NXT ENERGY SOLUTIONS INC
(formerly ENE RGY EXPLORATION TECHNOLOGIES INC)
Dated July 6, 2006
Modified March 15, 2010
STOCK OPTION PLAN
A stock option plan (the "Plan"), pursuant to which options to purchase common shares, or such other
shares as may be substituted therefor ("Shares"), in the capital of Energy Exploration Technologies Inc.
(the "Corporation") may be granted to the directors, officers and employees of the Corporation and to
consultants retained by the Corporation, is hereby established on the terms and conditions set forth
The purpose of this Plan is to advance the interests of the Corporation by encouraging the directors,
officers and employees of the Corporation and consultants retained by the Corporation to acquire
Shares, thereby: (i) increasing the proprietary interests of such persons in the Corporation; (ii) aligning the
interests of such persons with the interests of the Corporation's shareholders generally; (iii) encouraging
such persons to remain associated with the Corporation and (iv) furnishing such persons with an
additional incentive in their efforts on behalf of the Corporation.
This Plan shall be administered by the board of directors of the Corporation (the "Board").
Subject to the terms and conditions set forth herein, the Board is authorized to provide for the
granting, exercise and method of exercise of Options (as defined in paragraph 3(d) below), all on
such terms (which may vary between Options granted from time to time) as it shall determine. In
addition, the Board shall have the authority to: (i) construe and interpret this Plan and all option
agreements entered into hereunder; (ii) prescribe, amend and rescind rules and regulations relating to
this Plan and (iii) make all other determinations necessary or advisable for the administration of this
Plan. All determinations and interpretations made by the Board shall be binding on all Participants
(as hereinafter defin