Exhibit 10.20

                                    RESTATED
                         NEGOTIABLE CREDIT LINE (DEMAND)
                                 PROMISSORY NOTE



$ 290,000.00                                       As of :       July 9, 2004
                                                                 ------------
                                                            New York, New York

      FOR VALUE RECEIVED, the undersigned, Drinks Americas Inc., a corporation
organized and validly existing pursuant to the laws of the State of Delaware
("Payor"), hereby unconditionally promises to pay to the order of Fredrick
Schulman, as agent ("Payee"), at the office of Payee, at 241 Fifth Avenue, Suite
302, New York, NY 10016, or at such other place as the holder of this Note
("Holder") may from time to time designate in writing, in lawful money of the
United States of America, the principal sum of up to $ 290,000.00 based on sums
actually borrowed hereunder. Payments on account of interest on the outstanding
balance hereunder from time to time at the rate of 10% per annum shall be made
on a quarterly basis. The principal sum(s) due hereunder shall be payable in
whole or in part upon demand by Payee.

      This Note represents a line of credit of a maximum of $290,000 (the
"Maximum") with Payor having the right to draw down up to the Maximum for a
period of up to 180 days from the date hereof.

      If Payee, in its sole discretion so elects, following the occurrence and
during the continuance of an Event of Default (as defined below), interest on
the unpaid principal balance of this Note shall accrue at the highest rate
allowed by law, but in no event greater than 24 % per annum.

      Payor shall have the right to prepay this Note, in whole or in part, at
any time without premium or penalty.

      In the event of the occurrence of Event of Default (as defined below), the
entire principal amount of this Note together with any accrued interest thereon,
shall immediately become due and payable upon five (S) days prior written
notice.

         Each of the following events shall constitute an "Event of Default" as
         used herein:

            (a)   the failure to make payment of this Note upon the demand of
                  Payee;
            (b)   the failure to make any payment of interest of this Note, when
                  due, by acceleration or for any other reason; or
            (c)   the Payor shall (i) admit in writing its inability to pay its
                  debts as they mature; or (ii) make a general assignment for
                  the benefit of creditors; or (iii) be adjudicated a bankrupt
                  or insolvent; or (iv) file a voluntary petition in bankruptcy
                  or insolvency law or statute of the United States of America
                  or any state or subdivision by any court to take charge of its
                  affairs and such appointment is not vacated, stayed or
                  discharged within sixty (60) days thereafter;

         Payee's rights, remedies and powers, as provided in this Note are
cumulative and concurrent and may be pursued singly, successively or together
against Payor, the Collateral and any other security given at any time to secure
the payment hereof, all at the sole discretion of Payee. Additionally, Payee may
resort to every other right or remedy available at law or in equity without
first exhausting the rights and remedies contained herein, all in Payee's sole
discretion. Failure of Payee at any one time, for a period of time or on more
than one occasion to exercise any of its rights or remedies hereunder or at law
or in equity shall not constitute a waiver of the right to exercise the same
right or remedy at any time thereafter. Any and all waivers must be in writing
to be effective.
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      If any suit or action is instituted or attorneys are employed to collect
this Note or any part thereof, Payor hereby promises and agrees to pay all costs
of collection and legal expenses, including reasonable attorney's fees and court
costs.

      Payor hereby waives presentment for payment, protest and demand, and
notice of demand, protest, dishonor and nonpayment of this Note.

      THIS NOTE SHALL BE INTERPRETED AND THE RIGHTS AND LIABILITIES OF THE
PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH THE INTERNAL LAWS AND
DECISIONS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW
PROVISIONS. PAYOR IRREVOCABLY AND UNCONDITIONALLY WAIVES THE RIGHT TO A TRIAL BY
JURY IN ANY ACTION OR PROCEEDINGS BASED UPON, OR RELATED TO, THIS NOTE. THIS
WAIVER IS KNOWINGLY, INTENTIONALLY AND VOLUNTARILY MADE BY PAYOR AND PAYOR
ACKNOWLEDGES THAT NEITHER PAYEE NOR ANY PERSON ACTING ON BEHALF OF PAYEE HAS
MADE ANY REPRESENTATIONS OF FACT TO INDUCE THIS WAIVER OF TRIAL BY JURY OR IN
ANY WAY TO MODIFY OR NULLIFY ITS EFFECT.

      Whenever possible each provision of this Note shall be interpreted in such
manner as to be effective and valid under applicable law, but if any provision
of this Note shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such provisions of this Note.
Whenever in this Note reference is made to Payee or Payor, such reference shall
be deemed to include, as applicable, a reference to their respective successors,
assigns, heirs and estates, to which the provisions of this Note shall be
binding upon and shall inure to benefit of.

      This Note may not be changed orally, but only by an agreement in writing
signed by the party against whom enforcement of any waiver, change, modification
or discharge is sought.

      IN WITNESS WHEREOF, Payor has executed this Note as of the day and year
first written above.

                                              Drinks Americas, Inc.


                                              By:
                                                 -------------------------------
                                                 Patrick Kenny, Pres.