0001108426-05-000099 Sample Contracts

FIRST SUPPLEMENT TO UNIT PURCHASE AGREEMENT dated August 13, 2004 with CASCADE INVESTMENT, L.L.C. June 4, 2005
First Supplement to Unit Purchase Agreement • June 10th, 2005 • PNM Resources Inc • Electric services

Reference is made to the above-captioned agreement (the "UPA"). Capitalized terms used herein without definition have the respective meanings specified in the UPA.

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INVESTMENT AGREEMENT
Investment Agreement • June 10th, 2005 • PNM Resources Inc • Electric services • New Mexico

This INVESTMENT AGREEMENT dated as of June 6, 2005 (this "Agreement") is between PNM Resources, Inc., a New Mexico corporation ("Resources"), and TNP Enterprises, Inc., a Texas corporation ("TNPE").

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