML Rules of Conduct concerning Insider Information" and to act accordingly.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12 &#150; Notices</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if  sent to the address of Option Holder as recorded in the Human Resources &amp; Organisation Staff Records of the ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Stock Option Administrator.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img9.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13 &#150; Disputes</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents relating to the Option Rules and/or the Option Conditions shall be governed by the laws of the Netherlands;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents relating to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of Eindhoven.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14 &#150; Amendments</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Board of Management shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed of any amendments or measures as referred to in this Article in good time, in writing.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img10.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version July 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">10 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4
<SEQUENCE>23
<FILENAME>ex4-13.htm
<DESCRIPTION>EXHIBIT 4.13
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Arial"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exhibit 4.13</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style=' height:.5in'>
        <td width="295" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="295" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:.5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><img src="img1.gif"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="6">Terms and Conditions</font></b></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">For Incentive or New Hire Options granted to</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">Employees under the ASML Stock Option Plan </font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">(Version October 2006)</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font color="#333399"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="5">&nbsp;</font></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height:200%;'><B><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">TABLE OF CONTENTS</font></B></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">2</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Definitions</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">3</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Scope and Object</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acquisition of Options</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Acceptance of the Options</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Transferability of the Option</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">6</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise of the Option</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Dilution of Capital</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Taxes and Costs</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Prevention of Insider Trading</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Disputes</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr>
    <tr >
        <td width="72" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14</font></p> </td>
        <td width="24" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">-</font></p> </td>
        <td width="235" valign=top >
            <p  style='line-height:15.0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Amendments</font></p> </td>
        <td width="209" valign=top >
            <p  align=right style='text-align:right;line-height:15.0pt; '><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:14pt; margin-top:0pt;text-align:left;'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Related documents</font></b></p>

<p style=' margin-bottom:0pt; margin-top:5pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Conditions reference is made to the following documents:</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Stock Option Plan (version 2)</font></p> </td> </tr></table>



<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="24" valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4"><b>&#149;</b></font></p> </td>
        <td  valign=top style='padding:5.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:justify;margin-top:0pt;margin-bottom:0pt'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Insider Trading Rules</font></p> </td> </tr></table>


<p style=' margin-bottom:0pt; margin-top:5pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These documents may be consulted on the ASML Intranet.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img2.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">2 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 1 &#150; Definitions</font></b></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In these Option Terms and Conditions and in related documents, the following terms shall have the meanings as defined in this Article, unless explicitly stated otherwise.</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Holding N.V., having its business address at </font><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">De Run 6501 in Veldhoven;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML Group Company</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an affiliated company of ASML, in which the affiliation is determined by section 24c of Book 2 of the Dutch Civil Code, irrespective of the jurisdiction of such company and irrespective of the place where it has its registered office;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Date of Grant</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the date on which the Option is granted in writing, which date is fixed at October 20<sup>th</sup>, 2006;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Embargo Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period from October 20<sup>th</sup>, 2006 up to and including October 19<sup>th</sup>, 2009;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a natural person who on the Date of Grant is employed by ASML in job grades 81 through 91 and who is on her or an ASML Group Company&#146;s payroll on that date;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employer</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">ASML or ASML Group Company that employs Employee on the Date of Grant;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Exercise Price</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the price for which Option Holder may acquire one Share upon the exercise of one Option;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">a right granted by Employer to Option Holder to acquire one Share at the end of the Option Period or the Revised Option Period against payment of the Exercise Price during the Option Period.  Options granted to United States residents or citizens will give such Option Holders the right to acquire Shares quoted on the NASDAQ while Options granted to all other Option Holders will give the right to acquire Shares quoted on the AEX;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Conditions</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the present Terms and Conditions for Incentive or New Hire Options granted to Employees under the ASML Stock Option Plan &#150; version October 2006, including any </font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img3.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">3 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">modifications subsequently introduced herein in conformity with the same;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 0in 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the holder of an Option, being the person to whom an Option has been granted in writing and who at the time of granting of such Option is an Employee of ASML or who has become the holder of such Option by virtue of being Employee&#146;s heir;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the period during which the Option may be exercised;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Rules</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the ASML Stock Option Plan (version 2) including any modifications subsequently introduced therein in conformity with the same, on which these Option Conditions are based;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Revised Option Period</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">the applicable Option Period for all &#150; or a part of &#150; the Options after approval by Employer of a request by Option Holder as mentioned in Article 8;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Share</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">an ordinary share with a nominal value of EURO 0.02 (two EURO Cents) in the share capital of ASML, which share is listed on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands, or the NASDAQ Stock Market (&#147;NASDAQ&#148;), New York City, New York, USA, which share is acquired by Option Holder by exercising an Option granted under these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="195" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Termination for Cause</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">:</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.75pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Cause shall mean (i) any act of personal dishonesty taken by Employee in connection with his or her responsibilities as Employee and intended to result in a personal enrichment of Employee, (ii) conviction of a felony, (iii) a willful act by Employee that constitutes gross misconduct and is injurious to Employer, and (iv) continued violations by Employee of his or her obligations to Employer which are demonstrably willful and deliberate on his or her part after (a) there has been delivered to Employee a written demand for performance from Employer that describes the basis for the belief that he or she has not substantially performed his or her duties set forth in specific goals to cure such defaults, and (b) he or she has been given 30 (thirty) days during which he or she has been unable to </font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img4.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">4 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:3.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">cure such failure to perform his or her duties.  For Employees who are resident in the Netherlands, the term Cause shall have the meaning as stated in section 7:677 in conjunction with section 7:678 of the Dutch Civil Code at that time.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The terms defined above in the singular or in the plural shall also comprise the plural and vice versa, unless in the case concerned it can be inferred otherwise from the text of the Option Conditions.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="38" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="350" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 2 &#150; Scope and Object</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">These Option Conditions are part of the Option Rules and contain the terms and conditions that are applicable to Option Holder pursuant to Article IV of the Option Rules.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder is aware of the fact that the value of the shares may fluctuate, and that ASML does not guarantee that Option Holder shall derive any benefit from the Options granted under this ASML Stock Option Plan &#150; version October 2006.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Nothing in these Option Conditions or related documents by themselves or in combination shall be construed as an expressed or implied contract of employment or a guarantee of continued future employment. </font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 3 &#150; Acquisition of Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Employee is granted Options under these Option Conditions on the Date of Grant by Employer.  The Options are granted in writing.</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 4 &#150; Acceptance of the Options</font></b></p> </td> </tr>
    <tr >
        <td  colspan="4" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.1</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options shall be granted under the dissolving condition that within 10 (ten) days after the Date of Grant,  Employee does not inform Employer in writing that Employee does not wish these Options to be granted to Employee;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.2</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">By not rejecting the grant as described in paragraph 1 of this Article, Employee accepts all of the Options granted pursuant to these Option Conditions;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">4.3</font></p> </td>
        <td  colspan="3" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Effective from the Date of Grant an Option Agreement will come into existence, unless Employee has rejected the Options as described in paragraph 1 of this Article.</font></p> </td> </tr>
    <tr>
        <td width="55" ></td>

        <td width="140" ></td>

        <td width="38" ></td>

        <td width="350" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:2.36in; text-indent:-2.36in;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img5.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">5 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 5 &#150; Option Period</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Period shall be 10 (ten) years, counting from the Date of Grant and shall thus end on October 19<sup>th</sup>, 2016;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options may only be exercised within the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Options that have not been exercised within the Option Period shall lapse after the expiration of the Option Period;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">5.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notwithstanding the provisions of paragraphs 1 through 3 of this Article, the Option Period may be extended under the circumstances as referred to in Article 8.5 by a maximum period of 12 (twelve) months.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 6 &#150; Exercise Price</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Exercise Price shall be equal to the closing price &#147;cum dividend&#148; of an ordinary ASML Share on the Euronext Amsterdam (&#147;AEX&#148;) in the Netherlands on the Date of Grant. For United States residents or citizens, the Euro denominated Exercise Price will be converted into a United States Dollar Exercise Price by taking the Exercise Price defined in the first sentence of this Article and applying the Euro &#150; United States Dollar exchange rate fixing on the Allocation Date as performed by the European Central Bank at or around 14.00 hours C.E.T.;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 7 &#150; Transferability of the Option</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option shall be strictly non-transferable and may not be encumbered with a pledge;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Devolution by last will or hereditary succession pursuant to the statutory provisions shall, however, not vitiate the Option;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall not be permitted to conclude any transaction in relation to the Options on Euronext, Amsterdam, the Netherlands, NASDAQ, New York, United States of America, or any other stock exchange;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">7.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In the event of Option Holder acting in contravention of the provisions of this Article, the Options of such Option Holder shall lapse.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img6.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">6 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 8 &#150; Exercise of the Option </font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may only be exercised on the last day of the Option Period.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">At the request of Option Holder the Option Period may be shortened for all or part of the Options.  The Revised Option Period will then replace the Option Period for part or all the Options, whichever the request may be.  On the last day of the Revised Option Period Option Holder may exercise the Options for which Option Holder has requested the Revised Option Period.  In the written request Option Holder is required to notify Employer of the requested end date of the Revised Option Period.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">A written request for a Revised Option Period during the Embargo Period shall not be honoured by Employer.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.4</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised only in accordance with established ASML procedures existing at the time of exercise;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.5</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">When exercising the Options Option Holder must comply with the &#147;ASML Rules of Conduct concerning Insider Information&#148;, as in force at the time of exercising;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.6</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (i) death, or (ii) incapability to act, the Options may be exercised during the entire Option Period, after the Embargo Period has expired.  In case the remaining Option Period, measured from the moment of termination for aforementioned reasons, consists of less than 12 (twelve) months, the Option Period will be extended such that the remaining Option Period will be at least 12 (twelve) months counting from the date of the termination. Therefore, if the date of termination for reasons mentioned in the first sentence of this Article, falls within 12 (twelve) months before the end of the Option Period as defined in Article 5.1, the Option Period will effectively be prolonged beyond the period as
defined in Article 5.1;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer due to Employee&#146;s (iii) retirement or (iv) occupational disability  (within the meaning of the Dutch Disablement Benefits Act </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Wet op de Arbeidsongeschiktheids-verzekering]</font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">), the Options may be exercised during the entire Option Period, after the Embargo Period has expired;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Retirement for these Option Conditions is defined as (a) leaving the employment of Employer at the age of 55 (fifty five) years or later in case Employee is eligible to (early) retirement payments paid by a State, Federal or private pension fund, or (b) leaving the employment of Employer under the &#147;Rule of 65&#148; without being eligible to (early) retirement payments paid by a State, Federal or private pension fund.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img7.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">7 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The &#147;Rule of 65&#148; determines that Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 55 (fifty five) years after 10 (ten) years of continued employment with ASML, ASML Group Company or her legal predecessors.  For every additional year in excess of 55 (fifty five) years of age, Employee is required to have one year less of continued employment, until the age of 65 (sixty five) years. Employee is deemed to retire for these Option Conditions in case Employee leaves the employment of Employer at the age of 65 (sixty five) years with one or less years of continued employment with ASML, ASML Group Company or her legal predecessors.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.7</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If, during the Option Period, Employee is terminated for Cause by Employer or Employee is terminated by Employer on account of another reason imputable to Employee, regardless of whether employment activities have been terminated, any Options not yet exercised shall lapse forthwith. All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.8</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">In case of termination of the employment relationship between Employee and Employer for reasons other than those mentioned in paragraph 6 or 7 of Article 8, without immediate re-employment of Employee by Employer or another ASML Group Company, all Options granted which are not exercised at the time of termination of the employment relationship shall lapse forthwith.  All Options that have thus become null and void will do so without Option Holder being entitled to any compensation in this respect from Employer or another ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">8.9</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Options may be exercised by Option Holder for the total number allocated or in tranches of 100 or multiples thereof (with the exception of the last tranche), with the provision that each exercise must take place within the Option Period, provided such exercise is not in conflict with the provisions of Article 11.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 9 &#150; Dilution of Capital</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">If at any time the issued capital of ASML increases, for instance as a result of  (i) a resolution to issue shares with a pre-emption right for the holders of the Shares at that time outstanding, (ii) a stock dividend, or (iii) a capitalisation of reserves, the Exercise Price and/or the number of Options allocated may be adjusted in such a manner as the Board of Management shall then decide;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img8.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">8 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The adjustments by the Board of Management as referred to in Article 9.1 shall be binding after an independent accountant, and member of the Netherlands Institute for Registered Accountants </font><i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">[Nederlands Instituut voor Register Accountants], </font></i><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">has issued a certificate stating that the adjustments have been determined in a reasonable manner.  Adjustment of the Exercise Price and or the number of Options shall take place on the day preceding the day on which notice was given of the aforementioned resolutions. Any tax and/or social insurance contributions payable as a result of the above shall be for the account of Option Holder;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">9.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">An adjustment of the Exercise Price and/or the number of Options allocated and the computation upon which the same are based shall be notified as soon as possible to Option Holder in writing.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 10 &#150; Taxes and Costs</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All taxes and/or social insurance contributions payable as a result of the Options allocated and/or as a result of Option being owned and/or exercised by Option Holder or Option Holder&#146;s heirs, including possible consequences of an amendment of the Option Conditions, shall be entirely for the account of Option Holder or Option Holder&#146;s heirs as the case may be;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder, or Option Holder&#146;s heirs as the case may be, shall be liable for all the costs relating to the exercise of Options, including but not limited to costs charged by stock brokers in connection with the acquired Shares resulting from the exercise of Options and the contiguous sale of such Shares;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">10.3</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Costs relating to the issue and/or acquisition of Shares in the capital of ASML shall be for the account of ASML.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 11 &#150; Prevention of Insider Trading</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder who, by not rejecting the Options granted as mentioned in Article 4, accepts the Option Conditions, shall at the same time, be deemed to accept the applicable "ASML Rules of Conduct concerning Insider Information" and to act accordingly.</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 12 &#150; Notices</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by ASML to Option Holder pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if  sent to the address of Option Holder as recorded in the Human Resources &amp; Organisation Staff Records of the ASML Group Company;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">12.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Notices which must be given by Option Holder to ASML pursuant to or in connection with the Option Rules and/or the Option Conditions shall be regarded as correctly addressed if sent to the address of ASML as listed with the Chamber of Commerce, for the attention of the ASML Stock Option Administrator.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img9.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">9 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>


<table border="0" cellspacing=0 cellpadding=0 width="583" style='border-collapse:collapse'>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 13 &#150; Disputes</font></b></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Option Rules, the Option Conditions, the annexes thereto, and all further documents relating to the Option Rules and/or the Option Conditions shall be governed by the laws of the Netherlands;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">13.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All disputes arising from the Option Rules, the Option Conditions, the annexes thereto, and further documents relating to the Option Rules and/or the Option Conditions, shall in the first instance, be settled by the District Court of Eindhoven.</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td  colspan="2" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><b><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Article 14 &#150; Amendments</font></b></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.1</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Board of Management shall have the power to amend the Option Rules and/or Option Conditions or add further provisions to the same at any time;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="55" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">14.2</font></p> </td>
        <td width="528" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:156.6%'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Option Holder shall be informed of any amendments or measures as referred to in this Article in good time, in writing.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><img src="img10.gif"><br> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">TERMS AND CONDITIONS FOR INCENTIVE OR NEW HIRE OPTIONS </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">GRANTED TO EMPLOYEES UNDER THE ASML STOCK OPTION PLAN (Version October 2006)</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">10 of 10</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="1">&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp;</font></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>24
<FILENAME>exhibit5_1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Times New Roman"'>

<div style='width:600;'>



<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><b><font size=2>Exhibit 5.1</font></b></p>

<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr style=' height:40.5pt'>
        <td width="169" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:40.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="168" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:40.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="202" valign=top style='padding:0in 5.4pt 0in 5.4pt; height:40.5pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:right;margin-top:0pt;margin-bottom:0pt'><img src="jmaimg1.gif"><br> </p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:42pt; margin-left:3.5in;text-align:left;'><font size=2>ASML Holding N.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>De Run 6501</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>5504 DR Veldhoven</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>PO Box 324</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>5500 AH Veldhoven</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>The Netherlands</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>Phone +31 40 268 6762</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>Fax +31 40 268 4888</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>remco.van.der.veer@asml.com</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>www.asml.com</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>Trade Register 17085815</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>Eindhoven, The Netherlands</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>United States Securities and Exchange Commission</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>450 Fifth Street, N.W.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Washington, D.C. 20549</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>United States of America</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="185" style='border-collapse:collapse'>
    <tr >
        <td width="84" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Date</font></p> </td>
        <td  nowrap colspan="3" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>August 7, 2006</font></p> </td> </tr>
    <tr >
        <td width="84" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Reference</font></p> </td>
        <td  nowrap colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>1_6_1_15</font></p> </td>
        <td  width="29">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="84" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Subject</font></p> </td>
        <td width="69" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Form S-8</font></p> </td>
        <td   colspan="2">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr>
        <td width="84" ></td>

        <td width="69" ></td>

        <td width="3" ></td>

        <td width="29" ></td> </tr> </table>

<p style=' margin-bottom:11pt; margin-top:11pt;text-align:left;'><font size=2>Ladies and Gentlemen:</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:1in;text-align:left;'><font size=2>I refer to the Registration Statement on Form S-8 (the "Registration Statement") of ASML Holding N.V., a Netherlands corporation (the "Company") under the Securities Act of 1933 (the "Securities Act").  The Registration Statement relates to up to 1,922,000 ordinary shares, nominal value of &#128;0.02 per share, of ASML Holding N.V. (the "Ordinary Shares") and 795,000 options to acquire Ordinary Shares (the "Options" and, together with the Ordinary Shares, the "Securities"), issuable and issued under the (i) ASML Stock Option Plan for options granted to employees of ASML Holding N.V. Group Companies in Asia, EMEA and USA (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan); (ii) ASML Stock Option Plan for options granted to Employees of ASML Holding N.V. Group Companies in Asia, EMEA and USA (Version April 2006 &#150; Stock Options from Base Salary 2006); (iii) ASML
Stock Option Plan for options granted to Employees of ASML Netherlands B.V. (Version April 2006 &#150; Stock Options from Future Profit Sharing 2006 Plan); (iv) ASML Stock Option Plan for options granted to Employees of ASML Netherlands B.V. (Version April 2006 &#150; Stock Options from Holiday Allowance and/or Vacation/ADV-Days from 2006); (v) ASML Stock Option Plan for New Hire Options granted to Members of the Board of Management (Version April 2006); (vi) ASML Stock Option Plan for Incentive or New Hire Options granted </font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>United States Securities and Exchange Commission</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>August 7, 2006</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Page 2</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><font size=2>to Senior and Executive Management (Version April 2006); (vii) ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version July 2006); (viii) ASML Stock Option Plan for Incentive or New Hire Options granted to Senior and Executive Management (Version October 2006); (ix) ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version April 2006); (x) ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version July 2006); and (xi) ASML Stock Option Plan for Incentive or New Hire Options granted to Employees (Version October 2006) (each, a "Plan").</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:1in;text-align:left;'><font size=2>I have examined and am familiar with (i) the Company&#146;s Articles of Association, as amended and (ii) the corporate proceedings relating to the Registration Statement.  Upon the basis of the foregoing, and having satisfied myself as to such other matters of law and fact as I consider relevant for the purposes of this opinion, I advise you that, in my opinion, upon issuance in accordance with the terms and conditions of the applicable Plan, the Securities will have been legally issued, fully paid and non-assessable.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:1in;text-align:left;'><font size=2>I express no opinion herein, on or with respect to, any law other than the laws of The Netherlands and I express no opinion on, or with respect to, the laws of the United States, any state thereof or any other laws, statutes, regulations or ordinances.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:1in;text-align:left;'><font size=2>I hereby consent to the filing of this opinion as an exhibit to the Registration Statement and any reference to me therein.  In giving such consent, I do not hereby admit that I am in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission.</font></p>

<p style=' margin-bottom:0pt; margin-top:24pt; margin-left:3.5in;text-align:left;'><font size=2>Very truly yours</font></p>

<p style=' margin-bottom:0pt; margin-top:24pt; margin-left:3.5in;text-align:left;'><font size=2>/s/ Robert F. Roelofs</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>Robert F. Roelofs</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.5in;text-align:left;'><font size=2>General Counsel</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


</div>
</BODY>
</HTML>



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>25
<FILENAME>jmaimg1.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 jmaimg1.gif
M1TE&.#EAO`!#`'<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'_
M"TU33T9&24-%.2XP%P````MM<T]035-/1D9)0T4Y+C!"/*3U`"'_"TU33T9&
M24-%.2XP%0````EP2%ES````0````$``8D-C6P`A_PM-4T]&1DE#13DN,!@`
M```,8VU04$I#;7`P-S$R`````T@`<[P`(?D$`0`````L`````+P`0P"'````
M```````S``!F``"9``#,``#_`#,``#,S`#-F`#.9`#/,`#/_`&8``&8S`&9F
M`&:9`&;,`&;_`)D``)DS`)EF`)F9`)G,`)G_`,P``,PS`,QF`,R9`,S,`,S_
M`/\``/\S`/]F`/^9`/_,`/__,P``,P`S,P!F,P"9,P#,,P#_,S,`,S,S,S-F
M,S.9,S/,,S/_,V8`,V8S,V9F,V:9,V;,,V;_,YD`,YDS,YEF,YF9,YG,,YG_
M,\P`,\PS,\QF,\R9,\S,,\S_,_\`,_\S,_]F,_^9,__,,___9@``9@`S9@!F
M9@"99@#,9@#_9C,`9C,S9C-F9C.99C/,9C/_9F8`9F8S9F9F9F:99F;,9F;_
M9ID`9IDS9IEF9IF99IG,9IG_9LP`9LPS9LQF9LR99LS,9LS_9O\`9O\S9O]F
M9O^99O_,9O__F0``F0`SF0!FF0"9F0#,F0#_F3,`F3,SF3-FF3.9F3/,F3/_
MF68`F68SF69FF6:9F6;,F6;_F9D`F9DSF9EFF9F9F9G,F9G_F<P`F<PSF<QF
MF<R9F<S,F<S_F?\`F?\SF?]FF?^9F?_,F?__S```S``SS`!FS`"9S`#,S`#_
MS#,`S#,SS#-FS#.9S#/,S#/_S&8`S&8SS&9FS&:9S&;,S&;_S)D`S)DSS)EF
MS)F9S)G,S)G_S,P`S,PSS,QFS,R9S,S,S,S_S/\`S/\SS/]FS/^9S/_,S/__
M_P``_P`S_P!F_P"9_P#,_P#__S,`_S,S_S-F_S.9_S/,_S/__V8`_V8S_V9F
M_V:9_V;,_V;__YD`_YDS_YEF_YF9_YG,_YG__\P`_\PS_\QF_\R9_\S,_\S_
M__\`__\S__]F__^9___,____`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#
M`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#
M`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#`0(#
M"/\``0@<2+"@P8,($RI<R+"APX<0(TJ<2+&BQ8L8,VK<R+&CQX\@0Q;$1K*D
MR9,H4ZI<R;*ERY<P8\J<2?,EP9HX<^K<R;.G3Y,W?PH=2K2H491!CRI=RK1I
MRJ1.HTJ=NA,JU:M8LR(=J+6KUZM6OXH=.S0LV;-H:YK%2>MD*U>MTLIMNI8G
MK4%7!LW=>[0N3E?8X+;`THI67+Z(??K].VAP*[R#`">>G'.QS+:"O;1JU4)0
MX<.40\>T?#G1#,*)'"?**UFT:Y:D8;JB-7@0;2RVK^`._+KW4ZX^737&(ORT
M<-VN$L'US9QD[)/7L$4W.0@+\>K7K0O7#AJTT;8LNZ?_]%Z2/,G6)J>?1-^R
M-7CI.)^WQ/[8^F;[]%WIGSO[K7_>,+W'DC0E"9B2@3K)MU(K6%RQ778.8B=<
M8YL5-4AU&`HRB&;FN>6*(%]8-]B(]H$V"S;W#2)((EY@J%EKF[6HH8P;#D*>
MAAKBQF&"P/'T%GVM7''%?815YYA1KF#1PH@NM####!V6AYT+5%;I`A94'EF>
MB$W2L.226)QD9),S.&DF>8VUX(*7@[$WDX(HP=C@=A%J)P@6,]A8WE"/C4A#
M`DIB(4A)ZI'4IY=8TN!"%B[4L&@+7NYGZ'`D0JHEBMC,X.6F).IE$H-^7JI6
MCS15^&ER#;:2"'ZZO?5IE']A_[EFE8I&EI)P:D)*@Z)64HDH>;(J*BR5Q'V:
MZ*S#>EI2DE9JQZ-`-0'6*C;OM>)%G1!B2E);@L)*DY%8,LKHKH0NZXJ:5WZ)
M!0WK!CI8F-NBV)BB6-9;F[F07IFNDE>ZI22C]7KK$IQPM7**J"C"Q>J0;FTV
M;4^-^3KKN(FD-(B5-,R@F6'Z;0?E>K)*;*6RV`S"ZZQKUHN>*[SRB@6",CU'
M8%M7>,:9=8:5=^>#VF):\V:=@>;F2](JJ2@A$[>@IWJM9)&OEYZ5=.*D<;56
MW9J#L9NO=>5],=B:-'B=:`N210>JL$?";!.I+R5R'X=7B/JC?289INK/01*V
MTZJ68O^1R!?-NADLE5XLB-+%PM*0Q;I5ZDU2L&&'V#C)29Z\Z]"CL<V2M)ZY
MHG%A@@C)FUX,$O<68/H):F,4N'$6M=HKM74HI"][,?9NGU)*KUZ8ET3@NI8.
M\L5P6%,K;[Y9#**(UDJZO66HCL>GN4H%YTWDC\B5OIG"@MC]6*O:!ZD93@R6
MZ65DK>R:I:W4+3FLXLN%-W;8R;U_&"TAFVXTL29Y[JN:+WL6``QGDE:=ZT7O
M>M"'D%,=!UDK3S;J3`1;)#Z!U2TPKK`=B2H&*J?1X`K&,]2YP+2O*^&&=,LZ
MS]>\I!S:T$MI@`&5DO0$O$!U9W^_$N!+-G,SAQ&F?$6RSZK_=//#[01M53\\
MS?5F8B27@<<+_XO>>=*$,EHM*4_D6=7D:,&LQIV'5KR+6,I:4SED%:LRTR,)
M@4AB0*6]93`5DU!U!J4DLEDK0HVY$&>\X+;3V&A(%GQ>H%Q`B*J="U%N=(ON
MH#<B/4W*3S.@!;?L%34-8FD_X+J7H<*UKT"NA#0]#*422\:=!['JA^$KD7TD
M!9/4J(E7D;'1U81UQO[5QU)-$EDB'U>E(^'*9:G3UQE;H:DJ5>P\+2,6[-8&
MK<T%YF!\>.,/$W@GO<AQ3D;2$&>2=[,(.A)`T('/X_[$27LEZ5BX<PN*2M>W
M1J5K.3)\5TDRZ3=L^`E>*'(7US;Y_[5_>5(ES[&>0.,&2(45$2^#DJ&JKN3#
MT\T$5!+CE6,N-C*2C8=!EFO2H`(3,AB>9W`V,II'>8FU,[+L9,Y"8S/;L\Z@
MG4MOH1M46ZPIJ)[U28\:BZ"I>A:>>7V-6+3#!M]$^DV5O$5$]4K`^.BI+&OU
M+7F=DA*)9E"2H?8--(6"B8*(.4V]N6J*)5J90)7X59DP"UW\,I.G^,6F6JY$
M.(I"UVE((L;+F02*59)<EM`C")0>QG/F`],R!Y;&E!`H,T"[$#CO1)P[);0\
M7/WC3ELSM970TP4AJH[S^I0H0*$P+J!IRR0K14.1CN^11E/<52%;J>58-5`<
MQ!1H>X8Y./^A2$C^00]]\()*MQCPGV)"5Y5X=Q(M6LD+@+D+;I33'R/^+T\<
MU9<+"F>21+P/9?C<Y,B0^<I9A4@07@"O8P6Q1M@4-CR<J1#JL'$G;'VHIMT)
MTC>9]A+K["N2!V)<#48DF3K6"ZDDPEK'A+G+;;737D6UIZ*<%C49ZLM+31*I
M#0F[4IK$;Y[X.24/O;/34M5K?4,3C@M>`,9\/LV*NPJ9K:Y&+(MF$%TH=3&_
MB(6Z9`Y+9"ECY@!]PMCW9J>Q)2I0361'J4`I*SKE-5FC@O?&33W*78C4$V<M
MQ5-L>(&<3&I!E6MXKWBBLV^6ZC!`SRL3WG[OQ\=!)7"I5T=BN17_9"]LTYB$
MFZL(XZ8U;6[3X<J4*T2QYRZ6<E+5&O2E7/9YM13>\4X8Y-YK7H=":T;)8SQS
M(?25BR1F<\7P/*/-A+7(O@VRG7"X:+P8J2@1&W4+JA-1:<62I+*/&02JI=P*
MS]!(0S;"-:IOM94*ZV0SN\UPD>(6-9ZTIKPN@5'=9+<?@?4N7N=IR7O<DT)H
M@U.K9)9)Z1:(YO8FV"E9Q72UP5G9$T5'/8.]C+1Y8EO+U@<UJOQA<YC3[@5!
M.H\WC?11PHV-RD:GLN+FMUV84N^5E,@Q/9QW<PI^$LS`)34:2LTWWR/PF*@G
M&A87YZ4WCA)^>YSC*0&X41A./?`A3.&O5B'Y>.#2F&*CG-[9U@G=GOURQ*@<
M)8>]L+YK_I6;\_SG)?%YG("^\)@3_>CF];531([TLPB]Z0I_.M2+KO2I6_TW
75;^ZUITCDJY[_>M@#[O8QT[VK@<$`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>26
<FILENAME>exhibit23_1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff" style='font-family:"Times New Roman"'>

<div style='width:600;'>



<p style=' margin-bottom:24pt; margin-top:6pt; margin-left:3in; text-indent:0.5in;text-align:right;'><b><font size=2>Exhibit 23.1</font></b></p>

<p style=' margin-bottom:24pt; margin-top:6pt; margin-left:3in; text-indent:0.5in;text-align:left;'><font size=2>August 7, 2006</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="532" style='border-collapse:collapse'>
    <tr >
        <td width="336" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="6" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Deloitte Accountants B.V.</font></b></p> </td> </tr>
    <tr >
        <td width="336" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="3" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Flight Forum 1</font></p> </td>
        <td   colspan="3">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="336" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="5" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5657 DA Eindhoven</font></p> </td>
        <td  width="45">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="336" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>P.O. Box 782</font></p> </td>
        <td   colspan="4">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="336" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="4" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5600 AT Eindhoven</font></p> </td>
        <td   colspan="2">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="336" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="96" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Netherlands</font></p> </td>
        <td   colspan="5">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr>
        <td width="336" ></td>

        <td width="96" ></td>

        <td width="11" ></td>

        <td width="9" ></td>

        <td width="33" ></td>

        <td width="1" ></td>

        <td width="45" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="511" style='border-collapse:collapse'>
    <tr >
        <td width="336" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Tel: +31 (040) 2345000</font></p> </td>
        <td  width="1">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td width="336" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="3" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Fax: +31 (040) 2345407</font></p> </td> </tr>
    <tr >
        <td width="336" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="123" nowrap valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>www.deloitte.nl</font></p> </td>
        <td   colspan="2">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr>
        <td width="336" ></td>

        <td width="123" ></td>

        <td width="51" ></td>

        <td width="1" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:11pt; margin-top:0pt;text-align:right;'><font size=1>&nbsp;</font></p>


<table width="600" border="0" cellspacing=0 cellpadding=0 style='border-collapse:collapse'>
    <tr >
        <td width="281" valign=top style='padding:0in 5.4pt 0in 5.4pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>ASML Holding N.V.</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>De Run 6501</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>5504 DR VELDHOVEN</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td> </tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="657" style='border-collapse:collapse'>
    <tr >
        <td width="37" valign=top style='padding:12.0pt 0in 0in 0in'>
            <p style='margin-left:0in;text-indent:0in;text-align:left;margin-top:12pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="255" valign=top style='padding:12.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Date</font></p> </td>
        <td width="259" valign=top style='padding:12.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>From:</font></p> </td>
        <td  colspan="3" valign=top style='padding:12.0pt 0in 0in 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Our reference</font></p> </td> </tr>
    <tr >
        <td width="37" valign=top >
            <p style='margin:0in;text-indent: 0in;text-align:left;margin-top:12pt;margin-bottom:.0001pt'><font size=1>&nbsp;</font></p> </td>
        <td width="255" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>August 7, 2006</font></p> </td>
        <td  colspan="2" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>J.G.C.M. Bun&#233;  </font></p> </td>
        <td width="27" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>op9949</font></p> </td>
        <td  width="48">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr>
        <td width="37" ></td>

        <td width="255" ></td>

        <td width="259" ></td>

        <td width="32" ></td>

        <td width="27" ></td>

        <td width="48" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:0.39in; text-indent:-0.39in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:0.39in; text-indent:-0.39in;text-align:left;'><B><font SIZE=2>CONSENT OF INDEPENDENT AUDITORS</font></B></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:justify;'><font size=2>We herewith give our consent to the incorporation by reference in this Registration Statement on Form S-8 of ASML Holding N.V. of our report dated January 27, 2006 as included in the Annual Report on Form 20-F of ASML Holding N.V. for the year ended December 31, 2005 filed with the Commission on January 27, 2006.</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt;text-align:left;'><font size=2>Deloitte Accountants B.V.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>/s/ J.G.C.M. Bun&#233;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>J.G.C.M. Bun&#233;</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


</div>
</BODY>
</HTML>



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
