July 7, 2006
Exhibit
10.4
July
7,
2006
Mr.
Xxxxxx Xxxxxx
Shells
Seafood Restaurants, Inc.
00000
X.
Xxxx Xxxxx Xxxxxxx
Suite
100
Tampa,
FL
33618
|
Re:
|
Colonial Bank, N.A. (the “Bank”) |
| Loan to Shells Seafood Restaurants, Inc. (“Shells”) |
Dear
Xx.
Xxxxxx:
This
letter will confirm that effective as of June 28, 2006, the Bank has agreed
to
extend the maturity date of Loan Number 8035494726 (the “Loan”) and the
repayment of the Promissory Note in the principal amount of $500,000 (the
“Note”) issued thereunder from June 28, 2006 to September 28, 2006. The Bank
acknowledges and agrees that no Event of Default has occurred under the Loan
or
the Note from the date it was entered into through the date of hereof. Except
as
set forth above, all of the terms and conditions of the Loan and the Note remain
in full force and effect.
Please
call me at (000) 000-0000 with any questions.
| Sincerely, | |
| COLONIAL BANK, N.A. | |
| By: /s/ Xxxxx Xxxxxx | |
|
Name:
X. Xxxxx Xxxxxx
|
|
|
Title:
Sr. Vice
President
|
