Document:

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                                                                    EXHIBIT 10.1

                              CONSULTING AGREEMENT

          This Consulting Agreement ("Agreement") is to be effective as of the
12th day of July, 2001, by and between Big Buck Brewery & Steakhouse, a Michigan
corporation ("Company"), with offices located at 550 S. Wisconsin, P.O. Box
1430, Gaylord, MI 49734, and Morgan James & Associates ("Consultant"), having
its principal place of business at 14 West Jones Street, Suite "D," Savannah, GA
31401.

          For the purpose of this Agreement, either of the above shall be
referred to as a "Party" and collectively as the "Parties."

          1.      APPOINTMENT OF MORGAN JAMES & ASSOCIATES.  Company hereby
                  appoints  Consultant and Consultant hereby agrees to render
                  services to Company as a management consultant, strategic
                  planner and advisor.

          2.      DUTIES. During the term of this Agreement, Consultant shall
                  provide advice to, undertake for, and consult with Company
                  concerning management, marketing, consulting, strategic
                  planning, corporate organization, and structure financial
                  matters in connection with the operation of the Company's
                  business, expansion of services, stockholder relations, and
                  shall review and advise Company regarding its overall
                  progress, needs and condition. Company understands and
                  acknowledges that Consultant is not a broker dealer.
                  Consultant agrees to provide on a timely basis the following
                  enumerated services plus any additional services contemplated
                  thereby:

                  a)  Present to Company prospective acquisition targets,
                      business opportunities, joint ventures, and any other form
                      of revenue enhancements to Company;

                  b)  Assist in the implementation of short-range and long-term
                      strategic planning to fully develop and enhance Company's
                      assets, resources, products, and services;

                  c)  Support in the implementation of a marketing program to
                      assist Company in broadening the markets for its business
                      and services and promote the image of the Company and its
                      business and services;

                  d)  Assist Company in the monitoring of services provided by
                      Company's advertising firm, public relations firm, and
                      other professionals to be employed by Company;

                  e)  Advise Company relative to the continued development for a
                      customer relations program and to stimulate interest in
                      Company by institutional investors and other members of
                      the financial community;

                  f)  Advise Company  relative to the recruitment and employment
                      of key executives  consistent  with the expansion of
                      operations of Company; and

                  g)  Advise and recommend to Company additional services
                      relating to the present business and services provided by
                      Company as well as new products that may be provided by
                      Company.

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          3.      TERM. The term ("Term") of this  Consulting  Agreement  shall
                  be for a period of one (1) year  commencing on the date hereof
                  and shall  continue on a  month-to-month  basis until
                  terminated  by Company or  Consultant  with a notice of thirty
                  (30) days.

          4.      COMPENSATION.  See Attachment "A."

          5.      CONFIDENTIALITY. Consultant will not disclose to any other
                  person, firm or corporation, nor use for its own benefit,
                  during or after the Term of the Consulting Agreement, any
                  trade secrets or other information which are material and
                  nonpublic and which are acquired by Consultant in the course
                  of performing services hereunder. Any written representation
                  rendered by Consultant pursuant to this Consultant Agreement
                  may not be disclosed in any manner without the prior written
                  approval of Company.

          6.      INDEMNIFICATION. Company, its agents or assigns herby agree to
                  indemnify and hold Consultant harmless from and against all
                  losses, claims, damages, liabilities, costs or expenses which
                  result from a legal dispute (including reasonable attorney's
                  fees), collectively the "Liabilities," joint and several,
                  arising from the performance of this Consulting Agreement;
                  provided, however, that the Company will not be liable in any
                  such case to the extent, but only to the extent, that any such
                  loss, claim, damage, liability, cost or expense arises out of
                  or is based upon any untrue statement or alleged untrue
                  statement or omission or alleged omission made in reliance
                  upon and in conformity with information furnished to the
                  Company by or on behalf of the Consult. This indemnity shall
                  not apply, however, and Consultant shall indemnify and hold
                  Company, its affiliates, control persons, officers, employees,
                  and agents harmless from and against all liabilities, where a
                  court of competent jurisdiction has made a final determination
                  that Consultant engages in gross negligence and willful
                  misconduct in the performance of its services hereunder (but
                  pending any such final determination, the final
                  indemnification and reimbursement provision of this Consulting
                  Agreement shall apply and Company shall perform its obligation
                  hereunder to reimburse Consultant for its expenses). The
                  Consultant will indemnify and hold harmless the Company, each
                  of its directors, each of its officers, and each person who
                  controls the Company within the meaning of the Securities Act,
                  against any losses, claims, damages, liabilities, costs or
                  expenses to which the Company or any such director, officer,
                  or controlling person may become subject, under the Securities
                  Act or otherwise, insofar as such losses, claims, damages,
                  liabilities, costs or expenses (or actions in respect thereof)
                  arise omission or alleged omission, but only to the extent
                  that such untrue statement or alleged untrue statement or
                  omission or alleged omission was made in reliance upon and in
                  conformity with information furnished to the Company by or on
                  behalf of the Consultant. The provisions of this paragraph
                  shall survive the termination and expiration of this
                  Consulting Agreement.

          7.      INDEPENDENT CONTRACTOR. Consultant and Company hereby
                  acknowledge that Consultant is an independent contractor.
                  Consultant shall not hold itself out as, nor shall it take any
                  action from which others might infer that it is an agent of or
                  a joint venture of Company.

          8.      MISCELLANEOUS. This Consulting Agreement sets forth the entire
                  understanding of the Parties relating to the subject matter
                  hereof, and supersedes and cancels any prior communications,
                  understanding, and agreements between the Parties. This
                  Consulting Agreement is non-exclusive and cannot be modified
                  or changed, nor can any of its provisions be waived, except by
                  written agreement signed by all Parties. This Consulting
                  Agreement shall be governed by the laws of the State of
                  Michigan without reference to the conflict of law principles
                  thereof. In the event of any dispute as to the terms of this
                  Consulting Agreement, the prevailing Party in any litigation
                  shall be entitled to reasonable attorney's fees.

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          9.      RESTRICTIONS REGARDING COMPANY'S STOCK. Consultant understands
                  and acknowledges that the payment of consideration to
                  securities broker-dealers and their associated persons
                  (directly or indirectly, including affiliates of associated
                  persons) for the purpose of inducing them to buy or sell
                  securities for their account or for their customers' accounts,
                  to recommend the purchase of securities to their customers, or
                  to influence the price of securities in the public market is a
                  violation of the NASD's Rule of Fair Practice and of the
                  Federal Securities Exchange Act of 1934, as amended, and that
                  the transfer of the Company's common stock or the sale thereof
                  at a price below the then current bid price to a securities
                  broker-dealer and such associated person described above is
                  prohibited. Accordingly, Consultant agrees that the shares of
                  Company's common stock, which the Company is to or may deliver
                  to Consultant as compensation for Consultant's services, will
                  not be used for any prohibited purpose described above.
                  Consultant understands that any securities issuable pursuant
                  to Section 4 hereof (the "Shares") are not being registered
                  under the Securities Act or relevant state securities laws
                  pursuant to exemptions from the Securities Act and such laws,
                  and that the Company's reliance upon such exemptions is
                  predicated in part on Consultant's representations to the
                  Company as contained herein. Consultant further represents and
                  agrees that if it should later desire to dispose of or
                  transfer any of the Shares in any manner, it will not do so
                  without first obtaining (a) the opinion of counsel designated
                  by the Company that such proposed disposition or transfer
                  lawfully may be made without the registration of the Shares
                  for such purpose pursuant to the Securities Act, as then in
                  effect, and applicable state securities laws, or (b) such
                  registrations. Consultant agrees that the Company may place a
                  restrictive legend on the certificate(s) representing the
                  Shares to reflect the foregoing restrictions.

          10.     PIGGYBACK REGISTRATION. Each time the Company shall determine
                  to proceed with the actual preparation and filing of a
                  registration statement under the Securities Act in connection
                  with the proposed offer and sale for money of any of its
                  common stock by it or any of its security holders, the Company
                  will give written notice of its determination to Consultant.
                  Upon the written request of Consultant given with ten(10) days
                  after receipt of any such notice from the Company, the Company
                  will, except as herein proved, cause all the Shares for which
                  the Consultant has so requested registration, to be included
                  in such registration statement, all to the extent requisite to
                  permit the sale or other disposition by the Consultant of the
                  Shares to be so registered; provided, however, that nothing
                  herein shall prevent the Company from, at any time, in good
                  faith abandoning or delaying any such registration initiated
                  by it. If any registration pursuant to this section shall be
                  underwritten in whole or in part, the Company may require that
                  the securities requested for inclusion pursuant to this
                  section be included in the underwriting on the same terms and
                  conditions as the securities otherwise being sold through the
                  underwriters. If, in the good faith judgment of the managing
                  underwriter of such public offering, the inclusion of all of
                  the securities originally covered by a request for
                  registration would reduce the number of shares to be offered
                  by the Company or interfere with the successful marketing of
                  the shares of common stock offered by the Company, the number
                  of securities otherwise to be included in the underwritten
                  public offering may be reduced pro rata among the holders
                  thereof requesting such registration to a number that the
                  managing underwriter believes will not adversely affect the
                  sale of shares by the Company. Those securities which are thus
                  excluded from the underwritten public offering, and any other
                  common stock owned by such holders, shall be withheld from the
                  market by the holders thereof for a period, not to exceed one
                  hundred eighty (180) days, which the managing underwriter
                  reasonably determines is necessary in order in effect the
                  underwritten public offering.

          11.     NOTICES. Any notice required or permitted hereunder shall be
                  given in writing (unless otherwise specified herein) and shall
                  be deemed effectively given upon personal delivery or seven
                  business days after deposit in the United Sates Postal Service
                  by (a) advance copy by

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                  fax or (b) mailing by express courier or registered or
                  certified mail with postage and fees prepaid, addressed to
                  each of the Parties thereunto entitled at the following
                  addresses, or at such other addresses as a Party may designate
                  by ten (10) days advance written notice to each of the other
                  Parties hereto:

                           Company:         Big Buck Brewery & Steakhouse
                                            550 S. Wisconsin, P.O. Box 1430
                                            Gaylord, MI 49734
                                            Attn:  William Rolinski
                                            Telephone:      (989) 731-0401
                                            Fax:            (989) 731-2788

                           Consultant:      Morgan James & Associates
                                            14 West Jones Street, Suite "D"
                                            Savannah, GA 31401
                                            Attn:  Morgan J. Wilbur III
                                            Telephone:      (912) 790-3076
                                            Fax:            (912) 790-3079

          IN WITNESS WHEREOF, the undersigned have set their hand and seal this
12th day of July, 2001.

Big Buck Brewery & Steakhouse, Inc.                 Morgan James & Associates

/s/ William F. Rolinski                             /s/ Morgan J. Wilbur III
----------------------------                        -------------------------
BY: William Rolinski                                BY: Morgan J. Wilbur III
ITS:  President                                     ITS:

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                                 ATTACHMENT "A"

                   TO CONSULTING AGREEMENT DATED JULY 12, 2001

All fees to consultant, Morgan James & Associates, will be paid as follows:

          1)      Company shall pay an initial payment of UW $1,500 due at the
                  commencement of this contract, as well as an additional US
                  $3,000 per month for the length of the contract, the next
                  payment of which is due one month after the initial payment.

          2)      Upon execution, Company shall issue 125,000 shares of
                  Company's common stock to the Consultant. Said shares shall be
                  restricted subject to piggyback rights of registration as
                  outlined above.

                  In addition, forty-five (45) days from the date of
                  commencement of this Agreement, Company shall issue an
                  additional 75,000 shares of the Company's common stock to the
                  Consultant. Said shares shall be restricted and have piggyback
                  rights of registration as outlined above.

                  In addition, ninety (90) days from the date of commencement of
                  this Agreement, Company shall issue an additional 50,000
                  shares of the Company's common stock to the Consultant. Said
                  shares shall be restricted and have full rights of piggyback
                  registration as outlined above.

                  Consultant understands the issuance of stock in the company as
                  set forth above requires Board of Directors approval of this
                  agreement.

          3)      Consultant will be paid a fee of three percent (3%) of any
                  funds raised by Consultant on behalf of Company.

          4)      Consultant will be paid a fee of three percent (3%) of the
                  purchase price of any acquisition or merger made by or
                  involving Company, provided the third party involved in this
                  transaction was introduced to Company by Consultant.

          5)      Consultant  will be paid a fee of five  percent  (5%) of the
                  total value of any  contracts  brought to the Company by
                  Consultant.<Page>

                                                                    EXHIBIT 10.2

             SECOND AMENDMENT TO BIG BUCK BREWERY & STEAKHOUSE, INC.
                    CONVERTIBLE SUBORDINATED PROMISSORY NOTE

          THIS SECOND AMENDMENT TO BIG BUCK BREWERY & STEAKHOUSE, INC.
CONVERTIBLE SUBORDINATED PROMISSORY NOTE ("Second Amendment") is made this 17th
day of October, 2001, by and between BIG BUCK BREWERY & STEAKHOUSE, INC., a
Michigan corporation, as maker ("Maker"), and STEVEN G. BALAN, as payee
("Payee").

                                R E C I T A L S :

          This Second Amendment is based on the following Recitals:

          A.      The Maker and Payee entered into that certain Subscription and
Investment Representation Agreement for Convertible Subordinated Promissory Note
("Subscription Agreement") and that certain Big Buck Brewery & Steakhouse, Inc.
Convertible Subordinated Promissory Note with a principal amount of $250,000
dated as of October 11, 1999, as amended by the First Amendment thereto entered
into on April 12, 2001 (as amended, the "Note").

          B.      Under the terms of the Subscription Agreement and Note, the
Note matured on October 1, 2001.

          C.      The  parties  desire  to amend the  Subscription  Agreement
and Note in accordance  with the  terms of this  Second Amendment.

          NOW, THEREFORE, the parties agree as follows:

          1.      The Recitals set forth above are incorporated into and shall
form a part of this Second Amendment.

          2.      The Payee hereby acknowledges receipt of all interest due
pursuant to the Note through September 30, 2001.

          3.      Commencing November 1, 2001, and on the first day of each
month thereafter, unless the Note is earlier repaid or converted into shares of
common stock of the Maker, the Maker will make monthly payments of principal and
interest to the Payee. The Maker and the Payee have agreed that the Maker will
make four (4) monthly payments of $5,000.00 plus accrued interest to the Payee,
twelve (12) monthly payments of $18,000 plus accrued interest to the Payee, and
one (1) monthly payment of $14,000.00 plus accrued interest to the Payee. Unless
earlier repaid or converted into shares of the Maker's common stock, the Note
will be deemed repaid in full upon the last of the scheduled payments. The
above-referenced payments will be applied as follows:

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<Table>
<Caption>
       ----------------- ---------------- ------------- ------------------
                                                             Unpaid
           Payment         Principal        Interest        Principal
             Date           Payment         Payment          Balance
       ----------------- ---------------- ------------- ------------------
          <S>              <C>              <C>             <C>
          11-01-2001       $5,000.00        $2,083.33       $245,000.00
       ----------------- ---------------- ------------- ------------------
          12-01-2001       $5,000.00        $2,041.67       $240,000.00
       ----------------- ---------------- ------------- ------------------
          01-01-2002       $5,000.00        $2,000.00       $235,000.00
       ----------------- ---------------- ------------- ------------------
          02-01-2002       $5,000.00        $1,958.33       $230,000.00
       ----------------- ---------------- ------------- ------------------
          03-01-2002       $18,000.00       $1,916.67       $212,000.00
       ----------------- ---------------- ------------- ------------------
          04-01-2002       $18,000.00       $1,766.67       $194,000.00
       ----------------- ---------------- ------------- ------------------
          05-01-2002       $18,000.00       $1,616.67       $176,000.00
       ----------------- ---------------- ------------- ------------------
          06-01-2002       $18,000.00       $1,466.67       $158,000.00
       ----------------- ---------------- ------------- ------------------
          07-01-2002       $18,000.00       $1,316.67       $140,000.00
       ----------------- ---------------- ------------- ------------------
          08-01-2002       $18,000.00       $1,166.67       $122,000.00
       ----------------- ---------------- ------------- ------------------
          09-01-2002       $18,000.00       $1,016.67       $104,000.00
       ----------------- ---------------- ------------- ------------------
          10-01-2002       $18,000.00         $866.67        $86,000.00
       ----------------- ---------------- ------------- ------------------
          11-01-2002       $18,000.00         $716.67        $68,000.00
       ----------------- ---------------- ------------- ------------------
          12-01-2002       $18,000.00         $566.67        $50,000.00
       ----------------- ---------------- ------------- ------------------
          01-01-2003       $18,000.00         $416.67        $32,000.00
       ----------------- ---------------- ------------- ------------------
          02-01-2003       $18,000.00         $266.67        $14,000.00
       ----------------- ---------------- ------------- ------------------
          03-01-2003       $14,000.00         $116.67                $0
       ----------------- ---------------- ------------- ------------------
</Table>

          4.      In exchange for the extension of the maturity date and the
forbearance set forth herein, the Maker hereby releases and waives all defenses
and claims which the Maker has or may have and which Maker could raise or assert
to prevent the enforcement of the Note in whole or in part by the Payee except
for any breach of this Second Amendment by Payee.

          5.      It is the agreement of the parties that Payee should have the
benefit of the foregoing waiver in order to enforce the Note on a summary basis
without any defenses, claims or objections by the Maker which would interfere
with or prevent the enforcement of the Note except as to any breach of this
Second Amendment by Payee.

          6.      Notwithstanding anything to the contrary in the Subscription
Agreement and Note, the right to convert all or part of the unpaid principal
balance of the Note shall be at the conversion price equal to $0.73 per each
share of the Maker so converted as provided in the Subscription Agreement and
Note.

          7.      Except as amended  hereby,  the  Subscription  Agreement and
Note are restated and  republished in their entirety and remain in full force
and effect.

          8.      This Second Amendment shall be governed by and construed under
the laws of the State of Michigan. The Note and Subscription Agreement may not
be further amended or modified except by a writing signed by all of the parties.
This Second Amendment shall be binding upon and shall inure to the benefit of
the parties hereto and their permitted successors and assigns.

          9.      Payee agrees to forbear from taking any action in connection
with any defaults prior to execution hereof and as long as the Maker is not in
breach of this Agreement.

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         IN WITNESS WHEREOF, this Second Amendment has been executed the day and
year first above written.

                  MAKER:           BIG BUCK BREWERY & STEAKHOUSE, INC.

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

                  PAYEE:                 /s/ Steven G. Balan
                                      -----------------------------------------
                                      Steven G. Balan

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