CONSULTING AGREEMENT

This Consulting  Agreement (the  "Agreement"),  effective as of April 7, 2006 is
entered  into  by and  between  Global  Realty  Development  Corp.,  a  Delaware
corporation (herein referred to as the "Company") and Redwood Consultants,  LLC,
a California Limited Liability Company (herein referred to as the "Consultant").

                                    RECITALS

WHEREAS, Company is a publicly-held  corporation with its common stock traded on
the OTC BB Market under the symbol GRLY; and

WHEREAS,  Company  desires to engage the services of Consultant to represent the
company  in  investors'   communications  and  public  relations  with  existing
shareholders,  brokers,  dealers and other  investment  professionals  as to the
Company's  current  and  proposed  activities,  and to consult  with  management
concerning such Company activities;

NOW THEREFORE,  in  consideration  of the promises and the mutual  covenants and
agreements  hereinafter  set forth,  the parties  hereto  covenant  and agree as
follows:

     1. Term of  Consultancy.  Company hereby agrees to retain the Consultant to
act in a consulting  capacity to the Company and the Consultant hereby agrees to
provide  services  to the  Company  commencing  upon April 7, 2006 and ending on
April 6, 2007.

     2. Duties of  Consultant.  The  Consultant  agrees  that it will  generally
provide the following  specified  consulting  services  through its officers and
employees during the term specified in Section 1:

               (a) Consult and assist the Company in developing and implementing
appropriate  plans and means for presenting the Company and its business  plans,
strategy and personnel to the financial community, establishing an image for the
Company in the financial  community,  and creating the foundation for subsequent
financial public relations efforts;

               (b) Introduce the Company to the financial community;

               (c) With the  cooperation  of the Company,  maintain an awareness
during  the  term  of  this  Agreement  of the  Company's  plans,  strategy  and
personnel,  as they may evolve  during such  period,  and consult and assist the
Company in communicating  appropriate information regarding such plans, strategy
and personnel to the financial community;

               (d)  Assist  and  consult  the  Company  with  respect to its (i)
relations with stockholders,  (ii) relations with brokers, dealers, analysts and
other investment professionals, and (iii) financial public relations generally;

               (e)  Perform the  functions  generally  assigned  to  stockholder
relations and public  relations  departments  in major  corporations,  including
responding  to  telephone  and written  inquiries  (which may be referred to the
Consultant by the Company);  preparing  press  releases for the Company with the
Company's  involvement  and  approval  of  press  releases,  reports  and  other
communications with or to shareholders, the investment community and the general
public;  consulting  with respect to the timing,  form,  distribution  and other
matters  related to such  releases,  reports  and  communications;  and,  at the
Company's  request and subject to the  Company's  securing its own rights to the
use of its  names,  marks,  and logos,  consulting  with  respect  to  corporate
symbols,  logos,  names, the presentation of such symbols,  logos and names, and
other matters relating to corporate image;

               (f)  Upon  the  Company's  direction  and  approval,  disseminate
information  regarding  the Company to  shareholders,  brokers,  dealers,  other
investment community professionals and the general investing public;

               (g) Upon the Company's approval,  conduct meetings,  in person or
by telephone, with brokers, dealers, analysts and other investment professionals
to communicate  with them regarding the Company's  plans,  goals and activities,
and assist the  Company in  preparing  for press  conferences  and other  forums
involving the media, investment professionals and the general investment public;

<PAGE>

               (h) At the Company's request, review business plans,  strategies,
mission  statements  budgets,  proposed  transactions  and  other  plans for the
purpose of advising the Company of the public  relations  implications  thereof;
and,

               (i)  Otherwise  perform as the  Company's  consultant  for public
relations and relations with financial professionals.

     3.  Allocation  of Time and Energies.  The  Consultant  hereby  promises to
perform and discharge faithfully the  responsibilities  which may be assigned to
the  Consultant   from  time  to  time  by  the  officers  and  duly  authorized
representatives  of the Company in connection  with the conduct of its financial
and public relations and communications  activities,  so long as such activities
are in compliance with applicable  securities laws and  regulations.  Consultant
and staff  shall  diligently  and  thoroughly  provide the  consulting  services
required  hereunder.  Although no  specific  hours-per-day  requirement  will be
required,  Consultant  and the Company  agree that  Consultant  will perform the
duties set forth herein above in a diligent and professional manner. The parties
acknowledge and agree that a disproportionately large amount of the effort to be
expended and the costs to be incurred by the  Consultant  and the benefits to be
received by the Company are expected to occur within or shortly  after the first
two months of the effectiveness of this Agreement.  It is explicitly  understood
that Consultant's performance of its duties hereunder will in no way be measured
by the  price of the  Company's  common  stock,  nor the  trading  volume of the
Company's  common stock. It is also understood that the Company is entering into
this  Agreement  with Redwood  Consultants,  LLC ("RC"),  a  California  Limited
Liability Company and not any individual member of RC, and, as such,  Consultant
will not be deemed to have  breached  this  Agreement if any member,  officer or
director of RC leaves the firm or dies or becomes  physically  unable to perform
any  meaningful  activities  during  the  term of the  Agreement,  provided  the
Consultant otherwise performs its obligations under this Agreement.

     4. Remuneration.  As full and complete  compensation for services described
in this Agreement, the Company shall compensate RC as follows:

          4.1 For  undertaking  this  engagement and for other good and valuable
consideration,  the Company  agrees to issue to the  Consultant a  "Commencement
Bonus" of 2,100,000  shares of the Company's Common Stock ("Common Stock") to be
delivered to  Consultant  within ten (10)  business  days of the signing of this
Agreement. This Commencement Bonus shall be issued to the Consultant immediately
following  execution of this  Agreement and shall,  when issued and delivered to
Consultant, be fully paid and non-assessable. The Company understands and agrees
that Consultant has foregone significant opportunities to accept this engagement
and that the Company  derives  substantial  benefit  from the  execution of this
Agreement  and the ability to announce its  relationship  with  Consultant.  The
2,100,000  shares of Common Stock  issued as a  Commencement  Bonus,  therefore,
constitute payment for Consultant's  agreement to consult to the Company and are
a nonrefundable,  non-apportionable,  and non-ratable  retainer;  such shares of
common stock are not a prepayment for future services. If the Company decides to
terminate this Agreement prior to April 6, 2007 for any reason whatsoever, it is
agreed and understood  that  Consultant will not be requested or demanded by the
Company to return any of the shares of Common  Stock paid to it as  Commencement
Bonus hereunder.  Further,  if and in the event the Company is acquired in whole
or in part,  during  the term of this  agreement,  it is agreed  and  understood
Consultant will not be requested or demanded by the Company to return any of the
2,100,000 shares of Common stock paid to it hereunder. It is further agreed that
if at any time during the term of this agreement,  the Company or  substantially
all of the Company's  assets are merged with or acquired by another  entity,  or
some other change occurs in the legal entity that  constitutes the Company,  the
Consultant  shall  retain and will not be requested by the Company to return any
of the 2,100,000 shares.

          4.2 The  Commencement  Bonus shares issued  pursuant to this agreement
shall be issued in the name of Redwood Consultants, LLC, Tax ID # 68-047-3637.

          4.3 With each transfer of shares of Common Stock to be issued pursuant
to this Agreement (collectively, the "Shares"), Company shall cause to be issued
a certificate representing the Common Stock and a written opinion of counsel for
the  Company  stating  that said  shares  are  validly  issued,  fully  paid and
non-assessable and that the issuance and eventual transfer of them to Consultant
has been duly authorized by the Company. Company warrants that all Shares issued
to Consultant  pursuant to this Agreement shall have been validly issued,  fully
paid and  non-assessable  and  that the  issuance  and any  transfer  of them to
Consultant shall have been duly authorized by the Company's board of directors.

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<PAGE>
          4.4  Consultant  acknowledges  that the  shares of Common  Stock to be
issued  pursuant to this  Agreement  (collectively,  the "Shares") have not been
registered  under the Securities Act of 1933, and  accordingly  are  "restricted
securities"  within the meaning of Rule 144 of the Act. As such,  the Shares may
not be resold or  transferred  unless the  Company  has  received  an opinion of
counsel  reasonably  satisfactory to the Company that such resale or transfer is
exempt from the  registration  requirements  of that Act. The Company  shall not
unreasonably withhold approval of any application filed by Consultant under Rule
144(d) of the Act to clear the subject  shares of restriction  after  Consultant
has satisfied the requirements of Rule 144(d).

          4.5  (Grant of  Warrants).  The  Company  shall  grant and  deliver to
Consultant  warrants (the  "Warrants") to purchase up to 1,000,000 shares of the
Company's  common  stock  (the  "Common  Stock"),  such  Warrants  to be granted
immediately  at an  exercise  price of $2.00 per share.  The  Warrants  shall be
exercisable  at any time or from  time-to-time  commencing on the grant date and
subject to customary anti-dilution adjustments for reorganizations, stock splits
and the like, and payable in cash (including check, bank draft or money order).

          4.6 In  connection  with the  acquisition  of  Shares  hereunder,  the
Consultant  represents  and  warrants  to the  Company,  to the best of  its/his
knowledge, as follows:

               (a) Consultant acknowledges that the Consultant has been afforded
the  opportunity  to ask questions of and receive  answers from duly  authorized
officers or other representatives of the Company concerning an investment in the
Shares, and any additional information which the Consultant has requested.

               (b)   Consultant's   investment  in   restricted   securities  is
reasonable in relation to the Consultant's net worth,  which is in excess of ten
(10)  times  the  Consultant's  cost  basis in the  Shares.  Consultant  has had
experience in  investments  in restricted and publicly  traded  securities,  and
Consultant has had experience in investments in speculative securities and other
investments   which  involve  the  risk  of  loss  of   investment.   Consultant
acknowledges  that an investment in the Shares is  speculative  and involves the
risk of loss.  Consultant  has the  requisite  knowledge  to assess the relative
merits and risks of this investment  without the necessity of relying upon other
advisors, and Consultant can afford the risk of loss of his entire investment in
the Shares. Consultant is (i) an accredited investor, as that term is defined in
Regulation D promulgated  under the Securities Act of 1933, and (ii) a purchaser
described in Section 25102 (f) (2) of the California Corporate Securities Law of
1968, as amended.

               (c) Consultant is acquiring the Shares for the  Consultant's  own
account  for  long-term  investment  and  not  with  a  view  toward  resale  or
distribution thereof except in accordance with applicable securities laws.

     5. Financing  "Finder's Fee". It is understood that in the event Consultant
introduces  Company,  or its  nominees,  directly  to an equity  purchaser,  not
already having a preexisting  relationship with the Company,  with whom Company,
or its nominees, ultimately finances or causes the completion of such financing,
Company agrees to compensate  Consultant for such services with a "finder's fee"
in the amount of 7% of total gross  funding  provided by such equity  purchaser,
such fee to be  payable in cash.  In  addition,  if  Consultant  introduces  the
Company  to any other  intermediary,  which  shall be the  subject  of  separate
agreements  negotiated  between  Company and such other  intermediary,  and such
intermediary causes the completion of an equity financing, then Consultant shall
receive 5% for the first $1,000,000, 4% for the next $1,000,000, 3% for the next
$1,000,000,  2% for the next  $1,000,000  and 1% for  every  $1,000,000  dollars
thereafter  (the  Lehman  formula).  It is also  understood  that  in the  event
Consultant  introduces  Company, or its nominees,  to an acquisition  candidate,
either directly or indirectly through another intermediary, not already having a
preexisting  relationship  with the Company,  which  Company,  or its  nominees,
ultimately acquires or causes the completion of such acquisition, Company agrees
to compensate  Consultant  for such  services with a "finder's  fee" in the same
amounts  as  described  above  of total  gross  consideration  provided  by such
acquisition, such fee to be payable in cash and or stock as per the acquisition.
It is  specifically  understood  that Consultant is not and does not hold itself
out be a  Broker/Dealer,  but is rather  merely a "Finder" in  reference  to the
Company procuring financing sources and acquisition  candidates.  Any obligation
to pay a "Finder's Fee"  hereunder  shall survive the merging,  acquisition,  or
other  change in the form of entity of the  Company and to the extent it remains
unfulfilled shall be assigned and transferred to any successor to the Company.

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<PAGE>
          5.1 It is further  understood  that Company,  and not  Consultant,  is
responsible  to  perform  any and  all due  diligence  on  such  lender,  equity
purchaser or  acquisition  candidate  introduced to it by Consultant  under this
Agreement, prior to Company receiving funds or closing on any acquisition.

However,  Consultant  will not  introduce  any  parties to Company  about  which
Consultant  has any  prior  knowledge  of  questionable,  unethical  or  illicit
activities.

          5.2 Company agrees that said  compensation to Consultant shall be paid
in full at the time said financing or acquisition is closed,  such  compensation
to be transferred by Company to Consultant within seven (7) business days of the
execution of the financing of acquisition closing document.

Payment of said  compensation  shall be a condition  precedent to the closing of
such financing or  acquisition,  and Company shall execute any and all documents
necessary to effect said compensation.

          5.3 As further consideration to Consultant,  Company, or its nominees,
agrees to pay with respect to any financing or  acquisition  candidate  provided
directly or indirectly to the Company by any lender or equity purchaser  covered
by this  Section 5 during  the  period of one year from the close of the term of
this Agreement, a fee to Consultant equal to that outlined in Section 5 herein.

          5.4  Consultant  will  notify  Company of  introductions  it makes for
potential  sources of  financing  or  acquisitions  in a timely  manner  (within
approximately  3 days of  introduction)  via  facsimile  memo.  If Company has a
preexisting  relationship  with such nominee and  believes  such party should be
excluded from this Agreement,  then Company will notify  Consultant  immediately
within  twenty-four  (24)  hours of  Consultant's  facsimile  to Company of such
circumstance via facsimile memo.

     6. Non-Assignability of Services. Consultant's services under this contract
are  offered to Company  only and may not be  assigned  by Company to ant entity
with which Company merges or which acquires the Company or substantially  all of
its assets.  In the event of such merger or  acquisition,  all  compensation  to
Consultant  herein  under the  schedules  set forth  herein shall remain due and
payable, and any compensation  received by the Consultant may be retained in the
entirety by  Consultant,  all without any reduction or  pro-rating  and shall be
considered  and  remain  fully  paid  and  non-assessable.  Notwithstanding  the
non-assignability  of  Consultant's  services,  Company shall assure that in the
event of any merger,  acquisition, or similar change of form of entity, that its
successor  entity  shall  agree  to  complete  all  obligations  to  Consultant,
including  the  provision  and  transfer  of all  compensation  herein,  and the
preservation  of the  value  thereof  consistent  with  the  rights  granted  to
Consultant by the Company herein, and to Shareholders.

     7.  Indemnification.  The Company  warrants  and  represents  that all oral
communications,  written  documents or materials  furnished to Consultant by the
Company  with  respect  to  financial  affairs,  operations,  profitability  and
strategic  planning of the Company are accurate and Consultant may rely upon the
accuracy thereof without  independent  investigation.  The Company will protect,
indemnify  and  hold  harmless  Consultant  against  any  claims  or  litigation
including  any  damages,  liability,  cost  and  reasonable  attorney's  fees as
incurred with respect  thereto  resulting  from  Consultant's  communication  or
dissemination of any said information, documents or materials excluding any such
claims or litigation resulting from Consultant's  communication or dissemination
of information not provided or authorized by the Company.

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<PAGE>
     8.  Representations.  Consultant  represents  that  it is not  required  to
maintain any licenses and  registrations  under federal or any state regulations
necessary  to perform the  services set forth  herein.  Consultant  acknowledges
that, to the best of its  knowledge,  the  performance of the services set forth
under this  Agreement  will not violate any rule or provision of any  regulatory
agency having jurisdiction over Consultant. Consultant acknowledges that, to the
best of its  knowledge,  Consultant  and its officers and  directors are not the
subject of any investigation,  claim, decree or judgment involving any violation
of the SEC or securities laws.  Consultant further acknowledges that it is not a
securities   Broker  Dealer  or  a  registered   investment   advisor.   Company
acknowledges  that, to the best of its  knowledge,  that it has not violated any
rule or provision of any regulatory agency having jurisdiction over the Company.
Company  acknowledges  that,  to the best of its  knowledge,  Company is not the
subject of any investigation,  claim, decree or judgment involving any violation
of the SEC or securities laws.

     9.  Legal  Representation.  The  Company  acknowledges  that  it  has  been
represented by independent  legal counsel in the  preparation of this Agreement.
Consultant  represents  that it has  consulted  with  independent  legal counsel
and/or tax, financial and business advisors, to the extent the Consultant deemed
necessary.

     10. Status as Independent  Contractor.  Consultant's engagement pursuant to
this  Agreement  shall be as  independent  contractor,  and not as an  employee,
officer or other agent of the Company.  Neither  party to this  Agreement  shall
represent  or hold  itself  out to be the  employer  or  employee  of the other.
Consultant  further  acknowledges the  consideration  provided  hereinabove is a
gross amount of  consideration  and that the Company will not withhold from such
consideration  any amounts as to income taxes,  social security  payments or any
other payroll taxes.  All such income taxes and other such payment shall be made
or provided for by Consultant  and the Company shall have no  responsibility  or
duties regarding such matters.  Neither the Company nor the Consultant possesses
the authority to bind each other in any agreements  without the express  written
consent of the entity to be bound.

     11.  Attorney's  Fee.  If any  legal  action  or any  arbitration  or other
proceeding is brought for the enforcement or  interpretation  of this Agreement,
or because of an  alleged  dispute,  breach,  default  or  misrepresentation  in
connection with or related to this Agreement, the successful or prevailing party
shall be  entitled  to recover  reasonable  attorneys'  fees and other  costs in
connection  with that action or  proceeding,  in addition to any other relief to
which it or they may be entitled.

     12. Waiver. The waiver by either party of a breach of any provision of this
Agreement  by the other party shall not operate or be  construed  as a waiver of
any subsequent breach by such other party.

     13. Notices.  All notices,  requests,  and other  communications  hereunder
shall  be  deemed  to be duly  given  if sent by  U.S.  mail,  postage  prepaid,
addressed to the other party at the address as set forth herein below:

To the Company:
Global Realty Development Corp.
11555 Heron Bay Blvd. Suite 200
Coral Springs, FL 33076

To the Consultant:
Redwood Consultants, LLC
Jens Dalsgaard, Managing Director
250 Bel Marin Keys Blvd., Bldg. A-1
Novato, CA 94949

     It is understood  that either party may change the address to which notices
for it shall be addressed by providing  notice of such change to the other party
in the manner set forth in this paragraph.

     14. Choice of Law, Jurisdiction and Venue. This Agreement shall be governed
by,  construed  and  enforced  in  accordance  with  the  laws of the  State  of
California.  The parties agree that  California will be the venue of any dispute
and will have jurisdiction over all parties.

     15.  Arbitration.  Any  controversy  or claim arising out of or relating to
this  Agreement,  or the alleged  breach  thereof,  or relating to  Consultant's
activities or  remuneration  under this  Agreement,  shall be settled by binding
arbitration  in  California,  in  accordance  with the  applicable  rules of the
American  Arbitration  Association,  and  judgment on the award  rendered by the
arbitrator(s)  shall be binding on the  parties  and may be entered in any court
having  jurisdiction as provided by Paragraph 14 herein. The provisions of Title
9 of  Part 3 of the  California  Code  of  Civil  Procedure,  including  section
1283.05, and successor statutes, permitting expanded discovery proceedings shall
be applicable to all disputes that are arbitrated under this paragraph.

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<PAGE>
     16. Complete Agreement. This Agreement contains the entire agreement of the
parties relating to the subject matter hereof.  This Agreement and its terms may
not be changed  orally but only by an agreement  in writing  signed by the party
against  whom  enforcement  of any waiver,  change,  modification,  extension or
discharge is sought.


AGREED TO:


"Company"                           GLOBAL REALTY DEVELOPMENT CORP.




Date: April 7, 2006                 By: /s/ Robert Kohn
                                    -------------------
                                    Robert Kohn, Chief Executive Officer


"Consultant"                        REDWOOD CONSULTANTS, LLC




 Date: April 7, 2006                 By: /s/ Jens Dalsgaard
                                     ----------------------
                                     Jens Dalsgaard, Managing Director



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