Common Contracts

PNM RESOURCES, INC. and U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent, Custodial Agent and Securities Intermediary and U.S. BANK NATIONAL ASSOCIATION, as Purchase Contract Agent AMENDED AND RESTATED PLEDGE AGREEMENT Dated as of August 4, 2008

Pledge Agreement • November 5th, 2008 • PNM Resources Inc • Electric services • New York

• Contract Type
  Pledge Agreement
• Filed
  November 5th, 2008
• Company
  PNM Resources Inc
• Industry
  Electric services
• Jurisdiction
  New York

AMENDED AND RESTATED PLEDGE AGREEMENT, dated as of August 4, 2008, among PNM RESOURCES, INC., a New Mexico corporation (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as collateral agent (in such capacity, together with its successors in such capacity, the “Collateral Agent”), as custodial agent (in such capacity, together with its successors in such capacity, the “Custodial Agent”), and as securities intermediary (as defined in Section 8-102(a)(14) of the UCC) with respect to the Collateral Account (in such capacity, together with its successors in such capacity, the “Securities Intermediary”), and as purchase contract agent and as attorney-in-fact of the Holders from time to time of the Units (in such capacity, together with its successors in such capacity, the “Purchase Contract Agent”) under the Purchase Contract Agreement.

PNM RESOURCES, INC. and U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent, Custodial Agent and Securities Intermediary and U.S. BANK NATIONAL ASSOCIATION, as Purchase Contract Agent PLEDGE AGREEMENT

Pledge Agreement • November 3rd, 2005 • PNM Resources Inc • Electric services • New York

• Contract Type
  Pledge Agreement
• Filed
  November 3rd, 2005
• Company
  PNM Resources Inc
• Industry
  Electric services
• Jurisdiction
  New York

PLEDGE AGREEMENT dated as of October 7, 2005 between PNM RESOURCES, INC., a New Mexico corporation (the "Company"), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as collateral agent (in such capacity, together with its successors in such capacity, the "Collateral Agent"), as custodial agent (in such capacity, together with its successors in such capacity, the "Custodial Agent"), and as securities intermediary (as defined in Section 8-102(a)(14) of the UCC) with respect to the Collateral Account (in such capacity, together with its successors in such capacity, the "Securities Intermediary"), and as purchase contract agent and as attorney-in-fact of the Holders from time to time of the Units (in such capacity, together with its successors in such capacity, the "Purchase Contract Agent") under the Purchase Contract Agreement.