Exhibit
        10.62
 
 THIS
        NOTE
        HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“ACT”),
        NOR HAS IT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY
        STATE.
        NO TRANSFER OF THIS NOTE WILL BE PERMITTED UNLESS A REGISTRATION STATEMENT
        UNDER
        THE ACT IS IN EFFECT AND AS TO SUCH TRANSFER, THE TRANSFER IS MADE IN ACCORDANCE
        WITH RULE 144 UNDER THE ACT, OR IN THE OPINION OF COUNSEL SATISFACTORY TO
        BORROWER, REGISTRATION UNDER THE ACT IS UNNECESSARY IN ORDER FOR SUCH TRANSFER
        TO COMPLY WITH THE ACT AND WITH APPLICABLE STATE SECURITIES LAWS.
 
 MALIBU
        ENTERTAINMENT GROUP, INC.
 CONVERTIBLE
        PROMISSORY NOTE
 
 Principal
                  Amount:
              Los
                  Angeles, CA$25,000
              December
                  7, 2006
 
 FOR
        VALUE
        RECEIVED, the undersigned, Malibu Entertainment Group, Inc. (“Borrower” or the
“Company”), a Delaware corporation and a wholly owned subsidiary of ORBIT BRANDS
        CORPORATION (“ORBIT”), a Delaware C corporation and a NASDAQ Pink Sheet-listed
        public company, promises to pay to the order of Cleveland BioLabs, Inc.
        (“Lender”), in lawful money of the United States of America, the principal sum
        of Twenty-Five Thousand and No/100 Dollars ($25,000), together with interest
        thereon from the date hereof until this Note is paid in full.
  1.  Repayment
        of the Principal Sum **.** The
        Principal Sum shall be due and payable in one (1) installment of Twenty-Five
        Thousand and No/100 Dollars ($25,000), 365 days following the date set forth
        above (the “ Maturity
        Date ”).
  2.  Interest :
        Interest shall accrue on the Principal Sum commencing the date set forth
        above
        (the “Interest Accrual Date”). From the Interest Accrual Date until the Maturity
        Date, interest shall accrue on the unpaid Principal Sum at the rate of five
        percent (5%) per annum. Unless this Note is converted in accordance with
        Section
        3 below, accrued and unpaid interest shall be payable, together with the
        unpaid
        Principal Sum, on the Maturity Date. If the Maturity Date should fall on
        a
        weekend or national holiday, payment shall be due on the following business
        day.
        Interest on this Note shall be computed on the basis of the actual number
        of
        days elapsed during which the unpaid Principal Sum is outstanding, divided
        by a
        year of three hundred sixty-five (365) days. All payments under this Note
        shall
        be applied first to the payment of accrued and unpaid interest, with the
        remainder applied to the unpaid Principal Sum.
  Increased
        Rate After Maturity Date :
        If, by
        the Maturity Date: (i) this Note has not been converted in accordance with
        its
        terms; or (ii) the Borrower does not repay the Principal Sum and any accrued
        interest thereon, then the interest rate attributable to the Principal Sum
        shall
        increase to the maximum rate allowed by the laws of the State of
        California .
  1
  3. Conversion :
        Lender
        agrees that all principal and interest represented by this Note and any
        subsequent promissory notes entered into between Borrower and Lender, totaling
        up to an aggregate of $150,000, shall convert, on a pro-rated basis, on the
        terms set forth below, into fully paid and non-assessable shares of the
        respective common stock of ORBIT, Borrower, ITREX International Corporation
        (“ITREX”), Malibu Beach Beverage Group, LLC (“MBB”), Smartvoice
        Telecommunications, Inc. (“SVT”) and BBKO Corporation (“BBKO”) (collectively,
        the “Orbit Companies”) at the price (the “Conversion Price”) per share such that
        Borrower shall be issued and own, immediately following confirmation of the
        respective Chapter 11 plans of reorganization of the Orbit Companies, 20%
        of the
        outstanding common stock of ORBIT, 95% of the outstanding common stock of
        Borrower, 95% of the outstanding common stock of BBKO, and 10% of the
        outstanding common stock of each of ITREX, MBB and SVT.
  For
        purposes of the foregoing stock allocations, the total monetary capitalization
        of the Orbit Companies shall be as follows: $70,000 to each of Borrower and
        BBKO; $85,000 to ORBIT, and $25,000 to each of ITREX, MBB and SVT. Furthermore,
        for each of the Orbit Companies (other than ORBIT itself), capitalization
        shall
        be one billion shares of common stock authorized, ten million shares of common
        stock issued, and one million shares of “blank check” preferred stock authorized
        but not issued.
  Accordingly,
        this Note shall convert into common stock of the respective Orbit Companies
        automatically following the confirmation of each of the respective Chapter
        11
        plans of reorganization (“Confirmation”) of Borrower and each of its
        subsidiaries, as specified above, or before Confirmation, upon Borrower’s
        election ;
        provided, however, that Borrower shall not elect to convert the Note before
        Confirmation and provided further, if the terms of the Confirmation are not
        acceptable to Lender in its sole discretion, Lender may elect to retain his
        Note
        and reject conversion .
        The
        common stock received by Lender upon conversion shall be deemed
        registered stock
        pursuant to Title 11 United States Code § 1145 following Confirmation of the
        Orbit Companies’ respective Chapter 11 plans of reorganization.
  In
        the
        event that Confirmation of the Chapter 11 plans of reorganization of at least
        one of the respective Orbit Companies has not occurred by July 31, 2007,
        then
        Lender may elect to retain this Note and reject conversion hereof to common
        stock of any of the Orbit Companies.
  4.  Registration
        of Conversion Shares :
        Any
        shares issued to Lender in accordance with the conversion right set forth
        in
        Section 3 of this Note (the “Conversion Shares”) shall, following the
        conversion, be registered in Lender’s name. ORBIT agrees that Lender shall have
“Piggy back” rights to have such shares included in any registration statement
        filed by ORBIT or any of the Orbit Companies other than a registration statement
        on Form S-4, 1145 or S-8. All expenses of such registration shall be borne
        by
        ORBIT.
  2
  5.  Representations
        and Warranties of Borrower and Orbit :
        Borrower and Orbit each represent and warrant as follows:
 
 **(a)**
              Each
                  of Borrower and Orbit is a corporation duly organized and existing
                  under
                  the laws of the state of Delaware. It has the power to own its
                  property
                  and to carry on its business as it is now being
                  conducted;
 
 **(b)**
              Each
                  of Borrower and Orbit have full power and authority (corporate
                  and other)
                  to borrow the sums provided for in this Note, to execute and deliver
                  this
                  Note and any other instrument or agreement required under this
                  Note, to
                  perform and observe the terms and provisions of this Note and of
                  all such
                  other notes, instruments, and
                  agreements;
 
 **(c)**
              The
                  officers of Borrower and Orbit executing this Note are duly and
                  properly
                  in office and fully authorized to execute it;
                  and
 
 **(d)**
              This
                  Note has been duly authorized, executed, and delivered by each
                  of Borrower
                  and Orbit, and is a legal, valid, and binding agreement of each
                  of Orbit
                  and Borrower, enforceable against it in accordance with its terms,
                  and any
                  other instrument or agreement required under this Note has been
                  so
                  authorized and, when executed and delivered, will be similarly
                  valid,
                  binding, and enforceable.
 
 6.  Events
        of Default :
        The
        occurrence of any of the events set out below (Events of Default) shall,
        at the
        option of the Lender, make all interest and principal remaining due under
        this
        Note immediately due and payable ,
        without
        notice of default, presentment or demand for payment, protest or notice of
        non-payment or dishonor or other notices or demands of any kind, except as
        specified herein :
 
 **(a)**
              Borrower
                  shall fail to pay, within ninety (90) days after the date when
                  due, any
                  installment of interest or principal in accordance with the terms
                  of this
                  Note; or
 
 **(b)**
              Any
                  representation or warranty by Borrower in this Note or in any agreement,
                  instrument, or certificate executed under this Note shall prove
                  to have
                  been false or misleading in any material respect when
                  made.
 
 3
 7.  Notices :
        Any
        communications between the parties or notices provided for in this Note may
        be
        given by mailing them, first class, postage prepaid, and to:
 
 Lender
        at:  Cleveland
        BioLabs, Inc.
 Address: 11000
        Cedar Avenue, Suite 290
 Cleveland, Ohio 44195
 Telephone
        number: (216) 229-2251
 
 and
        to
        Borrower at:
 Malibu
                    Entertainment Group, Inc.
                
                ORBIT
                    BRANDS CORPORATIONc/o
                    Paul A. Beck
                
                c/o
                    Paul A. BeckLaw
                    Offices of Paul A. Beck
                
                Law
                    Offices of Paul A. BeckA
                    Professional Corporation
                
                A
                    Professional Corporation13701
                    Riverside Drive, Suite 701
                
                13701
                    Riverside Drive, Suite 701Sherman
                    Oaks, CA 91423
                
                Sherman
                    Oaks, CA 91423Attention:
                    Joseph R. Cellura
                
                Attention:
                    Joseph R. CelluraChairman
                    and CEO
                
                Chairman
                    and CEO
 or
        to
        such other address as either party may indicate to the other in writing after
        the date of this Note.
 
 8.  Assignment :
        This
        Note shall be binding upon and inure to the benefit of the parties hereto
        and
        their respective successors and assigns; provided, however, that Borrower
        shall
        not assign this Note or any of the rights, duties, or obligations of Borrower
        under this Note without the prior written consent of Lender.
 
 9.  No
        Waiver :
        No
        delay or omission to exercise any right, power, or remedy accruing to Lender
        on
        any breach or default of Borrower under this Note shall impair any such right,
        power, or remedy of Lender, nor shall it be construed to be a waiver of any
        such
        breach or default, or an acquiescence in such breach or default, or waiver
        of or
        acquiescence in any similar breach or default occurring later; nor shall
        any
        waiver of any single breach or default be considered a waiver of any other
        prior
        or subsequent breach or default. Any waiver, permit, consent, or approval
        of any
        kind by Lender of any breach or default under this Note, or any waiver by
        Lender
        of any provision or condition of this Note, must be in writing and shall
        be
        effective only to the extent specifically set forth in that writing. All
        remedies, either under this Note or by law or otherwise afforded to Lender,
        shall be cumulative and not alternative.
 
 10.  Attorneys’
        Fees :
        In the
        event of any legal action or suit in relation to this Note or any note or
        other
        instrument or agreement required under this Note, or in the event that Lender
        incurs any legal expense in protecting its rights under this Note, Borrower,
        in
        addition to all other sums which Borrower may be called on to pay, will pay
        to
        Lender the amount of such legal expense and will, if Lender prevails in such
        action, pay to Lender a reasonable sum for its attorney's fees and all other
        costs and expenses.
  4
 
 11.  Governing
        Law : This
        Note
        shall be interpreted under the laws of the State of California, without giving
        effect to the conflict of law principles thereof.
 Malibu
                  Entertainment Group, Inc.,
                a
                  Delaware corporationByTitle:
                Chairman and CEOORBIT
                  BRANDS CORPORATION,
                a
                  Delaware corporationByTitle:
                Chairman and CEO
  5