0001299933-05-002417 Sample Contracts

NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • May 13th, 2005 • Amerigroup Corp • Hospital & medical service plans • Virginia

This Nonqualified Stock Option Agreement (the “Option Agreement”) is made and entered into as of , 200 (the “Date of Grant”), by and between AMERIGROUP Corporation, a Delaware corporation (the “Company”), and (the “Optionee”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Company’s 2005 Equity Incentive Plan (the “Plan”).

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INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • May 13th, 2005 • Amerigroup Corp • Hospital & medical service plans • Virginia

This Incentive Stock Option Agreement (the “Option Agreement”) is made and entered into as of , 200 (the “Date of Grant”), by and between AMERIGROUP Corporation, a Delaware corporation (the “Company”), and (the “Optionee”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Company’s 2005 Equity Incentive Plan (the “Plan”).

STOCK APPRECIATION RIGHT AGREEMENT
Stock Appreciation Right Agreement • May 13th, 2005 • Amerigroup Corp • Hospital & medical service plans • Virginia

This Stock Appreciation Right Agreement (the “SAR Agreement”) is made and entered into as of , 200 (the “Date of Grant”), by and between AMERIGROUP Corporation, a Delaware corporation (the “Company”), and (the “Grantee”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Company’s 2005 Equity Incentive Plan (the “Plan”).

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