Document:

Exhibit 10.6

                      AMENDMENT TO ASSIGNMENT AND ASSUMPTION AGREEMENT

This  Amendment  dated as of March 8th,  2004, by and among Pyramid Media Group,
Inc.,  a  Florida  corporation  ("PMG"),   Allen  Jacobi,  and  Pyramid  Records
International, Inc., a Florida corporation (the "Company"),

WHEREAS, PMG and the Company entered into an Assignment and Assumption Agreement
dated of even date  herewith  whereby  PMG  assigned  over its right,  title and
interest to a Distribution Agreement with Ark 21 records to the Company, and

WHEREAS,  in accordance  with that  Agreement,  the Company agreed to assume the
payment  obligations  on the Notes  delineated  on Exhibit A hereto (the "Jacobi
Notes"), and

WHEREAS,  the Company has agreed to guaranty the payment Jacobi Notes subject to
the terms and conditions hereof,

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby  acknowledged  by the parties  hereto,  the  parties  hereto
hereby agree as follows:

1.  INCORPORATION  OF  RECITALS.   The  Recitals  set  forth  above  are  hereby
incorporated into this Agreement.

2.  AMENDMENT.  Section 3 of the Assignment and  Assumption  Agreement  shall be
amended as follows:

      (a)   The Company hereby agrees to pay PMG upon the terms set forth in and
            in amount  equal to the sums set forth in an  amended  and  restated
            note attached hereto as Exhibit B (the "Amended and Restated Note");

      (b)   The  Company  shall make the  payments  set forth in the Amended and
            Restated  Note  directly  to the  Note  Holder  upon the  terms  and
            conditions set forth in the Amended and Restated Note.

      (c)   In  consideration of the Note Holder agreeing to enter into modified
            payment and interest  terms under the Amended and Restated  Note, to
            make the  following  payments of principal  on behalf the  borrowers
            under the Jacobi  Notes,  unless the Amended and  Restated  Note has
            otherwise  been fully  satisfied in  accordance  with its terms,  as
            follows: (i) $50,000 upon the Company raising equity capital of $2.1
            million;  (ii) $75,000 upon the Company  raising  equity  capital of
            $3.5 million;  and (iii)  $100,000 upon the Company  raising  equity
            capital of $5.0  million,  (iv)  $100,000  upon the Company  raising
            equity capital of $7.0 million,  and (v) to the extent any principal
            amount is remaining  after the  foregoing,  the balance will be paid
            off in full,  inclusive of  outstanding  interest,  upon the Company
            raising  equity  capital of $10.0  million.  The capital  raises set
            forth in (i) -(v) are  aggregate  sums and  include  amounts  raised
            prior to the date  hereof.  The Company  agrees  that the  foregoing
            payments shall not be in lieu of the monthly  amortization due under
            the Amended and Restated Note, however, once the

<PAGE>

            outstanding  principal  and  interest  are paid in full,  no further
            payments shall be due hereunder. The parties further agree that, for
            purposes of this paragraph 2(c), if the Company raises money through
            convertible  debentures,  50% of such monies shall be deemed  equity
            capital until such time as it is converted to equity,  at which time
            the remaining 50% shall be considered  equity.  Notwithstanding  the
            foregoing  sentence,  the  Company  agrees  that 100% of the capital
            raised from convertible debentures prior to the date hereof shall be
            treated as equity for purposes of this paragraph  2(c). Any payments
            due  hereunder  shall be paid by the Company no later than the tenth
            day of the month following the month the capital was raised.

      (d)   The Company  agrees to provide  monthly  reports on the tenth day of
            each month to the Note  Holders  specifying  the amount of equity or
            convertible debentures raised in each prior month. Additionally, the
            Company will provide a report to Note Holders  specifying the amount
            of equity raised prior to the date hereof, it being represented that
            the Company has heretofore  raised  $1,000,000 in equity and $50,000
            as convertible debentures.

      (e)   Until such time as the Note  Holders  are paid in full,  the Company
            agrees not to prepay any loans made prior to the date  hereof to the
            Company by any of the original  shareholders  of the Company.  Loans
            made to the Company by original  shareholders  after the date hereof
            shall  not  be  subject  to  this  provision.   Notwithstanding  the
            foregoing,  any loan repayments to any third parties shall in no way
            encumber or limit the  Company's  obligation to make the payments to
            the Note Holders pursuant to paragraphs 2(b) and (c) above.

      (f)   The Company  will cause Allen  Jacobi to  transfer  5,000  shares of
            Preferred Stock held by him under his Employment  Agreement with the
            Company to each of the Note Holders simultaneously herewith.

3. No Changes.  All other provisions of the Assignment and Assumption  Agreement
shall remain unchanged and in full force and effect.

      IN WITNESS  WHEREOF,  the parties  hereto have caused this  Assignment and
Assumption Agreement to be executed as of the date first above written.

                                    PYRAMID RECORDS INTERNATIONAL, INC.

                                    By:
                                        ---------------------------------------
                                        Name: David Levy
                                        Title:

                                    PYRAMID MEDIA GROUP, INC.

<PAGE>

                                    By:
                                        ---------------------------------------
                                        Name: Allen Jacobi
                                        Title: CEO

                                    --------------------------------------------
                                    Allen Jacobi

As a Note Holder of the Jacobi Notes  delineated  on Exhibit A hereto,  I hereby
consent to amending and restating the notes as set forth in Exhibit B hereto and
payment of the  obligations  pursuant to said Amended and Restated Note upon the
terms for payment set forth therein and waive all past defaults under the Jacobi
Notes.

---------------------
Ned Siegel

---------------------
Neil StrumExhibit 10.7

                               CORPORATE GUARANTY

WHERAS,  Pyramid Music Corp.  (the  "Guarantor")  hereby agrees to guarantee the
payment  obligations  under the Amended and Restated  Note, by and between Allen
Jacobi  and  Pyramid  Records,  Corp.  ("JACOBI")  and Ned Siegel and Neil Strum
(collectively the "Holders"); and

WHEREAS,  JACOBI is  obligated to pay the Holders  principal  and interest on an
Amended and Restated Note as delineated on Exhibit A hereto (the "Note"); and

WHEREAS,  JACOBI caused an assignment and assumption of a Distribution Agreement
dated  May  1,  2003  by and  between  JACOBI  and  Ark 21  Records,  Inc.  (the
"Distribution Agreement") to the Guarantor; and

WHEREAS,  the  Guarantor  and  JACOBI  executed  an  Assignment  and  Assumption
Agreement respecting the Distribution  Agreement (the "Assignment")  pursuant to
which terms the Guarantor has agreed to guaranty the payment  obligations of the
Note;

NOW, THERFORE, FOR VALUE RECEIVED, receipt of which is hereby acknowledged,  the
undersigned Guarantor,  hereby absolutely and unconditionally  guarantees to the
Holders the payment obligations under the Note.

The  obligation of Guarantor  under this Guaranty  shall be a direct and primary
obligation,  and the Holder shall not be required to exhaust any of the Holder's
rights or  remedies  against  the  Guarantor  prior to making  any  demand on or
invoking  any of the  promises  rights  and  remedies  against a  Guarantor.  In
furtherance of the foregoing,  Holder may proceed,  at one time or  successively
and without notice to any Guarantor,  against any Guarantor,  or against any one
or more of them. In any action brought by Holder against a Guarantor  under this
Guaranty,  no Guarantor  shall be entitled to, and shall not, plead as a defense
that Holder is not legally or equitably insolvent or is dissolved or liquidated,
and each  Guarantor  covenants  and  agrees to pay to the  Holder  all costs and
expenses (including attorney's fees) incurred by Holder in any such action.

This Guaranty and all rights,  obligations  and  liabilities  arising  hereunder
shall be  construed  and  enforced in  accordance  with the laws of the State of
Florida.

This Guaranty shall bind each Guarantor  below and each  Guarantor's  respective
successors  and  assigns,  and shall inure to the benefit of Holder and Holder's
executors,  administrators,  personal  and  legal  representatives,  estate  and
legatees.

IN WITNESS WHEREOF,  this Guaranty has been duly executed by the Guarantor(s) on
the 5th day of March, 2004.

                                          Pyramid Music Corp.

                                          By:
                                             ---------------------
                                          David Levy, President

Attest:

By:
   ----------------------

<PAGE>

                                   EXHIBIT A
                           Amended and Restated Note

                      AMENDED AND RESTATED PROMISSORY NOTE

$350,000                                        March 5, 2004

FOR  VALUE  RECEIVED,   Allen  Jacobi  and  Pyramid  Records  Corp.,  a  Florida
corporation,  11077 Biscayne  Blvd.,  Suite 200, Miami, FL 33161 (the "Company")
hereby  promises to pay to the order of Ned Siegel,  5000 T Rex Ave,  Suite 150,
Boca Raton,  FL 33431 and Neil Strum,  3849 Rambla  Pacifico,  Malibu,  CA 90265
(collectively,  the  "Holder"),  the  principal  sum of Three  Hundred and Fifty
Thousand and 00/100 Dollars ($350,000.00) upon the following terms:

1.  AMENDMENT  AND  RESTATEMENT.  The parties  agree that this Note shall amend,
restate and replace the Notes delineated on Schedule I hereto

2.  INTEREST.  The unpaid principal  balance shall bear interest at a rate of 8%
per annum.

3.  MANNER OF PAYMENT.  The Company  agrees to pay the  principal  and  interest
hereunder in 48 equal monthly  payments of Eight Thousand Five Hundred and Forty
Five and 00/100 Dollars  ($8,545.00)  on the tenth day of each month  commencing
with March 10, 2004 (each  payment  hereunder  being a "Due Date").  The Company
will allocate the payments  hereunder with each Holder receiving 50% of any sums
paid hereunder  unless and until  otherwise  directed in writing by both Holders
from time to time.

4.  PREPAYMENT.  This Note may be  prepaid  in full or part at any time  without
penalty to the Company. Any partial prepayments shall be applied to installments
of principal in inverse order of their maturity.

5. LATE FEES.  In the event  payment is not made within 10 days of the Due Date,
the Company shall pay a late fee equal to $1,000.

6. EVENTS OF DEFAULT.  The entire  principal  balance due under this Note may be
accelerated and become due and payable immediately, at the Holder's option, upon
the  occurrence  of  any  Event  of  Default,  which  is  defined  as any of the
following:

      (a) Failure to pay when due any  payment of  principal,  and such  failure
continues for 20 days; or

      (b) Pyramid  Music Corp.  fails to make the  principal  payments  required
under its Guaranty of even date herewith.

7.  REMEDIES.  Notwithstanding  anything to the  contrary  herein,  any Event of
Default shall allow the Holder to do the following:

<PAGE>

      (a)   accelerate the maturity of this Note and demand immediate payment of
            all outstanding principal; or

      (b)   exercise any and all rights available to it under applicable law.

8.  SECURITY.  All  interest  and  principal  payments due under this Note or to
become due are secured by those assets described in the Security  Agreements and
any and all UCC filings  pertaining  thereto  between  the parties  hereto ( the
"Security").  The parties  hereto  re-affirm and restate the aforesaid  Security
Agreement.

9.  WAIVER.   Except  as  set  forth  herein,  the  Company  hereby  (i)  waives
presentment,   demand,  notice,   protest,  notice  of  protest  and  notice  of
non-payment  and  any  other  notice  required  to be  given  under  the  law in
connection with the delivery, acceptance, performance, default or enforcement of
this Note or any of any  document or  instrument  evidencing  any  security  for
payment of this Note; (ii) consents to any and all delays, extensions,  renewals
or other  modifications  of the Note or waivers of any term hereof or release or
discharge by the Holder of the Company or release,  substitution  or exchange of
any  security or guarantee  for the payment  hereof or the failure to act on the
part of the Holder or any indulgence shown by the Holder,  from time to time and
in one or more instances, (without notice to or further assent from the Company)
and agrees that no such action,  failure to act or failure to exercise any right
or  remedy,  on the part of the  Holder  shall in any way  affect or impair  the
obligations  of the  Company  or be  construed  as a waiver by the Holder of, or
otherwise  affect,  any of the  Holder's  rights  under  this  Note or under any
document or instrument  evidencing any security or guarantee for payment of this
Note; and (iii) agrees to pay in the Event of Default hereunder,  on demand, all
costs and  expenses of  collection  of this Note and/or the  enforcement  of the
Holder's   right  with   respect   to,  or  the   administration,   supervision,
preservation,  protection of, or realization upon, any property securing payment
or guarantee of payment hereof, including reasonable attorneys' fees plus costs,
all such amounts payable as obligations of the Company.

10.  PARTIES IN INTEREST.  All of the terms and provisions of this Note shall be
binding upon,  inure to the benefit of and be enforceable by each of the parties
hereto, and their respective successors,  heirs, personal  representatives,  and
permitted  assigns.  This Note may not be  transferred or assigned by the Holder
except with the written  consent of the Company,  which will not be unreasonably
withheld,  or by  operation of law, and any person  accepting  such  transfer or
assignment  shall take this Note subject to the terms of this Note.  All Notices
and payments  hereunder  shall be forwarded  to the  addresses  set forth in the
Preamble of this Note.

11.  SEVERABILITY.  If any part of this Note is  adjudged  illegal,  invalid  or
unenforceable,  such invalidity or  unenforceability  shall not affect any other
provision of this Note that can be given effect without such provision.

12.  GOVERNING  LAW. This Note shall be governed by, and construed in accordance
with,  the laws of the State of  Florida  without  regard to  conflicts  of laws
principles.

<PAGE>

13.  AMENDMENTS.  This Note may not be  varied,  amended or  modified  except in
writing signed by the Company and the Holder.

      IN WITNESS  WHEREOF,  this Note has been executed by the Company as of the
date and year first above written.

ATTEST:                                   Pyramid Records, Corp.

-------------------------------           ------------------------------
            , Secretary                   Allen Jacobi, President

Personal Guaranty

The undersigned  individual hereby absolutely and unconditionally  guarantees to
the Holder the performance by the Company of each and every covenant,  agreement
and obligation of the Company under this Note including, without limitation, the
payment to the Holder (or, if  applicable,  successors or assignees) of all sums
due under the Note at the time such sums shall be due and payable.

The  obligation of Guarantor  under this Guaranty  shall be a direct and primary
obligation, and the Holder shall not be required to exhaust any of its rights or
remedies  against the Company or any Guarantor  prior to making any demand on or
invoking any of the Holder's rights and remedies  against the Guarantor.  In any
action  brought  by Holder  against  the  Guarantor  under  this  Guaranty,  the
Guarantor  shall not be  entitled  to,  and shall not,  plead as a defense  that
Holder is legally or equitably insolvent or is dissolved or liquidated,  and the
Guarantor  covenants  and  agrees to pay to the  Holder  all costs and  expenses
(including attorney's fees) incurred by Holder in any such action.

The Guarantor hereby (i) waives presentment,  demand, notice, protest, notice of
protest  and notice of  non-payment  and any other  notice  required to be given
under the law in connection with the delivery, acceptance,  performance, default
or enforcement  of the Note or any of any document or instrument  evidencing any
security  for  payment  of this  Note;  (ii)  consents  to any  and all  delays,
extensions,  renewals or other  modifications of the Note or waivers of any term
hereof or  release  or  discharge  by the  Holder  of the  Company  or  release,
substitution  or exchange of any security or guarantee for the payment hereof or
the  failure  to act on the part of the  Holder or any  indulgence  shown by the
Holder,  from time to time and in one or more  instances,  (without notice to or
further assent from the Company) and agrees that no such action,  failure to act
or failure to exercise  any right or remedy,  on the part of the Holder shall in
any way affect or impair the  obligations  of the Company or the Guarantor or be
construed as a waiver by the Holder of, or otherwise affect, any of the Holder's
rights  under  this Note or under any  document  or  instrument  evidencing  any
security or guarantee  for payment of this Note;  and (iii) agrees to pay in the
event of a default hereunder, on demand, all costs and expenses of collection of
this Note and/or the  enforcement  of the Holder's right with respect to, or the

<PAGE>

administration,  supervision,  preservation, protection of, or realization upon,
any  property  securing  payment  or  guarantee  of  payment  hereof,  including
reasonable  attorneys' fees plus costs,  all such amounts payable as obligations
of the Company.

This Guaranty and all rights,  obligations  and  liabilities  arising  hereunder
shall be  construed  and  enforced in  accordance  with the laws of the State of
Florida.

This  Guaranty  shall  bind  the  Guarantor  below  and the  Guarantor's  heirs,
legatees,  representatives,  successors  and  assigns,  and  shall  inure to the
benefit of Holder, its successors and its assigns.

IN WITNESS WHEREOF, this Guaranty has been duly executed by the Guarantor on the
5th day of March, 2004.

                                         Guarantor:

                                         -----------------------
                                         Allen Jacobi

<PAGE>

                                   Schedule I
                         List of Notes Being Guaranteed

1. Promissory Note with Ned Siegel dated August 31, 2001 in the principal amount
of $2,500.00

2.  Promissory  Note with Ned Siegel dated  September  14, 2001 in the principal
amount of $20,000.00

3. Promissory Note with Ned Siegel dated October 5, 2001 in the principal amount
of $15,000.00

4.  Promissory  Note with Ned Siegel  dated  October 26,  2001 in the  principal
amount of $1,200.00

5.  Promissory  Note with Ned Siegel  dated  December  5, 2001 in the  principal
amount of $3,200.00

6.  Promissory  Note with Ned Siegel  dated  December  7, 2001 in the  principal
amount of $10,000.00

7.  Promissory  Note with Ned Siegel dated  November  14, 2001 in the  principal
amount of $5,000.00

8.  Promissory  Note with Ned Siegel dated  November  15, 2001 in the  principal
amount of $10,415.00

9.  Amendment  to  Promissory  Notes  with Ned Siegel  dated  October 5, 2001 in
regards to Promissory Notes dated January 14, 1998 in the amount of $100,000 and
May 4, 1998 in the amount of $12,000

10.  Promissory  Note with Neil Strum dated  January  14, 1998 in the  principal
amount of $50,000.00

11.  Promissory  Note with Neil Strum  dated  February  , 1998 in the  principal
amount of $20,000.00

12. Promissory Note with Neil Strum dated March, 1998 in the principal amount of
$5,500.00

13. Promissory Note with Neil Strum dated March 14, 1998 in the principal amount
of $10,500.00

14. Promissory Note with Neil Strum dated May 4, 1998 in the principal amount of
$12,000.00

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