EXHIBIT 10.3

 

Long Term Incentive Plan Stock Option Grants

 

On February 8, 2013, as approved by the Compensation Committee of  the Pernix
Group, Inc. Board of Directors, stock option grants were awarded  in the amount
and upon the terms and conditions set forth below.

 

General Terms of Grant:

 

·      Form of grant: Stock option awards for non-employee Directors of Pernix
Group, Inc.

 

·      Term and vesting of stock options: The stock option grants vest equally
over a 3 year period and are coterminous with the expiration date of the plan or
10 years from the date of the grant, whichever occurs sooner.

 

·      Grant date: February 8, 2013.

 

·      Exercise Price per Stock Option: Fair market value of a share of Pernix
Group, Inc. common stock as of the grant date, to be determined by third party
appraisal.

 

·      Number of stock options:

 

 

 

Stock Options

 

Ralph Beck, Chairman

-

13,500

 

 

 

 

 

Trudy Clark, Director

-

13,000

 

 

 

 

 

Max Engler, Director

-

13,000

 

 

 

 

 

Don Gunther, Director

-

13,000

 

 

 

 

 

Ibrahim Ibrahim, Director

-

13,000

 

 

 

 

 

Carl Smith, Director

-

13,000

 

 

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