Document:

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                                                                    EXHIBIT 10.8

                              WORLD POKER TOUR, LLC
                            1041 NORTH FORMOSA AVENUE
                           FORMOSA BUILDING, SUITE 99
                        WEST HOLLYWOOD, CALIFORNIA 90046

April 14, 2004

Mr. Steven Lipscomb
c/o World Poker Tour, LLC
1041 North Formosa Avenue
Formosa Building, Suite 99
West Hollywood, California  90046

         Re:  Employment Agreement Terms

Dear Steve:

         This term sheet sets forth the understandings with respect to the terms
and conditions of your proposed employment with WPT Enterprises, Inc. ("WPT").
The parties agree that this term sheet represents the good faith intention of
the parties to enter into a long form employment agreement that is consistent
with the terms set forth below (the "Employment Agreement"). Until such a long
form agreement is executed and delivered, this term sheet shall be binding on
both parties.

1.       TERM:  3-years commencing on December 29, 2003.

2.       TITLE:  Founder, President and Member, Board of Directors of WPT.

3.       SALARY AND BENEFITS: $500,000 per year, subject to increase at the
         discretion of the Board. Salary change will be effective as of December
         29, 2003 and any shortfall in the salary you received since December
         29, 2003 will be paid to you as soon as practicable following execution
         of this letter agreement. You will also be entitled to the benefits and
         perquisites which WPT provides to its employees generally, as
         determined by WPT's board of directors (or a committee thereof) in its
         discretion.

4.       BONUSES:  You will be entitled to receive annual bonuses during the
         term of the Employment Agreement as follows:

          o    You will continue participation in the10% bonus pool described in
               the Section 3 of the Management Contract and Contribution
               Agreement between you and World Poker Tour, LLC dated March 4,
               2002 (the "Prior Management Agreement") and Section 10.17 of the
               World Poker Tour Limited Liability Company Agreement dated March
               4, 2002 (10% of profits for the first five years of business);
               and

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          o    For each fiscal year, you will be entitled to 5% of the Profits
               (as such term is defined in the World Poker Tour Limited
               Liability Company Agreement dated March 4, 2003) in excess of
               $3,000,000 that is realized by WPT from and after the closing
               date of the initial public offering. In the event your employment
               with WPT is terminated either by you or by WPT for Cause (as
               defined in Section 8 hereof) prior to the end of a fiscal year in
               which you are entitled to receive this bonus, you will be
               entitled to receive a pro-rata portion of this bonus based on the
               portion of the applicable fiscal year during which you were
               employed.

5.       STOCK OPTIONS: You will receive an option (the "Option") to purchase
         600,000 shares of WPT common stock on the closing date of the IPO at an
         exercise price equal to the per share IPO price of the common stock.
         The Option will vest in equal installments over three years, commencing
         on December 29, 2004. All limited liability company units you currently
         hold in World Poker Tour, LLC shall be converted to proportional shares
         of WPT common stock, with the forfeiture restrictions on such shares
         lapsing on the same schedule outlined in the Prior Management
         Agreement.

6.       INTERNAL REVENUE CODE MATTERS AND NASDAQ LISTING REQUIREMENTS: Each of
         the bonus arrangements set forth in paragraph 4 above and the stock
         option grant contemplated by paragraph 5 above will be structured to
         ensure (i) qualification for expense deduction thereof by WPT under
         Section 162(m) of the Internal Revenue Code of 1986, and (ii)
         compliance with applicable Nasdaq Marketplace Rules (including without
         limitation Rule 4350(c)).

7.       EXCLUSIVITY: During the term of the Employment Agreement, you agree not
         to compete with WPT in connection with poker and gaming related
         television and film projects (the "Restricted Projects"). In addition,
         during the term of the Employment Agreement, you will advise the Board
         in advance of pursuing any television and film projects that are
         non-Restricted Projects and offer any such non-Restricted Projects to
         WPT, which the Board may accept or reject within ten (10) days in its
         sole discretion. If the Board rejects a non-Restricted Project, you
         may pursue such project individually. It is understood that your
         current "Psycho Bunnies," "Big Pitch with Norman Lear" and "The Music
         Man" projects will not be considered Restricted Projects and you will
         be able to pursue these projects individually without obtaining Board
         approval. In no event shall your individual pursuit of a
         non-Restricted Project rejected by the Board interfere with your
         duties under the Employment Agreement.

8.       SEVERANCE: Upon termination without Cause, you will be entitled to
         receive all salary and any applicable bonus amounts through the term
         of the Employment Agreement and the vesting of all previously unvested
         portions of the Option will

                                       2

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         accelerate. "Cause" will be defined as (i) your willful and continued
         failure to substantially perform your duties as reasonably assigned,
         (ii) your indictment for a criminal offense related to theft or
         embezzlement from WPT, which charges are not dismissed, or of which
         you are not acquitted within one (1) year, or (iii) your indictment
         for any felony offense that is not the result of actions performed by
         you within the scope of activities approved by the Board, which
         charges are not dismissed, or of which you are not acquitted, within
         one (1) year.

         If this term sheet is consistent with your understanding, please so
confirm by executing and returning the attached copy of this term sheet to
Timothy Cope, c/o Lakes Entertainment, Inc., 130 Cheshire Lane, Minnetonka,
Minnesota 55305.

WORLD POKER TOUR, LLC

By: /s/ Lyle Berman
   ---------------------------------------
    Lyle Berman, Chief Executive Officer

Accepted and agreed to on
April 14, 2004.

/s/ Steven Lipscomb
------------------------------------------
Steven Lipscomb

                                       3<PAGE>

                                                                    EXHIBIT 10.9

                              WORLD POKER TOUR, LLC

                              2002 UNIT OPTION PLAN

         1.       Purpose. The purpose of the 2002 Unit Option Plan (the "Plan")
of World Poker Tour, LLC (the "Company") is to increase member value and to
advance the interests of the Company by furnishing options to purchase Units of
Membership Interest in the Company ("Unit Options") designed to attract, retain
and motivate employees and consultants.

         2.       Administration. The Plan shall be administered by the
compensation committee (the "Committee") of the board of governors of the
Company. The Committee shall consist of two individuals and shall be appointed
from time to time pursuant to the terms of the Company's Limited Liability
Company Agreement. The Committee shall select one of its members as its
chairperson and shall hold its meetings at such times and places as it shall
deem advisable. A majority of the Committee's members shall constitute a quorum.
All actions of the Committee shall be taken by the majority of its members. Any
action may be taken by a written instrument signed by majority of the members
and actions so taken shall be fully effective as if it had been made by a
majority vote at a meeting duly called and held. The Committee may appoint a
secretary, shall keep minutes of its meetings and shall make such rules and
regulations for the conduct of its business as it shall deem advisable. The
Committee shall have complete authority to award Unit Options under the Plan, to
interpret the Plan, and to make any other determination which it believes
necessary and advisable for the proper administration of the Plan. The
Committee's decisions and matters relating to the Plan shall be final and
conclusive on the Company and its participants.

         3.       Eligible Participants. Employees of the Company or its
subsidiaries or affiliates (including officers, managers and governors), and
consultants or other independent contractors who provide services to the Company
or its subsidiaries or affiliates shall become eligible to receive Unit Options
under the Plan when designated by the Committee in accordance with the terms of
the Company's Limited Liability Company Agreement. Participants may be
designated individually or by groups or categories (for example, by pay grade)
as the Committee deems appropriate.

         4.       Units Subject to the Plan.

                  4.1.     Number of Units. Subject to adjustment as provided in
         Section 6.6, the number of Common Units which may be issued under the
         Plan shall not exceed seven thousand (7,000).

                  4.2.     Cancellation. In the event that a Unit Option granted
         hereunder expires or is terminated or canceled unexercised as to any
         Units, such Units may again be issued under the Plan. In the event that
         Units are issued upon exercise of a Unit Option and thereafter are
         forfeited or reacquired by the Company pursuant to rights reserved upon
         issuance thereof, such forfeited and reacquired Units may again be
         issued under the Plan. The Committee may also determine to cancel, and
         agree to the cancellation of, Unit

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         Options in order to make a participant eligible for the grant of a Unit
         Option at a lower price than the option to be canceled.

                  4.3.     Type of Unit. Units issued under the Plan in
         connection with Unit Options may be unissued Units.

         5.       Unit Options. A Unit Option is a right to purchase Units from
the Company. Each Unit Option granted by the Committee under this Plan shall be
subject to the following terms and conditions:

                  5.1.     Price. The option price per Unit shall be determined
         by the Committee, subject to adjustment under Section 6.6.

                  5.2.     Number. The number of Units subject to the option
         shall be determined by the Committee, subject to adjustment as provided
         in Section 6.6.

                  5.3.     Duration and Time for Exercise. Subject to earlier
         termination as provided in Section 6.4, the term of each Unit Option
         shall be ten years from the date of grant. The Unit Option shall become
         exercisable as to one-quarter of the underlying Units at each of the
         first four anniversaries of the date of the grant, and each such
         portion of the Unit Option shall be exercisable for a period of six
         (6) years thereafter. The Committee may accelerate the exercisability
         of any Unit Option. Subject to the foregoing and with the approval of
         the Committee, all or any part of the Units with respect to which the
         right to purchase has accrued may be purchased by the Company at the
         time of such accrual or at any time or times thereafter during the term
         of the option.

                  5.4.     Manner of Exercise. A Unit Option may be exercised,
         in whole or in part, by giving written notice to the Company,
         specifying the number of Units to be purchased and accompanied by the
         full purchase price for such Units. The option price shall be payable
         (a) in United States dollars upon exercise of the option and may be
         paid by cash, uncertified or certified check, or bank draft; (b) at the
         discretion of the Committee, by delivery of Units in payment of all or
         any part of the option price, which Units shall be valued for this
         purpose at the Fair Market Value on the date such option is exercised;
         or (c) at the discretion of the Committee, by instructing the Company
         to withhold from the Units issuable upon exercise of the Unit Option,
         Units in payment of all or any part of the option price, which units
         shall be valued for this purpose at the Fair Market Value or in such
         other manner as may be authorized from time to time by the Committee.
         The Units delivered by the participant pursuant to Section 5.4(b) must
         have been held by the participant for a period of not less than six
         months prior to the exercise of the option, unless otherwise determined
         by the Committee. Prior to the issuance of Units upon the exercise of a
         Unit Option, a participant shall have no rights as a member.

         6.       General.

                  6.1.     Effective Date. The Plan will become effective upon
         its approval by the affirmative vote of a majority of the Governors of
         the Company present and entitled to vote at a duly held meeting of the
         Board, or upon approval by written action of such number of Governors.

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                  6.2.     Duration. The Plan shall remain in effect until all
         Unit Options granted under the Plan have either been satisfied by the
         issuance of Units or been terminated under the terms of the Plan. No
         Unit Options may be granted under the Plan after the tenth anniversary
         of the date the Plan is approved by the Board.

                  6.3.     Non-transferability of Unit Options. No Unit Option
         may be transferred, pledged or assigned by the holder thereof (except,
         in the event of the holder's death, by will or the laws of descent and
         distribution to the limited extent provided in the Plan or the Unit
         Option), and the Company shall not be required to recognize any
         attempted assignment of such rights by any participant. During a
         participant's lifetime, a Unit Option may be exercised only by him or
         her or by his or her guardian or legal representative.

                  6.4.     Effect of Termination or Death. In the event that a
         participant ceases to be an employee of or consultant to the Company
         for any reason, including death, the Unit Option(s) held by such
         participant shall expire ninety (90) days following such termination.

                  6.5.     Additional Condition. Notwithstanding anything in
         this Plan to the contrary: (a) the Company may, if it shall determine
         it necessary or desirable for any reason, at the time of award of any
         Unit Option, require the recipient, as a condition to the receipt
         thereof or to the receipt of Units issued pursuant thereto, to deliver
         to the Company a written representation of present intention to acquire
         the Unit Option or the Units issued pursuant thereto for his or her own
         account for investment and not for distribution; and (b) if at any time
         the Company further determines, in its sole discretion, that the
         listing, registration or qualification (or any updating of any such
         document) of any Unit Option or the Units issuable pursuant thereto is
         necessary on any securities exchange or under any federal or state
         securities or blue sky law, or that the consent or approval of any
         governmental regulatory body is necessary or desirable as a condition
         of, or in connection with the award of any Unit Option or the issuance
         of Units pursuant thereto, such Unit Option shall not be awarded or
         such Units shall not be issued, as the case may be, in whole or in
         part, unless such listing, registration, qualification, consent or
         approval shall have been effected or obtained free of any conditions
         not acceptable to the Company.

                  6.6.     Adjustment. In the event of any merger, consolidation
         or reorganization of the Company with any other entity or entities,
         there shall be substituted for each of the Units then subject to the
         Plan (i.e., issuable upon the exercise of Unit Options granted pursuant
         to the Plan), the number and kind of units or other securities to which
         the holders of the Units will be entitled pursuant to the transaction.
         In the event of any recapitalization, unit distribution, unit split,
         combination of units or other change in the Units, the number of Units
         then subject to the Plan shall be adjusted in proportion to the change
         in outstanding Units. In the event of any such adjustments, the
         purchase price of any option shall be adjusted as and to the extent
         appropriate, in the discretion of the Committee, to provide
         participants with the same relative rights before and after such
         adjustment.

                                       3
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                  6.7.     Unit Option Agreements. The terms of each Unit Option
         shall be stated in an agreement approved by the Committee.

                  6.8.     Withholding.

                           (a)      The Company shall have the right to withhold
                  from any payments made under the Plan or to collect as a
                  condition of payment, any taxes required by law to be
                  withheld. At any time when a participant is required to pay to
                  the Company an amount required to be withheld under applicable
                  income tax laws upon exercise of a Unit Option, the
                  participant may satisfy this obligation in whole or in part by
                  electing (the "Election") to have the Company withhold from
                  the distribution Units having a value up to the amount
                  required to be withheld. The value of the Units to be withheld
                  shall be based on the Fair Market Value of the Units on the
                  date that the amount of tax to be withheld shall be determined
                  ("Tax Date").

                           (b)      Each Election must be made prior to the Tax
                  Date. The Committee may disapprove of any Election or may
                  suspend or terminate the right to make Elections. An Election
                  is irrevocable.

                  6.9.     No Continued Employment, Engagement or Right to
         Corporate Assets. No participant under the Plan shall have any right,
         because of his or her participation, to continue in the employ of the
         Company for any period of time or to any right to continue his or her
         present or any other rate of compensation. Nothing contained in the
         Plan shall be construed as giving an employee, a consultant, such
         persons' beneficiaries or any other person any equity or interests of
         any kind in the assets of the Company or creating a trust of any kind
         or a fiduciary relationship of any kind between the Company and any
         such person.

                  6.10.    Amendment of the Plan. The Board may amend or
         discontinue the Plan at any time.

                  6.11.    Definition of Fair Market Value. For purposes of this
         Plan, the "Fair Market Value" of a Unit at a specified date shall,
         unless otherwise expressly provided in this Plan, be the amount which
         the Committee or the Board determines in good faith to be 100% of the
         fair market value of such a Unit as of the date in question.

                                       4
<PAGE>

                                                                     EXHIBIT A-1

                              WORLD POKER TOUR, LLC
                                UNIT OPTION GRANT
                   CONFIDENTIALITY, INVENTIONS, TRADE SECRETS
                         AND NON-SOLICITATION AGREEMENT

         THIS UNIT OPTION GRANT AND CONFIDENTIALITY, INVENTIONS, TRADE SECRETS
AND NON-SOLICITATION AGREEMENT is made as of __________, 2002, by and between
WORLD POKER TOUR, LLC, a Minnesota limited liability company (the "Company"),
and ________________ (the "Employee").

                                    RECITALS:

         A.       The Employee has either been hired to serve as an employee of
the Company or the Company desires to induce the Employee to continue to serve
the Company as an employee.

         B.       The Company has adopted the Unit Option Plan (the "Plan")
pursuant to which Units of Membership Interest in the Company have been reserved
for issuance under the Plan.

         C.       The Employee has or will have access to confidential
information of the Company.

         NOW, THEREFORE, the parties hereto agree as follows:

I.       UNIT OPTION

         1.       Grant of Option. The Company hereby grants from the Plan to
the Employee the right and option, hereinafter called the Option, to purchase
all or any part of an aggregate of ______________ Units of the Company (the
"Units") (such number being subject to adjustment as provided in section 8
hereof) subject to the terms and conditions herein set forth.

         2.       Purchase Price. The purchase price of the Units covered by the
Option shall be seventy-eight cents ($0.78) per Unit. It is understood and
agreed that the purchase price is the fair market value of such units on the
date of this Agreement.

         3.       Exercise and Vesting of Option. The Option shall be
exercisable only to the extent that all, or any part thereof, has vested in the
Employee. The Option shall vest on a pro rata basis in installments over a four
(4) year period, beginning on the date of the first anniversary of the date of
this Agreement and continuing on each anniversary date (each referred to as a
"Vesting Date") until the Option is fully vested, as set forth in the following
schedule:

                                      A-1
<PAGE>

                                 Total Units Subject
                                   to Vested Option                Vesting Date

         In the event that the Employee ceases to be employed by the Company,
for any reason or no reason, with or without cause, prior to any Vesting Date,
that portion of the Option scheduled to vest on such Vesting Date, and all parts
of the Option scheduled to vest in the future, shall not vest and all of the
Employee's rights to and under such non-vested parts of the Option shall
terminate.

         4.       Term of Option. Except as otherwise provided in this
Agreement, any portion of the Option shall be exercisable for six (6) years
subsequent to the Vesting Date applicable to such portion of the Option;
provided, however, that in the event the Employee ceases to be employed by the
Company, for any reason or no reason, with or without cause, including due to
the death of the Employee, the Employee or his/her legal representative shall
have ninety (90) days from the date of such termination of his/her position as
an employee to exercise any part of the Option vested pursuant to Section 3 of
this Agreement. Upon the expiration of such ninety (90) day period, or, if
earlier, upon the expiration date of the Option as set forth above, the Option
shall terminate and become null and void. In addition, if the Employee breaches
any of the covenants or agreements contained in this Agreement, or any agreement
executed by the Employee for the benefit of the Company, the Option (regardless
of the extent to which the Option has vested) shall terminate and become null
and void as of the earlier of (i) the date of termination of the Employee by the
Company as a result of such breach or (ii) the date of such breach by the
Employee. Finally, in the event of a Gaming Violation (as defined in Section 5.5
of the Company's Limited Liability Company Agreement) arising from or relating
to the Employee's ownership of the Option or any Units of Membership Interest in
the Company, the Option (regardless of the extent to which the Option has
vested) shall immediately become null and void.

         5.       Method of Exercising Option. Subject to the terms and
conditions of this Agreement, the Option may be exercised by written notice to
the Company. Such notice shall state the election to exercise the Option and the
number of Units in respect of which it is being exercised, and shall be signed
by the person or persons so exercising the Option. Such notice shall either: (a)
be accompanied by payment in cash of the full purchase price of such Units; or
(b) fix a date not less than five (5) nor more than ten (10) business days from
the date such notice shall be received by the Company for the payment of the
full purchase price of such Units. Any such notice shall be deemed given when
received by the Company at its principal place of business. All Units that shall
be purchased upon the exercise of the Option as provided herein shall be fully
paid and non-assessable. Upon exercise of the Option or any part thereof, the
Company shall update the Schedule of Members and Units attached to the Company's
Limited Liability Company Agreement as Exhibit A (the "Schedule of Members and
Units") to reflect the Membership Interest of the Employee.

         6.       Rights of Option Holder. The Employee, as holder of the
Option, shall not have any of the rights of a member with respect to the Units
covered by the Option except to the

                                      A-2
<PAGE>

extent that he actually becomes an owner of the Units upon the due exercise of
all or any part of the Option.

         7.       Non-Transferability. The Option shall not be transferable
otherwise than by will or the laws of descent and distribution, and the Option
may be exercised, during the lifetime of the Employee, only by the Employee.
More particularly, but without limiting the generality of the foregoing, the
Option may not be assigned, transferred (except as provided above), pledged, or
hypothecated in any way, shall not be assignable by operation of law, and shall
not be subject to execution, attachment, or similar process. Any attempted
assignment, transfer, pledge, hypothecation, or other disposition of the Option
contrary to the provisions hereof, and the levy of any execution, attachment, or
similar process upon the Option shall be null and void and without effect. In
the event the Option shall be exercised by any person other than the optionee,
such notice shall be accompanied by appropriate proof of the right of such
person to exercise the Option.

         8.       Adjustment. In the event of any merger, consolidation or
reorganization of the Company with any other entity, there shall be substituted
for the Units issuable upon exercise of the Option, the number and kind of Units
to which the holders of Units will be entitled pursuant to the transaction. In
the event of any recapitalization, dividend, split, combination or other change
in the Units, the number of Units subject to this Agreement shall be adjusted in
proportion to the change in outstanding Units and the purchase price of the
Option shall be adjusted as and to the extent appropriate in the discretion of
the Board of Directors to provide the same relative rights before and after such
adjustment.

         9.       Payment of Taxes. The Employee shall, upon notification of the
amount due, pay promptly an amount sufficient to satisfy applicable federal,
state and local tax requirements.

         10.      Investment Representation. The Employee, by this acceptance
hereof, represents and warrants to the Company that the purchase of the Units
upon exercise hereof shall be for investment and not with a view to
distribution.

         11.      Tax Consequences. The Employee agrees that the Employee is
solely responsible for his/her tax liability that may arise as a result of the
grant or exercise of the Option granted hereby, has consulted with his/her own
tax advisors regarding the federal, state and local tax consequences of this
Agreement and is not relying on any statement or representation of the Company
or its employees or agents.

         12.      Unit Option Plan. The terms and conditions of the Unit Option
Plan are hereby incorporated herein and made a part hereof by reference as if
set forth in full. In the event of any conflict or inconsistency between the
provisions of this Agreement and those of the Plan, the provisions of the Plan
shall govern and control. A copy of the Plan will be furnished upon request of
the Employee.

II.      CONFIDENTIALITY, INVENTIONS, TRADE SECRETS AND NON-SOLICITATION

                                      A-3
<PAGE>

         13.      Consideration. The Employee acknowledges that the grant of the
Option as well as new or continued employment with the Company is sufficient
consideration for the Confidentiality, Inventions, Trade Secrets and
Non-Solicitation provisions hereinafter set forth.

         14.      Definitions.

         a.       The term "Business" shall mean any business which is involved
         in any respect with the televising or internet broadcasting of the game
         of Poker.

         b.       The "Company" means WORLD POKER TOUR, LLC and all of its
         parents, subsidiaries and affiliated corporations.

         c.       "Confidential Information" means information developed by the
         Employee as a result of the Employee's consultation, work or services
         with, for, on behalf of or in conjunction with the Company and any
         information relating to the Company's processes and products, including
         information relating to research, development, manufacturing, know-how,
         formulas, product ideas, inventions, trade secrets, patents, patent
         applications, systems, products, programs and techniques and any
         secret, proprietary or confidential information, knowledge or data of
         the Company. All information, disclosed to the Employee, or to which
         the Employee obtains access, whether originated by the Employee or by
         others, which is treated by the Company as Confidential Information, or
         which the Employee has reasonable basis to believe is Confidential
         Information, will be presumed to be Confidential Information.

         The term Confidential Information will not apply to information which
         (i) the Employee can establish by documentation was known to the
         Employee prior to receipt by the Employee from the Company; (ii) is
         lawfully disclosed to the Employee by a third party not deriving the
         same from the Company; or (iii) is presently in the public domain or
         becomes a part of the public domain through no fault of the Employee.

         d.       "Inventions" means discoveries, improvements, inventions,
         ideas and works of authorship (whether patentable or copyrightable)
         conceived or made by the Employee, either solely or jointly with
         others, relating to any consultation, work or services performed by the
         Employee with, for, on behalf of or in conjunction with the Company or
         based on or derived from Confidential Information.

         e.       "Restricted Period" means the period commencing on the date
         hereof and ending one (1) year subsequent to the termination of the
         Employee's employment with the Company.

         f.       "Trade Secret" means information, including a formula,
pattern, compilation, program, device, method, technique or process that (a)
derives independent economic value, actual or potential, from not being
generally known to the public or to other persons who can obtain economic value
from its disclosure or use; or (b) is the subject of efforts that are reasonable
under the circumstances to maintain its secrecy.

                                      A-4
<PAGE>

         15.      Inventions. With respect to Inventions, as defined above,
(irrespective of whether such Inventions are made on particular days during
which the Employee consults, works or renders any service with, for, or to the
Company), the Employee agrees that any Invention shall be the sole and exclusive
property of the Company and further agrees:

         a.       to promptly and fully inform the Company in writing of such
         Inventions;

         b.       to assign to the Company all of the Employee's rights to such
         Inventions, and to applications for patents and/or copyright
         registrations and to patents and/or copyright registrations granted
         upon such Inventions in the United States or in any foreign country;
         and

         c.       to acknowledge and deliver promptly to the Company (without
         charge to the Company but at the expense of the Company) such written
         instruments and do such other acts as may be necessary, in the opinion
         of the Company, to obtain and maintain patents and/or copyright
         registrations and to vest the entire right and title thereto in the
         Company.

         16.      Confidential Information. Except as required in the Employee's
employment for the Company, the Employee will hold any Confidential Information
in the strictest of confidence and never use, disclose or publish any
Confidential Information without the prior written express permission of the
Company. The Employee agrees to maintain control over any Confidential
Information obtained and restrict access thereto to those of the Employee's
fellow employees, agents or other associated parties who have a need to use such
Confidential Information for the intended purpose. The Employee agrees to advise
and inform any party to whom the Employee has provided access to the
Confidential Information of its confidential nature and the Employee agrees to
ensure that such associated parties be bound by the terms and obligations of
this Agreement.

         17.      Trade Secrets. The Employee shall not directly or indirectly
use or disclose any Trade Secrets to or for the benefit of anyone other than the
Company.

         18.      Non-Solicitation. During the Restricted Period, the Employee
will not, without the Company's prior written consent (which may be withheld
with or without reason), directly or indirectly for himself/herself or on behalf
of any other person or entity (except the Company): (i) recruit, solicit or hire
as an employee, consultant, independent contractor or in any other capacity
whatsoever; (ii) enter into any other business relationship (including, without
limitation, as partners, joint venturers, guarantors, business associates,
investors, financiers, owners of a corporation or other business organization,
entity or enterprise) with; or (iii) request, induce, advise or encourage a
termination of employment by, any employee of the Business.

         19.      Authority. The Employee warrants to the Company that (a) the
Employee has the right to enter into this Agreement; (b) the Employee has no
obligations to any other person or entity which are in conflict with the
Employee's obligations under this Agreement; (c) in the event the Employee has
disclosed information to the Company, created any original materials or used any
proprietary information in consulting, working or rendering services with, for
or to the Company, the Employee has the right to disclose, create or use such
information or materials, as

                                      A-5
<PAGE>

applicable, and such disclosure, creation or use will not violate any privacy,
proprietary or other rights of others. The Employee agrees to indemnify and hold
the Company harmless against any expenses, damages, costs, losses or fees
(including legal fees) incurred by the Company in any suit, claim or proceeding
brought by a third party and which is based on facts which constitute a breach
of the above warranties.

III.     MISCELLANEOUS

         20.      Employment. The Employee's employment by the Company is an
employment at will and may be terminated by the Company with or without cause,
and nothing herein shall give the Employee the right to continue in the employ
of the Company.

         21.      Parties and Assignment. This Agreement shall be binding upon
the Employee and shall inure to the benefit of the Company and its successors
and assigns.

         22.      Waiver. The Company's delay, waiver or failure to enforce any
of the terms of this Agreement or any similar agreement in one instance shall
not constitute a waiver of its rights hereunder with respect to other violations
of this or any other agreement.

         23.      Entire Agreement. This Agreement sets forth the parties' final
and entire agreement with respect to its subject matter and supersedes any and
all prior understandings and agreements. This Agreement shall not be modified or
amended in any fashion by an instrument in writing signed by the parties hereto.
The obligations of the Employee set forth in this Agreement shall survive any
termination or expiration of this Agreement or any relationship between the
Employee and the Company.

         24.      Remedies. The Employee recognizes that irreparable harm will
result to the Company and the Business if the Employee breaches any provision of
this Agreement. Therefore, in the event of a breach or threatened breach of any
provision of this Agreement, the Company shall have the right, in addition to
any other remedies available to it, to injunctive relief restraining the
Employee from violating the terms of this Agreement, it being acknowledged that
other remedies at law are inadequate. The Company shall also be entitled to
recover from the Employee its attorneys' fees and costs in any action for breach
of this Agreement in which the Company substantially prevails. The obligations
of the Employee set forth in this Agreement shall survive any termination or
expiration of this Agreement or any relationship between the Employee and the
Company.

         25.      Severability. If any provision of this Agreement shall be held
by any court of competent jurisdiction to be illegal, invalid or unenforceable,
such provision shall be construed and enforced as if it had been more narrowly
drawn so as not to be illegal, invalid or unenforceable, and such illegality,
invalidity or unenforceability shall have no effect upon and shall not impair
the enforceability of any other provision of this Agreement.

         26.      Further Assurances. Each party hereto agrees to execute such
further papers, agreements, assignments or documents of title as may necessary
or desirable to effect the purposes of this Agreement and carry out its
provisions.

                                      A-6
<PAGE>

         27.      Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which shall
be constitute but one and the same agreement.

         28.      Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Minnesota (without regard
to principles of conflicts of laws) applicable to contracts made and to be
performed within such State. The venue for any action hereunder shall be in the
State of Minnesota, whether or not such venue is or subsequently becomes
inconvenient, and the parties consent to the jurisdiction of the courts of the
State of Minnesota, and the U.S. District Court, District of Minnesota.

         IN WITNESS WHEREOF, the parties have executed this Agreement effective
as of the date set forth above.

                                        COMPANY:

                                        WORLD POKER TOUR, LLC

                                        By _____________________________________
                                           Its__________________________________

                                        EMPLOYEE:

                                        ________________________________________

                                        Address:________________________________
                                        ________________________________________

                                        Social Security No.:____________________

                                        Number of Units:

                                        Exercise Price:

                                      A-7

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