August 17, 2005


VIA EMAIL to rosetto@blankrom.com

AGU Entertainment Corp.
The Tube Music Network, Inc.
AGU Music, Inc. f/k/a Pyramid Records International, Inc.
c/o Bruce C. Rosetto, Esq.
Blank Rome LLP1200 N. Federal Highway, Suite 417
Boca Raton, FL 33432

Re:   Second Mortgage and related loan documents  ("Mitchell  Loan") by Mitchell
      Entertainment  Company ("Lender") to AGU Entertainment Corp. ("AGU"),  The
      Tube Music  Network,  Inc.,  and AGU Music,  Inc.  f/k/a  Pyramid  Records
      International,   Inc.   (collectively,   the  "Borrower"),   as  partially
      guaranteed  by David  Levy and Donna  Levy,  his wife  (collectively,  the
      "Guarantors")

      Our File No. 13075006

Dear Bruce:

      This  letter,  when  fully  signed and  delivered,  will (a)  confirm  the
understandings  between  Lender and Borrower  relating to the Mitchell Loan, and
(b) serve to modify the "Loan  Documents" as  referenced in your firm's  opinion
letter dated  December 20, 2004 and the  "Purchase  Documents"  as referenced in
your firm's opinion letter dated January 25, 2005, all as previously modified.

      For and in  consideration of the sum of TEN ($10.00)  DOLLARS,  the mutual
promises  contained  herein,  and other  good and  valuable  consideration,  the
receipt and sufficiency of which are hereby acknowledged, the parties, intending
to be legally bound, do hereby agree as follows:

      1. The "Filing  Date" under the  Registration  Rights  Agreement is hereby
amended to be September 1, 2005.

      Please have the Guarantors and a duly authorized  officer of the Borrowers
countersign and return this letter by telecopy today or tomorrow.

      Please call me  immediately  should you have any  questions  or  comments.
Thank you.



Very truly yours,

KATZ, BARRON, SQUITERO, FAUST,
BRECKER, TERZO, FRIEDBERG & GRADY, P.A.

HOWARD L. FRIEDBERG

 cc:   Jonathan E. Mitchell (Via Email)
       Victor Barone (Via email)
       Robert Barry, Esq. (Via Email)

ACKNOWLEDGED AND AGREED this 17 day of August, 2005, by:

BORROWERS:

AGU Entertainment Corp.
The Tube Music Network, Inc.
AGU Music, Inc. f/k/a Pyramid Records International, Inc.


By: /s/ John W. Poling
    ----------------------

GUARANTORS:


By: David Levy
    ----------------------

By: Donna Levy
    ----------------------

  LENDER:

  Mitchell Entertainment Company


By: /s/ Jonathan E. Mitchell
    ----------------------------
    Jonathan E. Mitchell