EXHIBIT 4.3 January 19, 1999 Rick Smyth Lahaina Acquisitions, Inc. 2900 Atlantic Avenue Fernandina Beach, FL 32034 Dear Rick: This letter agreement will confirm the amendments in the 9% Convertible Note as follows:

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                                   EXHIBIT 4.3


January 19, 1999


Xxxx Xxxxx
Lahaina Acquisitions, Inc.
0000 Xxxxxxxx Xxxxxx
Xxxxxxxxxx Xxxxx, XX 00000

Dear Xxxx:

This letter agreement will confirm the amendments in the 9% Convertible Note as
follows:

         2.       Amend the conversion price on the second $375,000 from 85% of
                  the 5 day Weighted Average Sale Price to a conversion price of
                  $875.

These amendments do not change any other terms of the agreement, rights of GCA
Strategic Investment Funds, Ltd., or obligations of Lahaina Acquisitions, Inc.,
under the agreement.



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GCA Strategic Investment Fund, Ltd.



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Xxxx Xxxxx
Lahaina Acquisitions, Inc.




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