[FX Energy letterhead]
August 3, 2000
[option holder address]
Dear [optionholder]:
Under an option agreement dated 8/01/95, FX Energy, Inc. previously granted you
an option to purchase [number of shares] of common stock at $ [amount] per share
at any time on or before August 1, 2000.
We have now determined that it is in the best interests of FX Energy, Inc. to
extend the term of the option. Accordingly, this confirms that the term of your
option has been extended to August 3, 2002, subject to the express condition
that:
(a) The option will not become exercisable by you until August 3, 2001: and
(b) The option cannot be transferred by you except by will or the laws of
descent or distribution until August 3, 2001.
Except as noted above, the terms and conditions of your original option referred
to above will remain in full force and effect.
Sincerely,
/s/
----------------------------
David N. Pierce
President
<PAGE>
Option Holder Exercise Price Number Expiration Date
------------- -------------- ------ ---------------
Thomas Lovejoy $3.00 150,000 August 3, 2002
Jerzy Maciolek 1.50 150,000 August 3, 2002
David N. Pierce 3.00 100,000 August 3, 2002
Andrew W. Pierce 3.00 50,000 August 3, 2002
Scott J. Duncan 3.00 50,000 August 3, 2002
Eva Sokolowski 1.50 25,000 August 3, 2002
Karin Warner 3.00 50,000 August 3, 2002
Laurence B. Flood 3.00 100,000 August 3, 2002
Jacque Bolton 1.50 3,000 August 3, 2002
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