Document:

SEVERANCE PLAN

                    FIRST FEDERAL BANC OF THE SOUTHWEST, INC.

                               ROSWELL, NEW MEXICO

                      -------------------------------------
                          Effective on October 10, 2006

<PAGE>
                    FIRST FEDERAL BANC OF THE SOUTHWEST, INC.

                                 SEVERANCE PLAN

                                    ARTICLE I

                                     PURPOSE
                                     -------

     Section 1.1 Statement of Purpose
                 --------------------

     First Federal Banc of the  Southwest,  Inc.  adopts this Severance Plan for
the  benefit  of  its  eligible  employees  and  those  of  other  Participating
Employers. The Company recognizes that it may be subject to the possibility of a
negotiated  or  unsolicited  Change in  Control,  which may  result in a loss of
employment  for some of its  Employees.  The purpose of the Plan is to encourage
the Bank's  Employees  and those of other  Participating  Employers  to continue
working for their employers with their full time and attention  devoted to their
employer's   affairs  by  providing   prescribed  income  security  and  benefit
continuation  in the event of an  Involuntary  Severance  following  a Change in
Control.

     Section 1.2 Other  Severance  Plans,  Policies,  and  Practices  Superseded
                 ---------------------------------------------------------------

     As of the Effective  Date,  this Plan  supersedes in its entirety any plan,
policy,  or  practice of the Bank for the  provision  of  severance  benefits to
Employees  in the  event of  termination  of  employment  following  a Change in
Control,  whether written or oral or formal or informal.  No severance  benefits
shall be provided to any person who incurs a termination of employment  with the
Bank on or after the  Effective  Date  following a Change in Control,  except as
provided under the terms of the Plan or as provided under the terms of a written
executed  employment  agreement  or change  in  control  agreement  specifically
providing for the payment of benefits  following  termination of employment with
the Bank or other  Participating  Employer  in  connection  with or  following a
Change in Control.

                                   ARTICLE II

                                   DEFINITIONS
                                   -----------

     For  purposes of the Plan,  the  following  terms  shall have the  meanings
assigned to them below,  unless a different  meaning is plainly indicated by the
context:

     Section 2.1  Affiliated   Employer   means  the   Bank;   any   corporation
                  ---------------------
which is amember of a controlled group of corporations (as
defined in  section  414(b) of the Code) that  includes  the Bank;  any trade or
business (whether or not incorporated)  that is under common control (as defined
in section 414(c) of the Code) with the Bank; any  organization  (whether or not
incorporated)  that is a member of an  affiliated  service  group (as defined in
section 414(m) of the Code) that includes the Bank; any leasing organization (as
defined in section  414(n) of the Code) to the extent that any of its  employees
are required  pursuant to section  414(n) of the Code to be treated as employees
of the Bank;  and any other  entity that is required to be  aggregated  with the
Bank pursuant to regulations under section 414(o) of the Code.
<PAGE>
     Section 2.2  Bank means First Federal Bank.
                  ----

     Section 2.3  Base  Salary  means,  for  any  Employee  as  of any  date  of
                  ------------
reference, the Employee's annual rate of base salary. However, amounts earned in
excess of $220,000  (as  indexed)  will not be included  in an  Employee's  Base
Salary. For these purposes,  Base Salary will be indexed in the same time and in
the same manner as required under Code Section 401(a)(17).

     Section 2.4  Board means the Board of Directors of First  Federal Banc
                  -----
of the Southwest, Inc.

     Section 2.5  Cause means,  with respect to the conduct of an Employee
                  -----
in connection  with his employment  with any  Participating  Employer,  personal
dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving
personal  profit,  intentional  failure to  perform  stated  duties,  or willful
violation  of any law,  rule or  regulation  (other than traffic  violations  or
similar offenses) or final cease and desist order, or any material breach of any
material  provision  of this Plan,  in each case as measured  against  standards
generally  prevailing at the relevant time in the  community  banking  industry;
provided,  however, that, solely for purposes of the Plan, an Employee shall not
be deemed to have been  discharged  for  Cause  unless  and until the  Committee
determines (after reasonable notice to the Employee and a reasonable opportunity
for the Employee to make oral and written presentations to the Committee, on his
own behalf, or through a representative, who may be his legal counsel, to refute
the grounds for the proposed  determination)  that grounds exist for discharging
the Employee  for "Cause".  No act or failure to act on the part of the Employee
shall be  considered  "willful"  unless  done,  or  omitted  to be done,  by the
Employee  not in good faith and without  reasonable  belief that the  Employee's
action or omission was in the best interest of the Bank.

     Section 2.6  Change  in  Control  shall  be  deemed  to  have  occurred  at
                  -------------------
such time as (a) any "person"  (as the term is used in Sections  13(d) and l4(d)
of the  Securities  Exchange  Act of 1934  ("Exchange  Act")) is or becomes  the
"beneficial  owner" (as defined in Rule l3d-3 under the Exchange Act),  directly
or indirectly,  of securities of the Company  representing  more than 50% of the
combined  voting power of the Company's  outstanding  securities  except for any
securities  purchased by the Bank's  employee stock  ownership plan or trust; or
(b)  individuals  who  constitute  the Board on the date hereof (the  "Incumbent
Board") cease for any reason to constitute at least a majority thereof, provided
that any person becoming a director subsequent to the date hereof whose election
was approved by a vote of at least  three-quarters  of the directors  comprising
the  Incumbent  Board,  or  whose  nomination  for  election  by  the  Company's
stockholders  was approved by the same  Nominating  Committee  serving  under an
Incumbent Board, shall be, for purposes of this clause (b), considered as though
he were a  member  of the  Incumbent  Board;  or (c)  consummation  of a plan of
reorganization,  merger,  consolidation,  sale of all or  substantially  all the
assets of the Bank or the  Company or similar  transaction  unless,  immediately
following such  transaction,  at least a majority of the members of the board of
directors or other  governing  body of the  resulting  or  surviving  entity are
individuals who were members of the Board  immediately  prior to the transaction
and equity interests representing at least a majority of the voting power in the
election  of  directors  or other  members  of the board of  directors  or other
governing  board of the  resulting  or surviving  entity are owned,  immediately
following such transaction, by persons who owned common stock of the Company

                                       2
<PAGE>
immediately  prior to such  transaction and in  substantially  the same relative
proportions as their ownership of common stock of the Company  immediately prior
to such transaction; or (d) consummation of a tender offer pursuant to which the
shareholders  owning  beneficially or of record more than 50% of the outstanding
securities  of the Company have  tendered  their shares  pursuant to such tender
offer and such tendered shares have been accepted by the tender offeror;  or (e)
consummation  of a  dissolution  or  complete  liquidation  of the  Bank  or the
Company,  or  shareholder  approval  of a plan for the  dissolution  or complete
liquidation of the Bank or the Company. Notwithstanding anything to the contrary
herein, in the event of an Employee's  Involuntary Severance due to a reason set
forth in section  2.14(b)  hereof,  "Change in Control"  shall also  satisfy the
definition set forth in the Regulations.

     Section 2.7  Code  means  the  Internal  Revenue  Code of 1986, as amended.
                  ----

     Section 2.8  Code Section 409A Key Employee  means a "key  employee" within
                  ------------------------------
the meaning of Code Section 409A.

     Section 2.9  Committee  means the  Benefits  Committee  of the Bank or such
                  ---------
other  person or entity as the Board may  specify to  perform  the duties of the
Committee under the Plan; provided, however, that following a Change in Control,
the Committee  shall consist  exclusively  of those  individuals  serving on the
Committee  immediately prior to the Change in Control and such other individuals
as may be appointed by the incumbent members of the Committee.

     Section 2.10 Company   means  First  Federal  Banc  of  the Southwest, Inc.
                  -------

     Section 2.11 Effective Date means October 10, 2006.
                  --------------

     Section 2.12 Employee means  an  employee  of  a Participating Employer who
                  --------
is listed on Exhibit A.

     Section 2.13 FDI Act  mean s the Federal Deposit Insurance Act, as the same
                  -------
may be  amended  from  time to time,  and the  corresponding  provisions  of any
successor statute.

     Section 2.14 Involuntary Severance means a)  the   discharge   or dismissal
                  ---------------------
of an  Employee  by a  Participating  Employer  other  than  for  Cause  or  (b)
termination of employment at an Employee's election after any action following a
Change in Control which,  either alone or together with other  actions,  results
in: (i) the material  reduction of the Employee's base  compensation or benefits
by more than 20% or (ii) the  relocation of the  Employee's  principal  place of
employment  by more than 30 miles  from its  location  immediately  prior to the
Change in Control'.

     Section 2.15 Participating   Employer  means  the  Bank   and   its  wholly
                  ------------------------
owned  subsidiaries and any successor thereto and any other Affiliated  Employer
which,  with the prior  written  approval of the Board and subject to such terms
and conditions as may be imposed by the Board, shall adopt this Plan.

                                       3
<PAGE>

     Section 2.16 Plan  means  this First Federal  Banc of  the  Southwest, Inc.
                  ----
Severance Plan, as the same may be amended from time to time.

     Section 2.17 Regulations  means  the  proposed  or  final  U.S.  Treasury
                   -----------
Department Regulations under Code Section 409A.

     Section 2.18 Separation from Service means,  consistent  with  Code Section
                  -----------------------
409A(2)(a)(i), an Employee's death, retirement, or termination of employment. No
Separation  from Service  shall be deemed to occur due to military  leave,  sick
leave or other  bona fide  leave of absence if the period of such leave does not
exceed six months or, if longer,  so long as an Employee's right to reemployment
is  provided  by law or  contract.  If  the  leave  exceeds  six  months  and an
Employee's right to reemployment is not provided by law or by contract,  then an
Employee  shall have a  Separation  from  Service on the first date  immediately
following  such six-month  period.  An Employee shall not be treated as having a
Separation  from  Service  if the  Employee  provides  more  than  insignificant
services for the Bank and Company  following the Employee's  actual or purported
termination  of employment  with Bank and Company.  Services shall be treated as
not being insignificant if such services are performed at an annual rate that is
at least equal to 20 percent of the  services  rendered by the Employee for Bank
and Company,  on average,  during the immediately  preceding three full calendar
years of employment  (or if employed less than three years,  such shorter period
of employment)  and the annual base  compensation  for such services is at least
equal to 20 percent of the average  base  compensation  earned  during the final
three full calendar  years of employment  (or if employed less than three years,
such  shorter  period of  employment).  Where an Employee  continues  to provide
services  to a previous  employer  in a capacity  other than as an  employee,  a
Separation  from Service will not be deemed to have  occurred if the Employee is
providing  services at an annual rate that is 50 percent or more of the services
rendered,  on average,  during the immediate preceding three full calendar years
of employment (or if employed less than three years, such lesser period) and the
annual base  compensation  for such services is 50 percent or more of the annual
base  compensation  earned  during  the  final  three  full  calendar  years  of
employment (or if less, such lesser period).

     Section 2.19 Severance Period means (a) in the case of a Tier One Employee,
                   ----------------
a period of twelve  (12)  months  -; (b) in the case of a Tier Two  Employee,  a
period of six (6) months; and (c) in the case of a Tier Three Employee, a period
of three (3) months .

     Section 2.20 Tier  One  Employee  means an  Employee  listed as a  Tier One
                  -------------------
Employee in Exhibit A.

     Section 2.21 Tier Two  Employee  means an  Employee  listed  as a  Tier Two
                  ------------------
Employee in Exhibit A.

     Section 2.22 Tier Three  Employee  means an Employee listed as a Tier Three
                  -------------------
Employee in  Exhibit A.

                                       4
<PAGE>

                                   ARTICLE III

                                    BENEFITS
                                    --------

     Section 3.1  Severance Benefits
                  ------------------

     (a) An  Employee  whose  employment  with all  Participating  Employers  is
terminated under circumstances  constituting an Involuntary  Severance and whose
termination  occurs  upon or within  twelve  (12)  months  following a Change in
Control shall be entitled to the following  benefits:  a Tier One Employee shall
receive as  severance  pay under this Plan a lump sum payment  representing  one
hundred  percent  (100%) of Base Salary;  a Tier Two Employee  shall  receive as
severance  pay under this Plan a lump sum  payment  representing  fifty  percent
(50%) of Base Salary;  and a Tier Three  Employee shall receive as severance pay
under this Plan a lump sum payment  representing  twenty-five  percent  (25%) of
Base  Salary.  Except as provided in section  3.4, the lump sum shall be due and
payable on the date of the  Employee's  Involuntary  Severance.  Notwithstanding
anything in the Plan to the  contrary:  if an Employee's  Involuntary  Severance
occurs prior to his  Separation  from Service,  his  severance  benefit shall be
deferred until and shall be payable on the date of his  Separation  from Service
provided, however, if such Employee is also a Code Section 409A Key Employee and
the following is required by Code Section 409A and the  regulations  thereunder,
his severance benefit shall be deferred until and shall be payable in a lump sum
on the six-month  anniversary of the later of his  Involuntary  Severance or his
Separation from Service.  Any severance  benefit that is not paid in full within
eight (8) calendar days following the  recipient's  Involuntary  Severance shall
accrue interest at the applicable  federal rate ("AFR") as determined under Code
Sections 280G and 1274(d), credited daily and compounded annually, from the date
of Involuntary Severance to the actual date of payment.

     (b)  Notwithstanding  the  preceding  paragraphs of this section 3.1, in no
event shall the benefits payable hereunder,  when aggregated with other benefits
subject to Section 280G of the  Internal  Revenue  Code of 1986,  constitute  an
"excess  parachute  payment" under Section 280G of the Internal  Revenue Code of
1986 or any successor thereto, and in order to avoid such a result, the benefits
payable  hereunder  will be reduced,  if necessary,  to an amount,  the value of
which is one dollar  ($1.00) less than the amount which would be  considered  an
excess parachute payment.

     Section 3.2  Insurance Benefits.
                  ------------------

     An Employee who is eligible for severance  benefits under section 3.1 shall
also be eligible for  continuation  of coverage under any group medical,  dental
and other plans which  constitute  "group health  plans"  (within the meaning of
section 607(1) of ERISA) for a period equal to the Employee's  Severance Period;
provided the Employee is participating in such group health plans at the time of
their Involuntary  Serverance.  Such coverage shall be substantially  comparable
and on terms and conditions (including,  but not limited to, coverage of spouses
and dependents and any  premium-sharing  arrangements)  no less favorable to the
Employee than those in effect  immediately  prior to his Involuntary  Severance,
provided,  however,  that  nothing  set forth  herein is intended to shorten the
period that such Employee is entitled to health care continuation coverage under
Code Section 4980B,  or other  applicable  federal,  state, or local law. If the

                                       5
<PAGE>
Employee is eligible for a continuation of coverage under this section 3.2 and a
continuation  of coverage  under  applicable  federal,  state or local law,  the
periods of coverage shall run concurrently.

     Section 3.3  Vesting.
                  -------

     The benefits to be provided under sections 3.1 and 3.2 of the Plan shall be
completely vested and nonforfeitable upon the occurrence of a Change in Control.

     Section 3.4  Benefits Contingent on Execution of Release
                  -------------------------------------------

     The provision of severance benefits under the Plan to any Employee shall be
subject to the condition that the Employee  execute and deliver to the Committee
an  instrument,  in such form as the  Committee  shall  prescribe,  which  shall
include a release in favor of the  Participating  Employers and their  officers,
employees,   agents,   owners,   heirs,   successors  and  assigns  for  certain
employment-related  claims. Such release shall include, but not be limited to, a
release of any claims  which the  Employee  may have  against any  Participating
Employer under the Age Discrimination in Employment Act of 1967, as amended; the
Fair Labor  Standards  Act, as amended;  the Worker  Adjustment  Retraining  and
Notification  Act, as amended;  the Civil Rights Act of 1866, as amended;  Title
VII of the Civil Rights Act of 1964, as amended; and any other federal, state or
local law, rule or regulation  under which the Employee may have a claim arising
out of his employment with a  Participating  Employer or the termination of such
employment.  No  Participating  Employer  shall have any  obligation  to provide
benefits under this Plan to any Employee who fails or refuses, following request
in writing made within five (5) business days after the  Employee's  Involuntary
Severance or the occurrence of a Change in Control  (whichever is later) to sign
and  deliver  such a release.  If a request  for a release is timely  made,  the
Participating  Employers' obligation to provide benefits under the Plan shall be
deferred  until such release has been executed and delivered by the Employee and
any period during which the Employee has a legal right to revoke the release has
expired.

     Section 3.5  Withholding.
                  -----------

     Payments  under  Section  3.1 hereof  shall be  subject  to all  applicable
federal, state and local income withholding taxes.

                                   ARTICLE IV

                                 ADMINISTRATION
                                 --------------

     Section 4.1  Named Fiduciaries.
                  -----------------

     The term  "Named  Fiduciary"  shall  mean  (but  only to the  extent of the
responsibilities of each of them) the Plan Administrator,  the Committee and any
person or entity  named as a fiduciary  pursuant  to the  written  documentation
pertaining  to the Plan.  This  Article IV is intended to allocate to each Named
Fiduciary the responsibility for the prudent execution of the functions assigned

                                       6
<PAGE>
to him or it,  and none of such  responsibilities  or any  other  responsibility
shall be shared by two or more of such  Named  Fiduciaries.  Whenever  one Named
Fiduciary  is required  by the Plan to follow the  directions  of another  Named
Fiduciary, the two Named Fiduciaries shall not be deemed to have been assigned a
shared responsibility,  but the responsibility of the Named Fiduciary giving the
directions shall be deemed his sole  responsibility,  and the  responsibility of
the Named Fiduciary  receiving those  directions shall be to follow them insofar
as such instructions are on their face proper under applicable law.

     Section 4.2  Benefits Committee.
                  ------------------

     (a) There  shall be a  Benefits  Committee,  consisting  of not less than 3
individuals  who shall be appointed by the Chief  Executive  Officer of the Bank
and who shall accept such  appointment  by  delivering a written  notice of such
acceptance to the Chief  Executive  Officer as hereinafter  provided;  provided,
however,  that  following the  occurrence  of a Change in Control,  the Benefits
Committee  shall consist solely of those  individuals  serving as members of the
Committee immediately prior to the Change in Control who consent to so serve and
any additional  individuals appointed from time to time by the incumbent members
of the  Committee.  The  Committee  shall have the  powers and  responsibilities
enumerated in section  4.2(c).  The Committee  shall elect a Chairman who shall,
and may appoint a  Secretary  who need not,  be a member of the  Committee.  Any
filing  which is required or permitted  to be made with the  Committee  shall be
deemed to be  satisfactorily  made upon mailing or delivering such filing to the
Secretary of the Committee, or, if a Secretary is not appointed, to the Chairman
of the  Committee.  A member of the Committee may resign only by giving at least
thirty (30) days' prior written  notice of  resignation  to the Committee and to
the Chairman of the Board, and such  resignation  shall be effective on the date
specified in such notice.

     (b) The  Committee  shall  hold  meetings  at such  times and may make such
administrative  rules as it may deem  proper.  Except  as  provided  in the last
sentence of this  section  4.2(b),  any action of the  Committee  shall be taken
pursuant to a majority  vote taken at a meeting,  or  pursuant to the  unanimous
consent of its members without a meeting,  and such action shall  constitute the
action  of the  Committee  and  shall be  binding  in the same  manner as if all
members of the  Committee had joined  therein.  A majority of the members of the
Committee shall  constitute a quorum.  The Committee shall record minutes of any
actions taken at its meetings or of any other  official  action of the Committee
and  shall  report to the Board at least  once each year on its  activities.  No
member of the Committee who would be affected by a particular  matter upon which
the  Committee is scheduled  to act shall be  permitted  to  participate  in the
Committee's  action with  respect to such matter,  nor shall he be  considered a
member of the Committee for purposes of determining the existence of a quorum or
a majority or  unanimous  vote with  respect to such  action,  unless all of the
members of the  Committee  are  affected  thereby.  Any person  dealing with the
Committee  shall  be  fully  protected  in  relying  upon  any  written  notice,
instruction,  direction or other  communication  signed by the  Secretary of the
Committee or by two (2) of the members of the  Committee or by a  representative
of the Committee authorized by the Committee to sign the same in its behalf.

     (c) The Committee shall,  subject to the  responsibilities of the Board and
the terms and conditions of the Plan, have the following responsibilities:

                    (i) To review the performance of the Plan Administrator;

                                       7
<PAGE>
                    (ii) To hear and  decide  appeals,  pursuant  to the  claims
               procedure  contained  in  Article V of the Plan,  taken  from the
               decisions of the Plan Administrator;

                    (iii) To hear and decide questions, including interpretation
               of the Plan,  as may be  referred  to the  Committee  by the Plan
               Administrator;

                    (iv)  To  report  and  make  recommendations  to  the  Board
               regarding changes in the Plan, including changes in the operation
               and management of the Plan;

                    (v) To designate an alternate Plan Administrator to serve in
               the event that the Administrator is absent or otherwise unable to
               discharge his responsibilities;

                    (vi)  To  remove  and  replace  the  Plan  Administrator  or
               alternate,  or both of  them,  and to fill a  vacancy  in  either
               office;

                    (vii) To  discharge  such other  responsibilities  or follow
               such  directions  as may  be  assigned  or  given  by the  Board,
               consistent with the terms of the Plan; and

                    (viii)  To  perform  any  duty or take any  action  which is
               allocated to the Committee under the Plan.

The Committee  shall have the power and authority  necessary or  appropriate  to
carry out its responsibilities.

     Section 4.3  Plan Administrator.
                  ------------------

     There shall be a Plan  Administrator,  who shall be the Committee,  or such
person,  committee  or entity as shall be appointed  by the  Committee,  and who
shall,  subject to the responsibilities of the Committee and the Board, have the
responsibility   for  the   day-to-day   control,   management,   operation  and
administration of the Plan (except trust duties).  The Plan Administrator  shall
have the following responsibilities:

     (a) To maintain records necessary or appropriate for the  administration of
the Plan;

     (b) To give and receive such instructions, notices, information, materials,
reports  and   certifications   as  may  be  necessary  or  appropriate  in  the
administration of the Plan;

     (c) To prescribe forms and make rules and  regulations  consistent with the
terms  of the  Plan  and  with the  interpretations  and  other  actions  of the
Committee;

     (d) To  require  such  proof or other  evidence  as to any matter as may be
necessary or appropriate in the administration of the Plan;

     (e)  To  prepare  and  file,   distribute  or  furnish  all  reports,  plan
descriptions,  and other  information  concerning the Plan,  including,  without
limitation, communications with Employees and other persons;

                                       8
<PAGE>
     (f) To determine any question  arising in connection with the Plan, and the
Plan  Administrator's  decision or action in respect  thereof shall be final and
conclusive and binding upon the Bank, Employees,  and any other person having an
interest  under the Plan;  provided,  however,  that any  question  relating  to
inconsistency  or omission in the Plan, or  interpretation  of the provisions of
the Plan, shall be referred to the Committee by the Plan  Administrator  and the
decision of the Committee in respect thereof shall be final;

     (g) Subject to the provisions of Article V, to review and dispose of claims
under the Plan filed pursuant to Article V;

     (h) If the Plan  Administrator  shall  determine that by reason of illness,
senility,  insanity,  or for any other  reason,  it is  undesirable  to make any
payment to a  Employee,  or any other  person  entitled  thereto,  to direct the
application of any amount so payable to the use or benefit of such person in any
manner that he may deem advisable or to direct in his discretion the withholding
of any payment under the Plan due to any person under legal  disability  until a
representative  competent  to  receive  such  payment  in his  behalf  shall  be
appointed pursuant to law;

     (i) To discharge such other  responsibilities  or follow such directions as
may be  assigned or given by the  Committee  or the Board,  consistent  with the
terms of the Plan; and

     (j) To perform any duty or take any action  which is  allocated to the Plan
Administrator under the Plan.

The  Plan  Administrator  shall  have  the  power  and  authority  necessary  or
appropriate to carry out his responsibilities. The Plan Administrator may resign
only by giving at least 30 days'  prior  written  notice of  resignation  to the
Committee, and such resignation shall be effective on the date specified in such
notice.

     Section 4.4  Allocation of Fiduciary Responsibilities and Employment of
                  ----------------------------------------------------------
                  Advisors.
                  --------

     Any Named Fiduciary may:

     (a)  allocate  any  of  his or its  responsibilities  (other  than  trustee
responsibilities) under the Plan to such other person or persons as he or it may
designate,  provided  that  such  allocation  and  designation  shall be made in
writing and filed with the Plan Administrator;

     (b) employ one or more persons to render advice to him or it with regard to
any of his or its responsibilities under the Plan; and

     (c) consult with counsel, who may be counsel to the Bank.

     Section 4.5  Other Administrative Provisions.
                  -------------------------------

                                       9
<PAGE>

     (a) Any person whose claim has been denied in whole or in part must exhaust
the administrative  review procedures  provided in Article V prior to initiating
any claim for judicial review.

     (b) No bond or other  security  shall be  required  of a member of the Plan
Administrator,  the Committee and/or any officer or employee of the Bank to whom
fiduciary responsibilities are allocated by a Named Fiduciary,  except as may be
required by applicable law.

     (c) Subject to any  limitation on the  application  of this section  4.5(c)
pursuant to applicable law, neither the Plan Administrator nor any member of the
Committee   nor  any  officer  or  employee  of  the  Bank  to  whom   fiduciary
responsibilities are allocated by a Named Fiduciary, shall be liable for any act
of omission or commission by himself or by another  person,  except each for his
own individual willful and intentional malfeasance.

     (d) The Plan  Administrator  or the Committee  may,  except with respect to
actions under Article V or as otherwise  provided by law, shorten or extend (but
not beyond  sixty (60) days) or waive the time  required  by the Plan for filing
any  notice  or  other  form  with  the  Plan  Administrator  or  Committee,  as
applicable, or taking any other action under the Plan.

     (e) The Plan  Administrator  or the  Committee may direct that the costs of
services provided pursuant to section 4.4, and such other reasonable expenses as
may be  incurred  in the  administration  of the Plan,  shall be paid out of the
funds of the Plan, unless the Bank shall pay them.

     (f) Any person,  group of persons,  committee,  corporation or organization
may serve in more than one fiduciary capacity with respect to the Plan.

     (g) Any action taken or omitted by the Plan  Administrator or the Committee
with respect to the Plan, including any decision, interpretation,  claims denial
or  review  on  appeal,  shall be  conclusive  and  binding  on the Bank and all
interested  parties  and shall be subject to judicial  modification  or reversal
only to the extent  determined  by a court of competent  jurisdiction  that such
action or omission was arbitrary and capricious and contrary to the terms of the
Plan.

     (h) The Participating Employers, jointly and severally, shall indemnify the
Committee,  its members and the Plan Administrator  against, and defend them and
hold them harmless from, any and all losses,  costs,  expenses,  liabilities and
exposures of any name and nature  whatsoever which they may suffer or incur as a
result of service,  including acts or omissions to act, as Plan Administrator or
as  a  member  of  the   Committee.   Following  a  Change  in   Control,   such
indemnification,  defense and hold  harmless  shall be to an extent and on terms
and conditions no less favorable to the Committee members and Plan Administrator
than those in effect immediately prior to the Change in Control.

     (i) The  Participating  Employers  shall  purchase and maintain a customary
policy  of  insurance   insuring  the  Committee,   its  members  and  the  Plan
Administrator against losses, costs, expenses,  liabilities and exposures of any

                                       10
<PAGE>
name and  nature  whatsoever  which  they  may  suffer  or incur as a result  of
service,  including  acts or  omissions  to act, as Plan  Administrator  or as a
member of the Committee.  Following a Change in Control, such insurance coverage
indemnification,  defense and hold  harmless  shall be to an extent and on terms
and conditions no less favorable to the Committee members and Plan Administrator
than those in effect immediately prior to the Change in Control.

                                    ARTICLE V

                           BENEFIT CLAIMS AND APPEALS
                           --------------------------

     Section 5.1  General Procedures.
                  ------------------

     (a) (i) Any claim  relating to benefits  under the Plan shall be filed with
the Plan Administrator on a form prescribed by it. The Plan Administrator  shall
appoint a person to  review  and make a  determination  on the  claim.  The Plan
Administrator  shall  give the  claimant  written  notice of the  determination.
Except as provided in section 5.1(a)(ii),  a notice of determination (whether or
not adverse) on a claim under this section shall be given not later than 90 days
after receipt.

     (ii)  If  the  Plan  Administrator  finds  it  necessary,  due  to  special
circumstances  (for example,  the claimant's  failure to provide all information
required  to process  the claim or the need to hold a  hearing),  to extend this
period and so notifies the claimant in writing,  the decision  shall be rendered
as soon as  practicable,  but in no event later than 180 days after receipt of a
claim. Any notice of such an extension shall be in writing, shall be made within
the initial claim  determination  period,  and shall specify the reasons for the
extension and the date by which a decision on review is expected to be rendered.

     (iii) The notice of determination of a claim filed under this section shall
specifically set forth:

                           (A) The reasons for the denial; and

                           (B) The pertinent Plan provisions on which the denial
         was based; and

                           (C) Any additional material or information necessary
         for the claimant to perfect his claim and an explanation of why such
         material or information is needed; and

                           (D) An explanation of the Plan's procedure for review
         of the denial of the claim, the time limits applicable to such
         procedure and a statement of the claimant's right to bring a civil
         action to recover benefits due to him under the terms of the Plan and
         any other civil action under section 502(a) of ERISA following an
         adverse benefit determination on review.

                                       11
<PAGE>
     If a claimant does not receive a written notice of the determination of the
claim on or before the date prescribed by this section  5.1(a),  the claim shall
be deemed as having been denied on such date for the purpose of  permitting  the
claimant to request review of the claim.

     (b) (i) Any person  whose claim filed  pursuant to section  5.1(a) has been
denied in whole or in part may  request  review  of the claim by the  Committee,
upon a form prescribed by the Committee.  The review shall not afford  deference
to the initial adverse benefit determination.  The claimant shall file such form
with the  Committee  no later than 60 days after the  claimant's  receipt of the
written notice of denial provided for in section  5.1(a),  or, if such notice is
not  provided,  within 60 days  after such claim is deemed  denied  pursuant  to
section  5.1(a).  The  claimant  may include  with such form  written  comments,
documents,  records,  and other information  relevant to the claim for benefits.
The  claimant  shall be provided,  upon  request and free of charge,  reasonable
access to and copies of all documents, records and other information relevant to
the claims. The review shall take into account the comments,  documents, records
and other  information  submitted  by the  claimant  and  relevant to the claim,
without regard to whether such  information  was submitted or considered as part
of the initial  claim  determination.  A decision on review shall be rendered by
the Committee and  communicated to the claimant by written notice.  Such written
notice  shall be given not later than 60 days after  receipt of the  request for
review.

     (ii) If the Committee finds it necessary, due to special circumstances (for
example, the need to hold a hearing),  to extend this period and so notifies the
claimant in writing, the decision shall be rendered as soon as practicable,  but
in no event  later than 120 days  after  receipt of a request  for  review.  Any
notice  of such an  extension  shall be in  writing,  shall be made  within  the
initial  claim  determination  period,  and shall  specify  the  reasons for the
extension and the date by which a decision on review is expected to be rendered.

     (iii) The notice of determination  contemplated by section  5.1(b)(i) shall
specifically set forth:

                           (A) The reasons for the denial; and

                           (B) The pertinent Plan provisions on which the denial
         was based; and

                           (C) A statement that the claimant is entitled to
         receive, upon request and free of charge, reasonable access to, and
         copies of, documents, records, and other information relevant to the
         claimant's claim for benefits; and

                           (D) An explanation of any voluntary appeals process
         offered under the Plan and the claimant's right to receive information
         concerning any such procedures and a statement of the claimant's right
         to bring a civil action under section 502(a) of ERISA following an
         adverse benefit determination on review.

     Section 5.2  Appointment of Representatives.
                  ------------------------------

     (a) A person filing a claim for benefits,  or filing a request for a review
of an adverse benefit determination,  may appoint a representative to act on the

                                       12
<PAGE>
claimant's behalf in any such proceeding.  Any such appointment shall be made by
written  notice to the Plan  Administrator  which shall  contain  the  following
information:   the  appointee's  name,  street,   mailing  and  electronic  mail
addresses,   voice  telephone  and  facsimile   telephone   numbers,  a  general
description  of the  matters  in which the  designated  representative  has been
authorized  to act in the  claimant's  behalf  and the  specific  acts which the
designated  representative  is  authorized  to perform in  connection  with such
matter.  The notice shall be signed by the claimant to evidence his agreement to
the   appointment  and  the   representative   to  evidence  his  acceptance  of
appointment,  and each signature shall be  acknowledged  before a notary public.
Following  receipt of such notice,  the Plan  Administrator,  the  Committee and
their designees shall be entitled to rely without further investigation upon the
authority of the designated  representative to act on the claimant's behalf in a
manner  consistent  with the terms of the notice  unless  and until it  receives
subsequent written notice to the contrary.

     (b) Notwithstanding section 5.2(a), if the Plan Administrator determines to
its satisfaction  that a claimant has been  determined,  by a court of competent
jurisdiction,  to be incapable of attending to his own affairs in respect of his
benefit  entitlements  under the Plan, the Plan  Administrator and the Committee
shall accept as evidence of a third party's  authority to act in the  claimant's
behalf any document or other  evidence or any  customary  document or instrument
issued pursuant to applicable state law.

     Section 5.3  Electronic Communications.
                  -------------------------

     Any written notice or other written communication  required or permitted to
be given by the Plan  Administrator  or Committee shall be deemed properly given
if given  electronically  to an electronic mail address provided by the claimant
or  his  authorized  representative,  or,  if no  authorized  representative  is
appointed,  to an  electronic  mail  address  provided  to the  claimant  by the
Employer  and  customarily  used to provide  notices to the claimant on employee
relations  matters;  provided,  however,  that:  (a) the Plan  Administrator  or
Committee,  as  applicable,  shall take  appropriate  and necessary  measures to
assure that the system for furnishing electronic  communications  results in the
addressee's  actual receipt of electronically  transmitted  documents;  (b) each
prospective recipient of electronically transmitted documents is provided notice
of the nature of the documents to be furnished electronically,  the significance
of the  documents  and the  recipient's  right to request and  receive,  free of
charge,  a paper  copy of each such  document;  and (c) upon  request,  the Plan
Administrator or Committee,  as applicable,  actually  furnishes a paper copy of
such document.

                                   ARTICLE VI

                  AMENDMENT, TERMINATION AND TAX QUALIFICATION
                  --------------------------------------------

     Section 6.1  Amendment and Termination
                  -------------------------

     The Bank  expects  to  continue  the Plan  indefinitely,  but  specifically
reserves the right, in its sole discretion,  at any time, by appropriate  action

                                       13
<PAGE>
of the Board or its designees or delegates,  to amend,  in whole or in part, any
or all of the  provisions  of the Plan and to  terminate  the Plan at any  time.
Following the occurrence of a Change in Control,  the Plan may not be amended or
terminated without the prior written consent of the Committee.  Any amendment or
termination of the Plan shall conform to the  requirements  of Code Section 409A
and the Regulations, to the extent necessary.

     Section 6.2  Amendment or Termination Other than by the Bank.
                  -----------------------------------------------

     In the event that an  Affiliated  Employer  shall  adopt  this  Plan,  such
Affiliated  Employer shall,  by adopting the Plan,  empower the Bank to amend or
terminate  the Plan,  insofar as it shall  cover  employees  of such  Affiliated
Employer,  upon the terms and  conditions  set forth in section  6.1;  provided,
however,  that any such  Affiliated  Employer  may,  by  action  of its board of
directors or other  governing body,  amend or terminate the Plan,  insofar as it
shall cover employees of such Affiliated  Employer,  at different times and in a
different manner. In the event of any such amendment or termination by action of
the board of directors or other  governing body of such Affiliated  Employer,  a
separate plan shall be deemed to have been established for the employees of such
Affiliated Employer.

                                   ARTICLE VII

                            MISCELLANEOUS PROVISIONS
                            ------------------------

     Section 7.1  Governing Law.
                  -------------

     (a) The Plan shall be construed,  administered,  and enforced  according to
the laws of the State of New Mexico without giving effect to the conflict of law
principles thereof, except to the extent that such laws are preempted by federal
law.

     (b) Any dispute or  controversy  arising under or in  connection  with this
Plan shall be settled  exclusively by arbitration,  conducted  before a panel of
three  arbitrators  sitting in a location  selected by the Employee within fifty
(50) miles from the location of the Bank,  in  accordance  with the rules of the
American Arbitration  Association then in effect. Judgment may be entered on the
arbitrator's award in any court having  jurisdiction;  provided,  however,  that
subject to section 3.2 hereof,  the Employee  shall be entitled to seek specific
performance  of his right to be paid  during  the  pendency  of any  dispute  or
controversy arising under or in connection with this Plan.

     Section 7.2  No Right to Continued Employment.
                  --------------------------------

     Neither the  establishment  of the Plan,  nor any  provisions  of the Plan,
shall  be held  or  construed  to  confer  upon  any  Employee  any  right  to a
continuation  of employment by the Bank.  The Bank reserves the right to dismiss
any  Employee or  otherwise  deal with any Employee to the same extent as though
the Plan had not been adopted.

                                       14
<PAGE>
     Section 7.3  Construction of Language.
                  ------------------------

     Wherever appropriate in the Plan, words used in the singular may be read in
the  plural,  words used in the plural  may be read in the  singular,  and words
importing  the  masculine  gender  include  the  feminine  and the  neuter.  Any
reference  to an Article or section  number shall refer to an Article or section
of the Plan, unless otherwise indicated.

     Section 7.4  Headings.
                  --------

     The headings of Articles and sections are included  solely for  convenience
of reference. If there is any conflict between such headings and the text of the
Plan, the text shall control.

     Section 7.5  Status as Welfare Benefit Plan Under ERISA.
                  ------------------------------------------

     This Plan is an  "employee  welfare  benefit  plan"  within the  meaning of
section 3(1) of the Employee  Retirement Income Security Act of 1974, as amended
("ERISA") and shall be  construed,  administered  and enforced  according to the
provisions of ERISA.

     Section 7.6  Successors and Assigns.
                  ----------------------

     The Bank  shall  require  any  successor  or  assignee,  whether  direct or
indirect,  by  purchase,   merger,   consolidation  or  otherwise,   to  all  or
substantially   all  the  business  or  assets  of  the  Bank,   expressly   and
unconditionally to assume and agree to perform the Bank's obligations under this
Plan,  in the same manner and to the same extent that the Bank would be required
to perform if no such succession or assignment had taken place.

     Section 7.7  Source of Payments.
                  ------------------

     All payments  provided in this Plan shall be paid in cash or check from the
general  funds  of the  Bank.  The  Company,  however,  guarantees  payment  and
provision of all amounts and benefits  due  hereunder to Employees  and, if such
amounts  and  benefits  due from the Bank are not timely paid or provided by the
Bank, such amounts and benefits shall be paid or provided by the Company.

     Section 7.8  Effect on Existing Benefit Plans.
                  --------------------------------

     This Plan shall not affect or operate to reduce any benefit or compensation
inuring to the Employee of a kind elsewhere provided.  No provision of this Plan
shall be  interpreted  to mean that the Employee is subject to  receiving  fewer
benefits than those available to him without reference to this Plan.

     Section 7.9  Required Provisions.
                  -------------------

                  (a) The Bank may terminate the Employee's employment at any
time. An Employee shall not have the right to receive compensation or other
benefits for any period after Termination for Cause as defined in section 2.5
hereinabove.

                                       15
<PAGE>
     (b) If the Employee is suspended from office and/or temporarily  prohibited
from participating in the conduct of the Bank's affairs by a notice served under
Section 8(e)(3) (12 USC  ss.1818(e)(3)) or 8(g)(1) (12 USC ss.1818(g)(1)) of the
FDI Act, the Company's  obligations under this Plan shall be suspended as of the
date of service, unless stayed by appropriate proceedings. If the charges in the
notice are dismissed, the Company may in its discretion (i) pay the Employee all
or part  of the  compensation  withheld  while  its  contract  obligations  were
suspended and (ii) reinstate (in whole or in part) any of its obligations  which
were suspended.

     (c)  If  the  Employee  is  removed  and/or  permanently   prohibited  from
participating  in the  conduct of the Bank's  affairs by an order  issued  under
Section 8(e)(4) (12 USC ss.1818(e)(4)) or 8(g) (1) (12 USC ss.1818(g)(1)) of the
FDI Act, all  obligations of the Bank under this Plan shall  terminate as of the
effective date of the order, but vested rights of the contracting  parties shall
not be affected.

     (d) If the  Bank is in  default  as  defined  in  Section  3(x)(i)  (12 USC
ss.1813(x)(1)) of the FDI Act, all obligations of the Bank under this Plan shall
terminate  as of the date of default,  but this  paragraph  shall not affect any
vested rights of the contracting parties.

     (e) All  obligations  of the  Bank,  if  any,  under  this  Plan  shall  be
terminated,  except to the extent  determined  that  continuation of the Plan is
necessary  for the continued  operation of the Bank,  (i) by the Director of the
Office of Thrift  Supervision  ("Director") or his or her designee,  at the time
the Federal Deposit  Insurance  Corporation  enters into an agreement to provide
assistance to or on behalf of the Bank under the authority  contained in Section
13(c) (12 USC  ss.1823(c)) of the FDI Act; or (ii) by the Director or his or her
designee at the time the Director or his or her designee  approves a supervisory
merger to resolve  problems related to operation of the Bank or when the Bank is
determined by the Director to be in an unsafe or unsound  condition.  Any rights
of the parties that have already vested,  however, shall not be affected by such
action.

     (f) Notwithstanding anything herein contained to the contrary, any payments
to the  Employee by the Bank or the  Company,  whether  pursuant to this Plan or
otherwise,  are subject to and  conditioned  upon their  compliance with Section
18(k) of the FDI Act, 12 U.S.C. Section 1828(k), and the regulations promulgated
thereunder in 12 C.F.R. Part 359.

The vested  rights of the parties  shall not be  affected.  If and to the extent
that any of the foregoing  provisions is not, or shall cease to be,  required by
applicable  law, rule or  regulation,  the same shall become  inoperative in the
case of the Bank as though eliminated by formal amendment of this Plan.

                                       16

<PAGE>

                               FIRST FEDERAL BANK

                                 SEVERANCE PLAN

                                    EXHIBIT A

Tier One Employees

-------------------------------

-------------------------------

-------------------------------

Tier Two Employees

-------------------------------

-------------------------------

-------------------------------

Tier Three Employee

-------------------------------

-------------------------------

-------------------------------Exhibit 10.1

                              TRIMARK EXPLORATIONS LTD
                                4122 Cranberry Court
                              Vineland Ontario, L0R 2C0

Brownsville Company
70 East Beaver Creek Road, Unit 30,
Richmond Hill, Ontario,
 L4B 3B2

Attention Adam Cegielski

Dear Mr Cegielski

September 26, 2006

Re: Option agreement between Trimark Explorations Ltd.
   acting through and on behalf of it's 100% wholly owned
   subsidiary Gambaro Resources Limited  ("Trimark" or
   "Optionor") and Brownsville  Company ("Brownsville" or
   "Optionee,").

This option agreement (the "Agreement") sets out the terms
and conditions by which the Optionor, a corporation
incorporated under the laws of the Province of Ontario in
the case of Trimark and under the laws of Tanzania in the
case of Gambaro, agrees to grant to Brownsville, a company
incorporated  under the laws of the State of Nevada, the
sole and exclusive right and option to acquire up to a 100%
undivided right, title and interest in and to the Gambaro
Resources Property  (the "Option"), ") located in Njombe and
Songea districts, Tanzania and contains approximately 65.32
square miles being latitude 35 degree 00', 34 degrees 47'
west and longitudes 10 degrees 15'' and 10 degrees 27'
south, as described in Schedule A attached hereto (the
"Property").

This Agreement shall replace any previous agreements between
the parties and shall constitute the full agreement between
the parties.

1.   THE OPTION
   .1.  The Optionor hereby grants to Brownsville the sole,
        exclusive and irrevocable right and option (Option) to
        acquire an undivided 100% right, title and interest in and
        to the Property by:

Brownsville making the following cash, share and work
expenditure considerations to be delivered/met over a 36
month period from the signing of the definitive agreement as
more specifically detailed below:

     A.   Brownsville  making, in favor of Trimark, the following
          cash payments totaling $100,000.00 US dollars over a 3
          year period:

i)   $25,000.00 within 45 days  of signing this agreement;
ii)  an additional $35,000.00 within  2 years of signing of
the definitive agreement;
iii) an additional $40,000.00 within 3 years of signing of
the definitive agreement.

     B.   Brownsville  completing the following cumulative
          exploration expenditures on the property  totaling
          $1,000,000 US over a 36 month period:
i)   $100,000.00 in cumulative exploration expenditure
     within the first 12 months after signing the definitive
     agreement;
ii)  $500,000.00 in cumulative exploration expenditures
within 24 months of signing of the definitive agreement;
iii) $1,000,000.00 in cumulative exploration expenditures
within 36 months of signing of the definitive agreement.

 C.    If 36 months after the date of the definitive
       agreement as set out in B above, Brownsville has not
       completed exploration expenses of $1,000,000.00, Brownsville
       may still earn its 100% interest in the property if
       Brownsville issues, in favor of Trimark payments totaling up
       to 1,000,000 common shares of Brownsville or cash of up to
       $1,000,000.00 us at Brownsville's sole option less the
       cumulative explorations expenditures already paid and/or met
       on the property.  The value of the shares shall be
       determined as the average share price of the shares over the
       30 business days of trading prior to the 36 month period as
       set out herein however shall not be valued at less then
       $1.00 per share. In the event such shares are valued at less
       then $1.00, Brownsville may still execute this buyout using
       cash. The shares shall be subject to restrictions imposed by
       any exchange or trading system on which the shares are
       traded as well or any other appropriate government or other
       appropriate authority. All share certificates issued
       pursuant to this definitive agreement shall have a 1 year
       hold period from date of issue. For example if Brownsville
       has paid $1,000,000.00 in cumulative exploration
       expenditures on the property, Brownsville shall not be
       required to  issue any stock or cash to Trimark to earn its
       100% interest in the property. IF however, Brownsville has
       spent $500,000.00 in cumulative exploration expenditures
       within 36 months, then Brownsville has the sole option of
       paying Trimark $500,000.00 us in cash or issue shares in
       Brownsville valued at $500,000.00 as determined by the
       average share price over the last 30 days of trading or at a
       minimum price of $1.00 per share or 500,000 common shares.

D    Brownsville  further agrees to be responsible for
     making, through the offices of Gamaro, all necessary
     property payments and taxes to keep  and do whatever is
     required to keep the property in good standing during
     the earn in period. Brownsville shall further agree to
     be bound by the terms and conditions of the Underlying
     EPL (exploration license MEMC/M.100/86B, Reg.136),
     which is attached hereto as schedule B to this
     definitive agreement.  Trimark shall be responsible for
     advising Brownsville what it must do to keep the
     property in good standing. The property shall remain in
     the name of Gamaro until such time as Brownsville has
     earned its 100% interest at which time the property
     shall be transferred into the name of Brownsville.

E    It is understood that Brownsville will act as operator
     during the earn-in phase of the agreement and will be
     entitled to charge a management fee of 15% on all
     property exploration expenditures and related head
     office overhead paid sole out of cumulative exploration
     expenditures provided by Brownsville and from revenues
     from the operation of the property pursuant to the
     terms of this agreement. Brian Hester shall be a
     technical  advisor to the board of directors of
     Brownsville during the term of the earn in phase of
     this agreement and on terms stated in a separate
     consulting agreement. Brownsville covenants that it
     will at all times conduct its operations on the
     property at all times to conform with the mining act of
     Tanzania and other applicable legislation.

F.   Once Brownsville has earned its 100% interest in the
     property, Trimark shall be entitled to a 2% net smelter
     royalty which shall be reduced to 1% at the sole option
     of Brownsville upon payment to Trimark of
     $1,000,000.00. Net smelter Royalty is net sales value
     of the product sold less insurance, shipping, refining
     charges and any penalties for deleterious substances
     contained in the product.

G   A management committee consisting of two
representatives of each Company shall be formed upon
acceptance of the terms of this Agreement. Brownsville
shall be responsible for proposal of exploration
programs to the management committee. Brownsville as
funding partner shall be responsible for funding, in
full, any and all exploration programs approved by the
management committee in advance of the commencement of
exploration.

H   All payments and expenditure commitments in this
     definitive agreement are optional.

2.   DEFINITIONS
   .1.  "Exploration Expenditures" shall mean all expenditures
        for the exploration of the Property including but not
        limited to, geological mapping, sampling, assaying,
        geophysical and geochemical surveys, field support costs,
        drilling and mobilization of equipment, metallurgical
        sampling, report writing and tenure maintenance.

3.   RIGHT OF ENTRY
   Provided this Agreement is in good standing,
   Brownsville, its servants and agents (persons authorized
   by Brownsville) and any assigns, shall have the right of
   access to and from the Property and the right to enter
   upon, examine all work completed, sample as may be
   required to confirm the work completed, explore and
   develop the Property and fund the Exploration
   Expenditures and undertake such other activities as may
   be required to vest its interests hereunder in such a
   manner as Brownsville, in its sole discretion,  may deem
   advisable.

4.   REPRESENTATIONS AND WARRANTIES OF THE OPTIONOR
  The Optionor represents and warrants to, and covenants
  with Brownsville that to the best of its knowledge and
  where a party acting reasonably should have known:
   4.1 the Property is accurately described in Schedule A,
       and is presently in good standing  under the
       applicable laws of Tanzania;
   4.2 there are no encumbrances, royalties or liens of any
       kind associated in any way, save as outline in
       Schedule C, with the Property;
   4.3 the Optionor has the exclusive right to enter into
       this Agreement and to dispose of an interest in the
       Property in accordance with the terms and conditions
       of this Agreement together with the applicable laws
       of Tanzania;
   4.4 the Optionor is validly subsisting corporation in
       Tanzania;
   4.5 All applicable regulatory approvals have been
       received in respect of the Property;
   4.6 there is no adverse claim or challenge against or to
       the ownership of the Property, nor is there any
       outstanding agreements or options to acquire or
       purchase the Property or any portion thereof  and no
       person, firm or corporation has any proprietary or
       possessory interest in the Property other than the
       Optionor and as provided for under this Agreement;
   4.7 there are no reclamation or rehabilitation
       requirements outstanding on the Property of which
       Brownsville  has not or will not be advised and all
       work has been carried out in accordance with all
       applicable laws of the federal mining law of
       Tanzania;
   4.8 The Optionor is not aware of any material fact or
       circumstance which has not been disclosed to
       Brownsville which should be disclosed in order to
       prevent the representations and warranties of the
       Optionor provided in this Agreement from being
       misleading; and
   4.9 the Optionor has, or will throughout the term of
       this agreement,  advised Brownsville  of all of the
       material information about the Property generally
       and specifically as to its mineral potential.

The representations and warranties of the Optionor herein
before set out are conditions on which Brownsville has
relied in entering into this Agreement and will survive the
acquisition of any interest in the Property by Brownsville
and/or the termination of this Agreement. The Optionor
hereby indemnifies and saves Brownsville  harmless from all
loss, damage, costs, actions and suits arising out of or in
connection with any breach of any representation, warranty,
covenant, agreement or condition made by the Optionor, that
the Optionor had knowledge of, or acting reasonably should
have had knowledge of and contained in this agreement

5.   REPRESENTATIONS AND WARRANTIES OF BROWNSVILLE
     Brownsville represents and warrants to the Optionor
     that:
   .1.  it is properly constituted and has the full power and
        authority to enter into this Agreement; and
   .2.  there are no outstanding suits or actions for non-
        performance on reclamation work or any other activities with
        respect to Brownsville.

6.   COVENANTS OF  BROWNSVILLE
   Brownsville covenants and agrees with the Optionor that
   until the Option is exercised in accordance with the
   terms and conditions of this Agreement, or the Option or
   this Agreement otherwise terminates, Brownsville shall:
..1.  keep the Property free and clear of liens and other
     charges arising from the operations of Brownsville under
     this Agreement;
..2.  carry on all operations on the Property in a good and
     miner-like manner and in compliance with all applicable
     governmental regulations and restrictions;
..3.  pay or cause to be paid any rates, taxes, duties,
     royalties, assessments or fees levied with respect to the
     Property or Brownsville's operations thereon in accordance
     with this agreement;
..4.  indemnify and hold the Optionor harmless from any and
     all liabilities, costs, damages or charges arising from the
     failure of Brownsville to comply with the covenants of
     Brownsville contained herein or otherwise arising from the
     operations on the Property by Brownsville, its servants or
     agents; and
..5.  provide the Optionor with copies of any and all
     documents filed by Brownsville for recording of it's
     interest with respect to the Property and any related
     regulatory filings.

7.   COVENANTS OF THE OPTIONOR

  .1 To advise Brownsville as required of its obligations
     relating to keeping the property in good standing as
     set out above; and
  .2 indemnify and hold Brownsville harmless from any and
     all liabilities, costs, damages or charges arising from
     the failure of the Optionor to comply with the
     covenants of the Optionor contained herein or otherwise
     arising from the operations on the Property by the
     Optionor, its servants or agents.

8.   TERMINATION

   .1. Brownsville may terminate this Agreement at any time,
       by giving written notice to the Optionor of the termination
       of this Agreement (the "Notice of Termination") and such
       termination shall be effective on the 15th day after the
       Notice of Termination is sent to the Optionor.
   .2.  Notwithstanding Paragraph 8.1 above, if Brownsville
       fails to make any payment (optional, discretionary or
       otherwise) or fails to do anything on or before the last day
       provided for such payment or performance under this
       Agreement (in each or either case referred to as a "default"),
       the Optionor may terminate this Agreement but only if:
..1.  The Optionor has first given Brownsville written notice
of the default containing particulars of the payment which
Brownsville has not made or the act which Brownsville has
not performed; and
..2.  Brownsville has not, within 30 days following delivery
of such notice, cured such default by appropriate payment or
performance (Brownsville hereby agreeing that should it so
commence to cure any default, they will prosecute the same
to completion without undue delay).
..3.  Should Brownsville fail to comply with the provisions
of Sub-paragraph 8.2 above, the Optionor may thereafter
terminate this Agreement by notice to Brownsville with
respect to the default on the Property as laid out in Sub-
paragraph 8.2.
..4.  Upon the termination of the Agreement, Brownsville
forfeits any and all interest in the Property and shall
cease to be liable to the Optionor in debt, damages or
otherwise. Upon the termination of this Agreement,
Brownsville shall vacate the Property within a reasonable
time after such termination, but shall have the right of
access to such Property for a period of three months
thereafter for the purpose of removing its chattels,
machinery, equipment and fixtures there from.

9.   INDEPENDENT ACTIVITIES
   Except as expressly provided herein, both parties shall
   have the free and unrestricted right to independently
   engage in and receive the full benefit of any and all
   business endeavours of any sort whatsoever, whether or
   not competitive with the endeavours contemplated herein
   without consulting the others or inviting or allowing
   the others to participate therein. Neither party shall
   be under any fiduciary or other duty to the other, which
   will prevent them from engaging in, or enjoying the
   benefits of competing endeavours within the general
   scope of the endeavours contemplated herein. The legal
   doctrines of "corporate opportunity" sometimes applied
   to persons engaged in a joint venture or having
   fiduciary status shall not apply in the case of any of
   either of the parties. In particular, without limiting
   the foregoing, neither of the parties shall have an
   obligation to the other party as to:
..1.  any opportunity to acquire, explore and develop any
mining property, interest or right presently owned by them
or offered to them outside of the Property at any time; and
..2.  the erection of any mining plant, mill, smelter or
refinery, whether or not such mining plant, mill, smelter or
refinery is erected for processing ores or concentrates from
the Property.

10.  CONFIDENTIALITY OF INFORMATION
   Both parties hereto shall treat all data, reports,
   records and other information relating to this agreement
   and the Property as confidential. While this agreement
   is in effect, neither of the parties hereto shall,
   without the express written consent of the other,
   disclose to any third party any information concerning
   the results of the operations hereunder nor issue any
   press releases concerning this agreement or its
   exploration operations except where:
   .1. such disclosure is mandatory under the law or is deemed
       necessary by Brownsville's or the Optionor's counsel for the
       satisfaction by Brownsville or the Optionor of their
       obligations to applicable securities regulatory bodies; or
   .2. Brownsville or the Optionor is seeking the
       participation of such third party in the exploration,
       development or production or financing of the Property and
       such information is divulged under confidential
       circumstances.
   Due consideration shall be given to present and future
   governmental regulations with respect to such data
   disclosures. The parties shall provide to each other,
   with minimum 24 hour notice where possible, draft
   planned press releases for comment.

11.  ASSIGNMENT
   .1. Each of the parties has the right to assign all or any
       part of their interest in the Property and in this
       agreement.  It shall be a condition precedent to any such
       assignment that the assignee of the interest being
       transferred agree in writing to be bound by the terms of
       this agreement, as if it had been an original party hereto.
   .2. Brownsville shall have a 30 day first right of refusal
       on any sale or transfer of the Optionor' rights title or
       interest in the Property or any royalty from the Property.

12.  UNAVOIDABLE DELAYS
   If either party should be delayed in or prevented from
   performing any of the terms, covenants or conditions of
   this Agreement by reason of a cause beyond the control
   of such parties, including fires, floods, earthquakes,
   subsidence, ground collapse or landslides, interruptions
   or delays in transportation or power supplies, strikes,
   lockouts, wars, acts of God, government regulation or
   interference, including but without restricting the
   generality of the foregoing, forest or highway closures
   or any other cause beyond such parties' control, then
   any such failure on the part of such parties to so
   perform shall not be deemed to be a breach of this
   agreement and the time within which such parties are
   obliged to comply with any such term, covenant or
   condition of this agreement shall be extended by the
   total period of all such delays. In order that the
   provisions of this article may become operative, such
   party shall give notice in writing to the other party,
   forthwith and for each new cause of delay or prevention
   and shall set out in such notice particulars of the
   cause thereof and the day upon which the same arose, and
   shall give like notice forthwith following the date that
   such cause ceased to subsist.

   If Notice under this clause is provided the Optionor
   shall also provide Notice to the Government of Tanzania
   and make reasonable commercial efforts to have
   provisions made for additional time with respect to
   completion of work requirements and payment of mineral
   taxes and associated deadlines. However, there is no
   assurance that theses efforts will be successful and if
   not the requirement for maintaining claims in good
   standing shall be waived if necessary.

13.  ARBITRATION
   If there is any disagreement dispute or controversy (a
   "Dispute") between the parties with respect to any
   matter arising under this agreement or the construction
   hereof, then the Dispute may be determined by
   arbitration in accordance with the following procedures
   or may be determined in accordance with a court of
   competent jurisdiction in Ontario:
   .1. The parties on both sides of the Dispute shall inform
       the other parties by notice of the name of an appointed
       independent person as Arbitrator, who is a recognized expert
       in the area which is the subject matter of the Dispute; and
   .2. The appointed Arbitrators shall agree on the name of
       the one person that they wish to act as the third
       Arbitrator. If the two Arbitrators can not agree within 30
       days of their appointment on a third Arbitrators they may
       apply to the Ontario Court General Division for guidance by
       the court on the  selection  a third Arbitrator.
   The arbitration shall be conducted in accordance with
   the Arbitrations Act (Ontario ) and the decision of the
   arbitrator panel shall be made within 30 days following
   their being named, shall be based exclusively on the
   advancement of exploration, development and production
   work on the Property and not on the financial
   circumstances of the parties. The costs of arbitration
   shall be borne equally by the parties to the Dispute
   unless otherwise determined by the arbitrator in the
   award.

14.  NOTICES
   Any notice, election, consent or other writing required
   or permitted to be given hereunder shall be deemed to be
   sufficiently given if delivered by courier or if mailed
   by registered mail, addressed as follows:

     In the case of Trimark
       C/o the President
       4122 Cranberry Court
       Vineland Ontario, L0R 2C0
       Facsimile:

           In the case of Brownsville Company:

       C/o Adam Cegielski, President Brownsville Company
       70 East Beaver Creek Road, Unit 30,
       Richmond Hill, Ontario,
        L4B 3B2

       Facsimile:

   And any such notice given as aforesaid shall be deemed
   to have been given to the parties hereto if delivered,
   when delivered, or if mailed, on the tenth (10th)
   business day following the date of mailing, or, if
   telegraphed or faxed, on the next succeeding day
   following the telegraphing or faxing thereof PROVIDED
   HOWEVER that during the period of any postal
   interruption in either the country of mailing or the
   country of delivery, any notice given hereunder by mail
   or if mailed by registered mail shall be deemed to have
   been given only as of the date of actual delivery of the
   same. Either party may from time to time by notice in
   writing change its address for the purpose of this
   paragraph.

15.  GENERAL TERMS AND CONDITIONS
..1.  The parties hereto hereby covenant and agree that they
will execute such further agreements, conveyances and
assurances as may be requisite, or which counsel for the
parties may deem necessary to effectually carry out the
intent of is agreement.
..2.  This Agreement shall represent the entire understanding
between the parties with respect to the Property. No
representations or inducements have been made save as herein
set forth. No changes, alterations, or modifications of this
agreement shall be binding upon all parties until and unless
a memorandum in writing to such effect shall have been
signed by both parties hereto.
..3.  The titles to the articles to this agreement shall not
be deemed to form part of this agreement but shall be
regarded as having been used for convenience of reference
only.
..4.  The schedules to this agreement shall be construed with
and as an integral part of this agreement to the same extent
as if they were set forth verbatim herein.

..5.  All reference to dollar amounts contained in this
agreement are references to United States funds.
..6.  This Agreement shall be governed by and interpreted in
accordance with the laws in effect in Ontario, and the
parties hereto attorn to the courts of Ontario for the
resolution of any disputes arising out of this agreement.
..7.  The Agreement may be executed in any number of
counterparts. Each counterpart shall be deemed for all
purposes to be an original, and all such counter-parts shall
constitute one and the same instrument, binding on all of
the parties hereto. A copy of this Agreement signed by one
party and faxed to another party shall be deemed to have
been executed and delivered by the signing party as though
an original.  A photocopy of this Agreement shall be
effective as an original for all purposes.
..8.  This Agreement shall enure to the benefit of and be
binding upon the parties hereto and their respective
successors and assigns.
..9.  The parties will each be responsible for their own
internal costs and legal and other professional fees
incurred in connection herewith, the negotiation,
preparation and execution of this Definitive Agreement, or
otherwise relating to the Proposed Transaction.
If the foregoing correctly sets forth your understanding of
the terms and conditions agreed to between us with respect
to the Option granted to Brownsville   please acknowledge
the same by signing and returning to us the duplicate copy
of this letter enclosed for that purpose, whereupon a
binding agreement among us will be in effect.

TRIMARK EXPLORATIONS LTD

Per: /s/ Brian Hester
     Brian Hester
     President and Director

GAMBARO RESOURCES LIMITED (formerly Trimark Explorations (T)
Limited-Tanzania)

     /s/ Brian Hester
     Brian Hester
     President and Director ASO

The  Undersigned, Brownsville, hereby confirm our acceptance
of  the foregoing terms and conditions and agree to be bound
thereby as of this 13th day of October 2006.

Brownsville Company

Per: /s/ Adam Cegielski
     Adam Cegielski,
     President and Director

                         SCHEDULE A

Claim Schedule and Map

                         SCHEDULE  B

                     Exploration license

                         SCHEDULE C

ENCUMBRANCES (to include any and all underlying agreements
and amendments)

   The encumbrances of the claims are:

                         SCHEDULE D

            Letter of Intent dated June 16, 2006

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