Document:

Exhibit 10.27

                            STOCK PURCHASE AGREEMENT

      This Stock Purchase Agreement (the "Agreement") is made as of 11 November,
2004,  by and between  AGU  Entertainment  Corp.,  a Colorado  corporation  (the
"Corporation"), and Elizabeth Buntrock (the "Purchaser" ).

      The Corporation and the Purchaser hereby agrees as follows:

                                   SECTION 1.

                  Authorization, Purchase and Sale of the Stock

      1.1  Authorization  of the  Stock.  The  Corporation  has  authorized  the
issuance and sale to the Purchaser of 250,000 shares of the Corporation's common
stock (the "Stock") as a payment of a portion of the Purchase  Price pursuant to
the Agreement for Purchase and Sale dated September 10, 2004 between the parties
hereto (the "Purchase Transaction").

      1.2 Sale and  Purchase of the Stock.  At the Closing (as defined  herein),
subject  to  the  terms  and   conditions   hereof  and  in  reliance  upon  the
representations, warranties and agreements contained herein, Purchaser agrees to
purchase at the Closing and the Corporation  agrees to issue to Purchaser at the
Closing, that number of shares of the Stock set forth in Section 1.1 above.

                                   SECTION 2.

                          Closing, Payment and Delivery

      2.1 Closing Date and Place of Closing.  The purchase and sale of the stock
shall take place at the offices of the  Corporation,  at the time of the closing
of the Purchase Transaction,  or at such other time and place as the Corporation
and the Purchaser mutually agree upon orally or in writing (which time and place
are designated as the "Closing").

      2.2 Payment and Delivery.  Within three business days of the Closing,  the
Corporation will deliver to Purchasers' counsel a stock certificate representing
the Stock.

      2.3  Covenant  of Best  Efforts and Good Faith.  The  Corporation  and the
Purchaser agree to use their respective best efforts and to act in good faith to
cause to occur all conditions to Closing which are in their respective control.

                                   SECTION 3.

                Representations and Warranties of the Corporation

      The Corporation hereby represents and warrants to the Purchaser that:

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      3.1  Incorporation.  The  Corporation  is a  corporation  duly  organized,
validly  existing and in good  standing  under the laws of the State of Colorado
and is qualified to do business in each  jurisdiction  in which the character of
its properties or the nature of its business requires such qualification, except
where the failure to so qualify  would not have a material  adverse  effect upon
the Corporation's financial condition, business, assets or results of operations
(hereafter,  a "Material  Adverse  Effect").  The  Corporation has all requisite
corporate power and authority to carry on its business as now conducted.

      3.2  Authorization.  All corporate  action on the part of the Corporation,
its  officers,  directors  and  stockholders  necessary  for the  authorization,
execution,  delivery and  performance of this Agreement and the  consummation of
the transactions contemplated herein has been taken. When executed and delivered
by the Corporation, this Agreement shall constitute the legal, valid and binding
obligation of the Corporation, enforceable against the Corporation in accordance
with its terms, except (i) as limited by bankruptcy, insolvency, reorganization,
moratorium  and other  laws of  general  application  affecting  enforcement  of
creditors'  rights   generally;   (ii)  as  limited  by  laws  relating  to  the
availability  of  specific  performance,  injunctive  relief or other  equitable
remedies;  and (iii) to the extent the indemnification  provisions  contained in
this Agreement may be limited by applicable  federal or state  securities  laws.
The Corporation  has all requisite  corporate power to enter into this Agreement
and to carry out and perform its obligations under the terms of this Agreement.

      3.3 Valid  Issuance of the Stock.  The Stock being issued to the Purchaser
hereunder will, upon issuance  pursuant to the terms hereof,  be duly authorized
and  validly  issued,  fully  paid,  nonassessable  and  free  of any  liens  or
encumbrances  created by the Corporation and will,  assuming the accuracy of the
representations  and warranties made by the Purchaser to the Corporation,  be in
compliance with applicable state and federal securities laws.

      3.4   Consents.   All   consents,   approval,   orders,    authorizations,
registrations,   qualifications,  and  filings  required  on  the  part  of  the
Corporation  to be obtained or made prior to the Closing in connection  with the
execution,  delivery or performance of this Agreement,  and the  consummation of
the  transactions  contemplated  herein  have been  obtained  or made or will be
obtained or made, prior to the Closing.

      3.5 No  Conflict.  The  execution  and  delivery of this  Agreement by the
Corporation and the  consummation of the transactions  contemplated  hereby will
not  conflict  with or result in any  violation  of or default  (with or without
notice or lapse of time, or both) under, or give rise to a right of termination,
cancellation  or  acceleration  of any  obligation  or to a loss  of a  material
benefit  or give rise to an event  which  results in the  creation  of any lien,
charge or encumbrance upon any of the  Corporation's  properties or assets under
(i) any provision of the  Certificate  or Bylaws of the  Corporation or (ii) any
agreement or instrument,  permit, franchise,  license, judgment, order, statute,
law,  ordinance,  rule or  regulations,  applicable  to the  Corporation  or its
respective properties or assets.

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      3.6 Brokers or Finders.  The  Corporation has not dealt with any broker or
finder in connection with the transactions  contemplated by this Agreement,  and
the Corporation has not incurred,  and shall not incur,  directly or indirectly,
any liability for any  brokerage or finders' fees or agents  commissions  or any
similar   charges  in  connection   with  this  Agreement  or  any   transaction
contemplated hereby.

                                   SECTION 4.

                 Representations and Warranties of the Purchaser

  Purchaser hereby represents, warrants and covenants to the Corporation that:

      4.1  Authorization.  The Purchaser has full right,  power and authority to
enter into this Agreement,  and such agreement constitutes its valid and legally
binding  obligation,  enforceable  in accordance  with its terms,  except (i) as
limited by applicable  bankruptcy,  insolvency,  reorganization,  moratorium and
other laws of general  application  affecting  enforcement of creditors'  rights
generally,  (ii) as limited by laws  relating  to the  availability  of specific
performance,  injunctive  relief or other equitable  remedies,  and (iii) to the
extent the indemnification provisions contained in this Agreement may be limited
by applicable federal or state securities laws.

      4.2 Purchase  Entirely for Own  Account.  This  Agreement is made with the
Purchaser in reliance upon such Purchaser's  representation  to the Corporation,
which by such  Purchaser's  execution of this  Agreement  the  Purchaser  hereby
confirms,  that the Stock to be received by such  Purchaser will be acquired for
investment for the Purchaser's own account,  not as a nominee or agent,  and not
with a view to the  resale or  distribution  of any part  thereof,  and that the
Purchaser has no present intention of selling,  granting any participation in or
otherwise  distributing  the same. By executing  this  Agreement,  the Purchaser
further represents that such Purchaser does not have any contract,  undertaking,
agreement  or   arrangement   with  any  person  to  sell,   transfer  or  grant
participations to such person or to any third person, with respect to any of the
Stock.

      4.3 Disclosure of Information. The Purchaser,  individually or through its
investment  advisor  believes it has received all the  information  it considers
necessary  or  appropriate  for  deciding  whether to  purchase  the Stock.  The
Purchaser  further  represents  that,  individually  or through  its  investment
advisor it has had an opportunity to ask questions and receive  answers from the
Corporation  regarding the terms and conditions of the offering of the Stock and
the business, properties, prospects and financial condition of the Corporation.

      4.4 Investment Experience. The Purchaser acknowledges that it can bear the
economic risk of its investment, and has, individually or through its investment
advisor such knowledge and  experience in financial or business  matters that it
is capable of evaluating the merits and risks of the investment in the Stock. If
other  than an  individual,  the  Purchaser  also  represents  it has  not  been
organized for the purpose of acquiring the Stock.

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      4.5 Accredited Investor.  The Investor is an "accredited  investor" within
the meaning of SEC Rule 501 of Regulation D as presently in effect.

      4.6 Restricted Securities.  The Purchaser understands that the Stock it is
purchasing  are  characterized  as  "restricted  securities"  under the  federal
securities  laws inasmuch as they are being  acquired from the  Corporation in a
transaction  not  involving  a public  offering  and that  under  such  laws and
applicable  regulations such Securities may be resold without registration under
the Act only in certain  limited  circumstances.  In the absence of an effective
registration  statement  covering the Securities or an available  exemption from
registration  under  the  Act,  the  Stock  must be held  indefinitely.  In this
connection,  such Purchaser represents that it is familiar with SEC Rule 144, as
presently in effect, and understands the resale limitations  imposed thereby and
by the Act,  including  without  limitation  the Rule 144 condition that current
information about the Corporation be available to the public.

      4.7 Further  Limitations on  Disposition.  Without in any way limiting the
representations  set forth above,  the Purchaser  further agrees not to make any
disposition of all or any portion of the Stock unless:

            (a)  there is then in  effect a  registration  statement  under  the
Securities Act covering such proposed  disposition and such  disposition is made
in accordance with such registration statement; or

            (b) it is made in compliance with Rule 144; or

            (c) the  Purchaser  shall have (i) notified the  Corporation  of the
proposed  disposition and shall have furnished the  Corporation  with a detailed
statement  of the  circumstances  surrounding  the  proposed  disposition,  (ii)
provided  a  written  agreement  from  the  transferee  for the  benefit  of the
Corporation  to be  bound  by the  Section  4, and  (iii)  if  requested  by the
Corporation, such Purchaser shall have furnished the Corporation with an opinion
of counsel,  reasonably  satisfactory to the Corporation  that such  disposition
will not require  registration  of such shares  under the Act. It is agreed that
the  Corporation  will not require  opinions of counsel  for  transactions  made
pursuant to Rule 144 except in unusual circumstances.

            (d) Notwithstanding any of the foregoing, transfers to principals of
or investment advisory clients shall be permitted without any consent, statement
or legal opinion.

      4.8 Legends.  It is understood that the certificates  evidencing the Stock
it is purchasing may bear the following legend:

      "THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF
      1933 OR ANY STATE  SECURITIES  LAWS.  THEY MAY NOT BE SOLD OR OFFERED  FOR
      SALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION

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      STATEMENT AS TO THE  SECURITIES  UNDER SAID ACT AND ANY  APPLICABLE  STATE
      SECURITIES LAW OR AN OPINION OF COUNSEL  SATISFACTORY  TO THE  CORPORATION
      THAT SUCH REGISTRATION IS NOT REQUIRED."

      4.9 Purchaser Counsel. The Purchaser acknowledges that such Purchaser and,
if applicable,  its advisors has had the  opportunity to review this  Agreement,
the exhibits and schedules attached hereto and the transactions  contemplated by
this Agreement  with such  Purchaser's  own legal counsel.  Purchaser is relying
solely on such  Purchaser's  legal  counsel and not on the  Corporation's  legal
counsel,  for legal advice with respect to this  investment or the  transactions
contemplated by this Agreement.

                                   SECTION 5.

                   Conditions to Obligations of the Purchaser

      The  obligation of the  Purchasers to purchase the Stock is subject to the
fulfillment on or prior to the Closing Date of each of the following conditions:

      5.1 Representations and Warranties.  The representations and warranties of
the  Corporation  shall be true and  correct  in all  material  respects  on the
Closing Date as if made on such Date and the  Corporation  shall have an officer
provide a certificate as of the Closing Date attesting to such fact.

      5.2  Performance.  All covenants,  agreements and conditions  contained in
this  Agreement to be performed or complied with by the  Corporation on or prior
to the Closing Date shall have been  performed or complied  with in all material
respects.

      5.3 Legal Issuance.  At the time of the Closing, the issuance and purchase
of the Stock shall be legally permitted by all laws and regulations to which the
Purchaser and the Corporation are subject.

      5.4  Proceedings  and  Documents.  All corporate and other  proceedings in
connection  with the  transactions  contemplated  hereby and all  documents  and
instruments  incident to such  transactions  shall be  satisfactory  in form and
substance to the Purchaser and its counsel.

                                   SECTION 6.

                  Conditions to Obligations of the Corporation

      The  Corporation's  obligation  to  sell  the  Stock  is  subject  to  the
fulfillment on or prior to the Closing Date of each of the following conditions:

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      6.1  Representations  and Warranties . The  representations and warranties
made by the Purchaser shall be true and correct in all material  respects on the
Closing Date.

      6.2 Legal Issuance.  At the time of the Closing, the issuance and purchase
of the Stock shall be legally permitted by all laws and regulations to which the
Purchaser and the Corporation are subject.

      6.3  Consideration.   The  Corporation  shall  concurrently   receive  the
consideration for the Stock as provided in the Purchase Transaction.

      The   Corporation's   execution  of  this  Agreement  shall  evidence  its
acknowledgement  that  the  foregoing  conditions  have  been  satisfied  by the
Purchaser.

                                   SECTION 7.

                              Covenant to Register

      7.1 For purposes of this Section 7, the following definitions shall apply:

            (1) The terms "register",  "registered", and "registration" refer to
a  registration  under the  Securities  Act effected by  preparing  and filing a
registration  statement or similar  documents in compliance  with the Securities
Act or an amendment thereto, and the declaration or ordering of effectiveness of
such registration statement, document or amendment thereto.

            (2) The term "Registrable  Securities" means the Stock issued to the
Purchaser  pursuant to the Agreement and any  securities of the  Corporation  or
securities  of any  successor  corporation  issued  as,  or  issuable  upon  the
conversion  or exercise of any warrant,  right or other  security that is issued
as, a dividend or other  distribution  with respect to, or in exchange for or in
replacement of, such Stock.

      7.2 If the Corporation  proposes to register (including for this purpose a
registration  effected  by the  Corporation  for  shareholders  other  than  the
Purchaser)  any of its stock or other  securities  under the  Securities  Act in
connection with a public offering of such securities  (other than a registration
on Form S-4, Form S-8 or other limited  purpose form or a registration  effected
pursuant  to  agreements  to  register  in  effect on the date  hereof)  and the
Registrable  Securities  have not  heretofore  been  included in a  registration
statement,  which  remains  effective,  the  Corporation  shall,  at such  time,
promptly  give the  Purchasers  written  notice of such  registration.  Upon the
written  request of any  Purchaser  given  within 10 days after  receipt of such
notice by such Purchaser, the Corporation shall cause to be registered under the
Securities  Act  all  of the  Registrable  Securities  that  the  Purchaser  has
requested to be registered.  However,  the Corporation  shall have no obligation
under this  Section 7.2 to the extent that,  with  respect to a public  offering
registration,  any underwriter of such public offering  reasonably requests that
the Registrable Securities or a portion thereof be excluded therefrom.

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      7.3 The Purchaser will furnish to the  Corporation in connection  with any
registration  under  this  Section  7 such  information  regarding  itself,  the
Registrable  Securities and other  securities of the Corporation held by it, and
the intended  method of disposition  of such  securities as shall be required to
effect the registration of the Registrable Securities held by such Purchaser.

      7.4  With  respect  to  the  including  of  Registrable  Securities  in  a
registration  statement pursuant to this Section 7, all fees, costs and expenses
of and incidental to such  registration,  inclusion and public offering shall be
borne  by  the  Corporation;   provided,  however,  that  any  security  holders
participating  in such  registration  shall  bear  their  pro rata  share of the
underwriting discounts and commissions, if any.

      7.5 The rights to cause the  Corporation to register all or any portion of
Registrable  Securities  pursuant  to  this  Section  7 may be  assigned  by the
Purchasers to a transferee or assignee of the Registrable  Securities.  Within a
reasonable  time after such transfer the Purchaser  shall notify the Corporation
of the name and address of such  transferee or assignee and the securities  with
respect to which such  registration  rights are being assigned.  Such assignment
shall be  effective  only if  immediately  following  such  transfer the further
disposition of such securities by the transferee or assignee is restricted under
the Securities Act. Any transferee asserting registration rights hereunder shall
be bound by the provision of this Section 7.

      7.6 In connection with any primary  offering  involving an underwriting of
shares of the Corporation's  common stock, the Corporation shall not be required
under this Section 7 to include any Purchaser's  securities in such underwriting
unless  such  Purchaser  accepts  the terms of the  underwriting  as agreed upon
between the  Corporation and the  underwriters  selected by it, and then only in
such quantity as the  underwriters  determine in their sole  discretion will not
jeopardize the success of the offering by the Corporation.

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      7.7 The  Corporation  may  suspend  the  effectiveness  of a  registration
statement  required  by this  Section 7 for a period of not more than 45 days if
the  Corporation is engaged in confidential  negotiations or other  confidential
business  activities  the  disclosure  of which (in the  reasonable  opinion  of
outside  counsel to the  Corporation)  would be  required  in such  registration
statement  and would not be required  if such  registration  statement  were not
filed and effective.

                                   SECTION 8.

                                 Legend on Stock

      Until  the  registration  contemplated  by  Section  7 above  is  declared
effective with respect to the stock,  each  certificate  representing  the Stock
shall be stamped  or  otherwise  imprinted  with a legend  substantially  in the
following form (in addition to any legend  required  under any applicable  state
securities laws):

THESE  SECURITIES HAVE NOT BEEN  REGISTERED  UNDER THE SECURITIES ACT OF 1933 OR
ANY  STATE  SECURITIES  LAWS.  THEY MAY NOT BE SOLD OR  OFFERED  FOR SALE IN THE
ABSENCE OF AN EFFECTIVE  REGISTRATION  STATEMENT AS TO THE SECURITIES UNDER SAID
ACT  AND  ANY  APPLICABLE   STATE  SECURITIES  LAW  OR  AN  OPINION  OF  COUNSEL
SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.

      Upon  request  of a holder  of Stock  the  Corporation  shall  remove  the
foregoing legend or issue to such holder a new certificate  therefor free of any
such legend, if the Corporation shall have received either an opinion of counsel
or a "no-action"  letter of the SEC, in either case  reasonable  satisfactory in
substance to the Corporation and its counsel,  to the effect that such legend is
no longer required.

                                   SECTION 9.

                                   Arbitration

      9.1   Arbitration

            9.1.1 Scope.  Resolution of any and all disputes  arising from or in
connection with this  Agreement,  whether based on contract,  tort,  common law,
equity, statute, regulation, order or otherwise ("Disputes"), including disputes
arising  in  connection  with  claims  by third  persons,  shall be  exclusively
governed by and settled in  accordance  with the  provisions  of this Section 9;
provided,  that the  foregoing  shall not preclude  equitable or other  judicial
relief to enforce the  provisions  hereof or to preserve  the status quo pending
resolution of Disputes hereunder.

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            9.1.2 Binding  Arbitration.  The parties  hereby agree to submit all
Disputes to arbitration for final and binding resolution. Any party may initiate
such arbitration by delivery of a demand therefor (the "Arbitration  Demand") to
the  other  parties.  The  arbitration  shall be  conducted  in the City of Fort
Lauderdale,  Florida, by a panel of three arbitrators,  one chosen by each party
and the third  selected by agreement of the parties not later than 10 days after
delivery of the  Arbitration  Demand,  or,  failing  such  agreement,  appointed
pursuant  to  the  Commercial  Arbitration  Rules  of  the  America  Arbitration
Association,  as amended from time to time (the "AAA Rules"). If the arbitrators
become  unable to  serve,  his,  her or their  successor(s)  shall be  similarly
selected or appointed.

            9.1.3 Procedure.  The arbitration shall be conducted pursuant to the
Federal  Arbitration Act and such procedures as the parties may agree or, in the
absence of or failing such agreement, pursuant to the AAA Rules. Notwithstanding
the  foregoing,  (a) each  party  shall  have the  right to audit  the books and
records of the other  parties that are  reasonably  related to the Dispute;  (b)
each party shall  provide to the other,  reasonably  in advance of any  hearing,
copies of all documents that a party intends to present in such hearing; (c) all
hearings shall be conducted on an expedited  schedule;  and (d) all  proceedings
shall be  confidential,  except  that  either  party may at its  expense  make a
stenographic record thereof.

            9.1.4 Timing.  The arbitrators shall complete all hearings not later
than 90 days after his or her selection or  appointment,  and shall make a final
award not later than 30 days  thereafter.  The  arbitrators  shall apportion all
costs and  expenses of the  arbitration,  including  the  arbitrators'  fees and
expenses,  and fees and expenses of experts  ("Arbitration  Costs")  between the
prevailing  and  non-prevailing  party as the  arbitrators  shall  deem fair and
reasonable.  In  circumstances  where a Dispute  has been  asserted  or defended
against  on grounds  that the  arbitrator  deems  manifestly  unreasonable,  the
arbitrators may assess all Arbitration  Costs against the  non-prevailing  party
and may include in the award the prevailing party's attorney's fees and expenses
in connection with any and all proceedings under this Section 9. Notwithstanding
the  foregoing,  in no event may the  arbitrators  award  multiple  or  punitive
damages.

                                  SECTION 10.

                                  Miscellaneous

      10.1 Governing  Law. This Agreement  shall be governed by and construed in
accordance with the laws of the State of Florida. Except as set forth in Section
9, any action or  proceeding  relating to this  Agreement  may be brought in the
courts of  Florida,  or in the United  States  courts  located  in the  southern
district  of  Florida  and  each  of the  parties  irrevocably  consents  to the
jurisdiction of such courts in any such action or proceeding.

      10.2  Successors  and  Assigns.  Except as  otherwise  expressly  provided
herein,  the provisions hereof shall inure to the benefit of and be binding upon
the successors and assigns of the parties.

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<PAGE>

      10.3 Entire Agreement;  Amendment.  This Agreement (including any Exhibits
and  Schedules  hereto)  and  the  other  documents  delivered  pursuant  hereto
constitute the full and entire  understanding  and agreement between the parties
with regard to the subjects  hereof and thereof.  Neither this Agreement nor any
term hereof may be amended, waived, discharged or terminated except by a written
instrument signed by the Corporation and holders of a majority of the Stock.

      10.4  Notices,  etc.  All  notices  and other  communications  required or
permitted  hereunder  shall be  mailed  by  internationally  recognized  courier
service and facsimile addressed (a) if to the Purchaser,  as indicated below the
Purchaser's  signature  with a copy to the  designated  entity or at such  other
address as the Purchaser shall have furnished to the Corporation in writing,  or
(b) if to any other  holder of any Stock at the  address of such holder as shown
on the records of the Corporation,  or (c) if to the Corporation, at its address
set forth below or at such other address as the Corporation shall have furnished
to the  Purchaser  and each such other  holder in writing.  All such  notices or
communications  shall be deemed given when delivered  personally by courier,  by
internationally recognized courier or by facsimile.

      10.5 Delays or  Omissions.  No delay or  omission  to exercise  any right,
power or remedy accruing to any party to this Agreement (including any holder of
Stock), upon any breach or default or another party under this Agreement,  shall
impair any such right,  power or remedy of such party nor shall it be  construed
to be a waiver of any such breach or default, or an acquiescence  therein, or of
or in any similar breach or default thereafter  occurring;  nor shall any waiver
of any  single  breach or  default  be  deemed a waiver  of any other  breach or
default  theretofore or thereafter  occurring.  All remedies,  either under this
Agreement or by law or otherwise  afforded to any party, shall be cumulative and
not alternative.

      10.6  Severability.  In case  any  provision  of this  Agreement  shall be
invalid, illegal or unenforceable,  the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.
      10.7 Titles and Subtitles.  The titles of the Sections and  subsections of
this  Agreement  are  for  convenience  of  reference  only  and  are  not to be
considered in construing this Agreement.

      10.8  Counterparts.  This  Agreement  may be  executed  in any  number  of
counterparts,  each of which  shall be an  original,  but all of which  together
shall constitute one instrument.

      10.9 Fees and Expenses.  The parties  hereto shall pay their own costs and
expenses in connection herewith.

      IN WITNESS WHEREOF,  the parties have caused this Agreement to be executed
and  delivered  by their duly  authorized  officers as of the day and year first
written above.

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<PAGE>

                                    AGU ENTERTAINMENT CORP.

                                    By:   /s/ David Levy
                                          ------------------------------

                                          Name: David C. Levy
                                          Title:      President

                                    /s/ Elizabeth Buntrock
                                    ----------------------
                                    ELIZABETH BUBTROCK

                                    Address:    521 East Las Olas Boulevard
                                                Fort Lauderdale, Florida 33301Exhibit 10.28

                     MUTUAL RELEASE AND SETTLEMENT AGREEMENT

KNOW ALL MEN BY THESE PRESENTS:

      This  Mutual  Release  and  Settlement  Agreement  is executed on the date
below, by and between ALLEN JACOBI;  JOSH DANOFF;  JEFF SHANE;  DELSY GUTIERREZ;
PYRAMID RECORDS CORP., an inactive Florida Corporation; and PYRAMID MEDIA GROUP,
an inactive Florida Corporation (hereinafter  collectively sometimes referred to
as  the  "PYRAMID  PARTIES")  and  AGU  ENTERTAINMENT   CORP.,  PYRAMID  RECORDS
INTERNATIONAL,  THE TUBE MUSIC NETWORK, and any and all affiliated companies and
subsidiaries,   officers  and  directors,   agents,   (hereinafter  collectively
sometimes referred to as "AGU").

      Disputes and  differences  have arisen between the parties with respect to
employment and other business relationships between the parties.

      The parties have agreed to amicably  resolve,  settle and  compromise  all
disputes  and  differences  they  have  or may  have  arising  out of  facts  or
occurrences  existing as of this date,  known or unknown,  which are  referenced
below and the  parties do hereby  mutually  release  each other,  including  all
allied, associated and affiliated companies and subsidiaries, and these releases
extend to all of the employees, agents, representatives,  directors, offices and
attorneys of each party.

That said, and in furtherance of same,

   1.    AGU agrees to pay  $11,000.00 in settlement of an  outstanding  legal
         bill owed by Pyramid  Records  Corp.,  Attn:  Allen  Jacobi,  Esq. to
         Richard  Wolfe,  Esq.  and  Wolfe  &  Goldstein,  P.A.  to  "Wolfe  &
         Goldstein,  P.A." on or before (15)  fifteen  days from the date that
         this  agreement is executed by all parties,  AGU will pay  $5,500.00,
         and thereafter AGU will make monthly  $2,000.00  payments towards the
         remaining   settlement  amount.   Each  of  the  PYRAMID  PARTIES  do
         personally  guarantee  that  this  will  fully  satisfy  any  and all
         outstanding debts, legal bills or other now pending  obligations owed
         to Richard Wolfe, Esq. and Wolfe & Goldstein, P.A.
   2.    The  PYRAMID  PARTIES  shall  immediately  and forever  facilitate  and
         transfer  all  rights,  interest  and  usage  of the  telephone  number
         305-899-6100  to AGU and will forthwith sign any and all transfer forms
         necessary with Bellsouth.
   3.    The closing  date,  time,  and  location  for  execution of this Mutual
         Release and Settlement Agreement,  shall be Wednesday,  4:00 PM at 3200
         W. Oakland Park Blvd., Lauderdale Lakes, FL 33311.
   4.    At the  time of  execution  of this  Mutual  Release  and  Settlement
         Agreement,   the  PYRAMID   PARTIES  shall  deliver  to  David  Levy,
         President of AGU at 3200 W. Oakland Park Blvd.,  Lauderdale Lakes, FL
         33311 all hard copy files in regards  to all  business  that each and
         every  PYRAMID  PARTY was a part of,  which in any way relates to AGU
         and any of its associated and affiliated  companies and subsidiaries,
         employees,  agents,  representatives,  directors, and officers within
         their possession or control during their  respective  employment with
         AGU.   This   includes,   but  is  not   limited   to,  any  and  all

<PAGE>

         correspondence,  writings, emails, documents,  pictures,  recordings,
         drawings, and contracts of any kind.
   5.    AGU will  relinquish  all rights and  interest to the  Internet  domain
         known as www.PyramidRecords.com to the PYRAMID PARTIES.
   6.    The PYRAMID PARTIES shall be allowed to keep the forty thousand dollars
         ($40,000.00) to be received by Allen Jacobi from the purchasing  party.
         UNCUT ___ LTD  regarding  that  certain  License  Agreement  that Allen
         Jacobi  entered  into for the sale of the foreign  rights to "Bridge to
         Havana."  With that  money,  the PYRAMID  PARTIES  must pay any and all
         brokerage  commissions  promised or bargained for with, through and for
         that certain  contract.  Further,  the PYRAMID  PARTIES  represent  and
         warrant  that they have as of the date of the  signing  of this  Mutual
         Release  and  Settlement,  satisfied  and  paid  any and all  brokerage
         commissions due and owing. Contemporaneously with the execution of this
         Mutual Release and Settlement Agreement, the PYRAMID PARTIES agree that
         they will furnish a fully executed copy of the License  Agreement,  and
         thereafter will notify the licensee in writing (and copy AGU) that they
         are no longer  authorized  to  communicate  on behalf of Pyramid  Music
         Corp. or AGU, and that all future correspondences should be directed to
         David Levy, President of AGU at 3200 W. Oakland Park Blvd.,  Lauderdale
         Lakes,  FL 33311.  AGU shall be  entitled to all  royalties  and future
         monies due under said License  Agreement.  After the  execution of this
         Mutual Release and Settlement  Agreement any other monies  received the
         PYRAMID PARTIES pursuant to the  above-mentioned  License Agreement and
         any  amendments  or addendums  thereto  other than the  above-mentioned
         forty thousand  dollars  ($40,000.00),  shall be deemed the property of
         AGU and must be immediately tendered to AGU by the PYRAMID PARTIES.
   7.    At the  time  of  execution  of  this  Mutual  Release  and  Settlement
         Agreement,  the PYRAMID PARTIES shall deliver to David Levy,  President
         of AGU at 3200 W. Oakland Park Blvd.,  Lauderdale  Lakes,  FL 33311 all
         contractual  rights  of  any  kind,  master  recordings  in  any  form,
         including,  but not limited  to,  DVD, CD or tape  related to Bridge to
         Havana, Lalah Hathaway, Chaka Khan, and DubFX.
   8.    The current Distribution Agreement,  which was assigned to AGU, shall
         remain in full force and effect as the current and existing  property
         and right of AGU.  None of the PYRAMID  PARTIES shall ever disturb or
         seek to act in any capacity  toward or in  furtherance  of any rights
         thereto,  including,  but  not  limited  to,  acting  as  "Key  Man."
         Contemporaneously  with the  execution  of this  Mutual  Release  and
         Settlement  Agreement,  the PYRAMID  PARTIES will notify the licensee
         in  writing  (and copy AGU)  that  they are no longer  authorized  to
         communicate  on behalf of Pyramid  Music Corp.  or AGU,  and that all
         future  correspondences  should be directed to David Levy,  President
         of AGU at 3200 W. Oakland Park Blvd., Lauderdale Lakes, FL 33311.
   9.    With  regard  to the  existing  Stephen  Stills  agreement,  AGU  shall
         transfer any rights and interest it may have in said agreement to ALLEN
         JACOBI,  if within the next thirty (30) days from the date of execution
         of this Mutual  Release and  Settlement  Agreement,  should Mr.  Jacobi
         execute and deliver to AGU a standard acceptable form of a Full General
         Release from Jerry [illegible] and [illegible] Production, LLC.
   10.   At the  time of  execution  of this  Mutual  Release  and  Settlement
         Agreement,   the  PYRAMID   PARTIES  shall  deliver  to  David  Levy,
         President of AGU at 3200 W. Oakland Park Blvd.,  Lauderdale Lakes, FL

<PAGE>

         33311,  [text manually  deleted] and each of the leased four (4) DELL
         computers  and  their  accessories,  components,  and  all  of  their
         documented  hard drives and contents  therein.  However,  the PYRAMID
         PARTIES   may   remove   their  own  legal  and  other   confidential
         information, which had been stored on those computers.
   11.   As a  [illegible]  inducement  to enter into this Mutual  Release and
         Settlement  Agreement,  the Parties agree that the settlement letters
         between the Parties,  the Parties' verbal  discussions,  the terms of
         this  settlement   negotiation  and  all  documents   reflecting  the
         settlement,   except  any   documents   which  may  be  necessary  to
         effectuate  the  intent of any terms  mentioned  within  this  Mutual
         Release  and  Settlement   Agreement,   shall  be  confidential   and
         privileged,  and shall not be disclosed to any third party other than
         (1) any  accountant;  (2) the Internal  Revenue  Service or any other
         taxing  authority;  (3) the  attorneys  and employees of the Parties;
         (4) as  otherwise  required  by law,  including  but not  limited to,
         under  regulations  of  the  United  States  SEC,  state  [illegible]
         services regulators and other governmental  agencies; (5) in response
         to a Court Order  compelling  production in response to a request for
         production  or  subpoena;  or (6) as necessary to enforce this Mutual
         Release and Settlement Agreement.
   12.   The  Parties  are not  relying  upon any prior,  contemporaneous,  or
         concurrent oral, tacit, or written representation,  statement, letter
         agreement,   understanding,   side-deal,   inducement,  warranty,  or
         utterance  as  an  inducement  to  enter  into  Mutual   Release  and
         Settlement  Agreement.  This written  Mutual  Release and  Settlement
         Agreement  constitutes the entire  understanding  of the Parties with
         respect   to   the   disposition   of   conversations,   inducements,
         understandings,  warranties,  utterances or agreements made prior to,
         contemporaneous   with,   and/or   concurrently  with  execution  and
         delivery of this Mutual Release and  Settlement  Agreement are merged
         into this written document and are of no further force and effect.
   13.   Except as provided herein,  the Parties hereby warrant and represent to
         each  other  than they have not made any  sale,  assignment,  transfer,
         conveyance  or other  disposition  of any of their  actual or potential
         claims,  actions,  crossclaims,  counterclaims,  defenses and causes of
         action  against  each other and that they are  authorized  to  execute,
         deliver and perform under this Mutual Release and Settlement Agreement.
   14.   No change,  modification  or waiver of any  provision  of this Mutual
         Release  and  Settlement  Agreement  or any exhibit  hereto  shall be
         valid or binding  unless it is in writing  and signed by all  Parties
         to this Mutual  Release  and  Settlement  Agreement.  Notwithstanding
         any  applicable  law,  the  terms  of this  paragraph  and all  other
         provisions of this Mutual  Release and  Settlement  Agreement may not
         be waived by any prior,  contemporaneous,  concurrent  or  subsequent
         course of dealing,  course of conduct,  trade practice,  or attempted
         modification.
   15.   In any  proceeding to enforce or concerning  this Mutual  Release and
         Settlement  Agreement,  in  addition  to any  other  relief  that the
         prevailing  Party may be entitled to, the  prevailing  Party shall be
         entitled to recover their  attorneys'  fees and costs incurred at the
         trial and  appellate  levels,  including,  but not  limited  to,  any
         attorneys'  fees and costs incurred in litigating the  entitlement to
         and  amount  of such  attorneys'  fees  and  costs.  This  Settlement
         Agreement  shall  be  construed  in  accordance  with the laws of the
         State of Florida,  and each Party expressly consents to the exclusive

<PAGE>

         jurisdiction  and venue to and  within  the State  Courts of  Broward
         County,  Florida for any  litigation  to enforce the contents of this
         Mutual Release and Settlement Agreement.

      Each Party,  ALLEN  JACOBI;  JOSH  DANOFF;  JEFF SHANE;  DELSY  GUTIERREZ;
PYRAMID RECORDS CORP.; PYRAMID MEDIA GROUP, and AGU ENTERTAINMENT CORP., PYRAMID
RECORDS  INTERNATIONAL,  THE  TUBE  MUSIC  NETWORK,  and any and all  affiliated
companies and subsidiaries,  officers and directors,  agrees, hereby [illegible]
mutually  releases,  acquits,  satisfies and forever discharges the other of and
from any and all  manner of action  and  actions,  cause and  causes of  action,
suits, debts, [illegible],  sums of money, accounts,  reckonings,  bonds, bills,
ledgers,   specialties,   securities,   [illegible],   negotiable   instruments,
covenants,   contracts,   controversies,   agreements,   promises,  [illegible],
[illegible], damages, judgments, executions,  [illegible] and demands whatsoever
in law or in equity,  which each ever had,  now has,  or may have in the future,
against  the  other,  for,  upon or by  reason  of any  manner,  cause  or thing
whatsoever from the beginning of time to the date hereof.

   16.   By signing below,  the Parties  hereby  represent and warrant that they
         possess lawful  authority to execute this Mutual Release and Settlement
         Agreement and to execute all  settlement  instruments  on behalf of the
         designated  Parties to bind said Parties to the terms and conditions of
         this Mutual  Release and Settlement  Agreement,  and to perform any act
         required by this Mutual Release and Settlement Agreement.

      IN WITNESS  WHEREOF,  I have hereunto set my hand and seal on the date set
forth below.

                                    ALLEN JACOBI, an individual

                                    By:   /s/ Allen Jacobi
                                          --------------------------------------

STATE OF FLORIDA            )
                            )
COUNTY OF Dade              )

      The foregoing  instrument was sworn to and  acknowledged  before me this 8
day of December,  2004 by ALLEN JACOBI,  who is either personally known to me or
produced ________________ as identification.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}]]