Document:

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                                                                    EXHIBIT 10.8

                            REVOLVING LOAN AGREEMENT

      THIS REVOLVING LOAN AGREEMENT ("Agreement") is made this 20th day of
August, 2004, by and between JFC Enterprises, LLC, a Delaware limited liability
company ("Borrower") and O'CHARLEY'S INC., a Tennessee corporation ("Lender").

                              W I T N E S S E T H:

      WHEREAS, Borrower has been formed for the purpose of owning and operating
O'Charley's restaurants in accordance with the terms of the Limited Liability
Company Agreement dated August 20, 2004 (the "LLC Agreement");

      WHEREAS, the Borrower has obtained (or may obtain in the future) a
franchise from the Lender for the purpose set forth above; and

      WHEREAS, pursuant to the LLC Agreement, Lender has agreed to make
available to Borrower a revolving line of credit, in the maximum principal
amount of SEVEN HUNDRED FIFTY THOUSAND AND NO/100THS DOLLARS ($750,000) (the
"Loan") on the terms hereinafter set forth;

      NOW, THEREFORE, for and in consideration of the foregoing and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Borrower and Lender hereby agree as follows:

      1.    The Loan.

            (a)   Note. The Loan shall be evidenced by a Master Secured Demand
      Promissory Note of even date herewith in the maximum principal amount of
      $750,000, made and executed by Borrower and payable to Lender, in form and
      substance satisfactory to Lender (said Master Secured Demand Promissory
      Note, as well as any and all modifications, extensions and renewals
      thereof are hereinafter collectively referred to as the "Note").

            (b)   Purpose. The purpose of the Loan shall be to provide working
      capital to Borrower on a revolving basis in accordance with the terms of
      the LLC Agreement for the establishment and operation of the O'Charley's
      restaurants in accordance with the Pre-Opening Budget (as defined in the
      LLC Agreement) and the Operating Budget (as defined in the LLC Agreement).
      The proceeds of the Loan shall not be used for any other purpose.

            (c)   Security; Guarantor. The Loan shall be secured by (i) a
      Security Agreement of even date herewith granting Lender a lien in certain
      collateral described therein (the "Security Agreement"),(ii) one or
      mortgages, deeds to secure debt or deeds of trust from Borrower for the
      use and benefit of Lender covering real property of the Borrower
      (individually and collectively, the "Security Instrument"), and (iii) a
      Guaranty

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      Agreement of even date herewith (the "Guaranty") executed by Kurt Strang
      (the "Guarantor"; this Agreement, the Note, the Security Agreement, the
      Guaranty, the Security Instrument and any other documents now or hereafter
      executed in connection with the Loan, as the same may be amended or
      modified from time to time, are hereinafter collectively referred to as
      the "Loan Documents").

            (d)   Advances. So long as no Event of Default exists hereunder, nor
      any event with which with the giving of notice, passage of time or both
      would constitute an Event of Default hereunder, upon the terms and
      conditions herein set forth and in accordance with and subject to the
      terms of the LLC Agreement, Lender will make advances (each an "Advance")
      under the Loan to Borrower at Borrower's request in an aggregate amount
      outstanding at any one time not to exceed the maximum principal amount of
      the Loan.

            (e)   Notice and Manner of Borrowing. Borrower shall give Lender at
      least five (5) Business Days' written or telegraphic notice (effective
      upon receipt) of any Advance under this Agreement, specifying the date and
      amount thereof. Not later than 3:00 p.m. (Nashville, Tennessee time) on
      the date of such Advance and upon fulfillment of the applicable conditions
      set forth in Section 1 (f), Lender may, in its sole and absolute
      discretion, make such Advance available to the Borrower in immediately
      available funds.

            (f)   Effect of Request for Advance. Each request by Borrower for an
      Advance shall constitute an affirmation by Borrower that the
      representations and warranties in Section 2 of this Agreement remain true
      and correct on and as of the date of such request.

      2.    Representations and Warranties. Borrower hereby represents and
warrants to Lender as follows:

            (a)   Corporate Status. Borrower is a limited liability company duly
      organized, validly existing and in good standing under the laws of the
      State of Delaware and is duly qualified to do business and in good
      standing in each state in which a failure to be so qualified would have a
      material adverse effect on Borrower's business. Borrower has the limited
      liability company power to own and operate its properties, to carry on its
      business as now conducted and to enter into and perform its obligations
      under this Agreement and the other Loan Documents to which it is a party.

            (b)   Authorization. Borrower has full legal right, power and
      authority to conduct its business and affairs in the manner contemplated
      by the Loan Documents and to enter into and perform its obligations
      thereunder without the consent of any other person, firm, governmental
      agency or legal entity.

            (c)   Other Agreements. The transactions hereby contemplated will
      not result in a breach of or constitute a default under any other
      agreement to which Borrower is party. Borrower is not in breach of or in
      default under each Franchise Agreement (as defined in the LLC Agreement)
      and the Development Agreement (as defined in the LLC Agreement).

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            (d)   Litigation. There is no litigation or proceeding pending
      against Borrower, nor to the knowledge of the Borrower threatened, which,
      if decided adversely to Borrower would have a material adverse effect upon
      its financial condition or business.

            (e)   Financial Statements. The financial statements of Borrower and
      Guarantor heretofore delivered to Lender are true and correct in all
      respects, have been prepared in accordance with generally accepted
      accounting principles consistently applied, and fairly present the
      financial conditions of Borrower and Guarantor as of the dates thereof. No
      material adverse change has occurred in the financial condition of
      Borrower or Guarantor since the dates thereof.

            (f)   Compliance with Law. Borrower has obtained all necessary
      licenses, permits, governmental approvals and authorizations necessary or
      proper in order to conduct its business and affairs as heretofore
      conducted and as hereafter intended to be conducted and is in compliance
      with all laws, regulations, decrees and orders applicable to it.

            (g)   Taxes. Borrower has filed all required federal, state and
      local tax returns and has paid all taxes as shown on such returns as they
      have become due and have paid all other taxes, fees or other charges
      imposed on it prior to delinquency.

            (h)   Environmental Matters. Borrower represents and warrants to
      Lender as follows:

                  (i)   All of Borrower's property is being operated by Borrower
            in full compliance with all applicable environmental laws, and
            Borrower has obtained, maintained and is in good standing under all
            approvals, consents, certificates, licenses and permits required by
            all applicable environmental laws with respect to its property.

                  (ii)  All of Borrower's property is free of all hazardous
            wastes, and is free of all hazardous materials other than those
            maintained therein or thereon in full compliance with all applicable
            environmental laws. Borrower has not caused or permitted any of its
            property to be used to generate, manufacture, refine, transport,
            treat, store, handle, dispose, transfer, produce or process
            hazardous materials except in full compliance with all applicable
            environmental laws.

                  (iii) Borrower has not received notice, and has no knowledge,
            of any noncompliance with or violation of any environmental laws
            with respect to any of its property or its business.

      3.    Covenants and Agreements. Borrower covenants and agrees during the
term of this Agreement as follows:

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            (a)   Payment of Obligations. Borrower shall pay the indebtedness
      evidenced by the Note according to the tenor thereof, and shall timely pay
      or perform, as the case may be, all of its other obligations to Lender.

            (b)   Further Assurances. Borrower will take all actions requested
      by Lender to create and maintain in Lender's favor valid liens and/or
      perfected security interests in any collateral for the Loan.

            (c)   Financial Statements. Borrower shall furnish to Lender (or
      cause to be furnished to Lender) the following:

                  (i)   financial statements for each fiscal year within ninety
            (90) days after the end of such fiscal year, and accompanied by a
            certificate of the President of Borrower, stating that to the best
            of the knowledge of such officer, Borrower has kept, observed,
            performed and fulfilled each covenant, term and condition of this
            Agreement and the other Loan Documents during the preceding fiscal
            year and that no Event of Default hereunder has occurred and is
            continuing (or if an Event of Default has occurred and is
            continuing, specifying the nature of same, the period of existence
            of same and the action Borrower proposes to take in connection
            therewith (a "Compliance Certificate");

                  (ii)  quarterly financial statements within thirty (30) days
            after the end of each quarterly period of Borrower's fiscal year,
            accompanied by a Compliance Certificate with respect to such
            quarterly period; and

                  (iii) monthly financial statements within twenty (20) days
            after the end of each calendar month, accompanied by a Compliance
            Certificate with respect to such calendar month.

                  In addition, Borrower shall promptly furnish Lender any other
            financial data Lender may reasonably request. All such financial
            statements shall be prepared in conformity with generally accepted
            accounting principles consistently applied and shall be in form
            satisfactory to Lender.

            (d)   Insurance. Borrower shall maintain insurance coverage in
      amounts and of types satisfactory to Lender, including but not limited to
      insurance against loss by fire or other hazards included in the term
      "Extended Coverage" and workman's compensation insurance in such amounts
      as Lender may from time to time reasonably require. All such policies of
      insurance shall provide that such insurance shall be payable to Borrower
      and Lender as their respective interests may appear, and that at least
      thirty (30) days' prior written notice of cancellation or modification of
      the policy shall be given to Lender by the insurer.

            (e)   Taxes. Borrower shall file all required federal, state and
      local tax returns and pay all taxes as shown on such returns as they
      become due, and shall pay all other taxes, fees or other charges imposed
      on it prior to delinquency.

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            (f)   Existence. Borrower shall maintain its limited liability
      company existence in good standing in the state of its organization and
      its qualification in good standing as a foreign limited liability company
      in any jurisdiction in which such qualification is necessary pursuant to
      applicable law.

            (g)   Compliance with Law and Other Agreements. Borrower shall
      maintain its business operations and property owned or used in connection
      therewith in compliance with (a) all applicable federal, state and local
      laws, regulations and ordinances governing such business operations in the
      use and ownership of such property, and (b) all agreements, licenses,
      franchises, indentures and mortgages to which Borrower is a party or by
      which Borrower or any of its properties is bound, including each Franchise
      Agreement, the Development Agreement and the LLC Agreement.

            (h)   Notice of Default. Borrower shall give written notice to
      Lender of the occurrence of any default under this Agreement or any other
      Loan Documents promptly upon the occurrence thereof.

            (i)   Notice of Litigation. Borrower shall give notice in writing to
      Lender of any action, suit or proceeding wherein the amount in issue is in
      excess of $10,000 instituted by any persons whomsoever against any
      Borrower or any dispute between Borrower on the one hand and any
      governmental regulatory body on the other hand in which dispute might
      interfere with the normal operations of Borrower.

            (j)   Mergers, Consolidations, Acquisitions and Sales. Without the
      express prior written consent of Lender, which may be denied in Lender's
      sole discretion, Borrower shall not (i) be a party to any merger,
      consolidation or corporate reorganization, nor (ii) purchase or otherwise
      acquire all or substantially all of the assets or stock of, or any
      partnership or joint venture interest in, or any other person, firm or
      entity, nor (iii) sell, transfer, convey or grant a security interest in
      or lease all or any substantial part of its assets, nor (iv) create any
      subsidiaries nor convey any of its assets to any subsidiary.

            (k)   Management, Ownership. Borrower shall not permit any change in
      the ownership, or executive management of Borrower without the prior
      written consent of Lender. The ownership and executive management of
      Borrower are material factors in Lender's willingness to institute and
      maintain a lending relationship with Borrower.

            (l)   Guaranties; Loans. Borrower shall not guarantee nor be liable
      in any manner, whether directly or indirectly, or become contingently
      liable after the date of this Agreement in connection with the obligations
      or indebtedness of any person or persons whomsoever, except for the
      indorsement of negotiable instruments payable to Borrower for deposit or
      collection in the ordinary course of business. Borrower shall not make any
      loan, advance or extension of credit to any person other than in the
      normal course of its business.

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            (m)   Debt. Without the express prior written consent of Lender,
      which Lender may withhold in its sole discretion, Borrower shall not
      create, incur, assume or suffer to exist indebtedness of any description
      whatsoever other than the indebtedness evidenced by the Note, trade
      accounts payable and accrued expenses incurred in the ordinary course of
      business and the indorsement of negotiable instruments payable to Borrower
      for deposit or collection in the ordinary course of business and a loan in
      the maximum principal amount of $2,500,000, to be made by GE Capital
      Franchise Finance Corporation, a Delaware corporation ("GECFFC"), as
      lender, to Borrower, as borrower, evidenced by one or more promissory
      notes from Borrower to GECFFC, for the purpose of constructing or
      acquiring an O'Charley's restaurant, all upon terms and conditions
      reasonably acceptable to Lender (the "GE Loan").

            (n)   Environmental Matters.

                  (i)   Borrower will cause all of its property to remain free
            of all hazardous wastes, and to remain free of all hazardous
            materials other than those maintained therein or thereon in full
            compliance with all applicable environmental laws. Borrower will not
            cause or permit any of its property to be used to generate,
            manufacture, refine, transport, treat, store, handle, dispose,
            transfer, produce or process hazardous materials except in full
            compliance with all applicable environmental laws.

                  (ii)  Borrower will notify Lender immediately if it receives
            any notice or obtains knowledge of any noncompliance with or
            violation of any environmental laws with respect to any of its
            property or its business.

                  (iii) In the event that hazardous materials unrelated to
            Borrower's business, or hazardous wastes, are discovered on or are
            brought onto any of Borrower's property, Borrower will cause such
            hazardous materials or hazardous wastes to be removed and disposed
            of promptly and in full compliance with all applicable environmental
            laws. Borrower will provide Lender prior written notice of such
            removal and disposal actions.

                  (iv)  Borrower will comply with all applicable environmental
            laws in all jurisdictions in which Borrower operates, now or in the
            future, and will comply with all environmental laws that in the
            future become applicable to its property or business.

      4.    Default and Remedies.

            (a)   Events of Default. The occurrence of any of the following
      shall constitute an Event of Default hereunder:

                  (i)    Default in the payment of principal of or interest on
            the indebtedness evidenced by the Note;

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                  (ii)   Any misrepresentation by Borrower or Guarantor as to
            any matter hereunder or under any of the other Loan Documents or
            delivery of any statement, notice or writing to Lender that is
            untrue in any respect;

                  (iii)  Failure of Borrower or Guarantor to perform any of its
            obligations under this Agreement, the Note or any other Loan
            Documents or any default or event of default shall occur under any
            of the other Loan Documents;

                  (iv)   A default or event of default, shall occur under the GE
            Loan;

                  (v)    Any default or event of default, or event which with
            the giving of notice, passage of time or both would constitute a
            default or event of default, under any agreement between Borrower
            and Lender or Borrower and any affiliate of Lender, including,
            without limitation, each Franchise Agreement, the Development
            Agreement and the LLC Agreement;

                  (vi)   Borrower or Guarantor shall (i) generally not pay or
            shall be unable to pay its debts as such debts become due; or (ii)
            shall make an assignment for the benefit of creditors or petition or
            apply to any tribunal for the appointment of a custodian, receiver
            or trustee for it or a substantial part of its assets; or (iii)
            shall commence any proceedings under any bankruptcy, reorganization,
            arrangement, readjustment of debt, dissolution or liquidation law or
            statute of any jurisdiction, whether now or hereafter in effect; or
            (iv) shall have had any such petition or application filed or any
            such proceeding commenced against it in which an order for relief is
            entered or an adjudication or appointment is made; or (v) shall
            indicate by any act or omission, its consent to, approval of or
            acquiescence in any such petition, application, proceeding or order
            for relief or the appointment of a custodian, receiver or trustee
            for it or a substantial part of its assets; or (vi) shall suffer any
            such custodianship, receivership or trusteeship to continue
            undischarged for a period of thirty (30) days or more;

                  (vii)  Borrower or Guarantor shall be liquidated, dissolved,
            partitioned or terminated or the articles of organization or
            certificate of authority shall expire or be revoked;

                  (viii) Borrower or Guarantor shall default in the timely
            payment or performance of any obligation now or hereafter owed to
            Lender in connection with any other indebtedness of such Borrower or
            Guarantor to Lender; or

                  (ix)   Lender shall reasonably suspect the occurrence of one
            or more of the aforesaid events of default and Borrower, upon the
            request of Lender, shall fail to provide evidence reasonably
            satisfactory to Lender that such event or events of default have not
            in fact occurred.

            (b)   Remedies. Upon the occurrence of an Event of Default described
      in Subsection 4(iv) hereof, the indebtedness evidenced by the Note as well
      as any other

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      indebtedness of Borrower to Lender shall be immediately due and payable in
      full; and upon the occurrence of any other Event of Default described
      above, Lender at any time thereafter may, at its option, accelerate the
      maturity of the indebtedness evidenced by the Note as well as any and all
      indebtednesses of Borrower to Lender, all without notice of any kind. Upon
      the occurrence of such Event of Default and the acceleration of the
      maturity of the indebtedness evidenced by the Note, Lender shall have all
      rights and remedies that Lender may now or hereafter possess at law, in
      equity or by statute.

      5.    Miscellaneous.

            (a)   Performance by Lender. If Borrower shall default in the
      payment, performance or observance of any covenant, term or condition of
      this Agreement, Lender may, at its option, pay, perform or observe the
      same and all payments made or costs or expenses incurred by Lender in
      connection therewith, with interest thereon at the default rate provided
      in the Note, shall be immediately repaid to Lender by Borrower.

            (b)   Successors and Assigns. All covenants and agreements contained
      in this Agreement by or on behalf of Borrower or by or on behalf of Lender
      shall bind and inure to the benefit of their respective heirs, legal
      representatives, successors-in-title and assigns.

            (c)   Costs and Expenses. Borrower shall pay any and all costs and
      expenses incurred in connection with the making, administration, servicing
      and collection of the Loan, promptly upon demand of Lender.

            (d)   Severability. If any provision of this Agreement shall be
      invalid or unenforceable, the remainder of this Agreement shall not be
      affected and shall be enforced to the greatest extent permitted by law.

            (e)   Notices. Any notices permitted or required to be made
      hereunder shall be made in writing, signed by the party giving such notice
      and shall be delivered personally, telecopied or sent by certified mail or
      nationally recognized courier service (such as Federal Express) to the
      party at the address set forth below or at such other address as may be
      supplied in writing and of which receipt has been acknowledged in writing.
      The date of personal delivery, telecopy or the date of mailing (or
      delivery to such courier service) as the case may be shall be the date of
      such notice. For purposes of this Agreement:

                  The address of Lender is:

                  O'Charley's Inc.
                  3038 Sidco Drive
                  Nashville, TN 37204
                  Attention: R. Jeffrey Williams, Assistant Secretary
                  Telecopy Number: (615) 782-5031

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                  with a copy to:

                  Bass, Berry & Sims PLC
                  2700 AmSouth Center
                  Nashville, Tennessee 37238
                  Attention: J. Page Davidson
                  Telecopy Number: 615/742-2753

                  The address of Borrower is:

                  JFC Enterprises, LLC
                  3038 Sidco Drive
                  Nashville, Tennessee 37204
                  Attention:  Kurt Strang
                  Telecopy Number: (615) 782-5043

            (f)   Miscellaneous. This Agreement shall be construed and enforced
      under the laws of the State of Tennessee. No amendment or modification
      hereof shall be effective except in a writing executed by the parties
      hereto.

   [Remainder of this page intentionally left blank. Signatures on following
                                   page(s).]

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      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written.

                  BORROWER:        JFC ENTERPRISES, LLC

                                   By:  /s/ Kurt Strang
                                       ----------------------------------------
                                   Title: President

                  Location(s) of Collateral:    ______________________
                                                ______________________

                                                ______________________
                                                ______________________

                                                ______________________
                                                ______________________

                  LENDER:          O'CHARLEY'S INC.

                                   By:  /s/ Gregory L. Burns
                                       ----------------------------------------
                                   Title: Chairman and CEO

                                       10<PAGE>

                                                                    EXHIBIT 10.9

                                     MASTER
                         SECURED DEMAND PROMISSORY NOTE
                                (LINE OF CREDIT)

$750,000                      Nashville, Tennessee               August 20, 2004

      FOR VALUE RECEIVED, on DEMAND, or, in the absence of demand, on the
Maturity Date (as defined below), the undersigned, JFC Enterprises, LLC, a
Delaware limited liability company ("Maker"), promises to pay to the order of
O'CHARLEY'S INC., a Tennessee corporation ("Payee"; Payee and any subsequent
holder[s] hereof are hereinafter individually and collectively referred to as
"Holder"), without grace, at the office of Payee at 3038 Sidco Drive, Nashville,
Tennessee 37237, or at such other place as Holder may designate to Maker in
writing from time to time, the principal sum of SEVEN HUNDRED FIFTY THOUSAND AND
NO/100THS DOLLARS ($750,000), or such other amount as may be advanced here
against and hereafter be outstanding hereunder, together with interest on the
outstanding principal balance hereof from date at 8% per annum; provided that in
no event shall the rate of interest payable in respect of the indebtedness
evidenced hereby exceed the maximum rate of interest from time to time allowed
to be charged by applicable law (the "Maximum Rate"). Interest shall be
calculated on the basis of a 360-day year to the extent permitted by applicable
law.

      The indebtedness evidenced hereby is further evidenced and secured as set
forth in that certain Revolving Loan Agreement dated August 20, 2004, by and
between Maker, as borrower, and Payee, as lender (the "Loan Agreement").

      As used herein, "Maturity Date" shall mean the first to occur of (a) the
maturity of the GE Loan (as defined in the Loan Agreement), and (b) the JV
Partner's (as defined in the LLC Agreement as defined in the Loan Agreement)
purchase of all of O'Charley's Membership Interest (as defined in the LLC
Agreement) pursuant to Section 11.5 of the LLC Agreement.

      Interest only on the principal balance hereof outstanding from time to
time shall be due and payable quarterly, in arrears, with the first installment
being payable on the first day of the first calendar quarterly after the date
hereof, and subsequent installments being payable on the first day of each
succeeding calendar quarter thereafter until the earlier of the date Holder
makes demand for payment, or the Maturity Date, at which time the entire
outstanding principal balance, together with all accrued and unpaid interest,
shall be immediately due and payable in full.

      All payments in respect of the indebtedness evidenced hereby shall be made
in collected funds, and shall be applied to principal, accrued interest and
charges and expenses owing under or in connection with this Note in such order
as Holder elects, except that payments shall be applied to accrued interest
before principal.

      Any advance by Payee to Maker that is not evidenced by another instrument
or agreement between the parties shall be conclusively presumed to have been
made hereunder when such advance is made in accordance with the written
instructions of Maker. The entire balance of all advances hereunder that may be
outstanding from time to time shall constitute a

<PAGE>

single indebtedness, and no single advance increasing the outstanding balance
hereof shall itself be considered a separate loan, but rather an increase in the
aggregate outstanding balance of the indebtedness evidenced hereby.

      The indebtedness evidenced hereby may be prepaid in whole or in part, at
any time and from time to time, without premium or penalty, and in the absence
of default Maker may reborrow up to the maximum amount hereof in accordance with
the terms, conditions and provisions of the Loan Agreement.

      It is hereby expressly agreed that in the event that any default be made
in the payment of principal or interest when due as stipulated above; or in the
event that any default or event of default shall occur under the Loan Agreement
or under any other instrument, document or agreement now or hereafter further
evidencing, securing or otherwise relating to the indebtedness evidenced hereby;
then, and in such event, the entire outstanding principal balance of the
indebtedness evidenced hereby, together with any other sums advanced hereunder
or under any other instrument or document now or hereafter evidencing, securing
or in any way relating to the indebtedness evidenced hereby, together with all
unpaid interest accrued thereon, shall, at the option of Holder and without
notice to Maker, at once become due and payable and may be collected forthwith,
regardless of the stipulated date of maturity. Upon the occurrence of any
default as set forth herein and the acceleration of the maturity of the
indebtedness evidenced hereby, at the option of Holder and without notice to
Maker, all accrued and unpaid interest, if any, shall be added to the
outstanding principal balance hereof, and the entire outstanding principal
balance, as so adjusted, shall bear interest thereafter until paid at an annual
rate (the "Default Rate") equal to the Maximum Rate, regardless of whether there
has been an acceleration of the payment of principal as set forth herein. All
such interest shall be paid at the time of and as a condition precedent to the
curing of any such default.

      To the extent permitted by applicable law, Maker shall pay to Holder a
late charge equal to five percent (5%) of any payment hereunder that is not
received by Holder within five (5) days of the date on which it is due, in order
to cover the additional expenses incident to the handling and processing of
delinquent payments; provided, however, that no late charge will be imposed on
any payment made on time and in full solely by reason of any previously accrued
and unpaid late charge; and provided further that nothing in this paragraph
shall be deemed to waive any other right or remedy of Holder by reason of
Maker's failure to make payments when due hereunder.

      In the event this Note is placed in the hands of an attorney for
collection or for enforcement or protection of the security, or if Holder incurs
any costs incident to the collection of the indebtedness evidenced hereby or the
enforcement or protection of the security, Maker and any indorsers hereof agree
to pay a reasonable attorney's fee, all court and other costs, and the
reasonable costs of any other collection efforts.

      Presentment for payment, demand, protest and notice of demand, protest and
nonpayment are hereby waived by Maker and all other parties hereto. No failure
to accelerate the indebtedness evidenced hereby by reason of default hereunder,
acceptance of a past-due installment or other indulgences granted from time to
time, shall be construed as a novation of

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<PAGE>

this Note or as a waiver of such right of acceleration or of the right of Holder
thereafter to insist upon strict compliance with the terms of this Note or to
prevent the exercise of such right of acceleration or any other right granted
hereunder or by applicable laws. Unless otherwise specifically agreed by Holder
in writing, the liability of Maker and all other persons now or hereafter liable
for payment of the indebtedness evidenced hereby, or any portion thereof, shall
not be affected by (1) any renewal hereof or other extension of the time for
payment of the indebtedness evidenced hereby or any amount due in respect
thereof, (2) the release of all or any part of any collateral now or hereafter
securing the payment of the indebtedness evidenced hereby or any portion
thereof, or (3) the release of or resort to any person now or hereafter liable
for payment of the indebtedness evidenced hereby or any portion thereof. 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.

      All agreements herein made are expressly limited so that in no event
whatsoever, whether by reason of advancement of proceeds hereof, acceleration of
maturity of the unpaid balance hereof or otherwise, shall the interest and loan
charges agreed to be paid to Holder for the use of the money advanced or to be
advanced hereunder exceed the maximum amounts collectible under applicable laws
in effect from time to time. If for any reason whatsoever the interest or loan
charges paid or contracted to be paid in respect of the indebtedness evidenced
hereby shall exceed the maximum amounts collectible under applicable laws in
effect from time to time, then, ipso facto, the obligation to pay such interest
and/or loan charges shall be reduced to the maximum amounts collectible under
applicable laws in effect from time to time, and any amounts collected by Holder
that exceed such maximum amounts shall be applied to the reduction of the
principal balance remaining unpaid hereunder and/or refunded to Maker so that at
no time shall the interest or loan charges paid or payable in respect of the
indebtedness evidenced hereby exceed the maximum amounts permitted from time to
time by applicable law. This provision shall control every other provision in
any and all other agreements and instruments now existing or hereafter arising
between Maker and Holder with respect to the indebtedness evidenced hereby.

      This Note has been negotiated, executed and delivered in the State of
Tennessee, and is intended as a contract under and shall be construed and
enforceable in accordance with the laws of said state, except to the extent that
Federal law may govern the Maximum Rate.

      As used herein, the terms "Maker" and "Holder" shall be deemed to include
their respective successors, legal representatives and assigns, whether by
voluntary action of the parties or by operation of law. In the event that more
than one person, firm or entity is a maker hereunder, then all references to
"Maker" shall be deemed to refer equally to each of said persons, firms or
entities, all of whom shall be jointly and severally liable for all of the
obligations of Maker hereunder.

                            (signature page follows)

                                       3
<PAGE>

      IN WITNESS WHEREOF, the undersigned Maker has caused this Note to be
executed by its duly authorized officer as of the date first above written.

                                          MAKER:

                                          JFC ENTERPRISES, LLC

                                          By: /s/ Kurt Strang
                                             -----------------------------------
                                             Title: President

                                       4

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