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                                                                  EXHIBIT 10.41

                    WAYNE COUNTY EMPLOYEES' RETIREMENT SYSTEM
                                400 MONROE STREET
                                    SUITE 300
                             DETROIT, MICHIGAN 48226

                             As of February 1, 2001


Big Buck Brewery & Steakhouse, Inc.
550 S. Wisconsin Street
Gaylord, Michigan 49734

         RE:      $5,876,114.74 LOAN FROM WAYNE COUNTY EMPLOYEES' RETIREMENT
                  SYSTEM ("WCERS") TO BIG BUCK BREWERY & STEAKHOUSE, INC. (THE
                  "COMPANY"); $1,623,885.26 LOAN ORIGINATED BY BANK ONE,
                  MICHIGAN AND ACQUIRED BY WCERS TO THE COMPANY; AND $1,500,000
                  LOAN FROM WCERS TO THE COMPANY (COLLECTIVELY, THE "LOANS")

Ladies and Gentlemen:

         This letter will set forth certain agreements we have reached with
respect to the Loans. The Company and WCERS have previously entered into various
loan agreements, notes and other loan and security documents, and modifications
thereof executed in connection with the Loans (collectively, the "Loan
Documents") and the Company and WCERS have agreed to modify the requirements of
the Loan Documents with respect to certain payments as set forth below:

         1.       In substitution for all payments due WCERS under the various
                  notes evidencing the Loans (collectively, the "Notes")
                  commencing on February 1, 2001 and continuing each month
                  thereafter through and including May 1, 2001, the Company
                  shall issue to WCERS shares of its common stock ("Stock")
                  equal in value (as determined in paragraph 3) to the amount of
                  all payments due under the Notes (as set forth in Paragraph
                  2).

         2.       The total aggregate amount of all principal and/or interest
                  payments due under the Notes for February, March, April and
                  May is $327,610.24.

         3.       The value of the Stock is $1.013 per share, which is the
                  average of the closing sale price of one share of Stock as
                  quoted by The NASDAQ Stock Market for the ten trading days
                  between January 10, 2001 and January 24, 2001. A copy of the
                  NASDAQ trading page is attached as Schedule 1.

         4.       The Company shall effective as of February 1, 2001 issue to
                  WCERS 323,406 shares of the Stock of the Company and upon such
                  issuance and delivery of 323,406 shares of the Stock to WCERS,
                  WCERS shall note on its books and records the payment of all
                  principal and/or interest due under the Notes for February,
                  March, April and May 2, 2001.

         The Loan Documents, as amended hereby, remain in fully force and effect
and are hereby ratified and confirmed.


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         If the foregoing is consistent with your understanding, please
acknowledge your agreement by signing below and returning one copy to the
undersigned.


                                               Very truly yours,

                                               WAYNE COUNTY EMPLOYEES'
                                               RETIREMENT SYSTEM


                                               By:      /s/ Ronald Yee
                                                  ----------------------------
                                                        Ronald Yee
                                                        Its:  Director

Agreed to and accepted by:

BIG BUCK BREWERY & STEAKHOUSE, INC.


By:      /s/ William F. Rolinski
   --------------------------------------------------
         William F. Rolinski
         Its:  President


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