Document:

Exhibit 10.3

THIS  WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE NOT
BEEN  REGIS-TERED  UNDER  THE  SECURITIES  ACT  OF  1933, AS AMENDED.  EXCEPT AS
OTHERWISE SET FORTH HEREIN OR IN A SECURITIES PURCHASE AGREEMENT DATED AS OF MAY
18,  2006,  NEITHER THIS WARRANT NOR ANY OF SUCH SHARES MAY BE SOLD, TRANSFERRED
OR  ASSIGNED  IN  THE  ABSENCE  OF AN EFFECTIVE REGISTRA-TION STATEMENT FOR SUCH
SECURITIES  UNDER  SAID  ACT  OR,  AN OPINION OF COUNSEL, IN FORM, SUBSTANCE AND
SCOPE,  CUSTOMARY  FOR  OPINIONS  OF  COUNSEL  IN  COMPARABLE TRANSACTIONS, THAT
REGISTRATION  IS NOT REQUIRED UNDER SUCH ACT OR UNLESS SOLD PURSUANT TO RULE 144
OR  REGULATION  S  UNDER  SUCH  ACT.

                                                                 Right  to
                                                                 Purchase
                                                                 253,750,000
                                                                 Shares  of
                                                                 Common  Stock,
                                                                 $.001 par value
                                                                 per  share

                             STOCK PURCHASE WARRANT

     THIS CERTIFIES THAT, for value received, DLC Capital, LLC or its registered
assigns,  is  entitled  to purchase from The World Golf League, Inc., a Delaware
corporation  (the "Company"), at any time or from time to time during the period
specified in Paragraph 2 hereof, 253,750,000 fully paid and nonassessable shares
of  the  Company's Common Stock, $.001 par value per share (the "Common Stock"),
at  an  exercise price per share equal to $.004 (the "Exercise Price"). The term
"Warrant  Shares,"  as  used  herein,  refers  to  the  shares  of  Common Stock
purchasable  hereunder. The Warrant Shares and the Exercise Price are subject to
adjustment  as  provided  in  Paragraph 4 hereof. The term "Warrants" means this
Warrant  and  the  other  warrants  issued  pursuant  to that certain Securities
Purchase  Agreement,  dated May 18, 2006, by and among the Company and the Buyer
(the  "Securities  Purchase  Agreement"),  including  any  additional  warrants
issuable  pursuant  to  Section  4(n)  thereof.

  This Warrant is subject to the following terms, provisions, and conditions:

     1.  MANNER  OF  EXERCISE;  ISSUANCE  OF  CERTIFICATES;  PAYMENT FOR SHARES.
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Subject  to  the  provisions hereof, this Warrant may be exercised by the holder
hereof,  in  whole or in part, by the surrender of this Warrant, together with a
completed  exercise  agreement  in  the  form  attached  hereto  (the  "Exercise
Agreement"),  to the Company during normal business hours on any business day at
the Company's principal executive offices (or such other office or agency of the
Company  as  it  may  designate  by  notice  to the holder hereof), and upon (i)
payment  to the Company in cash, by certified or offi-cial bank check or by wire

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transfer  for  the  account of the Company of the Exercise Price for the Warrant
Shares  specified in the Exercise Agreement or (ii) if the resale of the Warrant
Shares  by  the  holder  is  not  then  registered  pursuant  to  an  effective
registration  statement  under  the  Securities  Act  of  1933,  as amended (the
"Securities Act"), delivery to the Company of a written notice of an election to
effect a "Cashless Exercise" (as defined in Section 11(c) below) for the Warrant
Shares  specified  in  the  Exercise  Agreement. The Warrant Shares so purchased
shall  be deemed to be issued to the holder hereof or such holder's designee, as
the  record  owner  of  such  shares, as of the close of business on the date on
which this Warrant shall have been surrendered, the completed Exercise Agreement
shall  have been deliv-ered, and payment shall have been made for such shares as
set forth above. Certifi-cates for the Warrant Shares so purchased, representing
the  aggregate  number  of  shares specified in the Exercise Agreement, shall be
delivered to the holder hereof within a reasonable time, not exceeding three (3)
business days, after this Warrant shall have been so exercised. The certificates
so  delivered  shall  be in such denominations as may be requested by the holder
hereof  and shall be registered in the name of such holder or such other name as
shall  be  designated  by such holder. If this Warrant shall have been exercised
only  in  part, then, unless this Warrant has expired, the Company shall, at its
expense,  at  the time of delivery of such certificates, deliver to the holder a
new Warrant representing the number of shares with respect to which this Warrant
shall  not then have been exercised. In addition to all other available remedies
at  law  or  in  equity,  if  the  Company fails to deliver certificates for the
Warrant  Shares  within three (3) business days after this Warrant is exercised,
then the Company shall pay to the holder in cash a penalty (the "Penalty") equal
to  2% of the number of Warrant Shares that the holder is entitled to multiplied
by the Market Price (as hereinafter defined) for each day that the Company fails
to  deliver  certificates  for the Warrant Shares. For example, if the holder is
entitled  to  100,000  Warrant  Shares  and  the Market Price is $2.00, then the
Company  shall  pay  to the holder $4,000 for each day that the Company fails to
deliver  certificates  for  the Warrant Shares. The Penalty shall be paid to the
holder  by  the  fifth  day  of  the  month  following the month in which it has
accrued.

     Notwithstanding anything in this Warrant to the contrary, in no event shall
the  holder  of  this  Warrant  be entitled to exercise a number of Warrants (or
portions thereof) in excess of the number of Warrants (or portions thereof) upon
exercise  of  which  the  sum  of  (i)  the  number  of  shares  of Common Stock
beneficially owned by the holder and its affiliates (other than shares of Common
Stock  which  may  be  deemed  beneficially  owned  through the ownership of the
unexercised  Warrants  and  the  unexercised or unconverted portion of any other
securities  of  the  Company  (including the Notes (as defined in the Securities
Purchase Agreement)) subject to a limitation on conversion or exercise analogous
to  the  limitation  contained  herein)  and (ii) the number of shares of Common
Stock  issuable upon exercise of the Warrants (or portions thereof) with respect
to  which  the  determination  described  herein  is being made, would result in
beneficial  ownership by the holder and its affiliates of more than 4.99% of the
outstanding  shares  of  Common Stock. For purposes of the immediately preceding
sentence,  beneficial  ownership  shall be determined in accordance with Section
13(d)  of  the Securities Exchange Act of 1934, as amended, and Regulation 13D-G
thereunder,  except  as  otherwise  provided  in  clause  (i)  of  the preceding
sentence.  Notwithstanding  anything  to  the  contrary  contained  herein,  the
limitation  on  exercise  of  this  Warrant  set forth herein may not be amended
without  (i)  the  written consent of the holder hereof and the Company and (ii)
the  approval  of  a  majority  of  shareholders  of  the  Company.

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     2. PERIOD OF EXERCISE. This Warrant is exercisable at any time or from time
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to  time  on  or  after  the  date on which this Warrant is issued and delivered
pursuant to the terms of the Securities Purchase Agreement and before 6:00 p.m.,
New  York,  New York time on the third (3rd) anniversary of the date of issuance
(the  "Exercise  Period").

     3.  CERTAIN  AGREEMENTS  OF  THE  COMPANY. The Company hereby covenants and
         -------------------------------------
agrees  as  follows:

          (A) SHARES TO BE FULLY PAID. All Warrant Shares will, upon issuance in
              -----------------------
     accordance  with  the terms of this Warrant, be validly issued, fully paid,
     and  nonassessable and free from all taxes, liens, and charges with respect
     to  the  issue  thereof.

          (B)  RESERVATION  OF  SHARES.  During the Exercise Period, the Company
               -----------------------
     shall  at  all  times  have  authorized,  and  reserved  for the purpose of
     issuance  upon  exercise of this Warrant, a suf-ficient number of shares of
     Common  Stock  to  provide  for  the  exercise  of  this  Warrant.

          (C)  LISTING.  The  Company  shall  promptly secure the listing of the
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     shares  of  Common  Stock  issuable  upon exercise of the Warrant upon each
     national  securities  exchange  or automated quotation system, if any, upon
     which shares of Common Stock are then listed (subject to official notice of
     issuance  upon exercise of this Warrant) and shall maintain, so long as any
     other shares of Common Stock shall be so listed, such listing of all shares
     of  Common  Stock  from  time  to  time  issuable upon the exercise of this
     Warrant; and the Company shall so list on each national securities exchange
     or  automated quotation system, as the case may be, and shall maintain such
     listing  of, any other shares of capital stock of the Company issuable upon
     the exercise of this Warrant if and so long as any shares of the same class
     shall be listed on such national securities exchange or automated quotation
     system.

          (D)  CERTAIN ACTIONS PROHIBITED. The Company will not, by amendment of
               --------------------------
     its  charter  or  through  any  re-organi-zation,  transfer  of  assets,
     consolidation,  mer-ger,  dissolution,  issue or sale of securities, or any
     other  voluntary  action,  avoid  or  seek  to  avoid  the  observance  or
     performance  of  any  of  the  terms  to  be  observed  or  performed by it
     hereunder,  but  will at all times in good faith assist in the carrying out
     of  all the provisions of this Warrant and in the taking of all such action
     as  may  reasonably  be requested by the holder of this Warrant in order to
     protect  the  exercise  privilege  of  the  holder  of this Warrant against
     dilu-tion  or  other  impairment,  consistent with the tenor and purpose of
     this  Warrant.  Without  limiting  the  general-ity  of  the foregoing, the
     Company  (i)  will not increase the par value of any shares of Common Stock
     receivable  upon the exercise of this Warrant above the Exercise Price then
     in  effect,  and  (ii)  will  take  all such actions as may be necessary or
     appropriate  in  order that the Company may validly and legally issue fully
     paid  and  nonassessable  shares  of Common Stock upon the exercise of this
     Warrant.

          (E)  SUCCESSORS  AND  ASSIGNS.  This  Warrant will be binding upon any
               ------------------------
     entity  succeeding  to the Company by merger, consolidation, or acquisition
     of  all  or  sub-stantially  all  the  Company's  assets.

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     4. ANTIDILUTION PROVISIONS.  During the Exercise Period, the Exercise Price
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and  the  number  of  Warrant Shares shall be subject to adjustment from time to
time  as  provided  in  this  Paragraph  4.

In  the  event  that  any  adjustment  of  the Exercise Price as required herein
results  in a fraction of a cent, such Exercise Price shall be rounded up to the
nearest  cent.

          (A) ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF SHARES UPON ISSUANCE OF
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     COMMON  STOCK.  Except  as  otherwise  provided in Paragraphs 4(c) and 4(e)
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     hereof,  if  and whenever on or after the date of issuance of this Warrant,
     the Company issues or sells, or in accordance with Paragraph 4(b) hereof is
     deemed  to  have  issued  or  sold,  any  shares  of  Common  Stock  for no
     consideration  or  for  a  consideration  per  share  (before  deduction of
     reasonable  expenses or commissions or underwriting discounts or allowances
     in  connection  therewith)  less  than  the  Exercise  Price on the date of
     issuance  (a  "Dilutive  Issuance"),  then  immediately  upon  the Dilutive
     Issuance, the Exercise Price will be reduced to the consideration per share
     of  the  common  stock  issued  in  the  Dilutive  Issuance.

          (B)  EFFECT  ON  EXERCISE  PRICE  OF  CERTAIN  EVENTS. For purposes of
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     determining  the  adjusted  Exercise Price under Paragraph 4(a) hereof, the
     following  will  be  applicable:

               (I)  ISSUANCE  OF RIGHTS OR OPTIONS. If the Company in any manner
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          issues  or  grants  any  warrants,  rights  or options, whether or not
          immediately  exercisable, to subscribe for or to purchase Common Stock
          or  other securities convertible into or exchangeable for Common Stock
          ("Convertible  Securities")  (such  warrants,  rights  and  options to
          purchase  Common  Stock  or  Convertible  Securities  are  hereinafter
          referred  to  as  "Options")  and the price per share for which Common
          Stock  is  issuable upon the exercise of such Options is less than the
          Exercise  Price on the date of issuance or grant of such Options, then
          the  maximum  total number of shares of Common Stock issuable upon the
          exercise  of  all such Options will, as of the date of the issuance or
          grant  of  such  Options, be deemed to be outstanding and to have been
          issued  and sold by the Company for such price per share. For purposes
          of the preceding sentence, the "price per share for which Common Stock
          is  issuable  upon  the  exercise  of  such  Options" is determined by
          dividing  (i)  the total amount, if any, received or receivable by the
          Company  as  consideration  for  the  issuance or granting of all such
          Options,  plus  the  minimum  aggregate  amount  of  additional
          consideration, if any, payable to the Company upon the exercise of all
          such  Options,  plus,  in  the case of Convertible Securities issuable
          upon  the  exercise  of  such Options, the minimum aggregate amount of
          additional  consideration  payable  upon  the  conversion  or exchange
          thereof  at  the  time  such  Convertible  Securities  first  become
          convertible  or  exchangeable,  by  (ii)  the  maximum total number of
          shares  of Common Stock issuable upon the exercise of all such Options
          (assuming  full  conversion of Convertible Securities, if applicable).
          No  further  adjustment  to  the  Exercise Price will be made upon the
          actual issuance of such Common Stock upon the exercise of such Options
          or  upon the conversion or exchange of Convertible Securities issuable
          upon  exercise  of  such  Options.

               (II)  ISSUANCE  OF  CONVERTIBLE SECURITIES. If the Company in any
                     ------------------------------------
          manner  issues  or  sells  any  Convertible Securities, whether or not
          immediately  convertible  (other than where the same are issuable upon
          the  exercise  of  Options)  and  the price per share for which Common
          Stock  is  issuable  upon such conversion or exchange is less than the
          Exercise  Price on the date of issuance, then the maximum total number

<PAGE>

          of  shares of Common Stock issuable upon the conversion or exchange of
          all  such  Convertible Securities will, as of the date of the issuance
          of  such  Convertible  Securities,  be deemed to be outstanding and to
          have been issued and sold by the Company for such price per share. For
          the purposes of the preceding sentence, the "price per share for which
          Common  Stock  is  issuable  upon  such  conversion  or  exchange"  is
          determined  by  dividing  (i)  the  total  amount, if any, received or
          receivable by the Company as consideration for the issuance or sale of
          all  such Convertible Securities, plus the minimum aggregate amount of
          additional  consideration,  if  any,  payable  to the Company upon the
          conversion or exchange thereof at the time such Convertible Securities
          first  become  convertible  or exchangeable, by (ii) the maximum total
          number  of  shares  of  Common  Stock  issuable upon the conversion or
          exchange  of all such Convertible Securities. No further adjustment to
          the  Exercise  Price  will  be  made  upon the actual issuance of such
          Common  Stock  upon  conversion  or  exchange  of  such  Convertible
          Securities.

               (III)  CHANGE  IN  OPTION PRICE OR CONVERSION RATE. If there is a
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          change  at  any  time  in  (i)  the amount of additional consideration
          payable  to  the  Company  upon  the exercise of any Options; (ii) the
          amount  of  additional  consideration,  if any, payable to the Company
          upon  the  conversion  or  exchange  of any Convertible Securities; or
          (iii)  the  rate  at  which any Convertible Securities are convertible
          into  or  exchangeable for Common Stock (other than under or by reason
          of  provisions  designed  to  protect  against dilution), the Exercise
          Price  in  effect at the time of such change will be readjusted to the
          Exercise  Price  which would have been in effect at such time had such
          Options  or Convertible Securities still outstanding provided for such
          changed  additional  consideration  or changed conversion rate, as the
          case  may  be,  at  the  time  initially  granted,  issued  or  sold.

               (IV)  TREATMENT  OF  EXPIRED  OPTIONS AND UNEXERCISED CONVERTIBLE
                     -----------------------------------------------------------
          SECURITIES.  If,  in  any  case,  the total number of shares of Common
          ----------
          Stock  issuable  upon  exercise  of  any  Option or upon conversion or
          exchange of any Convertible Securities is not, in fact, issued and the
          rights  to  exercise  such  Option  or  to  convert  or  exchange such
          Convertible  Securities shall have expired or terminated, the Exercise
          Price  then  in  effect will be readjusted to the Exercise Price which
          would  have  been  in  effect  at  the  time  of  such  expiration  or
          termination  had  such Option or Convertible Securities, to the extent
          outstanding immediately prior to such expiration or termination (other
          than  in respect of the actual number of shares of Common Stock issued
          upon  exercise  or  conversion  thereof),  never  been  issued.

               (V)  CALCULATION  OF CONSIDERATION RECEIVED. If any Common Stock,
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          Options  or  Convertible  Securities  are  issued, granted or sold for
          cash, the consideration received therefor for purposes of this Warrant
          will  be the amount received by the Company therefor, before deduction
          of  reasonable  commissions,  underwriting  discounts or allowances or
          other  reasonable  expenses  paid  or  incurred  by  the  Company  in
          connection  with  such  issuance,  grant  or  sale. In case any Common
          Stock,  Options  or  Convertible  Securities  are issued or sold for a
          consideration  part  or  all  of  which  shall be other than cash, the
          amount  of  the  consideration other than cash received by the Company
          will  be  the  fair  value  of  such  consideration, except where such
          consideration  consists  of  securities,  in  which case the amount of
          consideration received by the Company will be the Market Price thereof
          as  of  the  date  of  receipt.  In  case any Common Stock, Options or
          Convertible  Securities are issued in connection with any acquisition,
          merger  or  consolidation  in  which  the  Company  is  the  surviving
          corporation, the amount of consideration therefor will be deemed to be
          the  fair  value of such portion of the net assets and business of the

<PAGE>

          non-surviving  corporation  as  is  attributable to such Common Stock,
          Options  or Convertible Securities, as the case may be. The fair value
          of  any consideration other than cash or securities will be determined
          in  good  faith  by  the  Board  of  Directors  of  the  Company.

               (VI) EXCEPTIONS TO ADJUSTMENT OF EXERCISE PRICE. No adjustment to
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          the Exercise Price will be made (i) upon the exercise of any warrants,
          options  or  convertible securities granted, issued and outstanding on
          the  date of issuance of this Warrant; (ii) upon the grant or exercise
          of  any  stock  or options which may hereafter be granted or exercised
          under any employee benefit plan, stock option plan or restricted stock
          plan  of  the Company now existing or to be implemented in the future,
          so  long  as  the  issuance  of such stock or options is approved by a
          majority  of  the independent members of the Board of Directors of the
          Company  or  a  majority  of the members of a committee of independent
          directors  established for such purpose; or (iii) upon the exercise of
          the  Warrants.

          (C)  SUBDIVISION OR COMBINATION OF COMMON STOCK. If the Company at any
               ------------------------------------------
     time  subdivides  (by  any  stock  split, stock dividend, recapitalization,
     reorganization,  reclassification  or otherwise) the shares of Common Stock
     acquirable  hereunder into a greater number of shares, then, after the date
     of  record  for  effecting  such  subdivision, the Exercise Price in effect
     immediately  prior  to such subdivision will be proportionately reduced. If
     the Company at any time combines (by reverse stock split, recapitalization,
     reorganization,  reclassification  or otherwise) the shares of Common Stock
     acquirable  hereunder into a smaller number of shares, then, after the date
     of  record  for  effecting  such  combination, the Exercise Price in effect
     immediately  prior  to  such combination will be proportionately increased.

          (D)  ADJUSTMENT  IN  NUMBER  OF  SHARES.  Upon  each adjustment of the
               ----------------------------------
     Exercise  Price  pursuant to the provisions of this Paragraph 4, the number
     of  shares  of Common Stock issuable upon exercise of this Warrant shall be
     adjusted  by  multiplying  a  number  equal to the Exercise Price in effect
     immediately  prior  to  such  adjustment  by the number of shares of Common
     Stock  issuable  upon  exercise  of  this Warrant immediately prior to such
     adjustment  and  dividing  the product so obtained by the adjusted Exercise
     Price.

          (E) CONSOLIDATION, MERGER OR SALE. In case of any consolidation of the
              -----------------------------
     Company  with,  or  merger of the Company into any other corporation, or in
     case of any sale or conveyance of all or substantially all of the assets of
     the Company other than in connection with a plan of complete liquidation of
     the  Company,  then as a condition of such consolidation, merger or sale or
     conveyance,  adequate  provision  will  be  made whereby the holder of this
     Warrant  will  have  the right to acquire and receive upon exercise of this
     Warrant  in  lieu  of  the  shares  of Common Stock immediately theretofore
     acquirable  upon  the  exercise  of  this  Warrant,  such  shares of stock,
     securities  or  assets  as  may  be issued or payable with respect to or in
     exchange  for  the number of shares of Common Stock immediately theretofore
     acquirable  and  receivable  upon  exercise  of  this  Warrant  had  such
     consolidation,  merger  or  sale or conveyance not taken place. In any such
     case,  the  Company  will  make  appropriate  provision  to insure that the
     provisions  of  this  Paragraph  4  hereof will thereafter be applicable as
     nearly  as  may  be  in  relation  to  any  shares  of  stock or securities
     thereafter  deliverable upon the exercise of this Warrant. The Company will
     not  effect any consolidation, merger or sale or conveyance unless prior to
     the  consummation  thereof,  the  successor  corporation (if other than the
     Company)  assumes  by  written  instrument

<PAGE>

     the  obligations  under  this  Paragraph  4  and the obligations to deliver
     to  the  holder  of this Warrant such shares of stock, securities or assets
     as, in accordance with the foregoing provisions, the holder may be entitled
     to  acquire.

          (F)  DISTRIBUTION OF ASSETS. In case the Company shall declare or make
               ----------------------
     any  distribution of its assets (including cash) to holders of Common Stock
     as  a  partial  liquidating  dividend,  by  way  of  return  of  capital or
     otherwise,  then,  after  the  date  of record for determining shareholders
     entitled  to  such distribution, but prior to the date of distribution, the
     holder  of this Warrant shall be entitled upon exercise of this Warrant for
     the purchase of any or all of the shares of Common Stock subject hereto, to
     receive  the  amount  of  such  assets which would have been payable to the
     holder  had  such  holder been the holder of such shares of Common Stock on
     the  record  date  for  the  determination of shareholders entitled to such
     distribution.

          (G)  NOTICE  OF  ADJUSTMENT.  Upon  the  occurrence of any event which
               ----------------------
     requires any adjustment of the Exercise Price, then, and in each such case,
     the  Company shall give notice thereof to the holder of this Warrant, which
     notice  shall  state  the Exercise Price resulting from such adjustment and
     the  increase  or  decrease  in the number of Warrant Shares purchasable at
     such  price upon exercise, setting forth in reasonable detail the method of
     calculation  and  the  facts  upon  which  such  calculation is based. Such
     calculation  shall  be  certified  by  the  Chief  Financial Officer of the
     Company.

          (H)  MINIMUM  ADJUSTMENT  OF  EXERCISE  PRICE.  No  adjustment  of the
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     Exercise  Price  shall be made in an amount of less than 1% of the Exercise
     Price  in  effect  at  the time such adjustment is otherwise required to be
     made,  but any such lesser adjustment shall be carried forward and shall be
     made  at  the  time and together with the next subsequent adjustment which,
     together  with any adjustments so carried forward, shall amount to not less
     than  1%  of  such  Exercise  Price.

          (I)  NO FRACTIONAL SHARES. No fractional shares of Common Stock are to
               --------------------
     be  issued  upon  the exercise of this Warrant, but the Company shall pay a
     cash adjustment in respect of any fractional share which would otherwise be
     issuable  in  an amount equal to the same fraction of the Market Price of a
     share  of  Common  Stock  on  the  date  of  such  exercise.

          (J)  OTHER  NOTICES.  In  case  at  any  time:
               --------------

               (I)  the Company shall declare any dividend upon the Common Stock
          payable in shares of stock of any class or make any other distribution
          (including  dividends or distributions payable in cash out of retained
          earnings)  to  the  holders  of  the  Common  Stock;

               (II)  the  Company  shall  offer for subscription pro rata to the
          holders  of  the  Common  Stock  any additional shares of stock of any
          class  or  other  rights;

               (III)  there shall be any capital reorganiza-tion of the Company,
          or reclassification of the Common Stock, or consolidation or merger of
          the  Company  with  or  into, or sale of all or substan-tially all its
          assets  to,  another  corporation  or  entity;  or

               (IV)  there  shall  be  a  voluntary or involun-tary dissolution,
          liquidation  or  winding  up  of  the  Company;  then,  in  each  such

<PAGE>

          case,  the  Company  shall  give  to  the  holder  of this Warrant (a)
          notice  of the date on which the books of the Company shall close or a
          record  shall  be  taken  for  determining the holders of Common Stock
          entitled  to receive any such divi-dend, distribution, or subscription
          rights or for determining the holders of Common Stock entitled to vote
          in  respect  of  any  such  reorganization,  reclassification,
          consolidation,  merger,  sale,  dissolution, liquidation or winding-up
          and  (b)  in  the  case  of any such reorganization, reclassification,
          consolidation,  merger,  sale, dissolution, liquidation or winding-up,
          notice  of the date (or, if not then known, a reasonable approximation
          thereof  by  the  Company) when the same shall take place. Such notice
          shall also specify the date on which the holders of Common Stock shall
          be  entitled  to  receive such dividend, distribution, or subscription
          rights or to exchange their Common Stock for stock or other securities
          or  property  deliverable upon such reorganization, re-classification,
          consolidation,  merger, sale, dissolution, liquidation, or winding-up,
          as  the case may be. Such notice shall be given at least 30 days prior
          to the record date or the date on which the Company's books are closed
          in  respect  thereto.  Failure  to  give any such notice or any defect
          therein  shall  not affect the validity of the proceedings referred to
          in  clauses  (i),  (ii),  (iii)  and  (iv)  above.

          (K)  CERTAIN  EVENTS.  If any event occurs of the type contemplated by
               ---------------
     the  adjustment  provisions  of this Paragraph 4 but not expressly provided
     for  by  such  provisions,  the  Company  will give notice of such event as
     provided  in  Paragraph  4(g)  hereof, and the Company's Board of Directors
     will make an appropriate adjustment in the Exercise Price and the number of
     shares of Common Stock acquirable upon exercise of this Warrant so that the
     rights  of  the  holder  shall  be  neither enhanced nor diminished by such
     event.

          (L)  CERTAIN  DEFINITIONS.
               --------------------

               (I)  "COMMON  STOCK  DEEMED OUTSTANDING" shall mean the number of
                     ---------------------------------
          shares  of  Common Stock actually outstanding (not including shares of
          Common  Stock  held in the treasury of the Company), plus (x) pursuant
          to  Paragraph  4(b)(i)  hereof,  the maximum total number of shares of
          Common  Stock issuable upon the exercise of Options, as of the date of
          such  issuance  or  grant of such Options, if any, and (y) pursuant to
          Paragraph  4(b)(ii)  hereof,  the  maximum  total  number of shares of
          Common  Stock  issuable  upon  conversion  or  exchange of Convertible
          Securities, as of the date of issuance of such Convertible Securities,
          if  any.

               (II) "MARKET PRICE," as of any date, (i) means the average of the
                     ------------
          last  reported sale prices for the shares of Common Stock on the OTCBB
          for  the  five  (5)  Trading  Days  immediately preceding such date as
          reported  by  Bloomberg,  or  (ii)  if  the OTCBB is not the principal
          trading market for the shares of Common Stock, the average of the last
          reported  sale  prices  on the principal trading market for the Common
          Stock  during  the  same  period as reported by Bloomberg, or (iii) if
          market  value  cannot  be  calculated  as  of  such date on any of the
          foregoing  bases,  the  Market Price shall be the fair market value as
          reasonably  determined  in good faith by (a) the Board of Directors of
          the  Company or, at the option of the holder of the Warrants by (b) an
          independent  investment  bank of nationally recognized standing in the
          valuation  of  businesses  similar to the business of the corporation.
          The  manner  of  determining  the Market Price of the Common Stock set
          forth  in  the  foregoing  definition  shall apply with respect to any
          other  security in respect of which a determination as to market value
          must  be  made  hereunder.

<PAGE>

               (III)  "COMMON STOCK," for purposes of this Paragraph 4, includes
                       ------------
          the  Common Stock, par value $.001 per share, and any additional class
          of  stock  of  the  Company  having  no  preference as to dividends or
          distributions  on  liquidation,  provided  that the shares purchasable
          pursuant  to  this  Warrant shall include only shares of Common Stock,
          par  value  $.001  per  share,  in  respect  of  which this Warrant is
          exercisable,  or  shares resulting from any subdivision or combination
          of  such  Common  Stock,  or  in  the  case  of  any  reorganization,
          reclassification,  consolidation,  merger,  or  sale  of the character
          referred to in Paragraph 4(e) hereof, the stock or other securities or
          property  provided  for  in  such  Paragraph.

     5.  ISSUE  TAX.  The  issuance  of certificates for Warrant Shares upon the
         ----------
exercise  of  this  Warrant  shall  be made without charge to the holder of this
Warrant  or  such shares for any issuance tax or other costs in respect thereof,
provided  that  the  Company  shall  not be required to pay any tax which may be
payable  in respect of any transfer involved in the issuance and delivery of any
certificate  in  a  name  other  than  the  holder  of  this  Warrant.

     6.  NO  RIGHTS  OR  LIABILITIES  AS  A  SHAREHOLDER. This Warrant shall not
         -----------------------------------------------
entitle  the holder hereof to any voting rights or other rights as a shareholder
of  the  Company.  No  provision  of this Warrant, in the absence of affirmative
action  by the holder hereof to purchase Warrant Shares, and no mere enumeration
herein  of the rights or privileges of the holder hereof, shall give rise to any
liability  of  such  holder  for  the  Exercise Price or as a shareholder of the
Company,  whether  such  liability is asserted by the Company or by creditors of
the  Company.

     7.  TRANSFER,  EXCHANGE,  AND  REPLACEMENT  OF  WARRANT.
         ---------------------------------------------------

          (A)  RESTRICTION  ON  TRANSFER. This Warrant and the rights granted to
               -------------------------
     the  holder hereof are transferable, in whole or in part, upon surrender of
     this  Warrant,  together  with  a  properly executed assignment in the form
     attached  hereto,  at  the  office  or agency of the Company referred to in
     Paragraph  7(e)  below, pro-vided, however, that any transfer or assignment
     shall  be  subject to the conditions set forth in Paragraph 7(f) hereof and
     to  the  applicable  provisions of the Securities Purchase Agreement. Until
     due  presentment  for registration of transfer on the books of the Company,
     the  Company may treat the registered holder hereof as the owner and holder
     hereof  for  all  purposes,  and  the  Company shall not be affected by any
     notice to the con-trary. Notwithstanding anything to the contrary contained
     herein,  the  registration  rights  described in Paragraph 8 are assignable
     only  in accordance with the provisions of that certain Registration Rights
     Agreement,  dated December 28, 2005, by and among the Company and the other
     signatories  thereto  (the  "Registration  Rights  Agreement").

          (B) WARRANT EXCHANGEABLE FOR DIFFERENT DENOMINA-TIONS. This Warrant is
              -------------------------------------------------
     exchange-able, upon the surrender hereof by the holder hereof at the office
     or  agency  of  the  Company  referred  to in Paragraph 7(e) below, for new
     Warrants  of like tenor representing in the aggregate the right to purchase
     the number of shares of Common Stock which may be purchased hereunder, each
     of  such  new  Warrants  to  represent the right to purchase such number of
     shares  as  shall  be  designated  by the holder hereof at the time of such
     surrender.

          (C)  REPLACEMENT  OF  WARRANT.  Upon  receipt  of evi-dence reasonably
               ------------------------
     satisfactory  to the Company of the loss, theft, destruction, or mutilation
     of  this Warrant and, in the case of any such loss, theft, or destruc-tion,
     upon  delivery  of  an  indemnity  agreement  reason-ably

<PAGE>

     satisfactory  in  form  and  amount  to the Company, or, in the case of any
     such  mutilation,  upon  surrender  and  cancellation  of this Warrant, the
     Company,  at  its expense, will execute and deliver, in lieu thereof, a new
     Warrant  of  like  tenor.

          (D)  CANCELLATION;  PAYMENT  OF  EXPENSES.  Upon the surrender of this
               ------------------------------------
     Warrant  in  connection  with  any  trans-fer,  exchange, or replacement as
     provided  in  this  Paragraph 7, this Warrant shall be promptly canceled by
     the  Company.  The  Company  shall  pay  all  taxes  (other than securities
     transfer  taxes) and all other expenses (other than legal expenses, if any,
     incurred  by  the  holder or transferees) and charges payable in connection
     with  the preparation, execution, and delivery of Warrants pursuant to this
     Paragraph  7.

          (E)  REGISTER.  The Company shall maintain, at its principal executive
               --------
     offices  (or such other office or agency of the Company as it may designate
     by  notice to the holder hereof), a register for this Warrant, in which the
     Company  shall record the name and address of the person in whose name this
     Warrant has been issued, as well as the name and address of each transferee
     and  each  prior  owner  of  this  Warrant.

          (F)  EXERCISE OR TRANSFER WITHOUT REGISTRATION. If, at the time of the
               -----------------------------------------
     surrender  of  this  Warrant  in connection with any exercise, transfer, or
     exchange  of  this  Warrant, this Warrant (or, in the case of any exercise,
     the  Warrant  Shares issuable hereunder), shall not be registered under the
     Securities  Act  of  1933,  as  amended  (the  "Securities  Act") and under
     applicable state securities or blue sky laws, the Company may require, as a
     condition  of  allowing  such exercise, transfer, or exchange, (i) that the
     holder  or  transferee  of this Warrant, as the case may be, furnish to the
     Company  a  written  opinion  of  counsel,  which  opinion  and counsel are
     acceptable  to  the Company, to the effect that such exercise, transfer, or
     exchange  may  be  made  without  registration  under  said  Act  and under
     applicable  state  securities  or  blue  sky  laws, (ii) that the holder or
     transferee  execute and deliver to the Company an investment letter in form
     and substance acceptable to the Company and (iii) that the transferee be an
     "accredited  investor"  as  defined  in  Rule  501(a) promulgated under the
     Securities  Act;  provided  that  no  such  opinion, letter or status as an
     "accredited  investor"  shall  be  required  in  connection with a transfer
     pursuant  to  Rule  144  under the Securities Act. The first holder of this
     Warrant,  by  taking  and  holding the same, represents to the Company that
     such holder is acquiring this Warrant for investment and not with a view to
     the  distribution  thereof.

     8.  REGISTRATION  RIGHTS.  The  initial holder of this Warrant (and certain
         --------------------
assignees  thereof)  is  entitled  to the benefit of such registration rights in
respect  of the Warrant Shares as are set forth in Section 2 of the Registration
Rights  Agreement.

<PAGE>

     9.  NOTICES.  All  notices,  requests, and other communications required or
         -------
permitted to be given or delivered hereunder to the holder of this Warrant shall
be  in writing, and shall be personally delivered, or shall be sent by certified
or  registered mail or by recognized overnight mail courier, postage prepaid and
addressed,  to  such holder at the address shown for such holder on the books of
the  Company,  or  at  such  other  address  as shall have been furnished to the
Company  by  notice  from  such  holder.  All  notices,  requests,  and  other
communications  required  or permitted to be given or delivered hereunder to the
Company shall be in writing, and shall be personally delivered, or shall be sent
by certified or registered mail or by recognized overnight mail courier, postage
prepaid and addressed, to the office of the Company at 258 East Altamonte Drive,
Altamonte Springs, Florida 32701, Attention: Chief Executive Officer, or at such
other  address  as  shall  have  been furnished to the holder of this Warrant by
notice from the Company. Any such notice, request, or other communication may be
sent by facsimile, but shall in such case be subsequently confirmed by a writing
personally  delivered  or  sent by certified or registered mail or by recognized
overnight  mail  courier  as  provided  above.  All notices, requests, and other
communications  shall  be  deemed  to  have been given either at the time of the
receipt thereof by the person entitled to re-ceive such notice at the address of
such  person  for  purposes  of this Paragraph 9, or, if mailed by registered or
certified mail or with a recognized overnight mail courier upon deposit with the
United  States Post Office or such overnight mail courier, if postage is prepaid
and  the  mailing  is  properly  addressed,  as  the  case  may  be.

     10.  GOVERNING  LAW.  THIS  WARRANT  SHALL  BE  ENFORCED,  GOVERNED  BY AND
          --------------
CONSTRUED  IN  ACCORDANCE  WITH  THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS  MADE  AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD
TO  THE  PRINCIPLES OF CONFLICT OF LAWS. THE PARTIES HERETO HEREBY SUBMIT TO THE
EXCLUSIVE  JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN NEW YORK,
NEW  YORK WITH RESPECT TO ANY DISPUTE ARISING UNDER THIS WARRANT, THE AGREEMENTS
ENTERED  INTO  IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY.  BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO
THE  MAINTENANCE  OF  SUCH  SUIT  OR PROCEEDING. BOTH PARTIES FURTHER AGREE THAT
SERVICE  OF  PROCESS  UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE DEEMED IN
EVERY  RESPECT  EFFECTIVE  SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH SUIT OR
PROCEEDING. NOTHING HEREIN SHALL AFFECT EITHER PARTY'S RIGHT TO SERVE PROCESS IN
ANY  OTHER  MANNER  PERMITTED  BY  LAW.  BOTH  PARTIES  AGREE  THAT  A  FINAL
NON-APPEALABLE  JUDGMENT  IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND
MAY  BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY OTHER
LAWFUL  MANNER.  THE  PARTY  WHICH DOES NOT PREVAIL IN ANY DISPUTE ARISING UNDER
THIS  WARRANT  SHALL  BE  RESPONSIBLE  FOR  ALL  FEES  AND  EXPENSES,  INCLUDING
ATTORNEYS'  FEES,  INCURRED  BY  THE  PREVAILING  PARTY  IN CONNECTION WITH SUCH
DISPUTE.

<PAGE>

     11.  MISCELLANEOUS.
          -------------

          (A)  AMENDMENTS.  This  Warrant  and  any provision hereof may only be
               ----------
     amended  by  an  instrument in writing signed by the Company and the holder
     hereof.

          (B)  DESCRIPTIVE  HEADINGS.  The  descriptive  headings of the several
               ---------------------
     paragraphs  of  this  Warrant are in-serted for purposes of reference only,
     and  shall  not affect the meaning or construction of any of the provisions
     hereof.

          (C)  CASHLESS  EXERCISE.  Notwithstanding  anything  to  the  contrary
               ------------------
     contained  in  this  Warrant,  if  the  resale of the Warrant Shares by the
     holder  is  not  then  registered  pursuant  to  an  effective registration
     statement  under  the  Securities  Act,  this  Warrant  may be exercised by
     presentation  and surrender of this Warrant to the Company at its principal
     executive offices with a written notice of the holder's intention to effect
     a  cashless  exercise,  including  a calculation of the number of shares of
     Common  Stock  to be issued upon such exercise in accordance with the terms
     hereof  (a  "Cashless  Exercise").  In the event of a Cashless Exercise, in
     lieu  of paying the Exercise Price in cash, the holder shall surrender this
     Warrant for that number of shares of Common Stock determined by multiplying
     the  number  of Warrant Shares to which it would otherwise be entitled by a
     fraction,  the  numerator of which shall be the difference between the then
     current  Market Price per share of the Common Stock and the Exercise Price,
     and  the  denominator  of  which shall be the then current Market Price per
     share  of  Common  Stock.  For example, if the holder is exercising 100,000
     Warrants  with  a  per  Warrant exercise price of $0.75 per share through a
     cashless exercise when the Common Stock's current Market Price per share is
     $2.00  per  share, then upon such Cashless Exercise the holder will receive
     62,500  shares  of  Common  Stock.

          (D)  REMEDIES.  The  Company  acknowledges  that a breach by it of its
               --------
     obligations  hereunder  will  cause  irreparable  harm  to  the  holder, by
     vitiating  the  intent  and purpose of the transaction contemplated hereby.
     Accordingly,  the  Company acknowledges that the remedy at law for a breach
     of its obligations under this Warrant will be inadequate and agrees, in the
     event  of a breach or threatened breach by the Company of the provisions of
     this  Warrant,  that the holder shall be entitled, in addition to all other
     available  remedies  at  law or in equity, and in addition to the penalties
     assessable  herein, to an injunction or injunctions restraining, preventing
     or  curing any breach of this Warrant and to enforce specifically the terms
     and  provisions thereof, without the necessity of showing economic loss and
     without  any  bond  or  other  security  being  required.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

     IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by its
duly  authorized  officer.

                                   THE  WORLD  GOLF  LEAGUE,  INC.

                                   By: /s/ Michael S. Pagnano
                                      ----------------------------
                                        Michael  S.  Pagnano
                                        Chief  Executive  Officer

Dated as of May 18, 2006

<PAGE>

                           FORM OF EXERCISE AGREEMENT

                                             Dated:              , 200
                                                   --------------     ---

To:
   -------------------------

     The  undersigned,  pursuant  to  the  provisions  set  forth  in the within
Warrant,  hereby  agrees  to purchase ________ shares of Common Stock covered by
such  Warrant,  and  makes  pay-ment  herewith in full therefor at the price per
share provided by such Warrant in cash or by certified or official bank check in
the  amount of, or, if the resale of such Common Stock by the undersigned is not
currently  registered  pursuant to an effective registration statement under the
Securities  Act  of  1933,  as amended, by surrender of securities issued by the
Company  (including a portion of the Warrant) having a market value (in the case
of a portion of this Warrant, determined in accordance with Section 11(c) of the
Warrant)  equal  to  $_________. Please issue a certificate or certifi-cates for
such  shares  of Common Stock in the name of and pay any cash for any fractional
share  to:

                              Name:
                                   ----------------------------------

                              Signature:

                              Address:
                                      -------------------------------

                                      -------------------------------

                                                Note:  The above  signature
                                                       should correspond exactly
                                                       with the name on the face
                                                       of the within Warrant, if
                                                       applicable.

and,  if  said  number  of  shares  of  Common Stock shall not be all the shares
purchasable  under the within Warrant, a new Warrant is to be issued in the name
of  said  undersigned  covering the balance of the shares purchasable thereunder
less  any  frac-tion  of  a  share  paid  in  cash.

<PAGE>

                               FORM OF ASSIGNMENT

     FOR  VALUE  RECEIVED,  the undersigned hereby sells, assigns, and transfers
all  the rights of the undersigned under the within Warrant, with respect to the
number  of  shares  of  Common  Stock covered thereby set forth hereinbelow, to:

Name of Assignee               Address                         No of Shares
----------------               -------                         ------------

, and hereby irrevocably constitutes and appoints
___________________________________ as agent and attorney-in-fact to trans-fer
said Warrant on the books of the within-named corporation, with full power of
substitution in the premises.

Dated:            , 200
      ------------     ---

In the presence of:
                                             ---------------------------
                                      Name:
                                             ---------------------------

                                     Signature:
                                               -------------------------
                                     Title of Signing Officer or Agent (if any):

                                                ------------------------

                                     Address:   ------------------------

                                                ------------------------

                                                Note: The above  signature
                                                      should correspond exactly
                                                      with the name on the face
                                                      of the within Warrant, if
                                                      applicable.

<PAGE>Exhibit 10.4

                          REGISTRATION RIGHTS AGREEMENT

     REGISTRATION RIGHTS AGREEMENT (this "AGREEMENT"), dated as of May 18, 2006,
by  and  between  The  World  Golf  League,  Inc.,  a Delaware corporation, with
headquarters  located  at  258  East Altamonte Drive, Altamonte Springs, Florida
32701 (the "COMPANY"), and each DLC Capital Group, LLC (the "INITIAL INVESTOR").

     WHEREAS:

     A.  In  connection  with the Securities Purchase Agreement by and among the
parties  hereto of even date herewith (the "SECURITIES PURCHASE AGREEMENT"), the
Company  has  agreed,  upon  the  terms  and subject to the conditions contained
therein,  to issue and sell to the Initial Investor secured convertible notes in
the aggregate principal amount of up to Four Hundred Thousand Dollars ($400,000)
(the  "NOTES")  that  are  convertible into shares of the Company's common stock
(the  "COMMON  STOCK"),  upon  the  terms  and  subject  to  the limitations and
conditions  set  forth in such Notes and warrants (the "WARRANTS") to acquire an
aggregate  of  700,000,000 shares of Common Stock, upon the terms and conditions
and  subject  to  the  limitations and conditions set forth in the Warrants; and

     B.  To  induce  the  Initial Investor to execute and deliver the Securities
Purchase  Agreement,  the  Company  has  agreed  to provide certain registration
rights  under  the  Securities  Act  of  1933,  as  amended,  and  the rules and
regulations  thereunder,  or  any  similar  successor statute (collectively, the
"1933  ACT"),  and  applicable  state  securities  laws;

     NOW,  THEREFORE,  in consideration of the premises and the mutual covenants
contained  herein  and  other  good  and valuable consideration, the receipt and
sufficiency  of  which  are  hereby  acknowledged,  the  Company and the Initial
Investor  hereby  agree  as  follows:

          1.  DEFINITIONS.
              -----------

               A.  As used in this Agreement, the following terms shall have the
          following  meanings:

                    (I) "INVESTOR" means the Initial Investor and any transferee
               or  assignee who agrees to become bound by the provisions of this
               Agreement  in  accordance  with  Section  9  hereof.

                    (II) "REGISTER," "REGISTERED," and "REGISTRATION" refer to a
               registration  effected  by  preparing  and  filing a Registration
               Statement  or  Statements  in  compliance  with  the 1933 Act and
               pursuant  to  Rule  415  under the 1933 Act or any successor rule
               providing  for  offering  securities on a continuous basis ("RULE
               415"),  and  the declaration or ordering of effectiveness of such
               Registration  Statement  by  the  United  States  Securities  and
               Exchange  Commission  (the  "SEC").

                    (III)  "REGISTRABLE  SECURITIES" means the Conversion Shares
               issued  or  issuable upon conversion or otherwise pursuant to the
               Notes  including,  without  limitation,  Investor's  Shares  (as
               defined in the Securities Purchase Agreement), Damages Shares (as

<PAGE>

               defined  in  the Notes) issued or issuable pursuant to the Notes,
               shares  of  Common  Stock  issued  or  issuable in payment of the
               Standard  Liquidated Damages Amount (as defined in the Securities
               Purchase  Agreement),  shares  issued  or  issuable in respect of
               interest  or  in  redemption  of the Notes in accordance with the
               terms  thereof)  and  Warrant  Shares  issuable, upon exercise or
               otherwise  pursuant  to  the  Warrants, and any shares of capital
               stock  issued  or issuable as a dividend on or in exchange for or
               otherwise  with  respect  to  any  of  the  foregoing.

                    (IV) "REGISTRATION STATEMENT" means a registration statement
               of  the  Company  under  the  1933  Act.

               B. Capitalized terms used herein and not otherwise defined herein
          shall  have  the  respective  meanings  set  forth  in  the Securities
          Purchase  Agreement  or  the  Convertible  Note.

          2.  REGISTRATION.
              ------------

               A.  MANDATORY REGISTRATION. The Company shall prepare, and, on or
                   ----------------------
          prior  to thirty (30) days from the date of Closing (as defined in the
          Securities  Purchase Agreement) (the "FILING DATE"), file with the SEC
          a  Registration  Statement  on  Form  S-3 (or, if Form S-3 is not then
          available, on such form of Registration Statement as is then available
          to effect a registration of the Registrable Securities, subject to the
          consent  of  the  Initial  Investor,  which  consent  will  not  be
          unreasonably  withheld)  covering  the  resale  of  the  Registrable
          Securities  underlying  the  Notes  and  Warrants  issued  or issuable
          pursuant  to  the  Securities  Purchase  Agreement, which Registration
          Statement,  to  the  extent allowable under the 1933 Act and the rules
          and  regulations  promulgated  thereunder  (including Rule 416), shall
          state  that such Registration Statement also covers such indeterminate
          number  of  additional  shares  of Common Stock as may become issuable
          upon  conversion of or otherwise pursuant to the Notes and exercise of
          the  Warrants  to  prevent dilution resulting from stock splits, stock
          dividends  or  similar  transactions.  The  number of shares of Common
          Stock  initially  included  in such Registration Statement shall be no
          less  than  an  amount equal to two (2) times the sum of the number of
          Conversion  Shares that are then issuable upon conversion of the Notes
          and  Additional  Notes (based on the Conversion Price as would then be
          in effect and assuming the Conversion Price is the Conversion Price at
          such  time),  and  the number of Warrant Shares that are then issuable
          upon exercise of the Warrants, without regard to any limitation on the
          Investor's  ability to convert the Notes or exercise the Warrants. The
          Company  acknowledges  that the number of shares initially included in
          the  Registration  Statement  represents  a good faith estimate of the
          maximum  number  of  shares  issuable upon conversion of the Notes and
          upon  exercise  of  the  Warrants.

               B.  UNDERWRITTEN  OFFERING.  If  any  offering  pursuant  to  a
                   ----------------------
          Registration  Statement  pursuant  to  Section 2(a) hereof involves an
          underwritten offering, the Investor shall have the right to select one
          legal  counsel  and  an  investment  banker  or bankers and manager or
          managers  to  administer  the  offering,  which  investment  banker or
          bankers or manager or managers shall be reasonably satisfactory to the
          Company.

               C.  PAYMENTS  BY  THE  COMPANY.  The  Company  shall use its best
                   --------------------------
          efforts  to obtain effectiveness of the Registration Statement as soon
          as  practicable.  If  the  Registration  Statement(s)  covering  the
          Registrable Securities required to be filed by the Company pursuant to

<PAGE>

          Section  2(a)  hereof  is  not  filed  by  the Filing Date or declared
          effective by the SEC on or prior to one hundred twenty (120) days from
          the date of Closing (as defined in the Securities Purchase Agreement),
          or after the Registration Statement has been declared effective by the
          SEC,  sales  of  all  of  the  Registrable  Securities  cannot be made
          pursuant  to  the  Registration  Statement, or the Common Stock is not
          listed  or  included  for  quotation  on  the  Nasdaq  National Market
          ("NASDAQ"),  the  Nasdaq  SmallCap Market ("NASDAQ SMALLCAP"), the New
          York  Stock  Exchange (the "NYSE") or the American Stock Exchange (the
          "AMEX") after being so listed or included for quotation, or the Common
          Stock  ceases to be traded on the Over-the-Counter Bulletin Board (the
          "OTCBB")  or any equivalent replacement exchange prior to being listed
          or  included  for quotation on one of the aforementioned markets, then
          the  Company will make a payment to the Investor in an amount equal to
          $10,000  for  each  30-day period or any portion thereof following the
          date  by  which such Registration Statement should have been filed for
          which  no  Registration  Statement  is  filed  with  respect  to  the
          Registrable  Securities  or  which  such Registration Statement should
          have  been  effective, provided, however, that such liquidated damages
          pursuant  to this Agreement shall not exceed $50,000 in the aggregate.
          Such  payments  shall  be in partial compensation to the Investor, and
          shall  not constitute the Investor's exclusive remedy for such events.
          Such  payments  shall  be  made  to  the  Investor  in  cash.

               D. PIGGY-BACK REGISTRATIONS. Subject to the last sentence of this
                  ------------------------
          Section  2(d),  if  at  any  time  prior  to  the  expiration  of  the
          Registration  Period  (as  hereinafter  defined)  the  Company  shall
          determine to file with the SEC a Registration Statement relating to an
          offering  for  its own account or the account of others under the 1933
          Act  of  any  of its equity securities (other than on Form S-4 or Form
          S-8  or  their  then  equivalents  relating to equity securities to be
          issued  solely  in  connection  with  any acquisition of any entity or
          business or equity securities issuable in connection with stock option
          or other bona fide, employee benefit plans), the Company shall send to
          each  Investor  who  is  entitled  to  registration  rights under this
          Section  2(d)  written  notice  of  such  determination and, if within
          fifteen  (15)  days  after  the  effective  date  of such notice, such
          Investor  shall  so  request  in writing, the Company shall include in
          such  Registration  Statement  all  or  any  part  of  the Registrable
          Securities such Investor requests to be registered, except that if, in
          connection  with  any  underwritten public offering for the account of
          the  Company  the  managing  underwriter(s)  thereof  shall  impose  a
          limitation  on  the  number  of  shares  of  Common Stock which may be
          included  in  the  Registration  Statement  because,  in  such
          underwriter(s)'  judgment,  marketing  or  other  factors dictate such
          limitation  is  necessary  to facilitate public distribution, then the
          Company  shall  be obligated to include in such Registration Statement
          only  such  limited portion of the Registrable Securities with respect
          to  which  such  Investor  has  requested  inclusion  hereunder as the
          underwriter  shall  permit.  Any  exclusion  of Registrable Securities
          shall  be  made  pro  rata  among  the  Investors  seeking  to include
          Registrable  Securities  in  proportion  to  the number of Registrable
          Securities sought to be included by such Investors; provided, however,
          that  the  Company shall not exclude any Registrable Securities unless
          the Company has first excluded all outstanding securities, the holders
          of  which  are  not  entitled  to inclusion of such securities in such
          Registration  Statement or are not entitled to pro rata inclusion with
          the  Registrable  Securities;  and  provided,  further, however, that,
          after  giving  effect  to  the  immediately  preceding  proviso,  any
          exclusion  of  Registrable  Securities  shall  be  made  pro rata with
          holders  of  other  securities  having  the  right  to  include  such
          securities  in  the  Registration  Statement  other  than  holders  of
          securities  entitled  to  inclusion  of  their  securities  in  such
          Registration  Statement  by  reason  of demand registration rights. No

<PAGE>

               right  to  registration  of  Registrable  Securities  under  this
          Section  2(d)  shall  be  construed to limit any registration required
          under  Section 2(a) hereof. If an offering in connection with which an
          Investor  is  entitled  to  registration under this Section 2(d) is an
          underwritten offering, then each Investor whose Registrable Securities
          are  included  in  such Registration Statement shall, unless otherwise
          agreed  by  the Company, offer and sell such Registrable Securities in
          an  underwritten  offering  using the same underwriter or underwriters
          and,  subject  to  the provisions of this Agreement, on the same terms
          and  conditions  as  other  shares  of  Common  Stock included in such
          underwritten  offering.  Notwithstanding  anything to the contrary set
          forth  herein,  the  registration  rights of the Investors pursuant to
          this  Section  2(d)  shall  only be available in the event the Company
          fails  to  timely file, obtain effectiveness or maintain effectiveness
          of  any Registration Statement to be filed pursuant to Section 2(a) in
          accordance  with  the  terms  of  this  Agreement.

               E. ELIGIBILITY FOR FORM S-3, SB-2 OR S-1; CONVERSION TO FORM S-3.
                  -------------------------------------------------------------
          The Company represents and warrants that it meets the requirements for
          the  use  of Form S-3, SB-2 or S-1 for registration of the sale by the
          Initial  Investor  and  any  other  Investors  of  the  Registrable
          Securities.  The  Company  agrees  to  file all reports required to be
          filed  by  the Company with the SEC in a timely manner so as to remain
          eligible  or  become  eligible,  as the case may be, and thereafter to
          maintain  its  eligibility, for the use of Form S-3. If the Company is
          not  currently  eligible  to  use  Form  S-3,  not later than five (5)
          business  days  after  the  Company  first  meets  the  registration
          eligibility  and  transaction requirements for the use of Form S-3 (or
          any  successor  form)  for  registration  of the offer and sale by the
          Initial  Investor  and  any other Investors of Registrable Securities,
          the  Company  shall file a Registration Statement on Form S-3 (or such
          successor  form) with respect to the Registrable Securities covered by
          the  Registration  Statement  on  Form  SB-2 or Form S-1, whichever is
          applicable,  filed  pursuant  to  Section  2(a)  (and  include in such
          Registration  Statement  on  Form S-3 the information required by Rule
          429  under the 1933 Act) or convert the Registration Statement on Form
          SB-2  or  Form S-1, whichever is applicable, filed pursuant to Section
          2(a)  to  a Form S-3 pursuant to Rule 429 under the 1933 Act and cause
          such  Registration  Statement  (or  such  amendment)  to  be  declared
          effective  no  later  than  forty-five  (45) days after filing. In the
          event  of  a  breach  by the Company of the provisions of this Section
          2(e),  the  Company  will  be  required  to  make payments pursuant to
          Section  2(c)  hereof.

          3.  OBLIGATIONS  OF  THE  COMPANY.
              -----------------------------

          In connection with the registration of the Registrable Securities, the
     Company  shall  have  the  following  obligations:

               A.  The Company shall prepare promptly, and file with the SEC not
          later  than  the Filing Date, a Registration Statement with respect to
          the  number  of  Registrable  Securities provided in Section 2(a), and
          thereafter  use  its best efforts to cause such Registration Statement
          relating  to  Registrable  Securities  to  become effective as soon as
          possible after such filing but in no event later than ninety (90) days
          from  the  date  of  Closing),  and  keep  the  Registration Statement
          effective  pursuant to Rule 415 at all times until such date as is the
          earlier  of  (i)  the  date on which all of the Registrable Securities
          have  been  sold and (ii) the date on which the Registrable Securities
          (in the opinion of counsel to the Initial Investor) may be immediately
          sold  to  the  public  without registration or restriction (including,
          without  limitation,  as  to  volume by each holder thereof) under the
          1933  Act  (the  "REGISTRATION  PERIOD"), which Registration Statement

<PAGE>

          (including  any  amendments  or  supplements  thereto and prospectuses
          contained  therein)  shall  not  contain  any  untrue  statement  of a
          material  fact  or omit to state a material fact required to be stated
          therein,  or  necessary to make the statements therein not misleading.

               B.  The  Company  shall  prepare  and  file  with  the  SEC  such
          amendments  (including  post-effective  amendments) and supplements to
          the Registration Statements and the prospectus used in connection with
          the  Registration  Statements  as  may  be  necessary  to  keep  the
          Registration Statements effective at all times during the Registration
          Period,  and,  during  such  period, comply with the provisions of the
          1933 Act with respect to the disposition of all Registrable Securities
          of  the Company covered by the Registration Statements until such time
          as  all  of  such  Registrable  Securities  have  been  disposed of in
          accordance  with  the intended methods of disposition by the seller or
          sellers  thereof  as  set forth in the Registration Statements. In the
          event  the  number  of shares available under a Registration Statement
          filed  pursuant  to this Agreement is insufficient to cover all of the
          Registrable Securities issued or issuable upon conversion of the Notes
          and exercise of the Warrants, the Company shall amend the Registration
          Statement,  or  file  a  new Registration Statement (on the short form
          available therefor, if applicable), or both, so as to cover all of the
          Registrable  Securities,  in each case, as soon as practicable, but in
          any event within fifteen (15) days after the necessity therefor arises
          (based  on  the  market  price  of the Common Stock and other relevant
          factors  on  which the Company reasonably elects to rely). The Company
          shall  use  its  best  efforts  to  cause  such  amendment  and/or new
          Registration  Statement  to  become  effective  as soon as practicable
          following the filing thereof, but in any event within thirty (30) days
          after  the  date  on which the Company reasonably first determines (or
          reasonably  should  have determined) the need therefor. The provisions
          of  Section  2(c)  above  shall  be  applicable  with  respect to such
          obligation, with the ninety (90) days running from the day the Company
          reasonably first determines (or reasonably should have determined) the
          need  therefor.

               C.  The  Company shall furnish to each Investor whose Registrable
          Securities  are  included  in  a  Registration Statement and its legal
          counsel  promptly  (but  in  no event more than two (2) business days)
          after  the  same  is prepared and publicly distributed, filed with the
          SEC,  or  received  by  the  Company,  one  copy  of each Registration
          Statement  and  any amendment thereto, each preliminary prospectus and
          prospectus  and each amendment or supplement thereto, and, in the case
          of the Registration Statement referred to in Section 2(a), each letter
          written  by or on behalf of the Company to the SEC or the staff of the
          SEC,  and each item of correspondence from the SEC or the staff of the
          SEC,  in each case relating to such Registration Statement (other than
          any  portion  of  any thereof which contains information for which the
          Company  has  sought  confidential treatment), and promptly (but in no
          event  more  than  two  (2)  business  days)  after  the  Registration
          Statement is declared effective by the SEC, such number of copies of a
          prospectus, including a preliminary prospectus, and all amendments and
          supplements  thereto  and  such  other  documents as such Investor may
          reasonably  request  in  order  to  facilitate  the disposition of the
          Registrable  Securities  owned  by  such  Investor.  The  Company will
          immediately  notify each Investor by facsimile of the effectiveness of
          each  Registration  Statement  or  any  post-effective  amendment. The
          Company  will  promptly  (but  in no event more than five (5) business
          days)  respond  to  any  and all comments received from the SEC (which
          comments  shall  promptly  be  made  available  to  the Investors upon
          request),  with  a view towards causing each Registration Statement or

<PAGE>

          any  amendment  thereto to be declared effective by the SEC as soon as
          practicable,  shall  promptly  file an acceleration request as soon as
          practicable  (but  in  no  event  more  than  two  (2)  business days)
          following  the  resolution  or  clearance  of  all SEC comments or, if
          applicable,  following  notification  by  the  SEC  that  any  such
          Registration Statement or any amendment thereto will not be subject to
          review and shall promptly file with the SEC a final prospectus as soon
          as  practicable  (but  in  no  event  more than two (2) business days)
          following  receipt  by  the Company from the SEC of an order declaring
          the  Registration Statement effective. In the event of a breach by the
          Company  of  the  provisions of this Section 3(c), the Company will be
          required  to  make  payments  pursuant  to  Section  2(c)  hereof.

               D.  The  Company  shall  use  reasonable  efforts to register and
          qualify  the  Registrable  Securities  covered  by  the  Registration
          Statements  under  such  other  securities  or "blue sky" laws of such
          jurisdictions  in  the  United  States  as  the  Investors  who hold a
          majority  in  interest  of  the  Registrable  Securities being offered
          reasonably  request,  prepare  and  file  in  those jurisdictions such
          amendments  (including  post-effective  amendments) and supplements to
          such  registrations and qualifications as may be necessary to maintain
          the  effectiveness  thereof  during the Registration Period, take such
          other  actions  as may be necessary to maintain such registrations and
          qualifications  in effect at all times during the Registration Period,
          and  take  all  other  actions  reasonably  necessary  or advisable to
          qualify  the  Registrable  Securities  for sale in such jurisdictions;
          provided,  however,  that  the  Company  shall  not  be  required  in
          connection  therewith  or  as  a  condition  thereto  to qualify to do
          business  in any jurisdiction where it would not otherwise be required
          to  qualify  but  for  this  Section  3(d),  subject itself to general
          taxation  in  any such jurisdiction, file a general consent to service
          of  process  in  any  such jurisdiction, provide any undertakings that
          cause  the  Company undue expense or burden, or make any change in its
          charter  or  bylaws,  which in each case the Board of Directors of the
          Company determines to be contrary to the best interests of the Company
          and  its  shareholders.

               E.  In the event Investors who hold a majority-in-interest of the
          Registrable  Securities  being  offered  in  the  offering  (with  the
          approval  of  the  Initial  Investor)  select  underwriters  for  the
          offering,  the  Company  shall  enter into and perform its obligations
          under  an  underwriting  agreement,  in  usual  and  customary  form,
          including,  without  limitation,  customary  indemnification  and
          contribution  obligations,  with  the  underwriters  of such offering.

               F. As promptly as practicable after becoming aware of such event,
          the  Company shall notify each Investor of the happening of any event,
          of  which  the  Company  has  knowledge,  as  a  result  of  which the
          prospectus  included in any Registration Statement, as then in effect,
          includes an untrue statement of a material fact or omission to state a
          material  fact  required to be stated therein or necessary to make the
          statements  therein  not misleading, and use its best efforts promptly
          to  prepare a supplement or amendment to any Registration Statement to
          correct  such untrue statement or omission, and deliver such number of
          copies  of  such  supplement  or  amendment  to  each Investor as such
          Investor  may reasonably request; provided that, for not more than ten
          (10) consecutive trading days (or a total of not more than twenty (20)
          trading  days  in any twelve (12) month period), the Company may delay
          the  disclosure  of  material  non-public  information  concerning the
          Company (as well as prospectus or Registration Statement updating) the
          disclosure  of  which at the time is not, in the good faith opinion of
          the  Company,  in  the  best  interests  of  the  Company (an "ALLOWED
          DELAY"); provided, further, that the Company shall promptly notify the

<PAGE>

          Investors in writing of the existence of (but in no event, without the
          prior  written  consent  of an Investor, shall the Company disclose to
          such  investor  any  of the facts or circumstances regarding) material
          non-public  information giving rise to an Allowed Delay and advise the
          Investors  in  writing  to  cease  all  sales  under such Registration
          Statement  until  the end of the Allowed Delay. Upon expiration of the
          Allowed  Delay, the Company shall again be bound by the first sentence
          of  this  Section  3(f)  with  respect  to the information giving rise
          thereto.

               G. The Company shall use its best efforts to prevent the issuance
          of  any  stop  order  or  other  suspension  of  effectiveness  of any
          Registration Statement, and, if such an order is issued, to obtain the
          withdrawal of such order at the earliest possible moment and to notify
          each  Investor who holds Registrable Securities being sold (or, in the
          event  of  an underwritten offering, the managing underwriters) of the
          issuance  of  such  order  and  the  resolution  thereof.

               H.  The  Company shall permit a single firm of counsel designated
          by  the Initial Investor to review such Registration Statement and all
          amendments  and  supplements  thereto  (as  well  as  all requests for
          acceleration  or  effectiveness  thereof)  a reasonable period of time
          prior  to  their  filing  with the SEC, and not file any document in a
          form  to  which  such  counsel reasonably objects and will not request
          acceleration  of  such  Registration Statement without prior notice to
          such  counsel.  The  sections  of such Registration Statement covering
          information  with  respect to the Investors, the Investor's beneficial
          ownership  of  securities  of  the  Company  or the Investors intended
          method  of  disposition of Registrable Securities shall conform to the
          information  provided  to  the  Company  by  each  of  the  Investors.

               I.  The  Company  shall  make generally available to its security
          holders  as  soon  as practicable, but not later than ninety (90) days
          after  the  close of the period covered thereby, an earnings statement
          (in form complying with the provisions of Rule 158 under the 1933 Act)
          covering  a twelve-month period beginning not later than the first day
          of  the  Company's fiscal quarter next following the effective date of
          the  Registration  Statement.

               J.  At the request of any Investor, the Company shall furnish, on
          the  date that Registrable Securities are delivered to an underwriter,
          if  any, for sale in connection with any Registration Statement or, if
          such  securities  are not being sold by an underwriter, on the date of
          effectiveness  thereof an opinion, dated as of such date, from counsel
          representing  the Company for purposes of such Registration Statement,
          in  form,  scope  and  substance  as  is  customarily  given  in  an
          underwritten  public  offering, addressed to the underwriters, if any,
          and  the  Investors  and a letter, dated such date, from the Company's
          independent  certified  public accountants in form and substance as is
          customarily  given  by  independent  certified  public  accountants to
          underwriters  in  an  underwritten  public  offering, addressed to the
          underwriters,  if  any,  and  the  Investors.

               K.  The  Company  shall  make  available  for  inspection  by any
          Investor, any underwriter participating in any disposition pursuant to
          a  Registration  Statement,  one  firm  of  attorneys  and one firm of
          accountants or other agents retained by the Initial Investor, one firm
          of  attorneys  and one firm of accountants or other agents retained by
          all  other  Investors,  and one firm of attorneys retained by all such
          underwriters  (collectively, the "INSPECTORS") all pertinent financial

<PAGE>

          and other records, and pertinent corporate documents and properties of
          the  Company,  including without limitation, records of conversions by
          other  holders of convertible securities issued by the Company and the
          issuance  of  stock  to  such  holders  pursuant  to  the  conversions
          (collectively, the "RECORDS"), as shall be reasonably deemed necessary
          by  each  Inspector  to  enable  each  Inspector  to  exercise its due
          diligence  responsibility, and cause the Company's officers, directors
          and  employees  to  supply  all  information  which  any Inspector may
          reasonably  request  for  purposes  of  such  due diligence; provided,
          however,  that  each  Inspector shall hold in confidence and shall not
          make  any  disclosure  (except  to an Investor) of any Record or other
          information  which  the  Company  determines  in  good  faith  to  be
          confidential,  and  of  which  determination  the  Inspectors  are  so
          notified,  unless the disclosure of such Records is necessary to avoid
          or  correct  a misstatement or omission in any Registration Statement,
          the release of such Records is ordered pursuant to a subpoena or other
          order  from  a  court or government body of competent jurisdiction, or
          the  information  in such Records has been made generally available to
          the  public other than by disclosure in violation of this or any other
          agreement.  The  Company  shall  not  be  required  to  disclose  any
          confidential  information  in  such Records to any Inspector until and
          unless  such  Inspector  shall  have  entered  into  confidentiality
          agreements  (in  form  and substance satisfactory to the Company) with
          the  Company  with  respect thereto, substantially in the form of this
          Section  3(k).  Each Investor agrees that it shall, upon learning that
          disclosure  of such Records is sought in or by a court or governmental
          body  of  competent  jurisdiction  or through other means, give prompt
          notice  to  the  Company  and  allow  the  Company, at its expense, to
          undertake  appropriate action to prevent disclosure of, or to obtain a
          protective  order for, the Records deemed confidential. Nothing herein
          (or in any other confidentiality agreement between the Company and any
          Investor)  shall  be  deemed  to  limit the Investor's ability to sell
          Registrable  Securities in a manner which is otherwise consistent with
          applicable  laws  and  regulations.

               L.  The  Company  shall  hold  in  confidence  and  not  make any
          disclosure  of  information  concerning  an  Investor  provided to the
          Company  unless  disclosure of such information is necessary to comply
          with  federal  or  state  securities  laws,  the  disclosure  of  such
          information  is  necessary  to  avoid  or  correct  a  misstatement or
          omission  in  any  Registration  Statement,  the  release  of  such
          information  is  ordered  pursuant to a subpoena or other order from a
          court  or  governmental  body  of  competent  jurisdiction,  or  such
          information has been made generally available to the public other than
          by disclosure in violation of this or any other agreement. The Company
          agrees  that  it  shall,  upon  learning  that  disclosure  of  such
          information  concerning  an  Investor  is  sought  in or by a court or
          governmental  body  of  competent jurisdiction or through other means,
          give  prompt  notice to such Investor prior to making such disclosure,
          and  allow  the  Investor,  at  its  expense, to undertake appropriate
          action  to prevent disclosure of, or to obtain a protective order for,
          such  information.

               M. The Company shall cause all the Registrable Securities covered
          by the Registration Statement to be listed on each national securities
          exchange on which securities of the same class or series issued by the
          Company  are  then  listed, if any, if the listing of such Registrable
          Securities  is  then permitted under the rules of such exchange, or to
          the  extent  the  securities  of the same class or series are not then
          listed  on  a national securities exchange, secure the designation and
          quotation,  of  all  the  Registrable  Securities  covered  by  the
          Registration  Statement  on  Nasdaq or, if not eligible for Nasdaq, on
          Nasdaq  SmallCap or, if not eligible for Nasdaq or Nasdaq SmallCap, on
          the  OTCBB  and,  without limiting the generality of the foregoing, to
          arrange  for  at least two market makers to register with the National
          Association  of Securities Dealers, Inc. ("NASD") as such with respect
          to  such  Registrable  Securities.

<PAGE>

               N.  The  Company  shall  provide  a transfer agent and registrar,
          which may be a single entity, for the Registrable Securities not later
          than  the  effective  date  of  the  Registration  Statement.

               O.  The  Company  shall  cooperate  with  the  Investors who hold
          Registrable  Securities  being offered and the managing underwriter or
          underwriters,  if  any,  to  facilitate  the  timely  preparation  and
          delivery  of  certificates  (not  bearing  any  restrictive  legends)
          representing  Registrable  Securities  to  be  offered  pursuant  to a
          Registration  Statement  and  enable  such  certificates to be in such
          denominations  or  amounts,  as  the  case  may  be,  as  the managing
          underwriter  or  underwriters, if any, or the Investors may reasonably
          request  and  registered  in such names as the managing underwriter or
          underwriters,  if any, or the Investors may request, and, within three
          (3)  business  days  after  a  Registration  Statement  which includes
          Registrable  Securities  is  ordered effective by the SEC, the Company
          shall  deliver,  and shall cause legal counsel selected by the Company
          to deliver, to the transfer agent for the Registrable Securities (with
          copies  to  the Investors whose Registrable Securities are included in
          such  Registration  Statement)  an  instruction  in  the form attached
          hereto  as  EXHIBIT  1  and  an  opinion  of  such counsel in the form
          attached  hereto  as  EXHIBIT  2.

               P. At the request of the holders of a majority-in-interest of the
          Registrable  Securities,  the  Company shall prepare and file with the
          SEC  such  amendments  (including  post-effective  amendments)  and
          supplements  to  a  Registration  Statement and any prospectus used in
          connection  with  the  Registration  Statement  as may be necessary in
          order  to  change  the  plan  of  distribution  set  forth  in  such
          Registration  Statement.

               Q.  From  and after the date of this Agreement, the Company shall
          not,  and  shall  not agree to, allow the holders of any securities of
          the  Company  to  include  any of their securities in any Registration
          Statement  under  Section  2(a)  hereof or any amendment or supplement
          thereto  under  Section 3(b) hereof without the consent of the holders
          of  a  majority-in-interest  of  the  Registrable  Securities.

               R.  The Company shall take all other reasonable actions necessary
          to expedite and facilitate disposition by the Investors of Registrable
          Securities  pursuant  to  a  Registration  Statement.

          4.  OBLIGATIONS  OF  THE  INVESTOR.
              ------------------------------

          In connection with the registration of the Registrable Securities, the
     Investor  shall  have  the  following  obligations:

               A.  It  shall  be a condition precedent to the obligations of the
          Company  to  complete the registration pursuant to this Agreement with
          respect  to  the  Registrable  Securities  of  the  Investor  that the
          Investor  shall  furnish  to  the  Company  such information regarding
          itself,  the Registrable Securities held by it and the intended method
          of  disposition  of  the Registrable Securities held by it as shall be
          reasonably  required  to  effect  the registration of such Registrable
          Securities  and  shall  execute such documents in connection with such
          registration as the Company may reasonably request. At least three (3)

<PAGE>

          business  days  prior  to  the  first  anticipated  filing date of the
          Registration  Statement,  the Company shall notify the Investor of the
          information  the  Company  requires  from  the  Investor.

               B. The Investor, by such Investor's acceptance of the Registrable
          Securities,  agrees  to  cooperate  with  the  Company  as  reasonably
          requested by the Company in connection with the preparation and filing
          of  the  Registration  Statements  hereunder,  unless the Investor has
          notified  the Company in writing of Investor's election to exclude all
          of  such  Investor's  Registrable  Securities  from  the  Registration
          Statements.

               C. In the event the Investor determines to engage the services of
          an  underwriter,  the  Investor  agrees to enter into and perform such
          Investor's  obligations  under an underwriting agreement, in usual and
          customary  form,  including,  without  limitation,  customary
          indemnification  and  contribution  obligations,  with  the  managing
          underwriter  of  such  offering  and  take  such  other actions as are
          reasonably required in order to expedite or facilitate the disposition
          of  the  Registrable  Securities.

               D.  The Investor agrees that, upon receipt of any notice from the
          Company of the happening of any event of the kind described in Section
          3(f) or 3(g), the Investor will immediately discontinue disposition of
          Registrable Securities pursuant to the Registration Statement covering
          such Registrable Securities until the Investor's receipt of the copies
          of the supplemented or amended prospectus contemplated by Section 3(f)
          or 3(g) and, if so directed by the Company, the Investor shall deliver
          to the Company (at the expense of the Company) or destroy (and deliver
          to  the  Company  a  certificate  of  destruction)  all  copies in the
          Investor's  possession,  of  the  prospectus covering such Registrable
          Securities  current  at  the  time  of  receipt  of  such  notice.

               E.  The  Investor  may  not  participate  in  any  underwritten
          registration  hereunder  unless  the  Investor  agrees  to  sell  the
          Investor's  Registrable  Securities  on  the  basis  provided  in  any
          underwriting  arrangements in usual and customary form entered into by
          the  Company,  completes  and  executes  all questionnaires, powers of
          attorney,  indemnities,  underwriting  agreements  and other documents
          reasonably required under the terms of such underwriting arrangements,
          and agrees to pay its pro rata share of all underwriting discounts and
          commissions and any expenses in excess of those payable by the Company
          pursuant  to  Section  5  below.

          5.  EXPENSES  OF  REGISTRATION.
             --------------------------

          All  reasonable  expenses,  other  than  underwriting  discounts  and
     commissions,  incurred  in  connection  with  registrations,  filings  or
     qualifications pursuant to Sections 2 and 3, including, without limitation,
     all  registration,  listing and qualification fees, printers and accounting
     fees,  the  fees  and  disbursements  of  counsel  for the Company, and the
     reasonable  fees  and disbursements of one counsel selected by the Investor
     pursuant  to  Sections  2(b) and 3(h) hereof shall be borne by the Company.

<PAGE>

          6.  INDEMNIFICATION.
              ---------------

          In the event any Registrable Securities are included in a Registration
     Statement  under  this  Agreement:

               A.  To  the  extent permitted by law, the Company will indemnify,
          hold  harmless  and  defend  the  Investor  who holds such Registrable
          Securities,  the  directors, officers, partners, employees, agents and
          each  person  who controls the Investor within the meaning of the 1933
          Act  or  the  Securities  Exchange  Act of 1934, as amended (the "1934
          ACT"),  if  any,  any underwriter (as defined in the 1933 Act) for the
          Investor,  and  the  directors, officers, partners, employees and each
          person  who  controls  any  such underwriter within the meaning of the
          1933  Act  or  the  1934  Act, if any (each, an "INDEMNIFIED PERSON"),
          against  any  joint or several losses, claims, damages, liabilities or
          expenses  (collectively,  together  with  actions,  proceedings  or
          inquiries  by  any regulatory or self-regulatory organization, whether
          commenced or threatened, in respect thereof, "CLAIMS") to which any of
          them  may  become  subject  insofar as such Claims arise out of or are
          based  upon: (i) any untrue statement or alleged untrue statement of a
          material  fact  in a Registration Statement or the omission or alleged
          omission  to  state  therein  a material fact required to be stated or
          necessary  to  make  the  statements  therein not misleading; (ii) any
          untrue  statement  or  alleged  untrue  statement  of  a material fact
          contained in any preliminary prospectus if used prior to the effective
          date  of  such  Registration  Statement,  or  contained  in  the final
          prospectus  (as  amended  or  supplemented,  if  the Company files any
          amendment  thereof or supplement thereto with the SEC) or the omission
          or  alleged  omission  to state therein any material fact necessary to
          make  the statements made therein, in light of the circumstances under
          which  the  statements therein were made, not misleading; or (iii) any
          violation  or  alleged  violation  by the Company of the 1933 Act, the
          1934  Act,  any  other  law,  including, without limitation, any state
          securities  law,  or any rule or regulation thereunder relating to the
          offer  or  sale  of  the  Registrable  Securities  (the matters in the
          foregoing  clauses  (i)  through  (iii)  being,  collectively,
          "VIOLATIONS").  Subject  to the restrictions set forth in Section 6(c)
          with  respect  to  the  number  of  legal  counsel,  the Company shall
          reimburse  the  Indemnified  Person,  promptly  as  such  expenses are
          incurred  and  are  due  and payable, for any reasonable legal fees or
          other  reasonable  expenses  incurred  by  them  in  connection  with
          investigating or defending any such Claim. Notwithstanding anything to
          the contrary contained herein, the indemnification agreement contained
          in this Section 6(a): (i) shall not apply to a Claim arising out of or
          based upon a Violation which occurs in reliance upon and in conformity
          with  information  furnished  in  writing  to  the  Company  by  any
          Indemnified  Person  or  underwriter  for  such  Indemnified  Person
          expressly  for  use  in  connection  with  the  preparation  of  such
          Registration  Statement  or  any  such amendment thereof or supplement
          thereto,  if  such prospectus was timely made available by the Company
          pursuant  to Section 3(c) hereof; (ii) shall not apply to amounts paid
          in  settlement of any Claim if such settlement is effected without the
          prior  written  consent  of  the  Company,  which consent shall not be
          unreasonably  withheld;  and  (iii)  with  respect  to any preliminary
          prospectus,  shall  not inure to the benefit of any Indemnified Person
          if  the untrue statement or omission of material fact contained in the
          preliminary  prospectus  was  corrected  on  a  timely  basis  in  the
          prospectus, as then amended or supplemented, such corrected prospectus
          was  timely  made  available  by  the Company pursuant to Section 3(c)
          hereof, and the Indemnified Person was promptly advised in writing not
          to  use  the  incorrect  prospectus  prior to the use giving rise to a
          Violation  and  such  Indemnified Person, notwithstanding such advice,
          used  it.  Such  indemnity  shall  remain  in  full  force  and effect
          regardless  of  any  investigation  made  by  or  on  behalf  of  the
          Indemnified  Person  and shall survive the transfer of the Registrable
          Securities  by  the  Investor  pursuant  to  Section  9.

<PAGE>

               B.  In  connection  with  any Registration Statement in which the
          Investor  is  participating,  the  Investor  agrees to indemnify, hold
          harmless  and  defend,  to  the same extent and in the same manner set
          forth in Section 6(a), the Company, each of its directors, each of its
          officers  who  signs  the Registration Statement, each person, if any,
          who  controls  the  Company  within the meaning of the 1933 Act or the
          1934 Act, any underwriter and any other shareholder selling securities
          pursuant  to  the  Registration  Statement  or any of its directors or
          officers  or  any  person who controls such shareholder or underwriter
          within  the  meaning of the 1933 Act or the 1934 Act (collectively and
          together  with an Indemnified Person, an "INDEMNIFIED PARTY"), against
          any Claim to which any of them may become subject, under the 1933 Act,
          the  1934  Act or otherwise, insofar as such Claim arises out of or is
          based  upon any Violation by such Investor, in each case to the extent
          (and  only  to the extent) that such Violation occurs in reliance upon
          and in conformity with written information furnished to the Company by
          such  Investor  expressly for use in connection with such Registration
          Statement;  and  subject  to Section 6(c) such Investor will reimburse
          any  legal  or  other expenses (promptly as such expenses are incurred
          and  are  due  and  payable) reasonably incurred by them in connection
          with  investigating  or  defending  any such Claim; provided, however,
          that  the indemnity agreement contained in this Section 6(b) shall not
          apply to amounts paid in settlement of any Claim if such settlement is
          effected  without  the  prior  written  consent of the Investor, which
          consent  shall  not  be  unreasonably  withheld;  provided,  further,
          however,  that  the  Investor  shall  be  liable  under this Agreement
          (including  this  Section  6(b) and Section 7) for only that amount as
          does  not  exceed the net proceeds to such Investor as a result of the
          sale  of  Registrable  Securities  pursuant  to  such  Registration
          Statement.  Such  indemnity  shall  remain  in  full  force and effect
          regardless  of  any  investigation  made  by  or  on  behalf  of  such
          Indemnified  Party  and  shall survive the transfer of the Registrable
          Securities  by  the  Investors  pursuant to Section 9. Notwithstanding
          anything  to  the  contrary  contained  herein,  the  indemnification
          agreement  contained  in  this  Section  6(b)  with  respect  to  any
          preliminary  prospectus  shall  not  inure  to  the  benefit  of  any
          Indemnified Party if the untrue statement or omission of material fact
          contained  in  the  preliminary  prospectus  was corrected on a timely
          basis  in  the  prospectus,  as  then  amended  or  supplemented.

               C. Promptly after receipt by an Indemnified Person or Indemnified
          Party under this Section 6 of notice of the commencement of any action
          (including  any  governmental  action),  such  Indemnified  Person  or
          Indemnified  Party  shall, if a Claim in respect thereof is to be made
          against  any  indemnifying  party under this Section 6, deliver to the
          indemnifying  party  a written notice of the commencement thereof, and
          the indemnifying party shall have the right to participate in, and, to
          the  extent  the indemnifying party so desires, jointly with any other
          indemnifying party similarly noticed, to assume control of the defense
          thereof  with  counsel mutually satisfactory to the indemnifying party
          and  the  Indemnified Person or the Indemnified Party, as the case may
          be; provided, however, that an Indemnified Person or Indemnified Party
          shall  have  the  right  to  retain  its own counsel with the fees and
          expenses  to  be paid by the indemnifying party, if, in the reasonable
          opinion  of  counsel  retained  by  the  indemnifying  party,  the
          representation  by  such  counsel  of  the  Indemnified  Person  or
          Indemnified  Party  and  the indemnifying party would be inappropriate
          due  to  actual  or  potential  differing  interests  between  such
          Indemnified  Person  or  Indemnified  Party  and  any  other  party
          represented by such counsel in such proceeding. The indemnifying party

<PAGE>

          shall  pay  for  only  one  separate legal counsel for the Indemnified
          Persons  or  the  Indemnified  Parties,  as applicable, and such legal
          counsel  shall be selected by Investors holding a majority-in-interest
          of  the  Registrable Securities included in the Registration Statement
          to  which  the  Claim  relates  (with  the  approval  of  the  Initial
          Investor), if the Investors are entitled to indemnification hereunder,
          or  the  Company,  if  the  Company  is  entitled  to  indemnification
          hereunder, as applicable. The failure to deliver written notice to the
          indemnifying party within a reasonable time of the commencement of any
          such action shall not relieve such indemnifying party of any liability
          to  the  Indemnified Person or Indemnified Party under this Section 6,
          except  to  the  extent  that  the  indemnifying  party  is  actually
          prejudiced  in  its ability to defend such action. The indemnification
          required  by  this Section 6 shall be made by periodic payments of the
          amount  thereof  during the course of the investigation or defense, as
          such  expense,  loss,  damage  or liability is incurred and is due and
          payable.

          7.  CONTRIBUTION.
              ------------

          To  the  extent  any  indemnification  by  an  indemnifying  party  is
     prohibited  or  limited  by  law, the indemnifying party agrees to make the
     maximum  contribution  with  respect  to  any  amounts  for  which it would
     otherwise be liable under Section 6 to the fullest extent permitted by law;
     provided,  however,  that no contribution shall be made under circumstances
     where  the  maker  would not have been liable for indemnification under the
     fault standards set forth in Section 6, no seller of Registrable Securities
     guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
     of  the  1933  Act)  shall  be  entitled to contribution from any seller of
     Registrable  Securities  who  was  not  guilty  of  such  fraudulent
     misrepresentation,  and  contribution (together with any indemnification or
     other  obligations  under  this  Agreement)  by  any  seller of Registrable
     Securities  shall  be  limited  in  amount  to  the  net amount of proceeds
     received  by  such  seller  from  the  sale of such Registrable Securities.

<PAGE>

          8.  REPORTS  UNDER  THE  1934  ACT.
              ------------------------------

          With  a  view to making available to the Investor the benefits of Rule
     144  promulgated under the 1933 Act or any other similar rule or regulation
     of  the SEC that may at any time permit the investors to sell securities of
     the  Company  to  the public without registration ("RULE 144"), the Company
     agrees  to:

               A. make and keep public information available, as those terms are
          understood  and  defined  in  Rule  144;

               B.  file  with  the  SEC in a timely manner all reports and other
          documents  required of the Company under the 1933 Act and the 1934 Act
          so  long as the Company remains subject to such requirements (it being
          understood  that  nothing herein shall limit the Company's obligations
          under  Section  4(c)  of  the  Securities  Purchase Agreement) and the
          filing  of  such  reports  and  other  documents  is  required for the
          applicable  provisions  of  Rule  144;  and

               C.  furnish  to  the  Investor  so  long  as  the  Investor  owns
          Registrable  Securities, promptly upon request, a written statement by
          the  Company  that  it has complied with the reporting requirements of
          Rule  144,  the  1933  Act and the 1934 Act, a copy of the most recent
          annual  or  quarterly report of the Company and such other reports and
          documents  so  filed by the Company, and such other information as may
          be  reasonably  requested  to  permit  the  Investors  to  sell  such
          securities  pursuant  to  Rule  144  without  registration.

          9.  ASSIGNMENT  OF  REGISTRATION  RIGHTS.
              ------------------------------------

          The  rights  under this Agreement shall be automatically assignable by
     the  Investor  to  any  transferee  of  all  or  any portion of Registrable
     Securities  if:  (i)  the Investor agrees in writing with the transferee or
     assignee  to  assign such rights, and a copy of such agreement is furnished
     to  the  Company  within  a reasonable time after such assignment, (ii) the
     Company  is,  within  a  reasonable time after such transfer or assignment,
     furnished with written notice of the name and address of such transferee or
     assignee, and the securities with respect to which such registration rights
     are  being  transferred  or  assigned,  (iii)  following  such  transfer or
     assignment, the further disposition of such securities by the transferee or
     assignee  is  restricted under the 1933 Act and applicable state securities
     laws,  (iv)  at  or before the time the Company receives the written notice
     contemplated  by  clause  (ii) of this sentence, the transferee or assignee
     agrees  in  writing  with  the Company to be bound by all of the provisions
     contained herein, (v) such transfer shall have been made in accordance with
     the  applicable requirements of the Securities Purchase Agreement, and (vi)
     such  transferee  shall be an "ACCREDITED INVESTOR" as that term defined in
     Rule  501  of  Regulation  D  promulgated  under  the  1933  Act.

          10.  AMENDMENT  OF  REGISTRATION  RIGHTS.
               -----------------------------------

          Provisions of this Agreement may be amended and the observance thereof
     may  be  waived  (either  generally  or in a particular instance and either
     retroactively  or prospectively), only with written consent of the Company,

<PAGE>

     the Investor (to the extent the Investor still owns Registrable Securities)
     and  Investors  who hold a majority interest of the Registrable Securities.
     Any  amendment  or waiver effected in accordance with this Section 10 shall
     be  binding  upon  the  Investor  and  the  Company.

          11.  MISCELLANEOUS.
               -------------

               A.  A  person  or  entity is deemed to be a holder of Registrable
          Securities  whenever  such  person  or  entity  owns  of  record  such
          Registrable  Securities.  If  the  Company  receives  conflicting
          instructions,  notices  or  elections  from  two  or  more  persons or
          entities  with respect to the same Registrable Securities, the Company
          shall  act upon the basis of instructions, notice or election received
          from  the  registered  owner  of  such  Registrable  Securities.

               B.  Any notices required or permitted to be given under the terms
          hereof  shall  be sent by certified or registered mail (return receipt
          requested)  or  delivered  personally  or  by  courier  (including  a
          recognized  overnight  delivery  service) or by facsimile and shall be
          effective  five  days  after  being  placed  in the mail, if mailed by
          regular  United  States mail, or upon receipt, if delivered personally
          or  by  courier (including a recognized overnight delivery service) or
          by  facsimile,  in  each  case addressed to a party. The addresses for
          such  communications  shall  be:

                         If  to  the  Company:

                                 The World Golf League, Inc.
                                 2139 State Road 434, Suite 101
                                 Longwood, Florida 32779
                                 Attention:  Chief Executive Officer
                                 Telephone:  407-331-6272
                                 Facsimile:   407-331-6271

                         With a copy to:

                         If to the Investor:

                                 DLC Capital Group, LLC
                                 4400 Route 9 South, Suite 1000
                                 Freehold, New Jersey 07728
                                 Attention:  Joe Fierro
                                 Telephone:  732-303-7487
                                 Facsimile:   732-303-7488

<PAGE>

                         With  copy  to:

                                 Sichenzia Ross Friedman Ference LLP
                                 1065 Avenue of the Americas
                                 21st Floor
                                 New York, New York 10018
                                 Attention:  Gregory Sichenzia, Esq.
                                 Telephone:  212-930-9700
                                 Facsimile:  212-930-9725

               C.  Failure  of  any  party to exercise any right or remedy under
          this  Agreement  or  otherwise, or delay by a party in exercising such
          right  or  remedy,  shall  not  operate  as  a  waiver  thereof.

               D. THIS AGREEMENT SHALL BE ENFORCED, GOVERNED BY AND CONSTRUED IN
          ACCORDANCE  WITH  THE  LAWS  OF  THE  STATE  OF NEW YORK APPLICABLE TO
          AGREEMENTS  MADE  AND  TO  BE  PERFORMED  ENTIRELY  WITHIN SUCH STATE,
          WITHOUT  REGARD  TO  THE  PRINCIPLES  OF CONFLICT OF LAWS. THE PARTIES
          HERETO  HEREBY  SUBMIT  TO  THE  EXCLUSIVE  JURISDICTION OF THE UNITED
          STATES  FEDERAL  COURTS LOCATED NEW YORK, NEW YORK WITH RESPECT TO ANY
          DISPUTE  ARISING  UNDER THIS AGREEMENT, THE AGREEMENTS ENTERED INTO IN
          CONNECTION  HEREWITH  OR  THE  TRANSACTIONS  CONTEMPLATED  HEREBY  OR
          THEREBY. BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT
          FORUM  TO  THE  MAINTENANCE  OF  SUCH SUIT OR PROCEEDING. BOTH PARTIES
          FURTHER  AGREE  THAT  SERVICE  OF PROCESS UPON A PARTY MAILED BY FIRST
          CLASS  MAIL  SHALL  BE  DEEMED  IN  EVERY RESPECT EFFECTIVE SERVICE OF
          PROCESS  UPON THE PARTY IN ANY SUCH SUIT OR PROCEEDING. NOTHING HEREIN
          SHALL AFFECT EITHER PARTY'S RIGHT TO SERVE PROCESS IN ANY OTHER MANNER
          PERMITTED  BY  LAW.  BOTH  PARTIES  AGREE  THAT A FINAL NON-APPEALABLE
          JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE
          ENFORCED  IN  OTHER  JURISDICTIONS  BY SUIT ON SUCH JUDGMENT OR IN ANY
          OTHER  LAWFUL  MANNER. THE PARTY WHICH DOES NOT PREVAIL IN ANY DISPUTE
          ARISING  UNDER  THIS  AGREEMENT  SHALL BE RESPONSIBLE FOR ALL FEES AND
          EXPENSES,  INCLUDING ATTORNEYS' FEES, INCURRED BY THE PREVAILING PARTY
          IN  CONNECTION  WITH  SUCH  DISPUTE.

               E.  In  the event that any provision of this Agreement is invalid
          or  unenforceable  under  any  applicable statute or rule of law, then
          such  provision  shall be deemed inoperative to the extent that it may
          conflict  therewith  and shall be deemed modified to conform with such
          statute  or  rule of law. Any provision hereof which may prove invalid
          or  unenforceable  under  any  law  shall  not  affect the validity or
          enforceability  of  any  other  provision  hereof.

               F.  This  Agreement,  the  Notes, the Warrants and the Securities
          Purchase  Agreement  (including  all  schedules  and exhibits thereto)
          constitute  the entire agreement among the parties hereto with respect
          to  the  subject matter hereof and thereof. There are no restrictions,
          promises,  warranties  or  undertakings, other than those set forth or
          referred  to  herein  and  therein.  This Agreement and the Securities

<PAGE>

          Purchase  Agreement  supersede all prior agreements and understandings
          among the parties hereto with respect to the subject matter hereof and
          thereof.

               G.  Subject  to  the  requirements  of  Section  9  hereof,  this
          Agreement  shall  be  binding  upon  and  inure  to the benefit of the
          parties  and  their  successors  and  assigns.

               H.  The  headings  in  this  Agreement  are  for  convenience  of
          reference  only  and  shall  not  form  part  of,  or  affect  the
          interpretation  of,  this  Agreement.

               I.  This  Agreement  may be executed in two or more counterparts,
          each  of  which  shall  be  deemed  an original but all of which shall
          constitute  one and the same agreement and shall become effective when
          counterparts have been signed by each party and delivered to the other
          party.  This  Agreement, once executed by a party, may be delivered to
          the  other  party  hereto  by facsimile transmission of a copy of this
          Agreement  bearing  the  signature  of  the  party  so delivering this
          Agreement.

               J.  Each  party  shall  do  and  perform, or cause to be done and
          performed,  all  such  further  acts and things, and shall execute and
          deliver  all  such  other  agreements,  certificates,  instruments and
          documents, as the other party may reasonably request in order to carry
          out  the  intent and accomplish the purposes of this Agreement and the
          consummation  of  the  transactions  contemplated  hereby.

               K.  Except  as  otherwise provided herein, all consents and other
          determinations  to be made by the Investors pursuant to this Agreement
          shall  be  made  by  Investors  holding  a majority of the Registrable
          Securities,  determined  as  if  the all of the Notes then outstanding
          have  been  converted  into  for  Registrable  Securities.

               L.  The  Company  acknowledges  that  a  breach  by  it  of  its
          obligations  hereunder will cause irreparable harm to each Investor by
          vitiating  the  intent  and  purpose  of the transactions contemplated
          hereby.  Accordingly,  the Company acknowledges that the remedy at law
          for  breach of its obligations under this Agreement will be inadequate
          and  agrees,  in  the  event  of  a breach or threatened breach by the
          Company  of  any  of  the  provisions  under this Agreement, that each
          Investor  shall  be  entitled,  in  addition  to  all  other available
          remedies  in  law  or  in  equity,  and  in  addition to the penalties
          assessable  herein,  to  an  injunction  or  injunctions  restraining,
          preventing  or  curing  any  breach  of  this Agreement and to enforce
          specifically the terms and provisions hereof, without the necessity of
          showing  economic  loss  and  without any bond or other security being
          required.

               M.  The  language used in this Agreement will be deemed to be the
          language  chosen by the parties to express their mutual intent, and no
          rules  of  strict  construction  will  be  applied  against any party.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

     IN WITNESS WHEREOF, the Company and the Investor have caused this Agreement
to  be  duly  executed  as  of  the  date  first  above  written.

THE WORLD GOLF LEAGUE, INC.

/s/ Michael S. Pagnano
---------------------------------------
Michael S. Pagnano
Chief Executive Officer

DLC CAPITAL GROUP, LLC

/s/ Joseph Fierro
--------------------------------------
Joseph Fierro
Manager

<PAGE>

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