Document:

PLEDGE AND ESCROW AGREEMENT
                           ---------------------------

     THIS PLEDGE AND ESCROW AGREEMENT (the "Agreement") is made and entered into
as  of August 20, 2005 (the "Effective Date") by and among SAPPHIRE DEVELOPMENTS
LIMITED  (the   "Pledgee"),  GLOBAL  REALTY  DEVELOPMENT  CORP.,  a  corporation
organized  and  existing under the laws of the State of Florida (the "Pledgor"),
and SICHENZIA ROSS FRIEDMAN FERENCE LLP, as escrow agent ("Escrow Agent").

                                    RECITALS:
                                    --------

     WHEREAS,  in  order to secure the full and prompt payment when due (whether
at  the  stated  maturity, by acceleration or otherwise) of all of the Company's
obligations  (the  "Obligations") to the Pledgee or any successor to the Pledgee
under  this Agreement, the Convertible Secured Subordinated Promissory Note (the
"Convertible  Note")  issued  by  the  Company  to the Pledgee, in the principal
amount  of Three Million Tow Hundred Thousand Australian Dollars (AUD$3,200,000)
of  principal,  plus  any  interest,  costs, fees, and other amounts owed to the
Pledgee  thereunder,  the  Security  Agreement of even date herewith between the
Pledgor   and   the  Pledgee  (the  "Security   Agreement")  (collectively,  the
"Transaction  Documents"), the Pledgor has agreed to irrevocably pledge or cause
to be pledged to the Pledgee shares of the Pledgor's common stock.

     NOW,  THEREFORE,  in  consideration  of  the  mutual covenants, agreements,
warranties,  and  representations  herein  contained,  and  for  other  good and
valuable  consideration,  the  receipt  and   sufficiency  of  which  is  hereby
acknowledged, the parties hereto agree as follows:

                              TERMS AND CONDITIONS
                              --------------------

     1.    PLEDGE  AND  TRANSFER  OF  PLEDGED  SHARES.

          1.1.  Within  ninety  (90)  days  of  the  execution  of  the Security
Agreement,  the  Pledgor  shall  cause to be delivered to the Escrow Agent stock
certificates representing such number of shares as may be determined by dividing
the  principal  amount  of  the Convertible Note then outstanding by the average
closing  bid  price  of  the  Pledgor's  common  stock  for the twenty (20) days
preceding  the  date  that  such  shares  are  delivered (the "Pledged Shares"),
together with duly executed stock powers or other appropriate transfer documents
executed  in  blank  (the "Transfer Documents"), and such stock certificates and
Transfer  Documents  shall  be  held  by  the  Escrow  Agent  until  all payment
obligations  under  the  Convertible  Note  have  been satisfied in full, either
through  payment  of  all  amounts  due  or  conversion  of  the amounts due. In
connection  therewith, the Pledgor hereby agrees to grant or cause to be granted
to  Pledgee  a security interest in all Pledged Shares as security for Pledgor's
obligations under the Convertible Note.

     2.    RIGHTS RELATING TO PLEDGED SHARES. Upon the occurrence of an Event of
Default  (as  defined herein), the Pledgee shall be entitled to vote the Pledged
Shares,  to  receive dividends and other distributions thereon, and to enjoy all
other rights and privileges incident to the ownership of the Pledged Shares.

<PAGE>

     3.     RELEASE  OF  PLEDGED  SHARES  FROM  PLEDGE.  Upon the payment of all
amounts due to the Pledgee under the Convertible Note by repayment in accordance
with  the  terms  of  the  Convertible Note, the parties hereto shall notify the
Escrow  Agent to such effect in writing. Upon receipt of such written notice for
payment of the amounts due to the Pledgee under the Convertible Note, the Escrow
Agent  shall  return  to  the  pledging  party  the  Transfer  Documents and the
certificates  representing  the  Pledged  Shares,  (collectively  the  "Pledged
Materials"),  whereupon  any  and all rights of Pledgee in the Pledged Materials
shall  be terminated. Notwithstanding anything to the contrary contained herein,
upon  full payment of all amounts due to the Pledgee under the Convertible Note,
by  repayment  in  accordance  with  the  terms  of the Note, this Agreement and
Pledgee's  security  interest  and  rights  in  and  to the Pledged Shares shall
terminate.

     4.     EVENT  OF  DEFAULT.  An  "Event  of Default" shall be deemed to have
occurred  under  this  Agreement  upon an Event of Default under the Convertible
Note.

     5.     REMEDIES.  Upon  and  anytime  after  the  occurrence of an Event of
Default,  the  Pledgee  shall  have  the right to provide written notice of such
Event  of Default (the "Default Notice") to the Escrow Agent, with a copy to the
Pledgor.  As soon as practicable after receipt of the Default Notice, the Escrow
Agent  shall  deliver  to Pledgee the Pledged Materials held by the Escrow Agent
hereunder.  Upon  receipt  of  the Pledged Materials, the Pledgee shall have the
right  to  (i)  sell the Pledged Shares and to apply the proceeds of such sales,
net  of  any  selling commissions, to the Obligations owed to the Pledgee by the
Pledgor  under  the  Transaction  Documents,  including,  without  limitation,
outstanding  principal,  interest, legal fees, and any other amounts owed to the
Pledgee,  and  exercise  all  other  rights  and  (ii) any and all remedies of a
secured  party  with  respect  to  such  property  as may be available under the
Uniform Commercial Code as in effect in the State of New York.

          5.1.  Each right, power and remedy of the Pledgee provided for in this
Agreement  or  any other Transaction Document shall be cumulative and concurrent
and  shall  be  in  addition  to  every  other  such right, power or remedy. The
exercise  or  beginning of the exercise by the Pledgee of any one or more of the
rights,  powers  or  remedies  provided  for  in  this  Agreement  or  any other
Transaction  Document  or  now  or  hereafter existing at law or in equity or by
statute  or  otherwise  shall not preclude the simultaneous or later exercise by
the  Pledgee  of  all  such  other rights, powers or remedies, and no failure or
delay  on  the  part  of the Pledgee to exercise any such right, power or remedy
shall  operate as a waiver thereof. No notice to or demand on the Pledgor in any
case  shall  entitle  it  to any other or further notice or demand in similar or
other  circumstances  or constitute a waiver of any of the rights of the Pledgee
to any other further action in any circumstances without demand or notice.

     6.    CONCERNING THE ESCROW AGENT.

          6.1.  The  Escrow  Agent undertakes to perform only such duties as are
expressly  set  forth  herein and no implied duties or obligations shall be read
into this Agreement against the Escrow Agent.

          6.2.  The  Escrow  Agent  may  act  in  reliance  upon  any writing or
instrument  or  signature  which  it, in good faith, believes to be genuine, may
assume the validity and accuracy of any statement or assertion contained in such

                                        2
<PAGE>
a  writing  or instrument, and may assume that any person purporting to give any
writing, notice, advice or instructions in connection with the provisions hereof
has  been  duly authorized to do so. The Escrow Agent shall not be liable in any
manner  for the sufficiency or correctness as to form, manner, and execution, or
validity  of  any  instrument  deposited in this escrow, nor as to the identity,
authority,  or  right of any person executing the same; and its duties hereunder
shall  be  limited to the safekeeping of such certificates, monies, instruments,
or  other document received by it as such escrow holder, and for the disposition
of  the  same  in  accordance with the written instruments accepted by it in the
escrow.

          6.3. Pledgee and the Pledgor hereby agree, to defend and indemnify the
Escrow  Agent and hold it harmless from any and all claims, liabilities, losses,
actions, suits, or proceedings at law or in equity, or any other expenses, fees,
or charges of any character or nature which it may incur or with which it may be
threatened  by reason of its acting as Escrow Agent under this Agreement; and in
connection  therewith,  to  indemnify  the  Escrow  Agent  against  any  and all
expenses,  including attorneys' fees and costs of defending any action, suit, or
proceeding  or  resisting  any claim (and any costs incurred by the Escrow Agent
pursuant to Sections 6.4 or 6.5 hereof). The Escrow Agent shall be vested with a
lien on all property deposited hereunder, for indemnification of attorneys' fees
and  court  costs  regarding  any  suit,  proceeding  or otherwise, or any other
expenses,  fees, or charges of any character or nature, which may be incurred by
the Escrow Agent by reason of disputes arising between the makers of this escrow
as to the correct interpretation of this Agreement and instructions given to the
Escrow  Agent  hereunder,  or  otherwise,  with  the  right of the Escrow Agent,
regardless of the instructions aforesaid, to hold said property until and unless
said  additional  expenses,  fees, and charges shall be fully paid. Any fees and
costs  charged  by  the  Escrow Agent for serving hereunder shall be paid by the
Pledgor.

          6.4.  If  any  of  the  parties  shall  be  in  disagreement about the
interpretation  of  this  Agreement, or about the rights and obligations, or the
propriety  of  any action contemplated by the Escrow Agent hereunder, the Escrow
Agent  may,  at its sole discretion deposit the Pledged Materials with the Clerk
of  the United States District Court of New York, sitting in New York, New York,
and,  upon  notifying all parties concerned of such action, all liability on the
part of the Escrow Agent shall fully cease and terminate. The Escrow Agent shall
be  indemnified by the Pledgor, the Company and Pledgee for all costs, including
reasonable  attorneys'  fees  in  connection  with the aforesaid proceeding, and
shall  be  fully  protected  in suspending all or a part of its activities under
this  Agreement  until a final decision or other settlement in the proceeding is
received.

          6.5.  The Escrow Agent may consult with counsel of its own choice (and
the  costs  of  such counsel shall be paid by the Pledgor and Pledgee) and shall
have  full  and  complete  authorization  and protection for any action taken or
suffered  by  it  hereunder  in good faith and in accordance with the opinion of
such  counsel.  The Escrow Agent shall not be liable for any mistakes of fact or
error of judgment, or for any actions or omissions of any kind, unless caused by
its willful misconduct or gross negligence.

                                        3
<PAGE>
          6.6. The Escrow Agent may resign upon ten (10) days' written notice to
the  parties  in  this  Agreement.  If a successor Escrow Agent is not appointed
within  this  ten  (10)  day  period,  the  Escrow Agent may petition a court of
competent jurisdiction to name a successor.

          6.7  Conflict  Waiver. The Pledgor hereby acknowledges that the Escrow
Agent  is  general  counsel  to  the Pledgor in connection with the transactions
contemplated  and  referred  herein. The Pledgor agrees that in the event of any
dispute  arising  in  connection  with this Agreement or otherwise in connection
with  any  transaction or agreement contemplated and referred herein, the Escrow
Agent  shall  be  permitted to continue to represent the Pledgor and the Pledgee
will  not seek to disqualify such counsel and waives any objection Pledgee might
have  with  respect  to  the Escrow Agent acting as the Escrow Agent pursuant to
this Agreement.

          6.8  Notices.  Unless otherwise provided herein, all demands, notices,
consents,  service of process, requests and other communications hereunder shall
be  in writing and shall be delivered in person or by overnight courier service,
or mailed by certified mail, return receipt requested, addressed:

If to the Pledgor, to:

                                     Telephone:
                                     Facsimile:

With  a  copy  to:                   Sichenzia  Ross  Friedman  Ference  LLP
                                     1065  Avenue  of  the  Americas
                                     New  York,  NY  10018
                                     Attention:  Richard  A.  Friedman,  Esq
                                     Telephone:  (212)  930-9700
                                     Facsimile:  (212)  930-9725

If  to  the  Pledgee:

                                     Attention:
                                     Telephone:
                                     Facsimile:

With copy to:

                                     Telephone:
                                     Facsimile:

                                       4
<PAGE>
Any  such  notice  shall  be  effective (a) when delivered, if delivered by hand
delivery or overnight courier service, or (b) five (5) days after deposit in the
United  States  mail,  as  applicable.

     7.    BINDING EFFECT. All of the covenants and obligations contained herein
shall  be binding upon and shall inure to the benefit of the respective parties,
their successors and assigns.

     8.    GOVERNING    LAW;  VENUE;   SERVICE   OF   PROCESS.   The   validity
interpretation and  performance  of  this  Agreement  shall  be  determined  in
accordance  with  the laws of the State of New York applicable to contracts made
and  to  be performed wholly within that state except to the extent that Federal
law  applies. The parties hereto agree that any disputes, claims, disagreements,
lawsuits,  actions  or  controversies  of  any  type  or nature whatsoever that,
directly  or  indirectly,  arise  from  or  relate to this Agreement, including,
without limitation, claims relating to the inducement, construction, performance
or  termination of this Agreement, shall be brought in the state superior courts
located  in  New York County, New York or Federal district courts located in New
York,  New  York, and the parties hereto agree not to challenge the selection of
that venue in any such proceeding for any reason, including, without limitation,
on  the  grounds  that  such  venue is an inconvenient forum. The parties hereto
specifically  agree  that  service  of  process may be made, and such service of
process shall be effective if made, pursuant to Section 8 hereto.

     9.     ENFORCEMENT  COSTS.  If  any  legal  action  or other pro-ceeding is
brought for the enforcement of this Agreement, or because of an alleged dispute,
breach,  default or misrepresenta-tion in connection with any provisions of this
Agreement,  the  successful  or prevailing party or parties shall be entitled to
recover  reasonable  attorneys'  fees,  court costs and all expenses even if not
taxable as court costs (including, without limita-tion, all such fees, costs and
expenses  incident  to  appeals),  incurred  in  that  action  or proceeding, in
addition to any other relief to which such party or parties may be entitled.

     10.     REMEDIES  CUMULATIVE.  No remedy herein conferred upon any party is
intended  to  be  exclusive  of any other remedy, and each and every such remedy
shall  be  cumulative  and  shall  be  in  addition  to every other remedy given
hereunder  or  now  or  here-after  existing  at  law, in equity, by statute, or
otherwise.  No  single  or  partial exercise by any party of any right, power or
remedy hereunder shall preclude any other or further exercise thereof.

     11.     COUNTERPARTS.  This  Agreement  may  be  executed  in  one  or more
counterparts,  each  of  which  shall  be  deemed  an original, but all of which
together shall constitute the same instrument.

     12.    NO PENALTIES. No provision of this Agreement is to be interpreted as
a penalty upon any party to this Agreement.

     13.     JURY  TRIAL.  EACH OF THE PLEDGEE AND THE PLEDGOR HEREBY KNOWINGLY,
VOLUNTARILY  AND  INTENTIONALLY WAIVES THE RIGHT WHICH IT MAY HAVE TO A TRIAL BY
JURY  OF  ANY  CLAIM, DEMAND, ACTION OR CAUSE OF ACTION BASED HEREON, OR ARISING
OUT  OF,  UNDER  OR  IN  ANY WAY CONNECTED WITH THE DEALINGS BETWEEN PLEDGEE AND
PLEDGOR, THIS PLEDGE AND ESCROW AGREEMENT OR ANY DOCUMENT EXECUTED IN CONNECTION
HEREWITH,  OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL
OR  WRITTEN)  OR ACTIONS OF ANY PARTY HERETO OR THERETO IN EACH CASE WHETHER NOW
EXISTING  OR  HEREAFTER  ARISING,  AND  WHETHER  IN  CONTRACT,  TORT,  EQUITY OR
OTHERWISE.

                                        5
<PAGE>
     IN  WITNESS  WHEREOF, the parties hereto have duly executed this Pledge and
Escrow  Agreement  as  of  the  date  first  above  written.

                                         SAPPHIRE DEVELOPMENTS LIMITED

                                         By: /s/Peter Spring
                                             ----------------
                                         Name: Peter Spring
                                         Title:

                                         GLOBAL REALTY DEVELOPMENT CORP.

                                         By: /s/ Roger Charles Davis
                                             ------------------------
                                         Name: Roger Charles Davis
                                         Title:

                                         ESCROW AGENT

                                         SICHENZIA ROSS FRIEDMAN FERENCE LLP

                                         By: /s/Richard A. Friedman
                                             -----------------------
                                         Name:     Richard A. Friedman
                                         Title:PLEDGE AND ESCROW AGREEMENT
                           ---------------------------

     THIS PLEDGE AND ESCROW AGREEMENT (the "Agreement") is made and entered into
as  of  August  20,  2005  (the  "Effective  Date")  by  and among GLOBAL REALTY
DEVELOPMENT  CORP.,  a  corporation organized and existing under the laws of the
State of Florida (the "Pledgee"), A1 FINANCIAL PLANNERS PTY LTD (the "Pledgor"),
and SICHENZIA ROSS FRIEDMAN FERENCE LLP, as escrow agent ("Escrow Agent").

                                    RECITALS:
                                    --------

     WHEREAS,  in  order to secure the full and prompt payment when due (whether
at  the  stated  maturity, by acceleration or otherwise) of all of the Pledgor's
obligations  (the  "Obligations") to the Pledgee or any successor to the Pledgee
under  this Agreement, the Convertible Secured Subordinated Promissory Note (the
"Convertible  Note")  issued  by  the  Pledgee  to Sapphire Developments Limited
("Sapphire"),  in  the  principal  amount  of Three Million Two Hundred Thousand
Australian Dollars (AUD$3,200,000) of principal, plus any interest, costs, fees,
and  other  amounts  owed to Sapphire thereunder (collectively, the "Transaction
Documents"),  and  the  Promissory  Note  (the  "Note") issued by the Pledgee to
Dominion  Estates Pty Ltd, ACN 072221375 ("Estates"), in the principal amount of
Four  Hundred Sixty Five Thousand Australian Dollars (AUD$465,000) of principal,
plus  any  interest,  costs, fees, and other amounts owed to Estates thereunder,
the  Pledgor  has  agreed  to  irrevocably  pledge or cause to be pledged to the
Pledgee shares of the Pledgor's common stock.

     NOW,  THEREFORE,  in  consideration  of  the  mutual covenants, agreements,
warranties,  and  representations  herein  contained,  and  for  other  good and
valuable  consideration,  the  receipt  and  sufficiency  of  which  is  hereby
acknowledged, the parties hereto agree as follows:

                              TERMS AND CONDITIONS
                              --------------------

     1.   PLEDGE AND TRANSFER OF PLEDGED SHARES.

          1.1.  Within  ninety  (90)  days  of  the  execution  of  the Security
Agreement,  the  Pledgor  shall  cause to be delivered to the Escrow Agent stock
certificates  representing  1,832,500  shares of the Pledgee's common stock (the
"Pledged Shares"), together with duly executed stock powers or other appropriate
transfer  documents executed in blank (the "Transfer Documents"), and such stock
certificates  and Transfer Documents shall be held by the Escrow Agent until the
Pledgee  shall  have completed the acquisition of both Dominion Estates Pty Ltd,
ACN  072221375  and  Dominion Wines Ltd, ACN 087183739. In connection therewith,
the  Pledgor hereby agrees to grant or cause to be granted to Pledgee a security
interest  in  all Pledged Shares as security for Pledgee's obligations under the
Convertible Note and the Note.

     2.   RIGHTS  RELATING TO PLEDGED SHARES. Upon the occurrence of an Event of
Default  (as  defined herein), the Pledgee shall be entitled to vote the Pledged
Shares,  to  receive dividends and other distributions thereon, and to enjoy all
other rights and privileges incident to the ownership of the Pledged Shares.

<PAGE>
     3.    RELEASE  OF  PLEDGED  SHARES FROM PLEDGE.  Upon the completion of the
acquisition  by  the Pledgee of both Dominion Estates Pty Ltd, ACN 072221375 and
Dominion  Wines  Ltd,  ACN 087183739, the parties hereto shall notify the Escrow
Agent to such effect in writing. Upon receipt of such written notice, the Escrow
Agent  shall  return  to  the  pledging  party  the  Transfer  Documents and the
certificates  representing  the  Pledged  Shares,  (collectively  the  "Pledged
Materials"),  whereupon  any  and all rights of Pledgee in the Pledged Materials
shall  be terminated. Notwithstanding anything to the contrary contained herein,
upon  completion  of the acquisition by the Pledgee of both Dominion Estates Pty
Ltd,  ACN  072221375  and  Dominion Wines Ltd, ACN 087183739, this Agreement and
Pledgee's  security  interest  and  rights  in  and  to the Pledged Shares shall
terminate.

     4.    EVENT  OF  DEFAULT.  An  "Event  of Default" shall be  deemed to have
occurred  under  this  Agreement  in  the  event that (i) the acquisition by the
Pledgee  of both Dominion Estates Pty Ltd, ACN 072221375 and Dominion Wines Ltd,
ACN  087183739  has  not  taken  place,  and  (ii) an Event of Default under the
Convertible Note and/or the Note occurs.

     5.    REMEDIES.  Upon  and  anytime  after  the  occurrence of  an Event of
Default,  the  Pledgee  shall  have  the right to provide written notice of such
Event  of Default (the "Default Notice") to the Escrow Agent, with a copy to the
Pledgor.  As soon as practicable after receipt of the Default Notice, the Escrow
Agent  shall  deliver  to Pledgee the Pledged Materials held by the Escrow Agent
hereunder.  Upon  receipt  of  the Pledged Materials, the Pledgee shall have the
right  to  (i)  sell the Pledged Shares and to apply the proceeds of such sales,
net  of  any  selling commissions, to the Obligations owed to the Pledgee by the
Pledgor  under  the  Transaction  Documents,  including,  without  limitation,
outstanding  principal,  interest, legal fees, and any other amounts owed to the
Pledgee,  and  exercise  all  other  rights  and  (ii) any and all remedies of a
secured  party  with  respect  to  such  property  as may be available under the
Uniform Commercial Code as in effect in the State of New York.

          5.1.  Each right, power and remedy of the Pledgee provided for in this
Agreement  or  any other Transaction Document shall be cumulative and concurrent
and  shall  be  in  addition  to  every  other  such right, power or remedy. The
exercise  or  beginning of the exercise by the Pledgee of any one or more of the
rights,  powers  or  remedies  provided  for  in  this  Agreement  or  any other
Transaction  Document  or  now  or  hereafter existing at law or in equity or by
statute  or  otherwise  shall not preclude the simultaneous or later exercise by
the  Pledgee  of  all  such  other rights, powers or remedies, and no failure or
delay  on  the  part  of the Pledgee to exercise any such right, power or remedy
shall  operate as a waiver thereof. No notice to or demand on the Pledgor in any
case  shall  entitle  it  to any other or further notice or demand in similar or
other  circumstances  or constitute a waiver of any of the rights of the Pledgee
to any other further action in any circumstances without demand or notice.

     6.   CONCERNING THE ESCROW AGENT.

          6.1.  The  Escrow  Agent undertakes to perform only such duties as are
expressly  set  forth  herein and no implied duties or obligations shall be read
into this Agreement against the Escrow Agent.

                                        2
<PAGE>
          6.2.  The  Escrow  Agent  may  act  in  reliance  upon  any writing or
instrument  or  signature  which  it, in good faith, believes to be genuine, may
assume the validity and accuracy of any statement or assertion contained in such
a  writing  or instrument, and may assume that any person purporting to give any
writing, notice, advice or instructions in connection with the provisions hereof
has  been  duly authorized to do so. The Escrow Agent shall not be liable in any
manner  for the sufficiency or correctness as to form, manner, and execution, or
validity  of  any  instrument  deposited in this escrow, nor as to the identity,
authority,  or  right of any person executing the same; and its duties hereunder
shall  be  limited to the safekeeping of such certificates, monies, instruments,
or  other document received by it as such escrow holder, and for the disposition
of  the  same  in  accordance with the written instruments accepted by it in the
escrow.

          6.3. Pledgee and the Pledgor hereby agree, to defend and indemnify the
Escrow  Agent and hold it harmless from any and all claims, liabilities, losses,
actions, suits, or proceedings at law or in equity, or any other expenses, fees,
or charges of any character or nature which it may incur or with which it may be
threatened  by reason of its acting as Escrow Agent under this Agreement; and in
connection  therewith,  to  indemnify  the  Escrow  Agent  against  any  and all
expenses,  including attorneys' fees and costs of defending any action, suit, or
proceeding  or  resisting  any claim (and any costs incurred by the Escrow Agent
pursuant to Sections 6.4 or 6.5 hereof). The Escrow Agent shall be vested with a
lien on all property deposited hereunder, for indemnification of attorneys' fees
and  court  costs  regarding  any  suit,  proceeding  or otherwise, or any other
expenses,  fees, or charges of any character or nature, which may be incurred by
the Escrow Agent by reason of disputes arising between the makers of this escrow
as to the correct interpretation of this Agreement and instructions given to the
Escrow  Agent  hereunder,  or  otherwise,  with  the  right of the Escrow Agent,
regardless of the instructions aforesaid, to hold said property until and unless
said  additional  expenses,  fees, and charges shall be fully paid. Any fees and
costs  charged  by  the  Escrow Agent for serving hereunder shall be paid by the
Pledgor.

          6.4.  If  any  of  the  parties  shall  be  in  disagreement about the
interpretation  of  this  Agreement, or about the rights and obligations, or the
propriety  of  any action contemplated by the Escrow Agent hereunder, the Escrow
Agent  may,  at its sole discretion deposit the Pledged Materials with the Clerk
of  the United States District Court of New York, sitting in New York, New York,
and,  upon  notifying all parties concerned of such action, all liability on the
part of the Escrow Agent shall fully cease and terminate. The Escrow Agent shall
be  indemnified by the Pledgor, the Company and Pledgee for all costs, including
reasonable  attorneys'  fees  in  connection  with the aforesaid proceeding, and
shall  be  fully  protected  in suspending all or a part of its activities under
this  Agreement  until a final decision or other settlement in the proceeding is
received.

          6.5.  The Escrow Agent may consult with counsel of its own choice (and
the  costs  of  such counsel shall be paid by the Pledgor and Pledgee) and shall
have  full  and  complete  authorization  and protection for any action taken or
suffered  by  it  hereunder  in good faith and in accordance with the opinion of
such  counsel.  The Escrow Agent shall not be liable for any mistakes of fact or
error of judgment, or for any actions or omissions of any kind, unless caused by
its willful misconduct or gross negligence.

                                        3
<PAGE>
          6.6. The Escrow Agent may resign upon ten (10) days' written notice to
the  parties  in  this  Agreement.  If a successor Escrow Agent is not appointed
within  this  ten  (10)  day  period,  the  Escrow Agent may petition a court of
competent jurisdiction to name a successor.

          6.7  Conflict  Waiver. The Pledgor hereby acknowledges that the Escrow
Agent  is  general  counsel  to  the Pledgee in connection with the transactions
contemplated  and  referred  herein. The Pledgor agrees that in the event of any
dispute  arising  in  connection  with this Agreement or otherwise in connection
with  any  transaction or agreement contemplated and referred herein, the Escrow
Agent  shall  be  permitted to continue to represent the Pledgee and the Pledgor
will  not seek to disqualify such counsel and waives any objection Pledgor might
have  with  respect  to  the Escrow Agent acting as the Escrow Agent pursuant to
this Agreement.

          6.8  Notices.  Unless otherwise provided herein, all demands, notices,
consents,  service of process, requests and other communications hereunder shall
be  in writing and shall be delivered in person or by overnight courier service,
or mailed by certified mail, return receipt requested, addressed:

If to the Pledgor, to:       A1 Financial Planners Pty Ltd

                             Telephone:
                             Facsimile:

With a copy to:

                             Attention:
                             Telephone:
                             Facsimile:

If  to  the  Pledgee:        Global  Realty  Development  Corp.
                             11555  Heron  Bay  Boulevard,  Suite  200
                             -----------------------------------------
                             Coral  Springs  Florida  33076
                             ------------------------------
                             Attention:  Robert  Kohn
                             Telephone:  (954)  603-0522
                             Facsimile:

With  copy  to:              Sichenzia  Ross  Friedman  Ference  LLP
                             1065  Avenue  of  the  Americas
                             New  York,  NY  10018
                             Attention:  Richard  A.  Friedman,  Esq
                             Telephone:  (212)  930-9700
                             Facsimile:  (212) 930-9725

                                        4
<PAGE>

Any  such  notice  shall  be  effective (a) when delivered, if delivered by hand
delivery or overnight courier service, or (b) five (5) days after deposit in the
United  States  mail,  as  applicable.

     7.   BINDING EFFECT. All of the covenants and obligations contained herein
shall  be binding upon and shall inure to the benefit of the respective parties,
their successors and assigns.

     8.    GOVERNING   LAW;   VENUE;   SERVICE   OF   PROCESS.   The   validity,
interpretation  and  performance  of  this  Agreement  shall  be  determined  in
accordance  with  the laws of the State of New York applicable to contracts made
and  to  be performed wholly within that state except to the extent that Federal
law  applies. The parties hereto agree that any disputes, claims, disagreements,
lawsuits,  actions  or  controversies  of  any  type  or nature whatsoever that,
directly  or  indirectly,  arise  from  or  relate to this Agreement, including,
without limitation, claims relating to the inducement, construction, performance
or  termination of this Agreement, shall be brought in the state superior courts
located  in  New York County, New York or Federal district courts located in New
York,  New  York, and the parties hereto agree not to challenge the selection of
that venue in any such proceeding for any reason, including, without limitation,
on  the  grounds  that  such  venue is an inconvenient forum. The parties hereto
specifically  agree  that  service  of  process may be made, and such service of
process shall be effective if made, pursuant to Section 8 hereto.

     9.    ENFORCEMENT  COSTS.  If  any  legal  action  or  other pro-ceeding is
brought for the enforcement of this Agreement, or because of an alleged dispute,
breach,  default or misrepresenta-tion in connection with any provisions of this
Agreement,  the  successful  or prevailing party or parties shall be entitled to
recover  reasonable  attorneys'  fees,  court costs and all expenses even if not
taxable as court costs (including, without limita-tion, all such fees, costs and
expenses  incident  to  appeals),  incurred  in  that  action  or proceeding, in
addition to any other relief to which such party or parties may be entitled.

     10.    REMEDIES  CUMULATIVE.  No remedy herein  conferred upon any party is
intended  to  be  exclusive  of any other remedy, and each and every such remedy
shall  be  cumulative  and  shall  be  in  addition  to every other remedy given
hereunder  or  now  or  here-after  existing  at  law, in equity, by statute, or
otherwise.  No  single  or  partial exercise by any party of any right, power or
remedy hereunder shall preclude any other or further exercise thereof.

     11.    COUNTERPARTS.  This  Agreement  may  be  executed  in  one  or  more
counterparts,  each  of  which  shall  be  deemed  an original, but all of which
together shall constitute the same instrument.

     12.   NO PENALTIES. No provision of this Agreement is to be interpreted  as
a penalty upon any party to this Agreement.

     13.    JURY  TRIAL.  EACH OF THE PLEDGEE AND THE PLEDGOR  HEREBY KNOWINGLY,
VOLUNTARILY  AND  INTENTIONALLY WAIVES THE RIGHT WHICH IT MAY HAVE TO A TRIAL BY
JURY  OF  ANY  CLAIM, DEMAND, ACTION OR CAUSE OF ACTION BASED HEREON, OR ARISING
OUT  OF,  UNDER  OR  IN  ANY WAY CONNECTED WITH THE DEALINGS BETWEEN PLEDGEE AND
PLEDGOR, THIS PLEDGE AND ESCROW AGREEMENT OR ANY DOCUMENT EXECUTED IN CONNECTION
HEREWITH,  OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL
OR  WRITTEN)  OR ACTIONS OF ANY PARTY HERETO OR THERETO IN EACH CASE WHETHER NOW
EXISTING  OR  HEREAFTER  ARISING,  AND  WHETHER  IN  CONTRACT,  TORT,  EQUITY OR
OTHERWISE.

                                        5
<PAGE>
     IN  WITNESS  WHEREOF, the parties hereto have duly executed this Pledge and
Escrow  Agreement  as  of  the  date  first  above  written.

                                   GLOBAL REALTY DEVELOPMENT CORP.

                                    By: /s/ Roger Charles Davis
                                       -----------------------
                                    Name: Roger Charles Davis
                                    Title:

                                    A1 FINANCIAL PLANNERS PTY LTD

                                    By:/s/ Katherine Voss
                                       ------------------
                                    Name: Katherine Voss
                                    Title:

                                    ESCROW AGENT

                                    SICHENZIA ROSS FRIEDMAN FERENCE LLP

                                    By: /s/ Richard A. Friedman
                                        -----------------------
                                    Name:     Richard A. Friedman
                                    Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]