Exhibit 10.2



                        SETTLEMENT AND RELEASE AGREEMENT

     This  Settlement and Release Agreement (the "Settlement Agreement") is made
as  of  this  6th  day  of January, 2006, by and between World Golf League, Inc.
("WGL") and Paxson Productions, Inc., d/b/a Paxson Entertainment ("PAXSON") with
regards  to  the  WGL  Million  Dollar  Shootout Golf programs, (the "Programs")
PAXSON and WGL are at times collectively referred to herein as the "Parties."

                                   WITNESSETH

     WHEREAS,  a  dispute  arose  between  PAXSON and WGL concerning a Agreement
dated  as of July 25, 2005 (the "Agreement") WGL" and PAXSON with regards to the
WGL Million Dollar Shootout Golf programs, (the "Programs");

     WHEREAS,  WGL  made  certain  payments  of  the  License Fees due under the
Agreement in the amount of $59,500 ("Paid License Fees");

     WHEREAS,  Subsequent  to WGL's payment of the Paid License Fees, WGL failed
to  make  certain  payments  of  the  License  Fees  due  under  the term of the
Agreement; WHEREAS, upon proper notice PAXSON terminated the Agreement for WGL's
failure  to  pay  the License Fees under the terms of the Agreement and notified
WGL  that  the  Programs  would  not  be  broadcast over the Network operated by
PAXSON; and

     WHEREAS,  it  is the intention of the Parties hereto to resolve any and all
disputes  in  any  way relating to allegations or claims made or that could have
been  made and to finally and fully resolve all matters relating to the Parties'
prior business dealings;

     NOW,  THEREFORE,  for  good  and  valuable  consideration,  the receipt and
sufficiency  of  which  is  hereby  acknowledged,  the  Parties  hereto agree as
follows:

     1.  As  a  express  condition  precedent  for  PAXSON  entering  into  this
Settlement Agreement and agreeing to the terms therein, WGL agrees that:

          (a)  PAXSON  shall  retain the Paid License Fees and WGL shall make no
     claim and have no rights with respect to such Paid License Fees; and

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          (b)  PAXSON  shall  have  no  obligation  to broadcast the Programs as
     originally  contemplated  under  the  Agreement  and  PAXSON  shall have no
     liability to WGL (or anyone) with respect thereto; and

          (c)  Upon its execution of this Settlement Agreement by WGL, WGL shall
     immediately pay to PAXSON the additional sum of SIXTY FIVE THOUSAND DOLLARS
     (U.S. $65,000) via wire transfer instructions previously provided to WGL by
     PAXSON.

     2.  PAXSON,  its  respective successors, predecessors, assigns, present and
former  affiliates,  subsidiaries, officers, directors, stockholders, attorneys,
present  and  former   employees  and  agents,  individually  and  collectively,
including,  without  limitation,  release  WGL   together  with  its  respective
successors,  predecessors, assigns, present and former affiliates, subsidiaries,
corporate  parents,  officers,  directors,  trustees,  stockholders,  attorneys,
present  and  former  employees  and agents, from any and all actions, causes of
action,  claims,  suits,  liabilities, obligations, agreements losses attorney's
fees,  expenses,  costs, damages and/or demands whatsoever, whether at law or in
equity, that PAXSON ever had, now has or may have, known or unknown, relating in
any  way  to  the  Agreement,  including  without  limitation any communication,
representations, or warranties coinciding with that Agreement.

     3.  WGL,  its  respective  successors,  predecessors,  assigns, present and
former  affiliates,  subsidiaries, officers, directors, stockholders, attorneys,
present  and  former employees and agents individually and collectively, release
PAXSON  together with its respective successors including without limitation its
predecessors,  assigns,  present  and former affiliates, subsidiaries, corporate
parents  including  without   limitation  its  officers,   directors,  trustees,
stockholders,  attorneys,  present and former employees and agents, from any and
all  actions,  causes  of  action,  claims,  suits,   liabilities,  obligations,
agreements  losses  attorney's  fees,  expenses,  costs,  damages and/or demands
whatsoever, whether at law or in equity, that WGL ever had, now has or may have,
known  or  unknown,  relating  in  any  way  to the Agreement, including without
limitation  any  communication,  representations,  or warranties coinciding with
that Agreement.

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     4.  Each  Party  represents and warrants that it is the owner of all claims
settled and released herein and that it has not heretofore assigned to any other
person  or entity, other than its parents, subsidiaries, or affiliated entities,
all  or  any  portion  of  any  claim  settled  and  released herein. Each party
represents  that  it  has full authority to enter into this Settlement Agreement
and  to  fully  and  completely release all claims described herein on behalf of
itself, as well as its parents, subsidiaries, and affiliated entities.

     5.  The  Parties acknowledge and agree that this is a compromise settlement
that is not in any respect, nor for any purpose to be deemed or construed as, an
admission  or  concession  of  any  position  or  any  liability  or  wrongdoing
whatsoever on the part of either Party.

     6.  With  regard  to  the  subject matter of this Settlement Agreement, the
Parties  acknowledge  and agree that no statements, promises, or representations
have  been  made by any Party to the other, or are relied on by any Party, other
than  those  specifically identified in this Settlement Agreement. No conditions
precedent  to  the  effectiveness of this Settlement Agreement exist, other than
those which may be expressly provided herein. This Settlement Agreement contains
the  entire  agreement  between the Parties with regard to the matters set forth
herein. Any prior or contemporaneous written or oral agreements between or among
the Parties that are comprised, related to or embraced within the Litigation are
merged  into  and  superseded  by  this  Settlement  Agreement.   No  amendment,
modification  or  waiver  of  this Settlement Agreement shall be valid unless in
writing and signed by all of the Parties.

     7.  Each  Party  warrants and represents that this Settlement Agreement has
been  fully and carefully read by it, that it has had the opportunity to consult
with  and  receive  advice  from  its  own  attorney, that it knows the contents
hereof,  and that the person signing on its behalf below has signed the same out
of his or her own free will and with full authority to do so.

     8.  Each of the undersigned individuals executing this Settlement Agreement
in  a  representative  capacity hereby represents and warrants that he or she is
authorized  to enter into this Settlement Agreement on behalf of the Party which
he  or  she  purports  to  represent,  that all necessary authorization or other
resolutions  have  been  passed and obtained, and that this Settlement Agreement
shall be the legal, valid and binding obligation of said Party.

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     9.  The  terms  of  this  Settlement Agreement are contractual and not mere
recitals.

     10.  The  law  of  the  State  of  Florida shall govern the interpretation,
construction, and enforcement of this Agreement.

     11.  The  Parties  expressly  agree  that  the terms and conditions of this
Agreement  and  all  documents  necessary  to  implement  same,  all  settlement
negotiations, and all allegations that were or could have been made by one party
against  the  other  (collectively, the "Confidential Information") shall not be
referred  to,  characterized,  described  or  in  any  manner  referenced in any
written,  oral,  electronic  or other communication made to any person or entity
and shall remain strictly confidential.

     12.  Notwithstanding  Paragraph  11, disclosure of Confidential Information
shall not constitute a breach of this Agreement if the disclosing party (1) does
so  solely  for  purposes of proper financial accounting or tax reporting of the
disclosing  party;  or  (2)  does  so  with advance written consent of the other
party; or (3) does so by Court order.

     This Agreement consists of 4 pages, including acknowledgements, is executed
in duplicate originals, and is effective this the 6th day of January, 2006.

     IN  WITNESS  WHEREOF, the Parties have executed this Settlement and Release
Agreement.

                                     PAXSON  PRODUCTIONS,  INC.
                                     (D/B/A  PAXSON  ENTERTAINMENT


                                     By:/s/Dean Goodman
                                        ------------------------------
                                        Name: Dean Goodman
                                        Title: Chief Operating Officer

                                     WORLD GOLF LEAGUE, LLC



                                     By:/s/Michael Pagnano
                                        --------------------------
                                        Name: Michael Pagnano
                                        Title: CEO

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