FX ENERGY, INC.
2004 LONG-TERM INCENTIVE PLAN
FX Energy, Inc., a Nevada corporation (the "Company"), hereby adopts this "2004 Long-Term Incentive
Plan" (the "Plan").
1. Purposes of the Plan. The Board has adopted this Plan with the intent, and directs that it be administered as
necessary, to attract and retain the best available personnel for positions of substantial responsibility; provide
additional incentive to Employees, Directors and Consultants; and promote the success of the Company's
Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined
by the Administrator at the time of grant. Stock Purchase Rights may also be granted under the Plan.
2. Definitions. As used herein, the following definitions shall apply:
(a) "Administrator" means the Board or any of its Committees as shall be administering the Plan in accordance
with section 4 of the Plan.
(b) "Applicable Laws" means the requirements relating to the administration of stock option plans under the
corporate laws of the state in which the Company is incorporated, federal and state securities laws, the Code, the
regulations and policies of any stock exchange or quotation system on which the Common Stock is listed or
quoted, and the Applicable Laws of any foreign country or jurisdiction where Options or Stock Purchase Rights
are or will be granted under the Plan.
(c) "Board" means the Board of Directors of the Company.
(d) "Code" means the Internal Revenue Code of 1986, as amended.
(e) "Committee" means a committee of Directors appointed by the Board in accordance with section 4 of the
(f) "Common Stock" means the common stock of the Company.
(g) "Company" means FX Energy, Inc., a Nevada corporation.
(h) "Consultant" means any person, including an advisor, engaged by the Company or a Parent or Subsidiary to
render services to such entity, including, at the discretion of the Administrator, an entity that is not a natural