UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


     Date of report (Date of earliest event reported):  November 17, 2005
                                                      -------------------

                             AGU Entertainment Corp.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
--------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

        005-79752                                       84-1557072
--------------------------------------------------------------------------------
(Commission File Number)                     (IRS Employer Identification No.)


  1451 West Cypress Creek Road, Suite 300,  Ft.Lauderdale, Fl          33309
--------------------------------------------------------------------------------
         (Address of Principal Executive Offices)                   (Zip Code)

                                 (954) 714-8100
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                                       N/A
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Forward-Looking Statements

      This document may include a number of "forward-looking statements" as that
term is defined in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These statements
reflect management's current views with respect to future events and financial
performance and include statements regarding management's intent, belief or
current expectations, which are based upon assumptions about future conditions
that may prove to be inaccurate. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future performance,
involve risk and uncertainties, and that as a result, actual results may differ
materially from those contemplated by such forward-looking statements. Such
risks include, among other things, the volatile and competitive markets in which
we operate, our limited operating history, our limited financial resources, our
ability to manage our growth and the lack of an established trading market for
our securities. When considering forward-looking statements, readers are urged
to carefully review and consider the various disclosures, including risk factors
and their cautionary statements, made by us in this document and in our reports
filed with the Securities and Exchange Commission.

Item 1.01         Entry into a Material Definitive Agreement.

      As previously disclosed by AGU Entertainment Corp. (the "Company") on its
Current Report on Form 8-K filed with the Securities and Exchange Commission
(the "SEC") on September 8, 2005, the Company entered into an agreement for
purchase and sale, dated as of August 29, 2005 (the "Agreement for Purchase and
Sale"), with Tarragon South Development Corp. ("Tarragon") pursuant to which the
Company agreed to sell and Tarragon agreed to buy the Company's property located
at 3200 West Oakland Park Boulevard in Lauderdale Lakes, Florida (the
"Lauderdale Property"). In connection with the Agreement for Purchase and Sale,
on September 1, 2005, the Company and Tarragon also entered into a side letter,
dated August 29, 2005, pursuant to which Tarragon agreed to loan $2.5 million
(the "Loan") to the Company. On October 21, 2005, the Company issued a
promissory note, dated October 21, 2005, in the aggregate principal amount of
$2.5 million to Tarragon and received cash in the amount of $1.5 million from
Tarragon with the remainder of the loan funds to be dispersed upon the Company's
completion of a lien search. The Company received the remaining $1.0 million, or
third tranche of the Loan, from Tarragon on November 17, 2005.

Item 2.03         Creation of a Direct Financial Obligation or an Obligation
                  under an Off-Balance Sheet Arrangement of a Registrant.

         See the disclosure above under Item 1.01.
<PAGE>

Item 8.01         Other Events.

Quarterly Report on Form 10-QSB for the fiscal quarter ended September 30, 2005

      On November 15, 2005, the Company filed with the SEC a Notification of
Late Filing on Form 12b-25 (the "Form 12b-25") relating to the Company's
Quarterly Report on Form 10-QSB for the fiscal quarter ended September 30, 2005
(the "Form 10-QSB"). In the Form 12b-25, the Company disclosed that it would be
unable to file the Form 10-QSB within the prescribed period of time due to the
effects of Hurricane Wilma on the Company's executive offices and its impact on
the Company's employees, and that it would use reasonable efforts to file the
Form 10-QSB no later today, November 21, 2005. However, at this time, the
Company is still unable to file the Form 10-QSB for the reasons stated in the
Form 12b-25. The Company will use all reasonable efforts to file the Form
10-QSB as soon as practicable.

Lauderdale Property

      On October 24, 2005, the Lauderdale Property was significantly damaged by
Hurricane Wilma. As a result, the Company had to relocate its principal
executive offices to another location in the southern Florida area. The current
address of the Company's principal executive offices is 1451 West Cypress Creek
Road, Suite 300, Ft. Lauderdale, Florida 33309. The Company's telephone number
at this location is (954) 714-8100.

      The Company believes the damage to the property will not impact the sale
to Tarragon. For additional information on the possible impact to the Company,
see Exhibits 10.2 and 10.8 to the Company's Current Report on Form 8-K filed on
December 29, 2004, Exhibit 10.8 to the Company's Current Report on Form 8-K
filed on October 27, 2005 and Exhibit 10.1 hereto.

Item 9.01         Financial Statements and Exhibits.

(c) Exhibits.

10.1  Agreement for Purchase and Sale, dated as of August 29, 2005, by and
      between AGU Entertainment Corp. and Tarragon South Development Corp.
      (includes the Side Letter).

10.2  Promissory Note, dated October 21, 2005, issued by AGU Entertainment Corp.
      to Tarragon South Development Corp. (incorporated by reference to the
      Company's Current Report on Form 8-K filed on October 27, 2005).

10.3  Easement Search Letter, dated October 21, 2005 (incorporated by reference
      to the Company's Current Report on Form 8-K filed on October 27, 2005).

<PAGE>

                                   Signatures

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated:   November 23, 2005               AGU ENTERTAINMENT CORP.


                                         By: /s/ John W. Poling
                                             ----------------------------
                                         Name: John W. Poling
                                         Title:  Chief Financial Officer

<PAGE>

                                  Exhibit Index

Exhibit No. Description
----------  -----------

10.1        Agreement for Purchase and Sale, dated as of August 29, 2005, by and
            between AGU Entertainment Corp. and Tarragon South Development Corp.
            (includes the Side Letter).

10.2        Promissory Note, dated October 21, 2005, issued by AGU Entertainment
            Corp. to Tarragon South Development Corp. (incorporated by reference
            to the Company's Current Report on Form 8-K filed on October 27,
            2005).

10.3        Easement Search Letter, dated October 21, 2005 (incorporated by
            reference to the Company's Current Report on Form 8-K filed on
            October 27, 2005).
{"company-data": {"conformed-name": "AGU Entertainment Corp.", "cik": "0001168932", "assigned-sic": "7380", "irs-number": "841557072", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-86244", "film-number": "051225877"}, "business-address": {"street1": "11077 BISCAYNE BLVD", "street2": "SUITE 100", "city": "MIAMI", "state": "FL", "zip": "33161", "phone": "305-899-6100"}, "mail-address": {"street1": "11077 BISCAYNE BLVD", "street2": "SUITE 100", "city": "MIAMI", "state": "FL", "zip": "33161"}, "former-company": {"former-conformed-name": "LEXINGTON BARRON TECHNOLOGIES INC", "date-changed": "20020312"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

     Date of report (Date of earliest event reported):  November 17, 2005
                                                      -------------------

                             AGU Entertainment Corp.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
--------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

        005-79752                                       84-1557072
--------------------------------------------------------------------------------
(Commission File Number)                     (IRS Employer Identification No.)

  1451 West Cypress Creek Road, Suite 300,  Ft.Lauderdale, Fl          33309
--------------------------------------------------------------------------------
         (Address of Principal Executive Offices)                   (Zip Code)

                                 (954) 714-8100
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                                       N/A
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Forward-Looking Statements

      This document may include a number of "forward-looking statements" as that
term is defined in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These statements
reflect management's current views with respect to future events and financial
performance and include statements regarding management's intent, belief or
current expectations, which are based upon assumptions about future conditions
that may prove to be inaccurate. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future performance,
involve risk and uncertainties, and that as a result, actual results may differ
materially from those contemplated by such forward-looking statements. Such
risks include, among other things, the volatile and competitive markets in which
we operate, our limited operating history, our limited financial resources, our
ability to manage our growth and the lack of an established trading market for
our securities. When considering forward-looking statements, readers are urged
to carefully review and consider the various disclosures, including risk factors
and their cautionary statements, made by us in this document and in our reports
filed with the Securities and Exchange Commission.

Item 1.01         Entry into a Material Definitive Agreement.

      As previously disclosed by AGU Entertainment Corp. (the "Company") on its
Current Report on Form 8-K filed with the Securities and Exchange Commission
(the "SEC") on September 8, 2005, the Company entered into an agreement for
purchase and sale, dated as of August 29, 2005 (the "Agreement for Purchase and
Sale"), with Tarragon South Development Corp. ("Tarragon") pursuant to which the
Company agreed to sell and Tarragon agreed to buy the Company's property located
at 3200 West Oakland Park Boulevard in Lauderdale Lakes, Florida (the
"Lauderdale Property"). In connection with the Agreement for Purchase and Sale,
on September 1, 2005, the Company and Tarragon also entered into a side letter,
dated August 29, 2005, pursuant to which Tarragon agreed to loan $2.5 million
(the "Loan") to the Company. On October 21, 2005, the Company issued a
promissory note, dated October 21, 2005, in the aggregate principal amount of
$2.5 million to Tarragon and received cash in the amount of $1.5 million from
Tarragon with the remainder of the loan funds to be dispersed upon the Company's
completion of a lien search. The Company received the remaining $1.0 million, or
third tranche of the Loan, from Tarragon on November 17, 2005.

Item 2.03         Creation of a Direct Financial Obligation or an Obligation
                  under an Off-Balance Sheet Arrangement of a Registrant.

         See the disclosure above under Item 1.01.
Item 8.01         Other Events.

Quarterly Report on Form 10-QSB for the fiscal quarter ended September 30, 2005

      On November 15, 2005, the Company filed with the SEC a Notification of
Late Filing on Form 12b-25 (the "Form 12b-25") relating to the Company's
Quarterly Report on Form 10-QSB for the fiscal quarter ended September 30, 2005
(the "Form 10-QSB"). In the Form 12b-25, the Company disclosed that it would be
unable to file the Form 10-QSB within the prescribed period of time due to the
effects of Hurricane Wilma on the Company's executive offices and its impact on
the Company's employees, and that it would use reasonable efforts to file the
Form 10-QSB no later today, November 21, 2005. However, at this time, the
Company is still unable to file the Form 10-QSB for the reasons stated in the
Form 12b-25. The Company will use all reasonable efforts to file the Form
10-QSB as soon as practicable.

Lauderdale Property

      On October 24, 2005, the Lauderdale Property was significantly damaged by
Hurricane Wilma. As a result, the Company had to relocate its principal
executive offices to another location in the southern Florida area. The current
address of the Company's principal executive offices is 1451 West Cypress Creek
Road, Suite 300, Ft. Lauderdale, Florida 33309. The Company's telephone number
at this location is (954) 714-8100.

      The Company believes the damage to the property will not impact the sale
to Tarragon. For additional information on the possible impact to the Company,
see Exhibits 10.2 and 10.8 to the Company's Current Report on Form 8-K filed on
December 29, 2004, Exhibit 10.8 to the Company's Current Report on Form 8-K
filed on October 27, 2005 and Exhibit 10.1 hereto.

Item 9.01         Financial Statements and Exhibits.

(c) Exhibits.

10.1  Agreement for Purchase and Sale, dated as of August 29, 2005, by and
      between AGU Entertainment Corp. and Tarragon South Development Corp.
      (includes the Side Letter).

10.2  Promissory Note, dated October 21, 2005, issued by AGU Entertainment Corp.
      to Tarragon South Development Corp. (incorporated by reference to the
      Company's Current Report on Form 8-K filed on October 27, 2005).

10.3  Easement Search Letter, dated October 21, 2005 (incorporated by reference
      to the Company's Current Report on Form 8-K filed on October 27, 2005).
Signatures

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated:   November 23, 2005               AGU ENTERTAINMENT CORP.

                                         By: /s/ John W. Poling
                                             ----------------------------
                                         Name: John W. Poling
                                         Title:  Chief Financial Officer
Exhibit Index

Exhibit No. Description
----------  -----------

10.1        Agreement for Purchase and Sale, dated as of August 29, 2005, by and
            between AGU Entertainment Corp. and Tarragon South Development Corp.
            (includes the Side Letter).

10.2        Promissory Note, dated October 21, 2005, issued by AGU Entertainment
            Corp. to Tarragon South Development Corp. (incorporated by reference
            to the Company's Current Report on Form 8-K filed on October 27,
            2005).

10.3        Easement Search Letter, dated October 21, 2005 (incorporated by
            reference to the Company's Current Report on Form 8-K filed on
            October 27, 2005).