EXECUTIVE EMPLOYMENT AGREEMENT
THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") is entered into April 18, 1997, to take
effect the 18th day of April, 1997 (the "Effective Date"), by and between FX Energy, Inc., a Nevada corporation
(the "Employer"), and SCOTT J. DUNCAN (the "Executive").
WHEREAS, the Executive desires employment as an employee of the Employer, and the Employer desires to
employ the Executive, under the terms and conditions hereof.
NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows:
ASSOCIATION AND RELATIONSHIP
1.1 Nature of Employment. The Employer hereby employs the Executive and the Executive hereby accepts
employment from the Employer upon the terms and conditions set forth herein.
1.2 Full Time Services. The Executive shall devote his full working time, attention, and services to the business
and affairs of the Employer and shall not, without the Employer's written consent, be engaged during the term of
this Agreement in any other substantial business activity other than normal investment activities, whether or not
such business activity is pursued for gain, profit, or other pecuniary advantages, that significantly interferes or
conflicts with the reasonable performance of his duties hereunder.
1.3 Duties. During the term of this Agreement, the Executive shall be employed by the Employer and shall initially
occupy the office of Vice-President and shall serve as Employer's Treasurer. The Executive agrees to serve in
such offices or positions with the Employer or any subsidiary of the Employer and such substitute or further
offices or positions of substantially consistent rank and authority as shall, from time to time, be determined by the
Employer's board of directors. The Executive agrees to perform such duties appropriate for an executive officer
of Employer as may be assigned to him from time to time by the Employer and as described in the Employer's
bylaws. The Empl