0001108426-07-000170 Sample Contracts

AGREEMENT
Agreement • November 8th, 2007 • Public Service Co of New Mexico • Electric & other services combined • New Mexico

THIS AGREEMENT is entered into this _16th__ day of August, 2007, between PNM Resources, Inc., a New Mexico corporation, on its behalf and on behalf of its affiliates (“PNMR”) and Public Policy Strategy Group LLC, a New Mexico limited liability company (“Contractor”).

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PRIVILEGED AND CONFIDENTIAL Mr. Jeffry E. Sterba Chief Executive Officer PNM Resources, Inc. Alvarado Square, MS 2824 Albuquerque, NM 87158
Public Service Co of New Mexico • November 8th, 2007 • Electric & other services combined • New Mexico

As you are aware, we previously entered into a Retention Bonus Agreement with you effective as of October 31, 2003. With this letter, we are offering to amend and restate the Agreement in its entirety, effective as of January 1, 2007, except as set forth below.

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