Document:

PWRI form SB-2 02-13-2006 EX 4.10

    EXHIBIT
      4.10

    

    NEITHER
      THIS WARRANT NOR THE SHARES OF COMMON STOCK UNDERLYING THIS WARRANT HAVE BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
      OR UNDER ANY STATE SECURITIES LAW AND MAY NOT BE PLEDGED, SOLD, ASSIGNED OR
      TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT WITH RESPECT
      THERETO UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAW, OR UNLESS THE
      COMPANY RECEIVES AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY, THAT SUCH
      REGISTRATION IS NOT REQUIRED.

    

    WARRANT
      W2005-______

    

    WARRANT
      TO PURCHASE COMMON STOCK OF

    

    POWER2SHIP,
      INC.

    

    This
      is
      to certify that _______________ (the "Holder") is entitled, subject to the
      terms
      and conditions hereinafter set forth, to purchase ______________________(______)
      shares of Common Stock, par value $.001 per share (the "Common Shares"), of
      Power2Ship, Inc. a Nevada corporation (the "Company"), from the Company at
      the
      price per share and on the terms set forth herein and to receive a certificate
      for the Common Shares so purchased on presentation and surrender to the Company
      with the subscription form attached, duly executed and accompanied by payment
      of
      the purchase price of each share purchased either in cash or by certified or
      bank cashier's check or other check acceptable to the Company, payable to the
      order of the Company.

    

    The
      purchase rights represented by this Warrant are exercisable commencing with
      the
      date hereof through and including October 31, 2008 at a price per Common Share
      of $0.15.

    

    Notwithstanding
      any provisions herein to the contrary, the Holder may, by electing on the
      attached Subscription Form, exercise the Warrant for a number of Common Shares
      determined in accordance with the following formula:

     

    X
      =
Y(A-B)

    A

    

    Where:

    X
      = The
      number of Common Shares to be issued to the Holder

    Y
      = The
      number of Common Shares for which this Warrant is being exercised

    A
      = The
      fair market value of one share Common Share 

    B
      =
      Exercise Price per Common Share (as adjusted to the date of such
      exercise)

    

    

    For
      purposes of the foregoing calculation, the "fair market value" per share shall
      be the closing price of the Common Shares on the exchange or electronic
      quotation service on which the Common Shares are then listed or quoted, or
      if
      such a price is not available, the average of the high and low bid and asked
      prices for the Common Shares on such date.

    

    The
      purchase rights represented by this Warrant are exercisable at the option of
      the
      registered owner hereof in whole or in part, from time to time, within the
      period specified; provided, however, that such purchase rights shall not be
      exercisable with respect to a fraction of a Common Share. In case of the
      purchase of less than all the Common Shares purchasable under this Warrant,
      the
      Company shall cancel this Warrant on surrender hereof and shall execute and
      deliver a new Warrant of like tenor and date for the balance of the shares
      purchasable hereunder.

    

    This
      Warrant shall not entitle the holder hereof to any voting rights or other rights
      as a shareholder of the Company, or to any other rights whatever except the
      rights herein expressed and such as are set forth, and no dividends shall be
      payable or accrue in respect of this Warrant or the interest represented hereby
      or the Common Shares purchasable hereunder until or unless, and except to the
      extent that, this Warrant shall be exercised.

    

    In
      the
      event that the outstanding Common Shares hereafter are changed into or exchanged
      for a different number or kind of shares or other securities of the Company
      or
      of another corporation by reason of merger, consolidation, other reorganization,
      recapitalization, reclassification, combination of shares, stock split-up or
      stock dividend:

    

    (a) The
      aggregate number, price and kind of Common Shares subject to this Warrant shall
      be adjusted appropriately;

    

    

    
      
        
          2

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    (b) Rights
      under this Warrant, both as to the number of subject Common Shares and the
      Warrant exercise price, shall be adjusted appropriately; and

    

    (c) In
      the
      event of dissolution or liquidation of the Company or any merger or combination
      in which the Company is not a surviving corporation, this Warrant shall
      terminate, but the registered owner of this Warrant shall have the right,
      immediately prior to such dissolution, liquidation, merger or combination,
      to
      exercise this Warrant in whole or in part to the extent that it shall not have
      been exercised.

    

    The
      foregoing adjustments and the manner of application of the foregoing provisions
      may provide for the elimination of fractional share interests.

    

    The
      Company shall not be required to issue or deliver any certificate for Common
      Shares purchased on exercise of this Warrant or any portion thereof prior to
      fulfillment of all the following conditions:

    

    

    (a) The
      completion of any required registration or other qualification of such shares
      under any federal or state law or under the rulings or regulations of the
      Securities and Exchange Commission or any other government regulatory body
      which
      is necessary;

    

    (b) The
      obtaining of any approval or other clearance from any federal or state
      government agency which is necessary;

    

    (c) The
      obtaining from the registered owner of the Warrant, as required in the sole
      judgment of the Company, a representation in writing that the owner is acquiring
      such Common Shares for the owner's own account for investment and not with
      a
      view to, or for sale in connection with, the distribution of any part thereof,
      if the Warrants and the related shares have not been registered under the
      Securities Act; and

    

    (d) The
      placing on the certificate, as required in the sole judgment of the Company,
      of
      an appropriate legend and the issuance of stop transfer instructions in
      connection therewith if this Warrant and the related shares have not been
      registered under the Act to the following effect:

    

    "THE
      SECURITUIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
      THE
      SECURITIES ACT OF 1933 (THE “ACT”) OR THE LAWS OF ANY STATE AND HAVE BEEN ISSUED
      PURSUANT TO AN EXEMPTION FROM REGISTRATION PERTAINING TO SUCH SECURITIES AND
      PURSUANT TO A REPRESENTATION BY THE SECURITY HOLDER NAMED HEREON THAT SAID
      SECURITIES HAVE BEEN ACQUIRED FOR PURPOSES OF INVESTMENT AND MAY NOT BE OFFERED,
      SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
      REGISTRATION STATEMENT WITH RESPECT THERETO UNDER THE ACT AND ANY APPLICABLE
      SECURITIES LAW, OR UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL,
      SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATION IS NOT
      REQUIRED."

    

    

    
      
        
          

           

          of
            3

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be executed by the
      signature of its duly authorized officer.

    

    POWER2SHIP,
      INC.

    

    

    By: ______________________________

    Richard
      Hersh, Chief Executive Officer

    Dated:
      ________________,
      2005

    

    
      
        
          

           

          of
            3

           

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    SUBSCRIPTION
      FORM

    

    (To
      be
      executed by the registered holders to exercise the rights to purchase Common
      Shares evidenced by the within Warrant.)

    

    

    Power2Ship,
      Inc. 

    903
      Clint
      Moore Road

    Boca
      Raton, Florida 33487

    

    The
      undersigned, being the registered holder of the Warrant issued by Power2Ship,
      Inc. for the purchase of _______________
      Common
      Shares issued ___________________,
      2005
      accompanying this letter, hereby irrevocably exercises such Warrant for
__________
      Common
      Shares and herewith makes payment therefore by (check one): ____
      check
      accompanying this Subscription Form or _____
      cashless
      exercise in accordance with the Warrant, and requests that a certificate for
      such Common Shares be issued in the name of the undersigned and be delivered
      to
      the undersigned at the address stated below.

    

    If
      such
      number of Common Shares shall not be all of the Common Shares issuable upon
      exercise of the attached Warrant, then a new Warrant shall be issued in the
      name
      of the undersigned for the balance remaining of such Common Shares less any
      fraction of a Common Share paid in cash.

    

    
      
        	
                Dated:
                  _______________
                  

              	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	
                 

              	
                 

              	 	 	 	 	 	
                Print
                  Name of Investor

              
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
                Print
                  Name of Joint Investor

              
	 	 	 	 	 	 	 	
                (if
                  applicable)

              
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	
                 

              	 	 	 	 	 	 	
                Signature
                  of Investor

              
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	
                Signature
                  of Joint Investor

              
	 	 	 	 	 	 	 	
                (if
                  applicable)

              

      

    

    

     

    Signature
      of Joint Investor

    (if
      applicable)

    

    

    Address:____________________________

    

    ____________________________________--

    

    ____________________________________--PLEDGE AGREEMENT

      This PLEDGE AGREEMENT ("Agreement") is entered into as of this 18th day of
November, 2005, made by and among Global Resource Corporation, a Nevada
corporation ("Debtor") and Transnix Global Corporation, a Nevada corporation
("Secured Party"), with reference to the following facts:

                                                     RECITALS

      A. Secured Party is the holder of certain 8% convertible debentures (the
"Debentures") issued by the Debtor in the principal amount of $137,900.00.

      B. The Debtor has defaulted on repayment of the Debentures.

      C. In order to prevent the Secured Party from commencing legal action
against the Debtor and to provide the Secured Party with additional security for
repayment of the Debentures, the Debtor has agreed to pledge to Secured Party
its 50% membership interest in Well Renewal, LLC, a Nevada limited liability
company (the "Membership Interest") in order to secure Debtor's payment of all
amounts due under the Debentures.

                                    AGREEMENT

      NOW, THEREFORE, in consideration of the foregoing, and for other good and
valuable consideration, the receipt and adequacy of which hereby is
acknowledged, Debtor hereby represents, warrants, covenants, agrees and pledges
as follows:

      1. Creation of Security Interest.

            1.1 Pledge of Pledged Collateral. The Debtor hereby pledges to
Secured Party and grant to Secured Party a security interest in and to the
Membership Interest (the "Pledged Membership Interest"), and any and all
securities now or hereafter issued in substitution, exchange or replacement
therefor, together with any and all dividends, distributions, redemption
payments or liquidation payments with respect to, and any and all rights,
titles, interests, privileges, benefits and preferences appertaining or
incidental to, any of the foregoing (collectively, the "Pledged Collateral").

            1.2 Delivery of Pledged Collateral. Concurrently with the execution
of this Agreement, the Debtor shall deliver to Secured Party the certificates
representing the Pledged Membership Interest and any other documents and
instruments that Secured Party may reasonably request evidencing or constituting
the Pledged Collateral.

            1.3 Return of Pledged Collateral. Upon payment in full of the
Debentures, Secured Party shall immediately return and reassign the Pledged
Collateral to the Debtor.

                                       1
<PAGE>

      2. Security for Obligations. This Agreement and the pledges and security
interests granted herein secure the payment of the amounts due under the
Debentures.

      3. Further Assurances. The Debtor agrees that at any time, and from time
to time, they will promptly execute, deliver and file or record all further
financing statements, instruments and documents, and will take all further
actions that may be necessary or desirable, or that Secured Party reasonably may
request, in order to perfect and protect the pledge or security interest granted
hereby or to enable Secured Party to exercise and enforce Secured Party' rights
and remedies hereunder with respect to the Pledged Collateral and to preserve,
protect and maintain the Pledged Collateral and the value thereof, including
without limitation payment of all taxes, assessments and other charges imposed
on or relating to the Pledged Collateral. The Debtor hereby consents and agrees
that the issuers of, or obligors on, the Pledged Collateral, or any registrar or
transfer agent or trustee for any of the Pledged Collateral, shall be entitled
to accept the provisions of this Agreement as conclusive evidence of the right
of Secured Party to effect any transfer or exercise any right hereunder,
notwithstanding any other notice or direction to the contrary heretofore or
hereafter given by the Debtor or any other person to such issuers or such
obligors or to any such registrar or transfer agent or trustee.

      4. Voting Rights, Dividends, etc. So long as no Event of Default (as
hereinafter defined in Section 7) occurs and remains continuing:

            4.1 Voting Rights. The Debtor shall be entitled to exercise any and
all voting and other consensual rights pertaining to the Pledged Collateral, or
any part thereof, for any purpose not inconsistent with the terms of this
Agreement; provided, however, that the Debtor shall not exercise, or shall
refrain from exercising, any such right if it would result in an Event of
Default, or an event that with notice, lapse of time or both, would result in an
Event of Default.

            4.2 Dividend and Distribution Rights. The Debtor shall be entitled
to receive and to retain and use any and all dividends or distributions paid in
respect of the Pledged Collateral; provided, however, that any and all such
dividends be, and the certificates representing such capital stock forthwith
shall be delivered to Secured Party to hold as, Pledged Collateral and shall, if
received by the Debtor, be received in trust for the benefit of Secured Party,
be segregated from the other property of the Debtor and forthwith be delivered
to Secured Party as Pledged Collateral in the same form as so received (with any
necessary endorsements and stock powers).

      5. Rights After Event of Default. After an Event of Default has occurred
and is continuing:

            5.1 Voting, Dividend and Distribution Rights. At the option of
Secured Party and upon written notice to the Debtor, all rights of the Debtor to
exercise the voting and other consensual rights which it would otherwise be
entitled to exercise pursuant to Section 4.1 above, and to receive the dividends
and distributions which it would otherwise be authorized to receive and retain
pursuant to Section 4.2 above, shall cease, and all such rights shall thereupon
become vested in Secured Party, which shall thereupon have the sole right to
exercise such voting and other consensual rights and to receive and to hold as
Pledged Collateral such dividends and distributions.

                                       2
<PAGE>

            5.2 Dividends and Distributions Held in Trust. All dividends and
other distributions which are received by the Debtor contrary to the provisions
of this Agreement shall be received in trust for the benefit of Secured Party,
shall be segregated from other funds of the Debtor and forthwith shall be paid
over to Secured Party as Pledged Collateral in the same form as so received
(with any necessary endorsements).

      6. Transfer and Other Liens. The Debtor agrees that it will not (i) sell,
assign, exchange, transfer or otherwise dispose of, or contract to sell, assign,
exchange, transfer or otherwise dispose of, or grant any option with respect to,
any of the Pledged Collateral, (ii) create or permit to exist any lien or right
of others upon or with respect to any of the Pledged Collateral, except for
liens in favor of Secured Party, or (iii) take any action with respect to the
Pledged Collateral which is inconsistent with the provisions or purposes of this
Agreement.

      7. Events of Default and Remedies.

            7.1 Event of Default. The occurrence of any one or more of the
following events or conditions shall be deemed to be an event of default ("Event
of Default") hereunder:

                  (a) any representation or warranty made by the Debtor in this
Agreement shall prove to be materially incorrect or misleading on the date as of
which made; or

                  (b) the Debtor or the Company shall breach any obligation or
covenant under this Agreement or the Debentures (including, but not limited to,
failure to pay the amounts due under the Debentures).

            7.2 Rights Upon Event of Default. Upon the occurrence and during the
continuance of an Event of Default, the Debtor shall be in default hereunder and
Secured Party shall have in any jurisdiction where enforcement is sought, in
addition to all other rights and remedies that Secured Party may have under this
Agreement or the Debentures and under applicable laws or in equity, all rights
and remedies or a secured party under the Uniform Commercial Code as enacted in
any such jurisdiction all of which may be exercised at the sole option and in
the sole discretion of Secured Party.

            7.3 Notice of Sale. Secured Party shall give the Debtor at least
five (5) days' written notice of sale of all or any part of the Pledged
Collateral. Any sale of the Pledged Collateral shall be held at such time or
times and at such place or places as Secured Party may determine. Secured Party
may bid (which bid may be, in whole or in part, in the form of cancellations of
obligations) for and purchase for the account of Secured Party the whole or any
part of the Pledged Collateral. Secured Party shall not be obligated to make any
sale of the Pledged Collateral if it shall determine not to do so regardless of
the fact that notice of sale of the Pledged Collateral may have been given.
Secured Party may, without notice or publication, adjourn the sale from time to
time by announcement at the time and place fixed for sale, and such sale may,
without further notice, be made at the time and place to which the same was so
adjourned.

                                       3
<PAGE>

      8. Miscellaneous.

            8.1 This Agreement and the terms, conditions, covenants and
agreements hereof are intended to and shall inure to the benefit of and extend
to and include the respective successors and assigns of Secured Party and shall
be binding upon the successors and assigns of the Debtor. The foregoing
notwithstanding, this Agreement may not be assigned by the Debtor, in fact or by
operation of law, without the prior written consent of Secured Party.

            8.2 This Agreement shall be deemed to be made under, and shall be
construed in accordance with, the laws of the State of California and any action
hereunder shall be brought in Orange County, California.

            8.3 The captions contained in this Agreement are for reference
purposes only and are not part of this Agreement.

            8.4 All notices, requests or instructions which are required or
permitted to be given pursuant to the terms of this Agreement shall be in
writing and shall be sufficient in all respects if given in writing and
delivered personally or by registered or certified mail, postage prepaid, as
follows:

                           If to Secured Party:

                                    11028 Ave Playa Veracruz
                                    San Diego, CA 92124

                           If to the Debtor:

                                    9444 Waples Street, Suite 290
                                    San Diego, CA  92121

Notice shall be deemed to have been given upon receipt thereof as to
communications which are personally delivered and two (2) days after deposit of
the same in any United States mail post office box in the state to which the
notice is addressed, or five (5) days after deposit of the same in any such post
office box other than in the state to which the notice is addressed, postage
prepaid, addressed as set forth above. The addresses and addressees for the
purposes of this Section 8.4 may be changed by giving written notice of such
change in the manner provided herein for giving notice.

            8.5 The Debtor covenants and agrees to prepare, execute,
acknowledge, file, record, publish and deliver to Secured Party such other
instruments, documents and statements, including without limitation instruments
and documents of assignment, transfer and conveyance, and take such other action
as may be reasonably necessary or convenient in the discretion of Secured Party
to effect the purposes of this Agreement.

            8.6 This Agreement may not be altered, amended, changed, waived,
terminated or modified in any manner unless the same shall be in writing and
signed by or on behalf of the party to be bound.

                                       4
<PAGE>

            8.7 Any provision of this Agreement which may be prohibited by law
or otherwise held invalid shall be ineffective only to the extent of such
prohibition or invalidity and shall not invalidate or otherwise render
ineffective the remaining provisions of this Agreement.

      9. Attorneys' Fees. In the event of any legal action or if it becomes
necessary for Secured Party to take any action to perfect Secured Party's
rights, including pursuant to a sale of the Pledged Collateral, Secured Party
shall be entitled to Secured Party's reasonable attorneys' fees and costs in
taking such action, whether or not suit is brought hereunder.

            IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed as of the day and year indicated above.

                                        "Debtor"

                                        Global Resource Corporation

                                        ----------------------------------------
                                        By:  Richard D. Mangiarelli, President

                                        "Secured Party"

                                        Transnix Global Corporation

                                        ----------------------------------------
                                        By:  Mitch Gruber, President

                                       5

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