Big Buck Brewery & Steakhouse Inc – ‘10KSB’ for 1/2/00 – EX-10.7

On:  Friday, 3/31/00   ·   For:  1/2/00   ·   Accession #:  912057-0-15696   ·   File #:  0-20845

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Annual Report — Small Business   —   Form 10-KSB
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10KSB       Annual Report -- Small Business                       48    261K 
 3: EX-10.11    Material Contract                                      2     13K 
 4: EX-10.12    Material Contract                                      5     24K 
 5: EX-10.27    Material Contract                                      5     22K 
 6: EX-10.28    Material Contract                                      4     21K 
 7: EX-10.29    Material Contract                                      5     24K 
 8: EX-10.30    Material Contract                                      5     25K 
 9: EX-10.31    Material Contract                                      5     25K 
10: EX-10.32    Material Contract                                      5     25K 
11: EX-10.33    Material Contract                                      3     16K 
12: EX-10.34    Material Contract                                      2     14K 
13: EX-10.35    Material Contract                                      3     17K 
14: EX-10.36    Material Contract                                     19    106K 
15: EX-10.37    Material Contract                                      4     26K 
16: EX-10.38    Material Contract                                      6     35K 
17: EX-10.39    Material Contract                                      6     30K 
 2: EX-10.7     Material Contract                                      2     12K 
18: EX-23.1     Consent of Experts or Counsel                          1      9K 
19: EX-23.2     Consent of Experts or Counsel                          1      9K 
21: EX-27       Financial Data Schedule (Pre-XBRL)                     2      9K 
20: EX-99       Miscellaneous Exhibit                                  9     50K 

EX-10.7   —   Material Contract
Exhibit Table of Contents

EX-10.7
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                                                                    EXHIBIT 10.7

 AMENDMENT
TO
 LEASE AGREEMENT

    THIS AMENDMENT is made and entered into this 27th day of March, 2000, 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 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 (as defined in the Lease
Agreement) during any of the first three Lease Years (as defined in the Lease   
Agreement) in consideration of the Tenant's agreement (i) to lower the amount of
Gross Sales upon which the percentage rent depends and (ii) to shorten the      
period of time during which Gross Sales may trigger the repurchase obligation in
the future.                                                                     

    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 any
of the first three Lease Years.                         

     2.    PERCENTAGE RENT. Paragraph F of the Data Sheet contained within the
      Lease Agreement is restated as follows: "PERCENTAGE RENT: Five
            percent (5%) of Gross Sales on Gross Sales in excess of $1,500,000."

    2.    REPURCHASE OBLIGATION. The first sentence of Section 3.3(b) of the
           Lease Agreement is restated as follows: "Commencing April 11, 2000,
          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."      

[SIGNATURE PAGE FOLLOWS]

EX-10.7
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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 COMPANY       BIG BUCK BREWERY & STEAKHOUSE, INC.     

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

2 

Dates Referenced Herein

				Referenced-On Page
This ‘10KSB’ Filing		Date		First		Last			Other Filings
		4/11/00		1					None on these Dates
Filed on:		3/31/00
For Period End:		1/2/00
		4/11/97		1
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