Document:

DEMAND
      PROMISSORY NOTE

     

    
      	
              $9,000.00

            	
              October
                30, 2007

            

    

     

    FOR
      VALUE
      RECEIVED, Parks One, Inc., a corporation organized and existing under the laws
      of State of Nevada, with offices at 5920 Alexa Road, Charlotte, NC  28277
      (the “Company”), promises to pay to the order of JSL Investments, LLC, an
      limited liability company having an address at 5920 Alexa Road, Charlotte,
      NC  28277 (the "Holder"), the principal amount of NINE THOUSAND Dollars
      ($9,000.00), together with interest incurred thereon at the rate of eight
      percent (8%) per annum.  The entire unpaid principal and accrued interest
      thereon shall be immediately due and payable on demand by the Holder.
 Interest payable hereunder shall be calculated for actual days elapsed on
      the basis of a 360-day year.  Any payments of amounts due hereunder shall
      be in such currency of the United States at the time of payment as shall be
      legal tender for the payment of public or private debts. 

     

    This
      Note shall be paid without deduction by reason of any set-off, defense or
      counterclaim of the Company.  This Note may be repaid in whole or in part
      by the Company without penalty or premium at any time and from time to time.
       All payments received by the Holder hereunder will be applied first to
      costs of collection and fees, if any, then to interest, and the balance to
      principal.  

     

    All
      payments shall be made at the address for the Holder set forth above, or at
      such
      other place as the Holder hereof may from time to time designate in writing.
      

     

    The
      undersigned waives presentment for payment, demand, protest and notice of
      protest and of non‐payment.

     

               
Any and all notices, requests,
      consents and demands required or permitted to be
      given hereunder shall be in writing, delivered to the addresses stated above.
       Either party may change by notice the address to which notices to it are
      to be addressed.

     

    Notwithstanding
      any other provision of this Note, interest under this Note shall not exceed
      the
      maximum rate permitted by law; and if any amount is paid under this Note as
      interest in excess of such maximum rate, then the amount so paid will not
      constitute interest but will constitute a prepayment on account of the principal
      amount of this Note.

     

    The
      Company agrees to pay on demand all expenses of collecting and enforcing this
      Note and any guarantee or collateral securing this Note, including, without
      limitation, expenses and fees of legal counsel, court costs and the cost of
      appellate proceedings.

     

    The
      failure or delay by the Holder in exercising any of its rights hereunder in
      any
      instance shall not constitute a waiver thereof in that or any other instance.
      The Holder may not waive any of its rights except by an instrument in writing
      signed by the Holder.

     

    This
      Note shall be construed and enforced in accordance with, and the rights of
      the
      parties shall be governed by, the laws of the State of Nevada, without giving
      effect to the conflict of law provisions thereof.

     

    This
      Note may not be assigned, transferred or otherwise negotiated by the Holder
      without the prior written consent of the Company. 

     

    This
      Note may not be amended without the written approval of the holder.

     

    IN
      WITNESS WHEREOF, the Company has caused this Note to be signed on the date
      first
      set forth above.

     

    
      	 	 	 
	 	
              PARKS
                ONE, INC.

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Print Name: John S. Lewis

              Title:
                PresidentFor
      more
      information call:

    Warren
      Nelson 

    (813)
      961-0944

    

    SHELLS
      SEAFOOD RESTAURANTS, INC. AND FOOD AND ENTERTAINMENT CO., LTD.
      SIGN

    AGREEMENT
      FOR 10 RESTAURANTS IN MIDDLE EAST

    

    TAMPA,
      FL, December 10, 2007 - Shells Seafood Restaurants, Inc. (OTC Bulletin Board:
      SHLL) announced that it has signed a major international agreement that will
      bring 10 new Shells restaurants to several countries in the Middle East, over
      the next decade.

    

    Saudi
      Arabia-based Food and Entertainment Co., Ltd., which operates numerous
      restaurants throughout the region, has purchased the rights to the Shells brand
      within a 10-nation territory, and has agreed to open a minimum of 10 Shells
      restaurants over the next 10 years. Food and Entertainment has purchased
      exclusive rights to the Shells concept within Saudi Arabia, Egypt, Jordan,
      Qatar, Oman, Bahrain, United Arab Emirates, Kuwait, Pakistan and India, with
      an
      option for future rights to Tunisia and Morocco. 

     

    Under
      the
      terms of this agreement, Food and Entertainment Co. purchased for $1,750,000
      over a nine-month period, Shells service marks and proprietary systems for
      expansion within the territory. Under a separate services agreement, Shells
      will
      provide, among other things, training, operations, menu development and
      marketing support to Food and Entertainment for the 10-year period.

    

    “We
      are
      pleased to begin our brand’s first international expansion with a highly
      qualified restaurant operator in Food and Entertainment Co.” stated Leslie
      Christon, President and CEO of Shells. “We look forward to their future
      successes in growing the Shells Seafood brand. We welcome the opportunity to
      expand the quality and value that Shells brings to other markets.”

    

    About
      Shells

    

    Shells
      Seafood Restaurants, Inc. manages and operates 23 full-service, neighborhood
      seafood restaurants in Florida under the name “Shells”. Shells restaurants
      feature a wide selection of seafood items, including shrimp, oysters, clams,
      mussels, scallops, lobster, crab and daily fresh fish specials, cooked to order
      in a variety of ways: steamed, sautéed, grilled, blackened and fried. Shells
      restaurants also offer a wide selection of signature pasta dishes, steaks and
      chicken, appetizers, salads, desserts and full bar service.

    

    
      
         

      

      
        Page
          1 of
          2

        
          

        

      

      
         

      

       

    

    About
      Food and Entertainment Co., Ltd.

    

    Food
      and
      Entertainment Co., Ltd. operates multiple foodservice brands throughout the
      Middle East. Food and Entertainment’s parent, the Al Hokair Group, is one of the
      region’s leading real estate, retail and mall developers.

    

    Forward-Looking
      Statements

    

    In
      addition to seasonal fluctuations, the Company’s quarterly and annual operating
      results are affected by a wide variety of other factors that could materially
      and adversely affect revenues and profitability, including changes in consumer
      preferences, tastes and eating habits; increases in food, labor and other
      operating costs; the availability of food acceptable to our quality standards
      at
      acceptable prices; the availability of qualified labor; national, regional
      and
      local economic and weather conditions; international economic, cultural and
      political conditions; promotional timings and seasonality; demographic trends
      and traffic patterns; changes in travel and tourism tendencies, particularly
      in
      light of world events; competition from other restaurants and food service
      establishments; availability of third party financing to fund capital or
      operating activities, if required; and the timing, costs and charges relating
      to
      restaurant openings, closings and remodelings. As a result of these and other
      factors, the Company may experience material fluctuations in future operating
      results on a quarterly or annual basis, which could materially and adversely
      affect its business, financial condition and stock price. Furthermore, this
      press release and other documents filed by the Company with the Securities
      and
      Exchange Commission (“SEC”) contain certain forward-looking statements with
      respect to the business of the Company and the industry in which it operates.
      These forward-looking statements are subject to certain risks and uncertainties,
      including those mentioned above, which may cause results to differ significantly
      from these forward-looking statements. The Company undertakes no obligation
      to
      update these forward looking statements on a regular basis. An investment in
      the
      Company involves various risks, including those mentioned above and those that
      are detailed from time-to-time in the Company’s SEC filings. 

    

    
      
         

      

      
        Page
          2 of
          2SECOND
      AMENDMENT TO SHELLS SEAFOOD RESTAURANTS, INC.

    RESTAURANT
      SYSTEM PURCHASE AGREEMENT

    

    This
      Second Amendment to Shells Seafood Restaurants, Inc. Restaurant System Purchase
      Agreement (“Second Amendment”) is made effective as of December 10, 2007, by and
      between Shells Seafood Restaurants, Inc., a Delaware corporation (“Shells”), and
Food
      And
      Entertainment Co., Ltd.,
      a
      limited liability company with commercial register No. 2051024638 issued from
      Khobar Commercial Registration Office on 24/08/1421H (“F&E”). 

    

    RECITALS:
      

    

    WHEREAS,
      F&E has recently executed and delivered to Shells that certain (i)
      Restaurant System Purchase agreement, dated September 27, 2007, between F&E
      and Shells (the “Original Agreement;”) and (ii) Amendment to Shells Seafood
      Restaurants, Inc. Restaurant System Purchase Agreement (the “First Amendment”);
      and 

    

    WHEREAS,
      prior to the date hereof, neither the Original Agreement nor First Amendment
      have been executed by Shells, and thus have not been effective prior to the
      date
      hereof; and 

    

    WHEREAS,
      the Original Agreement contemplated that Shells would receive a confirmed letter
      of credit by October 5, 2007; and 

    

    WHEREAS,
      such letter of credit was first received and confirmed on December 4, 2007;
      and

    

    WHEREAS,
      in accordance with the terms of the Original Agreement, such receipt and
      confirmation of the letter of credit by Shells was a condition to the execution
      and delivery of the Original Agreement by Shells; and 

    

    WHEREAS,
      the Original Agreement, First Amendment, and this Second Amendment
      (collectively, the “Agreement”) are being signed by Shells on December 10, 2007,
      which date F&E and Shells acknowledge is the effective date of each of the
      Original Agreement and both such amendments; and

    

    WHEREAS,
      in addition, F&E and Shells desire to modify the terms and conditions of the
      Agreement as further provided herein.

    

    NOW,
      THEREFORE, in consideration of the mutual covenants contained in the Agreement
      and herein, and for other good and valuable consideration, Shells and F&E
      hereby agree as follows:

    

    1.
       Summary
      Pages.
      The
      summary of the Effective Date in the Summary Pages to the Agreement is deleted
      in its entirety and replaced with the following:

    

    “2. Effective
      Date:
      December 10, 2007.” 

    

    2.
       Summary
      Pages.
      The
      summary of the Purchase Price in the Summary Pages to the Agreement is deleted
      in its entirety and replaced with the following:

    

    “4. Purchase
      Price:
      U.S.
      $1,750,000, payable (a) U.S. $700,000 on or before the execution of this
      Agreement (subject to application of a U.S. $80,000 deposit credit); (b) U.S.
      $350,000 within 90 days of October 5, 2007; (c) U.S. $350,000 within 180 days
      of
      October 5, 2007; and (d) U.S. $350,000 within 270 days of October 5,
      2007.”

    

    
      
         

      

      
        1
          

        
          

        

      

      
         

      

       

    

    3. Sections
      4.6 and 4.7 (Monthly Technical Consulting and Support Services Fee and Letter
      Of
      Credit).
      Sections 4.6 and 4.7 of the Agreement are supplemented to reflect that Shells
      received the Letter of Credit on or about December 4, 2007 and shall consider
      the Letter of Credit timely provided for purposes of this Agreement.

    

    4.
       Construction.
      Any
      capitalized terms used but not defined in this Second Amendment shall have
      the
      meanings assigned in the Original Agreement or First Amendment, as applicable.
      To the extent of any contradiction or inconsistency between the Original
      Agreement or First Amendment and this Second Amendment, the provisions of this
      Second Amendment will control.

    

    [COMPLETED
      AND EXECUTED ON THE FOLLOWING PAGE]

    

    
      
         

      

      
        2
          

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF,
      the
      undersigned have entered into this Second Amendment to Restaurant System
      Purchase Agreement as of the Effective Date.

    

    
      	 	
              Shells:

            
	 	 
	
              ATTEST:

            	
              SHELLS
                SEAFOOD RESTAURANTS, INC.

            
	 	 
	
              Witness
                # 1

            	 
	
              
                By:
                  ________________________________

              

            	
              By:
                ________________________________

            
	
              
                Name:
                  ______________________________

              

            	
              Name:
                ______________________________

            
	 	
              Title:
                _______________________________

            
	 	 
	
              Witness
                # 2

            	 
	
              
                By:
                  ________________________________

              

            	 
	
              
                Name:
                  ______________________________

              

            	 
	 	 
	 	
              F&E:

            
	 	 
	
              ATTEST:

            	
              FOOD
                AND ENTERTAINMENT CO., LTD.

            
	
            	
              a
                limited liability company with commercial register No. 2051024638
                issued
                from Khobar Commercial Registration Office on
                24/08/1421H

            
	 	 
	
              Witness
                # 1

            	 
	
              
                By:
                  ________________________________

              

            	
              
                By:
                  ________________________________

              

            
	
              
                Name:
                  ______________________________

              

            	
              
                Name:
                  ______________________________

              

            
	 	
              
                Title:
                  _______________________________

              

            
	 	 
	
              Witness
                # 2

            	 
	
              
                By:
                  ________________________________

              

            	 
	
              
                Name:
                  ______________________________

              

            	 

    

    

    
      
         

      

      
        3

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