LETTERHEAD) JULY 7, 1997 VIA CERTIFIED RETURN RECEIPT MAIL Mr. Joel Eidelstein Ocean Reef Management, Inc. One Turnberry Place 19495 Biscayne Boulevard Aventura, Florida 33180 RE: CONSULTING AGREEMENT BETWEEN EZCONY INTERAMERICA INC. ("EZCONY") AND...

                                                                    EXHIBIT 10.4

            
                                  (LETTERHEAD)
                                  JULY 7, 1997
VIA CERTIFIED
RETURN RECEIPT MAIL

Xx. Xxxx Xxxxxxxxxx
Ocean Reef Management, Inc.
One Turnberry Place
00000 Xxxxxxxx Xxxxxxxxx
Xxxxxxxx, Xxxxxxx 00000

     RE: CONSULTING AGREEMENT BETWEEN EZCONY INTERAMERICA INC. ("EZCONY") AND
         OCEAN REEF MANAGEMENT, INC. DATED APRIL 25, 1997 (THE "AGREEMENT")

Dear Xx. Xxxxxxxxxx:

     We have been requested by our client, Ezcony, to send you notice of
cancellation of the Agreement pursuant to Section 6 thereof. As provided in
Section 6 this cancellation is effective two days after the date of mailing.

                                         Sincerely,

                                         XXXXXX & XXXXX, P.A.

                                         By: /s/ XXXXXXX X. XXXXXXX
                                         ------------------------------
                                                 Xxxxxxx X. Xxxxxxx 
RMS:abg

cc:Xxxx Xxxxx, President