EXHIBIT 10.36

                                 PROMISSORY NOTE

$150,000                                                       March 27, 2003


     FOR VALUE  RECEIVED,  the  undersigned,  Cedric  Kushner  Promotions,  Inc.
("Cedric  Kushner  Promotions")  hereby  promises  to pay to the order of Robert
Rudman  ("Rudman")  the  principal  sum of ONE HUNDRED  FIFTY  THOUSAND  DOLLARS
($150,000)  in lawful  money of the  United  States of  America  in  immediately
available funds on or before August 1, 2003 (the "Maturity Date").

     Cedric Kushner  Promotions  agrees to pay a fee (the "Fee") to Rudman equal
to $15,000 on the Maturity Date, such Fee to represent  reimbursement  for legal
and administrative expenses as well as interest on the principal amount.

     Cedric Kushner  Promotions  hereby waives diligence,  presentment,  demand,
protest and notice of any kind  whatsoever.  The nonexercise by Rudman of any of
its rights  hereunder in any  particular  instance shall not constitute a waiver
thereof in that or any subsequent instance.  Cedric Kushner Promotions shall pay
on demand  all  reasonable  out-of-pocket  costs  and  expenses  of  collection,
including  reasonable attorney fees incurred or paid by Rudman in enforcing this
Promissory Note.

     This  Promissory Note shall be construed in accordance with and governed by
the laws of the State of New York. Cedric Kushner  Promotions hereby irrevocably
(i) agrees that any litigation,  action or proceeding arising out of or relating
to this  Promissory  Note may be instituted in any state or federal court in the
State of New York and (ii) waives any  objection  which it may have to the venue
of any such litigation, action or proceeding.

     This  Promissory  Note  cannot be modified  except by a written  instrument
signed by each of Cedric Kushner Promotions and Rudman.

CEDRIC KUSHNER PROMOTIONS, INC.

By: ______________________
Name:
Title:


