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Exhibit 4.6.3
Certificate # 1
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Number of Common Stock Purchase Warrants 27,205,867
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This Is To Certify That: MOBILESTREAM OIL, INC.
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Is The Owner of: TWENTY-SEVEN MILLION TWO HUNDRED FIVE THOUSAND EIGHT HUNDRED
AND SIXTY-SEVEN
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Global Resource Corporation Common Stock Warrants
FOR VALUE RECEIVED, Global Resource Corporation, a Nevada corporation (the
"Company") whose address is 408 Bloomfield Drive, Unit # 1, West Berlin, New
Jersey, 08091, grants the following rights to the above ("Holder".)
As used herein, the following terms shall have the following meanings,
unless the context shall otherwise require: (a) "Common Stock" shall mean the
common stock, par value $0.001, of the Company. (b) "Corporate Office" shall
mean the office of the Company (or its successor) at which at any particular
time its principal business shall be administered, which office is located at
the date hereof at 408 Bloomfield Drive, Unit # 1, West Berlin, New Jersey
08091. (c) "Effective Date" shall mean the date on which the SEC declares
effective a registration statement filed under the Securities Act of 1933 that
covers the issuance and resale of the Shares issuable upon the exercise of this
Warrant. (d) "Exercise Date" shall mean any date upon which the Holder shall
give the Company a Notice of Exercise, which shall be deemed the date the Notice
of Exercise was first deposited in the U.S. Mails, if mailed, or the date
received by the courier company if delivered by recognized courier company, or
the date received by the Company if otherwise given or delivered. (e) "Exercise
Price" shall mean the price to be paid to the Company for each share of Common
Stock to be purchased upon exercise of this Warrant in accordance with the terms
hereof, which shall be $4.75 per share. (f) "Expiration Date" shall mean 5:00 PM
(Eastern Time) on December 31, 2008. (g) "SEC" shall mean the United States
Securities and Exchange Commission.
2.1 EXERCISE OF WARRANT: This Warrant shall entitle Holder to purchase one (1)
share of Common Stock (the "Share") at the Exercise Price. This Warrant shall be
exercisable at any time and from time to time on and after the Effective Date
and prior to the Expiration Date (the "Exercise Period") upon execution. This
Warrant and the right to purchase the Share hereunder shall expire and become
void at the Expiration Date.
2.2 MANNER OF Exercise: (a) Holder may exercise the Warrant at any time and from
time to time during the Exercise Period by delivering to the Company at its
Corporate Office (i) a duly executed Notice of Exercise in substantially the
form attached as Appendix 1 hereto and (ii) a bank cashier's or certified check
for the aggregate Exercise Price of the Share being purchased. (b) From time to
time upon exercise of this Warrant in accordance with its terms, the Company
will cause its transfer agent to countersign and deliver the stock certificate
to the Holder representing the Share being purchased pursuant to such exercise
subject to adjustment as described herein.
2.3 TERMINATION: All rights of the Holder in this Warrant shall terminate on the
Expiration Date. (a) No Right Prior to Exercise: Prior to its exercise pursuant
to Section 2.2 above, this Warrant shall not entitle the Holder to any voting or
other rights as holder of Shares. (b) Adjustments: In case of any
reclassification, capital reorganization, stock dividend, or other change of
outstanding shares of Common Stock, or in case of any consolidation or merger of
the Company with or into another corporation (other than a consolidation or
merger in which the Company is the continuing corporation and which does not
result in any reclassification, capital reorganization, stock dividend, or other
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change of outstanding shares of Common Stock), or in case of any sale or
conveyance to another corporation of the property of the Company as, or
substantially as, an entirety (other than a sale/leaseback, mortgage or other
financing transaction), the Company shall cause effective provision to be made
so that the Holder shall have the right thereafter, by exercising this Warrant,
to purchase the kind and number of shares of stock or other securities or
property (including cash) receivable upon such reclassification, capital
reorganization, stock dividend, or other charge, consolidation, merger, sale or
conveyance as the Holder would have been entitled to receive had the Holder
exercised his Warrant in full immediately before such reclassification, capital
reorganization, stock dividend, or other charge, consolidation, merger, sale or
conveyance. (c) Fractional Shares: No fractional Shares shall be issuable upon
exercise or conversion of this Warrant and the number of Shares to be issued
shall be rounded down to the nearest whole Share. If a fractional Share interest
arises upon any exercise or conversion of the Warrant, the Company shall
eliminate such fractional Share interest by paying Holder the amount computed by
multiplying the fractional interest by the closing bid price of a full Share on
the date of the Notice of Exercise.
4.1 REPRESENTATIONS AND WARRANTIES: The Company hereby represents and warrants
to the Holder as follows: (a) All Shares which may be issued upon the exercise
of the purchase right represented by this warrant shall, upon issuance, by duly
authorized, validly issued, fully-paid and nonassessable, and free of any liens
and encumbrances except for restriction on transfer provided for herein or under
applicable federal and state securities laws, and not subject to any pre-emptive
rights. (b) The Company is a corporation duly organized and validly existing
under the laws of the State of Nevada, and has full power and authority to issue
this warrant and to comply with the terms hereof. The execution, delivery and
performance by the Company of its obligations under this Warrant, including,
without limitation, the issuance of the Shares upon any exercise of the Warrant,
have been duly authorized by all necessary corporate action. This Warrant has
been duly executed and delivered by the Company and is a valid and binding
obligation of the Company, enforceable in accordance with its terms, except as
enforcement may be limited by applicable bankruptcy, insolvency, reorganization
or similar laws affecting enforceability of creditors' rights generally and
except as the availability of the remedy of specific enforcement, injunctive
relief or other equitable relief is subject to the discretion of the court
before which any proceeding therefore my be brought. (c) The Company is not
subject to or bound by any provision of any certificate or articles of
incorporation or by-laws, mortgage, deed of trust, lease, note, bond, indenture,
other instrument or agreement, license, permit, trust, custodianship, other
restriction or any applicable provision of any law, statue, any court,
governmental body, administrative agency or arbitrator which could prevent or be
violated by or under which there would be a default (or right of termination) as
a result of the execution, delivery and performance by the Company of this
Warrant.
Dated:______________________ Countersigned By:
Olde Monmouth Stock Transfer Co., Inc.
200 Memorial Parkway,
Atlantic Highlands, NJ 07716
Authorized Signature
/s/ [unreadable] /s/ Frank G. Pringle
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Secretary President
Affix Corporate Seal Below