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EXHIBIT 10.26

                SUMMARY OF TERMS OF PROPOSED EMPLOYMENT AGREEMENT
                                     BETWEEN
                    GLOBAL RESOURCES CORPORATION ("Company")
                                       AND
                                ERIC SWAIN ("ES")



Term of Agreement:       Five (5) years. Company to have the right to terminate
                         Agreement at any time during the Term without "Cause"
                         (to be defined in the Agreement) and pay to ES eighteen
                         (18) months compensation and benefits. 18 months
                         severance also applicable if ES voluntarily terminates
                         his employment for "Good Reason" to be defined in the
                         Agreement.

Salary:                  From date of execution of Agreement through 12/31/09 at
                         the annual rate of $450,000. Salary to increase to an
                         annual rate of $525,000 on 1/1/10, provided that prior
                         to this date the Company made at least one (1)
                         "Milestone" sale as defined below.

Bonus:                   For each "Milestone" sale by the Company during the
                         Term, ES to receive 0.75% of the "net profit" of such
                         "Milestone" sale (to be determined after deducting cost
                         of goods sold, commissions and taxes). A "Milestone"
                         sale is defined as a contract sale of over $25 million.
                         Bonus to be payable in stock or options (in a formula
                         to be determined prior to the execution of Agreement)
                         at ES discretion.

Title:                   Chief Executive Officer. ES to be appointed to the
                         Company's Board upon execution of Agreement.

Option Grant:            Upon execution of the Agreement, ES to be granted
                         5,000,000 options with an exercise price equal to the
                         market value on date of grant (if required, the Company
                         will seek stockholder approval to increase its Stock
                         Option Plan at next stockholder meeting). 1,000,000
                         options to vest immediately and 1,000,000 options to
                         vest on each of the first four (4) anniversaries of the
                         Agreement. Vesting to accelerate upon Change in
                         Control, termination by the Company without Cause or
                         voluntary termination by ES for Good Reason (all to be
                         defined in the Agreement, but "Good Reason" to include
                         a diminution of ES' responsibilities with the Company).
                         Options to have a term of up to fifteen (15) years from
                         each vesting date.


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Employee Benefits:       Standard health and medical coverage. Automobile
                         reimbursement of $900 per month for lease or finance of
                         the vehicle, plus reimbursement of insurance,
                         maintenance, repair and fuel expenses. The Company to
                         purchase a $2.5 million life insurance policy on ES'
                         life with the beneficiary to be designated by ES. ES
                         also to receive other standard benefits given to other
                         Company executives. ES to receive four (4) weeks
                         vacation. Company to reimburse ES for legal fees in
                         connection with the preparation and negotiation of
                         Employment Agreement.

Expenses Related to      Company to reimburse ES for all expenses (including any
Termination of           applicable legal fees) associated with early
Existing                 termination ES employment with existing employer.
Employment: