0001108426-07-000013 Sample Contracts

STOCK OPTION AWARD AGREEMENT PNM RESOURCES, INC. OMNIBUS PERFORMANCE EQUITY PLAN
Stock Option Award Agreement • February 16th, 2007 • PNM Resources Inc • Electric services

PNM Resources, Inc., a New Mexico corporation (“PNM” or the “Company”), hereby awards to «First» «Last» (the “Optionee”), an employee of the Company and a Participant in the PNM Resources, Inc. Omnibus Performance Equity Plan (the “Plan”), as it may be amended, a non-qualified stock option (“Option” or “Options”) to purchase up to, but not to exceed in the aggregate «Stock_Options_» shares of Common Stock of the Company (“Stock”), at an Exercise Price of ______ per share, subject to the following terms and conditions. The grant is given effective as of the ___ day of _______, 2007 (the “Grant Date”).

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PERFORMANCE SHARE AWARD AGREEMENT PNM RESOURCES, INC. OMNIBUS PERFORMANCE EQUITY PLAN
Performance Share Award Agreement • February 16th, 2007 • PNM Resources Inc • Electric services • New Mexico

PNM Resources, Inc., a New Mexico corporation, (“PNMR” or the “Company”) hereby awards to __________, (the “Grantee”), a Participant in the PNM Resources, Inc. Omnibus Performance Equity Plan (the “Plan”), as it may be amended, a Performance Share Award (the “Award”) for the number of shares of Common Stock of Company (“Stock”) specified in Section 2 below. The grant is made effective as of the __th day of February, 2007.

RESTRICTED STOCK RIGHTS AWARD AGREEMENT PNM RESOURCES, INC. OMNIBUS PERFORMANCE EQUITY PLAN
Restricted Stock Rights Award Agreement • February 16th, 2007 • PNM Resources Inc • Electric services • New Mexico

PNM Resources, Inc., a New Mexico corporation, (“PNMR” or the “Company”) hereby awards to «First» «Last», (the “Grantee”), a Participant in the PNM Resources, Inc. Omnibus Performance Equity Plan (the “Plan”), as it may be amended, a Restricted Stock Rights Award (the “Award”) for the number of shares of Common Stock of the Company (“Stock”) noted below. The grant is made effective as of the ___ day of ______, 2007 (the “Grant Date”).

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