0000935066-04-000007 Sample Contracts

Warrant No.: 005
Shells Seafood Restaurants Inc • June 25th, 2004 • Retail-eating places • Delaware
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Note No. A-4
Shells Seafood Restaurants Inc • June 25th, 2004 • Retail-eating places • Florida

THIS NOTE IS BEING ISSUED IN REPLACEMENT OF THAT CERTAIN NOTE DATED JANUARY 31, 2002, IN THE ORIGINAL PRINCIPAL AMOUNT OF $1,000,000 THAT WAS ISSUED TO SHELLS INVESTMENT PARTNERS, LLC AND THAT HAS BEEN ASSIGNED TO GCM SHELLS SEAFOOD PARTNERS, LLC IN THE AMOUNT OF $400,000 AND TRINAD CAPITAL, LP IN THE AMOUNT OF $600,000.

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