Document:

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                                                                  Exhibit 10.117

                               SECURITY AGREEMENT
                     (LAKES CONSULTING - LUCKY EAGLE CASINO)

          This Security Agreement is made and entered into on January 19, 2005,
by and between KTTT Enterprises (hereinafter referred to as "Kickapoo" or
"Debtor"), a wholly-owned subsidiary and a governmental instrument of the
Kickapoo Traditional Tribe of Texas ("Kickapoo Tribe"), a federally recognized
Indian tribe, whose business office is located at HCR 1, Box 9700, Eagle Pass,
Texas 78852, and Lakes Kickapoo Consulting, LLC, a Minnesota limited liability
company (hereinafter referred to as "Lakes" or "Secured Party"), whose business
office is located at 130 Cheshire Lane, Minnetonka, Minnesota 55305.

                                    RECITALS

     WHEREAS, the Debtor is created under the laws of and a governmental
instrument of the Kickapoo Tribe, a federally recognized Indian tribe eligible
for the special programs and services provided by the United States to Indians
because of their status as Indians and is recognized as possessing powers of
self-government.

     WHEREAS, the United States government holds lands in the State of Texas in
trust for the benefit of the Kickapoo Tribe over which the Kickapoo Tribe
possesses sovereign governmental powers and the Kickapoo Tribe holds or intends
to acquire interests in lands which constitute "Indian lands" upon which the
Kickapoo Tribe may legally conduct gaming under applicable federal law.

     WHEREAS, Kickapoo, on behalf of the Kickapoo Tribe, operates an established
gaming operation, known as the Kickapoo Lucky Eagle Casino, located near Eagle
Pass, Texas; and this gaming facility conducts Class II Gaming (and will conduct
Class III Gaming activities in the event of federal agency approval of a
Tribal-State Compact between the Kickapoo Tribe and the State of Texas
permitting such gaming).

     WHEREAS, Secured Party has entered into a Gaming Operations Consulting
Agreement with Debtor dated January 19, 2005 (as heretofore and hereafter
amended, the "Consulting Contract"), pursuant to which Lakes is to provide
certain consulting services to Debtor for the Lucky Eagle Casino and related
ancillary facilities as more specifically described therein.

     WHEREAS, pursuant to the Consulting Contract, Secured Party will, among
other things, advance funds to Debtor.

     WHEREAS, as a material inducement to Secured Party to enter into the
Consulting Contract, the Debtor has agreed to execute this Security Agreement in
favor of Secured Party and to grant a security interest to Secured Party in all
of its right, title and interest in the property described herein.

                                    AGREEMENT

     NOW THERFORE, in consideration of the above recitals and the mutual
covenants hereinafter set forth, the parties hereto agree as follows:

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     1. CREATION OF SECURITY INTEREST. The Debtor hereby assigns, pledges and
grants to Secured Party, for and on behalf of Secured Party itself and its
Affiliates, a security interest in the Debtor's right, title and interest in and
to the collateral described in Section 2 hereinbelow in each case whether now
owned or hereafter acquired by Debtor in order to secure the payment and
performance of the obligations of Debtor to Secured Party described in Section 3
herein below. On the date of execution of this Agreement, Debtor shall cause to
be delivered to Secured Party: (a) such financing statements and similar
documents necessary to perfect the security interest granted to Secured Party
pursuant to this Agreement (the "Financing Statements"), and (b) a legal opinion
in form and substances reasonably acceptable to Secured Party, opining as to the
due authorization, execution, delivery and enforceability of this Agreement and
the Financing Statements by Debtor, together with opinions as to Debtor's
sovereign immunity waiver and non-contravention with laws and agreements.

     2. COLLATERAL. The Collateral under this Security Agreement includes all of
the following assets of the Debtor which are or are to be installed, attached,
and/or used upon or in connection with, relate to or arise from (including
without limitation the ownership and/or operation of) the Gaming Facility, the
site of the Gaming Facility, and/or the Project Facilities, each whether now
owned or hereafter acquired (collectively all of the following property and
similar or after-acquired property under this Section 2 being hereinafter
referred to as (the "Collateral").

          (a) any Furnishings and Equipment (as defined in the Consulting
Contract); and

each of the foregoing whether now owned or hereafter at any time acquired by
Debtor and wherever located, and includes all replacements, additions, parts,
appurtenances, accessions, substitutions, repairs, proceeds, products,
offspring, rents and profits, license rights and software attached or relating
thereto or therefrom, and all documents, records, ledger sheets and files of
Debtor relating thereto; together further with all proceeds of any such
Collateral, including, without limitation (i) whatever is now or hereafter
receivable or received by Debtor upon the sale, exchange, collection or other
disposition of any item of Collateral, whether voluntary or involuntary, whether
such proceeds constitute equipment, intangibles, or other assets; (ii) any such
items which are now or hereafter acquired by Debtor with any proceeds of
Collateral hereunder; (iii) all warehouse receipts, bills of lading and other
documents of title now or hereafter covering such goods; and (iii) any insurance
proceeds or any payments under any indemnity, warranty or guaranty now or
hereafter payable by reason of loss or damage or otherwise with respect to any
item of Collateral or any proceeds thereof.

          Capitalized terms used and not otherwise defined herein shall have the
meanings set forth in the Consulting Contract and each category of Collateral
that is defined under the UCC shall have the meanings set forth therein. As they
are used in this Agreement, the terms listed below shall have the following
meanings:

          "UCC" means the Uniform Commercial Code as the same may, from time to
time, be in effect in the State of Texas.

     3. SECURED OBLIGATIONS OF DEBTOR. The Collateral secures and shall
hereafter secure the following, whether now existing or hereafter incurred: (i)
all loans, compensation, fees, expenses and other amounts owing by (a) Debtor to
Secured Party or its Affiliates under or with respect to the KTTT Notes, the
Consulting Contract, this Agreement, and each dominion account

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agreement, mortgage, or other document or instrument in favor of Secured Party
or its Affiliates (as such term is defined in the Consulting Contract) and
related thereto or hereto (collectively, the "Transaction Documents"), and (b)
the Kickapoo Tribe or its Affiliates to Secured Party or its Affiliates under or
with respect to the Tribal Agreement or any other document or agreement executed
in favor of Secured Party or its Affiliates in connection with the Project
Facilities, each of the foregoing, whether now existing or hereafter incurred or
arising; (ii) any and all sums advanced by Secured Party in order to preserve
the Collateral or preserve Secured Party's security interest in the Collateral
(or the priority thereof); and (iii) the expenses of retaking, holding,
preparing for sale or lease, selling or otherwise disposing of or realizing on
the Collateral, of any proceeding for the collection or enforcement of any
indebtedness, obligations or liabilities of Debtor referred to above, or of any
exercise by Secured Party of its rights hereunder, together with reasonable
attorneys' fees and disbursements and court costs (collectively, the "Secured
Obligations"); PROVIDED HOWEVER, Secured Party agrees to terminate this Security
Agreement upon request if Debtor has satisfied the following conditions: (a) all
Secured Obligations have been repaid in full to Secured Party and Secured Party
has no further obligation, if any, to make advances under the Consulting
Contract with respect thereto, and (b) the Consulting Contract has been
terminated in accordance with its terms.

          All payments and performance by Debtor with respect to any Secured
Obligations shall be in accordance with the terms under which said indebtedness,
obligations and liabilities were or are hereafter incurred or created.

     4. DEBTOR'S REPRESENTATIONS AND WARRANTIES. The Debtor represents and
warrants that:

          (a) the Debtor is (or, to the extent that the Collateral is acquired
after the date hereof, will be) the sole legal and beneficial owner of its
respective Collateral and has exclusive possession and control thereof; there
are no security interests in, liens, charges or encumbrances on, or adverse
claims of title to, or any other interest whatsoever in, such Collateral or any
portion thereof except such liens permitted by and subject to the terms of
Section 7.2 of the Consulting Contract and that are created by this Security
Agreement ("Permitted Liens"); and that no financing statement, notice of lien,
mortgage, deed of trust or instrument similar in effect covering the Collateral
or any portion thereof or any proceeds thereof ("Lien Notice") exists or is on
file in any public office, except as relates to Permitted Liens and except as
may have been filed in favor of Secured Party relating to this Security
Agreement or related agreements, or for which duly executed termination
statements have been delivered to Secured Party for filing;

          (b) the Debtor has full right, power and authority to execute, deliver
and perform this Security Agreement. This Security Agreement constitutes a
legally valid and binding obligation of the Debtor, enforceable against the
Debtor in accordance with its terms subject to any limitations set forth in the
Kickapoo Resolution of Limited Waiver dated January 19, 2005 related to and
approving the Transaction Documents (the "Resolution of Limited Waiver").
Subject to the completion of the items identified in Section 4(c) below, the
provisions of this Security Agreement are effective to create in favor of
Secured Party a valid and enforceable first, prior and perfected security
interest in the Collateral;

          (c) except for the filing or recording of the financing statements and

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fixture filings that are to be filed in connection with this Security Agreement,
no authorization, approval or other action by, no notice to or registration or
filing with, any person or entity, including without limitation, any stockholder
or creditor of Debtor or any governmental authority or regulatory body is
required, except as may be agreed to by Debtor and Secured Party: (i) for the
grant by the Debtor of the security interest in the Collateral pursuant to this
Security Agreement or for the execution, delivery or performance of this
Security Agreement by the Debtor, (ii) for the perfection or maintenance of such
security interest created hereby, including the first priority nature of such
security interest, or the exercise by Secured Party of the rights and remedies
provided for in this Security Agreement (other than any required governmental
consent or filing with respect to any patents, trademarks, copyrights,
governmental claims, tax refunds, licenses or permits and the exercise of
remedies requiring prior court approval), or (iii) for the enforceability of
such security interest against third parties, including, without limitation,
judgment lien creditors;

          (d) Debtor does not do business, and for the previous five years has
not done business, under any fictitious business names or trade names;

          (e) the Collateral has not been and will not be used or bought by
Debtor for personal, family or household purposes;

          (f) the Debtor's chief executive office is located at the address
referenced as the first page of this Agreement, Debtor has no places of business
other than such address and the locations described on Exhibit A attached hereto
and the Collateral is now and will at all times hereafter be located at such
premises or as Debtor may otherwise notify Secured Party in writing;

          (g) Intentionally omitted;

          (h) Debtor has not purchased any Collateral, other than for cash,
within twenty-one (21) days prior to the date hereof;

          (i) all originals of all promissory notes, other instruments or
chattel paper which evidence Collateral (other than checks received by Debtor in
the ordinary course of business) have been delivered to Secured Party (with all
necessary or appropriate endorsements); and

          (j) none of the execution, delivery and performance of this Security
Agreement by Debtor, the consummation of the transactions herein contemplated,
the fulfillment of the terms hereof or the exercise by Secured Party of any
rights or remedies hereunder will constitute or result in a breach of any of the
terms or provisions of, or constitute a default under, or constitute an event
which with notice or lapse of time or both will result in a breach of or
constitute a default under, any agreement, indenture, mortgage, deed of trust,
equipment lease, instrument or other document to which Debtor is a party,
conflict with or require approval, authorization, notice or consent under any
law, order, rule, regulation, license or permit applicable to Debtor of any
court or any federal or state government, regulatory body or administrative
agency, or any other governmental body having jurisdiction over Debtor or its
properties, or require notice, consent, approval or authorization by or
registration or filing with any person or entity (including, without limitation,
any stockholder or creditor of Debtor) other than any notices to Debtor from
Secured Party required hereunder except as may be agreed to by Debtor and
Secured Party. Except for the Permitted Liens, none of the Collateral is subject
to any agreement, indenture, mortgage, deed of trust, equipment

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lease, instrument or other document to which Debtor is a party that may restrict
or inhibit Secured Party's rights or ability to sell or dispose of the
Collateral or any part thereof after the occurrence of an Event of Default (as
defined herein).

     5. COVENANTS OF DEBTOR. The Debtor covenants and agrees that:

          (a) Debtor will not move or permit to be moved the Collateral or any
portion thereof to any location other than that set forth in Section 4(f) hereof
or locations established in compliance with Section 5(b) hereof without the
prior written consent of the Secured Party and the prior filing of a financing
statement with the proper office and in the proper form to perfect or continue
the perfection (without loss of priority) of the security interests created
herein, which filing shall be satisfactory in form, substance and location to
Secured Party prior to such filing;

          (b) Debtor will not voluntarily or involuntarily change its name,
identity, corporate structure, or location of its chief executive office or any
of its other places of business, unless in any such case: (i) Debtor shall have
first received the prior written consent of Secured Party, (ii) Debtor shall
have executed and caused to be filed financing statements with the proper
offices and in the proper form to perfect or continue the perfection (without
loss of priority) of the security interests created herein, which filing shall
be satisfactory in form, substance and location to Secured Party prior to such
filing, and (iii) Debtor shall have delivered to Secured Party any other
documents required by Secured Party in a form and substance satisfactory to
Secured Party;

          (c) Intentionally Omitted;

          (d) Debtor will promptly, and in no event later than twenty one (21)
days after a request by Secured Party, procure or execute and deliver all
further instruments and documents (including, without limitation, notices, legal
opinions, financing statements, mortgagee waivers, landlord disclaimers and
subordination agreements) necessary or appropriate to and take any other actions
which are necessary or, in the judgment of Secured Party, desirable or
appropriate to perfect or to continue the perfection, priority and
enforceability of Secured Party's security interests in the Collateral, to
enable Secured Party to exercise and enforce its rights and remedies hereunder
with respect to any Collateral, to protect the Collateral against the rights,
claims or interests of third persons, or to effect or to assure further the
purposes' and provisions of this Security Agreement, and will pay all reasonable
costs incurred in connection therewith. Without limiting the generality of the
foregoing, Debtor will: (i) mark conspicuously each item of chattel paper and
each other contract included in the Collateral with a legend, in form and
substance satisfactory to Secured Party, indicating that such chattel paper and
other contracts are subject to the security interests granted hereby; (ii)
execute and file such financing or continuation statements, or amendments
thereto, and such other instruments or notices as may be necessary or desirable,
which Secured Party may reasonably request in order to perfect and preserve the
perfection and priority of the security interests granted or purported to be
granted hereby; (iii) if any Collateral shall be evidenced by a promissory note
or other instrument or chattel paper (other than checks received by any Debtor
in the ordinary course of business), deliver and pledge to Secured Party such
note or instrument or chattel paper duly endorsed and accompanied by duly
executed instruments of transfer or assignment, all in form and substance
reasonably satisfactory to Secured Party; (iv) if any Collateral is at any time
in the possession or control of any warehouseman, bailee, consignee or any of
Debtor's agents or processors, Debtor shall notify such warehouseman, bailee,
consignee, agent or processor of the

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security interests created or purported to be created hereby, shall cause such
warehouseman, bailee, consignee, agent or processor to execute any financing
statements or other documents which Secured Party may request, and, upon the
request of Secured Party after the occurrence and during the continuation of an
Event of Default, shall instruct such person to hold all such Collateral for
Secured Party's account subject to Secured Party's instructions; (v) deliver and
pledge to Secured Party all securities and instruments (other than checks
received by Debtor in the ordinary course of business) constituting Collateral
duly endorsed and accompanied by duly executed instruments of transfer or
assignments, all in form and substance satisfactory to Secured Party; and (vi)
at the request of Secured Party, deliver to Secured Party any and all
certificates of title, applications for title or similar evidence of ownership
of all Collateral and shall cause Secured Party to be named as lienholder on any
such certificate of title or other evidence of ownership;

          (e) without the prior written consent of Secured Party, Debtor will
not in any way encumber, or hypothecate, or create or permit to exist, any lien,
security interest, charge or encumbrance or adverse claim upon or other interest
in the Collateral, except for liens permitted by and subject to the terms of
Section 7.2 of the Consulting Contract ("Permitted Liens"), and the Debtor will
defend the Collateral against all claims and demands of all persons at any time
claiming the same or any interest therein, except as expressly provided herein.
Debtor will not permit any Lien Notices to exist or be on file in any public
office with respect to all or any portion of the Collateral except, in each
case, for Lien Notices of holders of Permitted Liens or except as may have been
filed by or for the benefit of Secured Party relating to this Security Agreement
or related agreements. Debtor shall promptly notify Secured Party of any
attachment or other legal process levied against any of the Collateral and any
information received by any Debtor relative to the Collateral, which may in any
material way affect the value of the Collateral or the rights and remedies of
Secured Party in respect thereto;

          (f) without the prior written consent of Secured Party, Debtor will
not sell, transfer, assign (by operation of law or otherwise), exchange or
otherwise dispose of all or any portion of the Collateral or any interest
therein, except that the Debtor may sell worn-out or obsolete equipment provided
that the proceeds thereof are applied to the Secured Obligations or used to
purchase new collateral of equal or greater value and the Secured Party shall be
granted a first priority security interest therein. If the proceeds of any such
prohibited sale are notes, instruments, documents of title, letters of credit or
chattel paper, such proceeds shall be promptly delivered to Secured Party to be
held as Collateral hereunder (with all necessary or appropriate endorsements).
If the Collateral, or any part thereof or interest therein, is sold,
transferred, assigned, exchanged, or otherwise disposed of in violation of these
provisions, the security interest of Secured Party shall continue in such
Collateral or part thereof notwithstanding such sale, transfer, assignment,
exchange or other disposition, and Debtor will hold the proceeds thereof in a
separate account for Secured Party's benefit. Debtor will, at Secured Party's
request, transfer such proceeds to Secured Party in kind;

          (g) Secured Party is hereby authorized to file one or more financing
statements or fixture filings, and continuations thereof and amendments thereto,
relative to all or any part of the Collateral, without the signature of Debtor
where permitted by law;

          (h) Except as expressly permitted by the Consulting Contract, Debtor
will

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not enter into any indenture, mortgage, deed of trust, contract, undertaking,
document, instrument or other agreement, except for the Consulting Contract and
any documents, instruments or agreements related thereto or issue any securities
which may materially restrict or inhibit Secured Party's rights or ability to
sell or otherwise dispose of the Collateral or any part thereof after the
occurrence of an Event of Default;

          (i) The Debtor shall cause to be maintained insurance on the Project
Facilities and related assets with such coverages and in such amounts as are
reasonably satisfactory to Secured Party, including without limitation, loss of
business income coverage, and naming Secured Party as an additional insured,
lender loss payee and mortgagee, if applicable. Upon request, the Debtor shall
provide to the Secured Party certificates of insurance or copies of insurance
policies evidencing that such insurance is in effect at all times.;

          (j) Except as expressly permitted by the Consulting Contract, the
Debtor will pay and discharge all taxes, assessments and governmental charges or
levies against the Collateral prior to delinquency thereof and will keep the
Collateral free of all unpaid claims and charges (including claims for labor,
materials and supplies) whatsoever;

          (k) Debtor will keep and maintain the Collateral in good condition,
working order and repair and from time to time will make or cause to be made all
repairs, replacements and other improvements in connection therewith that are
necessary or desirable toward such end. Debtor will not misuse or abuse the
Collateral, or waste or allow it to deteriorate except for the ordinary wear and
tear of its normal and expected use in Debtor's business in accordance with
Debtor's policies as then in effect (provided that no changes are made to
Debtor's policies as in effect on the date hereof that would be materially
adverse to the interests of the Secured Party), and will comply with all laws,
statutes and regulations pertaining to the use or ownership of the Collateral.
Debtor will promptly notify Secured Party regarding any material loss or damage
to any material Collateral or portion thereof;

          (l) The Debtor will take all actions consistent with reasonable
business judgment or, upon the occurrence of an Event of Default, directed by
Secured Party in Secured Party's sole and absolute discretion, to create,
preserve and enforce any liens or guaranties available to secure or guaranty
payments due Debtor under any contracts or other agreements with third parties,
will not voluntarily permit any such payments to become more than thirty (30)
days delinquent and will in a timely manner record and assign to Secured Party,
to the extent and at the earliest time permitted by law, any such liens and
rights to under such guaranties;

          (m) Intentionally omitted;

          (n) Intentionally omitted;

          (o) Secured Party shall have during normal business hours, with
reasonable notice, the right to enter into and upon any premises where any of
the Collateral or records with respect thereto are located for the purpose of
inspecting the same, performing any audit, making copies of records, observing
the use of any part of the Collateral, or otherwise protecting its security
interest in the Collateral;

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          (p) Secured Party shall have the right at any time, but shall not be
obligated, to make any payments and do any other acts Secured Party may deem
necessary or desirable to protect its security interest in the Collateral,
including, without limitation, that after the occurrence of an Event of Default
the right to pay, purchase, contest or compromise any encumbrance, charge or
lien (including any Permitted Liens) applicable or purported to be applicable to
any Collateral hereunder, and whether prior to or after the occurrence of any
Event of Default, appear in and defend any action or proceeding purporting to
affect its security interest in and/or the value of any Collateral, and in
exercising any such powers or authority, the right to pay all expenses incurred
in connection therewith, including attorneys' fees. Debtor hereby agrees that it
shall be bound by any such payment made or incurred or act taken by Secured
Party hereunder and shall reimburse Secured Party for all reasonable payments
made and expenses incurred under this Security Agreement, which amounts shall be
secured under this Security Agreement. Secured Party shall have no obligation to
make any of the foregoing payments or perform any of the foregoing acts;

          (q) if any Debtor shall become entitled to receive or shall receive
any certificate, instrument, option or rights, whether as an addition to, in
substitution of, or in exchange for any or all of the Collateral or any part
thereof, or otherwise, Debtor shall accept any such instruments as Secured
Party's agent, shall hold them in trust for Secured Party, and shall deliver
them forthwith to Secured Party in the exact form received, with Debtor's
endorsement when necessary or appropriate, or accompanied by duly executed
instruments of transfer or assignment in blank or, if requested by Secured
Party, an additional pledge agreement or security agreement executed and
delivered by Debtor, all in form and substance satisfactory to Secured Party, to
be held by Secured Party, subject to the terms hereof, as additional Collateral
to secure the obligations hereunder;

          (r) Secured Party is hereby authorized to pay all reasonable costs and
expenses incurred in the exercise or enforcement of its rights hereunder,
including attorneys' fees, and to apply any Collateral or proceeds thereof
against such amounts, and then to credit or use any further proceeds of the
Collateral in accordance herewith; provided however that if the Debtor is the
prevailing party in any action or proceeding seeking enforcement of this
Agreement, then the Debtor shall not be and Secured Party shall be responsible
for such related costs and expenses; and

          (s) Secured Party may take any actions permitted hereunder or in
connection with the Collateral by or through agents or employees and shall be
entitled to retain counsel and to act in reliance upon the advice of counsel
concerning all such matters.

     6. DEFAULTS AND REMEDIES

     6.1 EVENTS OF DEFAULT. Each of the following occurrences shall constitute
an Event of Default:

          (a) Any material representation or warranty made by or on behalf of
the Debtor herein or in any report, certificate or other document furnished by
or on behalf of the Debtor pursuant to this Agreement shall prove to be false or
misleading in any material respect when made or at any time shall fail to be
true and correct in all material respects.

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          (b) The Debtor shall default in the due observance or performance of
any of its material obligations hereunder and such default shall continue for
thirty (30) days (unless a shorter or longer cure period is provided under the
terms of this Agreement) after written notice thereof has been sent to the
Debtor by Secured Party; provided, however, that if the nature of such default
(but specifically excluding defaults curable by the payment of money) is such
that it is not possible to cure such breach within thirty (30) days, such 30-day
period shall be extended for so long as the Debtor shall be using diligent
efforts to effect a cure thereof but no more than an additional sixty (60) days.

          (c) A Material Breach (as defined in the Consulting Contract) or an
"Event of Default" (as defined in any other Transaction Document) shall occur.

     6.2 REMEDIES. Upon the occurrence and continuation of an Event of Default
hereunder, the Debtor expressly covenants and agrees that Secured Party may, at
its option, in addition to other rights and remedies provided herein or
otherwise available to it, without notice to or demand upon Debtor (except as
otherwise required herein), exercise any one or more of the rights as set forth
as follows:

          (a) declare all advances made by Secured Party to Debtor hereunder,
all other indebtedness owed by Debtor to Secured Party and all Secured
Obligations to be immediately due and payable, whereupon all unpaid principal
and interest on said advances and other indebtedness and Secured Obligations
shall become and be immediately due and payable;

          (b) if the Consulting Contract is terminated and either (i) the Gaming
Facility has not opened for business to the general public, or (ii) the Debtor
does not or at any time fails to continue operations of Class II Gaming and/or
Class III Gaming at the Gaming Facility or any material portion of the Project
Facilities, Secured Party may immediately take possession of any of the
Collateral wherever it may be found or require the Debtor to assemble the
Collateral or any part thereof and make it available at one or more places as
Secured Party may designate, and to deliver possession of the Collateral or any
part thereof to Secured Party, who shall have full right to enter upon any or
all of Debtor's places of business, premises and property to exercise Secured
Party's rights hereunder; and without notice (except as specified below), sell
the Collateral or any part thereof in one or more parcels at one or more public
or private sales, at any of Secured Party's offices or elsewhere, at such time
or times, for cash, on credit or for future delivery, and at such price or
prices and upon such other terms as shall be commercially reasonable. The Debtor
acknowledges and agrees that, to the extent notice of sale shall be required by
law, at least ten (10) days' written notice to Debtor of the time and place of
any public sale or of the date on or after which any private sale is to be made
shall constitute reasonable notification. Any public sale shall be held at such
time or times during ordinary business hours and at such place or places as
Secured Party may fix in the notice of such sale. Notwithstanding the foregoing,
Secured Party shall not be obligated to make any sale of Collateral regardless
of notice of sale having been given. Secured Party may, without notice or
publication, adjourn any public or private sale, or cause the same to be
adjourned from time to time by announcement at the time and place fixed for sale
or, with respect to a private sale, after which such sale may take place, and
any such sale may, without further notice, be made at the time and place to
which it was so adjourned or, with respect to a private sale, after which such
sale may take place. Each purchaser at any such sale shall hold the property
sold free from any claim or right

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on the part of Debtor, and the Debtor hereby waives, to the full extent
permitted by law, all rights of stay and/or appraisal which Debtor now has or
may at any time in the future have under any rule of law or statute now existing
or hereafter enacted. The Debtor also hereby waives any claims against Secured
Party arising by reason of the fact that the price at which any Collateral may
have been sold at a private sale was less than the price which might have been
obtained at a public sale, even if Secured Party accepts the first offer
received and does not offer such Collateral to more than one offeree. The
parties hereto agree that the notice provisions, method, manner and terms of any
sale, transfer or disposition of any Collateral in compliance with the terms set
forth herein or any other provision of this Security Agreement are commercially
reasonable;

          (c) exercise any or all of the rights and remedies provided for by the
Texas Uniform Commercial Code, applicable law or by other agreement,
specifically including, without limitation, the right to recover the attorneys'
fees and other expenses incurred by Secured Party in the enforcement of this
Security Agreement or in connection with the Debtor's redemption of the
Collateral; provided however that if the Debtor is the prevailing party in any
action or proceeding seeking enforcement of this Agreement, then the Debtor
shall not be and Secured Party shall be responsible for such related costs and
expenses. Secured Party may exercise its rights under this Security Agreement
independently of any other collateral or guaranty that Debtor may have granted
or provided to Secured Party in order to secure payment and performance of the
Secured Obligations, and Secured Party shall be under no obligation or duty to
foreclose or levy upon any other collateral given by Debtor to secure any
Secured Obligation or to proceed against any guarantor before enforcing its
rights under this Security Agreement. The Debtor shall reimburse Secured Party
upon demand for, or Secured Party may apply any proceeds of Collateral to, the
reasonable costs and expenses (including attorneys' fees, transfer taxes and any
other charges) incurred by Secured Party in connection with any sale,
disposition, repair, replacement, alteration, addition, improvement or retention
of any Collateral hereunder; provided however that if the Debtor is the
prevailing party in any action or proceeding seeking enforcement of this
Agreement, then the Debtor shall not be and Secured Party shall be responsible
for such related costs and expenses;;

          (d) the powers conferred on the Secured Party by this Section 6.2 and
otherwise in this Agreement are solely to protect the Secured Party's interests
in the Collateral and shall not impose any duty upon it to exercise any such
powers. The Secured Party shall be accountable only for amounts that it actually
receives as a result of the exercise of such powers, and neither the Secured
Party nor any of their officers, directors, trustees, employees, representatives
or agents shall, in the absence of willful misconduct or gross negligence, be
responsible to the Debtor for any act or failure to act pursuant to this Section
6.2 or otherwise pursuant to this Agreement; and

          (e) The Secured Party's sole duty with respect to the custody,
safekeeping and preservation of the Collateral, under Section 9-207 of the Code
or otherwise, shall be to deal with it in the same manner as the Secured Party
deals with similar property for their own account. Neither the Secured Party nor
any of their directors, officers, trustees, employees, representatives, or
agents shall be liable for failure to demand, collect or realize upon all or any
part of the Collateral or for any delay in doing so or shall be under any
obligation to sell or otherwise dispose of any Collateral upon the request of
the Debtor or otherwise.

     7. MISCELLANEOUS PROVISIONS

                                  Page 10 of 15

<PAGE>

          (a) Notices. All notices, requests, approvals, consents and other
communications required or permitted to be made hereunder shall, except as
otherwise provided, be in writing and may be delivered personally or sent by
telegram, telecopy, facsimile, telex, first class mail or overnight courier,
postage prepaid, to the parties addressed as follows:

     If to Debtor:          KTTT Enterprises
                            ATTN: Juan Garza, Jr., Council Chairman
                            HCR 1, Box 9700
                            Eagle Pass, Texas 78852
                            (830) 757-9228 (Fax)

     With a copy to:        Roy Bernal, Tribal Administrator
                            Kickapoo Traditional Tribe of Texas
                            HCR 1, Box 9700
                            Eagle Pass, Texas 78852
                            (830) 757-9228 (Fax)

     and                    Gloria E. Hernandez, Tribal Attorney
                            HCR 1, Box 9700
                            Eagle Pass, Texas 78852
                            (830) 757-9228 (Fax)

     If to Secured Party:   Lakes Kickapoo Consulting, LLC
                            130 Cheshire Lane
                            Minnetonka, MN
                            Attention: Timothy J. Cope

     With a copy to:        Kevin C. Quigley, Esq.
                            Hamilton Quigley Twait & Foley PLC
                            W1450 First National Bank Building
                            332 Minnesota Street
                            St. Paul, MN 55101-1314

     and                    Brian J. Klein, Esq.
                            Maslon, Edelman, Borman & Brand, LLP
                            3300 Wells Fargo Center
                            90 South Seventh Street
                            Minneapolis, MN 55402-4140

Such notices, requests and other communications sent as provided hereinabove
shall be effective when received by the addressee thereof, unless sent by
registered or certified mail, postage prepaid, in which case they shall be
effective exactly three (3) business days after being deposited in the United
States mail. The parties hereto may change their addresses by giving notice
thereof to the other parties hereto in conformity with this section.

                                  Page 11 of 15

<PAGE>

          (b) Headings. The various headings in this Security Agreement are
inserted for convenience only and shall not affect the meaning or interpretation
of this Security Agreement or any provision hereof.

          (c) Amendments. This Security Agreement or any provision hereof may be
changed, waived, or terminated only by a statement in writing signed by the
party against which such change, waiver or termination is sought to be enforced,
and then any such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given.

          (d) No Waiver. No failure on the part of Secured Party to exercise,
and no delay in exercising, and no course of dealing with respect to, any power,
privilege or right under this Security Agreement or any related agreement shall
operate as a waiver thereof nor shall any single or partial exercise by Secured
Party of any power, privilege or right under this Security Agreement or any
related agreement preclude any other or further exercise thereof or the exercise
of any other power, privilege or right. The powers, privileges and rights in
this Security Agreement are cumulative and are not exclusive of any other
remedies provided by law. No waiver by Secured Party of any default hereunder
shall be effective unless in writing, nor shall any waiver operate as a waiver
of any other default or of the same default on a future occasion.

          (e) Binding Agreement. All rights of Secured Party hereunder shall
inure to the benefit of its successors and assigns. Subject to the terms of the
Consulting Contract, Debtor shall not assign any of their respective interest
under this Security Agreement without the prior written consent of Secured
Party. Any purported assignment inconsistent with this provision shall, at the
option of Secured Party, be null and void.

          (f) Entire Agreement. This Security Agreement, together with any other
agreement executed in connection herewith, is intended by the parties as a final
expression of their agreement and is intended as a complete and exclusive
statement of the terms and conditions thereof; and shall supersede and replace
the parties prior Security Agreement (consulting) dated December 29, 2004
relating to the Project Facilities. Acceptance of or acquiescence in a course of
performance rendered under this Security Agreement shall not be relevant to
determine the meaning of this Security Agreement even though the accepting or
acquiescing party had knowledge of the nature of the performance and opportunity
for objection.

          (g) Severability. If any provision or obligation of this Security
Agreement should be found to be invalid, illegal, or unenforceable in any
jurisdiction, the validity, legality and enforceability of the remaining
provisions and obligations or any other agreement executed in connection
herewith, or of such provision or obligation in any other jurisdiction, shall
not in any way be affected or impaired thereby and shall nonetheless remain in
full force and effect to the maximum extent permitted by law.

          (h) Survival of Provisions. All representations, warranties and
covenants of Debtor contained herein shall survive the execution and delivery of
this Security Agreement, and shall terminate only upon the termination of this
Security Agreement pursuant to Subsection 7(k) hereof.

          (i) Power of Attorney. The Debtor hereby irrevocably appoints Secured

                                  Page 12 of 15

<PAGE>

Party its attorney-in-fact, which appointment is coupled with an interest, with
full authority in the place and stead of Debtor and in the name of Debtor,
Secured Party or otherwise, from time to time in Secured Party's discretion (a)
to execute and file financing and continuation statements (and amendments
thereto and modifications thereof) on behalf and in the name of the Debtor with
respect to the security interests granted or purported to be granted hereby, (b)
to take any action and to execute any instrument which Secured Party may deem
necessary or advisable to exercise its rights under Section 5(p) hereunder, and
(c) upon the occurrence and during the continuance of an Event of Default, to
take any action and to execute any instrument which Secured Party may deem
necessary or advisable to accomplish the purposes of this Security Agreement,
including, without limitation:

               (i) to obtain and adjust insurance required to be paid to Secured
Party pursuant hereto;

               (ii) to ask, demand, collect, sue for, recover, compound, receive
and give acquittance and receipts for moneys due and to become due under or in
respect of any of the Collateral;

               (iii) to receive, endorse and collect any drafts or other
instruments, documents and chattel paper, in connection with clauses (i) and
(ii) above;

               (iv) to sell, convey or otherwise transfer any item of Collateral
to any purchaser thereof; and

               (v) to file any claims or take any action or institute any
proceedings which Secured Party may deem necessary or desirable for the
collection of any of the Collateral or otherwise to enforce the rights of
Secured Party with respect to any of the Collateral.

          (j) Counterparts. This Security Agreement and any amendments, waivers,
consents or supplements may be executed in any number of counterparts and by
facsimile, each of which when so executed and delivered shall be deemed an
original, but all of which shall together constitute one and the same agreement.

          (k) Termination of Agreement. Unless earlier terminated pursuant to
Section 3 hereof, this Security Agreement and the security interest hereunder
shall not terminate until full and final payment and performance of all
indebtedness and obligations secured hereunder. At such time, Secured Party
shall reassign and redeliver to Debtor all of the Collateral hereunder which has
not been sold, disposed of, retained or applied by Secured Party in accordance
with the terms hereof, and execute and deliver to Debtor such documents as
Debtor may reasonably request to evidence such termination. Such reassignment
and redelivery shall be without warranty by or recourse to Secured Party, and
shall be at the expense of Debtor; provided however, that this Security
Agreement (including all representations, warranties and covenants contained
herein) shall continue to be effective or be reinstated, as the case may be, if
at any time any amount received by Secured Party in respect of the indebtedness
and obligations secured hereunder is rescinded or must otherwise be restored or
returned by Secured Party upon or in connection with the insolvency, bankruptcy,
dissolution, liquidation or reorganization of Debtor or any other person or upon
or in connection with the appointment of any intervenor or conservator of, or
trustee or similar official for, Debtor or any other person or any substantial
part of its assets, or otherwise, all as though such payments had not

                                  Page 13 of 15

<PAGE>

been made.

          (l) Sovereign Immunity Waiver; Arbitration; Submission to
Jurisdiction. This Agreement constitutes the security agreement referred to in
Section 3.1(g) of the Consulting Contract. As such and without limiting the
scope of such agreements, the provisions of Article 10 of the Consulting
Contract apply to this Agreement and are hereby incorporated by reference,
including, without limitation, the limited sovereign immunity waiver,
limitations on recourse and arbitration provisions contained therein and the
Resolution of Limited Waiver. This Agreement will be governed by the internal
laws of the State of Texas without giving effect to its conflict of laws
principles. The parties hereto may not change the law governing this Agreement
without express written consent of the Debtor and Secured Party.

         [THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK.]

                                  Page 14 of 15

<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Security
Agreement to be duly executed and delivered under seal by their respective
undersigned duly authorized officers as of the date first above written.

                                        DEBTOR:
                                        KTTT ENTERPRISES

ATTEST:

By: /s/ Juan Garza JR                   By: /s/ Rogelio Elizondo
    ---------------------------------       ------------------------------------
Name: Juan Garza JR                     Name: Rogelio Elizondo
      -------------------------------         ----------------------------------
Its: Chairman                           Title: Treasurer
     --------------------------------          ---------------------------------

                                        SECURED PARTY:
                                        LAKES KICKAPOO CONSULTING, LLC

ATTEST:

By: /s/ Jesus Anico                     By: /s/ Timothy Cope
    ---------------------------------       ------------------------------------
Name: Jesus Anico                       Name: Timothy J. Cope
      -------------------------------   Title: President and Chief Financial
Its: Secretary                                 Officer
     --------------------------------

       [Signature Page to Kickapoo Security Agreement - Lucky Eagle Casino
                   in favor of Lakes Kickapo Consulting, LLC]

<PAGE>

                                    EXHIBIT A
                                       TO
                               SECURITY AGREEMENT
                     (KTTT ENTERPRISES COLLATERAL LOCATIONS)

1. THE KICKAPOO LUCKY EAGLE CASINO COMPLEX LOCATED NEAR EAGLE PASS, TEXAS, USA<PAGE>
                                                                  Exhibit 10.118

                                TRIBAL AGREEMENT
                        (LAKES MANAGEMENT - LUCKY EAGLE)

     THIS TRIBAL AGREEMENT (hereinafter referred to as the "Agreement") is made
as of January 19, 2005 ("Effective Date") by and among the Kickapoo Traditional
Tribe of Texas ("Kickapoo Tribe"), a federally recognized Indian tribe, and
Lakes Kickapoo Management, LLC, a Minnesota limited liability company ("Lakes
Management").

                                    RECITALS

     A. The Kickapoo Tribe is a federally recognized Indian tribe eligible for
the special programs and services provided by the United States to Indian
tribes, and is recognized as possessing and exercising powers of
self-government. The Kickapoo Tribe has established KTTT Enterprises
("Kickapoo"), a wholly-owned subsidiary of and a governmental instrument of the
Kickapoo Tribe, as the legal entity which will own and operate the gaming
projects which are to be developed by the Kickapoo Tribe.

     B. Lakes Management has entered into a Management Agreement with Kickapoo
dated January 19, 2005 (as amended from time to time, the "Management
Contract"), pursuant to which Lakes Management is to provide certain management
services to Kickapoo with respect to the Kickapoo Lucky Eagle Casino and related
ancillary facilities owned by Kickapoo on behalf of the Kickapoo Tribe as
described with specificity therein.

     C. Pursuant to the terms of the Management Contract, the Kickapoo Tribe is
required to execute and deliver this Agreement to induce Lakes Management to
enter into the Management Contract together with certain additional documents
and agreements referred to therein or related thereto.

     D. The Kickapoo Tribe and Lakes Management intend that this Agreement shall
be operative and binding upon the date of execution by the parties (the
"Effective Date"); and shall supersede and replace the parties prior Tribal
Agreement dated December 29, 2004 relating to the Project Facilities and the
Management Contract.

     NOW, THEREFORE, in consideration of the hereinafter mutual promises and
covenants, and for other good and valuable consideration as set forth herein,
the receipt and sufficiency of which are expressly acknowledged, the Kickapoo
Tribe and Lakes Management agree as follows:

                                      -1-

<PAGE>

                                    ARTICLE 1

                                   DEFINITIONS

     Except as otherwise defined below or in the recitals to this Agreement,
terms used in this Agreement shall have the meanings set forth in the Management
Contract and/or the other documents and agreements executed by Kickapoo with
respect thereto:

     "Claim" means any dispute, claim, question, or disagreement between either
the Kickapoo and any of Lakes Management or any of its Affiliates that is
directly or indirectly related to this Agreement, any of the other Transaction
Documents, a Gaming Project or any Project Facilities, whether arising under law
or in equity, whether arising as a matter of contract or a tort, and whether
arising during or after the expiration of this Agreement or any of the other
Transaction Documents.

     "Gaming Project" shall have the meaning set forth in Section 2.1(n) hereof.

     "Kickapoo Entities" means individually and collectively, each of Kickapoo
and the Kickapoo Tribe.

     "Transaction Documents" means individually and collectively, this Agreement
and each of the Management Contract, the Operating Note, the security
agreements, dominion account agreements, mortgages, resolutions of limited
waiver and each other document or instrument now or hereafter executed by the
Kickapoo Tribe in favor of Lakes Management or its respective Affiliates and
related thereto or hereto or any Gaming Projects.

                                    ARTICLE 2

                         REPRESENTATIONS AND WARRANTIES

     Section 2.1 Representations and Warranties. The Kickapoo Tribe represents
and warrants to Lakes Management that:

     (a)  Organization. Kickapoo is a wholly-owned and duly organized subsidiary
          of and a duly organized governmental instrument of the KickapooTribe,
          and the Kickapoo Tribe is a federally recognized Indian tribe eligible
          to conduct gaming within the meaning of IGRA.

     (b)  Authority and Power. The Kickapoo Tribe and Kickapoo have taken all
          action required by tribal or other law without the necessity of
          further action as is necessary to authorize the applicable Kickapoo
          Entity to execute, deliver and perform each of the Transaction
          Documents that such Kickapoo Entity is party to. Each Kickapoo Entity
          that is a party to any of the Transaction Documents has all requisite
          power and authority to enter into the Transaction Documents to the
          extent a party thereto and to perform its respective obligations
          thereunder, and to consummate all other transactions contemplated
          thereby.

                                      -2-

<PAGE>

     (c)  Binding Obligations. Each of Transaction Documents (i) has been duly
          executed and delivered by each Kickapoo Entity to the extent it is a
          party thereto, and (ii) constitutes the legal, valid, binding,
          perfected and enforceable obligation of each Kickapoo Entity to the
          extent it is a party thereto, enforceable in accordance with its
          respective terms, except as enforceability may be limited by future
          bankruptcy, insolvency or similar proceedings, limitations on rights
          of creditors generally and principles of equity, and assuming the
          foregoing agreements are binding against the other parties thereto.

     (d)  Gaming Facility Site. The Gaming Facility Site for the Project
          constitutes "Indian lands" upon which the Kickapoo Tribe may legally
          conduct gaming under IGRA.

     (e)  Gaming Permitted. The Kickapoo Tribe is legally permitted to conduct
          Class II Gaming (and Class III Gaming in the event of a Compact)
          activities in the State under all Legal Requirements,

     (f)  Gaming Rights. Once signed by the Kickapoo Tribe and the State and
          approved and published by the United States Secretary of the Interior,
          the Compact will be in effect and will be a valid and binding
          obligation of the Kickapoo Tribe. Kickapoo will then have the right to
          engage in Class III Gaming at the Gaming Facility to be operated by
          Kickapoo to the extent set forth in the Compact.

     (g)  Gaming Licenses. All licenses, permits, approvals or other authority
          required from the Gaming Commission to permit Lakes Management to
          enter into any of the Transaction Documents to which it is a party and
          perform its respective obligations thereunder have been granted.

     (h)  No Material Negative Obligations. There are no outstanding obligations
          owing by Kickapoo or the Kickapoo Tribe or affecting the Gaming
          Facility Site or the Project and the Project Facilities, whether
          arising from contracts, instruments, orders, judgments, decrees or
          otherwise, that are likely to materially and adversely affect the
          Project Facilities or the obligations or rights of Lakes Management
          under any of the Transaction Documents to which it is a party.

     (i)  No Violation or Conflict. The execution, delivery and performance by
          the applicable Kickapoo Entity of each Transaction Documents that such
          Kickapoo Entity is party to does not violate any Legal Requirements
          nor conflict with or result in any breach of any provision of, or
          constitute a default under, or result in the imposition of any lien or
          charge upon any asset of any Kickapoo Entity, including without
          limitation the Project or the Project Facilities, or result in the
          acceleration of any obligation of any Kickapoo Entity under the terms
          of any agreement or document binding upon such party, other than a
          conflict, breach, default or imposition as shall not materially
          adversely affect the Project or the obligations or rights of Lakes
          Management under any of the Transaction Documents to which it is a
          party.

                                      -3-

<PAGE>

     (j)  No Litigation. There are no judgments entered, or actions, suits,
          investigations or proceedings pending, or to the knowledge of any
          Kickapoo Entity, threatened, against any Kickapoo Entity or their
          respective Affiliates, or any of the assets or properties of any of
          such entities, that could have a material adverse effect on the
          Project, the Project Facilities, or any Kickapoo Entity's ability to
          enter into or perform any of the Transaction Documents to the extent
          it is a party thereto.

     (k)  No Consents. No consent from any Governmental Authority arising from
          any Legal Requirements not heretofore obtained by Kickapoo is required
          to execute, deliver and perform its obligations hereunder.

     (l)  Full Disclosure. No representation or warranty of any Kickapoo Entity
          in this Agreement or the other Transaction Documents and no report or
          statement delivered to any of Lakes Management or its respective
          Affiliates by or on behalf of any Kickapoo Entity, contains any untrue
          statement or omits to state a material fact necessary to make any such
          representation, warranty, report or statement, in light of the
          circumstances in which they were made, not misleading. Each Kickapoo
          Entity has fully disclosed to Lakes Management the existence and terms
          of all material agreements and Legal Requirements, written or oral,
          relating to any particular Project.

     (m)  No Tribal Tax. Neither the Project, Project Facilities nor the
          transaction(s) between the parties contemplated by the Transaction
          Document are now, or at any time during the term of this Agreement
          will be, subject to any tribal tax of any sort other than (i)
          reasonable pass-through taxes on Project Facilities patrons which are
          consistent with gaming resort industry practices, and (ii) license or
          other fees for background investigations performed by the Gaming
          Commission of "key employees" and "primary management officials" of
          the Gaming Facility, as defined in 25 C.F.R. Section 502.14 and 25
          C.F.R. Section 502.19, and reasonable and customary regulatory fees
          imposed on the Gaming Facility by the Gaming Commission (which amounts
          shall be subject to an annually approved budget submitted by the
          Gaming Commission).

     (n)  Gaming Project Ownership. Except as otherwise expressly excluded under
          the Transaction Documents, all gaming projects and gaming and
          non-gaming assets and facilities related or ancillary thereto (each
          collectively referred to herein as a "Gaming Project") of the Kickapoo
          Tribe are/will be owned and operated by Kickapoo, or if any Gaming
          Project is owned by another subsidiary of the Kickapoo Tribe, then (i)
          if the Gaming Project constitutes the Project, Gaming Facility and
          Project Facilities described and defined in the Management Contract,
          such subsidiary has entered into a Management Contract and related
          documents with Lakes Management and/or its Affiliates with respect
          thereto on the same terms and conditions as are set forth in the
          Management Contract and the other Transaction Documents unless
          otherwise agreed to in writing by Lakes or its

                                      -4-

<PAGE>

          Affiliate, and has otherwise satisfied the terms and conditions
          required by Section 3.1 (f) hereof, or (ii) with respect to any other
          Gaming Projects, such subsidiary has entered into a written agreement
          with Lakes Management and/or its Affiliates granting such entity the
          same right of first refusal to manage such projects as has been
          granted to Lakes Management under the terms of Section 9.21 of the
          Management Contract, and has otherwise satisfied the required
          conditions each as set forth in Section 3.1(f) hereof.

                                    ARTICLE 3

                                    COVENANTS

Section 3.1 Covenants. The Kickapoo Tribe covenants and agrees as follows:

     (a)  Additional Documents. It shall or shall cause Kickapoo to execute any
          additional instruments as may be reasonably required by Lakes
          Management to carry out the intent of any of the Transaction Documents
          or to perfect or give further assurance of any of the rights granted
          or provided for under such Transaction Documents.

     (b)  Non-Impairment. It shall not and shall not permit Kickapoo or any of
          their other governmental instrumentalities or subsidiaries to enact
          any law, ordinance, rule or regulation impairing the rights or
          obligations of any Kickapoo Entity or any of Lakes Management or its
          respective Affiliates under any of the Transaction Documents.

     (c)  Records. It shall or shall cause Kickapoo to maintain or cause to be
          maintained full and accurate accounts and records for the Project and
          its Project Facilities according to GAAP.

     (d)  No Liens. Except as otherwise expressly permitted by the Transaction
          Documents, it shall not and shall not permit Kickapoo or any of its
          other governmental instrumentalities or subsidiaries to cause or
          voluntarily permit any lien or encumbrance to be created on the
          Project Facilities or the Gaming Facility Site.

     (e)  No Tax. It shall not and shall not permit Kickapoo or any of their
          other governmental instrumentalities or subsidiaries to impose any
          tax, fee or assessment on any of Lakes Management, its respective
          Affiliates, any Contractor, the Project and its Project Facilities,
          and/or any of the Transaction Documents other than (i) reasonable
          pass-through taxes on Project Facilities patrons which are consistent
          with gaming resort industry practices, and (ii) license or other fees
          for background investigations performed by the Gaming Commission of
          "key employees" and "primary management officials" of the Gaming
          Facility, as defined in 25 C.F.R.

                                      -5-

<PAGE>

          Section 502.14 and 25 C.F.R. Section 502.19, and reasonable and
          customary regulatory fees imposed on the Gaming Facility by the Gaming
          Commission (which amounts shall be subject to an annually approved
          budget submitted by the Gaming Commission).

     (f)  Gaming Project Ownership. All Gaming Projects shall be owned and
          operated by Kickapoo; provided that a Gaming Project may be owned and
          operated by another subsidiary of the Kickapoo Tribe so long as prior
          to acquiring such ownership, (i) if the Project, Gaming Facility and
          Project Facilities described and defined in the Management Contract
          are owned by such other subsidiary, such subsidiary shall with respect
          to Lakes Management has entered into a management agreement and
          related documents with Lakes Management and/or its Affiliates on
          substantially similar terms and conditions as are set forth in the
          Management Contract and the Transaction Documents related thereto;
          (ii) with respect to any other gaming projects owned or to be owned by
          such other subsidiary, the subsidiary has entered into a written
          agreement with Lakes Management and/or its Affiliates granting such
          entity the same right of first refusal to manage such projects as has
          been granted to Lakes Management under the terms of Section 9.21 of
          the Management Contract; (iii) Lakes Management shall have received
          the following, each in form and substance reasonably acceptable to it:
          (aa) certified copies of the organizational documents of the new
          subsidiary, together with reasonable evidence that such subsidiary is
          wholly owned by the Kickapoo Tribe, (bb) new Resolutions of Limited
          Waiver with respect to all of such documents and agreements from each
          of the new subsidiary of the Kickapoo Tribe containing substantially
          the same resolutions and terms as set forth in the Resolutions of
          Limited Waiver received by Lakes Management in connection with the
          execution of the original Transaction Documents, (cc) legal opinions
          from counsel to each of the new subsidiary and the Kickapoo Tribe with
          respect to the such new documents and agreements containing
          substantially the same opinions as provided to Lakes Management in
          connection with the execution of the original Transaction Documents,
          and (dd) the Kickapoo Tribe shall have executed and delivered an
          amendment to this Agreement incorporating all such new documents and
          agreements as additional "Transaction Documents" hereunder and such
          projects and related assets shall be subject to the same terms and
          restrictions set forth herein; and (iv) at the time of satisfaction of
          the foregoing conditions, no "Event of Default" by any Kickapoo Entity
          under the Transaction Documents has occurred and is continuing.

                                      -6-

<PAGE>

                                    ARTICLE 4

                                EVENTS OF DEFAULT

     Section 4.1 Events of Default. Each of the following shall constitute a
"Event of Default" under this Agreement:

     (a)  A Material Breach by the Kickapoo Tribe exists. As used in this
          paragraph, the term "Material Breach" shall mean any of the following
          circumstances (i) material failure of either of such parties to
          perform a material obligation hereunder or any other Transaction
          Document to which it is a party, or (ii) any representation or
          warranty made pursuant to Section 2.1 hereof proves to be knowingly
          false or erroneous in any material way when made or at any time shall
          fail to be true and correct in all material respects.

     (b)  The Kickapoo Tribe violates any of the covenants in Section 3.1 of
          this Agreement, and after sixty (60) days have passed following a
          request by Lakes Management to cure the violation, during which the
          violation has not been cured.

     (d)  The Kickapoo Tribe has: (i) filed for relief under the United States
          Bankruptcy Code or has suffered the filing of an involuntary petition
          under the Bankruptcy Code that is not dismissed within sixty (60) days
          after filing; (ii) a receiver appointed to take possession of all or
          substantially all of such entities property; or (iii) suffered an
          assignment for the benefit of creditors.

     (e)  The Kickapoo Tribe is no longer an Indian tribe eligible to conduct
          gaming within the meaning of IGRA.

     Section 4.2 Cure of Event Default. Upon the occurrence of an Event of
Default, Lakes may provide written notice to the Kickapoo Tribe of such default
and, if it is possible for the Kickapoo Tribe to cure the Event of Default, it
shall have thirty (30) days following receipt of notice to effect a cure;
provided, however, that if the nature of such breach (but specifically excluding
breaches curable by the payment of money) is such that it is not possible to
cure such breach within thirty (30) days, such thirty-day period shall be
extended for so long as the Kickapoo Tribe shall be using diligent efforts to
effect a cure thereof but no more than an additional sixty (60) days. Upon the
occurrence of any of the events described in Section 4.1 and during any
applicable cure period, Lakes Management may suspend its performance under the
Transaction Documents. The discontinuance or correction of an Event of Default
shall constitute a cure thereof. If the Kickapoo Tribe fails to cure the Event
of Default within the cure period, Lakes Management may take any one or more of
the following actions: (a) suspend all performance of Lakes Management under the
Transaction Documents; (b) declare all obligations of any Kickapoo Entity under
the Transaction Documents to be immediately due and owing, (c) terminate the
Management Contract; and/or or (d) pursue any other remedy available at law, in
equity or by agreement, subject to the provisions of Article 5 hereof.

                                      -7-

<PAGE>

                                    ARTICLE 5

DISPUTE RESOLUTION; WAIVERS OF SOVEREIGN IMMUNITY AND TRIBAL COURT JURISDICTION;
                                  GOVERNING LAW

     Section 5.1 Dispute Resolution. The parties agree that any Claim shall be
governed by the following dispute resolution procedures:

     (a)  The parties shall use their best efforts to settle the Claim. To this
          effect, they shall consult and negotiate with each other in good faith
          and, recognizing their mutual interests, attempt to reach a just and
          equitable solution satisfactory to both parties. If they do not reach
          such solution within a period of ten (10) days, then, upon notice by
          either party to the other, all Claims shall be settled by arbitration
          administered by the American Arbitration Association in accordance
          with the provisions of its Commercial Arbitration Rules in effect at
          the time of submission; except that: (a) the question whether or not a
          Claim is arbitrable shall be a matter for binding arbitration by the
          arbitrators, such question shall not be determined by any court and,
          in determining any such question, all doubts shall be resolved in
          favor of arbitrability; and (b) discovery shall be permitted in
          accordance with the Federal Rules of Civil Procedure, subject to
          supervision as to scope and appropriateness by the arbitrators. Unless
          the parties otherwise agree to in writing, arbitration proceedings
          shall be held at Del Rio,Texas.

     (b)  The arbitration proceedings shall be conducted before a panel of three
          neutral arbitrators, all of whom shall be currently licensed
          attorneys, actively engaged in the practice of law for at least ten
          (10) years, one of which shall have five (5) years of experience in
          federal Indian law, and one of which shall have five (5) years of
          experience in the gaming industry. The arbitrator selected by the
          claimant and the arbitrator selected by respondent shall, within ten
          (10) days of their appointment, select a third neutral arbitrator. In
          the event that they are unable to do so, the parties or their
          attorneys may request the American Arbitration Association to appoint
          the third neutral arbitrator. Prior to the commencement of hearings,
          each of the arbitrators appointed shall provide an oath or undertaking
          of impartiality.

     (c)  The arbitration award shall be in writing signed by each of the
          arbitrators, and shall state the basis for the award. The arbitration
          award shall be set forth in reasonable detail as to its findings of
          fact and law, and basis of determination of award form and amount.
          Except to the extent such enforcement will be inconsistent with a
          specific provision of this Agreement, arbitration awards made pursuant
          to this Article 5 shall be enforceable in federal court under Title 9
          of the United States Code and any applicable tribal, federal or state
          law governing the enforcement of arbitration awards. In addition to
          any basis for appeal of an arbitration award stated in Title 9 of the
          United States Code or any applicable law governing the enforcement of
          arbitration awards, either party hereto may appeal an arbitration
          award on the basis that the arbitrators incorrectly decided a question

                                      -8-

<PAGE>

          of law in making the award, or the award was made in an arbitrary or
          capricious manner or in manifest disregard of the factual evidence.

     (d)  Either party hereto, without having to exhaust any tribal remedies
          first, shall have the right to seek and obtain a court order from a
          court having jurisdiction over the parties requiring that the
          circumstances specified in the order be maintained pending completion
          of the arbitration proceedings, to the extent permitted by applicable
          law.

     (e)  Judgment on any arbitration award may be entered in any court having
          jurisdiction over the parties. The arbitrators shall not have the
          power to award punitive, exemplary or consequential damages, or any
          damages excluded by or in excess of any damage limitations expressed
          in this Agreement.

     (f)  The Kickapoo Tribe hereby expressly waives, and also waives its right
          to assert, sovereign immunity and any and all defenses based thereon
          with respect to any Claims; and such parties further hereby consents
          to (i) binding arbitration under the Commercial Arbitration Rules of
          the American Arbitration Association, (ii) to empowering the
          arbitrators to take the actions and enforce the judicial remedies
          described in the Kickapoo Tribe's Resolution of Limited Waiver of
          Sovereign Immunity dated January 19, 2005 issued in connection with
          the execution of the Transaction Documents ("Resolution of Limited
          Waiver"), and (iii) judicial proceedings in or before the United
          States District Court for the Western District of Texas or if that
          court determines it is without jurisdiction, then to the courts of the
          State of Texas and all courts to which an appeal therefrom may be
          available, but solely to compel, enforce, modify or vacate any
          arbitration award.

     (g)  To the extent lawful in connection with any such Claims, the Kickapoo
          Tribe expressly waives the application of the doctrines of exhaustion
          of tribal remedies or comity that might otherwise require that Claims
          be heard first in tribal court or other tribal forum of Kickapoo
          Tribe. The waivers set forth herein only extend to claims or
          proceedings brought by Lakes Management and its Affiliates and any
          award of damages against the Kickapoo Tribe or its Affiliates shall be
          payable solely out of the Collateral (as defined in the Resolution of
          Limited Waiver) whether now or hereafter owned by Kickapoo, any other
          Kickapoo Entity or their Affiliates.

     (h)  The Kickapoo Tribe, on behalf of itself and each of its Affiliates,
          agrees that any arbitration proceeding hereunder may be consolidated
          with any other arbitration proceeding that any of Lakes Management or
          its respective Affiliates may bring against Kickapoo or any other
          Affiliates of the Kickapoo Entities.

     Section 5.2 Governing Law. This Agreement is governed by the laws of the
State, except that the State's conflict of laws provisions shall not apply.

                                      -9-

<PAGE>

                                    ARTICLE 6

                                  MISCELLANEOUS

     Section 6.1 Assignment. The rights and obligations under this Agreement
shall not be assigned or subcontracted by any party without the prior written
consent of the other party; provided, however, Lakes Management may assign this
Agreement to a wholly owned subsidiary without the consent of the Kickapoo
Tribe; provided further that Lakes Management, as applicable, shall remain
obligated for the performance of its subsidiary hereunder. Other than as
expressly provided in this Section 6.1, any attempted assignment or
subcontracting without prior written consent shall be void. Subject to the
preceding requirements, this Agreement is binding upon and inures to the benefit
of the parties and their respective successors and assigns.

     Section 6.2 Notices. Any notice, consent or any other communication
permitted or required by this Agreement: (a) must be in writing; (b) shall be
effective three (3) days after the date sent; (c) must be delivered by personal
service, via fax with reasonable evidence of transmission, express delivery or
by certified or registered mail, postage prepaid, return receipt requested; and
(d) until written notice of a new address or addresses is given, must be
addressed as follows:

If to the Kickapoo Tribe:   The Kickapoo Tribe
                            ATTN: Juan Garza, Jr., Council Chairman
                            HCR 1, Box 9700
                            Eagle Pass, Texas 78852
                            (830) 757-9228 (Fax)

     With a copy to:        Roy Bernal, Tribal Administrator
                            Kickapoo Traditional Tribe of Texas
                            HCR 1, Box 9700
                            Eagle Pass, Texas 78852
                            (830) 757-9228 (Fax)

          and               Gloria E. Hernandez, Tribal Attorney
                            HCR 1, Box 9700
                            Eagle Pass, Texas 78852
                            (830) 757-9228 (Fax)
                            (copy to counsel does not constitute notice
                            to a party)

If to Lakes Management:     Lakes Kickapoo Management, LLC
                            130 Cheshire Lane
                            Minnetonka, MN 55305
                            Attn: Timothy J. Cope

     With a copy to:        Kevin C. Quigley, Esq.
                            Hamilton Quigley Twait & Foley PLC
                            W1450 First National bank Building
                            332 Minnesota Street

                                      -10-

<PAGE>

                            St. Paul, MN 55101-1314

          and               Brian J. Klein, Esq.
                            Maslon, Edelman, Borman & Brand, LLP
                            3300 Wells Fargo Center
                            90 South Seventh Street
                            Minneapolis, MN 55402-4140
                            (copy to counsel does not constitute notice
                            to a party)

     Copies of any notices shall be given to the Gaming Commission at its last
known address.

     Section 6.3 Amendments. This Agreement may be amended only by written
instrument duly executed by all of the parties and with any and all necessary
regulatory approvals, if any, required by Legal Requirements; and this Agreement
shall supersede and replace the parties prior Tribal Agreement dated December
29, 2004 relating to the Project Facilities and the Management Contract.

     Section 6.4 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same agreement.

     Section 6.5 Preparation of Agreement. This Agreement has been carefully
prepared and reviewed by counsel for each party hereto and may not be construed
more strongly for or against any party.

     Section 6.6 Compliance with Legal Requirements. All parties shall at all
times comply with all Legal Requirements.

     Section 6.7 Further Assurances. The parties agree to do all acts and to
deliver all necessary documents as from time to time are reasonably required to
carry out the terms and provisions of this Agreement, including the filing of
financing statements and related security instruments described herein.

     Section 6.8 Cooperation; Approvals. Each of the parties agrees to cooperate
in good faith with the other to timely implement the purposes of this Agreement.
Any consents or approvals required to be given in connection with this Agreement
shall not be unreasonably withheld or delayed by the parties or their
Affiliates.

     Section 6.9 Confidentiality. Except as required by Legal Requirements,
including but not limited to, reporting requirements imposed on publicly traded
companies, each of the parties agrees that all non-public information exchanged
between the parties with respect to any particular Project shall be kept
confidential by each party and only disclosed to that party's legal counsel,
financial advisors or as reasonably required to be disclosed in connection with
the Project, including in connection with obtaining the Project Permanent
Financing.

                                      -11-

<PAGE>

                            [Signature Page Follows]

                                      -12-

<PAGE>

     The parties have executed this Tribal Agreement as of the date stated in
the introductory clause.

THE KICKAPOO TRADITIONAL TRIBE OF TEXAS

/s/ Juan Garza, Jr.
----------------------------------------
Juan Garza, Jr. Council Chairman

/s/ Jesus Anico
----------------------------------------
Jesus Anico, Council Secretary

/s/ Rogelio Elizondo
----------------------------------------
Rogelio Elizondo, Council Treasurer

/s/ Jose ("Pepe") Trevino
----------------------------------------
Jose ("Pepe") Trevino, Council Member

/s/ Jorge Hernandez
----------------------------------------
Jorge Hernandez, Council Member

                                           LAKES KICKAPOO MANAGEMENT, LLC

                                           By /s/ Timothy Cope
                                              ----------------------------------
                                              Timothy J. Cope
                                           Its: President and Chief Financial
                                                Officer

 [Signature Page to Kickapoo Tribal Agreement - Management - Lucky Eagle Casino]

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