0001449792-14-000017 Sample Contracts

PIONEER POWER SOLUTIONS, INC. FORM OF NONQUALIFIED STOCK OPTION AGREEMENT

Nonqualified Stock Option Agreement • June 19th, 2014 • Pioneer Power Solutions, Inc. • Power, distribution & specialty transformers • Delaware

• Contract Type
  Nonqualified Stock Option Agreement
• Filed
  June 19th, 2014
• Company
  Pioneer Power Solutions, Inc.
• Industry
  Power, distribution & specialty transformers
• Jurisdiction
  Delaware

This NONQUALIFIED STOCK OPTION AGREEMENT (the “Option Agreement”), dated as of ____________________ (the “Grant Date”), is between Pioneer Power Solutions, Inc., a Delaware corporation (the “Company”), and __________________ (the “Optionee”), a director, officer or employees of, or consultant or advisor to, the Company or a Subsidiary of the Company (a “Related Corporation”), pursuant to the Pioneer Power Solutions, Inc. 2011 Long Term Incentive Plan (the “Plan”).

PIONEER POWER SOLUTIONS, INC. FORM OF INCENTIVE STOCK OPTION AGREEMENT

Pioneer Power • June 19th, 2014 • Pioneer Power Solutions, Inc. • Power, distribution & specialty transformers • Delaware

• Contract Type
  Pioneer Power
• Filed
  June 19th, 2014
• Company
  Pioneer Power Solutions, Inc.
• Industry
  Power, distribution & specialty transformers
• Jurisdiction
  Delaware

This INCENTIVE STOCK OPTION AGREEMENT (the “Option Agreement”), dated as of ____________________ (the “Grant Date”), is between Pioneer Power Solutions, Inc., a Delaware corporation (the “Company”), and ____________________ (the “Optionee”), a key employee of the Company or of a Subsidiary of the Company (a “Related Corporation”), pursuant to the Pioneer Power Solutions, Inc. 2011 Long Term Incentive Plan (the “Plan”).