Document:

Exhibit 4.6

                      BONSO ELECTRONICS INTERNATIONAL INC.

                              EMPLOYMENT AGREEMENT
                                      WITH
                                  KIM WAH CHUNG

This Employment Agreement is made on the 27th day of March, 2008 at Shenzhen and
entered into effective this 1st day of April, 2008, by and between Bonso
Electronics International Inc., a British Virgin Islands international business
company (the "Company"), and Kim Wah Chung, an individual ("Executive").

                                    RECITALS

         A. The Company desires to be assured of the association and services of
Executive for the Company.

         B. Executive is willing and desires to be employed by the Company, and
the Company is willing to employ Executive, upon the terms, covenants and
conditions hereinafter set forth.

                                    AGREEMENT

         NOW, THEREFORE, in consideration of the mutual terms, covenants and
conditions hereinafter set forth, the parties hereto agree as follows:

         1. Employment. The Company hereby employs Executive as its Director of
Engineering and Research and Development.

         2. Term. The term of this Agreement shall be for a period of five (5)
years effective as of April 1, 2008, and ending on March 31, 2013, (the "Initial
Term") unless terminated earlier pursuant to Section 5 below. This Agreement
shall be automatically renewed for successive one year periods (the "Renewal
Term") unless, at least 90 days prior to the expiration of the Initial Term or
any Renewal Term, either party gives written notice to the other party
specifically electing to terminate this Agreement at the end of the Initial Term
or any such Renewal Term.

         3. Compensation and Reimbursement.

         3.1 Base Salary. For all services rendered by Executive under this
         Agreement, the Company shall pay Executive a base salary of Two Hundred
         Thousand United States Dollars (US$200,000) per year (the "Base
         Salary"). The Base Salary shall be payable in equal, consecutive
         monthly installments. It is expressly understood and agreed that the
         Base Salary may be increased upon the approval of a majority of the
         members of the Board of Directors.

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         3.2 Bonus. In addition to the Base Salary and the Deferred
         Compensation, the Company shall pay Executive such Bonus or Bonuses as
         the Board of Directors shall determine in their sole discretion.

         3.3 Additional Benefits. In addition to the Base Salary and the Bonus,
         Executive shall be entitled to all other benefits of employment
         provided to the employees of the Company.

         3.4 Reimbursement. Executive shall be reimbursed for all reasonable
         "out-of-pocket" business expenses for business travel and business
         entertainment incurred in connection with the performance of his duties
         under this Agreement. The reimbursement of Executive's business
         expenses shall be upon monthly presentation to and approval by the
         Company of valid receipts and other appropriate documentation for such
         expenses.

         4.       Scope of Duties.

         4.1 Assignment of Duties. Executive shall have such duties as may be
         assigned to him from time to time by the Company's Board of Directors
         commensurate with his experience and responsibilities in the position
         for which he is employed pursuant to Section 1 above. Such duties shall
         be exercised subject to the control and supervision of the Board of
         Directors of the Company.

         4.2 General Specification of Duties. Executive's duties shall include,
         but not be limited to those duties that are generally associated with
         the position of a Director of a company similarly situated to the
         Company.

         The foregoing specification is not intended as a complete itemization
         of the duties which Executive shall perform and undertake on behalf of
         the Company in satisfaction of his employment obligations under this
         Agreement.

         4.3 Executive's Devotion of Time. Executive hereby agrees to devote his
         full time abilities and energy to the faithful performance of the
         duties assigned to him and to the promotion and forwarding of the
         business affairs of the Company, and not to divert any business
         opportunities from the Company to himself or to any other person or
         business entity.

         4.4      Conflicting Activities.

         (a) Executive may not, during the Initial Term or any Renewal Term of
         this Agreement, be engaged in other business activities without the
         prior consent of the Board of Directors of the Company. Further,
         nothing in this Agreement shall be construed as preventing Executive
         from investing his personal assets in passive investments in business
         entities which are not in competition with the Company or its
         affiliates.

         5.       Termination.

         5.1      Bases for Termination.

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         (a) Executive's employment hereunder may be terminated at any time by
         mutual agreement of the parties.

         (b) This Agreement shall automatically terminate on the last day of the
         month in which Executive dies or becomes permanently incapacitated.
         "Permanent incapacity" as used herein shall mean mental or physical
         incapacity, or both.

         (c) Executive's employment may be terminated by the Company (for any
         reason or no reason at all) at any time by giving Executive 180 days
         prior written notice of termination, which termination shall be
         effective on the 180th day following such notice. If Executive's
         employment under this Agreement is so terminated, the Company shall (i)
         make a lump sum cash payment to Executive within 10 days after
         termination is effective of an amount equal to (1) Executive's Base
         Salary accrued to the date of termination; (2) un-reimbursed expenses
         accrued to the date of termination; and (3) any other amounts due to
         Executive under any other provision of this Agreement.

         (d) Executive may terminate his employment hereunder by giving the
         Company 60 days prior written notice, which termination shall be
         effective on the 60th day following such notice.

         5.2 Payments Upon Termination Pursuant To Sections 5.1(a), or (d). Upon
         termination under Sections 5.1(a), or (d), the Company shall pay to
         Executive within 10 days after termination an amount equal to the sum
         of (1) Executive's Base Salary accrued to the date of termination; (2)
         un-reimbursed expenses accrued to the date of termination, and (3) any
         other amounts due to Executive under any other provision of this
         Agreement. Except for the foregoing compensation then due and owing,
         the Company shall not be obligated to compensate Executive, her estate
         or representatives after any such termination.

         6.       Miscellaneous.

         6.1 Transfer and Assignment. This Agreement is personal as to Executive
         and shall not be assigned or transferred by Executive without the prior
         written consent of the Company. This Agreement shall be binding upon
         and inure to the benefit of all of the parties hereto and their
         respective permitted heirs, personal representatives, successors and
         assigns.

         6.2 Severability. Nothing contained herein shall be construed to
         require the commission of any act contrary to law. Should there be any
         conflict between any provisions hereof and any present or future
         statute, law, ordinance, regulation or other pronouncement having the
         force of law, the latter shall prevail, but the provision of this
         Agreement affected thereby shall be curtailed and limited only to the
         extent necessary to bring it within the requirements of the law, and
         the remaining provisions of this Agreement shall remain in full force
         and effect.

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         6.3 Governing Law. This Agreement is made under and shall be construed
         pursuant to the laws of BVI.

         6.4 Counterparts. This Agreement may be executed in several
         counterparts and all documents so executed shall constitute one
         agreement, binding on all of the parties hereto, notwithstanding that
         all of the parties did not sign the original or the same counterparts.

         6.5 Entire Agreement. This Agreement constitutes the entire agreement
         and understanding of the parties with respect to the subject matter
         hereof and supersedes all prior oral or written agreements,
         arrangements and understandings with respect thereto. No
         representation, promise, inducement, statement or intention has been
         made by any party hereto that is not embodied herein, and no party
         shall be bound by or liable for any alleged representation, promise,
         inducement or statement not so set forth herein.

         6.6 Modification. This Agreement may be modified, amended, superseded
         or cancelled, and any of the terms, covenants, representations,
         warranties or conditions hereof may be waived, only by a written
         instrument executed by the party or parties to be bound by any such
         modification, amendment, cancellation or waiver.

         6.7 Waiver. The waiver by either of the parties, express or implied, of
         any right under this Agreement or any failure to perform under this
         Agreement by the other party, shall not constitute or be deemed as a
         waiver of any other right under this Agreement or of any other failure
         to perform under this Agreement by the other party, whether of a
         similar or dissimilar nature.

         6.8 Cumulative Remedies. Each and all of the several rights and
         remedies provided in this Agreement, or by law or in equity, shall be
         cumulative, and no one of them shall be exclusive of any other right or
         remedy, and the exercise of any one or such rights or remedies shall
         not be deemed a waiver of, or an election to exercise, any other such
         right or remedy.

         6.9 Right of Set-Off. Upon termination or expiration of this Agreement,
         the Company shall have the right to set-off against the amounts due
         Executive hereunder the amount of any outstanding loan or advance from
         the Company to Executive.

         6.10 Effective Date. This Agreement shall become effective as of the
         date set forth on page 1 when signed by Executive and the Company.

IN WITNESS WHEREOF, the parties hereto have caused this Employment Agreement to
be executed as of the date first set forth above.

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BONSO ELECTRONICS INTERNATIONAL INC.

By:_____________________________________
Anthony So,  Chairman and Director

 Accepted by_______________________________
 Kim Wah Chung

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EXHIBIT 10.1

                               SEVERANCE AGREEMENT
                               -------------------

         This Severance Agreement (this "Agreement") between Global Resource
Corporation ("GRC" or the "Company"), a Nevada Corporation with its principal
executive office located at 408 Bloomfield Drive-Unit #1, West Berlin, NJ 08091,
Frank G. Pringle, for himself and any present and former spouses, dependants,
heirs, executors, administrators, creditors, counsel, successors and assigns
(collectively referred to throughout this Agreement, except as the recipient of
the consideration, as "Pringle") and 888 Corporation, a New Jersey corporation
owned, directly or indirectly by Pringle ("888 Corp."), is dated as of November
12, 2008.

         NOW, THEREFORE, in consideration of the mutual covenants and
representations contained in this Agreement and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
parties agree as follows:

         1. RESIGNATION FROM THE BOARD. As of the date hereof, Pringle hereby
resigns as Chairman and as a member of GRC's Board of Directors and in all other
capacities, if any, with GRC.

         2. TERMINATION OF CONSULTING AGREEMENT. The Company, Pringle and 888
Corp. hereby agree that as of the date of this Agreement, the Consulting
Agreement between 888 Corp. and the Company dated as of January 1, 2008 (the
"Consulting Agreement") is hereby terminated and of no further force or effect
with no further consideration, royalties and/or benefits due from GRC and/or its
affiliates to 888 Corp. and/or Pringle thereunder or otherwise. In connection
with the termination of the Consulting Agreement, 888 Corp. hereby irrevocably

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and unconditionally, releases the lien and security interest granted to 888
Corp. pursuant to the Consulting Agreement and agrees to deliver any document or
instrument requested by the Company in connection with such termination.

3. RETURN OF SHARES. Upon the execution of this Agreement, (i) Pringle shall
return the Two Hundred Twenty-Five Thousand (225,000) shares of Company Common
Stock issued to him on or about June 26, 2008 and presently held in "street
name" with UBS and shall take any and all actions requested by GRC in connection
with the return of such shares; and (ii) Pringle shall immediately cease and
desist from selling, assigning, transferring, pledging or otherwise encumbering
any Company stock owned by Pringle, except as otherwise permitted pursuant to
Section 7 of this Agreement.

4. PRINGLE'S REPRESENTATIONS AND OBLIGATIONS REGARDING INTELLECTUAL PROPERTY.

                  (a) Pringle acknowledges and agrees that any and all prior
agreements, assignment documents, instruments of conveyance or other documents
relating to the assignment, transfer or other conveyance from Pringle and/or any
of his current or former affiliates to the Company involving the intellectual
property rights and/or other rights relating to microwave apparatuses and
processes applied in medical applications as well as applied to any of a wide
variety of materials and compositions of matter (e.g., including, but not
limited to, oil, coal, shale, tar sands, tires, plastics, bio-derived materials,
and the like, as well as any products formed using said microwave apparatuses
and processes), including without limitation, the intellectual property
described on Schedule A hereto (collectively, the "Assigned Intellectual
Property") are valid and enforceable in all respects.

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                  (b) Pringle represents and warrants that, except as set forth
on Schedule 4(b), he is the sole inventor with respect to all of the Assigned
Intellectual Property and there are no claims or potential claims by third
parties relating to the creation and/or ownership of any such Assigned
Intellectual Property. Pringle further represents and warrants that the assignor
of any such Assigned Intellectual Property owned all of such Assigned
Intellectual Property free and clear of all liens, claims and/or encumbrances as
of the date of assignment to the Company and had the full right, power and
authority to assign and did assign such Assigned Intellectual Property to the
Company free and clear of all liens, claims and/ or encumbrances.

                  (c) If and to the extent that any of the Assigned Intellectual
Property has not been previously assigned to the Company or any actions are
required to complete and/or perfect any such assignments, Pringle hereby
irrevocably and unconditionally assigns to the Company without further
consideration all right, title, and interest worldwide in and to the Assigned
Intellectual Property and any and all rights associated therewith. Pringle
understands and agrees that he has no right to use the Assigned Intellectual
Property. If any Assigned Intellectual Property or rights therein, has not and
cannot (as a matter of law) be assigned by Pringle to the Company as provided
above, then Pringle unconditionally and irrevocably waives the enforcement of
such rights and all claims and causes of action of any kind against Company with
respect to such rights. In addition, to the extent Pringle cannot (as a matter
of law) make such waiver Pringle unconditionally grants to Company a perpetual,
irrevocable, worldwide, fully-paid, royalty-free, transferable license, with the
right to sublicense through multiple levels of sublicensees, under any and all
such rights (i) to reproduce, create derivative works of, distribute, publicly
perform, publicly display, digitally perform, and otherwise use and exploit the

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Assigned Intellectual Property in any medium or format, whether now known or
hereafter discovered, (ii) to use, make, have made, sell, offer to sell, import,
and otherwise exploit any product or service, and (iii) to exercise any and all
other present or future rights not yet known in the Assigned Intellectual
Property. Pringle hereby assigns to Company any and all claims, past, present,
or future, of any nature whatsoever Pringle may have for infringement,
misappropriation, or violation of any Assigned Intellectual Property.

         (c) Pringle shall cooperate with and assist Company and its designees,
as requested at any time, in obtaining, perfecting, maintaining, and enforcing
Company's or its designees rights in the Assigned Intellectual Property and
execute and deliver to Company any documents or take any other actions as may
reasonably be necessary, or as Company may request, to perfect, maintain,
protect, or enforce Company's or its designees right in the Assigned
Intellectual Property or otherwise carry out the purpose of this Section 4.
Pringle hereby irrevocably designates and appoints the Company and its duly
authorized officers and agents as Pringle's agent and attorney-in-fact to act
for and in Pringle's behalf to execute, deliver, and file any and all documents
with the same legal force and effect as if executed by Pringle, if Company or
its designee is unable for any reason to secure Pringle's signature on any
document needed in connection with the actions described in this Section 4.

         5. CONSIDERATION. As consideration for entering into this Agreement,
the return by Pringle of the Two Hundred Twenty Five Thousand (225,000) shares
of Company Common Stock pursuant to Section 3 hereof, and the continued
compliance with the representations, covenants and obligations of Pringle and
888 Corp. hereunder, GRC agrees to pay Pringle $200,000.00 per year (payable in

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monthly installments in accordance with the Company's regular payroll schedule),
for the six (6) year period commencing on January 1, 2009 (the "Payout Amount")
(with Pringle or 888 Corp. receiving the same compensation amount heretofore
received in 2008 for the balance of 2008), less applicable withholding taxes, if
any, subject to Pringle and 888 Corp.'s continued compliance with the terms of
this Agreement and the Company's indemnification and offset rights described in
Section 14. Pringle agrees that he will be responsible for his own health
insurance coverage.

         6. NO CONSIDERATION ABSENT EXECUTION OF THIS AGREEMENT. Pringle
understands and agrees that GRC is entering into this Agreement in reliance on
his representations, warranties and covenants contained herein and that he would
not receive the benefits specified in this Agreement except for his and 888
Corp.'s execution of this Agreement and his and 888 Corp.'s complete and timely
fulfillment of their respective obligations contained herein.

         7. RESTRICTIONS ON SALE; RIGHT OF FIRST OFFER.

         (a) Pringle agrees that neither he nor his spouse nor any dependent or
any entity directly or indirectly controlled by any of them (collectively
"Pringle Related Parties") will sell, assign, transfer, pledge or otherwise
encumber (collectively, "Transfer") more than an aggregate of Four Hundred
Thousand (400,000) shares of Company Common Stock (excluding the shares returned
to the Company pursuant to Section 3) in the three (3) month period beginning
February 1, 2009, an aggregate of Three Hundred Thousand (300,000) shares of
Company Common Stock in the three (3) month period beginning May 1, 2009 and an
aggregate of Two Hundred Fifty Thousand (250,000) shares of Company Common Stock

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in any three month period thereafter beginning with the three (3) month period
beginning August 1, 2009, and any and all such shares shall be subject to the
right of first offer set forth in this Section 7. Pringle agrees that he will
not sell any shares from the date of this Agreement through January 31, 2009.
Any attempt by Pringle or any Pringle Related Parties to effect a Transfer in
violation of this Section 7 shall be void and ineffective for all purposes. The
restrictions set forth in this Section 7 shall terminate at such time as Pringle
and the Pringle Related Parties in the aggregate own less than Five Million
(5,000,000) shares of Company stock; provided, that Pringle and the Pringle
Related Parties have complied with the provisions of this Section 7 at all times
prior thereto and are otherwise not in default under this Agreement.

         (b) If Pringle and/or any Pringle Related Parties desires to Transfer
any shares of Company stock owned by them that they are otherwise permitted to
Transfer hereunder, he or they shall first deliver to the Company a written
notice (the "Offer Notice"), which Offer Notice shall include: (A) the number of
shares of Company stock desired to be sold (the "Offered Stock"); (B) the
purchase price for the shares of Offered Stock; and (C) an offer to sell such
Offered Stock to the Company (or its assignee or designee) in accordance with
this Section 7, at the purchase price specified in such Offer Notice. The
Company and/or its assignee(s) or designee(s) shall then have the first right
and option (but not the obligation) to purchase all or any of the Offered Stock
at the purchase price stated in the Offer Notice. Such right and option may be
exercised by the Company and/or its assignee or designee by giving written
notice of such election (including the amount of Offered Stock the purchaser
desires to purchase) to Pringle within ten (10) days following receipt of the of
the Offer Notice (the "Acceptance Notice").

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         (c) Unless the parties to any purchase and sale otherwise agree in
writing, the closing of any purchase and sale of Offered Stock pursuant to this
Section 7 shall take place on the tenth (10th) day following delivery of the
Acceptance Notice (or the next succeeding business day if such day is not a
business day). In the event the Company and/or its assignee or designee fails to
deliver an Acceptance Notice with respect to all of the Offered Stock set forth
in any Offer Notice within ten (10) days of receipt of such Offer Notice,
Pringle or a Pringle Related Parties shall have the right, to sell any remaining
Offered Stock at a price equal to or exceeding the price set forth in the Offer
Notice. Such sale shall close during the calendar quarter in question. If
Pringle or a Pringle Related Parties does not consummate any such Transfer
within such calendar quarter, then such Transfer may not be consummated without
repetition of the procedures set forth in this Section 7.

         8. TAX LIABILITY: REIMBURSEMENT OF THE COMPANY WITH RESPECT TO OTHER
MATTERS.

         (a) In the event of a tax assessment by any federal, state or local
taxing authority with respect to any alleged failure to make all required
payments, deductions or withholding from sums paid or to be paid Pringle by the
Company, Pringle promptly shall pay that assessment and any related interest,
penalties or other charges.

         (b) Pringle agrees that he will pay to the Company by March 1, 2009 (i)
the amounts of any and all personal expenses incurred by the Company in respect
of matters personal to Pringle or a Pringle Related Party and not Company
oriented, and (ii) fifty percent (50%) of the amounts incurred by the Company in
connection with the investigation conducted by the Company with respect to
activities conducted by Pringle while he was an officer or director of the
Company, and the expenses incurred by the Company in connection with the

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preparation and negotiation of this Agreement (the amount in clause (ii) to be
paid by FP is expected to be approximately $15,000). Mr. Pringle also
acknowledges that he will be responsible for any Claims (as hereinafter defined)
incurred by the Company as a result of agreements executed by Pringle on behalf
of the Company or commitments made by Pringle on behalf of the Company which
were not properly approved by the Board of Directors or are injurious to the
Company.

         (c) The offset rights under this Section 8 shall be subject to the
indemnification provisions of Section 14 hereafter.

         9. NON-COMPETE/NON-SOLICIT. Pringle agrees that during the period that
he is to receive the payments set forth in Section 5 and for a period of three
(3) years following the final payment thereunder (the "Restricted Period"), he
shall not, directly or indirectly, in any manner whatsoever engage or
participate in, either alone or with others (including as an employee,
representative, agent, independent contractor, broker, consultant, partner,
owner, director, trustee or stockholder of any partnership, business trust,
company, corporation or other business entity that engages in), any activity
that in any way compete with the business of the Company. During the Restricted
Period, Pringle shall not, directly or indirectly: (i) contact any Company
employee other than the Company's CEO with respect to any matter (except as
explicitly requested by the Company) or induce or attempt to influence any then
current employee of the Company to leave its employ with the Company or hire an
individual who was employed by the Company within the year prior to the date of
this Agreement, (ii) contact (except as explicitly requested by the Company),
solicit or direct any then-existing customer or supplier of the Company or any

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customer or supplier of the Company within the year prior to this Agreement for
the purpose of competing with the Company, or in any manner attempting to
influence any other person or other entity to cease or alter its business
relationship with the Company, or with respect to any matter relating to the
business or the intellectual property of the Company, or (iii) commit any act
that injures the business or business relationships of the Company or otherwise
has an adverse economic effect on the Company, if such act was committed
intentionally to have such consequence. If Pringle violates his obligations
under this Section 9, then the time periods hereunder shall be extended by the
period of time equal to that period beginning when the activities constituting
such violation commenced and ending when the activities constituting such
violation terminated.

         10. CONFIDENTIAL INFORMATION. Pringle acknowledges that, he had access
to information that is confidential and proprietary to the Company, including
without limitation, business, operational and marketing plans, financial
information, ideas, concepts, processes, business methods, procedures,
operations, software, source, code, object codes, specifications, documentation,
trade secrets, technology, cost, pricing and sales information, lists and files
of the Company in whatever form or media (collectively, "Confidential
Information"). Pringle agrees that GRC had no obligation to specifically
identify any information as Confidential Information for it to be entitled to
protection as such. Pringle agrees to return to GRC all copies of Confidential
Information directly or indirectly in his possession or control. Pringle further
agrees not to disclose to any person any Confidential Information without the
prior written consent of GRC.

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         11. NON-DISPARAGEMENT. In consideration of the parties' agreement as
set forth herein, the parties agree that they will not make disparaging or
defamatory statements, or in the case of Pringle or any Pringle Related Party,
will not take any action which would reasonably have the effect of injuring the
Company, about each other or their past or present officers, directors, agents
and employees, to any third parties, including, without limitation, to any
customer, employee, vendor, stockholder or client.

         12. RELIEF FOR BREACH OF THIS AGREEMENT. (a) Pringle agrees that it is
fair, reasonable and necessary for him to make the covenants and undertakings
set forth herein. Each party further agrees that if such party breaches or
attempts to breach or violate any of the provisions, the other party will be
irreparably harmed and monetary damages will not provide an adequate remedy.
Accordingly, it is agreed that each party may apply for and shall be entitled to
temporary, preliminary and permanent injunctive relief (without the necessity of
posting a bond or other security) to prevent any breach or threatened breach of
this Agreement or to enforce the provisions hereof, and each party hereby
consents to the granting of such injunctive relief, including specific
performance, without having to prove the inadequacy of the available remedies at
law or actual damages and without the requirement of posting a bond or other
security. It is understood that any such injunctive remedy shall not be
exclusive or waive any rights to seek other remedies at law or in equity, and
each party shall be entitled to commence legal, judicial or other process.
Pringle agrees that the covenants and undertakings covered by this Agreement are
reasonable in light of the facts as they exist on the date hereof. However, if
at any time, a court having jurisdiction over this Agreement shall determine

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that the scope, subject matter or duration of any covenant contained herein is
unreasonable in any respect, it shall be modified as such court determines may
be reasonable so that the Company's interests are protected.

         13. GENERAL RELEASE OF CLAIMS.

         (a) Pringle and 888 Corp. knowingly and voluntarily release and forever
discharge GRC, including all present or former affiliates, successors,
predecessors, purchasers or sellers of stock or assets, subsidiaries, divisions,
successors, assigns, insurers, counsel, investors, creditors, representatives
and the current and former employees, stockholders, partners, associates,
attorneys, officers, directors and agents thereof (collectively, "GRC Parties"),
from any and all claims, known and unknown, which Pringle and/or 888 Corp. has
or may have against such GRC Parties as of the date of execution of this
Agreement. Pringle and 888 Corp. further covenant and agree not to sue the
Company or any current or future officer, director, employee or other
representative of the Company with respect to any matter whatsoever except in
the case of the violation by the Company of this Agreement.

         (b) GRC knowingly and voluntarily releases and forever discharges
Pringle and 888 Corp. and, as applicable, their respective present or former
affiliates, successors, predecessors, purchasers or sellers of stock or assets,
subsidiaries, divisions, successors, assigns, insurers, counsel, investors,
creditors, representatives and the current and former employees, stockholders,
partners, associates, attorneys, officers, directors and agents thereof
(collectively, "Pringle Parties") from any and all claims, known and unknown,
which GRC has or may have against such Pringle Party as of the date of execution

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of this Agreement; but specifically excluding any claims relating to or arising
from any breach or alleged breach of any representation, warranty, covenant or
obligation of Pringle and/or 888 Corp. under this Agreement.

         14. THIRD PARTY CLAIMS; INDEMNIFICATION.

         (a) Pringle represents, warrants and covenants with the Company that,
except as set forth on Schedule 4(b) or Schedule 14(a) hereto, no third party
has any Claims (as hereinafter defined) against the Company (i) in respect of
ownership rights to the Company's intellectual property or (ii) as a result of
services provided or goods sold to the Company or for any other reason.

         (b) Pringle hereby agrees to indemnify and hold each and all of the GRC
Parties harmless from and against any and all suits, claims, liabilities and/or
damages of any kind or nature (including attorneys fees) (collectively,
"Claims") arising from or relating to any breach or alleged breach of any
representation, warranty, covenant, or agreement of Pringle and/or 888 Corp.
hereunder. The Company shall have the absolute and unconditional right to offset
the amount of any Claims (including any amounts paid by the Company in
settlement thereof) against amounts otherwise due Pringle hereunder. In
connection therewith, at the Company's option, the Company may offset any
indemnification payments owed to the Company by Pringle, 888 Corp. or any
Pringle Related Party against amounts payable to Pringle hereunder or demand
that Pringle or any Pringle Related Party return shares of Common Stock to the
Company at a value equal to the fair market value of such shares on the date of
the demand.

         (c) In the event of any Claim brought by a third party, the provisions
of this clause (c) shall apply. No payment shall be made by the Company to such
third party reimbursable under this Section 14 unless and until such Claim is
brought via a lawsuit and until the Company provides notice to FP of such Claim
and either (i) FP authorizes the Company to pay such Claim and offset such

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amount pursuant to the provisions of this Section 14, (ii) FP agrees in writing
to assume the defense of such Claim within five (5) days of the Company's
notice, or (iii) FP fails to assume the defense of the Claim in writing within
five (5) days of the delivery of notice or fails, in the Company's reasonable
determination, to defend the Claim during the pendency thereof (in any of such
cases, the Company shall have the offset rights set forth in this Section 14).
In the event that FP agrees in writing to assume the defense of such Claim, FP
shall be responsible for all defense costs related thereto and in such event,
the Company shall pay into escrow (with Company counsel) the amount of such
Claim in lieu of making payments to FP under this Agreement or at the Company's
option require FP to deposit in escrow with Company counsel shares of Common
Stock equal to the fair market value thereof, with such escrowed funds or shares
being used to pay the third party Claim in the event that the third party Claim
is successful.

         15. FURTHER ASSURANCES. Pringle and 888 Corp. each hereby agree to
execute and deliver such other instruments (including filings with the U.S.
Patent and Trademark Office, as well as filings with any other patent offices
outside of the United States, as required by the Company), and take such other
action, as GRC may request in connection with the transactions contemplated by
this Agreement. In addition, upon explicit written request by the Company,
Pringle shall reasonably cooperate and assist with all inquiries from Company
employees, vendors and/or customers at no additional cost or expense to the
Company and without any further consideration to Pringle hereunder.

                                      -13-
<PAGE>

         16. GOVERNING LAW AND INTERPRETATION. This Agreement shall be governed
and conformed in accordance with the laws of the State of New Jersey, without
regard to its choice or conflict of laws provisions. Any litigation proceeding
under this Agreement shall be confidential in nature to the fullest extent
permitted by applicable law. In any action, lawsuit or proceeding brought to
enforce or interpret the provisions of this Agreement and/or arising out of or
relating to any dispute between the parties, the prevailing party with respect
to each specific issue in a matter shall be entitled to recover all of his or
its costs and expenses relating to such issue (including without limitation,
reasonable attorney's fees and disbursements) in addition to any other relief to
which such party may be entitled.

         17. NOTICES. Any notice required or permitted to be given under this
Agreement shall be sufficient if in writing, and if sent by overnight courier
service for next day delivery to the address of such party below (or such other
addresses as the party may later specify in a written notice to the other party
sent in accordance with this Notice provision):

                  TO PRINGLE AND/OR 888 CORP.:
                  ----------------------------

                  Frank Pringle
                  109 Boxton Road
                  Marlton, New Jersey 08053

                  With a copy to:

                  Michael J. McElhatton, Esq.
                  200 White Horse Pike
                  Haddon Heights, NJ 08035

                                      -14-
<PAGE>

                  TO THE COMPANY:
                  ---------------

                  Global Resource Corporation
                  408 Bloomfield Drive-Unit #1
                  West Berlin, NJ 08091
                  Attention: President

                  With a copy to:

                  Westerman Ball Ederer Miller & Sharfstein, LLP
                  170 Old Country Road, 4th floor
                  Mineola, New York 11501
                  (516) 622-9200
                  Attn:  Alan C. Ederer, Esq.

         All notices hereunder shall be deemed received the day after being sent
by next-day delivery with a recognized overnight courier service.

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

         19. HEADINGS. The section and other headings contained in this
Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement.

         20. AMENDMENT. This Agreement may not be modified, altered or changed
except in writing, in a document signed by all parties.

         21. ENTIRE AGREEMENT. This Agreement sets forth the entire agreement
between the parties hereto, and fully supersedes any prior agreements or
understandings between the parties. Pringle has not relied on any
representation, promise, or agreement of any kind in connection with the
decision to accept this Agreement, except for those set forth in this Agreement.

                                      -15-
<PAGE>

         22. SEVERABILITY. Any term or provision of this Agreement which is
invalid or unenforceable shall be ineffective to the extent of such invalidity
or unenforceability without rendering invalid or unenforceable the remaining
rights of the person intended to be benefited by such provision.

23. PRODUCT OF NEGOTIATION. The terms of this Agreement are the product of
negotiation and compromise between the parties. The meaning, effect and terms of
this Agreement have been discussed by the parties with their respective counsel
and agreed upon by the parties hereto. In the event of an ambiguity in the
interpretation of this Agreement, no party shall be deemed to have been the
draftsman thereof.

                            [Signature Page Follows]

                                      -16-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have knowingly and voluntarily
executed this Agreement as of the date first set forth above.

                                           888 CORPORATION

                                           By:
                                              ----------------------------------
                                              Name:
                                              Title:

                                           ------------------------------
                                           FRANK PRINGLE

                                           GLOBAL RESOURCE CORPORATION

                                           By:
                                              ----------------------------------
                                              Name:
                                              Title:

                                      -17-
<PAGE>

<TABLE>
<S>     <C>

                                                           SCHEDULE A
                                                           ----------

                                                 Assigned Intellectual Property

----------------- --------------------- ------------------------- ------------------------------------- -----------------------
ATTORNEY DOCKET   COUNTRY               APPLICATION NUMBER        TITLE                                 INVENTOR(S)
NUMBER
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0002          United States         60/750098                 METHOD & SYSTEM FOR NON-PYROLYTIC     PRINGLE, FRANK G.
                                                                  REDUCTION
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0004          United States         11/610823                 MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK G.
                                                                  HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0005          Patent Cooperation    PCT/US2006/048015         MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK C.
                  Treaty                                          HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0006          Patent Cooperation    PCT/US2006/048262         DEVICE PRODUCING AND USE OF           PRINGLE, FRANK G.
                  Treaty                                          MICROWAVE ENERGY FOR THERMOTHERAPY
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0007          United States         11/610962                 USE OF MICROWAVE ENERGY FOR           PRINGLE, FRANK G.
                                                                  THERMOTHERAPY
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0010          United States         60/943991                 MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK G.
                                                                  HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0018          Canada                2633091                   MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK C.
                                                                  HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0019          European Patent       06845600.3                MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK C.
                  Convention                                      HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0020          Norway                20082798                  MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK C.
                                                                  HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0021          Mexico                08/07748                  MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK C.
                                                                  HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0022          Australia             2006335213                MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK C.
                                                                  HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------

                                                             -18-
<PAGE>

----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0023          Brazil                N/A                       MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK C.
                                                                  HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0024          United States         12/138905                 MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK G.
                                                                  HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0025          Patent Cooperation    PCT/US2008/066872         MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK G.
                  Treaty                                          HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0026          Australia             2006325835                DEVICE PRODUCING AND USE OF           PRINGLE, FRANK G.
                                                                  MICROWAVE ENERGY FOR THERMOTHERAPY
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0027          Canada                N/A                       USE OF MICROWAVE ENERGY FOR           PRINGLE, FRANK G.
                                                                  THERMOTHERAPY
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0028          European Patent       06845727.4                USE OF MICROWAVE ENERGY FOR           PRINGLE, FRANK G.
                  Convention                                      THERMOTHERAPY
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0029          Argentina             P080102579                MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK G.
                                                                  HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0030          Venezuela             2008-001185               MICROWAVE-BASED RECOVERY OF           PRINGLE, FRANK G.
                                                                  HYDROCARBONS AND FOSSIL FUELS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------

                                                             -19-
<PAGE>

                                                         SCHEDULE 4(b)
                                                         -------------

----------------- --------------------- ------------------------- ------------------------------------- -----------------------
ATTORNEY DOCKET   COUNTRY               APPLICATION NUMBER        TITLE                                 INVENTOR(S)
NUMBER
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0032          United States         61/080713                 ELECTRO-MAGNETIC RESONANCE DEVICES    EVERLEIGH, CARL
                                                                  AND RELATED METHODS
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0033          United States         61/101462                 MICROWAVE-BASED RECOVERY OF           HEDMAN, LENNART
                                                                  HYDROCARBONS AND FOSSIL FUELS
                                                                                                        EVERLEIGH, CARL
----------------- --------------------- ------------------------- ------------------------------------- -----------------------
GBRC0034          United States         61/109743                 MICROWAVE-BASED RECOVERY OF           HEDMAN, LENNART
                                                                  HYDROCARBONS AND FOSSIL FUELS
                                                                                                        EVERLEIGH, CARL
----------------- --------------------- ------------------------- ------------------------------------- -----------------------

                                                             -20-
</TABLE>
<PAGE>

                                 SCHEDULE 14(a)
                                 --------------

                                      NONE

                                      -21-

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