These types of puzzles are known as charades. What you have to do is find two words that are referred to in the first stanza and the second stanza and put them together to form the third word in the third stanza.
Just for example, if my first refers to 'off' and my second refers to 'ice', then my whole will be office.
My first is present - future's past -
A time in which your lot is cast.
My second is my first of space
Defining people's present place.
My whole describes a lack of site -
A place without length, breadth, or height.
A Man gave one of his sons 10 cents and another son was given 15 cents. What time is it?
Hint: Figure out the relation between time and number, is not so easy..:)