0000950136-02-001255 Sample Contracts

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RECITALS
Note and Warrant Purchase Agreement • April 29th, 2002 • Zenascent Inc • Sporting & athletic goods, nec • New York
ZENASCENT, INC.
Zenascent Inc • April 29th, 2002 • Sporting & athletic goods, nec • New York
ZENASCENT, INC. WARRANT TO PURCHASE COMMON STOCK
Zenascent Inc • April 29th, 2002 • Sporting & athletic goods, nec • New York
January 30, 2002
Zenascent Inc • April 29th, 2002 • Sporting & athletic goods, nec

This letter will act as written confirmation that the Consulting Agreement and payment Agreement between Zenascent, Inc. and Investor Relations Services, Inc. and Summit Trading Limited (respectively) has been canceled by the parties and that no payment is currently due and owing to either Investor Relations Services, Inc. or Summit Trading Limited. As per our subsequent agreement, it is contemplated that a new agreement will be entered into between Zenascent, Inc. and Investor Relations Services, Inc. and Summit Trading Limited; as per our recent meeting, the specifics of a proposed new agreement will be discussed in connection with the finalization of the revised merger agreement between Zenascent and Cedric Kushner Promotions/Cedric Kushner Boxing.

ZENASCENT, INC. 10 WEST 33RD STREET, SUITE 705 NEW YORK, NEW YORK 10001
Zenascent Inc • April 29th, 2002 • Sporting & athletic goods, nec • New York
ZENASCENT, INC. 10 WEST 33RD STREET, SUITE 705 NEW YORK, NEW YORK 10001
Zenascent Inc • April 29th, 2002 • Sporting & athletic goods, nec • New York
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