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                                                                   EXHIBIT 10.17


NO SALE, OFFER TO SELL OR TRANSFER OF THESE SECURITIES SHALL BE MADE WITHOUT (i)
THE OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH SALE, OFFER, OR
TRANSFER MAY BE MADE WITHOUT REGISTRATION OR QUALIFICATION UNDER THE SECURITIES
ACT AND APPLICABLE STATE SECURITIES LAWS OR (ii) SUCH REGISTRATION OR
QUALIFICATION.

                       BIG BUCK BREWERY & STEAKHOUSE, INC.
                          COMMON STOCK PURCHASE WARRANT

         Big Buck Brewery & Steakhouse, Inc., a Michigan corporation (the
"Company"), hereby agrees that, for value received, Seger Financial, Inc. or its
assigns, is entitled, subject to the terms set forth below, to purchase from the
Company at any time or from time to time before 5:00 p.m., Minneapolis,
Minnesota time, on November 20, 2003, Fourteen Thousand Five Hundred Eighty-Two
(14,582) shares of the Company's Common Stock at an exercise price of Two
Dollars and Seventy-Six and One-Quarter Cents ($2.7625) per share (the "Warrant
Shares").

         1. EXERCISE OF WARRANT. The purchase rights granted by this Warrant
shall be exercised by the holder surrendering this Warrant with the Warrant
Exercise Form attached hereto duly executed by such holder, to the Company at
its principal office, accompanied by payment, in cash, by cashier's check
payable to the order of the Company or by wire transfer to an account specified
by the Company, of the purchase price payable in respect of the Warrant Shares
being purchased. If less than all of the Warrant Shares purchasable hereunder
are purchased, the Company will, upon such exercise, execute and deliver to the
holder hereof a new Warrant evidencing the number of Warrant Shares not so
purchased. As soon as practicable after the exercise of this Warrant and payment
of the purchase price, the Company will cause to be issued in the name of and
delivered to the holder hereof, or as such holder may direct, a certificate or
certificates representing the Warrant Shares purchased upon such exercise. The
Company may require that such certificate or certificates contain on the face
thereof a legend substantially as follows:

         "No sale, offer to sell or transfer of the shares represented by this
         certificate shall be made without (i) the opinion of counsel
         satisfactory to the Company that such sale, offer, or transfer may be
         made without registration or qualification under the Securities Act and
         applicable state securities laws or (ii) such registration or
         qualification."

         2. NEGOTIABILITY AND TRANSFER. This Warrant is issued upon the
following terms, to which each holder hereof consents and agrees:

                  (a) This Warrant may not be sold, transferred, assigned or
         hypothecated without (i) the opinion of counsel satisfactory to the
         Company that such sale, offer, or transfer may be made without
         registration or qualification under the Securities Act and applicable
         state securities laws or (ii) such registration or qualification.

                  (b) Until this Warrant is duly transferred on the books of the
         Company, the Company may treat the registered holder of this Warrant as
         absolute owner hereof for all purposes without being affected by any
         notice to the contrary.

                  (c) Each successive holder of this Warrant, or of any portion
         of the rights represented hereby, shall be bound by the terms and
         conditions set forth herein.

         3. ANTIDILUTION ADJUSTMENTS. If the Company shall at any time hereafter
subdivide or combine its outstanding shares of Common Stock, or declare a
dividend payable in Common Stock, the exercise price in effect immediately prior
to the subdivision, combination, or record date for such dividend payable in
Common Stock shall 


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forthwith be proportionately increased, in the case of combination, or
proportionately decreased, in the case of subdivision or declaration of a
dividend payable in Common Stock, and the number of Warrant Shares purchasable
upon exercise of this Warrant immediately preceding such event, shall be changed
to the number determined by dividing the then current exercise price by the
exercise price as adjusted after such subdivision, combination, or dividend
payable in Common Stock and multiplying the result of such division against the
number of Warrant Shares purchasable upon the exercise of this Warrant
immediately preceding such event, so as to achieve an exercise price and number
of Warrant Shares purchasable after such event proportional to such exercise
price and number of Warrant Shares purchasable immediately preceding such event.
All calculations hereunder shall be made to the nearest cent or to the nearest
one-hundredth of a share, as the case may be. No fractional Warrant Shares are
to be issued upon the exercise of this Warrant, but the Company shall pay a cash
adjustment in respect of any fraction of a share which would otherwise be
issuable in an amount equal to the same fraction of the market price per share
of Common Stock on the day of exercise as determined in good faith by the
Company. In case of any capital reorganization or any reclassification of the
shares of Common Stock of the Company, or in the case of any consolidation with
or merger of the Company into or with another corporation, or the sale of all or
substantially all of its assets to another corporation, which is effected in
such a manner that the holders of Common Stock shall be entitled to receive
stock, securities, or assets with respect to or in exchange for Common Stock,
then, as a part of such reorganization, reclassification, consolidation, merger,
or sale, as the case may be, lawful provision shall be made so that the holder
of the Warrant shall have the right thereafter to receive, upon the exercise
hereof, the kind and amount of shares of stock or other securities or property
which the holder would have been entitled to receive if, immediately prior to
such reorganization, reclassification, consolidation, merger, or sale, the
holder had held the number of Warrant Shares which were then purchasable upon
the exercise of the Warrant. In any such case, appropriate adjustment (as
determined in good faith by the Board of Directors of the Company) shall be made
in the application of the provisions set forth herein with respect to the rights
and interest thereafter of the holder of the Warrant, to the end that the
provisions set forth herein (including provisions with respect to adjustments of
the exercise price) shall thereafter be applicable, as nearly as reasonably may
be, in relation to any shares of stock or other property thereafter deliverable
upon the exercise of the Warrant.

         4. NOTICE OF CORPORATE ACTION. If at any time:

                  (a) The Company shall pay any dividend upon its Common Stock
         payable in stock or make any distribution (other than a cash dividend)
         to the holders of its Common Stock;

                  (b) The Company shall offer for subscription purposes to the
         holders of its Common Stock any additional shares of stock of any class
         or any other rights;

                  (c) There shall be any capital reorganization or
         reclassification of the capital stock of the Company, or consolidation
         or merger of the Company with, or sale, conveyance, lease or other
         transfer of all or substantially all of its assets to, another
         corporation; or

                  (d) There shall be a voluntary or involuntary dissolution,
         liquidation or winding up of the Company;

then, the Company shall give notice to the holder hereof of the date on which
(i) the books of the Company shall close or a record shall be taken for each
stock dividend, distribution or subscription rights or (ii) such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation or
winding up shall take place, as the case may be. Such notice shall also specify
the date as of which the holders of the Common Stock of record shall participate
in such dividend, distribution or subscription rights or shall be entitled to
exchange their Common Stock for securities or other property deliverable upon
such reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation, or winding up, as the case may be. Such written notice shall be
given at least twenty (20) days prior to the action in question and not less
than twenty (20) days prior to the date on which the Company's transfer books
are closed in respect thereto.


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         5. NOTICES. All notices and other communications in connection with
this Warrant must be in writing and, except as otherwise provided herein, will
be deemed to have been duly given (i) when mailed by certified or registered
mail, postage prepaid, return receipt requested, (ii) when sent by facsimile,
with written confirmation of receipt, or (iii) when delivered to the addressee
if sent by a nationally recognized overnight delivery service (receipt
requested). Any notice required or permitted to be given to the holder of this
Warrant shall be mailed, sent or delivered to the registered holder of the
Warrant at his or her last known post office address or facsimile number
appearing on the books of the Company.

         6. RESERVATION OF COMMON STOCK. The Company will at all times reserve
and keep available such number of its authorized but unissued shares of Common
Stock as will be sufficient to permit the exercise in full of this Warrant.

         7. MISCELLANEOUS. Whenever reference is made herein to the issue or
sale of shares of Common Stock, the term "Common Stock" shall include any stock
of any class of the Company other than preferred stock that has a fixed limit on
dividends or a payment preference in the event of any voluntary or involuntary
liquidation, dissolution or winding up of the Company. The Company will not, by
amendment of its Articles of Incorporation or through reorganization,
consolidation, merger, dissolution, or sale of assets, or by any other voluntary
act or deed, avoid or seek to avoid the observance or performance of any of the
covenants, stipulations, or conditions to be observed or performed hereunder by
the Company, but will, at all times in good faith, assist, insofar as it is
able, in the carrying out of all provisions hereof and in the taking of all
other action which may be necessary in order to protect the rights of the holder
hereof against dilution. The representations, warranties, and agreements herein
contained shall survive the exercise of this Warrant. References to the "holder
of" include the immediate holder of Warrant Shares purchased on the exercise of
this Warrant, and the word "holder" shall include the plural thereof. This
Common Stock Purchase Warrant shall be interpreted under the laws of the State
of Michigan. All Warrant Shares or other securities issued upon the exercise of
the Warrant shall be validly issued, fully paid and nonassessable.
Notwithstanding anything contained herein to the contrary, the holder of this
Warrant shall not be deemed a shareholder of the Company for any purpose
whatsoever until and unless this Warrant is duly exercised.

         IN WITNESS WHEREOF, the undersigned has caused this Warrant to be
signed by its duly authorized officer this 20th day of November, 1998.

                                          BIG BUCK BREWERY & STEAKHOUSE, INC.



                                          By /S/WILLIAM F. ROLINSKI
                                             -------------------------------
                                                  William F. Rolinski
                                                  President and Chief Executive
                                                  Officer



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                              WARRANT EXERCISE FORM

                   To be signed only upon exercise of Warrant.


         The undersigned, the holder of the within Warrant, hereby irrevocably
elects to exercise the purchase right represented by such Warrant for, and to
purchase thereunder, __________ of the Warrant Shares of Big Buck Brewery &
Steakhouse, Inc. to which such Warrant relates and herewith makes payment of
$__________ therefor in cash, by cashier's check payable to the order of the
Company or by wire transfer to an account specified by the Company, and requests
that such Warrant Shares be issued and be delivered to the address for which is
set forth below the signature of the undersigned.

         Dated:______________________


                        ---------------------------------
                        (Taxpayer's I.D. Number)

                        ---------------------------------
                        (Signature)

                        ---------------------------------
                        (Address)


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                                 ASSIGNMENT FORM

             To be signed only upon authorized transfer of Warrant.


         FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and
transfers unto _______________________________ the right to purchase Warrant
Shares of Big Buck Brewery & Steakhouse, Inc. to which the within Warrant
relates and appoints _____________________________, attorney, to transfer said
right on the books of such corporation with full power of substitution in the
premises.

         Dated: _____________________________



                            -------------------------
                            (Signature)

                            -------------------------
                            (Address)