Document:

Exhibit 10.43

PREPARED  BY/RETURN  TO:
Alan  I.  Armour  II,  Esquire
Nason,  Yeager,  Gerson,  White  &  Lioce,  P.A.
1645  Palm  Beach  Lakes  Boulevard
Suite  1200
West  Palm  Beach,  Florida    33401

                    NOTE AND MORTGAGE MODIFICATION AGREEMENT
                    ----------------------------------------

     THIS AGREEMENT, made this 12 day of May, 2005, by and between SUNSTONE GOLF
RESORT, INC., a Florida corporation, n/k/a TIERRA DEL SOL RESORT INC., a Florida
corporation,  the  "Mortgagor",  and RASTER INVESTMENTS,  INC., a Cayman Islands
                    ---------
Corporation,  its  successors  and/or  assigns,  the  "Mortgagee";
                                                       ---------

                              W I T N E S S E T H:
                              - - - - - - - - - -

     WHEREAS,  Mortgagee  is  the owner and holder of that certain mortgage (the
"Mortgage") made by the Mortgagor to Mortgagee and recorded on February 8, 2000,
  -------
in  Official  Records Book 4399, Page 753, in the Public Records of Polk County,
Florida,  which  Mortgage  secures  a  debt evidenced by a promissory note dated
January 31, 2000, in the original amount of $985,000 and encumbers property more
particularly  described  in  attached  Exhibit  "A";  and
                                       ------------

     WHEREAS, Mortgagor has requested Mortgagee to modify the Note and Mortgage;

     NOW,  THEREFORE, in consideration of the premises hereof and other good and
valuable  consideration,  the  receipt  and  sufficiency  of  which  are  hereby
acknowledged,  Mortgagor  and  Mortgagee  agree  as  follows:

     1.     The  foregoing  recitals  are  true.

     2.     The  terms  of the Note and Mortgage are modified such that the Note
shall  have  a  maturity  date  of  June  1,  2006.

     3.     The  Mortgagee  acknowledges  that the Mortgage and Note are in full
force  and  effect  and  that  no  defaults  exist  thereunder.

     4.     This  Agreement shall be binding upon and shall inure to the benefit
of  the  heirs, executors, administrators and assigns, or successors and assigns
of  the  respective  parties  hereto.

<PAGE>

     5.     This Agreement shall not create a novation or any merger nor impair,
diminish,  prejudice  or otherwise adversely affect the rights and priorities of
Mortgagee,  its  successors  and  assigns.

     IN WITNESS WHEREOF, Mortgagor and Mortgagee have executed this Agreement on
the  date  first  above  written.

WITNESSES:                                   MORTGAGOR:  SUNSTONE GOLF  RESORT,
                                             INC., n/k/a TIERRA DEL SOL RESORT
                                             INC., a Florida corporation

/s/ Carol Overstreet                         By:  /s/  Malcolm  J.  Wright
 ---------------------                          --------------------------
(Print  Name: Carol  Overstreet)             Print  Name:  Malcolm  J.  Wright
              -----------------              Its: President
                                                  -------------------

/s/  Sharon  G.  Clement
 ------------------------
(Print  Name: Sharon  G.  Clement)
              -------------------

                                             MORTGAGEE: RASTER INVESTMENTS, INC.

                                             By: /s/ Edward  A.  Teraskiewicz
-------------------------                       -----------------------------
(Print  Name: Ann  Bishop)                       Edward  A.  Teraskiewicz
              -----------                        Its:  Director

/s/ Malcolm J. Wright
---------------------------------
(Print  Name: Malcolm  J.  Wright)               (CORPORATE SEAL)
              -------------------

STATE  OF  FLORIDA          )
                            )  SS:
COUNTY  OF ORANGE           )

     The  foregoing  Note  and  Mortgage Modification Agreement was acknowledged
before  me  this  12  day  of  May,  2005,  by  Malcolm J. Wright, the
                                                                       ---------
President  of  Sunstone  Golf  Resort, Inc., n/k/a Tierra Del Sol Resort Inc., a
Florida  corporation,  on behalf of the corporation, (X) who is personally known
to  me  OR  (    )  who  produced
                                   -----------------------------
                         as  identification.
------------------------

                                   /s/  Sharon  G.  Clement
                                    ------------------------
                                   Notary  Signature
                                   Sharon  G.  Clement
                                   -------------------
                                   Print  Notary  Name
                                   NOTARY  PUBLIC
                                   State  of  Florida  at  Large

                                   My  Commission  Expires:  August  2,  2008

<PAGE>

STATE  OF  NEW  JERSEY          )
                                )  SS:
COUNTY  OF  BERGEN              )

     The  foregoing  Note  and  Mortgage Modification Agreement was acknowledged
before  me  this  13  day  of  May, 2005, by Edward A. Teraskiewicz, Director of
RASTER  INVESTMENTS,  INC.,  a Cayman Islands Corporation, (X) who is personally
known  to  me  OR  (    ) who produced                                        as
                                       --------------------------------------
identification.

                                   /s/  Jennifer  Long
                                    -------------------
                                   Notary  Signature

                                   Jennifer  Long
                                   ---------------
                                   Print  Notary  Name

                                   NOTARY  PUBLIC
                                   State  of  New  Jersey  at  Large

                                   My  Commission  Expires:  November  3,  2005

<PAGE>EXHIBIT 10.44

                   FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT
                   -------------------------------------------

     This  First  Amendment to Asset Purchase Agreement (this "Amendment") dated
as  of  March  31,  2005  by  and among American Leisure Equities Corporation, a
Florida  corporation (the "Purchaser"); American Leisure Holdings Inc., a Nevada
corporation  (the  "Parent");  and  Around  The  World  Travel,  Inc., a Florida
corporation  (the  "Seller").

                                    RECITALS

     A.   The  Purchaser, the Parent and the Seller have previously entered into
          a  certain Asset Purchase Agreement dated as of December 30, 2004 (the
          "Original Agreement"), pursuant to which the Seller agreed to sell and
          the  Purchaser agreed to purchase certain of the assets of the Seller.

     B.   The  Purchase  of  the  assets  was  consummated on December 31, 2004.

     C.   A  component  of  the  Original  Agreement  recited  that the ultimate
          purchase  price  and  the  consideration  therefor would be determined
          after  completion  and  delivery of the Final Audit Reports for Seller
          for  2003  and  2004  as well as the completion and receipt of a third
          party  valuation  report.

     D.   As  of  the  date  hereof  the  parties  have  not received all of the
          requisite  information  to  conclude  the  purchase  price  or  the
          consideration  to  be  paid.

     E.   Pending  the receipt of all of the final information, the parties have
          agreed,  in  the  interim, to make certain changes as set forth herein
          below.

     NOW  THEREFORE,  in consideration of the mutual covenants, representations,
warranties  and  agreements  contained  in  this  Amendment,  and other good and
valuable  consideration,  the  receipt  and  adequacy  of  which  is  hereby
acknowledged,  the  parties  hereby  agrees  as  follows:

     1.   RECITALS:  The  Recitals  hereinabove  are  incorporated  by  this
         ---------
reference.

     2.   DEFINED  TERMS.  Capitalized  terms  used  in  this  Amendment, unless
          --------------
otherwise  defined  in this Amendment, have the meanings ascribed to them in the
Original  Agreement.

     3.   AMENDMENT  AND  RESTATEMENT  OF SECTION 2.3 OF THE ORIGINAL AGREEMENT.
          ---------------------------------------------------------------------
The  provisions  of Section 2.3 of the Original Agreement are hereby amended and
restated  in  their  entirety  as  follows:

     2.3  Limited  Assumption  of  Liabilities.
          ------------------------------------

               (i)  Purchaser will not assume any liabilities and obligations of
the  Seller  or  any of its Affiliates other than $4,242,051 in debt owed to the
Minority  Shareholders by virtue of entering into 85 month amortizations of debt
issued  by  Purchaser  to parties who had accepted notes from Seller when Seller
bought  their  businesses  (the  "Minority  Shareholder  Debt").

               (ii) The  parties  hereby  acknowledge  and  agree  that: (i) the
Purchaser  is  not assuming any portion of the Galileo Debt or the Hassine Debt;
and  (ii) the Seller will continue to be liable for all amounts due with respect
to  the  Galileo Debt or the Hassine Debt, notwithstanding the Seller's transfer
of the collateral for such debt to Purchaser and Purchaser's agreement to accept
such assets subject to the Liens securing the Galileo Debt and the Hassine Debt.

<PAGE>

     4.     AMENDMENT  AND RESTATEMENT OF SECTION 3.3 OF THE ORIGINAL AGREEMENT.
            -------------------------------------------------------------------
The provisions of Section 3.3 of the Original Agreement are amended and restated
in  their  entirety  as  follows:

     3.3     Payment  of Purchase Price.  The Purchase Price will be paid by the
             --------------------------
Purchaser  as  follows:

               (a)  through  the  forgiveness  by the Purchaser of the AMLH Debt
(which  had  a  balance of $4,774,619 as of the Closing Date) and the release by
the  Purchaser  of  the  Seller's  obligations  with  respect  to said debt; and

               (b)  through  the  assumption  by  the  Purchaser of the Minority
Shareholder  Debt (which had a balance of $4,242,051 as of the Closing Date) and
the  release  by the Parent of the obligations of the Seller with respect to the
Minority  Shareholder  Debt; said assumption shall commence on January 15, 2006;
And

               (c)  through the issuance of the promissory note of the Purchaser
for  the balance of the Purchase Price (the "Purchase Money Note"); the Purchase
Money  Note  shall  provide  for the accrual of interest at 6% per annum and the
deferral  of  all payments of principal and interest, with all balances due in a
balloon  payment 60 months from inception. The Purchase Money Note shall contain
a  provision whereby the Maker of said note shall be entitled to set off against
its liability in the note for any amounts owed to Purchaser or Parent such as by
the retention of the assigned Accounts Receivable by AWT as same are paid by the
obligors  thereof.

     5.   ALLOCATION  OF  PURCHASE  PRICE.  The Purchase Price will be allocated
          -------------------------------
among  the  Purchased  Assets  as  set forth on Schedule 3.4, a copy of which is
                                                ------------
attached  to  this  Amendment.

     6.   MISCELLANEOUS.
          --------------

          6.1  Headings. The division of this Amendment into Articles, Sections,
               --------
Subsections  and  other  subdivisions  and  the  insertion  of  headings are for
convenience  of  reference  only  and  will  not  affect  or  be utilized in the
construction  or  interpretation  of  this  Amendment.

          6.2  Governing  Law.  This Amendment will be interpreted and construed
               --------------
in  accordance  with the Laws of the State of Florida and the laws of the United
States  of  America  applicable therein. Any action, suit or proceeding relating
to,  arising  out of, or in connection with this Amendment may be brought by any
party  against  any other party in an appropriate Federal or state court located
in  Miami-Dade  County,  Florida.  All  parties  hereby  waive  any objection to
jurisdiction  or  venue  in  any  such  proceeding  before  said  court.

          6.3  Further  Assurances.  Each of the parties upon the request of any
               -------------------
other  party, whether before or after the Closing, will do, execute, acknowledge
and  deliver  or  cause to be done, executed, acknowledged or delivered all such
further  acts,  deeds,  documents, assignments, transfers conveyances, powers of
attorney  and  assurances  as may be reasonably necessary or desirable to effect
complete  consummation  of  the  transactions  contemplated  by  this Amendment.

<PAGE>

          6.4  Successors  in Interest. This Amendment and the provisions hereof
               -----------------------
will  inure  to  the  benefit  of  and  be  binding  upon  the parties and their
respective  successors and permitted assigns. No party may assign this Amendment
or  any of its rights and obligations hereunder without the prior consent of all
of  the  other  parties.

          6.5  No  Third Party Beneficiaries. Except as provided in Article 9 of
               -----------------------------
the  Original  Agreement, nothing in this Amendment or the Original Agreement is
intended  or  shall  be construed to give any Person (including employees of the
parties), other than the parties hereto, any legal or equitable right, remedy or
claim  under  or in respect of this Amendment or any provision contained herein.

          6.6  Expenses.  Each  party  will bear and pay all costs, expenses and
               --------
fees  (including,  without  limitation,  legal  counsel  and accounting fees and
disbursements)  incurred  by  such  party  in  connection  with the preparation,
execution  and  consummation of this Amendment and the transactions contemplated
hereunder.

          6.7  Counterparts.  This  Amendment  may  be  executed  in one or more
               ------------
counterparts,  each  of  which  when so executed will be deemed an original, and
such  counterparts  together  will  constitute  one  and  the  same  instrument.

          6.8  Ratification.  Except  as amended by the terms of this Amendment,
               ------------
all  of  the  terms of the Original Agreement are hereby ratified, confirmed and
approved.

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first  above  written.

                                        PURCHASER:
                                        ----------

                                        AMERICAN  LEISURE  EQUITIES  CORPORATION
                                        By:
                                           -------------------------------------
                                        Its:
                                             -----------------------------------
                                        Name:
                                              ----------------------------------

                                        PARENT:
                                        -------

                                        AMERICAN  LEISURE  HOLDINGS,  INC.
                                        By:
                                           -------------------------------------
                                        Its:
                                             -----------------------------------
                                        Name:
                                              ----------------------------------

<PAGE>

                                        SELLER:
                                        -------

                                        AROUND  THE  WORLD  TRAVEL,  INC.
                                        By: /s/ James R. Tolzien
                                           -------------------------------------
                                        Its: President
                                             -----------------------------------
                                        Name: James R. Tolzien
                                              ----------------------------------

                                        AROUND  THE  WORLD  HOLDINGS,  LLC
                                        Concurring  with  this  Amendment
                                        By:
                                           -------------------------------------
                                        Its:
                                             -----------------------------------
                                        Name:
                                              ----------------------------------

<PAGE>

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