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EXHIBIT 10.6

                      PLAN AND AGREEMENT OF REORGANIZATION
                      ------------------------------------
                          UNDER I.R.C. SS.368(a)(1)(C)
                          ----------------------------

                           GLOBAL RESOURCE CORPORATION

                                       AND

                           CARBON RECOVERY CORPORATION

         THIS PLAN AND AGREEMENT OF REORGANIZATION, dated this 26th day of July,
2006, made by and between:

         GLOBAL RESOURCE CORPORATION,, a Nevada corporation having its principal
business office located at 219 Robwood Road, Baltimore MD 21222 (hereinafter
referred to as "Buyer");

                                       AND

         CARBON RECOVERY CORPORATION (hereinafter referred to as "Seller"), a
New Jersey corporation having its principal business office located at
Bloomfield Business Park, 408 Bloomfield Drive, Unit 3, West Berlin, New Jersey
08091 (hereinafter "Seller"):
WITNESSETH THAT:

         WHEREAS, Seller desires to transfer to Buyer at the Closing (as
hereinafter defined), and Buyer desires to acquire from Seller at the Closing,
substantially all of Seller's assets, as more fully described herein, upon and
subject to the terms and conditions contained in this Agreement; and

         WHEREAS, it is intended by the parties that the transaction qualify as
a tax-free reorganization within the meaning of Section 368(a)(1)(C) of the
Internal Revenue Code of 1986, as amended (the "Code") and that for accounting
purposes it is intended that the transaction be treated as a "purchase";

NOW, THEREFORE, intending to be legally bound, and in consideration of the
foregoing recitals and the mutual promises and covenants contained herein, and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Buyer and Seller hereby agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

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         Definitions. In addition to the terms defined elsewhere in this
Agreement, when used in this Agreement the following capitalized terms shall
have the meanings indicated:

         "Act of Bankruptcy" when used in reference to any Person, shall mean
the occurrence of any of the following with respect to such Person: (a) such
Person shall have made an assignment of all or substantially all of its assets
for the benefit of his or its creditors; (b) such Person shall have filed a
voluntary petition in bankruptcy; (c) such Person shall have been adjudicated
bankrupt or insolvent; (d) such Person shall have filed any petition or answer
seeking for himself or itself any reorganization, liquidation, dissolution or
similar relief, (e) such Person shall have sought or consented to, or acquiesced
in, the appointment of any trustee, receiver, or liquidator of such Person of
all or substantially all of the properties of such Person; or (f) sixty (60)
days shall have elapsed after the commencement of an action against such Person
seeking reorganization, arrangement liquidation, dissolution or similar relief
without such action having been dismissed.

         "Affiliate" when used in reference to any Person, shall mean any Person
that, directly or indirectly through one or more intermediaries, controls, is
controlled by or is under common control with the Person in question.

         "Applicable Law(s)" shall mean any applicable federal, state, local or
foreign law, ordinance, order, regulation, rule or requirement of any
governmental or quasi-governmental agency, instrumentality, board, commission,
bureau or other authority having jurisdiction.

         "Assets" shall mean (i) all right, title and interest of Seller in and
to the assets, real property, personal property, equipment, intellectual
property, software and other property of Seller set forth on Exhibit 1 attached
hereto, (ii) all transferable net operating losses, capitalized expenses and
research and development costs of Seller which may benefit the Buyer, and (iii)
cash and/or cash equivalents in an amount equal to all cash on hand/on deposit,
less only an amount not to exceed $10,000 to be used to pay liabilities unpaid
as of Closing and not being assumed by the Buyer..

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         "Material Adverse Effect" shall mean any material adverse change or any
development involving a prospective material adverse change in or affecting the
general affairs, business, prospects, management, financial position,
stockholders' equity or results of operations of a Person, taken as a whole.

         "Person" shall mean any individual, corporation, partnership, joint
venture, limited liability company, unincorporated association, trust or other
legal entity.

         "Tax Returns" shall mean all federal, state, local and foreign tax
returns and reports, including by way of illustration and not of limitation,
income tax returns, payroll tax returns, unemployment tax returns, sales and use
tax returns, wage tax returns, withholding tax returns and franchise tax
returns.

                                   ARTICLE II
        SALE AND TRANSFER OF ASSETS AND ASSUMPTION OF CERTAIN LIABILITES

         2.1 Transfer of Assets. Except as otherwise herein expressly set forth,
Seller hereby agrees that at the Closing provided for in Section 4.1 hereof (the
"Closing"), Seller shall sell, assign, transfer, convey and deliver to Buyer all
of Seller's right, title and interest in and to the Assets. Seller represents
that the Assets, as set forth on Exhibit 1, are substantially all of the assets
of Seller.

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         2.2 Excluded Assets. Seller and Buyer understand and agree that the
sale, assignment, transfer, conveyance and delivery specified in Section 2.1
hereof shall not include any assets, rights or property of Seller other than
those expressly included in the definition of Assets. Seller represents that any
assets not set forth on Exhibit 1 are immaterial and DI MINIMUS and that Buyer
is acquiring substantially all of the assets of Seller.

         2.3 Assumed Obligations. Buyer agrees that at the Closing, Buyer shall
assume only those specific contracts, agreements, leases, covenants, obligations
and liabilities on the list attached hereto as Exhibit 2 (collectively, the
"Assumed Liabilities") which liabilities shall include the issuance of Common
Stock Purchase Warrants. As of the Closing Date, Seller, as soon as reasonably
practicable thereafter, will terminate any and all of Seller's other
(non-assumed) contracts, leases, licenses and agreements and Seller, shall
remain liable for any and all of its liabilities or encumbrances not
specifically assumed by Buyer pursuant to this Section 2.3, including but not
limited to:

         (a) liens and encumbrances to which the Assets are subject, or would
have been subject to, immediately prior to Closing;

         (b) any liability or obligation relating to taxes of Seller, including
any interest or penalties related thereto;

         (c) any warranty or performance liability claims relating to the assets
which arose prior to the Closing; and

         (d) any liability or obligation of the Seller, absolute or contingent,
known or unknown not expressly agreed to be assumed pursuant to this Agreement.

                                   ARTICLE III
                                  CONSIDERATION

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         3.1 Assumption of Certain Liabilities, Stock Issuance and Common Stock
Purchase Warrants Issuance. In full and complete payment for the Assets, Buyer
agrees to (i) assume the Assumed Liabilities pursuant to Section 2.3 hereof,
which liabilities shall include the issuance of Common Stock Purchase Warrants,
(ii) issue to the Seller 50,000,000 post-split shares of Common Stock of the
Buyer, priced at $1.00 per post-split share, issued in the name of and paid to
Seller (the Common Stock is hereinafter referred to as the "Global Resource
Stock)", and (iii) issue to the Seller that number of Common Stock Purchase
Warrants, containing terms equivalent to those of Seller's Class "B", Class "D"
and Class "E" Common Stock Purchase Warrants, equal to the total number of
Seller's Classes "B", "D" and "E" Warrants issued and outstanding at Closing. It
is understood and agreed that to the extent that the "B", "D" and "E" warrants
are not exercised, within the provided exercise periods, by the registered
holders thereof, or their legal assignees, such warrants shall become null and
void and of no further effect.

         3.2 INVESTMENT REPRESENTATIONS. Seller acknowledges, agrees and
represents that:

         (a) It has been advised that none of the shares or Warrants of Buyer
being acquired hereunder have been registered under the Securities Act of 1933
(the "1933 Act").

         (b) All of the securities of Buyer being acquired hereunder are being,
and will be, acquired and held for investment, not for resale or distribution to
the public and not for the purpose of effecting or causing to be effected a
public offering of such securities and, further, that none of such securities
will be sold, transferred, assigned or disposed of except to a liquidating trust
for the benefit of Seller's shareholders and Class "B", "D" and "E"
Warrantholders, in accordance with the 1933 Act and the Rules and Regulations of
the Securities and Exchange Commission promulgated thereunder.

         (c) It has been advised and is aware of the fact, that by reason of the
foregoing investment representations and restrictions upon transfer: (i) the
shares of the Buyer's Common Stock and the Warrants must be held indefinitely
unless they are subsequently registered under the 1933 Act or an exemption from
such registration is available; (ii) if Rule 144 of the Rules and Regulations
promulgated by the SEC is applicable to any future routine sales of any such
securities, such sales can be made only in limited amounts in accordance with

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the terms and conditions of that Rule; (iii) in the case of securities to which
that Rule is not applicable, compliance with some applicable disclosure
exemption, if any be available, will be required; (iv) all of the certificates
for the shares of Buyer's Common Stock and the Warrant certificates will bear a
legend restricting transfer thereof; and (v) the Transfer Agent of Buyer's
Common Stock will be given "stop-transfer" instructions so as to prevent any
illegal transfer of such shares or warrants.

         (d) It has relied only and exclusively upon its own investigation into
Buyer and its financial condition for purposes of deciding to enter into and
close this Agreement and to accept shares of Buyer's Common Stock and warrants
in exchange for its Assets. It has not relied upon any oral or written
representation made by Buyer or any of its officers or directors or
representatives of Buyer and that no representation, or statements shall survive
the Closing with the sole exception of the representations and warranties
contained in this Agreement.

         (e) It has received the audited financial statements of the Buyer for
the periods ended March 31, 2005 and March 31, 2006, as well as the Buyer's
10-KSB for the fiscal year ended March 31, 2006 and has had full opportunity to
review and inspect all books and records of Buyer.

         3.3 Liquidation of Seller; Liquidating Trust. Seller acknowledges
awareness that (i) following the transfer of the Assets it is required by the
Code to dissolve and in connection therewith to distribute the Global Resource
Stock to its shareholders, (ii) the Global Resource Stock has not been
registered with the Securities and Exchange Commission and cannot be distributed
without either an effective registration statement or an eligible exemption from

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such registration, and (iii) it must use a liquidating trust to hold the shares
of Global Resource Stock for the benefit of its shareholders, pending the
ability to make a legal distribution thereof. Seller agrees to establish such a
liquidating trust for the benefit of its shareholders and its Class "B", "D" and
"E" Warrantholders and to transfer the shares and warrants to such trust pending
compliance by Buyer with Securities and Exchange Commission requirements for
their distribution.

         3.4 Piggy-back Registration Rights. If, during a period of twelve (12)
months following Closing, Buyer shall file a registration statement under the
Securities Act of 1933 with the Securities and Exchange Commission, it shall
give at least thirty (30) days prior notice of such filing to the trustees of
the liquidating trust. If the trustees so elect, and give written notice to
Buyer within five (5) business days after notice from Buyer, Buyer shall include
such shares of the Global Resource Stock (including those issuable upon the
exercise of warrants) in the registration statement as the trustees shall elect.

         3.5 Demand Registration Rights. Unless the shares have been registered
pursuant to Section 3.4 during the initial twelve month period, at any time
thereafter, the trustees of the liquidating trust may serve written demand on
Buyer that the shares held by the trust and the shares issuable upon exercise of
the warrants held by the trust be registered. Buyer shall, upon receipt of such
a demand, in good faith, and with all deliberate speed, effect the filing of a
registration statement for such shares and shall prosecute such registration
statement to effectiveness.

                                   ARTICLE IV
                        CLOSING AND CONDITIONS OF CLOSING

         4.1 Closing. The Closing shall occur upon the later of (i) the close of
business on August 31, 2006 or (ii) as soon thereafter as practicable following
the satisfaction or waiver of all of the Conditions to Closing set forth in
Section 4.2 of this Agreement (the "Closing Date").

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         4.2 Conditions to Closing. The obligations of Seller to sell the Assets
and Buyer to purchase the Assets are subject to the satisfaction of the
following conditions precedent at or prior to the Closing (unless waived in
writing by the Parties prior to Closing or by the act of Closing):

         (a) Reverse Stock Split. Seller shall have effectuated a 1 for 10
reverse stock split of its Common Stock and shall have only 72,150 shares of its
Common Stock issued and outstanding at Closing, prior to the issuance of the
Global Resource Stock.

         (b) Documents. Buyer shall have received each of the following items:

         (i) This Agreement, duly executed by Seller;

         (ii) Any amendment, consent or waiver from any Person necessary to
fully give binding effect to this Agreement, including but not limited to
consents to the assignment of contracts and leases, duly executed by Seller and
such Persons (the "Consents") (each party hereto acknowledges that this
condition is for the benefit of both Buyer and Seller;

         (iii) A Bill of Sale duly executed by Seller;

         (iv) Such certificates, documents of title and other instruments of
conveyance and transfer, if any, as shall be effective to vest in Buyer good and
marketable title in and to the Assets free and clear of all encumbrances; and

         (v) An Officer's Certificate, duly executed by an officer of Seller.

         (c) Documents. Seller shall have received each of the following items:

         (i) This Agreement, duly executed by Buyer; (

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         ii) An Assumption Agreement duly executed by Buyer;

         (iii) An Officer's Certificate duly executed by an officer of Buyer;

         (iv) The Global Resource Stock; and

         (v) A new valuation of the license.

         (d) Employees. Seller and Buyer understand and agree that Seller shall
terminate the employment of its employees, so that Buyer shall not be assuming
any liability with respect thereto. Before or promptly upon the execution of
this Agreement, Buyer may, at its option, offer employment to any of the
terminated employees and shall have sole responsibility for the negotiation of
employment agreements with such employees.

         (d) Approval. Seller shall have received the approval of both its board
of directors and its shareholders authorizing the consummation of the
transactions contemplated by this Agreement.

         (d) Material Adverse Effect. Prior to the Closing Date, neither party
shall have experienced a Material Adverse Effect relating to (i) the Assets or
(ii) the ability of Seller or Buyer to perform their respective obligations
under this Agreement.

         (e) Litigation. On the Closing Date, there shall be no lawsuits pending
against either party hereto seeking to enjoin, prohibit, restrain or otherwise
prevent the transaction contemplated by this Agreement.

         (f) Other Documents. The provision and/or execution of such other
documents relating to the transactions contemplated by this Agreement as Buyer
may reasonably request.

                                    ARTICLE V

                    REPRESENTATIONS AND WARRANTIES OF SELLER

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         Seller represents and warrants to Buyer as of the date hereof (which
representations and warranties shall survive the execution and delivery of this
Agreement and the transfer of the Assets), as set forth below:

         5.1 Qualification. Seller represents that it is duly qualified to
conduct business as it is currently being conducted and is in good standing as a
foreign corporation in all jurisdictions in which the nature of its business or
location of its owned and leased property and assets requires such
qualification, except where failure to be so qualified would not have a Material
Adverse Effect.

         5.2 Litigation. There are no outstanding orders, judgments, writs,
injunctions. or decrees of any court, Government Authority or arbitration or
mediation panel or tribunal against or affecting the Assets.

         5.3 Non-Contravention. Seller is not in breach of, default under, or in
violation of any Applicable Law, decree or order that may cause a Material
Adverse Effect relating to the Assets and Seller is not in breach of, default
under, or in violation of any deed, lease, loan agreement, commitment, bond,
note, deed of trust, restrictive covenant, license, indenture, contract or other
agreement, instrument or obligation to which it is a party or by which it is
bound or to which any of its respective assets is subject that may cause a
Material Adverse Effect on the Assets.

         5.4 Title. Seller has good, complete, indefeasible and marketable title
to, and ownership of, all of the Assets, free and clear of all liens, defects,
claims, security interests and encumbrances.

         5.5 Taxes. Seller has filed all Tax Returns that are required to be
filed and has duly paid or fully reserved for all taxes or installments thereof
(including any interest or penalties) as and when due or which have or may
become due pursuant to said returns or pursuant to any assessment received by
Seller.

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         5.6 Subsidiaries. Seller has no subsidiaries, affiliates, partnerships
nor any other commonly controlled or related entities.

         5.7 Intellectual Property. Seller owns, or possesses adequate rights to
use, all intellectual property (including but not limited to any patents,
trademarks, and copyrights) necessary for the conduct of its business and
neither Seller nor any of its officers have received any notice of conflict
with, or infringement of, the asserted rights of others with respect to any such
intellectual property, and neither Seller nor any of its officers knows of any
reasonable basis therefor.

         5.8 Legal Compliance. To its knowledge, Seller: (i) is not in violation
of any Applicable Law that would apply to it or to its business, the violation
of which would cause a Material Adverse Effect on the Assets; (ii) is not in
violation of any applicable environmental, securities or employee benefits law,
which violation would cause a Material Adverse Effect on the Assets; and (iii)
neither Seller nor, to the knowledge of Seller, any of Seller's agents,
contractors or employees has been notified of any action, suit, proceeding or
investigation which calls into question compliance by Seller.

         5.9 Licenses. Simultaneously with the Closing, Seller shall have
acquired good title or all necessary rights to all of the licenses, permits,
approval and authorizations needed to transfer the Assets to Seller in
compliance with all Applicable Laws.

         5.10 Undisclosed Liabilities. The Seller does not have any liabilities
(whether known or unknown, whether absolute or contingent whether liquidated or
unliquidated and whether due or to become due), except for (a) liabilities that
will be accrued for or reserved against in the March 31, 2006 balance sheet, and
(b) contractual or statutory liabilities incurred in the ordinary course of
business which are not required to be reflected on a balance sheet. There are no
outstanding loans due or deferred compensation from Seller to any employee of
Seller.

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         5.11 Assets. The Assets are in good operating condition (subject to
normal wear and tear) and are suitable for the purposes for which they are used
in Seller's business.

                                   ARTICLE VI
                     REPRESENTATIONS AND WARRANTIES OF BUYER

         Buyer represents and .warrants to Seller as of the date hereof (which
representations and warranties shall survive the execution and delivery of this
Agreement and the transfer of the Assets) as set forth below:

         6.1 Qualification. Buyer represents that it is duly qualified to
conduct business as it is currently being conducted and is in good standing as a
foreign corporation in all jurisdictions in which the nature of its business or
location of its owned and leased property and assets requires such qualification
except where failure to be so qualified would not have a Material Adverse
Effect.

         6.2 Litigation. There are no outstanding orders, judgments, writs,
injunctions or decrees of any court, Government Authority or arbitration or
mediation panel or tribunal against or involving Buyer likely to have a Material
Adverse Effect.

         6.3 Non-Contravention. Buyer is not in breach of, default under, or in
violation of any Applicable Law, decree or order that may cause a Material
Adverse Effect, and Buyer is not in breach of, default under, or in violation of
any deed, lease, loan agreement, commitment, bond, note, deed of trust,
restrictive covenant, license, indenture, contract or other agreement,
instrument or obligation to which it is a party or by which it is bound or to
which any of its respective assets is subject that may cause a Material Adverse
Effect.

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         6.4 Taxes. Buyer has filed all Tax Returns that are required to be
filed and has duly paid or fully reserved for all taxes or installments thereof
(including any interest or penalties) as and when due or which have or may
become due pursuant to said returns or pursuant to any assessment received by
Buyer.

         6.5 Legal Compliance. To its knowledge, (i) Buyer is not in violation
of any Applicable Law that would apply to it or to its business, the violation
of which would cause a Material Adverse Effect, (ii) Buyer is not in violation
of any applicable environmental, securities or employee benefits law, which
violation would cause a Material Adverse Effect, and (iii) neither Buyer nor, to
the knowledge of Buyer, any of Buyer's agents, contractors or employees has been
notified of any action, suit, proceeding or investigation which calls into
question compliance by Buyer.

         6.6 Shares and Corporate Documents. All of the Global Resource Stock to
be issued hereunder have been duly authorized and when issued will be valid and
legally issued shares of the Common Stock, fully paid and nonassessable, free
and clear of all liens or encumbrances, and not in violation of any preemptive
or similar rights or any securities laws. Prior to the Effective Date, Buyer has
delivered to Seller a true, correct, and complete copy of the current
certificate of incorporation and bylaws of Buyer.

         6.7 Undisclosed Liabilities. The Buyer does not have any liabilities
(whether known or unknown, whether absolute or contingent whether liquidated or
unliquidated and whether due or to become due), except for (a) liabilities that
will be accrued for or reserved against in the March 31, 2006 balance sheet, and
(b) contractual or statutory liabilities incurred in the ordinary course of
business which are not required to be reflected on a balance sheet. Buyer's

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balance sheet and the related income statement were prepared in accordance with
generally accepted accounting principals and fairly present the assets,
liabilities, financial condition and results of operations of Buyer as of the
date indicated and for the period referred to therein. Except as disclosed in
writing to Buyer, there have been no events, changes or effects with respect to
Buyer or its subsidiaries that, individually or in the aggregate, have had or
reasonably would be expected to have had a Material Adverse Effect.

                                  ARTICLE VIII
                      MUTUAL REPRESENTATIONS AND WARRANTIES

         Each party hereto represents and warrants to the other party as of the
date hereof (which representations and warranties shall survive the execution
and delivery of this Agreement and the transfer of the Assets) as set forth
below:

         7.1  Organization; Good-Standing.

         (a) Seller is a corporation duly formed, validly organized and in good
standing in the State of New Jersey.

         (b) Buyer is a corporation duly formed, validly organized and in good
standing, in the State of Nevada.

         7.2 No Untrue Statements or Material Omissions. Each party hereto
represents to the. other party hereto, on its own respective behalf, that no
statement in writing furnished by such party to the other party in connection
with the transactions contemplated herein contains any untrue statement of
material fact or omits to state a material fact necessary to make the statement
not misleading in any material respects.

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         7.3 No Default. Each party hereto represents to the other party, on its
own respective behalf, that neither the execution and delivery of this Agreement
nor the performance by such party of its respective obligations hereunder will
cause any such breach, default or violation or will require the consent or
approval of any court or governmental authority, except as expressly
contemplated by the terms of this Agreement.

         7.4 Power and Authority. Each party hereto represents to the other
party, on its own respective behalf, that (i) it has full power and authority to
enter into this Agreement any other related documents, to incur the obligations
as contemplated hereby, and to carry out the provisions of this Agreement; and
(ii) it has taken all action necessary for the execution and delivery of this
Agreement and each of the other related documents and for the performance of
each of its obligations hereunder, and thereunder, as evidenced by corporate
resolution(s) or other authorization.

         7.5 Enforceability. Upon execution and delivery by each of the parties
hereto, this Agreement and any other related document shall be the legal, valid
and binding obligations of each party and shall be enforceable against each
party in accordance with their respective terms.

                                  ARTICLE VIII
                            TERMINATION OF AGREEMENT

         This Agreement may be terminated at any time prior to the Closing:

         (a) By written agreement of Buyer and Seller.

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         (b) By Buyer, upon ten (10) days' prior written notice to Seller if (i)
there has been a material violation or breach by Seller of any of the
agreements, representations or warranties contained in this Agreement, or (ii)
if any of the conditions set forth in Section 4.2 have not been materially
satisfied by the Closing, and either (i) or (ii) have not been waived in writing
by Buyer or cured within such ten-day period; or (iii) if, in the opinion of the
Buyer, information obtained by it during due diligence on Seller subsequent to
this Agreement discloses any matter which Buyer believes warrants termination.

         (c) By Seller, upon ten (10) days' prior written notice to Buyer if (i)
there has been a material violation or breach by Buyer of any of the agreements,
representations or warranties contained in this Agreement, or (ii) if any of the
conditions set forth in Section 4.2 have not been materially satisfied by the
Closing, and either (i) or (ii) have not been waived in writing by Seller or
cured within such ten-day period, or (iii) if, in the opinion of the Seller,
information obtained by it during due diligence on Buyer subsequent to this
Agreement discloses any matter which Seller believes warrants termination.

         (d) By either party hereto if the transactions contemplated by this
Agreement shall not have been consummated on or before 12:00 p.m September 30,
2006.

         (e) By either party hereto if the other makes an assignment for the
benefit of creditors, files a voluntary petition in bankruptcy or seeks or
consents to any reorganization or similar relief under any present or future
bankruptcy act or similar law, or is adjudicated a bankrupt or insolvent, or if
a third party commences any bankruptcy, insolvency, reorganization or similar
proceeding involving, the other.

                                   ARTICLE IX
                                  MISCELLANEOUS

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         9.1 Non-Waiver. No course of dealing between the parties or any failure
or delay on the part of either party in exercising any rights or remedies
hereunder shall operate as a waiver of any rights or remedies of either party
under this or any other applicable instrument. No single or partial exercise of
any rights or remedies hereunder shall operate as a waiver or preclude the
exercise of any other rights or remedies hereunder.

         9.2  Indemnification.

         (a) Seller. Seller hereby agrees to defend, indemnify and hold harmless
Buyer against any and all actions, suits, proceedings, claims, demands,
judgments, costs and expenses directly related to or arising from (i) the breach
of a representation or warranty by Seller herein or the documents delivered at
Closing or (ii) any liabilities of Seller not assumed by Buyer at Closing.

         (b) Buyer. Buyer hereby agrees to defend, indemnify and hold harmless
Seller against any and all actions, suits, proceedings, claims, demands,
judgments, costs and expenses directly related to or arising from (i) the breach
of a representation or warranty by Seller herein or the documents delivered at
Closing or (ii) any of the Assumed Liabilities.

         (c) Procedure. The indemnified party shall promptly notify the
indemnifying, party in writing of any claim, demand, action or proceeding for
which indemnification will be sought under Sections 9.2(a) or 9.2(b), and, if
such claim, demand, action or proceeding is a third party claim, demand, action
or proceeding, the indemnifying party will have the right at its expense to
assume the defense thereof using counsel reasonably acceptable to the
indemnified party. The indemnified party shall have the right to participate, at
its own expense, with respect to any such third party claim, demand, action or
proceeding. In connection with any such third party claim, demand, action or
proceeding, Buyer and Seller shall cooperate with each other and provide each
other with access to relevant books and records in their possession related to
such claim. No such third party claim, demand, action or proceeding shall be

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settled without the prior written consent of the indemnified party, which
consent shall not be unreasonably withheld. If a firm written offer is made to
settle any such third party claim, demand, action or proceeding, which offer
does not involve any injunctive or non-monetary relief against the indemnified
party, and the indemnifying party proposes to accept such settlement and the
indemnified party refuses to consent to such settlement, then: (i) the
indemnifying party shall be excused from, and the indemnified party shall be
solely responsible for, all further defense of such third party claim, demand,
action or proceeding and (ii) the maximum liability of the indemnifying party
relating to such third party claim, demand, action or proceeding shall be the
amount of the proposed settlement if the amount thereafter recovered from the
indemnified party on such third party claim, demand, action or proceeding is
greater than the amount of the proposed settlement. In the event that Buyer or
Seller shall fail to make such commercially reasonable efforts to mitigate or
resolve any claim or liability, then notwithstanding, anything else to the
contrary herein, the other party shall not be required to indemnify any person
for any Losses that could reasonably be expected to have been avoided if Buyer
or Seller, as the case may be, had made such efforts.

         9.3 Notices. All notices or communications under this Agreement shall
be to the following addresses (or to such other address as shall at any time be
designated by any party in writing to the other parties):

         To Buyer:         Global Resource Corporation
                           219 Robwood Road
                           Baltimore MD 21222

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         To Seller:        Carbon Recovery Corporation
                           Bloomfield Business Park
                           408 Bloomfield Drive, Unit 1
                           West Berlin, New Jersey 08091
         With a copy to:   Richard C. Fox, Esq.
                           P.O. Box 1097
                           Pecos, NM 97552

Notice shall be deemed given three days after deposit in the U.S. mail, postage
prepaid, or one day after deposit with a nationally recognized overnight
delivery service. Rejection or other refusal to accept, or the inability to
deliver because of a changed address of which no notice was given, shall not
affect the effectiveness or the date of delivery for any notice sent in
accordance with the foregoing provisions.

         9.4 Binding Agreement; Survival. This Agreement shall inure to the
benefit of, and be binding upon, Seller and Buyer, and their respective
legatees, distributees, estates, executors, administrators, personal
representatives, successors and assigns, and other legal representatives. All
representations, warranties, covenants and agreements by the parties contained
in this Agreement shall survive the Closing for a period of one (1) year from
the Closing Date.

         9.5 Entire Agreement; Integration Clause. This Agreement and the
Exhibits hereto set forth the entire agreement and understanding of the parties
hereto with respect to this transaction, and any prior agreements are hereby
merged herein and terminated.

         9.6 Brokers' or Finders' Fees. No agent, broker, person, or firm acting
on behalf of either party or any of their subsidiaries or under the authority of
any of them is or will be entitled to any commission or broker's or finder's fee
or financial advisory fee in connection with any of the transactions
contemplated herein.

                                 Page 19 of 21

<page>

         9.7 No Oral Modification or Waivers. The terms herein may not be
modified or waived orally, but only by an instrument in writing signed by the
party against which enforcement of the modification or waiver (as the case may
be) is sought.

         9.8 Controlling Law; Venue. This Agreement and each of the other
documents ancillary hereto shall be governed by, and interpreted and construed
in accordance with, the internal laws of the State of New Jersey (without regard
to its conflicts of law principles). Venue for the adjudication of any claim or
dispute arising out of this Agreement or any of the other ancillary documents
shall be proper only in the state or federal courts of the State of New Jersey,
and all parties to this Agreement and its ancillary documents hereby consent to
such venue.

         9.9 Headings. The headings of this Agreement and each of the other
documents ancillary hereto are inserted for convenience only and shall not be
deemed to constitute a part of this Agreement or such ancillary documents.

         9.10 Severabilitv. To the extent any provision herein violates any
applicable law, that provision shall be considered void and the balance of this
Agreement shall remain unchanged and in full force and effect.

         9.11 Public Disclosure. Seller acknowledges that Buyer is a reporting
company under the Securities Exchange Act of 1934 and must disclose this
Agreement and the terms and conditions hereof. Accordingly, Seller authorizes
Buyer to issue such press release and file such periodic report as may be
required.

         9.12 Counterparts. This Agreement may be executed in as many
counterpart copies as may be required. All counterparts shall collectively
constitute a single agreement.

                                 Page 20 of 21

<page>

         9.14 Third Party Beneficiary. This Agreement shall not confer any
rights or remedies upon any person other than the parties and their respective
successors and permitted assigns.

         9.15 Expenses. Each party shall be responsible for its own costs and
expenses (including legal, financial advisory, investment banking and accounting
fees and expenses) incurred in connection with this Agreement and the
transactions contemplated hereby.

         9.16 Tax Treatment Buyer and Seller hereby agree and covenant that they
shall not (before or after the Closing Date and individually or collectively)
take any action and shall not (before or after the Closing) fail to take any
action which action or failure to act would prevent, or would be reasonably
likely to prevent, the transactions contemplated hereby from qualifying as a
reorganization within the meaning of Section 368(a)(l)(C) of the Code.

         9.17 Dissolution. Buyer and Seller hereby agree that from and after the
Closing Date, Seller will not engage in any new business, will promptly
liquidate and dissolve as a corporation, and will distribute the Global Resource
Stock to a liquidating trust for the benefit of Sellers' shareholders, pending
compliance by Buyer with Securities and Exchange Commission rules and
regulations pertaining to a distribution of such shares.

         In Witness Whereof, the undersigned have executed and delivered this
Plan and Agreement of Reorganization as of the day and year first above written.

                                        GLOBAL RESOURCE CORPORATION

                                        By:

                                        CARBON RECOVERY CORPORATION

                                        By:

                                 Page 21 of 21<PAGE>
EXHIBIT 10.6.1

                          CARBON RECOVERY CORPORATION
                          LIQUIDATING TRUST AGREEMENT
                          ---------------------------

THIS LIQUIDATING TRUST, made this 22nd day of September, 2006, by and between:

      CARBON RECOVERY CORPORATION, a New Jersey corporation having its principal
office located at Bloomfield Business Park, 408 Bloomfield Drive, Unit 3, West
Berlin, New Jersey 08091, hereinafter referred to as CRC;

                                      AND
                                      ---

      OLDE MONMOUTH STOCK TRANSFER CO., INC., a New Jersey corporation and a
licensed stock transfer agent with principal offices located at 200 Memorial
Parkway, Atlantic Highlands, New Jersey 07716 (hereinafter referred to as
"Trustee");

WITNESSETH THAT:

      WHEREAS, the Board of Directors of CRC approved a Plan and Agreement of
Reorganization with Global Resource Corporation, whereby Global Resource
Corporation will acquire, pursuant to Section 368(a)(1)(C) of the internal
Revenue Code, substantially all of the assets of CRC, following which, as
required by the Internal Revenue Code, CRC shall liquidate and dissolve;

      WHEREAS, Global Resource Corporation will issue shares of its Common Stock
to CRC for the acquisition of the assets and such shares are being issued in a
private offering and the shares have not been, and prior to Closing will not be,
registered pursuant to the Securities Act of 1933 and accordingly cannot be
distributed to the shareholders of CRC in the absence of such registration.

      WHEREAS, the Plan contemplated the establishment of a Liquidating Trust
for the purpose of receiving and holding such shares pending their registration
with the Securities and Exchange Commission, thereby meeting the requirements of
the Internal Revenue Code for liquidation and dissolution; and

      WHEREAS, the parties desire to enter into a written agreement, setting
forth the terms and conditions for management of the trust estate for the
purposes of accomplishing a liquidation, as set forth below;

      NOW THEREFORE, intending to be legally bound, and in consideration of the
premises, and other good and valuable consideration, the receipt and
sufficiencies of which are hereby acknowledged, the parties hereby agree as
follows:

                       ARTICLE ONE. NAME AND DEFINITIONS
                       ---------------------------------

      1.01 NAME. The name of the liquidating trust created hereby shall be
"Carbon Recovery Corporation LIquidating Trust". As far as practicable and
except as otherwise provided herein, the Trustee shall conduct the activities of
the Trust, execute all documents and sue or be sued in the name of the Trust or
in its own name as Trustee of the Trust.

      1.02 DEFINITIONS. As used in this Agreement, unless the context otherwise
requires, the following terms shall have the respective meanings indicated:

            1. "Person" shall mean an individual, a corporation, a partnership,
an association, a joint stock company, a trust, a joint venture, any
unincorporated organization, or a government or political subdivision thereof.

<PAGE>

            2. "Stockholder" shall mean the holders of record of the shares of
the Common Stock of CRC on the date of Closing.

            3. "Trust" shall mean the trust created by this Trust Agreement.

            4. "Trust Agreement" shall mean this Agreement, as originally
executed, or as amended from time to time in the manner provided in Article
Eight.

            5. "Trustee" shall mean the trustee who is originally named as the
Trustee (i.e., Olde Monmouth Stock Transfer Co., Inc.) and any successor
trustee.

            6. "Trust Estate" shall mean the aggregate of the shares of Common
Stock of Global Resource Corporation and all other assets, properties, claims
and rights transferred, assigned, and conveyed unto the Trustee in accordance
with Section 3.01, together with all property rights and agreements, and other
rights, benefits, or privileges, appertaining to appurtenant thereto and all
rents, royalties, income, proceeds, borrowings, and other receipts of any nature
of, or from, such assets, properties, claims and rights.

            7. "Holders" shall mean the holders of record of beneficial
interests in the Trust.

            8. "Units" shall mean the units of beneficial interest in the Trust
as set forth in Article Six.

                        ARTICLE TWO. NATURE OF THE TRUST
                        --------------------------------

      2.01 NATURE OF THE TRUST. The Trust exists solely for the purpose of
liquidating the Trust Estate and distributing the proceeds of liquidation to the
Holders. In connection with such purposes, it is intended that the Trust may
serve as a temporary vehicle for the maintenance and operation of the Trust
Estate, with a view to its liquidation and not the conduct of a continuing
business. The Trust is not intended to be, shall not be deemed to be, and shall
not be treated as, a general partnership, limited partnership, joint venture,
corporation, joint stock company or association, nor shall the Trustee, or
Holders, or any of them. for any purpose be, or be deemed to be, or be treated
in any way whatsoever to be, liable or responsible hereunder as partners or
joint venturers. The relationship of the Holders to the Trustee shall be solely
that of beneficiaries of the Trust, and their rights shall be limited to those
conferred upon them by this Trust Agreement. In no event shall any part of the
Trust Estate revert or be distributed to CRC or to any stockholder of CRC, as
such, other than Holders entitled thereto under the terms of this Trust
Agreement. Unclaimed portions of the Trust Estate shall be subject to
disposition in accordance with applicable law of the State or New Jersey. The
Trustee shall take only such action as it may deem necessary or advisable to
preserve the Trust Estate pending distribution, sale or other disposition, and
in no event shall the Trustee otherwise have power or authority to enter into
any business with respect to the Trust Estate. However, nothing herein shall be
deemed to abridge the powers of the Trustee as set forth in Article Four hereof,
all of which powers (without limitations) are considered necessary to the
ability of the Trustee to carry out the purpose of the Trust.

                      ARTICLE THREE. TRANSFER TO TRUSTEES
                      -----------------------------------

      3.01 CONVEYANCE. On the date hereof, CRC has conveyed and transferred to
the Trustee, and the Trustee has accepted, to be held for the benefit of the
Holders, all of the beneficial right and interest of CRC in the shares of Common
Stock of Global Resource Corporation and all of the other assets, properties,
claims and rights of CRC. The foregoing conveyance is subject, however, to all
of the liabilities, debts, and obligations,

<PAGE>

whether absolute or contingent, known or unknown, incurred by, or with respect
to the assets or operations of, CRC. The Trustee will hold the aforesaid assets
and properties, together with all rights, benefits, covenants and agreements
appertaining or pertinent thereto upon and subject to the terms and provisions
of the Trust Agreement.

      3.02 UNKNOWN PROPERTY AND LIABILITIES. The Trustee shall be responsible
for only the property delivered to it or registered in its name and shall have
no duty to make, nor incur any liability for failing to make, any search for
unknown property. The Trustee shall be responsible for only those liabilities of
which it is informed, and shall have no duty to make, nor incur any liability
for failing to make, any search for unknown liabilities. Trustee has been
informed that there are no liabilities.

      3.03 FURTHER ASSURANCES. CRC shall, upon reasonable request of the
Trustee, execute, acknowledge and deliver such further instruments, deeds,
documents, assignments and assurances of law, and do such further acts as may be
reasonably necessary, proper, or desirable, to effectively carry out the
purposes of this Trust Agreement, to transfer any property intended to be
conveyed hereunder, and to vest in the Trustee or its successor or successors,
the property, instruments, or funds in trust hereunder. If the Trustee shall at
any time deem that any further instruments, deeds documents, assignments or
assurances of law or any of other acts are necessary, proper or desirable to
vest, perfect or confirm of record or otherwise the title to any property or to
enforce any claims of CRC, to transfer any property intended to be conveyed
hereunder and to effectively carry out the purposes of this Trust Agreement, the
Trustee at that time is hereby specifically authorized as attorney-in-fact for
CRC (this appointment being irrevocable and one coupled with an interest) to
execute and deliver any and all such proper deeds, assignments and assurances of
law and to do all other acts and on behalf of CRC or otherwise, as such Trustee
shall deem necessary, proper, or appropriate.

      3.04 TRANSFEREE LIABILITY. In the event that any liability is asserted
against the Trustee as recipient of the property transferred to the Trustee
hereunder, on account of any claimed liability of or through CRC, the Trustee
may use such part of the Trust Estate as may be reasonable for contesting any
such liability and in payment thereof, including reasonable attorney's fees
incurred in connection therewith.

      3.5 LIMITATION OF LIABILITY. No personal liability will attach to the
Trustee or the Holders with respect to any obligations to CRC arising under this
Trust Agreement or from the performance of the activities contemplated hereby,
including, without limitation, acceptance of the transferred assets and
assumption of the liabilities existing with respect to such assets. Such
obligations shall be satisfied only out of the Trust Estate.

                      ARTICLE FOUR. POWERS OF THE TRUSTEES
                      ------------------------------------

      4.01 POWER AND AUTHORITY OF TRUSTEES. The Trustee, subject only to the
specific limitations contained in this Trust Agreement, shall have, without
further or other authorization and free from any power or control on the part of
the Holders, full absolute and exclusive power, control and authority over the
Trust Estate and over the affairs of the Trust to the extent as if the Trustee
was the sole owner thereof in its own right, and to do all such acts and things
as in its sole judgment and discretion are necessary or do all such acts and
things as in its sole judgment and discretion are necessary or incidental to,
or desirable for, the carrying out of any of the purposes of the Trust. Any
determination made in good faith by the Trustee of the purposes of the Trust or
the existence of any power or authority thereunder shall be conclusive. In
construing the provisions of this Trust Agreement, presumption shall be in favor
of the grant of powers and authority to the Trustee. The enumeration of any
specific power or authority herein shall not be construed as limiting the
general powers or authority or any other specified

<PAGE>

power conferred herein upon the Trustee. The Trustee shall not at any time on
behalf of the Trust, the Trust Estate, or the Holders enter into or engage in
any business.

      4.02 SPECIFIC POWERS AND AUTHORITIES. Subject only to the express
limitations contained in this Trust Agreement and in addition to any powers and
authorities conferred by this Trust Agreement or which the Trustee may have by
virtue of any present or future statute or rule of law, the Trustee without any
action or consent by the Holders may exercise at any time and from time to time
the following powers and authorities which may or may not be exercised by it in
its sole judgment and discretion and in such manner and upon such terms and
conditions as it may from time to time deem proper for the sole purpose of
liquidating the Trust Estate and distribution of the proceeds of liquidation to
the Holders, and not for the operation of a business:

            (1) To collect, liquidate or otherwise convert into cash, or such
other property as they deem appropriate, all property, assets and rights in the
Trust Estate, and to pay, discharge and satisfy all liabilities, expenses,
obligations and claims existing with respect to the Trust Estate, the Trust or
the Trustee.

            (2) To do or perform any acts or things reasonable or appropriate
for the continued operation and the conservation, protection and orderly
administration of the Trust Estate.

            (3) To provide for the registration of the Units under the Federal
Securities laws and such registration or qualification under State Securities or
Blue Sky laws as it deems advisable, if required by law.

            (4) To create reserve funds for any purpose, including, without
limitation, reserves to protect against contingent or unknown liabilities which
might exist with respect to the Trust Estate, the Trust, the Trustee or the
prior operations or activities of CRC.

            (5) To incur and pay out of the Trust Estate any charges or
expenses, and disburse any funds of the Trust, which charges, expenses or
disbursements are, in the opinion of the Trustee, necessary or incidental to or
desirable for the carrying out of any of the purposes of the Trust, including,
without limitation, taxes and other governmental levies, charges and assessments
of whatever kind or nature, imposed upon or against the Trustee in connection
with the Trust or the Trust Estate or upon or against the Trust Estate or any
part thereof.

            (6) To invest and re-invest funds of the Trust in demand and time
deposits in banks or savings institutions, short-term certificates of deposit,
or U.S. Treasury Bills subject to the requirements that the maturity date of
such investments shall be such as to permit the Trustee to pay all debts as they
become due and payable and to pay the Holders at least annually all sums in
excess of reserves for claims and contingent liabilities.

            (7) To appoint, engage and employ any persons as agents,
representatives, employees or independent contractors to act as investment
advisors, attorneys, or accountants for or to the Trust and the Trust Estate and
to pay compensation from the Trust Estate for such services.

            (8) To collect, sue for, and receive all sums of money coming due to
the Trust, and to engage in, intervene in, prosecute, join, defend, compound,
compromise, abandon or adjust by arbitration or otherwise any actions, suits,
proceedings, disputes,

<PAGE>

claims, controversies, demands or other litigation relating to the Trust, the
Trust Estate or the Trust's affairs, to enter into agreements therefore, whether
or not any suit is commenced or claim accrued or asserted and, in advance of any
controversy, to enter into agreements regarding arbitration, adjudication or
settlement thereof.

            (9) To purchase and pay for, out of the Trust Estate, insurance
contracts and policies insuring the Trust Estate against any and all risks and
insuring the Trust, the Trustee, the Holders or the agents and employees of the
Trust, or any or all of them, against any and all claims and liabilities of
every nature asserted by any person arising by reason of any action alleged to
have been taken or omitted by the Trust or by the Trustee. Holders or agents or
employees.

            (10) To file any and all documents and take any and all such other
action as the Trustee, in its sole judgment, may deem necessary in order that
the Trust may lawfully carry out its purposes in any jurisdiction.

            (11) To prepare and file, or assist in the preparation and filing
of, Federal and State tax returns and reports required to be filed on behalf of
the Trust, the Trustee or the Holders.

            (12) To do or take any action necessary, and to execute and deliver
any documents necessary, to enforce the rights resulting from the Agreement for
the sale of the CRC assets to Global Resource Corporation, including without
limitation, any actions pertaining to collection of the monies, the collection
of any insurance funds, foreclosure of any lien or mortgage, and reacquisition,
to own, operate and manage the property until it can be sold.

            (13) To do all other such acts and things as are incidental to the
foregoing, and to exercise all powers which are necessary or useful to promote
and attain any of the purposes for which the Trust is formed, and to carry out
the provisions of this Trust Agreement.

            The enumeration of powers in this Article Four shall not be
considered as a limitation upon the power of the Trustee to act in furtherance
of the purposes of the Trust and in such manner as it, in its sole discretion,
deems necessary or advisable to conserve, protect and administer the Trust
Estate.

                             ARTICLE FIVE. TRUSTEES
                             ----------------------

      5.01 TERM OF TRUSTEE. Unless sooner terminated by distribution of all
assets comprising the Trust Estate, the term of the Trustee signing this
agreement shall end on December 31, 2008. Except during periods of the existence
of a vacancy, there shall at all times be at least one (1) Trustee.

      5.02 COMPENSATION AND OTHER REMUNERATION. Except as specifically agreed in
a Schedule attached to this Liquidating Trust and made a part hereof, a Trustee
shall serve without compensation for its services as Trustee. However, any
Trustee shall be entitled to receive, directly or indirectly, remuneration for
services rendered to the Trust in any other capacity, including, without
limitation, services as an agent or employee of the Trust, legal, accounting, or
other professional services, or services as a transfer agent, underwriter, or
otherwise. The Trustee shall be reimbursed for its reasonable expenses incurred
in connection with its service as Trustee.

<PAGE>

      5.03 RESIGNATION, REMOVAL AND DEATH OF TRUSTEES. A trustee may resign at
any time by giving written notice to either the remaining Trustee at the
principal office of the Trust or, if there is no other Trustee in office, Fox
Law Offices, P.A., 2 Village Hill Lane, #3, Natick, Massachusetts 01760. Such
resignation shall take effect on the date such notice is given or at any later
time specified in the notice without need for prior accounting. Upon the
resignation or removal of any Trustee, or its otherwise ceasing to be a Trustee,
it shall execute and deliver such documents as the remaining Trustee or Trustees
as it/they require foe all property which it holds as Trustee and shall
thereupon be discharged as Trustee. Upon the incapacity or death of any human
Trustee, his legal representative shall perform the acts set forth in the
preceding sentence and the discharge mentioned therein shall run to such legal
representative and to incapacitated Trustee or the estate of the deceased
Trustee as the case may be. Notwithstanding failure of any human Trustee or his
legal representative to execute and deliver documents and to render an
accounting as aforesaid, said Trustee shall cease to hold legal title to the
Trust Estate as of the time of his resignation, removal, incapacity, death or
his otherwise ceasing to be Trustee.

      5.04 VACANCIES. If any or all of the Trustees cease to be Trustees
hereunder, whether by reason of resignation, removal, incapacity, death or
otherwise, such event shall not terminate the Trust or affect its continuity.
Until vacancies are filled, the remaining Trustee or Trustees may exercise the
power of the Trustee hereunder. Vacancies shall be filled by the remaining
Trustee(s) within ninety (90) days of the creation of the vacancy. If at any
time there shall be no Trustee in office, successor Trustee shall be elected by
the Holders at a meeting held in accordance with the provisions of Section 9.01.
Pending the holding of such a meeting, Richard C. Fox, Esq. shall be deemed to
be appointed to act as the Interim Trustee hereunder, with the full powers of
the Trustee as herein provided.

      5.05 SUCCESSOR AND ADDITIONAL TRUSTEES. The right, title and interest of
the Trustee in and to the Trust Estate shall also vest in a successor and
additional Trustee upon its qualification, and it shall thereupon have all the
right and obligations of Trustee hereunder. Such right, title and interest shall
vest in the Trustee whether or not conveying documents have been executed and
delivered pursuant to Section 5.03 or otherwise.

      5.06 ACTIONS BY TRUSTEES. A quorum for all meetings of the Trustees shall
be a majority of the Trustees then in office. Unless specifically provided
otherwise in this Trust Agreement, any action of the Trustees may be taken at a
meeting if a quorum is present by vote of a majority of Trustee at the meeting.
Any agreement, deed, mortgage, lease or other instrument or writing executed by
any one or more of the Trustees and upon the Trust when authorized by action of
the Trustees. The Trustees may adopt such additional rules and procedures as
they deem appropriate to govern their conduct and to further the orderly
administration of the Trust.

                       ARTICLE SIX. THE UNITS AND HOLDERS
                       ----------------------------------

      6.01 UNITS. The interests of the beneficiaries in the Trust Estate shall
be expressed in Units. The Units shall be all of one class. The Units shall be
non-transferrable, and title thereto shall only be transferrable, and title
thereto shall only be transferrable by the laws of descent and distribution. All
Units shall have equal voting, distribution, liquidation and other rights. The
Units shall not entitle any Unit Holder to preference, preemptive, appraisal,
issued.

<PAGE>

      6.02 LEGAL OWNERSHIP OF TRUST ESTATE. The legal ownership of the Trust
Estate and the right to conduct the business of the Trust are vested exclusively
in the Trustee, and the Unit Holders shall have no interest therein other than
the beneficial interest in the Trust conferred by their Units created hereunder,
and subject to the provisions of Section 9.02, they shall have no right to
compel any partition, division, or distribution of the Trust or any of the Trust
Estate.

      6.03 UNITS DEEMED PERSONAL PROPERTY. The Units shall be personal property
and shall confer upon the Holders thereof only the interest and rights
specifically set forth in this Trust Agreement. The death, insolvency or
incapacity of a Holder shall not dissolve or terminate the Trust or affect its
continuity or give his legal representative any rights whatsoever, whether
against or in respect of other Holders, the Trustee or the Trust Estate or
otherwise.

      6.04 UNIT RECORDS: ISSUANCE AND TRANSFERRABILITY OF UNITS. Records shall
be kept by or on behalf of and under the direction of the Trustee which shall
contain the names and addresses of the Holders, the number of Units held by them
respectively, and in which there shall be recorded all transfers of Units. The
Persons in whose names Units are registered on the records of the Trust shall be
deemed the absolute owners of the Units for all purposes of this Trust; but
nothing herein shall be deemed to preclude the Trustee or their agents or
representatives from inquiring as to the actual ownership of Units. Permitted
transfers of Units shall be registered on the records of the Trust only as of
the end of the last day of the month in which it receives notice of the
transfer. Until a transfer is duly registered as to the Trust, the Trustee shall
not be affected by any notice of such transfer either actual or constructive.
The payment thereof to the Person in whose name any Units are registered on the
records of the Trust or to the duly authorized agent of such Person (or if such
Units are registered in the name of more than one person, to any one of such
Persons or to the duly authorized agent of such Person) shall be a sufficient
discharge for all distributions payable or deliverable in support of such Units
and from all liability to see to the application thereof. The Trustee may
prescribe further rules and regulations, not inconsistent herewith, as it may
deem necessary or advisable concerning the transfer of Units.

      6.05 AGENTS. The Trustee shall have power to employ one or more disbursing
agents and other agents and to authorize them on behalf of the Trust to keep
records, to hold and make distributions, and to have and perform in respect to
creation and any permitted transfers of Units and all distributions and reports
and communications to Holders, such powers and duties customarily had and
performed by disbursing agents, transfer agents and registrars as may be
conferred upon them by the Trustee.

      6.06 DISTRIBUTIONS TO UNIT HOLDERS. The Trustee shall have discretion to
determine the number of shares of Global Resource Corporation, or the amount of
cash, or other property, if any, to be distributed to the Holders of the Units
and the time at which any such distribution shall be made. However, this
discretionary authority has been provided solely in order to permit the Trustee
to delay distribution of those funds which are in excess of the immediate
payment requirements of existing claims so as to create a reserve for contingent
liabilities as otherwise provided above. It is not intended that the Trustee
shall exercise their discretion to withhold distributions after payment of the
claims and liabilities. Rather, it is intended that the Trustee shall distribute
all funds or other property thereafter as quickly as possible after making
provisions for current expenses of the Trust. It is specifically agreed and
understood that distribution to the Holders shall not be made until all claims
are resolved by (i) release, (ii) nonappealable

<PAGE>

final judgment of a court of competent jurisdiction or (iii) expiration of any
applicable time for filing claims as prescribed by controlling statutes of
limitations for any potential claims. Trustee shall have a lien on all trust
property to the extent of and until any fees and expenses incurred by Trustee,
including but not limited to attorneys fees and court costs are reimbursed or
paid for with Trust funds. Trustee are authorized by the Holders to sell Trust
Property to obtain funds necessary for such reimbursement or payment of trust
expenses.

                    ARTICLE SEVEN. LIABILITY OF TRUSTEE AND
                    ---------------------------------------
                         UNIT HOLDERS AND OTHER MATTERS
                         ------------------------------

      7.01 EXCULPATION OF TRUSTEES. No Trustee of the Trust shall be liable to
the Trust or to any Trustee for any act or omission of any other Trustee,
Holder, or agent of the Trust, or be held to any personal liability whatsoever
in tort, contract or otherwise in connection with the affairs of the Trust
except only that arising from his/her/its own willful misfeasance, gross
negligence or reckless disregard of duty. In addition to, and not in limitation
of, the foregoing, no successor Trustee shall be in any way liable for the acts
or omissions of any Trustee or agent of the Trust occurring prior to the date on
which he/she/it became a Trustee.

      7.02 LIMITATION OF LIABILITY OF UNIT HOLDERS, TRUSTEES AND OFFICERS. The
Trustee, in incurring any debts, liabilities or obligations, or in taking or
omitting any other actions for or in connection with the Trust is, and shall be
deemed to be, acting as Trustee of the Trust and not in its own individual
capacity. Except to the extent provided in Section 7.01, no Trustee shall, nor
shall any Holder, be liable for any debt, claim, demand, judgment, decree,
liability or obligation of any kind of, against or with respect to the Trust,
arising out of any action taken or omitted for or on behalf of the Trust, and
the Trust shall be solely liable therefore, and resort shall be had solely to
the Trust Estate for the payment or performance thereof. Each Holder shall be
entitled to pro-rata indemnity from the Trust Estate if, contrary to the
provisions hereof, such Holder shall be held to have any such personal
liability.

      7.03 EXPRESS EXCULPATORY CLAUSE IN INSTRUMENTS. As far as practicable, the
Trustee shall cause any written instrument creating an obligation of the Trust
to include a reference to this Trust Agreement to provide that neither the
Holders nor the Trustee thereunder and that the other parties to such instrument
shall look solely to the Trust Estate for the payment of any claim thereunder or
the performance thereof; provided, however, that the omission of such provision
from any such instrument shall not render the Unit Holders or any Trustee liable
nor shall the Trustee be liable to anyone for such omission.

      7.04 RIGHT OF TRUSTEES TO OWN UNITS OR OTHER PROPERTY AND TO ENGAGE IN
OTHER BUSINESS. Any Trustee, employee or agent of the Trust may acquire, own,
hold and dispose of Units for his/her/its individual account, and may exercise
all rights of a Holder to the same extent and in the same manner as if he were
not a Trustee, employee or agent. Any Trustee or agent of the Trust may, in his
personal capacity or as an officer or employee of another Person, engage in
business activities which may be in competition with the Trust, may have
interests in Persons engaged to render services to the Trust, and may receive
compensation from such Persons as well as from the Trust.

      7.05 PERSONS DEALING WITH TRUSTEES. Any act of the Trustee purporting to
be done in its capacity as such shall, as to any Persons dealing with such
Trustee, be conclusively deemed to be within the purpose of this Trust and
within the powers of the Trustee. No person dealing with the Trustee or any of
them, or with the authorized agents

<PAGE>

or representatives of the Trust, shall be bound to see to the application of any
funds or property passing into their hands or control. The receipt of the
Trustee or any of them, or of authorized agents or representative of the Trust,
for monies or other consideration, shall be binding upon the Trust.

      7.06 RELIANCE. The Trustee may consult with counsel (which may be a firm
in which one or more of the Trustees is or are members), auditors or other
experts, and the advice and opinion of such counsel, auditors or other experts
shall be full and complete personal protection to all of the Trustees in respect
of any action taken or suffered by them in good faith and in reliance on or in
accordance with such advice and opinion. In discharging their duties, Trustee
may rely upon financial statements of the Trust presented to it to be correct by
the person having charge of its books of account, or stated in a written report
by an independent certified public accountant fairly to present the financial
position of the Trust. The Trustee may rely, and shall be personally protected
in acting, upon any instrument or other document of any sort whatsoever believed
by it to be genuine.

      7.07 INDEMNIFICATION OF TRUSTEES.

            (1) Each Trustee shall be indemnified from the Trust Estate against
any loss, liability, expense (including attorney's fees and costs), or damage
which such Trustee may incur or sustain by reason of the fact that he/she/it is
or was a Trustee of the Trust or performing any functions incidental to such
services; provided, however, that the foregoing shall not relieve such person of
liability for willful misfeasance, gross negligence or reckless disregard of the
duties involved in the conduct of his/her/its office.

            (2) Indemnification under Paragraph 1 above shall be made by the
Trust as authorized in the specific case unless a determination has been made
that indemnification of the Trustee is improper in the circumstances because
he/she/it has not met the applicable standards of conduct. Such determination
shall be made (i) if the Trustee by a majority vote of a quorum consisting of
Trustees who were not parties to the relevant action, suite, proceeding or claim
or (ii) if such a quorum is not obtainable, or, if obtainable and a quorum of
disinterested Trustee so directs, by independent legal counsel (who may be
counsel to the Trust) in a written opinion.

            (3) Expenses incurred in connection with a civil, criminal,
administrative, or investigative action, suit, or proceeding, or threat thereof,
shall be paid by the Trust in advance of the final disposition of such action,
suit, or proceeding as authorized in the manner provided in subsection (2) of
this Section 7.07, upon receipt of an undertaking by or on behalf of the Person
to repay such amount if it shall ultimately be determined that he/she/it is not
entitled to be indemnified by the Trust as authorized in this Section.

            (4) The indemnification provided by this Section 7.07 shall not be
deemed exclusive of any other rights to which those indemnified may be entitled
under any other agreement, vote of disinterested Trustee, or otherwise, both as
to action in his official capacity and as to action in another capacity while
holding such office, and shall continue as to a Person who has ceased to be a
Trustee and shall inure to the benefit of the heirs, executors, and
administrators of such Person.

            (5) No bond shall be required of any of the Trustee.

<PAGE>

                      ARTICLE EIGHT. DURATION OF TRUST AND
                          AMENDMENT OF TRUST AGREEMENT
                          ----------------------------

      8.01 DURATION OF TRUST. The Trust will terminate six (6) years following
the transfer of CRC's assets to the Trust; provide, however, that the term of
the Trust may be extended for two (2) additional periods of one (1) year each
if, in the discretion of the Trustee, such additional period or periods are
necessary to complete the orderly liquidation of the Trust properties and if, as
of the close of the initial period and, if necessary, as of the close of the
additional period of extension, the Trustee represents to the Internal Revenue
Service that they have made, and are making, good faith attempts to dispose of
the Trust properties. The foregoing shall not be deemed to restrict in any way
the right of the Trustee to cause actual distribution of any liquidation
proceeds to be withheld for periods of time after termination of the Trust as
protection against contingent or unknown liabilities of the Trust or Trustee,
including contingent or unknown liabilities of the Trustee with respect to the
performance of their duties hereunder.

      8.02 AMENDMENT OF TRUST AGREEMENT. This Trust Agreement may be amended by
action concurred in by a majority of the Trustees then in office and without a
vote of Holders for the purpose of having the Trust qualify or continue to
qualify as a "liquidating trust" or "grantor trust" under the applicable
provisions of the Internal Revenue Code of 1954, as amended from time to time.
Also, this Trust Agreement may be amended at the direction or with the consent
of the Holders of not less than 66.7% in interest, for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
this Trust Agreement or prior amendments thereto, provided, however, that no
amendment shall permit the Trustee to engage in any activity prohibited by
Article Four.

      8.03 REVOCATION. The Holders, by a writing signed by Persons holding a
66.7% in interest of the undivided percentage interests of the Trust, and
without consent of the Trustee, may revoke this Trust Agreement by written
instrument delivered to the Trustee.

                             ARTICLE NINE. REPORTS
                             ---------------------

      9.01 FISCAL YEAR. The fiscal year of the Trust shall be the calendar year.

      9.02 PREPARATION AND DISTRIBUTION OF FINANCIAL REPORTS. The Trustee shall
prepare, or cause to be prepared an annual financial report within one hundred
twenty (120) days after the close of each fiscal year, which report shall be
distributed to Holders within thirty (30) days after it become available.

      9.03 CONTENT OF FINANCIAL REPORTS. The annual report shall reflect the
receipts and the disbursements, including an analysis of the disbursements,
together with such other information as may be material under the circumstances.
Such reports shall be compiled by a certified public accountant, but need not be
reviewed or audited unless so directed to be so prepared by the Trustee.

                           ARTICLE TEN. MISCELLANEOUS
                           --------------------------

      10.01 MEETING OF HOLDERS. In the event that there shall be no Trustee in
office and a meeting of Holders is required to elect successor Trustee as
provided in Section 5.04, the Person designated to act as interim Trustee
pending the holding of such a meeting shall provide all Holders written notice
(either in person or by first class mail) of a meeting and the purpose of such
meeting to be held on a day not less than fifteen (15) nor more than sixty (60)
days after the date of such notice at 10 o'clock a.m. at a place within Broward
County, Florida, which place may be an office of the interim Trustee.

<PAGE>

      10.02 APPLICABLE LAW. This Trust Agreement and the rights of all parties
and the construction and effort of every provision hereof shall be subject to
and construed according to the statutes and laws of the State of New Jersey.

      10.03 INDEX AND HEADINGS FOR REFERENCE ONLY. The index and headings
preceding the text, articles and sections hereof have been inserted for
convenience and preference only and shall not be construed to affect the
meaning, construction or effect of this Trust Agreement.

      10.04 SUCCESSORS IN INTEREST. This Trust Agreement shall be binding upon
and inure to the benefits of the undersigned Trustee and its successors,
assigns, heirs, distributes, and legal representatives, and every Unit Holder
and his successors, assigns, heirs, distributes and legal representatives.

      10.05 COUNTERPARTS. This Trust Agreement may be simultaneously executed in
several counterparts, each of which when so executed shall be deemed to be an
original and such counterparts together shall constitute one and the same
instrument, which shall be sufficiently evidenced by any such original
counterpart.

      10.06 PROVISION OF THE TRUST AGREEMENT IN CONFLICT WITH LAW OR
REGULATIONS. If any provision of this Trust Agreement shall be held invalid or
unenforceable, such invalidity or unenforceability shall attach only to such
provision and shall not in any manner affect or render invalid or unenforceable
any other provision of this Trust Agreement, and this Trust Agreement shall be
carried out as if such invalid or unenforceable provision were not contained
herein.

      10.07 NOTICES. Any notice required or provided for in this Trust AGreement
shall be in writing and shall be deemed to have been given when deposited in the
United States mails, certified mail return receipt requested or personally
delivered to the Person at his address as shown on the records of the Trustee.

      10.8 COURT SUPERVISION. The Trust shall not be administered under the
direction or jurisdiction of any court, nor shall there by any duty of the
Trustee to account to any court with respect to its administration of the Trust
or the Trust Estate.

      IN WITNESS WHEREOF, the parties have executed this Liquidating Trust
Agreement the day and year first above written.

                                        CARBON RECOVERY CORPORATION

ATTEST:
                                        By: /s/ Frank Pringle (Pres.
                                            -------------------------------
/s/ signature
--------------------------------
Secretary

                                        OLDE MONMOUTH STOCK TRANSFER CO., INC.

ATTEST:

                                        By: /s/ signature
                                            -------------------------------
/s/ signature
--------------------------------
Secretary

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