Document:

Exhibit 10.3

 Exhibit 10.3 
 AMENDMENT TO MANAGEMENT AND ADVISORY SERVICES AGREEMENT 
 This Amendment to Management and Advisory Service Agreement is
made this 15th day of March, 2007 (this “Agreement”), between HUGHES COMMUNICATIONS, INC., a Delaware corporation (the “Advisor”); and HUGHES NETWORK SYSTEMS, LLC, a Delaware limited liability company
(“HNS”). 
 WHEREAS, the parties have entered into a Management and Advisory Service Agreement dated March 27,
2006; and 
 WHEREAS, pursuant to Section 8(e) of the Agreement, the parties desire to amend the Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained in this Amendment, the parties hereto hereby
agree as follows: 
 Section 1.    Definitions. Capitalized terms used herein and not defined
herein shall have the meaning ascribed to such terms in the Agreement. 
 Section 2.    Amendments. 
     2.1      Fees. Section 3 of the Management Services Agreement is hereby terminated, with effect from January 1, 2007. 
 Section 3.    Miscellaneous. 
     3.1      Ratification of Management Services Agreement. As modified hereby,
the Management Services Agreement and its terms and provisions are hereby ratified and confirmed for all purposes and in all respects. 
     3.2      Counterparts. This Amendment may be executed in two or more counterparts, which may be by facsimile, each of which will be deemed an original but
all of which together will constitute one and the same instrument. All such counterparts will be deemed an original, will be construed together and will constitute one and the same instrument. 
     3.3      Headings. The headings in this Amendment are for reference purposes
only and will not in any way affect the meaning or interpretation of this Amendment. 
     3.4      Governing Law. This Amendment shall be governed by, enforced under and construed in accordance with the laws of the State of New York, without giving effect (to the
fullest extent provided by law) to any choice or conflict of law provision or rule thereof which might result in the application of the laws of any other jurisdiction. Subject to Section 8 of the Management Services Agreement (which shall apply
to this Amendment as though set out in full in this Amendment, with the necessary changes), each of the Parties hereby irrevocably and unconditionally consents to submit to the exclusive jurisdiction of the courts of the State of New York and of the
United States of America in each case located in the County of New York for any litigation 

 
arising out of or relating to this Amendment (and agrees not to commence any litigation relating thereto except in such courts) and further agrees that
service of any process, summons, notice or document by U. S. certified or registered mail to its respective address set forth in Section 8 of the Management Services Agreement) shall be effective service of process for any litigation brought
against it in any such court. Each Party hereby irrevocably and unconditionally waives any objection to the laying of exclusive venue of any litigation arising out of this Amendment in the courts of the State of New York or of the United States of
America in each case located in the County of New York and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such litigation brought in any such court has been brought in an
inconvenient forum. 
 IN WITNESS WHEREOF, the parties have caused this Amendment to Management and Advisory Services Agreement to be
executed and delivered by their duly authorized officers or agents as of the date first above written. 
  

			
	HUGHES NETWORK SYSTEMS, LLC
		
	By:	 	     /s/ Dean A. Manson

		 	Name:   Dean A. Manson
		 	Title:      VP, General Counsel & Secretary
	
	HUGHES COMMUNICATIONS, INC.
		
	By:	 	     /s/ Grant A. Barber

		 	Name:  Grant A. Barber
		 	Title:    Executive VP & Chief Financial OfficerConfirmation of Power Purchase Transaction

 Exhibit 10.03 
  

					
	

	 	CREDIT SUISSE ENERGY LLC	 	
			
		 	 11 Madison Avenue,
 New York, NY 10010
	 	 Telephone 212-325-2000
 www.credit-suisse.com

 18 April 2007 
 El Paso Electric Company 
 123 West Mills 
 El Paso, TX 79901 
 Reference ID: **** 
  

 This confirmation letter shall confirm the Transaction agreed to on April 18, 2007 (Trade Date) between Credit
Suisse Energy, LLC (“CSE”) and El Paso Electric Company (“Counterparty”) regarding the sale/purchase of the Product under the terms and conditions as follows: 
  

			
	Governing Agreement:	  	This transaction is governed by definitions and provisions of the Western Systems Power Pool Agreement (the “WSPP Agreement”), as such agreement may be amended from time to time,
and as amended by CSE and Counterparty on July 3, 2006 and as further amended on December 11, 2006. In the event of any inconsistency between the WSPP Agreement and this Confirmation, this Confirmation will prevail.
		
	Type of Transaction:	  	Physically Settling Daily Heat Rate Call Option for Firm energy pursuant to Service Schedule C of the WSPP Agreement.
		
	Buyer:	  	Counterparty
		
	Seller:	  	CSE
		
	Delivery Point(s):	  	 Palo Verde (Peak 1, Peak 3, and Off-Peak)
 Four Corners
(Peak 2)

		
	Delivery Period:	  	May 1, 2007 (hour ending 0100 Pacific Prevailing Time (“PPT”)) – April 30, 2010 (hour ending 2400 PPT) Monday through Sunday, including North American Reliability Council
(“NERC”) holidays (the “Contract Term”)
		
	Delivery Hours:	  	
		
	Peak 1:	  	6 x 16, Monday through Saturdays excluding Sundays and NERC holidays, HE 0700 – HE 2200, PPT.
		
	Peak 2:	  	July 1, 2007 through September 30, 2007 and May through September each year of the Delivery Period thereafter, 6 x 16, Monday through Saturdays, HE 0700 –
HE 2200, excluding Sundays and NERC holidays PPT.
		
	Peak 3:	  	1 x 16 Sundays and NERC holidays, HE 0700 – HE 2200, Pacific Prevailing Time (PPT)
	
	 ****=Confidential treatment has been requested for the redacted portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as ****. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.

 

 
  

			
	    Off-Peak:	  	7 x 8, Monday through Sundays, HE 0100 – HE 0600 and HE 2300-HE 2400, PPT.
		
	Premium:	  	May 2007 - April 2008, USD**** per Month
		
		  	May 2008 - April 2009, USD**** per Month
		
		  	May 2009 - April 2010, USD**** per Month
		
	Premium Payment:	  	Twenty (20) calendar days following the end of each month in the Delivery Period, subject to adjustment in accordance with the following Business Day convention.
		
	Hourly Quantities:	  	
		
	Peak 1:	  	100 MW in such months where Peak 2 is inapplicable, otherwise 50 MW
		
	Peak 2:	  	50 MW
		
	Peak 3:	  	100 MW
		
	    Off-Peak:	  	50 MW
		
	Total Quantity:	  	Up to 2,192,000 MWh
		
	Strike Price:	  	Heat Rate * Gas Reference Price + USD****
		
	Gas Reference Price:	  	For each day of electric energy flow, **** for each such day ****.
		
	Heat Rate:	  	**** MMBTU/MWh
		
	Calculation Period:	  	Each month during the Contract Term.
		
	Scheduling:	  	In accordance with Western Electric Coordinating Council (“WECC”) guidelines, Counterparty may schedule the Hourly Quantity in increments of 25 MW, up to the maximum quantity for each
Hourly Quantity definition; provided, however, in respect of any delivery day, Counterparty shall not schedule any quantities that vary from hour-to-hour for any set of Delivery Hours on such particular delivery day. Should the Counterparty exercise
any quantity during Peak 2, the exercisable quantity for Peak 1 shall be reduced by such amount that is exercised for Peak 2.
		
	Option Exercise:	  	For option exercise call **** or **** prior to 6:30 AM PPT on the WECC Scheduling Day.
		
	Payment Terms:	  	Twenty (20) calendar days following the end of each month in the Delivery Period, subject to adjustment in accordance with the following Business Bay convention.
		
	Special Conditions:	  	The Parties may agree to a fixed Gas Reference Price for Minimum Schedule Energy (as defined below) to be delivered and received during a specific calendar month(s). If the Parties agree to a
fixed Gas Reference Price, Counterparty shall contemporaneously provide CSE a non-amendable schedule stating the minimum amount of energy (which in no event shall be less than 25 MW) to be delivered and received during all hours other than Off-Peak
Hours during the applicable calendar month (the “Minimum Schedule Energy”). Upon verbal confirmation of the non-amendable schedule, Counterparty shall be
	
	 ****=Confidential treatment has been requested for the redacted portions of this exhibit. The copy filed herewith omits the information
subject to the confidentiality request. Omissions are designated as ****. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.

 

 
  

			
		  	deemed to have exercised the call option for the Minimum Schedule Energy for the calendar month, and the agreed fixed Gas Reference Price shall apply to all Minimum Schedule Energy scheduled
for delivery and receipt in such calendar month. The variable Gas Reference Price described in the immediately preceding paragraph shall apply to all other energy (i.e., non-Minimum Schedule Energy) scheduled by Counterparty for delivery and receipt
during such month. If the Parties are unable to agree upon a fixed Gas Reference Price for any particular month, the variable Gas Reference Price referenced in the Gas Reference Price paragraph shall apply to all energy scheduled by Counterparty for
delivery and receipt during such month.

 Please execute and return this Confirmation to us, or provide notice of a dispute of any terms, or request a
correction of any error via fax at (212) 951-8823, herein within five (5) Business Days of the date written above. If you fail to respond within such time, then this Confirmation and all the terms herein shall be deemed accepted, affirmed
and fully executed by you, and enforceable in accordance with its terms.” 
  

			
	CREDIT SUISSE ENERGY LLC
		
	 By:
	 	 /s/ Dean Brier

	Name:	 	Dean Brier
	Title:	 	Vice President

  

			
	Confirmed as of the date first written above:
	EL PASO ELECTRIC COMPANY
		
	By:	 	 /s/ Gary R. Hedrick

	Name:	 	Gary R. Hedrick
	Title:	 	CEO & President
		
	By:	 	 /s/ Fernando Gireud

	Name:	 	Fernando Gireud
	Title:	 	Vice President

 ****=Confidential treatment has been requested for the redacted portions of this exhibit. The copy filed herewith
omits the information subject to the confidentiality request. Omissions are designated as ****. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.

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