**Exhibit      10.2**

**THE      SECURITIES REPRESENTED BY THIS WARRANT HAVE BEEN ACQUIRED FOR INVESTMENT AND      HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED      (“1933 ACT”) OR ANY STATE SECURITIES LAWS.  SUCH SECURITIES MAY      NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN      EXEMPTION THEREFROM UNDER THE 1933 ACT AND ANY APPLICABLE STATE SECURITIES      LAWS.**

**2007-001**

**WARRANT      TO PURCHASE SHARES**

**OF      THE COMMON STOCK OF**

**GLOBAL      REALTY DEVELOPMENT CORP.**

**(Void      after Expiration Date – July [    ],      2012)**

***Issuance Date***

***Holder***
**GLOBAL REALTY DEVELOPMENT CORP.**
***Company***
***Common      Stock***
***Warrant Shares***
***Purchase Agreement***
***Note***
***Notes***
***Registration Rights Agreement***
***Warrant***

***Initial Warrants***
***Additional Warrant***
***Warrants***

***Exercise Price”***

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***Expiration Date***
**“**
***Exercise      Notice***
**”**
***“Aggregate Exercise      Price”***

**1.**
**Exercise;      Issuance of Certificates; Payment for Shares.**

| **1.1  ** | **General.**  This                Warrant is exercisable in full, or in part for 5,000 or more shares,                in                increments of 5,000 shares, except for the final exercise which may                be for                the remainder, at the option of the Holder of record at any time                or from                time, to time, up to the Expiration Date for all of the shares of                Common                Stock (but not for a fraction of a share) which may be purchased                hereunder.  In the case of the exercise of less than all of the                Warrant Shares represented hereby, the Company shall cancel this                warrant                certificate upon the surrender hereof and shall execute and deliver                a new                warrant certificate or warrant certificates of like tenor for the                balance                of such Warrant Shares. The Company                agrees                that the shares of Common Stock purchased under this Warrant shall                be and                are deemed to be issued to the Holder hereof as the record owner                of such                shares as of the close of business on the date on which the Exercise                Notice is delivered to the Company via facsimile; provided, however,                that                in such case this Warrant shall be surrendered to the Company within                three                (3) Business Days.  Certificates for the shares of Common Stock                so purchased, together with any other securities or property to which                the                Holder is entitled upon such exercise, shall be delivered to the                Holder by                the Company at the Company’s expense within a reasonable time after the                rights represented by this Warrant have been so exercised, and in                any                event, within three (3) Business Days of such exercise and delivery                of the                Exercise Price. The Company shall, issue and deliver to the transfer                agent                for its Common Stock (the ***“Transfer Agent***”)                irrevocable instructions to issue and deliver or cause to be delivered                to                such Holder the number of Warrant Shares exercised.  Each Common                Stock certificate so delivered shall be in such denominations of                5,000 or                more shares of Common Stock, in increments of 5,000, as may be requested                by the Holder hereof and shall be registered on the Company’s books in the                name designated by such Holder, provided that no Holder of this Warrant                shall be permitted to exercise any warrants to the extent that such                exercise would cause any Holder to be the beneficial owner of 5%                or more                of the then outstanding Company’s Common Stock, at that given                time.  This limitation shall not be deemed to prevent any Holder                from acquiring more than an aggregate of 5% of the Common Stock,                so long                as such Holder does not beneficially own, or have the right to                beneficially own, 5% or more of the Company’s Common Stock at any given                time. |
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| **1.2  ** | **Exercise                for Cash** |
|---------------------|--------------------------------------|

| **1.3  ** | **Cashless                Exercise** |
|---------------------|--------------------------------------|

***Cashless Exercise***

|   | where: |
|--------|--------|

|   | X                =                the Net Number of Warrant Shares to be issued to the                Holder; |
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|   | Y                =                the number of Warrant Shares with respect to which this Warrant is                being                exercised; |
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|   | A                =                the Market Price (as defined in the Section 2.4 below) as of the                Exercise                Date; and |
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|   | B                =                the Exercise Price. |
|--------|-------------------------------------------------------|

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| **1.4  ** | **Shares                to be Fully Paid; Reservation of                Shares****.**  The Company covenants and                agrees that all shares of Common Stock which may be issued upon the                exercise of the rights represented by this Warrant will, upon issuance,                be                duly authorized, validly issued, fully paid and nonassessable and                free                from all preemptive rights of any shareholder and free of all taxes,                liens                and charges with respect to the issue thereof.  The Company                further covenants and agrees that, during the period within which                the                rights represented by this Warrant may be exercised, the Company                will at                all times have authorized and reserved, for the purpose of issue                or                transfer upon exercise of the subscription rights evidenced by this                Warrant, a sufficient number of shares of authorized but unissued                Common                Stock, when and as required to provide for the exercise of the rights                represented by this Warrant.  The Company will take all such                action as may be necessary to assure that such shares of Common Stock                may                be issued as provided herein without violation of any applicable                law or                regulation, or of any requirements of any domestic securities exchange                upon which the Common Stock or other securities may be listed; provided,                however, that the Company shall not be required to effect a registration                under federal or state securities laws with respect to such exercise                other                than as required by Section 7.7 herein.  The Company will not                take any action which would result in any adjustment of the Exercise                Price                if the total number of shares of Common Stock issuable after such                action                upon exercise of all outstanding warrants, together with all shares                of                Common Stock then outstanding and all shares of Common Stock then                issuable                upon exercise of all options and upon the conversion of all convertible                securities then outstanding, would exceed the total number of shares                of                Common Stock or equity securities then authorized by the Company’s                Certificate of Incorporation, as amended (“***Company                Charter***”). |
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| **1.5  ** | **Buy                In.**In addition to any other rights available to a Holder, if                the                Company fails to deliver to the Holder a certificate representing                Warrant                Shares by the third Trading Day after the date on which delivery                of such                certificate is required by this Warrant, and if after such third                Trading                Day the Holder purchases (in an open market transaction or otherwise)                shares of Common Stock to deliver in satisfaction of a sale by the                Holder                on or after the Exercise Date of the Warrant Shares that the Holder                anticipated receiving from the Company (a                ***“Buy-In”***), then the Company shall, within three                Trading Days after the Holder’s request and in the Holder’s discretion,                either (i) pay cash to the Holder in an amount equal to the Holder’s total                purchase price (including brokerage commissions, if any) for the                shares of                Common Stock so purchased (the ***“Buy-In                Price”***), at which point the Company’s obligation to                deliver such certificate (and to issue such Common Stock) shall terminate,                or (ii) promptly honor its obligation to deliver to the Holder a                certificate or certificates representing such Common Stock and pay                cash to                the Holder in an amount equal to the excess (if any) of the Buy-In                Price                over the product of (A) such number of shares of Common Stock, times                (B)                the closing price on the date of the event giving rise to the Company’s                obligation to deliver such certificate.  Notwithstanding the                foregoing, the Company shall have no liability under this subsection                for                the Buy-In Price if it has complied with the requirements of subsection                1.1 above and notwithstanding it using its best efforts to have the                Transfer Agent deliver the Warrant Shares to the Holders within three                (3)                trading days of the Holder’s request such Warrant Shares are not delivered                on a timely basis. |
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**2.**
**Determination      or Adjustment of Exercise Price and Number of Shares.**

| **2.1  ** | **Subdivision                or Combination of Common Stock.**  In case the Company                shall at any time subdivide or reclassify its outstanding shares                of Common                Stock into a greater number of shares, the Exercise Price in effect                immediately prior to such subdivision shall be proportionately reduced,                and conversely, in case the outstanding shares of Common Stock of                the                Company shall be combined or reclassified into a smaller number of                shares,                the Exercise Price in effect immediately prior to such combination                shall                be proportionately increased. |
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| **2.2  ** | **Dividends                in Common Stock, Other Stock, Property,                Reclassification**.  If at any time or from time to time                the holders of Common Stock (or any shares of stock or other securities                at                the time receivable upon the exercise of this Warrant) shall have                received                or become entitled to receive, without payment                therefore: |
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| **2.2.1  ** | Stock,                Common Stock or any shares of capital stock or other securities which                are                at any time directly or indirectly convertible into or exchangeable                for                Common Stock, or any rights or options to subscribe for, purchase                or                otherwise acquire any of the foregoing by way of dividend or other                distribution, |
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| **2.2.2  ** | Any                cash paid or payable otherwise than as a cash dividend,                or |
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| **2.2.3  ** | Stock,                Common Stock or additional capital stock or other securities or property                (including cash) by way of spinoff, split-up, reclassification,                combination of shares or similar corporate rearrangement, (other                than                shares of Common Stock issued as a stock split or adjustments in                respect                of which shall be covered by the terms of Section 2.1 above), then                and in                each such case, the Holder hereof shall, upon the exercise of this                Warrant, be entitled to receive, in addition to the number of shares                of                Common Stock or other capital stock receivable thereupon, and without                payment of any additional consideration therefore, the amount of                stock and                other securities and property (including cash in the cases referred                to in                clause (2.2.2) above and this clause (2.2.3)) which such Holder would                hold                on the date of such exercise had he been the holder of record of                such                Common Stock as of the date on which holders of Common Stock received                or                became entitled to receive such shares or all other additional stock                and                other securities and property. |
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| **2.3  ** | **Reorganization,                Reclassification, Consolidation, Merger or                Sale**. |
|---------------------|----------------------------------------------------------------------------------------------------|

| **2.3.1  ** | If                any recapitalization, reclassification or reorganization of the capital                stock of the Company, or any consolidation or merger of the Company                with                another corporation, or the sale of all or substantially all of its                assets                or other transaction shall be effected in such a way that holders                of                Common Stock shall be entitled to receive stock, securities, or other                assets or property (an “***Organic Change***”), then,                as a condition of such Organic Change, lawful and adequate provisions                shall be made by the Company whereby the Holder hereof shall thereafter                have the right, upon exercise of this Warrant, to purchase and receive                (in                lieu of the shares of the Common Stock of the Company immediately                theretofore purchasable and receivable upon the exercise of the rights                represented by this Warrant) such shares of stock, securities or                other                assets or property as may be issued or payable with respect to or                in                exchange for a number of outstanding shares of such Common Stock                equal to                the number of shares of such stock immediately theretofore purchasable                and                receivable upon the exercise of the rights represented by this                Warrant.  In the event of any Organic Change, appropriate                provision shall be made by the Company with respect to the rights                and                interests of the Holder of this Warrant to the end that the provisions                hereof (including, without limitation, provisions for adjustments                of the                Exercise Price and of the number of shares purchasable and receivable                upon                the exercise of this Warrant) shall thereafter be applicable, in                relation                to any shares of stock, securities or assets thereafter deliverable                upon                the exercise hereof. The Company will not effect any such consolidation,                merger or sale unless, prior to the consummation thereof, the successor                corporation (if other than the Company) resulting from such consolidation                or the corporation purchasing such assets shall assume by written                instrument executed and mailed or delivered to the Holder hereof                at the                last address of such Holder appearing on the books of the Company,                the                obligation to deliver to such Holder, upon Holder’s exercise of this                Warrant and payment of the purchase price in accordance with the                terms                hereof, such shares of stock, securities or assets as, in accordance                with                the foregoing provisions, such Holder may be entitled to                purchase. |
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| **2.3.2  ** | No                adjustment of the Exercise Price, however, shall be made in an amount                less                than $.01 per share, but any such lesser adjustment shall be carried                forward and shall be made at the time and together with the next                subsequent adjustment which together with any adjustments so carried                forward shall amount to $.01 per share or                more. |
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| **2.4  ** | **Dilutive              Issuances.** |
|---------------------|--------------------------------------|

***Common Stock Equivalents***
***Dilutive Issuance***

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***Market      Price***

***Excluded Securities***
***Voss Securities***

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**2.5**
**Certain      Events. **

|   | **2.6** | **Notices                of Change.** |
|--------|---------|---------------------------------------|

|  | 2.6.1 | Upon                any determination or adjustment in the number or class of shares                subject                to this Warrant and of the Exercise Price, the Company shall give                written                notice thereof to the Holder, setting forth in reasonable detail                and                certifying the calculation of such determination or                adjustment. |
|--|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2.6.2 | The                Company shall give written notice to the Holder prior to the date                on which                the Company closes its books or takes a record for determining rights                to                receive any dividends or                distributions. |
|--|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2.6.3 | The                Company shall also give written notice to the Holder prior to the                date on                which an Organic Change shall take                place. |
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**3.**
**Issue      Tax**

**. **

**4.**
**Closing      of Books.**

**5.**
**No      Voting or Dividend Rights; Limitation of Liability.**

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**6.**
**Rights      and Obligations Survive Exercise of Warrant. **

**7.**
**Further      Representations, Warranties and Covenants of the Company.**

| **7.1  ** | **Charter                and Bylaws.**  The Company has made available to Holder                true, complete and correct copies of the Company Charter and Bylaws,                as                amended, through the date hereof. |
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| **7.2  ** | **Due                Authority.**  The execution and delivery by the Company                of this Warrant and the performance of all obligations of the Company                hereunder, including the issuance to Holder of the right to acquire                the                shares of Common Stock, have been duly authorized by all necessary                corporate action on the part of the Company, and the Warrant is not                inconsistent with the Company Charter or Bylaws and constitutes a                legal,                valid and binding agreement of the Company, enforceable in accordance                with                its terms. |
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| **7.3  ** | **Consents                and Approvals.**  No consent or approval of, giving of                notice to, registration with, or taking of any other action in respect                of                any state, federal or other governmental authority or agency is required                with respect to the execution, delivery and performance by the Company                of                its obligations under this Warrant, except for any filing required                by                applicable federal and state securities laws, which filing will be                effective by the time required                thereby. |
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| **7.4  ** | **Issued                Securities.**  All issued and outstanding shares of                capital stock of the Company have been duly authorized and validly                issued                and are fully paid and nonassessable.  All outstanding shares of                capital stock were issued in full compliance with all federal and                state                securities laws. |
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| **7.5  ** | **Exempt                Transaction.**  Subject to the accuracy of the Holders                representations in Section 8 hereof, the issuance of the Common Stock                upon                exercise of this Warrant will constitute a transaction exempt from                (i) the                registration requirements of Section 5 of the Securities Act of 1933,                as                amended (“***1933 Act***”), in reliance upon Section                4(2) thereof, or upon the applicable exemption under Regulation D,                and                (ii) the qualification requirements of the applicable state securities                laws. |
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| **7.6  ** | **Compliance                with Rule 144.**  At the written request of the Holder,                who proposes to sell Common Stock issuable upon the exercise of the                Warrant in compliance with Rule 144 promulgated by the Securities                and                Exchange Commission, the Company shall furnish to the Holder, within                five                (5) days after receipt of such request, a written statement confirming                the                Company’s compliance with the filing requirements of the Securities and                Exchange Commission as set forth in such Rule, as such Rule may be                amended                from time to time. |
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| **7.7  ** | **Registration.**  The                Company hereby grants to the Holder registration rights as set forth                in                the Registration Rights Agreement entered into between the Holder                and the                Company on the date hereof. |
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| **8.       ** | **Representations                and Covenants of the                Holder.** |
|--------------------------------------------------|--------------------------------------------------------------------------------|

| **8.1  ** | This                Warrant has been entered into by the Company in reliance upon the                following representations and covenants of the                Holder: |
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| **8.1.1  ** | **Investment                Purpose.**  The Warrant or the Common Stock issuable upon                exercise of the Warrant will be acquired for investment and not with                a                view to the sale or distribution of any part thereof, and the Holder                has                no present intention of selling or engaging in any public distribution                of                the same except pursuant to a registration or                exemption. |
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| **8.1.2  ** | **Private                Issue.**The Holder understands (i) that the Warrant and the Common                Stock issuable upon exercise of this Warrant are not registered under                the                1933 Act or qualified under applicable state securities laws on the                ground                that the issuance contemplated by this Warrant will be exempt from                the                registration and qualifications requirements thereof, and (ii) that                the                Company’s reliance on such exemption is predicated on the representations                set forth in this Section 8. |
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| **8.1.3  ** | **Disposition                of Holders Rights.**  In no event will the Holder make a                disposition of the  Warrant or the Common Stock issuable upon                exercise of the  Warrant unless and until (i) it shall have                notified the Company of the proposed disposition, and (ii) if requested                by                the Company, it shall have furnished the Company with an opinion                of                counsel (which counsel may either be inside or outside counsel to                the                Holder) satisfactory to the Company and its counsel to the effect                that (A)                appropriate action necessary for compliance with the 1933 Act has                been                taken, or (B) an exemption from the registration requirements of                the 1933                Act is available.  Notwithstanding the foregoing, the                restrictions imposed upon the transferability of any of its rights                to                acquire Common Stock issuable on the exercise of such rights do not                apply                to transfers from the beneficial owner of any of the aforementioned                securities to its nominee or from such nominee to its beneficial                owner,                and shall terminate as to any particular share of stock when (1)                such                security shall have been effectively registered under the 1933 Act                and                sold by the Holder thereof in accordance with such registration or                (2)                such security shall have been sold without registration in compliance                with                Rule 144 under the 1933 Act, or (3) a letter shall have been issued                to the                Holder at its request by the staff of the Securities and Exchange                Commission or a ruling shall have been issued to the Holder at its                request                by such Commission stating that no action shall be recommended by                such                staff or taken by such Commission, as the case may be, if such security                is                transferred without registration under the 1933 Act in accordance                with the                conditions set forth in such letter or ruling and such letter or                ruling                specifies that no subsequent restrictions on transfer are                required.  Whenever the restrictions imposed hereunder shall                terminate, as hereinabove provided, the Holder or holder of a share                of                stock then outstanding as to which such restrictions have terminated                shall                be entitled to receive from the Company, without expense to such                Holder,                one or more new certificates for the Warrant or for such shares of                stock                not bearing any restrictive legend. |
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| **8.1.4  ** | **Financial                Risk**.  The Holder has such knowledge and experience in                financial and business matters as to be capable of evaluating the                merits                and risks of its investment, and has the ability to bear the economic                risks of its investment. |
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| **8.1.5  ** | **Risk                of No Registration**.  The Holder understands that if the                Company does not file reports pursuant to Section 15(d) and/or Section                12(g), of the Securities Exchange Act of 1934 (“***1934                Act***”), or if a registration statement covering the                securities under the 1933 Act is not in effect when it desires to                sell (i)                the Warrant, or (ii) the Common Stock issuable upon exercise of the                Warrant, it may be required to hold such securities for an indefinite                period.  The Holder also understands that any sale of the                Warrant or the Common Stock issuable upon exercise of the Warrant                which                might be made by it in reliance upon Rule 144 under the 1933 Act                may be                made only in accordance with the terms and conditions of that                Rule. |
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| **8.1.6  ** | **Accredited                Investor.  ** The Holder is an “accredited investor”                within the meaning of Regulation D promulgated under the 1933                Act. |
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**9.**
**Modification      and Waiver.**

**10.**
**Transfer      of this Warrant.**
***Transfer Notice***

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**11.**
**Notices**

**.**

**12.**
**Binding Effect on Successors; Benefit. **

**13.**
**Descriptive      Headings and Governing Law. **

**14.**
**Lost      Warrants. **

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**15.**
**Fractional      Shares.**

**16.**
**Certain Definitions.**

***Trading      Day***
***Trading Day***

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**In      Witness Whereof, **

|   | **Global                Realty Development Corp.** |                                                                                                                                                                         |
|--------|----------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | a                Delaware corporation              |                                                                                                                                                                         |
|   |                                               |                                                                                                                                                                         |   |
|   | By:                                                | /s/                                                                                                                                                                     |   |
|   |                                               | Name:   Robert              D. Kohn                                                                                                                           |   |
|   |                                               | Title:     President              and CEO                                                                                                           |   |
|   |                                               |  Address: Global                Realty Development Corp. 11555                Heron Bay Boulevard, Suite 200 Coral                Springs, Florida 33076 |   |
|   |                                               |                                                                                                                                                                         |   |
|   |                                               |  Phone:                (954) 509-9830 Fax:     (954)                603-0522 E-mail:  rkohn@grdcorporation.com             |   |

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**EXHIBIT      A TO WARRANT**

**EXERCISE      NOTICE**

**TO      BE EXECUTED**

**BY      THE REGISTERED HOLDER TO EXERCISE THIS WARRANT OF**

**GLOBAL      REALTY DEVELOPMENT CORP.**

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**EXHIBIT      B TO WARRANT**

**TRANSFER      NOTICE**

**TO      BE EXECUTED**

**BY      THE REGISTERED HOLDER TO TRANSFER THIS WARRANT OF**

**GLOBAL      REALTY DEVELOPMENT CORP.**