Consultant Agreement

EXHIBIT 10.1

Consultant Agreement

This CONSULTANT AGREEMENT ("Agreement") is made as of this 24th day of

March, 2004, by and among Cedric Kushner Promotions, Inc. (the "Company"), a

Delaware corporation with an address at 1414 Avenue of the Americas, Suite 1402,

New York, New York 10019, and Buster Mathis, Jr. ("Mathis"), an individual with

an address at 2843 South Bayshore Drive, Apartment D9, Miami, Florida 33133.

INTRODUCTION. Cedric Kushner Promotions, Inc. (the "Company") promotes

world champion and top contender boxers through its wholly-owned subsidiary,

Cedric Kushner Promotions, Ltd. In addition to its representation and promotion

efforts, the Company also produces and syndicates world championship boxing

events for distribution worldwide. A program supplier to some of the world's

leading television networks, including HBO, ESPN, and Eurosport, the Company

promotes televised events from venues all around the world. Mathis, a former

heavyweight boxing contender, has numerous contacts among boxers, managers, and

promoters and will assist the Company pursuant to the terms of this Agreement.

1. CONSULTANT. As of the date hereof, the Company hereby engages Mathis as a

"Consultant". As a Consultant, Mathis will: (a) perform the duties of a talent

scout, searching for and introducing to the Company young amateur boxers with

professional potential; (b) attend occasional meetings, events or functions as

reasonably requested by the Company and at the sole pre-paid expense of the

Company; and (c) generally be available by telephone from time to time to advise

and discuss new concepts and projects in development by the Company.

2. COMPENSATION. In consideration for Mathis acting as a Consultant to the

Company, the Company hereby agrees to pay Mathis the sum of $363,000

payable as follows:

(a) $10,000 on or by 3/26;

(b) $10,000 on or by 4/6;

(c) $10,000 per month beginning on May 15, 2004, through the date on which an

aggregate of $363,000 has been paid to Mathis. At the Company's sole and

exclusive option, the Company may elect to accelerate the payment schedule.

At the sole and exclusive option of the Company, in lieu of the monthly

payments set forth in subparagraph 2(c) above, the Company may tender to Mathis

freely tradeable common stock of the Company registered pursuant to Form S-8

sufficient to yield $363,000 less the amounts paid to Mathis pursuant to

subparagraphs 2(a), 2(b), and 2(c) above. The registered s