0001108426-09-000068 Sample Contracts

PERFORMANCE RESTRICTED STOCK RIGHTS AWARD AGREEMENT PNM RESOURCES, INC. SECOND AMENDED AND RESTATED OMNIBUS PERFORMANCE EQUITY PLAN
Restricted Stock Rights Award Agreement • May 26th, 2009 • 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. Second Amended and Restated Omnibus Performance Equity Plan (the “Plan”), as it may be amended, a Performance Restricted Stock Rights Award (the “Award”) for the number of shares of common stock of Company (“Stock”) noted below. The grant is made effective as of the 9th day of March, 2009 (the “Grant Date”).

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PERFORMANCE CASH AWARD AGREEMENT PNM RESOURCES, INC. SECOND AMENDED AND RESTATED OMNIBUS PERFORMANCE EQUITY PLAN
Performance Cash Award Agreement • May 26th, 2009 • PNM Resources Inc • Electric services • New Mexico

PNM Resources, Inc., a New Mexico corporation, (“PNMR” or the “Company”) hereby awards to «First_Name» «Last_Name», (the “Participant”) a Participant in the PNM Resources, Inc. Second Amended and Restated Omnibus Performance Equity Plan (the “Plan”), as it may be amended, a Performance Cash Award (the “Award”) effective as of the 9th day of March, 2009.

PERFORMANCE CASH AWARD AGREEMENT PNM RESOURCES, INC. SECOND AMENDED AND RESTATED OMNIBUS PERFORMANCE EQUITY PLAN
Award Agreement • May 26th, 2009 • PNM Resources Inc • Electric services • New Mexico

PNM Resources, Inc., a New Mexico corporation, (“PNMR” or the “Company”) hereby awards to «First» «Last» (the “Participant”), a Participant in the PNM Resources, Inc. Second Amended and Restated Omnibus Performance Equity Plan (the “Plan”), as it may be amended, a Performance Cash Award (the “Award”) effective as of April 27, 2009.

RESTRICTED STOCK RIGHTS AWARD AGREEMENT PNM RESOURCES, INC. SECOND AMENDED AND RESTATED OMNIBUS PERFORMANCE EQUITY PLAN
Restricted Stock Rights Award Agreement • May 26th, 2009 • 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. Second Amended and Restated 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 ________, 2009 (the “Grant Date”).

PERFORMANCE SHARE AWARD AGREEMENT PNM RESOURCES, INC. SECOND AMENDED AND RESTATED OMNIBUS PERFORMANCE EQUITY PLAN
Performance Share Award Agreement • May 26th, 2009 • PNM Resources Inc • Electric services • New Mexico

PNM Resources, Inc., a New Mexico corporation, (“PNMR” or the “Company”) hereby awards to «First» «Last», (the “Participant”) a Participant in the PNM Resources, Inc. Second Amended and Restated Omnibus Performance Equity Plan (the “Plan”), as it may be amended, a Performance Share Award (the “Award”) for shares of Common Stock of Company (“Stock”). The grant is made effective as of April 27, 2009.

STOCK OPTION AWARD AGREEMENT PNM RESOURCES, INC. SECOND AMENDED AND RESTATED OMNIBUS PERFORMANCE EQUITY PLAN
Stock Option Award Agreement • May 26th, 2009 • 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. Second Amended and Restated 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 «Total_Stock_Options» shares of common stock of the Company (“Stock”), at an Exercise Price of $xx.xx per share, subject to the terms and conditions set forth in this Stock Option Award Agreement (the “Agreement”). The grant is given effective as of the ____ day of ________, 20__ (the “Grant Date”).

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