EXHIBIT 10.2
                                                                    ------------

                              SETTLEMENT AGREEMENT

     This Settlement Agreement (this "Agreement") is dated as of this 25th day
of January, 2005 between CDKnet.com, Inc., a Delaware corporation ("CDK") and
Investor Relations Services, Inc., a Delaware corporation ("Consultant").

     1.   CDK entered into a Consulting Agreement dated October 20, 2004 with
          Consultant (the "Consulting Agreement").

     2.   The parties wish to terminate the Consulting Agreement, on the terms
          set forth herein.

     NOW, THEREFORE, for good and valuable consideration, the parties, intending
to be legally bound, agree as follows:

     1. SETTLEMENT TERMS. Subject to the terms and conditions herein stated, the
     parties respective obligations are hereby settled by CDK delivering to
     Consultant the sum of $10 (the "Settlement Consideration"). Consultant
     acknowledges the receipt of the Settlement Consideration.

     2. MUTUAL RELEASES. Each party hereto, such party's heirs, assigns and
     agents, do hereby fully and forever, release, waive and discharge each of
     the parties hereto, and their respective officers, directors, shareholders,
     agents, employees, successors and assigns, (hereinafter collectively
     referred to as the "Releasees") from and against each and every claim,
     demand, cause of action, obligation, damage, complaint, expense or action
     of any kind, description or nature whatsoever, known or unknown, suspected
     or unsuspected, that each party has or may hereafter have, against the
     Releasees arising out of the Consulting Agreement; provided, however, CDK;s
     release shall not be effective until it has received the "Settlement
     Consideration" described in a Settlement Agreement executed this day
     between CDK and Summit Trading Limited, an international business
     corporation organized under the laws of the Bahamas ("STC") and CDK's
     transfer agents accepts the documentation presented by STC presented
     therewith. This mutual release specifically excludes the rights of CDK and
     obligations of Consultant under Sections 8 and 9 of the Consulting
     Agreement.

     3. REPRESENTATIONS OF CONSULTANT. Consultant represents, warrants and
     agrees that Consultant has the full legal right and power and all authority
     and approval required to enter into, execute and deliver this Agreement and
     to perform fully his obligations hereunder. This Agreement has been duly
     executed and delivered by Consultant and, assuming due execution and
     delivery by, and enforceability against, CDK constitutes the valid and
     binding obligation of Consultant enforceable in accordance with its terms,
     subject to the qualifications that enforcement of the rights and remedies
     created hereby is subject to (i) bankruptcy, insolvency, reorganization,
     moratorium and other laws of general application affecting the rights and
     remedies of creditors, and (ii) general principles of equity (regardless of
     whether such enforcement is considered in a proceeding in equity or at
     law). No approval or consent of, or filing with, any governmental or
     regulatory body, and no approval or consent of, or filing with, any other
     person is required to be obtained by Consultant or in connection with the
     execution and

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     delivery by Consultant of this Agreement and consummation and performance
     by him of the transactions contemplated hereby. The execution, delivery and
     performance of this Agreement by Consultant and the consummation of the
     transactions contemplated hereby in accordance with the terms and
     conditions hereof by Consultant will not:

               (a) knowingly violate, conflict with or result in the breach of
          any of the material terms of, or constitute (or with notice or lapse
          of time or both would constitute) a material default under, any
          contract, lease, agreement or other instrument or obligation to which
          Consultant is a party or by or to which any of the properties and
          assets of Consultant may be bound or subject;

               (b) violate any order, judgment, injunction, award or decree of
          any court, arbitrator, governmental or regulatory body, by which
          either Consultant or the securities, assets, properties or business of
          Consultant is bound; or

               (c) knowingly violate any statute, law or regulation.

     4. NO ADMISSION. The parties agree that the execution of this Agreement is
     not an admission by any of them of liability with respect to damages.

     5. MISCELLANEOUS PROVISIONS.

          5.1 Severability. In the event that any provision of this Agreement is
     found to be illegal or unenforceable by any court or tribunal of competent
     jurisdiction, then to the extent that such provision may be made
     enforceable by amendment to or modification thereof, the Parties agree to
     make such amendment or modification so that the same shall be made valid
     and enforceable to the fullest extent permissible under existing law and
     public policies in the jurisdiction where enforcement is sought, and in the
     event that the Parties cannot so agree, such provision shall be modified by
     such court or tribunal to conform, to the fullest extent permissible under
     applicable law, to the intent of the Parties in a valid and enforceable
     manner, if possible and if not possible, then be stricken entirely from the
     Agreement by such court or tribunal and the remainder of this Agreement
     shall remain binding on the parties hereto.

          5.2 Amendment. No amendment or modification of the terms or conditions
     of this Agreement shall be valid unless in writing and signed by the party
     or parties to be bound thereby.

          5.3 Governing Law. This Agreement shall be interpreted, construed,
     governed and enforced according to the internal laws of the State of New
     York without regard to conflict or choice of law principles of New York or
     any other jurisdiction. This Agreement shall be executed in New York and is
     intended to be performed in New York. In the event of litigation arising
     out of this Agreement, the parties hereto consent to the personal
     jurisdiction of the State of New York, and agree to exclusively litigate
     said actions.

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          5.4 No Waiver. If any party to this Agreement fails to, or elects not
     to enforce any right or remedy to which it may be entitled hereunder or by
     law, such right or remedy shall not be waived, nor shall such nonaction be
     construed to confer a waiver as to any continued or future acts, nor shall
     any other right or remedy be waived as a result thereof. No right under
     this Agreement shall be waived except as evidenced by a written document
     signed by the party waiving such right, and any such waiver shall apply
     only to the act or acts expressly waived in said document.

          5.5 Counterparts. This Agreement may be executed in any number of
     counterparts, and each such counterpart will, for all purposes, be deemed
     an original instrument, but all such counterparts together will constitute
     but one and the same Agreement.

          5.6 Binding Agreement. This Agreement shall be binding upon and shall
     inure to the benefit of the parties hereto, and upon their respective
     heirs, successors, assigns and legal representatives.

          5.7 Counsel. Each of the parties hereto represents that it, she or he
     has consulted legal counsel in connection with this Agreement, or has been
     given full opportunity to review this Agreement with counsel of his, her or
     its choice prior to execution thereof and has elected not to seek such
     counsel. The parties hereto waive all claims that they were not adequately
     represented in connection with the negotiation, drafting and execution of
     this Agreement. Each party further agrees to bear its own costs and
     expenses, including attorneys' fees, in connection with the Action and this
     Agreement. If any Party initiates any legal action arising out of or in
     connection with enforcement of this Agreement, the prevailing Party in such
     legal action shall be entitled to recover from the other Party all
     reasonable attorneys' fees, expert witness fees and expenses incurred by
     the prevailing Party in connection therewith.

          5.8 Notices. All notices and demands permitted, required or provided
     for by this Agreement shall be made in writing, and shall be deemed
     adequately delivered if delivered by hand or by mailing the same via the
     United States Mail, prepaid certified or registered mail, return receipt
     requested, or by priority overnight courier for next business day delivery
     by a nationally recognized overnight courier service that regularly
     maintains records of its pick-ups and deliveries and has daily deliveries
     to the area to which the notice is sent, addressed to the parties at their
     respective addresses as shown below:

               Name                         Address
               ----                         -------

               To CDK:                      CDKnet.Com, Inc.
                                            948 US Highway 22
                                            North Plainfield, NJ 07060
                                            Attn: Oleg Logvinov, President
               Facsimile:                   (908) 769-0206

               With a Copy To:              Sommer & Schneider LLP
                                            595 Stewart Avenue, Suite 710
                                            Garden City, NY  11530
                                            Attn:  Herbert H. Sommer
               Facsimile:                   (516) 228-8211


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               To Consultant:               Investor Relations Services, Inc.
                                            120 Flagler Avenue
                                            New Smyrna Beach, FL  32169
                                            Attn: Richard J. Fixaris, President
               Facsimile:                   ______________________


          Notices delivered personally shall be deemed communicated as of the
     date of actual receipt. Notices mailed as set forth above shall be deemed
     communicated as of the date three (3) business days after mailing, and
     notices sent by overnight courier shall be deemed communicated as of the
     date one (1) business day after sending.

          5.9 Entire Agreement. This Agreement and the Exhibits hereto set forth
     the entire agreement and understanding of the parties hereto in respect of
     the subject matter contained herein, and supersedes all prior agreements,
     promises, understandings, letters of intent, covenants, arrangements,
     communications, representations or warranties, whether oral or written, by
     any party hereto or by any related or unrelated third party. All exhibits
     attached hereto, and all certificates, documents and other instruments
     delivered or to be delivered pursuant to the terms hereof are hereby
     expressly made a part of this Agreement, and all references herein to the
     terms "this Agreement", "hereunder", "herein", "hereby" or "hereto" shall
     be deemed to refer to this Agreement and to all such writings.

          5.10 Successors and Assigns. As used herein the term "the Parties"
     shall include their respective successors in interest, licensees or
     assigns.

          5.11 Documents. At the conclusion of the Action, each Party shall
     return to the other all documents and papers produced by the other in
     connection with the Action.

          5.12 Execution. Each person who signs this Agreement on behalf of a
     corporate entity represents and warrants that he has full and complete
     authority to execute this Agreement on behalf of such entity. Each party
     shall bear the fees and expenses of its counsel and its own out-of-pocket
     costs in connection with this Agreement.

          5.13 Captions. The captions appearing in this Agreement are for
     convenience only, and shall have no effect on the construction or
     interpretation of this Agreement.


                            [SIGNATURE PAGE FOLLOWS]


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     Executed by the Parties on this 25th day of January, 2005.


                                       CONSULTANT:

                                       INVESTOR RELATIONS SERVICES, INC.


                                       By: /s/ Richard J. Fixaris
                                           ---------------------------
                                           Richard J. Fixaris, President and CEO

                                       COMPANY:

                                       CDKNET.COM, INC.



                                       By: /s/ Oleg Logvinov
                                           ---------------------------
                                           Oleg Logvinov, President











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