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                                                                   EXHIBIT 10.64

                      SETTLEMENT AND TERMINATION AGREEMENT

        This Settlement and Termination Agreement (the "Agreement") is entered
into between Big Buck Brewery & Steakhouse, Inc. ("Big Buck") and Opry Mills
Limited Partnership ("Opry Mills") on this 28th day of March 2002.

        WHEREAS, on November 9, 2000, Big Buck and Opry Mills entered into a
commercial lease (the "Lease") for 20,046 square feet of space in a one-level
building in Opry Mills (the "Demised Premises").

        WHEREAS, disputes have arisen between the parties which resulted in the
initiation of litigation by Opry Mills against Big Buck, including not only a
Complaint filed in Davidson County Chancery Court (the "Complaint"), but an
unlawful detainer warrant in Davidson County General Sessions Court (the
"Eviction Action"), which seeks both a monetary judgment for unpaid rent and
that legal possession of the Demised Premises be returned to Opry Mills. The
Complaint and Eviction Action were both removed by Big Buck to Federal Court,
and the consolidated action is now styled OPRY MILLS LIMITED PARTNERSHIP V. BIG
BUCK BREWERY & STEAKHOUSE, INC., United States Federal Court, Middle District of
Tennessee, Case No. 3:01-1417 (collectively the "Litigation").

        WHEREAS, the parties entered into an Agreement on March 14, 2002, in
which they agreed that Big Buck would grant to Opry Mills possession of the
Demised Premises, with both parties reserving all rights and claims (the
"Possession Agreement").

        WHEREAS, the parties have now agreed to a full and complete resolution
and settlement of all of the issues raised in the Litigation, including a
payment by Big Buck to Opry Mills for a termination of the Lease and dismissal
of the Litigation with prejudice.

        Now, therefore, for valuable consideration, the parties agree as
follows:

        1. Big Buck shall pay to Opry Mills a Termination Fee (the "Fee"), as
described in paragraph 2 below.

        2. Big Buck shall have two options for the payment of the Fee: (a)
Payment to Opry Mills of the sum of two hundred thousand dollars ($200,000) (the
"Payment Option 1") on or before March 29, 2002; or (b) if Payment Option 1 is
not made on or before March 29, 2002, Big Buck shall pay to Opry Mills, on or
before April 30, 2002, the sum of three hundred twenty five thousand dollars
($325,000) ("Payment Option 2"). The Fee will be in the form of certified funds
payable to Opry Mills Limited Partnership or wire transferred in to an account
to be provided by counsel for Opry Mills.

        3. Except for the specific obligations set out in Paragraph 6 of this
Agreement, upon the timely receipt of the Fee: (a) an Agreed Order will be
submitted which will dismiss the Litigation with prejudice; (b) the Lease and
obligations and duties of the parties pursuant to the Lease are and will be
formally terminated, null and void; and (c) the parties do hereby release and
forever discharge each other, together with any person, firm or entity with
which the parties are or may heretofore have been affiliated, and their
successors, assigns, officers, directors, agents, employees, and attorneys, of
and from any and all manner of action or actions of any nature whatsoever
related to the Lease, the Litigation and/or the Demised Premises.

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        4. Big Buck agrees that Opry Mill's agreement to the amount of the Fee
as set forth in Paragraph 2 is a compromise and settlement of Opry Mill's total
claims against Big Buck, and if the Fee is not timely paid, Opry Mills shall
have the right to seek any and all damages against Big Buck in the Litigation,
and can claim amounts and damages in excess of the amount of the Fee.

        5. As an independent obligation, which will survive the releases set
out in Paragraph 3, Big Buck agrees to, no later than April 30, 2002, provide to
Opry Mills a full and complete release of lien and claims from any and all
suppliers, contractors or laborers which performed any work or supplied any
materials to the Demised Premises. Big Buck also agrees to indemnify, defend and
hold Opry Mills harmless from any and all claims or action taken against Opry
Mills, or the Demised Premises, by any unpaid supplier, contractor or laborers
which performed any work or supplied any materials to the Demised Premises. To
the extent that any mechanic's lien is filed against the Demised Premises and
also perfected according to Tennessee law, and not released, Big Buck also
agrees to, pursuant to Tennessee law, file a bond with the Davidson County
Register's office to formally discharge the claimed lien.

        6. This Agreement constitutes the entire settlement agreement and
understanding between the Plaintiff and the Defendants concerning the subject
matter hereof and supersedes and replaces all prior negotiations, proposed
agreements and agreements written and oral thereto.

        7. By entering into this Agreement the parties do not admit any
liability. Except as required by law, the parties agree to keep the amount of
the Fee paid by Big Buck confidential.

OPRY MILLS LIMITED PARTNERSHIP

By: Opry Mills, L.L.C.
    Its General Partner

    By: The Mills Limited Partnership
        Its Manager

        By: The Mills Corporation
            Its General Partner

By: /s/ Kent Digby
    --------------

BIG BUCK BREWERY & STEAKHOUSE,
INC.

By:  /s/ William F. Rolinski
     ------------------------------
Name:   William F. Rolinski
Title: President and Chief Executive Officer<Page>

                                                                   EXHIBIT 10.65
                                 AMENDMENT NO. 2
                                       TO
                                 LEASE AGREEMENT

        THIS AMENDMENT is made and entered into this 29th day of March, 2002, by
and between Eyde Brothers Development Company ("Landlord") and Big Buck Brewery
& Steakhouse, Inc. ("Tenant").

                                R E C I T A L S:

        WHEREAS, the Landlord and the Tenant entered into a Real Estate Purchase
and Leaseback Agreement, dated April 11, 1997, relating to the premises, legally
described therein, at 2500 28th St. SE, Grand Rapids, Michigan (the "Grand
Rapids Site");

        WHEREAS, the Landlord and the Tenant entered into a Lease Agreement (the
"Lease Agreement"), dated April 11, 1997, pursuant to which the Landlord leases
to the Tenant and the Tenant rents from the Landlord the Grand Rapids Site;

        WHEREAS, the Landlord and the Tenant entered into an Amendment to the
Lease Agreement, dated March 27, 2000, pursuant to which the Landlord waived its
right to require the Tenant to repurchase the Grand Rapids Site based upon Gross
Sales (as defined in the Lease Agreement) during any of the first three Lease
Years (as defined in the Lease Agreement);

        WHEREAS, the Landlord and the Tenant desire to enter into an agreement
pursuant to which the Landlord will waive its right to require the Tenant to
repurchase the Grand Rapids Site based upon Gross Sales during the Lease Years
ended April 10, 2001 and April 10, 2002, and pursuant to which Section 3.3(b) of
the Lease Agreement will be restated, in exchange for the receipt of good and
valuable consideration, the receipt of which is hereby acknowledged;

        NOW, THEREFORE, in consideration of the premises and agreement set forth
herein, the parties hereto agree as follows:

        1. WAIVER. The Landlord waives its right to require the Tenant to
           repurchase the Grand Rapids Site based upon Gross Sales during the
           Lease Years ended April 10, 2001 and April 10, 2002.

        2. REPURCHASE OBLIGATION. The first sentence of Section 3.3(b) of the
           Lease Agreement is restated as follows: "Commencing April 11, 2002,
           in the event that Gross Sales shall not exceed $1,500,000 annually
           for any full Lease Year during the remaining term of the Lease, then
           Tenant shall be obligated to repurchase the Premises from Landlord,
           upon Landlord's written request, within one hundred eighty (180) days
           after receipt of such request from Landlord."
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        IN WITNESS WHEREOF, the parties hereto have executed this Amendment on
the date first above written.

LANDLORD:                          TENANT:

EYDE BROTHERS DEVELOPMENT          BIG BUCK BREWERY & STEAKHOUSE,
COMPANY                            INC.

By /s/ Michael G. Eyde             By /s/ William F. Rolinski
   ----------------------             -------------------------------------
        Michael G. Eyde                    William F. Rolinski
        Owner                              President and Chief Executive Officer<Page>

                                                                   EXHIBIT 10.66

                    WAYNE COUNTY EMPLOYEES' RETIREMENT SYSTEM
                          400 MONROE STREET - SUITE 320
                             DETROIT, MICHIGAN 48226

                                  April 1, 2002

Big Buck Brewery & Steakhouse, Inc.
P.O. Box 1430
Gaylord, Michigan  49735-0617

         RE:      LETTER AGREEMENT ("LETTER AGREEMENT") CONCERNING FINANCIAL
                  COVENANTS ("COVENANTS")

Gentlemen:

         This Letter Agreement is being written to set forth certain
clarifications and modifications concerning the Covenants. All defined terms in
the Loan Documents (as defined below) shall have the same meaning in this Letter
Agreement. The terms of this Letter Agreement are as follows:

         1. The Tangible Net Worth plus Subordinated Debt of Big Buck Brewery &
Steakhouse, Inc. ("Company") shall be not less than $4,500,000 unless approved
by Wayne County Employees' Retirement System ("WCERS") in its sole discretion.

         2. The Company shall have until January 1, 2003 to meet the Debt
Service Coverage Ratio Covenant set forth in the Loan Documents.

         3. The Company shall have until January 1, 2003 to achieve the Covenant
in the Loan Documents requiring current assets less current liabilities (other
than subordinated debt) shall be not less than $500,000.

         4. The Company shall have until January 1, 2003 to meet all other
Covenants set forth in the Loan Documents unless modified by the parties in
writing.

         5. It is expressly acknowledged and agreed that these modifications are
subject to the Company complying with all other terms of the various loan
documents ("Loan Documents") between the Company and WCERS. If there shall be
any default under the other terms of the Loan Documents, WCERS shall have the
right to demand full compliance with the Covenants and to enforce its rights and
remedies if such compliance is not satisfied by the Company.

         6. The Covenants may not be further amended or modified except by a
writing signed by the parties. Except as amended by this Letter Agreement, the
Loan Documents are restated and republished in their entirety and remain in full
force and effect. This Letter Agreement shall be governed by and construed under
the laws of the State of Michigan. This Letter Agreement shall be binding upon
and shall inure to the benefit of the parties hereto and their permitted
successors and assigns.

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         If the terms of this Letter Agreement meet with your approval, please
indicate by signing below.

                                              Very truly yours,

                                              WAYNE COUNTY EMPLOYEES'
                                              RETIREMENT SYSTEM

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

Agreed to and accepted by:
Big Buck Brewery & Steakhouse, Inc.

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

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