Document:

SECURITY INTEREST AND PLEDGE AGREEMENT

      SECURITY INTEREST AND PLEDGE AGREEMENT ("Pledge Agreement"), dated as of
February 18, 2005, by and among the persons set forth on Schedule 1 (each a
"Secured Party" and collectively, the "Secured Parties"), IBIZ TECHNOLOGY CORP.,
a Florida corporation (the "Company" or the "debtor"), KENNETH W. SCHILLING (the
"Pledgor") and GRUSHKO & MITTMAN P.C. as agent for the Secured Parties (the
"Agent").

                                    RECITALS

      A. Reference is made to (i) that certain Subscription Agreement of even
date herewith (the "Subscription Agreement") to which the Company and the
Secured Parties are parties, and (ii) the Transaction Documents (as that term is
defined in the Subscription Agreement), including, without limitation, the
Notes. Capitalized terms not otherwise defined herein shall have the meanings
ascribed to them in the relevant Transaction Documents.

      B. The Debtor has certain obligations to the Secured Parties (all such
obligations, the "Obligations"). The below-referenced Obligations are personally
guaranteed by the Pledgor (each such guaranty, a "Guaranty").

      C. To secure the Obligations, the Pledgor has agreed to pledge certain
shares of Common Stock of the Company held by the Pledgor to the Secured Parties
as security for the performance of the Obligations.

      D. The Pledgor is a principal shareholder of the Debtor and have
determined that it is in the Pledgor's best interests to provide the Guaranty
pledge referred to herein.

      E. The Secured Parties are willing to enter into the Subscription
Agreement and the other Transaction Agreements only upon receiving Pledgor's
guarantee under the Guaranty and pledge of certain stock of the Company, as set
forth in this Pledge Agreement.

      NOW, THEREFORE, in consideration of the premises, the mutual covenants and
conditions contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

      1. Grant of Security Interest.

            (a) To secure the Obligations of Debtor, the Pledgor hereby pledge
to the Secured Parties, all of the shares of Common Stock set forth on the
attached Schedule 2 of this Agreement (the "Pledged Shares"). Unless otherwise
set forth on Schedule 2 of this Agreement, the Pledgor is the beneficial and
record owner of the Pledged Shares set forth opposite such Pledgor's name on
such Schedule. Such Pledged Shares, together with any substitutes therefor, or
proceeds thereof, are hereinafter referred to collectively as the "Collateral."

<PAGE>

            (b) The Company represents and warrants to the Secured Parties that
the Pledged Shares are duly authorized, validly issued, fully paid and
non-assessable and that it will not permit the transfer of the Pledged Shares
except in accordance with this Pledge Agreement while the same is in effect.

      2. Obligations Secured. The Collateral shall secure the following:

      (a)   The Debtor's Registration statement on Form SB-2 being declared
            effective by the Securities and Exchange Commission no later than 90
            days from closing.

      3. Perfection of Security Interests. Upon execution of this Pledge
Agreement by the Debtor and the Pledgor,

            (a) Pledgor undertakes to deliver and transfer possession of the
stock certificates identified opposite such Pledgor's name on Schedule 2 of this
Agreement (the "Pledged Certificates"), together with stock transfer powers duly
executed in blank by the registered owner of the shares represented by such
Certificates, with appropriate Medallion signature guaranty ("Stock Powers"), to
the Secured Parties to be held by the Agent, as agent for the Secured Parties.

            (b) The Collateral will be held by the Agent, to perfect the
security interest of the Secured Parties, until the earlier of

      (i) the termination of this Agreement, or

      (ii) foreclosure of Secured Party's security interests as provided herein.

            (c) The Debtor and the Pledgor, and each of them, hereby appoint
Grushko & Mittman, P.C., as attorney-in-fact with powers of substitution, to
execute all documents and perform all acts as Secured Party, may reasonably
request in order to perfect and maintain a valid security interest for Secured
Party in the Collateral.

      4. Pledgor's Warranty. Pledgor represents and warrants hereby to the
Secured Parties as follows with respect to the Pledged Shares set forth opposite
such Pledgor's name on Schedule 2 to this Agreement:

                                       2
<PAGE>

            A. With respect to title to the Transferred Shares

            (i) that upon transfer by Pledgor of such Pledgor's Certificates and
Stock Powers to Secured Parties pursuant to this Agreement at such time, if any,
as contemplated hereby, the purchaser of the Pledged Shares or the Secured
Party, as contemplated herein, as the case may be, will have good title (both
record and beneficial) to the relevant Pledged Shares;

            (ii) that there are no restrictions upon transfer and pledge of the
Pledged Shares pursuant to the provisions of this Agreement except the
restrictions imposed by Rule 144 under the Securities Act of 1933;

            (iii) that the Pledged Shares are free and clear of any encumbrances
of every nature whatsoever, such Pledgor is the sole owner of the Pledged
Shares, and such shares are duly authorized, validly issued, fully paid and
non-assessable,

            (iv) that such Pledgor has owned the Pledged Shares since the date
specified on Schedule 2 to this Agreement and that such shares were fully paid
for as of such specified date,

            (v) that such Pledgor agrees not to grant or create, any security
interest, claim, lien, pledge or other encumbrance with respect to such
Pledgor's Pledged Shares or attempt to sell, transfer or otherwise dispose of
any of such shares until the Obligations have been satisfied or this Agreement
has terminated;

            (vi) that such Pledgor shall refrain from selling, transferring,
registering, or otherwise disposing of any restricted securities of the Company
as may be then held by the Pledgor if any such actions by the Pledgor would
impair, impede or otherwise restrict the ability of the Secured Party to
register, transfer or dispose of the Pledged Shares held by the Secured Party as
Collateral; and

            B. With respect to certain other matters:

            (i) that such each Pledgor has made necessary inquiries of the
Company and believes that the Company fully intends to fulfill and has the
capability of fulfilling the Obligations to be performed by the Company in
accordance with the terms of the Transaction Agreements,

            (ii) that each Pledgor is not acting, and has not agreed to act, in
any plan to sell or dispose of the Pledged Shares in a manner intended to
circumvent the registration requirements of the Securities Act of 1933, as
amended, or any applicable state law,

            (iii) that the Company and each Pledgor have been advised by counsel
of the elements of a bona-fide pledge for purposes of Rule 144(d)(3)(iv) under
the Securities Act of 1933, as amended, including the relevant SEC
interpretations and affirms the pledge of shares by such Pledgor pursuant to
this Pledge Agreement will constitute a bona-fide pledge of such shares for
purposes of such Rule, and

                                       3
<PAGE>

            (iv) that this Pledge Agreement constitutes a legal, valid and
binding obligation of each Pledgor enforceable in accordance with its terms
(except as the enforcement thereof may be limited by bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium, and similar laws, now or
hereafter in effect).

      5. Preservation of the Value of the Collateral and Reimbursement of
Secured Party. Pledgor shall pay all taxes, charges, and assessments against the
Collateral and do all acts necessary to preserve and maintain the value thereof.
On failure of Pledgor so to do, Secured Party may make such payments on account
thereof as (in Secured Party's discretion) is deemed desirable, and Pledgor
shall reimburse Secured Party immediately on demand for any and all such
payments expended by Secured Party in enforcing, collecting, and exercising its
remedies hereunder.

      6. Default and Remedies.

      (a)   For purposes of this Agreement, "Event of Default" shall mean

            (i) The Debtor's Registration statement on Form SB-2 not being
declared effective by the Securities and Exchange Commission within 90 days from
closing.

      (b) During the term of this Pledge Agreement, the Secured Party shall have
the following rights after an Event of Default:

      (i) the rights and remedies provided by the Uniform Commercial Code as
      adopted by the State of New York (as said law may at any time be amended);

      (iii) the right to cause any or all of the Pledged Shares to be
      transferred to its own name and have such transfer recorded in any place
      or places deemed appropriate by Secured Party; and

      (iv) the right to sell the Collateral or any part thereof for cash, upon
      credit or for future delivery, and at such price or prices in accordance
      with the Uniform Commercial Code (as such law may be amended from time to
      time); it being understood that one or more of the Secured Parties may,
      but shall not be required to, take such actions jointly. Upon any such
      sale, Secured Party shall have the right to deliver, assign and transfer
      to the purchaser thereof the Collateral so sold. Secured Party shall give
      the Pledgors not less than five (5) days written notice of its intention
      to make any such sale. Any such sale shall be made in an open market
      transaction. Secured Party may adjourn or cancel any sale or cause the
      same to be adjourned from time to time by announcement at the time and
      place fixed for the sale, and such sale may be made at any time or place
      to which the same may be so adjourned. In case of any sale of all or any

                                       4
<PAGE>

      part of the Collateral upon terms calling for payments in the future, any
      Collateral so sold may be retained by Secured Party until the selling
      price is paid by the purchaser thereof, but Secured Party shall incur no
      liability in the case of the failure of such purchaser to take up and pay
      for the Collateral so sold and, in the case of such failure, such
      Collateral may again be sold upon like notice. Secured Party, however,
      instead of exercising the power of sale herein conferred upon it, may
      proceed by a suit or suits at law or in equity to foreclose the security
      interest and sell the Collateral, or any portion thereof, under a judgment
      or decree of a court or courts of competent jurisdiction, the Pledgor
      having been given due notice of all such action.

      7. Waiver. Each of the Debtor and the Pledgor waives any right that it may
have to require Secured Party to proceed against any other person, or proceed
against or exhaust any other security, or pursue any other remedy Secured Party
may have.

      8. Term of Agreement. This Pledge Agreement shall continue in full force
and effect until the earlier of the payment in full of the Notes or until the
date, within 90 days from the Closing, on which Registration Statement is
declared effective by the Securities and Exchange Commission. Upon either event,
the security interests in the relevant Collateral shall be deemed released, and
any portion of the Collateral not transferred to or sold by any one or more
Secured Parties shall be returned to the Pledgor (and for such purpose, delivery
to Darrin Ocasio, Esq., of Sichenzia Ross Friedman Ference LLP of New York, NY
shall deemed to comply with such return requirement). Upon termination of this
Pledge Agreement, the relevant Collateral shall be returned within five (5)
Trading Days to Debtor or to the Pledgor, as contemplated above.

      9. Provisions Affecting the Agent.

      (a) The Agent is acting as agent for the Secured Parties solely for the
administrative convenience of the Debtor, the Pledgor and the Secured Parties.

      (b) The Agent is authorized to execute and file any and all financing
statements desired to be filed by the Secured Parties to reflect the security
interest in the Collateral in any and all jurisdictions. For such purposes, each
of the Debtor and the Pledgor irrevocably appoints the Agent, with full power of
substitution to execute and file such financing statements naming the Debtor and
the Pledgor as debtors thereon.

      10. General Provisions:

      10.1 Binding Agreement; No Modification of Transaction Agreements. This
Pledge Agreement shall be binding upon and shall inure to the benefit of the
successors and assigns of the respective parties hereto. Except to the extent
specifically provided herein, nothing in this Pledge Agreement shall limit or
modify any provision of any of the Transaction Agreements

                                       5
<PAGE>

         10.2 Captions. The headings used in this Pledge Agreement are inserted
for reference purposes only and shall not be deemed to define, limit, extend,
describe, or affect in any way the meaning, scope or interpretation of any of
the terms or provisions of this Pledge Agreement or the intent hereof.

      10.3 Counterparts. This Pledge Agreement may be signed in any number of
counterparts with the same effect as if the signatures upon any counterpart were
upon the same instrument. All signed counterparts shall be deemed to be one
original. A facsimile transmission of this signed Pledge Agreement shall be
legal and binding on all parties hereto.

      10.4 Further Assurances. The parties hereto agree that, from time to time
upon the written request of any party hereto, they will execute and deliver such
further documents and do such other acts and things as such party may reasonably
request in order fully to effect the purposes of this Pledge Agreement.

      10.5 Waiver of Breach. Any waiver by either party of any breach of any
kind or character whatsoever by the other, whether such be direct or implied,
shall not be construed as a continuing waiver of or consent to any subsequent
breach of this Pledge Agreement.

      10.6 Cumulative Remedies. The rights and remedies of the parties hereto
shall be construed cumulatively, and none of such rights and remedies shall be
exclusive of, or in lieu or limitation of any other right, remedy, or priority
allowed by applicable law.

      10.7 Amendment. This Pledge Agreement may be modified only in a written
document that refers to this Pledge Agreement and is executed by Secured Party,
the Pledgor and the Debtor.

      10.8 Interpretation. This Pledge Agreement shall be interpreted,
construed, and enforced according to the substantive laws of the State of New
York.

      10.9 Governing Law. This Pledge Agreement shall be governed by and
construed in accordance with the laws of the State of New York. Each of the
parties consents to the jurisdiction of the federal courts whose districts
encompass any part of the County of New York or the state courts of the State of
New York sitting in the County of New York in connection with any dispute
arising under this Pledge Agreement and hereby waives, to the maximum extent
permitted by law, any objection, including any objection based on forum non
coveniens, to the bringing of any such proceeding in such jurisdictions.

      10.10 WAIVER OF JURY TRIAL. The parties to this Pledge Agreement hereby
waive a trial by jury in any action, proceeding or counterclaim brought by any
of them against any other in respect of any matter arising out or in connection
with this Pledge Agreement.

      10.11 Notice. Any notice or other communication required or permitted to
be given hereunder shall be effective upon receipt. Such notices may be sent (i)
in the United States mail, postage prepaid and certified, (ii) by express

                                       6
<PAGE>

courier with receipt, (iii) by facsimile transmission, with a copy subsequently
delivered as in (i) or (ii) above. Any such notice shall be addressed or
transmitted as follows:

         If to Pledgors, to:

         Kenneth  Schilling
         C/o IBIZ Technology Corp.
         2238 W. Lone Cactus Drive
         Phoenix, Arizona 85027

         Tel:  (623) 492 - 9200
         Fax:  (623) 492 - 9921

Any party may change its address by notice similarly given to the other parties
(except that a Secured Party need not give notice to other Secured Parties).

      10.12 Acknowledgement by Debtor and Pledgor. In the event that any
provision of the Transaction Agreements, the Guarantee or this Pledge Agreement
as applied to any party or circumstances shall be adjudged by a court to be
invalid or unenforceable, each of the Debtor or the Pledgor, as the case may be,
acknowledges and agrees that this Pledge Agreement shall remain valid and
enforceable in all respects against the Debtor and the Pledgor.

               [THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK.
              THE SIGNATURES OF THE PARTIES ARE ON THE NEXT PAGE.]

                                       7
<PAGE>

      IN WITNESS WHEREOF, the Parties have executed this Agreement as of the
day, month and year first above written.

SECURED PARTY:
PLATINUM PARTNERS VALUE ARBITRAGE FUND LP

By:_________________________________________

DEBTOR:
IBIZ TECHNOLOGY CORP.

By:__________________________________________
         Its: President

PLEDGOR:

------------------------------------------
Kenneth Schilling

AGENT:
GRUSHKO & MITTMAN, P.C.

By:_________________________________________

                                       8
<PAGE>

                                   SCHEDULE 1

         The Secured Parties are:

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
  Name                                                              Address
-----------------------------------------------------------------------------------------------------------------
<S>                                                               <C>
PLATINUM PARTNERS VALUE ARBITRAGE FUND LP                         152 West 57th Street, New York, New York
                                                                  10019, Fax: (212) 581-0002
-----------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------
</TABLE>

                                       9
<PAGE>

                                   SCHEDULE 2

      The following shares are pledged hereunder as the Pledged Shares, each
certificate in the name of:

<TABLE>
<CAPTION>
Holder's Name           Certificate No.             No. of Shares              Date of Acquisition
<S>                     <C>                         <C>                        <C>
Kenneth Schilling          4100                      41,208,447                 February 7, 2003

Kenneth Schilling          4493                      20,000,000                 January 7, 2004

Kenneth Schilling          4186                      40,000,000                 June 12, 2003

                                                              -----------

                                                     Total:   101,208,447 shares
</TABLE>

                                       10Exhibit 4.1

THIS DEBENTURE, AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE (COLLECTIVELY,
THE "SECURITIES"), HAVE NOT BEEN REGISTERED WITH THE UNITED STATES SECURITIES
EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THE SECURITIES
ARE BEING OFFERED PURSUANT TO A SAFE HARBOR FROM REGISTRATION UNDER REGULATION
S AND/OR REGULATION D PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMEMDED
(THE "ACT"). THE SECURITIES ARE "RESTRICTED" AND MAY NOT BE OFFERED OR SOLD IN
THE UNITED STATES OR TO U.S. PERSONS (AS SUCH TERM IS DEFINED IN REGULATION S
PROMULGATED UNDER THE ACT) UNLESS THE SECURITIES ARE REGISTERED UNDER THE ACT,
PURSUANT TO REGULATION S AND/OR REGULATION D OR PURSUANT TO AVAILABLE EXEMPTIONS
FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND THE COMPANY WILL BE PROVIDED
WITH OPINION OF COUNSEL OR OTHER SUCH INFORMATION AS IT MAY REASONABLY REQUIRE
TO CONFIRM THAT SUCH EXEMPTIONS ARE AVAILABLE. FURTHER HEDGING TRANSACTION
INVOLVING THE SECURITIES MAY NOT BE MADE EXCEPT IN COMPLIANCE WITH THE ACT.

                                    DEBENTURE

                           GLOBAL RESOURCE CORPORATION

                            8% CONVERTIBLE DEBENTURE

         $__________                                   DUE ______ __, 2005

         This Debenture is issued by GLOBAL RESOURCE CORPORATION, a Nevada
corporation (the "Company"), to __________________ (together with its permitted
successors and assigns, the "Holder") pursuant to exemptions from registration
under the Securities Act of 1933, as amended.

                                   ARTICLE I.

         Section 1.01 PRINCIPAL AND INTEREST. For value received on _________
__, 200__, the Company hereby promises to pay to the order of Holder in lawful
money of the United States of America and in immediately available funds the
principal sum of $__________, together with interest on the unpaid principal of
this Debenture at the rate of eight percent (8%) per year (computed on the basis
of the 365-day year and the actual days elapsed) from the date of this Debenture
until paid. At the Company's option, the entire principal amount and all accrued
interest shall be either (a) paid to the Holder on or before the due date of
this Debenture or (b) converted in accordance with Section 1.02 herein.

<PAGE>

         Section 1.02 OPTIONAL CONVERSION. The Holder is entitled, at its
option, to convert, at any time and from time to time, until payment in full of
this Debenture, all or any part of the principal amount of this Debenture, plus
accrued interest, into shares (the "Conversion Shares") of the Company's common
stock, par value $0.001 per share ("Common Stock"), at a price per share equal
to a 50% discount to the lowest closing bid on the day of conversion, or at the
lowest price allowable as set by Global Resource Corporation in an effective
registration statement or exemption notification as filed with the Commission.
To convert this debenture, the Holder shall deliver written notice (the
"Conversion Notice") thereof, such Conversion Notice containing such information
necessary including amount of conversion and number of shares, to the Company at
its address set forth herein. The date upon which the conversion shall be
effective (the "Conversion Date") shall be deemed to be the date set forth in
the Conversion Notice. The Conversion Shares shall be delivered to the Holder at
the address indicated herein.

         The Company is entitled, at its option, to convert, at any time and
from time to time, until payment in full of this Debenture, all or any part of
the principal amount of this Debenture, plus accrued interest, into shares (the
"Conversion Shares") of the Company's common stock, par value $0.001 per share
("Common Stock"), at a price per share equal to fifty percent (50%) of the
closing bid price of the Common Stock on the date that the Company issues such
notice of conversion. To convert this debenture, the Company shall deliver
written notice (the "Conversion Notice") thereof, such Conversion Notice
containing such information necessary including amount of conversion and number
of shares, to the Holder at its address set forth herein. The date upon which
the conversion shall be effective (the "Conversion Date") shall be deemed to be
the date set forth in the Conversion Notice. The Conversion Shares shall be
delivered to the Holder at the address indicated herein.

         Section 1.03 RESERVATION OF COMMON STOCK. The Company shall reserve and
keep available out of its authorized but unissued shares of Common Stock, solely
for the purpose of effecting the conversion of this Debenture, such number of
shares of Common Stock as shall from time to time be sufficient to effect such
conversion, based on the Conversion Price. If at any time the Company does not
have a sufficient number of Conversion Shares authorized and available, then the
Company shall call and hold a special meeting of its stockholders within sixty
(60) days of that time for the sole purpose of increasing the number of
authorized shares of Common Stock.

         Section 1.04 REGISTRATION RIGHTS. The Company is obligated to register
the resale of the Conversion Shares under the Securities Act of 1933, as
amended, or to provide an acceptable exemption to registration under Regulation
E of the 1933 Act.

         Section 1.05 INTEREST PAYMENTS. The interest so payable will be paid at
the time of maturity or conversion to the person in whose name this Debenture is
registered. At the time such interest is payable, the Company, in its sole
discretion, may elect to pay interest in cash or in the form of Common Stock. If
paid in Common Stock, the amount of stock to be issued shall be calculated in
accordance with the formula and procedure set forth in Section 1.02 above.

<PAGE>

         Section 1.06 RIGHT OF REDEMPTION. The Company shall have the right to
redeem, with thirty (30) business days advance notice to the Holder, any or all
outstanding Debentures remaining in its sole discretion ("Right of Redemption").
The redemption price shall be equal to 100% of the face amount of the Debenture
redeemed plus all accrued interest ("Redemption Price").

         Section 1.07 SUBORDINATED NATURE OF DEBENTURE. This Debenture and all
payments hereon, including principal or interest, shall be subordinated and
junior in right of payment to all accounts payable of the Company incurred in
the ordinary course of business and/or bank debt of the Company not to exceed
$60,000.

                                   ARTICLE II.

         Section 2.01 AMENDMENTS AND WAIVER OF DEFAULT. The Debenture may be
amended with the consent of Holder. Without the consent of Holder, the Debenture
may be amended to cure any ambiguity, defect or inconsistency, to provide
assumption of the Company obligations to the Holder or to make any change that
does not adversely affect the rights of the Holder.

                                  ARTICLE III.

         Section 3.01 EVENTS OF DEFAULT. An Event of Default is defined as
follows: (a) failure by the Company to pay amounts due hereunder within fifteen
(15) days of the date of maturity of this Debenture; (b) failure by the Company
for thirty (30) days after notice to it to comply with any of its other
agreements in the Debenture; (c) events of bankruptcy or insolvency; (d) a beach
by the Company of its obligations under the Registration Rights Agreement which
is not cured by the Company within ten (10) days after receipt of written notice
thereof. The Holder may not enforce the Debenture except as provided herein.

         Section 3.02 FAILURE TO ISSUE UNRESTRICTED COMMON STOCK. As indicated
above, a breach by the Company under its obligation under the Registration
Rights Agreement shall be deemed an Event of Default, which if not cured with
ten (10) days, shall entitle the Holder accelerated full payment of all
debentures outstanding. The Company acknowledges that failure to honor a Notice
of Conversion shall cause hardship to the Holder.

                                   ARTICLE IV.

         Section 4.01 NOTICE. Notices regarding this debenture shall send to the
parties at the following addresses, unless a party notifies the other parties,
in writing, of a change of address:

<PAGE>

If to the Company:                  GLOBAL RESOURCE CORPORATION
                                    9444 Waples, #290
                                    San Diego, CA 92121
                                    Attn: Richard Mangiarelli, President

If to the Holder:          __________________

         Section 4.02 GOVERNING LAW. This Debenture shall be deemed to be made
under and shall be construed in accordance with the laws of the State of
California without giving effect to the principals of conflict of the laws
thereof. Each of the parties consents to the jurisdiction of the U.S. District
Court sitting in the District of the State of California or the state courts of
the State of California sitting in Riverside, California in connection with any
dispute arising under this debenture and hereby waives, to the maximum extent
permitted by law, any objection, including the objection based on forum non
conveniens to the bringing of any such proceeding in such jurisdictions.

         Section 4.03 SEVERABILITY. The invalidity of any of the provisions of
this Debenture shall not invalidate or otherwise affect any of the other
provisions of this Debenture, which shall remain in full force effect.

         Section 4.04 ENTIRE AGREEMENT AND AMENDMENTS. This Debenture represents
the entire agreement between the parties hereto with respect to the subject
matter hereof and there are no representations, warranties or commitments,
except as set forth herein. This Debenture may be amended only by an instrument
in writing executed by the parties hereto.

         Section 4.05 COUNTERPARTS. This Debenture may be executed in multiple
counterparts, each of which shall be an original, but all of which shall be
deemed to constitute and instrument.

IN WITNESS WHEREOF, with the intent to legally bound hereby, the Company has
executed this Debenture as of the date first written above.

                           GLOBAL RESOURCE CORPORATION

                         By:____________________________________
                            Name: Richard Mangiarelli
                            Title: President and Chief Executive

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]