Document:

EX-10.3

            AMENDMENT dated as of June 12, 2006 (this  "AMENDMENT"),
            by and among MIDNIGHT  HOLDINGS GROUP,  INC., a Delaware
            corporation (the "COMPANY"),  and AJW OFFSHORE LTD. (the
            "HOLDER") to the Notes.
            --------------------------------------------------------

            On April 21, 2004, the Company issued a Callable Secured Convertible
Note in the  aggregate  principal  amount of $88,700 to the Holder.  On June 11,
2004, the Company issued a Callable  Secured  Convertible  Note in the aggregate
principal  amount of $88,700 to the Holder.  On December 31,  2005,  the Company
issued a Callable Secured  Convertible Note in the aggregate principal amount of
$1,180,000  to the Holder.  On January 31, 2006,  the Company  issued a Callable
Secured  Convertible  Note in the aggregate  principal amount of $467,200 to the
Holder. On March 6, 2006, the Company issued a Callable Secured Convertible Note
in the aggregate  principal amount of $244,000 to the Holder.  On April 4, 2006,
the  Company  issued  a  Callable  Secured  Convertible  Note  in the  aggregate
principal amount of $244,000 to the Holder. On May 8, 2006, the Company issued a
Callable Secured  Convertible Note in the aggregate principal amount of $212,100
to the  Holder.  On  June  7,  2006,  the  Company  issued  a  Callable  Secured
Convertible Note in the aggregate principal amount of $183,000 to the Holder.

            All   of the Callable Secured  Convertible  Notes referred to in the
preceding paragraph shall collectively be referred to herein as the "Notes". The
parties desire to amend the Notes to clarify Section 1.3 of the Notes.

                                    AMENDMENT
                                    ---------

            1.    Section  1.3 of each of the  Notes  shall  be  deleted  in its
entirety and replaced as follows:

                  "1.3  AUTHORIZED  SHARES.  Subject to the  completion of
      the  Charter   Amendment   Actions  (as  defined  in  the   Purchase
      Agreement),  the  Borrower  covenants  that  during  the  period the
      conversion  right  exists,   the  Borrower  will  reserve  from  its
      authorized and unissued Common Stock a sufficient  number of shares,
      free from preemptive  rights,  to provide for the issuance of Common
      Stock  upon the full  conversion  of this Note and the  other  Notes
      issued pursuant to the Purchase Agreement.  The Borrower is required
      at all times to have authorized and reserved two times the number of
      shares that is actually  issuable upon full  conversion of the Notes
      (based on the Conversion Price of the Notes or the Exercise Price of
      the Warrants in effect from time to time) (the  "RESERVED  AMOUNT").
      The  Reserved  Amount  shall  be  increased  from  time  to  time in
      accordance with the Borrower's  obligations pursuant to Section 4(h)
      of  the  Purchase  Agreement.  The  Borrower  represents  that  upon
      issuance,  such shares will be duly and validly  issued,  fully paid
      and  non-assessable.  In addition,  if the Borrower  shall issue any
      securities or make any change to its capital  structure  which would
      change  the  number of shares of Common  Stock  into which the Notes
      shall be  convertible  at the then  current  Conversion  Price,  the
      Borrower  shall at the  same  time  make  proper  provision  so that
      thereafter  there shall be a  sufficient  number of shares of Common
      Stock  authorized and reserved,  free from

<PAGE>

      preemptive  rights,  for conversion of the  outstanding  Notes.  The
      Borrower (i)  acknowledges  that it has  irrevocably  instructed its
      transfer agent to issue  certificates  for the Common Stock issuable
      upon  conversion of this Note,  and (ii) agrees that its issuance of
      this Note shall constitute full authority to its officers and agents
      who are charged with the duty of  executing  stock  certificates  to
      execute and issue the  necessary  certificates  for shares of Common
      Stock in accordance with the terms and conditions of this Note.

                  If, at any time a Holder  of this Note  submits a Notice
      of Conversion,  and the Borrower does not have sufficient authorized
      but  unissued  shares  of Common  Stock  available  to  effect  such
      conversion  in accordance  with the  provisions of this Article I (a
      "CONVERSION  DEFAULT"),  subject to Section 4.8, the Borrower  shall
      issue to the Holder all of the shares of Common Stock which are then
      available to effect such conversion.  The portion of this Note which
      the Holder  included in its Conversion  Notice and which exceeds the
      amount which is then  convertible  into  available  shares of Common
      Stock (the "EXCESS AMOUNT") shall,  notwithstanding  anything to the
      contrary  contained herein,  not be convertible into Common Stock in
      accordance  with the terms hereof until (and at the Holder's  option
      at any time after) the date  additional  shares of Common  Stock are
      authorized by the Borrower to permit such conversion,  at which time
      the Conversion  Price in respect  thereof shall be the lesser of (i)
      the  Conversion  Price on the  Conversion  Default  Date (as defined
      below)  and  (ii)  the  Conversion  Price  on  the  Conversion  Date
      thereafter  elected by the Holder in respect  thereof.  In addition,
      the Borrower shall pay to the Holder payments  ("CONVERSION  DEFAULT
      PAYMENTS") for a Conversion  Default in the amount of (x) the SUM OF
      (1) the then  outstanding  principal  amount  of this  Note PLUS (2)
      accrued and unpaid interest on the unpaid  principal  amount of this
      Note  through the  Authorization  Date (as  defined  below) PLUS (3)
      Default Interest,  if any, on the amounts referred to in clauses (1)
      and/or (2), MULTIPLIED BY (y) .24, MULTIPLIED BY (z) (N/365),  where
      N = the number of days from the day the  holder  submits a Notice of
      Conversion  giving rise to a  Conversion  Default  (the  "CONVERSION
      DEFAULT  DATE")  to the date  (the  "AUTHORIZATION  DATE")  that the
      Borrower authorizes a sufficient number of shares of Common Stock to
      effect conversion of the full outstanding  principal balance of this
      Note.  The  Borrower  shall  use its best  efforts  to  authorize  a
      sufficient  number of shares of Common Stock as soon as  practicable
      following the earlier of (i) such time that the Holder  notifies the
      Borrower or that the Borrower otherwise becomes aware that there are
      or likely will be  insufficient  authorized  and unissued  shares to
      allow full  conversion  thereof and (ii) a Conversion  Default.  The
      Borrower  shall send  notice to the Holder of the  authorization  of
      additional  shares of Common Stock, the  Authorization  Date and the
      amount of Holder's accrued Conversion Default Payments.  The accrued
      Conversion Default Payments for each calendar month shall be paid in
      cash or shall be  convertible  into  Common  Stock  (at such time as
      there are  sufficient  authorized  shares  of  Common  Stock) at the
      applicable Conversion Price, at the Borrower's option, as follows:

                                      -2-
<PAGE>

                        (a) In the event the Borrower  elects to make such
      payment in cash,  cash payment  shall be made to Holder by the fifth
      (5th) day of the month  following the month in which it has accrued;
      and

                        (b) In the event the Borrower  elects to make such
      payment in Common Stock,  the Holder may convert such payment amount
      into Common Stock at the Conversion  Price (as in effect at the time
      of  conversion)  at any  time  after  the  fifth  day  of the  month
      following the month in which it has accrued in  accordance  with the
      terms of this  Article  I (so  long as  there  is then a  sufficient
      number of authorized shares of Common Stock).

                  The Borrower's  election shall be made in writing to the
      Holder at any time prior to 6:00 p.m.,  New York,  New York time, on
      the third day of the month  following the month in which  Conversion
      Default payments have accrued.  If no election is made, the Borrower
      shall be deemed  to have  elected  to remit  Common  Stock.  Nothing
      herein shall limit the Holder's  right to pursue actual  damages (to
      the extent in excess of the  Conversion  Default  Payments)  for the
      Borrower's  failure to maintain a  sufficient  number of  authorized
      shares of Common  Stock,  and each  holder  shall  have the right to
      pursue all remedies  available at law or in equity (including degree
      of specific performance and/or injunctive relief)."

            2.    Each   party   agrees  to  execute   such   other   documents,
instruments,  agreements  and  consents,  and take such other  actions as may be
reasonably  requested by the other parties  hereto to effectuate the purposes of
this Amendment.

            3.    No  modification,  amendment or waiver of any provision of, or
consent required by, this Amendment,  nor any consent to any departure herefrom,
shall be  effective  unless it is in writing  and signed by each of the  parties
hereto. Such modification,  amendment, waiver or consent shall be effective only
in the specific instance and for the purpose for which given.

            4.    This  Amendment  may be executed in one or more  counterparts,
each of  which  shall  be  deemed  an  original  instrument,  but  all of  which
collectively shall constitute one and the same Amendment.

            5.    This  Amendment  shall  inure  to the  benefit  of each of the
parties  hereto  and all their  respective  successors  and  permitted  assigns.
Nothing in this Amendment is intended or shall be construed to give to any other
person,  firm or corporation any legal or equitable right, remedy or claim under
or in respect of this Amendment or any provision herein contained.

            6.    THIS  AMENDMENT   SHALL  BE  GOVERNED  BY,  AND  CONSTRUED  IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ANY
CHOICE OR CONFLICT OF LAWS PROVISIONS).

                                      -3-
<PAGE>

            7.    This   Amendment    supersedes   all   prior   amendments   or
understandings among the parties relating to this Amendment. Except as set forth
above,  the  provisions  of the Notes  shall  remain in full force and effect as
originally stated therein.

                [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

                                      -4-
<PAGE>

      IN WITNESS  WHEREOF,  the parties have executed  this  Amendment as of the
date first above written.

                                        MIDNIGHT HOLDINGS GROUP, INC.

                                        By:   /s/ Nicholas A. Cocco
                                           ------------------------------------
                                              Name:  Nicholas A. Cocco
                                              Title: Chief Executive Officer

                                        AJW OFFSHORE, LTD.
                                        By:  First Street Manager II, LLC

                                        By:   /s/ Corey S. Ribotsky
                                           ------------------------------------
                                              Name:  Corey S. Ribotsky
                                              Title: Manager

                                      -5-EX-10.4

            AMENDMENT dated as of June 12, 2006 (this  "AMENDMENT"),
            by and among MIDNIGHT  HOLDINGS GROUP,  INC., a Delaware
            corporation (the "COMPANY"),  and NEW MILLENNIUM CAPITAL
            PARTNERS II, LLP (the "HOLDER") to the Notes.
            --------------------------------------------------------

            On April 21, 2004, the Company issued a Callable Secured Convertible
Note in the  aggregate  principal  amount of $10,175 to the Holder.  On June 11,
2004, the Company issued a Callable  Secured  Convertible  Note in the aggregate
principal  amount of $10,175 to the Holder.  On December 31,  2005,  the Company
issued a Callable Secured  Convertible Note in the aggregate principal amount of
$52,000 to the  Holder.  On January  31,  2006,  the  Company  issued a Callable
Secured  Convertible  Note in the aggregate  principal  amount of $12,000 to the
Holder. On March 6, 2006, the Company issued a Callable Secured Convertible Note
in the aggregate principal amount of $4,000 to the Holder. On April 4, 2006, the
Company issued a Callable Secured  Convertible  Note in the aggregate  principal
amount of $4,000 to the Holder.  On May 8, 2006,  the Company  issued a Callable
Secured  Convertible  Note in the  aggregate  principal  amount of $4,550 to the
Holder. On June 7, 2006, the Company issued a Callable Secured  Convertible Note
in the aggregate principal amount of $3,900 to the Holder.

            All of the Callable  Secured  Convertible  Notes  referred to in the
preceding paragraph shall collectively be referred to herein as the "Notes". The
parties desire to amend the Notes to clarify Section 1.3 of the Notes.

                                    AMENDMENT
                                    ---------

            1.    Section  1.3 of each of the  Notes  shall  be  deleted  in its
entirety and replaced as follows:

                  "1.3  AUTHORIZED  SHARES.  Subject to the  completion of
      the  Charter   Amendment   Actions  (as  defined  in  the   Purchase
      Agreement),  the  Borrower  covenants  that  during  the  period the
      conversion  right  exists,   the  Borrower  will  reserve  from  its
      authorized and unissued Common Stock a sufficient  number of shares,
      free from preemptive  rights,  to provide for the issuance of Common
      Stock  upon the full  conversion  of this Note and the  other  Notes
      issued pursuant to the Purchase Agreement.  The Borrower is required
      at all times to have authorized and reserved two times the number of
      shares that is actually  issuable upon full  conversion of the Notes
      (based on the Conversion Price of the Notes or the Exercise Price of
      the Warrants in effect from time to time) (the  "RESERVED  AMOUNT").
      The  Reserved  Amount  shall  be  increased  from  time  to  time in
      accordance with the Borrower's  obligations pursuant to Section 4(h)
      of  the  Purchase  Agreement.  The  Borrower  represents  that  upon
      issuance,  such shares will be duly and validly  issued,  fully paid
      and  non-assessable.  In addition,  if the Borrower  shall issue any
      securities or make any change to its capital  structure  which would
      change  the  number of shares of Common  Stock  into which the Notes
      shall be  convertible  at the then  current  Conversion  Price,  the
      Borrower  shall at the  same  time  make  proper  provision  so that
      thereafter  there shall be a

<PAGE>

      sufficient number of shares of Common Stock authorized and reserved,
      free from  preemptive  rights,  for  conversion  of the  outstanding
      Notes.  The  Borrower  (i)  acknowledges  that  it  has  irrevocably
      instructed its transfer agent to issue  certificates  for the Common
      Stock  issuable upon  conversion of this Note,  and (ii) agrees that
      its  issuance of this Note shall  constitute  full  authority to its
      officers and agents who are charged with the duty of executing stock
      certificates  to execute and issue the  necessary  certificates  for
      shares of Common Stock in accordance  with the terms and  conditions
      of this Note.

                  If, at any time a Holder  of this Note  submits a Notice
      of Conversion,  and the Borrower does not have sufficient authorized
      but  unissued  shares  of Common  Stock  available  to  effect  such
      conversion  in accordance  with the  provisions of this Article I (a
      "CONVERSION  DEFAULT"),  subject to Section 4.8, the Borrower  shall
      issue to the Holder all of the shares of Common Stock which are then
      available to effect such conversion.  The portion of this Note which
      the Holder  included in its Conversion  Notice and which exceeds the
      amount which is then  convertible  into  available  shares of Common
      Stock (the "EXCESS AMOUNT") shall,  notwithstanding  anything to the
      contrary  contained herein,  not be convertible into Common Stock in
      accordance  with the terms hereof until (and at the Holder's  option
      at any time after) the date  additional  shares of Common  Stock are
      authorized by the Borrower to permit such conversion,  at which time
      the Conversion  Price in respect  thereof shall be the lesser of (i)
      the  Conversion  Price on the  Conversion  Default  Date (as defined
      below)  and  (ii)  the  Conversion  Price  on  the  Conversion  Date
      thereafter  elected by the Holder in respect  thereof.  In addition,
      the Borrower shall pay to the Holder payments  ("CONVERSION  DEFAULT
      PAYMENTS") for a Conversion  Default in the amount of (x) the SUM OF
      (1) the then  outstanding  principal  amount  of this  Note PLUS (2)
      accrued and unpaid interest on the unpaid  principal  amount of this
      Note  through the  Authorization  Date (as  defined  below) PLUS (3)
      Default Interest,  if any, on the amounts referred to in clauses (1)
      and/or (2), MULTIPLIED BY (y) .24, MULTIPLIED BY (z) (N/365),  where
      N = the number of days from the day the  holder  submits a Notice of
      Conversion  giving rise to a  Conversion  Default  (the  "CONVERSION
      DEFAULT  DATE")  to the date  (the  "AUTHORIZATION  DATE")  that the
      Borrower authorizes a sufficient number of shares of Common Stock to
      effect conversion of the full outstanding  principal balance of this
      Note.  The  Borrower  shall  use its best  efforts  to  authorize  a
      sufficient  number of shares of Common Stock as soon as  practicable
      following the earlier of (i) such time that the Holder  notifies the
      Borrower or that the Borrower otherwise becomes aware that there are
      or likely will be  insufficient  authorized  and unissued  shares to
      allow full  conversion  thereof and (ii) a Conversion  Default.  The
      Borrower  shall send  notice to the Holder of the  authorization  of
      additional  shares of Common Stock, the  Authorization  Date and the
      amount of Holder's accrued Conversion Default Payments.  The accrued
      Conversion Default Payments for each calendar month shall be paid in
      cash or shall be  convertible  into  Common  Stock  (at such time as
      there are  sufficient  authorized  shares  of  Common  Stock) at the
      applicable Conversion Price, at the Borrower's option, as follows:

                                      -2-
<PAGE>

                        (a) In the event the Borrower  elects to make such
      payment in cash,  cash payment  shall be made to Holder by the fifth
      (5th) day of the month  following the month in which it has accrued;
      and

                        (b) In the event the Borrower  elects to make such
      payment in Common Stock,  the Holder may convert such payment amount
      into Common Stock at the Conversion  Price (as in effect at the time
      of  conversion)  at any  time  after  the  fifth  day  of the  month
      following the month in which it has accrued in  accordance  with the
      terms of this  Article  I (so  long as  there  is then a  sufficient
      number of authorized shares of Common Stock).

                  The Borrower's  election shall be made in writing to the
      Holder at any time prior to 6:00 p.m.,  New York,  New York time, on
      the third day of the month  following the month in which  Conversion
      Default payments have accrued.  If no election is made, the Borrower
      shall be deemed  to have  elected  to remit  Common  Stock.  Nothing
      herein shall limit the Holder's  right to pursue actual  damages (to
      the extent in excess of the  Conversion  Default  Payments)  for the
      Borrower's  failure to maintain a  sufficient  number of  authorized
      shares of Common  Stock,  and each  holder  shall  have the right to
      pursue all remedies  available at law or in equity (including degree
      of specific performance and/or injunctive relief)."

            2.    Each   party   agrees  to  execute   such   other   documents,
instruments,  agreements  and  consents,  and take such other  actions as may be
reasonably  requested by the other parties  hereto to effectuate the purposes of
this Amendment.

            3.    No  modification,  amendment or waiver of any provision of, or
consent required by, this Amendment,  nor any consent to any departure herefrom,
shall be  effective  unless it is in writing  and signed by each of the  parties
hereto. Such modification,  amendment, waiver or consent shall be effective only
in the specific instance and for the purpose for which given.

            4.    This  Amendment  may be executed in one or more  counterparts,
each of  which  shall  be  deemed  an  original  instrument,  but  all of  which
collectively shall constitute one and the same Amendment.

            5.    This  Amendment  shall  inure  to the  benefit  of each of the
parties  hereto  and all their  respective  successors  and  permitted  assigns.
Nothing in this Amendment is intended or shall be construed to give to any other
person,  firm or corporation any legal or equitable right, remedy or claim under
or in respect of this Amendment or any provision herein contained.

            6.    THIS  AMENDMENT   SHALL  BE  GOVERNED  BY,  AND  CONSTRUED  IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ANY
CHOICE OR CONFLICT OF LAWS PROVISIONS).

                                      -3-
<PAGE>

            7.    This   Amendment    supersedes   all   prior   amendments   or
understandings among the parties relating to this Amendment. Except as set forth
above,  the  provisions  of the Notes  shall  remain in full force and effect as
originally stated therein.

                [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

                                      -4-
<PAGE>

-5-

         IN WITNESS WHEREOF,  the parties have executed this Amendment as of the
date first above written.

                                        MIDNIGHT HOLDINGS GROUP, INC.

                                        By:    /s/ Nicholas A. Cocco
                                           ------------------------------------
                                               Name:  Nicholas A. Cocco
                                               Title: Chief Executive Officer

                                        NEW MILLENNIUM CAPITAL PARTNERS II, LLP
                                        By:  First Street Manager II, LLC

                                        By:    /s/ Corey S. Ribotsky
                                           ------------------------------------
                                               Name:  Corey S. Ribotsky
                                               Title: Manager

                                      -5-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]