globalres_8k-051409.htm
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): May 11,
2009
Global
Resource Corporation
(Exact
Name of Registrant as Specified in its Charter)
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Nevada
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000-50944
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84-1565820
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1000
Atrium Way, Suite 100
Mount
Laurel, New Jersey 08054
(Address
of Principal Executive Offices) (Zip Code)
Registrant's
telephone number, including area code: (856) 767-5665
(Former
name or former address, if changed since last report.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the Company under any of the following
provisions (see General Instruction A.2. below):
□ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
□ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
□ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
□ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01 Entry into a Material Definitive Agreement.
On May
11, 2009, Global Resource Corporation (“Global”) and LP (Origination) Limited, a
United Kingdom company (“LP Origination”) owned by Peter A. Worthington, a
director of Global, entered into a Consulting Agreement with an effective date
of April 7, 2009 (the “Consulting Agreement”).
Pursuant
to the Consulting Agreement, LP Origination agreed to perform management
advisory, strategic planning and other consulting services as Global may request
from time to time for a term ending on April 6, 2010, in return for (i) a
payment of $100,000 conditioned upon and to be paid after the consummation of a
specified amount of sales have been made that exploits Global’s patent pending
microwave technologies and for which LP Origination had some significant
involvement as set forth in the Consulting Agreement and (ii) the immediate
entitlement and subsequent issuance of 300,000 shares of Global’s Common Stock,
which shares were ultimately issued on May 12, 2009. The Consulting
Agreement may be renewed by either party for an additional one year term by
notice not less than 30 days before expiration upon mutually acceptable terms
and conditions.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Company has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
| Dated: May 14,
2009 |
Global Resource
Corporation |
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By: /s/ Eric
Swain
Eric Swain
Chief Executive Officer
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