Document:

Exhibit 10.7

          MODIFICATION AND REAFFIRMATION OF GUARANTY AND ENVIRONMENTAL
          ------------------------------------------------------------
                              INDEMNITY AGREEMENT
                              -------------------

          THIS  MODIFICATION  AND  REAFFIRMATION  OF  GUARANTY AND ENVIRONMENTAL
INDEMNITY  AGREEMENT  is  executed as of the day of January, 2006, by MALCOLM H.
WRIGHT  having  an  office at 550 Biltmore Way, Suite 700, Coral Gables, Florida
33134, and AMERICAN LEISURE HOLDINGS, INC., a Nevada  corporation (collectively,
jointly  and  severally,  the  "Guarantor"),  in favor of STANFORD INTERNATIONAL
BANK, LTD., having an office at No. 11, Pavilion Drive, St. Johns, Antigua, West
Indies  (the  "Lender").

                                WITNESSETH, THAT:
                                ----------------

     WHEREAS,  the  Lender  has  previously  extended  a  $7,150,000.00  loan
(hereinafter  referred  to  as  the "Existing Loan"), to REEDY CREEK ACQUISITION
COMPANY,  LLC,  a  Florida limited liability company (hereinafter referred to as
"Borrower"),  and

     WHEREAS,  the Existing Loan is evidenced by a Promissory Note dated July 8,
2005  in  the  amount of $7,150,000.00 and secured by: (i) that certain Mortgage
and Security Agreement (the "Mortgage"), recorded in Official Records Book 2855,
at Page 1243 of the Public Records of Osceola County, Florida; (ii) a Assignment
of Leases, Rents and Profits, recorded in Official Records Book 2855, Page 1280,
of  the  Public Records of Osceola County, Florida (the "Assignment"); and (iii)
an  UCC-1 Financing Statement recorded in Official Records Book 2855, Page 1291,
of  the  Public  Records of Osceola County, Florida (the "Financing Statement");
and (iv) other loan documents executed in connection with the Existing Loan (the
"Existing  Loan  Documents");  and

     WHEREAS,  the  Guarantor  has  previously guaranteed the prompt payment and
performance  of  the Existing Loan, pursuant to the terms that certain Unlimited
Continuing  and  Unconditional  Guaranty executed by the Guarantor dated July 8,
2005  (the  "Guaranty"),  and

     WHEREAS,  the  Guarantor has previously agreed to indemnify and hold Lender
harmless  from  any  environmental damage, pursuant to the terms of that certain
Environmental Indemnity Agreement dated July 8, 2005 (the "Indemnity Agreement")
in  connection  with  the  Existing  Loan,  and

     WHEREAS,  the Borrower has requested the Lender to modify the Existing Loan
by  granting a $850,000.00 future advance so as to increase the Existing Loan to
$8,000,000.00 (the "New Loan"), and as a condition precedent to the modification
of  the  Existing  Loan,  the  Lender  has  required the Guarantor to modify and
reaffirm  the  terms  of  the  Guarantor's Guaranty and Indemnity Agreement with
regard  to  the  New  Loan,  and

     WHEREAS,  under  the  New  Loan the Borrower has executed certain documents
modifying  the  Existing  Loan Documents including but not limited to a Renewed,
Amended  and  Increased  Promissory  Note  in  the  amount  of  $8,000,000.00, a
Mortgage Modification Agreement and Future Advance Certificate, collectively the
"New  Loan  Documents",  and

<PAGE>

     WHEREAS, the Existing Loan as modified by the New Loan shall be referred to
as  the  "Loan",  and

     WHEREAS,  the Existing Loan Documents as modified by the New Loan Documents
shall  be  collectively  referred  to  as  the  "Loan  Documents",  and

     WHEREAS,  it  is  in  the best interests of the Guarantor to facilitate the
modification  of  the  Existing Loan and the Lender to make the New Loan and the
resulting  Loan,  and

     NOW, THEREFORE, for valuable considerations, the receipt and sufficiency of
which  are  hereby acknowledged, and to induce the Lender to modify the Existing
Loan  and  to  make the New Loan and the resulting Loan, the Guarantor agrees as
follows:

     1. RECITALS: The Guarantor acknowledges that each of the foregoing recitals
        --------
is  true  and  correct. The foregoing recitals are hereby incorporated into this
Agreement and made a material part hereof by this express reference.

     2.  REAFFIRMATION  OF  GUARANTY:  The  Guarantor  hereby  reaffirms,
         ---------------------------
re-acknowledges  and  ratifies  each  and  every  of the terms, representations,
warranties, covenants and conditions of the Guaranty, and agrees to remain bound
thereby.  Guarantor  agrees that all loans or financial accommodations currently
being  extended,  renewed or modified by the Lender to the Borrower shall remain
encompassed  by the Guaranty, and hereby reaffirms and ratifies the terms of the
Guaranty  with  respect to each such loan or financial accommodation, including,
without limitation, the Loan and the Loan Documents.

     3.  REAFFIRMATION  OF  INDEMNITY AGREEMENT: The Guarantor hereby reaffirms,
         --------------------------------------
re-acknowledges  and  ratifies  each  and  every  of the terms, representations,
warrants,  covenants  and  conditions  of the Indemnity Agreement, and agrees to
remain  bound  thereby.  Guarantor  agrees  that  all  loans  or  financial
accommodations  currently  being  extended, renewed or modified by the Lender to
the  Borrower  shall  remain  encompassed by the Indemnity Agreement, and hereby
reaffirms and ratifies the terms of the Indemnity Agreement with respect to each
such  loan  or  financial accommodation, including, without limitation, the Loan
and the Loan Documents.

     4.  NO  DEFENSES, COUNTERCLAIMS OR SETOFFS: The Guarantor acknowledges that
         --------------------------------------
as  of  the date of this Agreement, the Guarantor has no defenses, counterclaims
or  claims  to rights of offset with respect to the repayment of any obligations
or  indebtedness  owed  by  the  Borrower  to  the  Lender  or  the  Guarantor's
obligations  under  the  Guaranty  or  Indemnity  Agreement,  including, without
limitation, the Loan and the Loan Documents, or with respect to the validity and
enforceability  of  any  collateral  or security interests held by the Lender in
connection with the Loan and/or as evidenced or secured by the Loan Documents.

     5.  NO RELEASE: The Guarantor acknowledges and agrees that no action taken
         ----------
by the Lender subsequent to the date hereof shall affect, impair or diminish the
Guarantor's obligations under the Guaranty or the Indemnity Agreement.

     6.  RELIANCE:  The  Guarantor  acknowledges that the Lender is relying upon
         --------
this  Modification  and  Reaffirmation  of  Guaranty and Environmental Indemnity
Agreement  in  agreeing  to modify the Existing Loan and to make the Loan to the
Borrower,  and  the  Guarantor  intends  that  the  Lender  shall rely upon this

<PAGE>

Modification  and  Reaffirmation  of  Guaranty  and  Environmental  Indemnity
Agreement.  The  Guarantor  certifies  to  the  Lender  that  the  Guarantor  is
affiliated  or  associated  with the Borrower such that the Loan extended by the
Lender  to  the  Borrower  shall  inure  to  the  benefit  of the Guarantor, and
constitute  sufficient  consideration  for  the  Guarantor's  execution  of this
Agreement.

     IN  WITNESS  WHEREOF,  the  Guarantor has caused this instrument to be duly
executed  as  of  the  day  and  year  written  above.

WITNESS:                           GUARANTOR:

 /s/ Amie M. Cebollero             /s/ Malcolm J. Wright
------------------------------     -----------------------------
                                   Malcolm  J.  Wright
  Amie M. Cebollero
------------------------------

                                   American  Leisure  Holdings,  Inc.,
                                   a  Nevada  corporation

                                   By: /s/ Malcolm J. Wright
------------------------------        ---------------------------------------
                                   Malcolm J. Wright,its Chief Executive Officer
                                      --------------      -------------------
------------------------------

STATE  OF  FLORIDA          )
                            )SS
COUNTY  OF  ORANGE          )
          -----------------

     I  HEREBY  CERTIFY that the foregoing instrument was acknowledged before me
this 5 day of January, 2006, by Malcolm H. Wright, who is personally known to me
    ---
or  have  produced  driver's licenses issued by the Department of Highway Safety
and Motor Vehicles as identification and did [did not] take an oath.

                                         /s/ Amie Marie Cebollero
                                         -----------------------------------
                                         Print  Name:
                                         NOTARY  PUBLIC,  State  of  Florida
                                         Serial  No:
                                         My  Commission  Expires:

<PAGE>

STATE  OF  FLORIDA          )
                            )SS
COUNTY  OF ORANGE           )
          ------------------

     I  HEREBY  CERTIFY  that  the  foregoing instrument was acknowledged before
me this 5 day of January, 2006,  by Malcolm J. Wright, as          CEO
       --                         ----------------------     -------------------
of  American  Leisure  Holdings,  Inc.,  a  Nevada corporation, on behalf of the
corporation  who  is  personally  known to me or have produced driver's licenses
issued  by the Department of Highway Safety and Motor Vehicles as identification
and  did  [did  not]  take  an  oath.

                                         /s/ Amie Marie Cebollero
                                         -----------------------------------
                                         Print  Name:
                                         NOTARY  PUBLIC,  State  of  Florida
                                         Serial  No:
                                         My  Commission  Expires:

<PAGE>Exhibit 10.8

RENEWING, RESTATING, AMENDING AND INCREASING THE UNPAID PRINCIPAL BALANCE UNDER:
(A)  THAT CERTAIN MORTGAGE PROMISSORY NOTE FROM BORROWER TO LENDER DATED JULY 8,
2005  IN THE ORIGINAL PRINCIPAL AMOUNT OF $7,150,000.00 (THE "NOTE"), WHICH NOTE
HAS  A  CURRENT  OUTSTANDING  PRINCIPAL  BALANCE OF $7,150,000.00, WHICH NOTE IS
HEREBY  CONSOLIDATED,  AMENDED,  RESTATED  AND  RENEWED  WITH  A  FUTURE ADVANCE
HEREUNDER  IN THE AMOUNT OF $850,000.00.  DOCUMENTARY STAMP TAXES AND INTANGIBLE
TAXES WERE PAID IN FULL ON THE NOTE HEREBY RENEWED AND ARE BEING PAID IN FULL ON
THE  FOREGOING  FUTURE  ADVANCE  AMOUNT  IN CONNECTION WITH THE RECORDATION OF A
MORTGAGE  MODIFICATION  AGREEMENT  AND  FUTURE ADVANCE CERTIFICATE IN CONNECTION
HEREWITH.

                 RENEWED, AMENDED AND INCREASED PROMISSORY NOTE
                 ----------------------------------------------

$8,000,000.00                                                 JANUARY   4,  2006
                                                                 MIAMI,  FLORIDA

     FOR VALUE RECEIVED, REEDY CREEK ACQUISITION COMPANY, LLC, a Florida limited
liability  company  (the "Borrower"), with its principal address at 550 Biltmore
Way, Suite 700, Coral Gables, Florida, 33134, unconditionally promises to pay to
the order of STANFORD INTERNATIONAL BANK, LTD., (the "Lender"), having an office
at  No.  11,  Provilian  Drive,  St.  Johns, Antigua, West Indies, the principal
amount of EIGHT MILLION NO/100THS ($7,150,000.00) DOLLARS, or so much thereof as
the  Lender advances to the Borrower, pursuant hereto, together with interest on
the unpaid principal balance from time to time outstanding under this promissory
note  (this "Note"), at the rate of eight percent (8.00%) per annum, compounding
on  the  basis  of  a  360-day  year  for the actual number of days elapsed (the
Applicable  Interest  Rate)  from  the  date hereof through, until and including
December  31, 2006 (the Maturity Date) at which time the entire unpaid principal
balance and all accrued and unpaid interest shall become due and payable, if the
same  had  not become due and payable prior to said date, or unless the Maturity
Date is extended pursuant to Borrower's option to extend set forth herein below.
Interest  accruing  on  the  unpaid  principal balance from time to time due and
owing  under  the terms of this Note shall be payable quarterly on the following
dates:  (i)  March  31,  2006; (ii) June 30, 2006; (iii) September 30, 2006; and
(iv)  the  Maturity  Date.

     Upon  the happening of an Event of Default, as defined hereunder and in the
Mortgage  (defined  below),  the  Borrower  also promises to pay interest at the
highest  rate  of  interest  allowed  under  the  laws  of the State of Florida.

     All  payments of interest and of principal shall be payable in lawful money
of  the  United  States  of  America  in  immediately  available  funds  at
                                  (or such other place as Lender may designate),
----------------------------------
without  setoff,  counterclaim  or deduction of any kind. Each payment hereunder
shall  first  be applied to accrued and unpaid interest and then in reduction of
the  outstanding  principal  balance, unless other costs and charges are payable
pursuant  to the terms of this Note or any of the Loan Documents (as hereinafter
defined),  in  which  event, in Lender's sole discretion, such costs and charges
shall  first  be  paid.  This Note shall be construed and enforced in accordance
with Florida law (the "Applicable Law").

<PAGE>

     If any payment of interest or principal hereunder is not received by Lender
within five (5) days after its due date, Borrower shall pay Lender a late charge
equal  to  five  percent  (5.00%)  of  the  overdue  payment.

     All  parties liable for the payment of this Note agree to pay all costs and
expenses  incurred  by  Lender,  including  reasonable attorneys' fees and legal
costs  and  expenses, in collecting any sums due under this Note or in enforcing
the  terms and conditions of the Note and any of the Loan Documents (as the term
is  hereafter  defined), whether for services incurred in collection, litigation
proceedings  at pre-trial, trial and appellate levels, bankruptcy proceedings or
otherwise.

     The  payment of this Note is secured and governed by, among other things, a
Mortgage  and  Security  Agreement (the "Mortgage") recorded in Official Records
Book  2855,  at  Page  1243 of the Public Records of Osceola County, Florida, as
amended  by  that  certain  Mortgage  Modification  Agreement and Future Advance
Certificate  of  even  date  herewith  between the Lender and the Borrower to be
recorded  amongst  the Public Records of Osceola County, Florida. This Note, the
Mortgage  and  any  other  agreement  or instrument now or hereafter executed in
connection  with  the indebtedness evidenced by this Note are herein referred to
collectively  as  the  "Loan Documents". Any default by Borrower under the terms
and  conditions  of  any  of  the  Loan  Documents  shall  constitute  a default
hereunder.

     Any  notice,  consent,  approval  or  communication  given  pursuant to the
provisions of this Note shall (except where otherwise permitted by this Note) be
in  writing  and shall be (a) delivered by hand, (b) mailed by certified mail or
registered  mail, return receipt requested, postage prepaid, or (c) delivered by
a  nationally  recognized  overnight courier, U. S. Post Office Express Mail, or
similar  overnight  courier  which  delivers  only  upon  signed  receipt of the
addressee.  The  time  of  the giving of any notice shall be the time of receipt
thereof by the addressee or any agent of the addressee, except that in the event
the  addressee or such agent of the addressee shall refuse to receive any notice
given  as  above  provided  or there shall be no person available at the time of
delivery  thereof  to receive such notice, the time of the giving of such notice
shall  be the time of such refusal or the time of such delivery, as the case may
be.  Such notices shall be given to the Borrower and the Lender at the addresses
provided  in  the  Mortgage.

     Upon  the  happening of any of the following events, or upon the occurrence
of an "Event of Default" (as the term is defined in the Mortgage), each of which
shall constitute a default hereunder, and after the Borrower has received notice
and has had an opportunity to cure within the time and in the manner provided in
the  Mortgage,  the  Lender  may  elect  to  pursue  any  remedy provided in the
Mortgage,  and  all  liabilities  of  the  Borrower  to  Lender,  whether or not
evidenced  by  this  Note,  shall  thereupon  or thereafter at the option of the
Lender  without  notice  or  demand  become  due and payable: (a) failure of any
Borrower,  endorser,  surety  or  guarantor ("Obligor") to perform any agreement
hereunder  or to pay in full, when due, any indebtedness or liability whatsoever
to  Lender  or any installment thereof or interest thereon; (b) the death of any
Obligor which, in the Lender's sole discretion, has a material adverse effect on
the  Borrower's  ability  to  perform  or  pay  hereunder; (c) the filing of any
petition  under the Bankruptcy Act, or any similar federal, or state statute, by

<PAGE>

or  against  any Obligor which has not be cured in the manner or within the time
provided  in  the Mortgage; (d) an application for the appointment of a receiver
for  the  making of a general assignment for the benefit of creditors by, or the
insolvency of, any Obligor, which has not been cured in the manner or within the
time  provided  in  the Mortgage; (e) a default by Obligor under any of the Loan
Documents after written notice, if required, and passage of all period of grace,
if  any;  (f)  an  Obligor  admits  in  writing  that he/she/it is unable to pay
his/her/its  debts  as  they  mature  or  become  due; or (g) that any warranty,
representation,  certification or statement of any Obligor (whether contained in
this  Note  or  not)  pertaining  to or in connection with this Note or the loan
evidenced by this Note is not materially true.

     The  remedies  of  Lender  as provided herein and any of the Loan Documents
shall  be  cumulative and concurrent and may be pursued singly, successively, or
together  at  the  sole  discretion  of  Lender and may be exercised as often as
occasion  therefore  shall  arise. The acceptance by Lender of any payment under
this Note which is less than the amount then due or the acceptance of any amount
after  the due date thereof, shall not be deemed a waiver of any right or remedy
available  to  Lender nor nullify the prior exercise of any such right or remedy
by  Lender. None of the terms or provisions of this Note may be waived, altered,
modified  or  amended  except  by  a written document executed by Lender and the
Borrower, and then only to the extent specifically recited therein. No course of
dealing  or  conduct  shall be effective to waive, alter, modify or amend any of
the  terms  or  provisions hereof. The failure or delay to exercise any right or
remedy  available  to  Lender  shall not constitute a waiver of the right of the
Lender  to exercise the same or any other right or remedy available to Lender at
that  time  or  at  any  subsequent  time.

     Nothing  herein  contained,  nor  in  any instrument or transaction related
hereto,  shall  be construed or so operate as to require Borrower, or any person
liable  for the repayment of the loan evidenced by this Note, to pay interest in
an  amount  or  at  a  rate  greater  than  the  highest  rate permissible under
Applicable  Law  as  amended  from  time to time. Should any interest payment or
other  payment  of  the loan evidenced by this Note result in the computation or
earning  of  interest in excess of the highest rate permissible under Applicable
Law,  then  any  and  all  such excess shall be and the same is hereby waived by
Lender,  and  all  such  excess  shall  be credited by Lender against the unpaid
principal  balance  of this Note or paid by Lender to Borrower or to any parties
liable  for  the  repayment  of  the  loan  evidenced  by this Note, in the sole
discretion  of  Lender.  It  is  the  intent  of the parties hereto that neither
Borrower, nor any parties liable for the repayment of the loan evidenced by this
Note,  shall  be  required  to  pay  interest  in  excess  of  the  highest rate
permissible  under  Applicable  Law  as  amended  from  time  to  time.

     If  any provision of this Note or any of the Loan Documents shall be deemed
invalid,  illegal  or  unenforceable  under  Applicable  Law,  such  invalidity,
illegality  or  unenforceability  shall  not  affect  any  other  provision  (or
remaining  part  of  the  affected  provision)  of  this Note or any of the Loan
Documents  and  this  Note and the other Loan Documents shall be construed as if
such  invalid, illegal or unenforceable provision (or part thereof) had not been
contained  in  this  Note  and  other  Loan  Documents.

     To  the  fullest  extent  permitted  by  law,  Borrower  and  all sureties,
endorsers  and  guarantors  of  this  Note,  if  any,  hereby  (a) waive demand,
presentment  for  payment, notice of nonpayment, protest, notice of protest, and
all  other  notice,  filing  of  suit, and diligence in collecting this Note, in
enforcing  any  of  the  security  rights  set forth in the Loan Documents or in
proceeding  against  any  of  the  property or collateral encumbered by the Loan
Documents,  (b) agree to any substitution, exchange, addition, or release of any

<PAGE>

such  property  or  collateral or the addition or release of any party or person
primarily  or  secondarily  liable thereon, (c) waive any right to immunity from
any  action or proceeding brought in connection with this Note or any instrument
securing  it  and  waive  any  immunity  or  exemption of any property, wherever
located, from garnishment, levy, execution, seizure or attachment prior to or in
execution  of  judgment,  or  sale  under  execution  or  other  process for the
collection of debts; (d) waive any right to interpose any setoff or counterclaim
or  to  plead  any  statute  of  limitations  as a defense in any such action or
proceeding,  and waive all statutory provisions and requirements for the benefit
of  Borrower,  now  or  hereafter  in  force; (e) agree that Lender shall not be
required first to institute any suit or to exhaust its remedies against Borrower
or  any  other  person or party liable hereunder in order to enforce payment for
this Note; (f) consent to any extension, rearrangement, renewal, or postponement
of time of payment of this Note and to any other indulgency with respect thereto
without  notice,  consent  or consideration to any of them; and, (g) agree that,
notwithstanding  the  occurrence  of  any  of  the foregoing (except the express
written  release by Lender of any such person), they shall be and remain jointly
and  severally, directly, and primarily liable for all sums due under this Note,
and the Loan Documents.

     All  payments provided for in this Note shall be made free and clear of any
deductions  for any present or future taxes or other charges imposed at any time
by  any government or political subdivision or taxing authority, except federal,
state  and  local  income  taxes, (such charges being hereinafter referred to as
"Taxes").  If  any Taxes are imposed or required to be withheld from any payment
hereunder, Borrower shall (a) increase the amount of such payment so that Lender
will receive a net amount (after deduction of all Taxes) equal to the amount due
hereunder  and  (b)  pay  all  Taxes to the appropriate taxing authority for the
account  of  Lender  and,  as  promptly  as  possible thereafter, send Lender an
original  receipt  showing  payment  thereof,  together  with  such  additional
documentary  evidence  as  Lender  may from time to time require. Borrower shall
indemnify Bank from and against any and all Taxes (irrespective of when imposed)
and  any  related  interest and penalties that may become payable by Lender as a
consequence  of  Borrower's  failure to perform any of its obligations under the
preceding  sentence.

     Whenever  used  in this Note, the singular number shall include the plural,
the  plural  shall  include  the  singular,  and the masculine shall include the
feminine  and  the neuter, and the words "Borrower" and "Lender" shall be deemed
to  include all persons named as Borrower and Lender in the opening paragraph of
this  Note  and their respective successors and assigns, if any. It is expressly
understood  and agreed that Lender shall never be construed for any purpose as a
partner,  joint  venturer,  co-principal,  or  associate  of Borrower, or of any
person  or  party  claiming  by,  through,  or  under  Borrower.

     BORROWER  AND  ALL  SURETIES,  ENDORSERS  AND  GUARANTORS  OF  THIS  NOTE,
IRREVOCABLY  AGREE  THAT  ANY ACTION OR PROCEEDING ARISING HEREUNDER OR RELATING
HERETO  THAT IS BROUGHT BY BORROWER SHALL BE TRIED BY THE COURTS OF THE STATE OF
FLORIDA  SITTING  IN  PALM  BEACH  COUNTY,  OR THE UNITED STATES DISTRICT COURTS
SITTING  THERE. BORROWER AND ALL SURETIES, ENDORSERS AND GUARANTORS, IRREVOCABLY
SUBMIT,  IN  ANY  SUCH  ACTION  OR  PROCEEDING THAT IS BROUGHT BY LENDER, TO THE
NON-EXCLUSIVE  JURISDICTION OF EACH SUCH COURT, IRREVOCABLY WAIVE THE DEFENSE OF
AN  INCONVENIENT  FORUM WITH RESPECT TO ANY SUCH ACTION OR PROCEEDING, AND AGREE
THAT  SERVICE  OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE MADE UPON SUCH
BORROWER  BY  MAILING  A COPY THEREOF TO SUCH PERSONS AT SUCH BORROWER'S ADDRESS
SET  FORTH  HEREIN  (AS  WELL  AS  BY  ANY  OTHER  LAWFUL  METHOD).

<PAGE>

     LENDER AND BORROWER AND ALL SURETIES, ENDORSERS AND GUARANTORS OF THIS NOTE
HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT THEY MAY HAVE TO
A  TRIAL  BY  JURY  AND  TO  BRING  ANY  ACTION  IN  THE  NATURE OF A PERMISSIVE
COUNTERCLAIM  WITH  RESPECT TO ANY LITIGATION BASED HEREON OR ON ANY OF THE LOAN
DOCUMENTS,  OR  ARISING  OUT  OF,  UNDER OR IN CONNECTION WITH THIS NOTE AND ANY
AGREEMENT  CONTEMPLATED  TO BE EXECUTED IN CONNECTION HEREWITH, OR ANY COURSE OF
CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF
THE  PARTIES.  THIS  PROVISION  IS A MATERIAL INDUCEMENT FOR THE LENDER ENTERING
INTO  THE  LOAN  TRANSACTION  EVIDENCED  BY  THIS  NOTE  AND THE LOAN DOCUMENTS.

      Dated  and  executed  this  4th day  of  January,  2006.

                                     BORROWER:

                                     REEDY CREEK ACQUISITION COMPANY, LLC,
                                     a Florida limited liability company

                                     By: /s/ Malcolm J. Wright
                                        ------------------------------------
                                         Malcolm J. Wright, its Manager
                                        --------------       ---------------

<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00096-of-00352.parquet"}]]