About Licence validity: age determines the term: which statement is correct?

Someone who renews their licence at 70 or older also gets a licence that is valid until the day they turn 75.

A few weeks past the expiry date you may still drive normally — there is always a grace period on an expired licence.

Exchanging your Dutch licence for a foreign one is itself a reason the Dutch licence loses its validity.

Explanation

trap: assumed-dual-validity. VekaBest p.24 — exchanging your Dutch licence for a foreign one is itself a reason the Dutch licence loses its validity