Document:

Exhibit 10.11

                              CONSULTING AGREEMENT

      THIS CONSULTING AGREEMENT (this "Agreement"), dated as of May 1, 2002, is
between ZENASCENT, INC., a corporation organized under the laws of the State of
Delaware, whose address is 1 Montauk Highway, Southampton, NY 11968 (hereinafter
referred to as the "Company") and STEVEN ANGEL (hereinafter referred to as the
"Consultant").

      WHEREAS, the Consultant was formerly an officer of the Company; and

      WHEREAS, during the period following the merger of a wholly-owned
subsidiary of the Company with and into Cedric Kushner Boxing, Inc. (the
"Merger"), the Company wishes to continue to retain the services of the
Consultant on a consulting basis; and

      WHEREAS, the parties agree, after having a complete understanding of the
services desired and the services to be provided and the Consultant is willing
to provide such services to the Company;

      NOW, THEREFORE, in consideration of the mutual covenants and promises
contained herein, the receipt and sufficiency of which is hereby acknowledged,
the parties agree as follows:

      1.    DUTIES AND INVOLVEMENT.

      The Company hereby engages the Consultant to provide advisory assistance
with respect to regulatory and compliance issues, business development,
transition of new management in assuming the operations of the Company during
the post-Merger period and other matters as reasonably requested by the Company
..

      2.    RELATIONSHIP AMONG THE PARTIES.

      The Parties acknowledge that during the term of this Agreement, the
Consultant will not be acting as an officer or employee of the Company (although
the Consultant shall continue to serve as a director of the Company). However,
in his role as the Consultant, the Consultant is not, and will not, be
responsible for any management decisions on behalf of the Company, and may not
commit the Company to any action. The Company represents that the Consultant
does not have, through stock ownership or otherwise, the power neither to
control the Company, nor to exercise any dominating influences over its
management.

      The Consultant understands and acknowledges that this Agreement shall not
create or imply any agency relationship among the parties, and the Consultant
will not commit the Company in any manner except when a commitment has been
specifically authorized in writing

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by the Company or to the extent the Consultant is acting in his authorized
capacity as director. The Company and the Consultant agree that the relationship
among the parties shall be that of independent contractor.

      3.    EFFECTIVE DATE, TERM AND TERMINATION.

      This Agreement shall be effective on May 1, 2002 and will continue until
July 31, 2002. This three-month Agreement can only be modified if mutually
agreeable and in writing.

      4.    OPTION TO RENEW AND EXTEND.

      Upon written mutual consent of both parties, this agreement may be renewed
at any time prior to the expiration hereof.

      5.    COMPENSATION AND PAYMENT OF EXPENSES.

      The Company agrees to pay the Consultant the sum of $7,000 per month
during the term of this consulting agreement to be paid in weekly installments.
The initial payment shall be on May 17 and shall be for the period of May 1,
2002 through May 17, 2002. The Company shall pay any out-of-pocket expenses
incurred by the Consultant in connection with the performance of any obligations
under this agreement, provided that with respect to any expense which is greater
than or equal to $100.00 the Consultant shall be required to receive the written
approval of the Company.

      6.    SERVICES EXCLUSIVE.

      The Consultant shall be restricted from engaging in other business
activities during the term of this Agreement. It is understood that the
Consultant shall devote his full time and energies to the Company.

      7.    INDEMNIFICATION.

      The Company agrees to indemnify and hold harmless the Consultant from any
losses, claims, damages or liabilities, joint or several, asserted against the
Consultant or to which the Consultant may become liable arising out of his
performance of any services in connection with this agreement.

      8.    CONFIDENTIALITY.

      The Consultant acknowledges that it may have access to confidential
information regarding the Company and its business. The Consultant agrees that
it will not, during or subsequent to the term of this Agreement, divulge,
furnish or make accessible to any person

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(other than with the written permission of the Company) any knowledge or
information or plans of the Company with respect to the Company or its business,
including, but not by way of limitation, the products or technology of the
Company, whether in the concept or development stage, or being marketed by the
Company on the effective date of this Agreement or during the term hereof.

      9.    COVENANT NOT TO COMPETE.

      During the term of this Agreement, the Consultant warrants, represents and
agrees that he will not compete directly with the Company in the Company's
business.

      10.   MISCELLANEOUS PROVISIONS

      Presumption. This Agreement or any section thereof shall not be construed
against any party due to the fact that said Agreement or any section thereof was
drafted by said party.

      Savings Clause. If any provision of this Agreement, or the application of
such provision to any person or circumstance, shall be held invalid, the
remainder of this Agreement, or the application of such provision to persons or
circumstances other than those as to which it is held invalid, shall not be
affected thereby.

      Assignment.  This  Agreement  may not be assigned by either party hereto
without  the  written  consent  of the other,  but shall be  binding  upon the
successors of the parties.

      Consent to Jurisdiction. The parties agree that in the event any dispute
arises out of or relates to this Agreement, or the breach thereof, and if said
dispute cannot be settled through direct discussion, the parties agree that such
dispute shall be adjudicated in the Courts of the State of New York, in New York
County (this includes the Supreme Court of the State of New York and the Civil
Court of the City of New York).

      Governing law. The Agreement shall be construed by and enforced in
accordance with the laws of the State of New York.

      Entire agreement. This Agreement contains the entire understanding and
agreement among the parties. There are no other agreements, conditions or
representations, oral or written, express or implied, with regard thereto. This
Agreement may be amended only in writing signed by all parties.

      Counterparts. This Agreement may be executed in duplicate counterparts,
each of which shall be deemed an original, but all of which together shall
constitute one and the same Agreement. In the event that the document is signed
by one party and faxed to another the parties agree that a faxed signature shall
be binding upon the parties to this agreement as though

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the signature was an original.

      Successors.  The provisions of this Agreement  shall be binding upon all
parties, their successors and assigns.

      IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement to be effective as of the day and year provided herein.

COMPANY:                                     CONSULTANT:
ZENASCENT, INC.

By:  /s/Jim DiLorenso                        /s/Steven Angel
---------------------------------            -----------------------------------
Name: Jim DiLorenzo                          Steven Angel
Title: Executive Vice President

                                       4Exhibit 10.12

                   Form of Note and Warrant Purchase Agreement

                         CEDRIC KUSHNER PROMOTIONS, LTD.

                       NOTE AND WARRANT PURCHASE AGREEMENT

      THIS NOTE AND WARRANT PURCHASE AGREEMENT is made as of the ___ day of
_______, 200_ (the "EFFECTIVE DATE") by and among CEDRIC KUSHNER PROMOTIONS,
LTD., a New York corporation (the "COMPANY"), and [Purchaser] (the "PURCHASER").

The parties hereby agree as follows:

      AMOUNT AND TERMS OF THE LOAN; ISSUANCE OF WARRANTS

      1.1   THE LOAN. Subject to the terms of this Agreement, the Purchaser
            agrees to lend to the Company the amount set forth in the promissory
            note in substantially the form attached hereto as Exhibit A (the
            "NOTE"). The amount of the Note is also the "LOAN AMOUNT." Unless
            otherwise defined, the capitalized terms herein shall have the
            meanings assigned to such terms in the Note.

      1.2   ISSUANCE OF WARRANTS. The Company will sell to the Purchaser, upon
            the closing of the Merger Agreement by and among Cedric Kushner
            Boxing, Inc., the Company, Zenascent, Inc. ("Zenascent"), Cedric
            Kushner and James DiLorenzo, a warrant to purchase [1/2 of the Loan
            Amount] shares of common stock, par value $.001 per share (the
            "Zenascent Common Stock"), of Zenascent (the "Merger Agreement").
            The warrant shall be in substantially the form attached hereto as
            Exhibit B (the "WARRANT"). Prior to issuance of the Warrant, the
            Purchaser hereby agrees to pay to the Company the Aggregate Warrant
            Purchase Price of $0.001 per share covered by the Warrant.

      1.3   The Company and the Purchasers, having adverse interests and as a
            result of arm's length bargaining, agree that:

            (a) Neither the Purchaser nor any affiliated company has rendered
            any services to the Company in connection with this Agreement;

            (b) The Warrant is not being issued as compensation;

            (c) The aggregate fair market value of the Note, if issued apart
            from the Warrant, is $[AMOUNT OF NOTE], and the aggregate fair
            market value of the Warrant, if issued apart from the Note, is
            $0.001 per share covered by the Warrant; and

            (d) All tax returns and other information return of each party
            relative to this Agreement and the Note and Warrant issued pursuant
            hereto shall consistently reflect the matters agreed to in (a)
            through (c) above.

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            THE CLOSING

            1.4   CLOSING DATE. The closing of the purchase and sale of the Note
                  (the "CLOSING") shall be held on the Effective Date, or at
                  such other time as the Company and the Purchaser shall agree
                  (the "CLOSING DATE").

            1.5   DELIVERY. At the Closing (i) the Purchaser will deliver to the
                  Company a check or wire transfer funds in the amount of the
                  Loan Amount; and (ii) the Company shall issue and deliver to
                  the Purchaser a Note in favor of the Purchaser payable in the
                  principal amount of the Loan Amount.

            REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY

            The Company hereby represents and warrants to each Purchaser as
            follows:

            1.6   CORPORATE POWER. The Company will have at the Closing Date all
                  requisite corporate power to execute and deliver this
                  Agreement and to carry out and perform its obligations under
                  the terms of this Agreement.

            1.7   AUTHORIZATION. All corporate action on the part of the
                  Company, its directors and its shareholders necessary for the
                  authorization, execution, delivery and performance of this
                  Agreement by the Company and the performance of the Company's
                  obligations hereunder.

            1.8   OFFERING. Assuming the accuracy of the representations and
                  warranties of the Purchaser contained in Section 4 hereof, the
                  offer, issue, and sale of the Notes and Warrants are and will
                  be exempt from the registration and prospectus delivery
                  requirements of the Securities Act of 1933, as amended (the
                  "1933 Act"), and have been registered or qualified (or are
                  exempt from registration and qualification) under the
                  registration, permit, or qualification requirements of all
                  applicable state securities laws.

            REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

            1.9   PURCHASE FOR OWN ACCOUNT. The Purchaser represents that it is
                  acquiring the Note, the Warrant and the Zenascent Common Stock
                  issuable upon exercise of the Warrant (collectively, the
                  "SECURITIES") solely for its own account and beneficial
                  interest for investment and not for sale or with a view to
                  distribution of the Securities or any part thereof, has no
                  present intention of selling (in connection with a
                  distribution or otherwise), granting any participation in, or
                  otherwise distributing the same, and does not presently have
                  reason to anticipate a change in such intention.

            1.10  INFORMATION AND SOPHISTICATION. The Purchaser acknowledges
                  that it has received all the information it has requested from
                  the Company and it considers necessary or appropriate for
                  deciding whether to acquire the Securities. The Purchaser
                  represents that it has had an opportunity to ask questions and
                  receive answers from the Company and Zenascent regarding

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                  the terms and conditions of the offering of the Securities and
                  to obtain any additional information necessary to verify the
                  accuracy of the information given the Purchaser. The Purchaser
                  further represents that it has such knowledge and experience
                  in financial and business matters that it is capable of
                  evaluating the merits and risk of this investment.

            1.11  ABILITY TO BEAR ECONOMIC RISK. The Purchaser acknowledges that
                  investment in the Securities involves a high degree of risk,
                  and represents that it is able, without materially impairing
                  its financial condition, to hold the Securities for an
                  indefinite period of time and to suffer a complete loss of its
                  investment.

            1.12  ACCREDITED INVESTOR STATUS. The Purchaser is an "ACCREDITED
                  INVESTOR" as such term is defined in Rule 501 under the
                  Securities Act.

            1.13  FURTHER ASSURANCES. The Purchaser agrees and covenants that at
                  any time and from time to time it will promptly execute and
                  deliver to the Company such further instruments and documents
                  and take such further action as the Company may reasonably
                  require in order to carry out the full intent and purpose of
                  this Agreement.

            MISCELLANEOUS

            1.14  BINDING AGREEMENT. The terms and conditions of this Agreement
                  shall inure to the benefit of and be binding upon the
                  respective successors and assigns of the parties. Nothing in
                  this Agreement, express or implied, is intended to confer upon
                  any third party any rights, remedies, obligations, or
                  liabilities under or by reason of this Agreement, except as
                  expressly provided in this Agreement.

            1.15  GOVERNING LAW. This Agreement shall be governed by and
                  construed under the laws of the State of New York as applied
                  to agreements among New York residents, made and to be
                  performed entirely within the State of New York.

            1.16  COUNTERPARTS. This Agreement may be executed in two or more
                  counterparts, each of which shall be deemed an original, but
                  all of which together shall constitute one and the same
                  instrument.

            1.17  TITLES AND SUBTITLES. The titles and subtitles used in this
                  Agreement are used for convenience only and are not to be
                  considered in construing or interpreting this Agreement.

            1.18  NOTICES. Any notice required or permitted under this Agreement
                  shall be given in writing and shall be deemed effectively
                  given upon personal delivery or upon deposit with the United
                  States Post Office, postage prepaid, addressed to the Company
                  at 1 Montauk Highway, Southampton, New York 11968, or to a
                  Purchaser at [ADDRESS OF PURCHASER], or at such

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                  other address as such party may designate by ten (10) days
                  advance written notice to the other party.

            1.19  MODIFICATION; WAIVER. No modification or waiver of any
                  provision of this Agreement or consent to departure therefrom
                  shall be effective unless in writing and approved by the
                  Company and the Purchaser.

            1.20  ENTIRE AGREEMENT. This Agreement and the Exhibits hereto
                  constitute the full and entire understanding and agreement
                  between the parties with regard to the subjects hereof and no
                  party shall be liable or bound to any other in any manner by
                  any representations, warranties, covenants and agreements
                  except as specifically set forth herein.

      IN WITNESS WHEREOF, the parties have executed this NOTE AND WARRANT
PURCHASE AGREEMENT as of the date first written above.

                                          COMPANY:

                                          CEDRIC KUSHNER PROMOTIONS, LTD.

                                          By:
                                             -----------------------------------
                                          Name:
                                          Title:

                                          PURCHASER:

                                          [PURCHASER]

                                          By:
                                              ----------------------------------
                                          Name:
                                          Title:

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