PROMISSORY NOTE

Exhibit 10.2

PROMISSORY NOTE

FOR VALUE RECEIVED, the undersigned, CHARLES G. WESTLUND, JR., (hereinafter Maker) hereby promises to pay to the order of TENNESSEE RESTAURANT CONCEPTS, INC., a Tennessee corporation, (hereinafter “Lender”), or the subsequent holder hereof, the principal sum of ONE HUNDRED THOUSAND AND 00/100 ($100,000.00) DOLLARS, with interest from date until paid at the rate per annum hereinafter stipulated, principal and interest to be due and payable as follows:

a. The principal of this Note shall bear interest from date hereof at the rate of seven (7.00%) percent per annum, and shall be amortized on the basis of a thirty (30) year term.

b. Said principal and interest shall be payable in equal payments in the amount of $665.30 commencing on the 5th day of February, 2005 and on the 5th day of each and every month thereafter until the 5th day of January, 2010, at which time the entire principal balance and all accrued but unpaid interest shall be paid.

c. All installments of principal and interest of this Note, if not paid within ten (10) days after the due date, shall include a late payment charge equal to five (5%) percent of the amount of the delinquent installment. It is agreed the late payment charge is reasonable compensation as liquidated damages to compensate the holder of this Note for the damages for the loss of use of money, the frustration of the holder’s meeting its financial obligations, and expenses associated with such late payment, all of which are difficult to ascertain; provided, however, that neither the right of the holder to receive such late charge nor the claiming or receiving of such late charge shall in any way delay or prevent the holder’s exercising its rights or remedies for Maker’s default.

The Maker may prepay the principal of this Note, in whole or in part, without the written consent of Lender.

The indebtedness evidenced by this Note is secured by Deed of Trust on property known as 3918 Winchester, Memphis, Tennessee 38118.

If all or any part of the property secured by the Deed of Trust is sold or transferred without Lender’s prior written consent, Lender may, at its option, require immediate payment in full of all sums secured thereby.

Upon failure to pay any installment of principal and/or interest of this Note within ten (10) days after the due date or upon default in any other provision of this Note, the Deed of Trust or any other documents securing this Note, or default in the payment or performance of any obligations due under that certain Wraparound Promissory Note secured by Wraparound Deed of Trust of even date herewith executed by Tennessee Entertainment Concepts, Inc. in favor of VCG Real Estate Holdings, Inc. evidencing and securing an indebtedness of $1,100,000.00, which is not cured within the time, if any, provided in said documents, or upon the occurrence of any event which entitles the holder of this Note to declare the entire principal indebtedness evidenced by

this Note and accrued interest thereon due and payable, then all unpaid principal and accrued interest thereon sha