NORTHERN OIL AND GAS, INC. NON-QUALIFIED STOCK OPTION AGREEMENT FOR NON- EMPLOYEE DIRECTORNon-Qualified Stock Option Agreement • March 3rd, 2016 • Northern Oil & Gas, Inc. • Crude petroleum & natural gas • Minnesota
Northern Oil and Gas, Inc. (the "Company"), pursuant to Section 7 of its 2013 Equity Incentive Plan (the "Plan"), hereby grants to you, the Non-Employee Director named below, an Option to purchase the number of shares of the Company's common stock shown below. The terms and conditions of this Option Award are set forth in this Non-Qualified Stock Option Agreement (the "Agreement"), consisting of this cover page and the Terms and Conditions on the following pages, and in the Plan document, a copy of which has been provided to you. To the extent any capitalized term used in this Agreement is not defined, it shall have the meaning assigned to it in the Plan as it currently exists or as it is amended in the future.
