Document:

EXHIBIT 10.51

                     THIRD AMENDMENT TO CREDIT AGREEMENT AND
               SECOND AMENDMENT ADDITIONAL STOCK PLEDGE AGREEMENT

     THIS THIRD AMENDMENT TO CREDIT AGREEMENT AND SECOND AMENDMENT TO ADDITIONAL
STOCK  PLEDGE  AGREEMENT  (the  "AMENDMENT"),  dated as of December 1, 2004 (the
                                 ---------
"EFFECTIVE  DATE"),  is  made  by  and  among AMERICAN LEISURE HOLDINGS, INC., a
    ------------
Nevada  corporation  ("ALHI"),  CARIBBEAN LEISURE MARKETING LIMITED, an Antiguan
    -                  ----
limited  company  ("CLM"), CASTLECHART LIMITED, a United Kingdom private limited
                    ---
company  ("CC")  (ALHI,  CLM  and  CC  collectively  referred  to  herein as the
"BORROWERS"  and  individually  as  a  "BORROWER"), and STANFORD VENTURE CAPITAL
                                        --------
HOLDINGS,  INC.  (the  "LENDER").  All  other  capitalized  terms  used  in this
                        ------
Amendment  and not otherwise defined have the meanings set forth in that certain
Credit  Agreement  dated  as  of  June  17,  2004  (the  "AGREEMENT").
                                                          ---------

                                    RECITALS
                                    --------

     WHEREAS,  the  Borrowers  and Lender entered into the Agreement pursuant to
which  the  Lender  committed  to  make  credit  loans  to  the  Borrowers;  and

     WHEREAS,  the  Borrowers  and  Lender  entered into that certain Additional
Stock  Pledge  Agreement dated as of June 17, 2004 (the "ADDITIONAL STOCK PLEDGE
                                                         -----------------------
AGREEMENT")  pursuant  to  which  the  Borrowers  pledged  to  Lender a security
--------
interest in certain collateral; and

     WHEREAS,  the  Borrowers  and  the  Lender  entered into that certain First
Amendment to Credit Agreement and Additional Stock Pledge Agreement, dated as of
September 10, 2004 (the "FIRST AMENDMENT"), and that certain Second Amendment to
                         ---------------
$1  Million  Credit  Agreement  dated  as  of  November  16,  2004  (the "SECOND
                                                                          ------
AMENDMENT").
---------

     WHEREAS,  the  Borrowers executed a Promissory Note in the principal amount
of  $1,000,000  dated  as of the initial Borrowing Date and a Renewal Promissory
Note  in the principal amount of $1,155,000 dated as of September 10, 2004, each
payable to the order of the Lender (collectively, the "NOTE"); and
                                                       ----

     WHEREAS,  the  Borrowers  and  Lender  (collectively the "PARTIES") wish to
                                                               -------
amend the Agreement and the Additional Stock Pledge Agreement as provided below.

     NOW,  THEREFORE,  in consideration of the premises and the mutual covenants
and  agreements  set  forth  herein,  and  other good and valuable consideration
exchanged  between  the parties, the receipt and sufficiency of which are hereby
acknowledged,  the  parties  hereto  agree  as  follows:

                                    AMENDMENT
                                    ---------

     1.     MODIFICATION  OF  MAXIMUM  LOAN  COMMITMENT.  The  Maximum  Loan
            -------------------------------------------
Commitment  as  defined in Section 1.1.32 of the Agreement shall be increased to
the  aggregate  principal  amount  of up to $1,355,000.00. All references in the
Agreement  to  the  Maximum  Loan  Commitment shall be revised to $1,355,000.00.

<PAGE>

     2.     ADDITIONAL AVAILABILITY.  The following aggregate amounts (including
            -----------------------
all  advances  previously  made  under  the Agreement) shall be added to Section
1.1.4  of  the  Agreement:

          December  16,  2004              $1,255,000.00
          January  13,  2005               $1,355,000.00

     3.       INTEREST  PAYMENTS.  Section  2.7.2  of  the  Agreement  shall  be
              ------------------
replaced  in  its  entirety  to  read  as  follows:

     2.7.2     Borrower  shall  pay  the Lender interest quarterly on the unpaid
principal  balance  of  the Loan, in arrears, at a per annum rate equal to eight
percent  (8%).  Interest charges shall be computed on the basis of a year of 360
days  and  actual  days  elapsed,  and  will  be  payable  to the Lender on each
applicable  Loan  Payment  Date.  Interest  shall accrue on the unpaid Principal
Amount from advances previously made on and after April 22, 2004 until April 22,
2007  (the "MATURITY DATE").  Payments of the Interest due under this Note shall
            -------------
be made as follows in immediately available lawful money of the United States of
America:

          (i) Through December 31, 2004, quarterly in arrears.

          (ii)  All  Interest accruing from January 1, 2005 until March 31, 2006
     shall be payable in a lump sum on April 3, 2006.

          (iii)  Interest  accruing  on and after April 1, 2006 shall be payable
     quarterly in arrears.

          (iv)  Upon the Maturity Date, all of the principal amount of the Note,
     all accrued and unpaid Interest, and all other sums due and owing to Lender
     hereunder  shall  be  paid  in full; each payment is to be applied first to
     accrued  and  unpaid  Interest  and  the  balance  in  the reduction of the
     principal amount of the Note.

     4.     RENEWAL  NOTE.  Simultaneously with the execution of this Amendment,
            -------------
the  Borrowers  have  executed  a  Second  Renewal  Promissory  Note  (the
"SECOND RENEWAL NOTE,"  a  copy  of which is attached hereto as Exhibit A) which
 -------------------
renews, replaces and supercedes the Notes.  Upon the execution of this Amendment
and the Second Renewal Note, the Notes shall be marked cancelled and returned to
the  Borrower.  All  references to the Notes as defined in Section 1.1.33 of the
Credit Agreement and the Recitals of the Additional Stock Pledge Agreement shall
be  amended  to  state  the  "Second  Renewal  Note."

     5.     MISCELLANEOUS.
            -------------

          (a)  The  Agreement  and  the  Additional Stock Purchase Agreement are
     reaffirmed  and  ratified  in  all  respects,  except as expressly provided
     herein.

          (b)  In  the  event of any conflict between the terms or provisions of
     (i)  this  Amendment  and  the  Agreement  or  (ii)  the  Amendment and the
     Additional Stock Pledge Agreement, then this Amendment shall prevail in all
     respects.  Otherwise,  the  provisions  of the Agreement and the Additional
     Stock Pledge Agreement shall remain in full force and effect.

<PAGE>

          (c) Capitalized terms used in this Amendment and not otherwise defined
     in  this  Amendment  have  the  meanings  assigned to them in the Agreement
     and/or the Additional Stock Pledge Agreement, as the case may be.

          (d)  The  parties  shall  execute and deliver any other instruments or
     documents  and  take  any  further  actions  after  the  execution  of this
     Amendment,  which may be reasonably required for the implementation of this
     Amendment and the transactions contemplated hereby.

          (e)  This  Amendment may be executed in multiple counterparts, each of
     which  shall be deemed an original, but all of which, taken together, shall
     constitute one and the same instrument. For purposes of authenticating this
     Amendment, facsimile signatures shall be deemed original.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

     IN  WITNESS  WHEREOF,  the  parties hereto have caused this Agreement to be
effective  on  the  date  first  written  above.

                                              "BORROWERS"

                                              AMERICAN  LEISURE  HOLDINGS,  INC.
                                              a  Nevada  corporation

--------------------------------              By:
(Signature  of  Witness)                          ------------------------------
                                              Its:
--------------------------------                  ------------------------------
(Printed  Name  of  Witness)

                                              CARIBBEAN  LEISURE  MARKETING  in
                                              LIMITED, an Antiguan limited
                                              company

--------------------------------              By:
(Signature  of  Witness)                          ------------------------------
                                              Its:
--------------------------------                  ------------------------------
(Printed  Name  of  Witness)

                                              CASTLECHART  LIMITED,  A  United
                                              Kingdom  private  limited  company

--------------------------------              By:
(Signature  of  Witness)                          ------------------------------
                                              Its:
--------------------------------                  ------------------------------
(Printed  Name  of  Witness)

                                              "LENDER"

                                              STANFORD VENTURE CAPITAL
                                              HOLDINGS, INC.

--------------------------------              By:
(Signature  of  Witness)                          ------------------------------
                                              Name:
--------------------------------                  ------------------------------
(Printed  Name  of  Witness)                  Title:
                                                    ----------------------------

<PAGE>

                                    EXHIBIT A

                         SECOND RENEWAL PROMISSORY NOTE

<PAGE>EXHIBIT 10.52

                         SECOND RENEWAL PROMISSORY NOTE
                         ------------------------------

$1,355,000.00                                                  December 13, 2004

                                 ***************

     For  Value  Received,  each  of  Caribbean  Leisure  Marketing  Limited, an
Antiguan  limited company ("CLM"), Castlechart Limited, a United Kingdom private
                            ---
limited company ("CC") and American Leisure Holdings, Inc., a Nevada corporation
                  --
("ALHI"  together  with  CLM  and  CC are collectively referred to herein as the
  ----
"MAKERS" and individually as a "MAKER") hereby jointly and severally, absolutely
  -----                         -----
and  unconditionally  promise  to  pay  to the order of Stanford Venture Capital
Holdings, Inc., or its assigns (the "PAYEE"), at 5050 Westheimer, Houston, Texas
                                     -----
77056,  or at such other place or places as Payee may direct, in lawful money of
the  United  States,  on  or  before  April  22,  2007 (the "MATURITY DATE") the
                                                             -------------
principal  amount  of  $1,355,000.00  (sometimes  hereinafter referred to as the
"PRINCIPAL AMOUNT") together with interest on the unpaid principal balance at an
 ----------------
annual  rate  equal  to  8%  PER  ANNUM ("INTEREST").  Interest charges shall be
                                          --------
computed on the basis of a year of 360 days and actual days elapsed, and will be
payable  to  the  Lender  on  each  applicable  Loan  Payment  Date.

The  Makers  also  agrees  as  follows:

     1.     Renewal.  This  Note  renews, replaces and supersedes the Promissory
            -------
Note, dated as of June 17, 2004, as amended, and that certain Renewal Promissory
Note, dated as of September 10, 2004, each executed by the Borrowers in favor of
the  Lender,  which upon execution hereof shall be marked cancelled and returned
to  the  Borrowers.

     2.     Payments  and  Interest.  Interest  shall  accrue  on  the  unpaid
            -----------------------
Principal Amount from advances previously made on and after April 22, 2004 until
the  Maturity  Date.  Payments of the Interest due under this Note shall be made
as  follows  in  immediately  available  lawful  money  of  the United States of
America:

          a.   Through December 31, 2004, quarterly in arrears.

          b.   All  Interest  accruing  from  January  1,  2005  until March 31,
               2006 shall be payable in a lump sum on April 3, 2006.

          c.   Interest  accruing  on  and  after  April  1,  2006  shall  be
               payable quarterly in arrears.

          d.   Upon  the  Maturity  Date  all  of  the  Principal  Amount,  all
               Interest  and  all  other  sums  due and owing to Payee hereunder
               shall  be  paid  in  full; each payment is to be applied first to
               accrued  and  unpaid Interest and the balance in the reduction of
               the Principal Amount.

The  Makers'  obligation to repay the Loan and to pay Interest on the Loan shall
be  absolute,  irrevocable  and  unconditional  under  any and all circumstances
whatsoever  and shall not be terminated for any reason whatsoever. This Note may
be  prepaid  at  the  option  of  the  Makers on thirty (30) days' prior written
notice. Any prepayment will first be applied to accrued interest and then to the
unpaid  principal  balance  of  this  Note.

<PAGE>

     3.     Credit  Agreement.  This  Note  has  been  executed  and  delivered
            -----------------
pursuant  to,  and  is  subject  to  the  terms and conditions set forth in that
certain  Credit  Agreement  dated  as  of June 17, 2004, and amended by (i) that
certain  First  Amendment  to  Credit  Agreement  and  Additional  Stock  Pledge
Agreement,  dated  as  of  September 10, 2004 (the "FIRST AMENDMENT"); (ii) that
                                                    ---------------
certain  Second  Amendment  to $1 Million Credit Agreement, dated as of November
16,  2004  (the  "SECOND  AMENDMENT"); and (iii) that certain Third Amendment to
                  -----------------
Credit  Agreement and Second Amendment to Additional Stock Pledge Agreement (the
"THIRD  AMENDMENT")  of even date herewith, entered into by and among the Makers
 ----------------
and  Payee (collectively, the "CREDIT AGREEMENT").  The Payee of this Note shall
                               ----------------
be  entitled  to  all  of  the  benefits  provided  in  the  Credit  Agreement.

     4.     Stock  Pledge  Agreement.  The  payment  of  the principal amount of
            ------------------------
$1,355,000  with  interest  due  under  this  Note  is  secured  by that certain
Additional  Stock  Pledge Agreement dated as of June 17, 2004, as amended by the
First and Third Amendments, entered into by and among Makers and Lender pursuant
to  which  CC  pledged  to Lender all of the issued and outstanding stock of CLM
(collectively,  the  "ADDITIONAL  STOCK  PLEDGE  AGREEMENT").
                      ------------------------------------

     5.     Acceleration  Upon  Default.  Payee  may  declare  the entire unpaid
            ---------------------------
Principal Amount of this Note, together with all accrued and unpaid Interest, to
be immediately due and payable upon written demand, at Payee's sole election, if
any one or more of the following events of default (each, an "EVENT OF DEFAULT")
                                                              -----------------
shall  occur:

          (a)     Payments  of  Principal  and Interest. Any Maker shall fail to
                  -------------------------------------
make  any  payment  of  the Principal Amount or Interest on this Note within ten
(10)  days after Payee has provided Maker with written notice that such payments
are  due.

          (b)     Failure to Observe or Perform Covenants. Any Maker defaults in
                  ---------------------------------------
any  material  respect  in  the  observance  or  performance of any non-monetary
representation,  warranty,  covenant,  or  agreement  in this Note or the Credit
Agreement  and  such  default  continues  for a period of thirty (30) days after
written  notice  by  Payee  to  Maker;  provided,  however,  to  the extent such
non-monetary  default  is  not capable of being cured within said 30-day period,
Maker  will  have  an  additional  thirty  (30)  days  to cure such non-monetary
default.

          (c)     Cross  Default.  There  shall  occur  any  default or event of
                  --------------
default  on  the  part  of  any Maker under the Credit Agreement, the Additional
Stock  Pledge  Agreement;  the  $6,000,000 Credit Facility by and among Sunstone
Golf  Resort,  Inc.,  American  Leisure  Marketing & Technology, Inc., Advantage
Professional Management Group Inc., Caribbean Leisure Marketing Limited, Leisure
Share  International,  Ltd., American Leisure Holdings, Inc., and Malcolm Wright
and  Stanford  Venture Capital Holdings, Inc. dated as of December 18, 2003; the
$3,000,000  Promissory Note dated as of June 17, 2004 issued by each of American
Leisure  Marketing  & Technology, Inc., Orlando Holidays, Inc., American Leisure
Inc.,  Welcome to Orlando, Inc., America Travel & Marketing Group, Inc., Hickory
Travel  Services, Inc. and American Leisure Holdings, Inc. in favor of Payee; or
any  agreement,  document  or  instrument  which  relates  to any debt for money
borrowed, if, as a consequence of such default or event of default, the Payee of
such  debt  shall  be  authorized  to  accelerate the maturity or demand payment
thereof,  provided written notice and opportunity to cure required in connection
with  the  applicable  documentation  has  been  provided  to  Maker.

          (d)     Bankruptcy,  etc.,  Maker.  Should  (i) Any Maker commence any
                  -------------------------
case,  proceeding  or  other  action  (collectively, "PROCEEDING") (A) under any
                                                      ----------
existing  or  future  law  of any jurisdiction, domestic or foreign, relating to
bankruptcy,  insolvency, reorganization or similar relief of debtors, seeking to
have an order for relief entered with respect to it, or seeking to adjudicate it
a  bankrupt  or  insolvent,  or seeking reorganization, arrangement, adjustment,
winding-up,  liquidation,  dissolution, composition or other similar relief with
respect  to  it or its debts, or (B) seeking appointment of a receiver, trustee,
custodian or other similar official for it or for all or any substantial part of
its  assets, or any Maker shall make a general assignment for the benefit of its
creditors;  or  (ii)  there  be  commenced against any Maker any Proceeding of a

<PAGE>

nature referred to in clause (i), above, which results either in the entry of an
order  for  relief  ("ORDER")  or appointment, and any such Order or appointment
                      -----
remains undismissed in a manner reasonably satisfactory to Payee for a period of
sixty  (60) days (the foregoing shall include the commencement against any Maker
of  any  Proceeding  seeking  issuance  of  a  warrant of attachment, execution,
distraint  or  similar process against all or any substantial part of its assets
which  results  in  the  entry  of  an  Order  for any such relief which remains
undismissed  in  a manner reasonably satisfactory to Payee for sixty (60) days);
or  (iii)  any  Maker  takes  any  action  substantially  in  furtherance of, or
expressly  indicating its consent to, approval of or acquiescence in, any of the
acts  set  forth  in  clause  (i)  or  (ii)  above.

     6.     Default  Rate  of  Interest.  During the continuance of any Event of
            ---------------------------
Default,  Interest  shall be calculated at the rate of Fifteen Percent (15%) per
annum.

     7.     Conversion
            ----------

          (a)     Conversion  Rights.  At  any  time prior to the Maturity Date,
                  ------------------
amounts outstanding under this Note and all sums at any given time due hereunder
shall,  at the sole election of the Payee and upon 5 days written notice to ALHI
on behalf of all of the Makers be convertible into that number of shares of ALHI
common  stock.  $0.001 par value per share calculated by dividing the amount due
by  $10.00.  Any  conversion shall be exercised by written notice to ALHI at its
principal  place of business, and may be exercised in full or in part, from time
to  time.

          (b)     Mechanics  of  Conversion.
                  -------------------------

               i.   Any  conversion  shall  be  exercised  by  written notice to
                    ALHI  at  its  principal  place of business (the "CONVERSION
                                                                      ----------
                    NOTICE").
                    ------

               ii.  Within  five  (5)  days  of  its  receipt  of the Conversion
                    Notice,  ALHI  shall issue and deliver to the address of the
                    Payee  as set forth in the Credit Agreement (as such address
                    may  be  modified from time to time in the records of ALHI),
                    or  to  the  Payee's nominees, a certificate or certificates
                    for the number of shares of Common Stock to which such Payee
                    shall  be  entitled;  provided,  that  ALHI  shall  not  be
                    obligated  to issue to any Payee certificates evidencing the
                    shares  of Common Stock issuable upon such conversion unless
                    either  this  Note is delivered to ALHI for cancellation and
                    reissuance  in  the proper amount or an affidavit of loss of
                    this Note has been executed by the Payee.

               iii. If  ALHI  shall  declare  and  pay  to  the  holders  of the
                    shares of Common Stock a dividend in shares of Common Stock,
                    the Conversion Price in effect immediately prior to the date
                    fixed for the determination of shareholders entitled to such
                    dividends  shall  be  proportionately decreased (adjusted to
                    the  nearest  1/100th  of  a  share  of  Common Stock), such
                    adjustment  to  become  effective immediately after the date
                    fixed for such determination.

               iv.  If  ALHI  shall  subdivide  the  outstanding  shares  of
                    Common Stock into a greater number of shares of Common Stock
                    or  combine  the  outstanding  shares of Common Stock into a
                    smaller  number  of  shares  of Common Stock, the Conversion
                    Price  in  effect  immediately  prior to such subdivision or
                    combination,  as  the  case may be, shall be proportionately
                    increased or decreased (adjusted to the nearest 1/100th of a
                    share  of  Common  Stock),  as  the  case  may require, such
                    increase  or  decrease,  as  the  case  may  be,  to  become
                    effective  when  such  subdivision  or  combination  becomes
                    effective.

<PAGE>

               v.   In  the  case  of  any  reclassification  or  change  of
                    outstanding  shares  of  Common  Stock  issuable  upon  the
                    conversion of this Note, or in the case of any consolidation
                    or  merger  of  ALHI with or into another corporation, or in
                    the case of any sale or conveyance to another corporation of
                    all  or substantially all of the property of ALHI, the Payee
                    of  this  Note  shall  have the right thereafter, so long as
                    such  Payee's  conversion  right  hereunder  shall exist, to
                    convert this Note into the same kind and amount of shares of
                    stock and other securities and property receivable upon such
                    reclassification,  change,  consolidation,  merger,  sale or
                    conveyance  by  a  Payee  of  the number of shares of Common
                    Stock of ALHI into which this Note might have been converted
                    immediately  prior  to  such  reclassification,  change,
                    consolidation, merger, sale or conveyance.

               vi.  In  case  securities  or  property  other  than  shares  of
                    Common  Stock  shall  be  issuable  or  deliverable upon the
                    conversion as aforesaid, then all references in this Section
                    shall  be  deemed  to  apply,  so  far as appropriate and as
                    nearly  as may be, to such other securities or property. The
                    subdivision  or combination of shares of Common Stock at any
                    time  outstanding  into a greater or lesser number of shares
                    of  Common  Stock  (whether with or without par value) shall
                    not  be  deemed to be a reclassification of the Common Stock
                    of ALHI for the purposes of this subsection.

     8.     Reservation of Common Stock Issuable Upon Conversion.  ALHI shall at
            ----------------------------------------------------
all  times  reserve and keep available out of its authorized but unissued shares
of Common Stock, such number of its shares of Common Stock as shall from time to
time  be  sufficient  to  effect the conversion of this Note, the sufficiency of
which  shall  be  determined  by  using  the  Conversion  Price.

     9.     Conditionally Non-Recourse to ALHI.  This Note shall be non-recourse
            ----------------------------------
to  ALHI  except  in  the  instances  set  forth  in  the  Credit  Agreement.

     10.     No  Usury;  Costs  and  Expenses;  No  Set-Off.
             ----------------------------------------------

          (c)     No  Usury.  Anything  contained  in  this Note to the contrary
                  ---------
notwithstanding,  Payee  shall not charge, take or receive, and Makers shall not
be obligated to pay to Payee, any amounts constituting interest on the principal
amount  of  this  Note,  from time to time outstanding, in excess of the maximum
rate  permitted by applicable laws, as such laws are now or hereinafter enacted,
amended  or  construed  by  the  courts  having  jurisdiction  thereof, or which
subjects  or  may  subject  Payee  to  the imposition of penalties or forfeiture
("MAXIMUM  RATE").  In  the event that any such payment of interest would exceed
     ----------
the  Maximum  Rate  ("EXCESS"),  or  if  such  Excess would subject Payee to the
                      ------
imposition  of penalties or forfeiture, then Payee shall deduct such Excess from
any  principal  amounts of the Note that remain outstanding if any, and if there
still remains an Excess, then Payee will pay the remaining Excess to Maker, with
appropriate  interest,  and  the  effective  rate of interest on this Note shall
automatically  be  reduced  to  the  Maximum  Rate.

          (d)     Costs and Expenses.  Makers jointly and severally agree to pay
                  ------------------
all  costs  and  expenses  including,  without limitation, reasonable attorneys'
fees,  incurred  or  payable  by  Payee in enforcing each provision of this Note
including,  without limitation, respecting the collection of any and all amounts
payable  under  this  Note.

<PAGE>

          (e)     No  Set-Off.  Makers  acknowledge that its obligations to make
                  -----------
payments  hereunder are absolute and unconditional, and agree that such payments
shall  not  be  subject  to  any defense, set-off or counterclaim of any kind or
nature,  or  any  other  action  similar  to the foregoing. For the avoidance of
doubt,  nothing herein shall preclude a separate proceeding in respect of claims
of  any  Maker  against  the  Payee.

     11.     Miscellaneous.
             -------------

          (f)     Rights and Remedies.  Payee shall have all rights and remedies
                  -------------------
provided  for by any law of any kind (including all forms of legal and equitable
relief)  with  respect  to  any  acceleration  or  any  other  breach or default
hereunder  and  Payee  shall  in  addition  have  any  other rights and remedies
provided for in this Note. All rights and remedies contemplated in the preceding
sentence  shall  be independent and cumulative, and may, to the extent permitted
by  law,  be  exercised  concurrently or separately, and the exercise of any one
right or remedy shall not be deemed to be an election of such right or remedy or
to  preclude  or  waive  the  exercise  of  any  other  right  or  remedy.

          (g)     Amendments;  Pronouns;  No  Waiver; Successors and Assigns. No
                  ----------------------------------------------------------
amendment,  modification,  rescission,  waiver,  forbearance  or  release of any
provision  of  this  Note  shall  be valid or binding unless made in writing and
executed  by a duly authorized representative of Makers and Payee. No consent or
waiver,  express  or  implied,  by  Payee  to  or  of any breach by Maker in the
performance  by  it  of  any  of  its  obligations  hereunder shall be deemed or
construed  to  be a consent to or waiver of the breach in the performance of the
same  or  any other obligation of Makers hereunder. Failure on the part of Payee
to  complain  of  any  act  or  failure to act by Makers or to declare Makers in
breach  irrespective  of how long such failure continues, shall not constitute a
waiver  by  Payee of any of its rights hereunder. All consents and waivers shall
be in writing. All of the terms, covenants and conditions contained in this Note
shall  be  binding upon and inure to the benefit of the parties hereto and their
respective  successors  and assigns, provided that Maker's obligations hereunder
may  be  not be delegated to any other Person without the prior consent of Payee
and  any  such  attempted  delegation  without  such  consent  shall  be  void.

          (h)     Governing  Law; Notices.  This Note, including the performance
                  -----------------------
and enforceability hereof, shall be governed by and construed in accordance with
the  laws of the State of Florida, without regard to the principles of conflicts
of  law.  Any  notice,  demand or other written document in connection with this
Note  shall  be  in  writing  signed  by  the  party  giving  such  notice.

     12.     WAIVER  OF  JURY  TRIAL.  PAYEE  AND  MAKERS  HEREBY  KNOWINGLY,
             -----------------------
VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY
JURY  IN  RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN
CONNECTION  WITH  THIS  NOTE  AND  ANY  OTHER  AGREEMENT, DOCUMENT OR INSTRUMENT
CONTEMPLATED  TO  BE EXECUTED IN CONJUNCTION HEREWITH, OR ANY COURSE OF CONDUCT,
COURSE  OF  DEALING,  STATEMENTS  (WHETHER  VERBAL OR WRITTEN) OR ACTIONS OF ANY
PARTY  HERETO.  THIS  PROVISION IS A MATERIAL INDUCEMENT FOR PAYEE ENTERING INTO
THE  TRANSACTIONS  CONTEMPLATED  BY  THIS  AGREEMENT.

                         *SIGNATURES ON FOLLOWING PAGE*

<PAGE>

IN  WITNESS WHEREOF, the undersigned have executed and delivered this Note as of
the  day  and  year  first  above  written.

Caribbean  Leisure  Marketing  Limited,     CastleChart  Limited,  a  United
an  Antiguan  limited  company              Kingdom  private  limited  company

By:                                         By:
   -----------------------------------         --------------------------------
Name:                                       Name:
     ---------------------------------           ------------------------------
Title                                       Title
     ---------------------------------           ------------------------------

American  Leisure  Holdings,  Inc.,  a
Nevada  corporation

By:
   -----------------------------------
Name:
     ---------------------------------
Its:
    ----------------------------------

<PAGE>

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