Document:

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                                                                    Exhibit 10.4

LETTER OF INTENT FOR A 35M HIGH SPEED PASSENGER
CATAMARAN FERRY - PREPARED FOR LIGHTHOUSE
HOLDINGS/NEW YORK FAST FERRY BY R.E. DERECKTOR, INC.

3/15/00

Lighthouse Holdings/New York Fast Ferry

Dear John Koenig:

The undersigned, Robert E. Derecktor, Inc., is pleased to propose to you the
sale of one 35m passenger ferry to be constructed by the undersigned, subject to
the general terms and conditions set forth in the "Summary of Terms" transmitted
herewith (the "Summary of Terms") the terms of which are incorporated herein by
reference.  Defined terms used herein are used with the meaning assigned to such
terms in the Summary of Terms.

To initiate the construction of the vessel Robert E. Derecktor we will prepare a
builders specification and general arrangement plans to a non-refundable deposit
of twenty-five thousand dollars ($25,000).  If you decide to proceed with the
construction of the ferry once the plans and specifications are completed, then
the initial deposit above will be applied to the down payment on the ferry.

If you find this proposal acceptable, please (i) execute the enclosed copy of
this proposal letter in the same space provided and initial each page of the
Summary of Terms, (ii) return the same by facsimile and courier to the above
address and (iii) cause the Initial Deposit to be wired to the Payment Account.
If we do not receive an executed copy of this proposal and the Initial Deposit
prior to March 31st, 2000, or such later date as the undersigned shall agree in
writing (the "proposed Expiry Date"), this proposal shall terminate.

If we receive a copy of this proposal executed by Buyer and the Initial Deposit
as above provided prior to the Proposed Expiry Date, the Shipbuilder shall
reserve building slots for construction of the Vessel, subject to prior
commitments and each of us agree to negotiate in good faith with a view to
executing the Shipbuilding Agreement on or prior to March 15th, 2000, or such
later date as the parties shall agree in writing (the "Documentation Deadline").

If the Shipbuilding Agreements have not been entered into by the parties prior
to the Documentation Deadline, the obligations of the parties hereunder and
under the Summary of Terms (except those which by their terms survive such
termination) shall terminate and the Shipbuilder shall retain the Initial
Deposit theretofore received by the Shipbuilder.

Agreed:

Light House Holdings/New York Fast Ferry

By: /s/Anthony T. Colasanti        Title: Vice President
   ------------------------              ---------------
   Anthony T. Colasanti

R.E. DERECKTOR, INC.

By:                                Title:
   ------------------------              ---------------
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                               Summary of Terms
                               ----------------

Shipbuilder:                        Robert E. Derecktor, Inc.

Purchaser:                          Lighthouse Landing/New York Fast Ferry

Naval Architects:                   Nigel Gee and Associates Ltd.

Vessels:                            One vessel to be constructed by the
                                    Shipbuilder in accordance with the
                                    Preliminary Specifications attached hereto
as                                  Exhibit A and the Shipbuilding Agreements.
                                    With option for two additional vessels.

Purchase Price:                     Between Four Million seven hundred fifty
                                    thousand and Five Million United States
                                    Dollars ($4,75,000-$5,000,000) depending
                                    upon the final specification.

Deposits:                           Buyer shall pay the Shipbuilder an initial
                                    deposit (the "Initial Deposit") of twenty-
                                    five thousand ($25,000) on the date of
                                    signing of this proposal letter. Deposits
                                    shall be non-refundable and go towards the
                                    preparation of a Builder's Specification and
                                    General Arrangement plans. The Specification
                                    and General Arrangement plans are the
                                    property of Robert E. Derecktor, Inc. and
                                    Nigel Gee and Associates, Ltd. If the buyer
                                    decides to proceed with the vessel, the
                                    twenty five thousand dollars ($25,000) will
                                    be applied towards the construction deposit
                                    payment.

Payment Account:                    Bank of New York/County Region
                                    535 East Boston Post Rd.
                                    Mamaroneck, New York 10543
                                    ABA# 021-0000-18
                                    Credit to
                                    Robert E. Derecktor, Inc.
                                    A/C# 0080-200-250

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Shipbuilding Agreements:            The definitive shipbuilding agreements
                                    relating to each Vessel consistent with the
                                    terms of this proposal letter and containing
                                    such other terms and conditions as are
                                    customary in transactions of the type
                                    contemplated hereby and mutually
                                    satisfactory to the parties, the initial
                                    draft of which shall be prepared by the
                                    Shipbuilder's counsel. Each party shall be
                                    responsible for the fees and expenses of its
                                    own counsel.

Governing Law, Jurisdiction:        New York

Estimated Delivery Date:            Nine (9) months after the execution of the
                                    Shipbuilding Agreements after the execution
                                    of the Shipbuilding Agreements.  Later dates
                                    as may be permitted under the relevant
                                    Shipbuilding Agreement.

Inspection:                         Buyer shall have the right to inspect the
                                    Vessels during normal business hours,
                                    provided that such inspection does not
                                    interfere with the Shipbuilder's work.

Insurance:                          Prior to delivery of a Vessel, the
                                    Shipbuilder shall maintain customary
                                    builder's insurance over such Vessel in an
                                    amount equal to the aggregate amount of the
                                    Purchase Price previously paid by the Buyer
                                    to the Shipbuilder for such Vessel.

Taxes:                              Buyer will be responsible for all taxes,
                                    fees, customs duties and other governmental
                                    charges arising out of the transactions
                                    contemplated hereby, except income taxes
                                    imposed on the Shipbuilder.

Exclusivity:                        Buyer agrees that from the date this
                                    proposal letter is entered into and until
                                    the termination of this proposal letter, it
                                    will

                                       2
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                                    exclusively negotiate with the Shipbuilder
                                    for construction of vessels similar to the
                                    Vessels. The Shipbuilder agrees that from
                                    the date this proposal letter is entered
                                    into and until the termination of this
                                    proposal letter, it will reserve building
                                    slots necessary for the timely completion of
                                    the Vessels.

Confidentiality:                    Each of Buyer and the Shipbuilder agree that
                                    this proposal letter, the exhibits hereto
                                    the Shipbuilding Agreements, the terms
                                    hereof and thereof shall be kept
                                    confidential; provided however, that nothing
                                    in this proposal letter or in the
                                    Shipbuilding Agreements is intended or may
                                    be construed to obligate either party hereto
                                    to refuse to provide information in respect
                                    to a lawful demand or order of any
                                    governmental agency or any court of
                                    competent jurisdiction. The requirement of
                                    confidentiality shall survive the
                                    termination of this proposal letter and/or
                                    the Shipbuilding Agreements.

                                       3EXHIBIT 4.3

                             SUBSCRIPTION AGREEMENT
                                       FOR
                             TRAVELNSTORE.COM, INC.

TravelnStore.Com, Inc.
1100 Paseo Camarillo
Camarillo, California  93012
Attn: Jim B Tyner, Chairman

Gentlemen:

         I am delivering  this Agreement for the purpose of subscribing  for the
number of  shares  of  Common  Stock of  TravelnStore.Com,  Inc.,  a  California
corporation  ("TravelnStore.Com")  set  forth on the  Registration  page of this
Subscription Agreement.

1.       Subscription  for Shares.  I agree to purchase  the number of shares of
Common Stock (the "Shares") indicated on the Registration page and tender to the
Company a check for the full  amount of the  purchase  price for the  Shares.  I
acknowledge  that the minimum  acceptable  subscription is Two Hundred Ten (210)
Shares at a  subscription  price of Nine  Dollars  and Fifty  Cents  ($9.50) per
Share,  for an  aggregate  subscription  price  of  One  Thousand  Nine  Hundred
Ninety-Five  Dollars  ($1,995.00).  If the  number  of Shares  specified  on the
Registration  page does not comply  with these  requirements,  the  Company  may
reject my subscription.  The Company shall have no obligation to notify me prior
to its rejection of this  subscription or that the number of Shares specified on
the Registration page does not comply with the foregoing requirement.

2.       Terms  of  Subscription.  I  am  tendering  this  subscription  on  the
following terms and conditions.

         a. I may rescind my subscription at any time prior to the time that the
Company  accepts my  subscription.  If I exercise  this right,  my funds will be
returned to me, without interest.

         b. The Company may, in its sole  discretion,  reject my subscription in
whole or in part. No cancellation  fee will be charged if the Company rejects my
subscription.

3.       Representations and Acknowledgments.  I hereby represent and warrant to
the Company as follows in connection with my subscription for the Shares.

         a.  Examination of Risks. I have read and reviewed with my professional
advisors the Company's  Prospectus dated  ______________,  1999, which describes
the Company, the Shares and this Offering.

                  i.  I  recognize  that  the  Company,   its  business  and  my
investment in the Company will be subject to numerous  investment  and operating
risks.

                  ii. I have reviewed the  description  of the risks  associated
with  my  investment  that  are set  forth  in  "Risk  Factors"  section  of the
Prospectus.

         b. Suitability Standards. I represent and warrant as follows:

                  i. if I am an individual, that I, either alone or jointly with
my spouse, satisfy one or more of the following:

                           (1) I have a net worth of at least $250,000.00; or
<PAGE>

                           (2) I have a net  worth of at least  $150,000.00  and
had gross income for each of the 1997 and 1998 tax years of at least  $50,000.00
and I  anticipate  having at least that  level of gross  income for the 1999 tax
year; or

                  ii. if I am not an individual,  that the entity  satisfies one
or more of the following:

                           (1)  the   entity   has  a  net  worth  of  at  least
$250,000.00; or

                           (2) the amount of the  investment  does not exceed 5%
of the entity's total assets.

         c.  Financial  Liquidity;  Risk  of  Loss.  I have  adequate  means  of
providing for my current and future needs and contingencies,  and I have no need
for liquidity in this investment.  I have the financial ability to bear the risk
of this investment and can afford to lose the entire amount of my investment.

         d.  Independent  Investment  Advice.  I have  made such  inquiries  and
investigations as I and my advisers determined to be appropriate for the purpose
of deciding whether to invest in the Company.

         e.  Marketability  of Shares.  I realize that the Company will not list
the Shares for trading on any exchange or the Nasdaq  quotation  system and that
there  will be no ready  market for my resale of any of the  Shares,  that I may
have to hold my Shares indefinitely,  and that I may be unable to sell my Shares
under any  circumstances,  including an  emergency.  I further  realize that the
Company has no  obligation  to list the Shares on any  exchange or in the Nasdaq
quotation system..

INDEMNITY

         I covenant  and agree to indemnify  and hold the  Company,  each of its
officers,  directors,  employees,  attorneys  and  agents,  and  each  of  their
affiliates,  free and  harmless  from and against any loss,  damage or liability
arising from or due to any breach of any of the  representations and warranties,
and from any false  statement,  representation  or omission  contained,  in this
Subscription  Agreement and the Registration Form in connection with my proposed
investment in the Company.

                (Registration form appears on the following page)

<PAGE>

                             TRAVELNSTORE.COM, INC.
                                REGISTRATION FORM

1.       Number of Shares: ________________________ (Minimum of 210 Shares)

2.       Total Purchase Price: ________________________ ($9.50 per Share)

3.       Form of Ownership. Please register ownership of my Shares as follows:

         [ ] Husband and Wife, as community property
         [ ] Married ([ ] Man) ([ ] Woman) as sole and separate property
         [ ] Joint Tenants
         [ ] Tenants in Common
         [ ] Other (Specify: e.g., corporation, partnership,
             trust, single man, etc.):
             ---------------------------------------------------------------

4.       Registered  Name.  The exact  spelling of the  name(s)  under which the
         Shares are to be registered is as follows:

--------------------------------------------------------------------------------
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5.       Taxpayer ID#. _________________________________________________________

6.       Registered Address. Communications should be addressed to the following
         mailing address:

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         Telephone: (_____) ___________         Facsimile: (______) ____________

I DECLARE UNDER PENALTY OF PERJURY THAT THE INFORMATION WHICH I HAVE SUPPLIED IS
TRUE, CORRECT AND COMPLETE IN ALL RESPECTS.

EXECUTED this _________ day of ______________________, 2000, at_________________
-------------------------------------------------------------------------------.
--------------------------------------------------------------------------------
---------------------------------------  ---------------------------------------
(printed name of subscriber)             (printed name of spouse)

---------------------------------------  ---------------------------------------
(signature of subscriber)                (signature of spouse)
---------------------------------------  ---------------------------------------

SUBSCRIPTION ACCEPTED:
TravelnStore.Com, Inc.

------------------------------
By: Jim B. Tyner, Chairman
Dated: _____________________, 2000

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