Business Loan Agreement

Exhibit 10.109

HIBERIA
Member FDIC

March 27, 2006

Sam Goldfinger
The Smith & Wollensky Restaurant Group, Inc.
1114 1 st  Avenue
New York, NY 10021

Re:        S&W New Orleans, LLC

Dear Mr. Goldfinger:

As a condition of the approval of the $2,000,000.00 loan made to S&W New Orleans, LLC on May 26, 2004, a Business Loan Agreement was executed of even date containing numerous Events of Default. One such even is as follows:

DEBT SERVICE COVERAGE COVENANT. Borrower covenants and agrees with Lender that as long as this Note is in effect, Borrower shall maintain, at all times, a Debt Service Coverage of no less than 1.10X, where “Debt Service Coverage” is the result of the following formula: Cash Flow divided by Debt Service, where Cash Flow means the net income (loss) of Borrower for a period, plus any interest expense, plus any tax expense, plus any depreciation or amortization expense, recorded in that same period. Debt Service means, for a period, the sum of all scheduled principal and interest pa