Document:

<PAGE>
                                                                  Exhibit 10.169

                  CONDITIONAL RELEASE AND TERMINATION AGREEMENT

          THIS CONDITIONAL RELEASE AND TERMINATION AGREEMENT (the Termination
Agreement") is made this 20 day of May, 1999, by and between Lakes Gaming. Inc.,
a Minnesota corporation ("Lakes") and Casino Resource Corporation, a Minnesota
corporation ("CRC").

                                   WITNESSETH

          WHEREAS, Lakes and CRC executed that certain Memorandum of
Understanding, dated as of December 29, 1998 (the "Memorandum"), pursuant to
which they each, evidenced their intention to negotiate in good faith towards
the execution of a joint venture agreement, on the terms and subject to the
conditions set forth in the Memorandum, for purposes of seeking to obtain an
Indian, gaming management and, development agreement (the "Management
Agreement") with the Pokagon Band of Potawatomi Indians (the "Tribe"), for
planned casinos in Michigan and Indiana;

          WHEREAS, as of the date hereof, the parties have not executed a joint
venture agreement, nor has the Tribe awarded Lakes by CRC the Management
Agreement;

          WHEREAS, it is the understanding of the parties hereto, that the Tribe
may or may not be amenable to awarding the Management Agreement solely to Lakes
so long as Lakes terminates its affiliation with CRC with respect to such
Management Agreement: and

          WHEREAS, in the event the Tribe determines to award the Management
Agreement to Lakes, and such selection, is conditioned on the CRC's
noninvolvement in the management or development of the casinos, the parties,
wish to terminate the Memorandum and release each from, any and all liability
and claims they might otherwise have against each other related to or otherwise
arising out of Ac transactions contemplated by the Memorandum, in each case on
the terms and subject to the conditions set forth herein.

          NOW THEREFORE, in consideration of the foregoing and the mutual
covenants and promises set forth herein, the parties intending to be legally
bound hereby agree as follows:

          1. Subject to the conditions set forth in Section 3 below, Lakes
hereby acquits, and forever discharges CRC, and each of its officers, directors,
employees mid affiliates, and its and their respective successors and assigns of
and from all actions, causes of actions, claims, suits, debts, dues, account,
bonds, covenants, contracts, agreements, judgments, damages and costs whatsoever
in law or in equity arising out of the Memorandum and the transactions
contemplated thereby, which Lakes can, shall or may have from the beginning of
the world to the date of these presents.

          2. Subject to the conditions set forth in Section 3 below, CRC hereby
releases, acquits, and forever discharges Lakes, and each of its officers,
directors, employees and affiliates.

                                  Confidential

<PAGE>

                                   SCHEDULE I

<TABLE>
<CAPTION>
AMOUNT PAYABLE   WHEN PAYABLE
--------------   ------------
<S>              <C>
                 Michigan Casino
  $ 4,000,000    Year 1 - Payable $1,000,000 quarterly in arrears
  $ 4,000,000    Year 2 - Payable $1,000,000 quarterly in arrears
  $ 4,000,000    Year 3 - Payable $1,000,000 quarterly in arrears
  $ 4,000,000    Year 4 - Payable $1,000,000 quarterly in arrears
  $ 4,000,000    Year 5 - Payable $1,000,000 quarterly in arrears
                 Indiana Casino
  $ 2,000,000    Year 1 - Payable $500,000 quarterly in arrears
  $ 2,000,000    Year 2 - Payable $500,000 quarterly in arrears
  $ 2,000.000    Year 3 - Payable $500,000 quarterly in arrears
  $ 2,000,000    Year 4 - Payable $500,000 quarterly in arrears
  S 2,000,000    Year 5 - Payable $500,000 quarterly in arrears
  -----------
  $30,000,000    Total
</TABLE>

None of the above payments shall exceed on an annual basis twenty percent (20%)
of Lakes Gaming Management Fee. If these payments during Year 1 exceed 20% of
Lakes annual Management Fee, a credit will be given on the following years
payments.

Both parties agree that at the end of the five year period, an average annual
Management Fee will be calculated, with any appropriate adjustments made so as
to assure that both Lakes Gaming and CRC that the amounts payable on Schedule I
are no less than the amounts listed payable, but no greater than 20% of the
Lakes Management Fee received by Lakes over the five year period. However, the
overriding formula shall be that the fee paid to CRC shall be no more than 20%
of the five year Management Fee received by Lakes.

<PAGE>

                        AMENDMENT TO CONDITIONAL RELEASE
                           AND TERMINATION AGREEMENT

          THIS AMENDMENT TO CONDITIONAL RELEASE AND TERMINATION AGREEMENT (the
"Amendment") is made this 1st day of July, 1999, by and between Lakes Gaming,
Inc., a Minnesota corporation ("Lakes") and Casino Resource Corporation, a
Minnesota corporation ("CRC").

                                   BACKGROUND

          Lakes and CRC executed that certain Memorandum of Understanding, dated
as of December 29, 1998 (the "Memorandum"), pursuant to which they each
evidenced their intention to negotiate in good faith towards the execution of a
joint venture agreement, on the terms and subject to the conditions set forth in
the Memorandum. The Joint Venture intended to seek to obtain an Indian gaming
management and development agreement (the "Management Agreement") with the
Pokagon Band of Potawatomi Indians (the "Tribe"), for planned casinos in
Michigan and Indiana.

          It was the understanding of the parties that the Tribe might be
amenable to awarding the Management Agreement to Lakes if CRC terminated its
affiliation with Lakes and the proposed Joint Venture with, respect to the
Management Agreement.

          Based on the foregoing understanding, the parties entered into a
Conditional Release and Termination Agreement dated May 20, 1999 (the
"Termination Agreement").

          Subsequent to the entering into of the Termination Agreement, the
Tribe determined to negotiate exclusively with Lakes with a view to entering a
Management Agreement.

          As part of the negotiations with the Tribe. The Tribe required that
the Termination Agreement between Lakes and CRC be modified so that CRC would
not be receiving any payments based on the revenues received by Lakes under the
Management Agreement.

          In order to comply with the requirements of the Tribe, Lakes and CRC
determined to amend the Termination Agreement and fix the payments from Lakes to
CRC in full satisfaction of Lakes' financial obligations to CRC under the
Memorandum and Termination Agreement.

          NOW THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth, and intending to be legally bound hereby, the parties
hereto agree as follows:

<PAGE>

          1. Paragraph 5 of the Termination Agreement be and the same is hereby
restated in its entirety as follows:

               5. In consideration of CRC's prompt termination, withdrawal and
disassociation from its relationship with each of Lakes, the proposed Joint
Venture and the Tribe under the Memorandum or the Management Agreement. Lakes
agrees to pay in full satisfaction of any and all obligations it owes to CRC the
aggregate maximum sum of $16,100,000 (assuming the Casino is opened in the New
Buffalo area) payable as follows:

                    5.1 $2 million shall be payable upon the later to occur of
the signing of a Management Agreement and ratification of' same by the new
Tribal Council pertaining to the proposed Michigan casino (as ratification is
defined in the development agreement between the Tribe and Lakes, attached
hereto as Exhibit B). Except for a change in the location not contemplated
herein; any changes in the Management Agreement that the Tribe or Lakes Gaiming,
Inc. might make in the Management Agreement will have no bearing on the payment
to Casino Resource Corporation. The payment to Casino Resource Corporation will
be triggered by the release of or payment of any funds, in excess of an
aggregate of $250,000, by Lakes Gaming under their Management Agreement to the
Tribe. Lakes Gaming, Inc. agrees to notify and pay CRC within 24 hours of the
payment of funds, as described above. Lakes shall be given credit for a
$2,604,923 million payment against the maximum $16.1 million aggregate amount in
recognition of present valuing the advance cash payment being made.

                    5.2 $10,995,077 or the adjusted lesser amount per this
Agreement shall be payable as set forth on Schedule A, attached hereto. Such
payments shall commence on the last day of the calendar quarter in which the
Tribe's Michigan casino opens, and continue only so long as Lakes Gaming, Inc.
or an affiliate is and continues to be the manager and the casino is open.

                    5.3 Notwithstanding the foregoing, in the event the Tribe's
Michigan casino is not substantially ready to open on or before June 30, 2004,
and the Tribe has not granted an extension to open the casino within six months
to Lakes, CRC shall repay to Lakes the $2 million paid to CRC pursuant to
Paragraph 5.1 above, together with simple interest at the rate of 10% per annum
from and after July 1, 2004. Such payment of principal and interest shall be
made on July 30, 2004. If however, the Tribe's Michigan casino opens after the
provisions of this subsection 5.3 become effective, and Lakes or an affiliate of
Lakes is the manager, on such date, Lakes shall pay back to CRC any principal
paid by CRC to Lakes pursuant to this Section 5.3 and CRC shall be released of
any further payments to Lakes under this Section 5.3 except for any unpaid
interest due.

                    5.4 Notwithstanding anything herein to the contrary, in the
event the Tribe's Michigan casino is opened in the Benton Harbor area, the
payments pursuant to Paragraph 5.2 above, shall be reduced from $10,995,077 to
$7,095,077 and that amount shall be paid to CRC as follows: 16.1% of the amount
shall be paid in year 1 on a quarterly basis in

                                      (2)

<PAGE>

arrears; 17.7% of the amount shall be paid in year 2 on a quarterly basis in
arrears; 21.2% of the amount shall be paid in year 3 on a quarterly basis in
arrears; 22.1% of the amount shall be paid in year 4 on a quarterly basis in
arrears; and 23.0% of the amount shall be paid in year 5 on a quarterly basis in
arrears. In the event the Tribe's Michigan casino is opened in the Hartford
area, the payments pursuant to Paragraph 5.2 above, stall be reduced from
$10,995,077 to $3,515,077 and that amount shall be paid to CRC as follows: 16.1%
of the amount shall be paid in year 1 on a quarterly basis in arrears; 17.7% of
the amount shall be paid in year 2 on a quarterly basis in arrears; 21.2% of The
amount shall be paid in year 3 on a quarterly basis in arrears; 22.1 % of the
amount shall be paid in year 4 on a quarterly basis in arrears; and 23.0% of the
amount shall be paid in year 5 on a quarterly basis in arrears. All payments are
conditioned on the facts that the Casino is open and Lakes is the manager.

                    5.5 At the end of the calendar quarter in which the Tribe's
Indiana casino is opened, if ever, Lakes shall pay CRC an aggregate of $2.5
million payable quarterly in the amount of $125,000 (without interest) each (but
only if Lakes, or an affiliate of Lakes, is, all the time the payment is due,
serving as the manager or developer of such casino and the casino is open.

                    5.6 Any payments made pursuant to this Paragraph 5 may be
prepaid, at any time, by Lakes for the "present value" of the remaining payments
due, using 10% as the discount rate."

                    5.7 Should Lakes fail to make any payments due CRC under
this Section 5 as and when due, or within 10 business days after written notice
of nonpayment has been given by CRC to Lakes, all remaining payments shall be
and become immediately due and payable.

                    5.8 The releases in Section 2 of the Termination Agreement
shall not apply to any payment due under this Section 5 or agreement contained
in the Amendment to Conditional Release and Termination Agreement.

          2. It is understood by the parties that any costs incurred in
obtaining the Management Agreement will be borne by Lakes Gaming, Inc. as the
sole manager and developer of the gaming facility.

          3. Sections 3, 4, 6,7 and 8 of the Termination Agreement be and they
are hereby stricken in their entirety and shall be of no further force or
effect. Notwithstanding the deletion of Section 3 of the Termination Agreement,
the parties hereto agree that the mutual releases set forth in Sections 1 and 2
of the Termination Agreement (the effectiveness of which were conditioned on the
occurrence of events identified in Section 3 of the Termination Agreement) are
effective, valid and binding.

                                       (3)

<PAGE>

          4. CRC will execute a release in form and substance satisfactory to
the Tribe as called for in Section 11.4 (V of the Development Agreement) between
Lakes and the Tribe.

          5. The remaining teems and provisions of the Termination Agreement be
and the same are hereby ratified, approved and confirmed.

          6. This Amendment and Termination Agreement contains the entire
agreement and understanding of the parties hereto with respect to the subject
matter hereof and supersedes any inconsistent provisions in the Termination
Agreement or Memorandum.

          7. This Amendment shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns.

          8. Both parties represent and warrant that they ate duly authorized by
their respective Board of Directors to execute this Amendment.

          9. CRC agrees to execute Certification as called for in the Management
Agreement in Section 10.3.4.

          IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
the date and year first above written.

LAKES GAMING, INC.                      CASINO RESOURCE CORPORATION

By /s/ Lyle Berman                      By /s/ John J. Pilger
   ----------------------------------      -------------------------------------
   Lyle Berman, CEO                        John J. Pilger. CEO

                                       (4)

<PAGE>

                                    EXHIBIT A
              10.6 MILLION ESTIMATED INCOME DUE CRC BY LAKES GAMING

<TABLE>
<CAPTION>
            Year 3      Year 4      Year 5      Year 6      Year 7
          0.1608105    0.176614    0.211619    0.220828    0.230128      Total
          ---------   ---------   ---------   ---------   ---------   ----------
<S>       <C>         <C>         <C>         <C>         <C>         <C>
1st Qtr     442,031     485,471     581,692     607,005     632,569    2,748,768
2nd Qtr     442,031     485,471     581,692     607,005     632,569    2,748,768
3rd Qtr     442,031     485,471     581,692     607,005     632,569    2,748,768
4th Qtr     442,031     485,471     581,692     607,005     632,569    2,748,773
          ---------   ---------   ---------   ---------   ---------   ----------
          1,768,124   1,941,884   2,326,768   2,428,020   2,530,276   10,995,077
          =========   =========   =========   =========   =========   ==========
</TABLE>

<PAGE>

                                   CERTIFICATE

     The undersigned Casino Resource Corporation ("CRC") certifies to the
Pokagon Band of Potawatomi Indians (the "Band") and Lakes Gaming, Inc. as
follows:

     1. Neither CRC nor any Insider of CRC has engaged the services of any
     member of the Pokagon Band, for consideration or otherwise. In connection
     with or in any way related to a Casino.

     2. Neither CRC nor any Insider of CRC has attempted to influence any member
     of the Band, including any member of the Band government, directly or
     indirectly, concerning consideration of any Proposal.

     3. Unless described in writing attached hereto to the best of its knowledge
     neither CRC nor any Insider of CRC employs, as an employee, consultant or
     otherwise, any member of the Band, or any member of the Immediate Family of
     any Band member.

     4. Neither CRC nor any Insider of CRC has paid any fee, consideration or
     other remuneration of any kind to any member of the Band or any member of
     the Immediate Family of any Band member in connection with any Proposal,
     the Casino, or Band's gaming activity generally.

     5. Unless described in writing attached hereto to the best of CRC's
     knowledge neither CRC nor any Insider of CRC has any agreement, written or
     oral, to employ, as an employee, consultant or otherwise, any member of the
     Band or any member of the Immediate Family of any Band member.

     6. Neither CRC nor any Insider of CRC has any agreement, written or oral,
     to pay any fee, consideration or other remuneration of any kind to any
     member of the Band or any member of the Immediate Family of any Band member
     in connection with any Proposal, the Casino, or Band's gaming activity
     generally.

     For purposes of this Certificate the following definitions control:

     "Casino" means a casino to be owned or operated by the Band in Michigan.

          "Immediate Family" means a person's spouse, children, step-children,
          parents, including spouse's parents, siblings, grandparents, including
          spouse's grandparents, and grandchildren, including
          step-grandchildren.

          "Insider" has the meaning defined in 11 U.S.C. Section 101(31),
          assuming

<PAGE>

          CRC were the debtor in that definition.

          "Proposal" means any proposal submitted to the Band by CRC or Lakes
          relating to a Casino.

     CRC understands that the Band and Lakes Gaming, Inc. are relying on this
Certificate in closing on a Development Agreement, a Management Agreement and
related documents of near or even date.

Dated: July 7, 1999

Witness:                                Casino Resource Corporation

/s/ Robert J. Allen                     by: /s/ John J. Pilger
-------------------------------------       ------------------------------------
V.P.                                    its CEO

<PAGE>

                                 GENERAL RELEASE

     Casino Resource Corporation ("CRC"), for itself and its officers,
employees, directors, attorneys, agents, shareholders, successors and assigns
(collectively "Releasors"), hereby releases and discharges the Pokagon Band of
Potawatomi Indians (the "Band"), its council members, officers, employees,
attorneys, agents, successors and assigns, and all members of the Band, their
respective heirs, personal representatives and assigns (collectively
"Releasees"), from any and all debts, demands, actions, causes of action,
attachments, liens, contracts, agreements, promises, doings, omissions,
variances, damages, claims, rights, liabilities, suits at law, in equity, and
administrative law, which now exist or may in the future result from the
existing state of facts, whether known or unknown, whether direct or indirect,
of whatever kind or nature, which each of them have or may have against
Releasees as of the date hereof or which may in the future arise from the
existing state of things.

     This Release contains the entire Agreement relating to such Release and
supersedes all prior oral and written Agreements between the parties hereto on
the subject matter hereof. There are no oral understandings or agreements
between the parties hereto. The terms of this Release are contractual and are
not a mere recital. No cross release shall be inferred from this release.

     The person executing this Release on behalf of CRC warrants that he is duly
authorized to do so.

     This Release is governed by the law of the State of Michigan.

<PAGE>

     This Release may be executed in counterparts, all of which together shall
be one original.

                          CAUTION: READ BEFORE SIGNING

Dated: July 7, 1999

Witness:

                                        Casino Resource Corporation

/s/ Robert J. Allen                     by: /s/ John J. Pilger
-------------------------------------       ------------------------------------
    V.P.                                its: CEO

                                        print name: John J. Pilger

State of Mississippi
Hancock, County                         July 7, 1999

     Personally appeared before me the above named John J. Pilger CEO of Casino
Resource Corporation, and swore that the foregoing was his free act and deed in
his said capacity and the free act and deed of that corporation.

                                        /s/ V.P. Hall
                                        ----------------------------------------
                                        Notary Public

2551                                    (STAMP)

                                       -2-

<PAGE>

and its and their respective successors and assigns of and from all actions,
causes of actions, claims, suits, debts, dues, accounts, bonds, covenants,
contracts, agreements, judgments, damages and costs whatsoever in law or in
equity arising out of the Memorandum and the transactions contemplated thereby,
which CRC can, shall or may have from the beginning of the world to the date of
these presents.

          3. The effectiveness of the foregoing releases are conditioned on the
occurrence of each of the following:

               (a) The Tribe shall award Lakes or one of its affiliates the
Management Agreement for either or both of the Tribe's planned casinos in
Michigan or Indiana.

               (b) The Tribe shall request, either orally or in writing, for any
reason or for no reason, and either before or after awarding of the Management
Agreement, that Lakes disassociate itself from CRC or any of its officers,
directors or employees.

          4. In the event the conditions set forth in Section 3 occur, the
Memorandum shall be of no further force or effect, and CRC covenants and agrees
with Lakes that it will promptly withdraw from the Tribal selection process and
terminate any interest it may have or otherwise be entitled to under the
Memorandum or any Management Agreement, subject to the payment by Lakes of the
consideration set forth in Section 5.

          5. In consideration of CRC's prompt termination, withdrawal and
disassociation from its relationship with each of Lakes and the Tribe under the
Memorandum or the Management Agreement Lakes agrees to pay CRC not less than a
sum equal to twenty percent (20%) of any management fee or like fee that Lakes'
actually earns and collects under any Management Agreement with the Tribe, (i)
up to an annual maximum payment of $4 million to CRC or an aggregate maximum
payment of $20 million to CRC with respect to the Tribe's planned Michigan
casino, and (ii) not less than a sum equal to twenty percent (20%) of any
management fee or like fee that Lakes' actually earns and collects under any
Management Agreement with the Tribe, up to an annual maximum payment of $2
million to CRC or an aggregate maximum payment of $10 million to CRC with
respect to the Tribe's planned Indiana casino, in each case pursuant to the
terms of Schedule I attached hereto.

          6. Notwithstanding anything to the contrary contained herein, in the
Memorandum or in the Management Agreement, the calculation of Lakes' management
fee or like fee shall be made without regard to the receipt by Lakes at any time
of interest income from the Tribe on any amount of outstanding indebtedness to
the Tribe or any principal payments made by the Tribe on such indebtedness. It
is the further agreed by the parties hereto, that any amounts owing from Lakes
to CRC under this Agreement, shall only be paid by Lakes following Lakes' prior
receipt and collection of such management fee from the Tribe, and any risk of
Lakes' noncollection, risk of setoff or other forfeiture of the management fee
or like fee, for whatever reason, any reason or no reason shall be borne 80%
by Lakes and 20% by CRC, and such nonreceipt or noncollection shall reduce the
amount of consideration payable by Lakes or any affiliate of Lakes owing to CRC
under Section 5 hereof.

                                       (2)

<PAGE>

          7. All monies due CRC under this Termination Agreement are further
conditioned upon, due and payable only if received by Lakes, or its subsidiary
or affiliate. If for any reason or for no reason Lakes, a subsidiary of Lakes,
or an affiliate of Lakes does not receive management fee income or like fee from
the venture then nothing is due or payable or does not earn a management fee.

          8. Further, if NIGC does not approve the proposed Management Agreement
between Lakes and the Pokagon Band alone, then both parties agree to negotiate
in good faith, and Lakes agrees to compensate CRC in a like manner, mirroring
the terms of this Termination Agreement, and subject to NIGC approval.

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

LAKES GAMING, INC.                      CASINO RESOURCE CORPORATION

By /s/ Lyle Berman                      By /s/ John J. Pilger
   ----------------------------------      -------------------------------------
Its CEO                                 Its CEO

                                       (3)<PAGE>

                                                                  Exhibit 10.170

                                                                  EXECUTION COPY

                           THIRD AMENDED AND RESTATED

                              MANAGEMENT AGREEMENT

                                   BETWEEN THE

                       POKAGON BAND OF POTAWATOMI INDIANS

                                      AND

           GREAT LAKES GAMING OF MICHIGAN, LLC, (F/K/A GREAT LAKES OF
                                 MICHIGAN, LLC)

                          DATED AS OF JANUARY 25, 2006

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                           <C>
1. RECITALS ...............................................................    1

2. DEFINITIONS ............................................................    3
   "Agreement" ............................................................    3
   "Agreements" ...........................................................    3
   "Affiliate" ............................................................    3
   "Assignment and Assumption Agreement" ..................................    4
   "Band Event of Default" ................................................    4
   "Band Gaming Ordinance" ................................................    4
   "Band Interest Rate" ...................................................    4
   "Band Representatives" .................................................    4
   "Band Working Capital Advances" ........................................    4
   "Bank Closing" .........................................................    4
   "Bank Lender" ..........................................................    4
   "Bank Loan" ............................................................    4
   "BIA" ..................................................................    4
   "Business Board" .......................................................    4
   "Buy-Out Option" .......................................................    4
   "Calculation Year" .....................................................    5
   "Capital Budget" .......................................................    5
   "Capital Replacement(s)" ...............................................    5
   "Capital Replacement Reserve" ..........................................    5
   "Change of Control" ....................................................    5
   "Class II Gaming" ......................................................    5
   "Class III Gaming" .....................................................    5
   "Collateral Agreements" ................................................    5
   "Commencement Date" ....................................................    5
   "Compact" ..............................................................    5
   "Compensation" .........................................................    5
   "Confidential Information" .............................................    5
   "Constitution" .........................................................    6
   "Corporate Commission" .................................................    6
   "CRC" ..................................................................    6
   "Development Agreement" ................................................    6
   "Development Expenditures" .............................................    6
   "Disbursement Accounts" ................................................    6
   "Dominion Account" .....................................................    6
   "Dominion Agreement" ...................................................    6
   "Effective Date" .......................................................    6
   "Emergency Condition" ..................................................    6
   "Enterprise" ...........................................................    6
   "Enterprise Accounts" ..................................................    7
   "Enterprise Employee" ..................................................    7
   "Enterprise Employee Policies" .........................................    7
</TABLE>

                                        i

<PAGE>

<TABLE>
<S>                                                                           <C>
   "Enterprise Investment Policy" .........................................    7
   "Equipment Lender" .....................................................    7
   "Equipment Loan" .......................................................    7
   "Facility" .............................................................    7
   "Financial Support" ....................................................    7
   "Fiscal Year" ..........................................................    7
   "Furnishings and Equipment" ............................................    7
   "Gaming" ...............................................................    8
   "Gaming Regulatory Authority" or "GRA" .................................    8
   "Gaming Site" ..........................................................    8
   "Guaranty Reserve" .....................................................    8
   "General Manager" ......................................................    8
   "Generally Accepted Accounting Principles" or "GAAP" ...................    8
   "Governmental Action" ..................................................    8
   "Great Lakes" ..........................................................    8
   "Gross Gaming Revenue (Win)" ...........................................    8
   "Gross Revenues" .......................................................    9
   "House Bank" ...........................................................    9
   "IGRA" .................................................................    9
   "Insider" ..............................................................    9
   "Internal Control Systems" .............................................    9
   "Lakes" ................................................................    9
   "Lakes Certification" ..................................................    9
   "Lakes Development Loan" ...............................................    9
   "Lakes Development Note" ...............................................    9
   "Lakes Facility Loan" ..................................................    9
   "Lakes Facility Note" ..................................................    9
   "Lakes Refinancing Guaranty" ...........................................    9
   "Lakes Security Agreement" .............................................    9
   "Lakes Worldng Capital Advance Note" ...................................   10
   "Lakes Working Capital Advances" .......................................   10
   "Legal Requirements" ...................................................   10
   "Limited Recourse" .....................................................   10
   "Loans" ................................................................   11
   "Local Agreement" ......................................................   11
   "Manager" ..............................................................   11
   "Manager's Internal Expenses" ..........................................   11
   "Manager's Representatives" ............................................   11
   "Management Agreement" .................................................   11
   "Management Fee" .......................................................   11
   "Manager Event of Default" .............................................   11
   "Managing Officer" .....................................................   11
   "Marks" ................................................................   11
   "Material Adverse Change" ..............................................   11
   "Material Breach" ......................................................   11
   "Member of the Band Government" ........................................   11
</TABLE>

                                       ii

<PAGE>

<TABLE>
<S>                                                                           <C>
   "Minimum Balance" ......................................................   12
   "Minimum Guaranteed Monthly Payment" ...................................   12
   "Minimum Guaranteed Payment Advances" ..................................   12
   "Minimum Payment Note" .................................................   12
   "Monthly Distribution Payment" .........................................   12
   "National Indian Gaming Commission" or "NIGC" ..........................   12
   "Net Revenues" .........................................................   12
   "Net Revenues (gaming)" ................................................   12
   "Net Revenues (other)" .................................................   13
   "NIGC Approval" ........................................................   13
   "Non-Gaming Land Acquisition Line of Credit" ...........................   13
   "Operating Budget and Annual Plan" .....................................   13
   "Operating Expenses" ...................................................   14
   "Operating Supplies" ...................................................   15
   "Permitted Taxes" ......................................................   15
   "Plans and Specifications" .............................................   15
   "Pokagon Council" ......................................................   15
   "Pokagon Fund" .........................................................   15
   "Pre-Opening Budget" ...................................................   15
   "Pre-Opening Expenses" .................................................   16
   "Project" ..............................................................   16
   "Promotional Allowances" ...............................................   16
   "Relative" .............................................................   16
   "Remaining Loan Availability Amount" ...................................   16
   "Reserve Amount" .......................................................   16
   "Restoration Act" ......................................................   16
   "Restricted Territory" .................................................   16
   "Specific Performance Restriction" .....................................   16
   "State" ................................................................   16
   "Subsequent Gaming Facility Revenues" ..................................   16
   "Term" .................................................................   16
   "Transition Loan Note" .................................................   17
   "Tribal Distributions" .................................................   17

3. ENGAGEMENT; BUSINESS BOARD; COMPLIANCE .................................   17
   3.1.   Engagement of Manager ...........................................   17
   3.2.   Term ............................................................   17
   3.3.   Status of Gaming Site ...........................................   19
   3.4.   Creation and Operation of Business Board ........................   20
   3.5.   Manager Compliance with Law; Licenses ...........................   20
   3.6.   Compliance with Compact .........................................   20
   3.7.   Fire and Safety .................................................   20
   3.8.   Compliance with the National Environmental Policy Act ...........   20
   3.9.   Commencement Date ...............................................   21

4. BUSINESS AND AFFAIRS OF THE ENTERPRISE .................................   21
   4.1.   Manager's Authority and Responsibility ..........................   21
</TABLE>

                                       iii

<PAGE>

<TABLE>
<S>                                                                           <C>
   4.2.   Duties of Manager ...............................................   21
   4.3.   Damage, Condemnation or Impossibility of the Enterprise .........   22
   4.4.   Alcoholic Beverages and Tobacco Sales ...........................   22
   4.5.   Employees .......................................................   22
   4.6.   No Manager Internal Expenses; Limitation on Manager Payments ....   24
   4.7.   GRA Expenses ....................................................   25
   4.8.   Employee Background Checks ......................................   25
   4.9.   Indian Preference Recruiting and Training; Local Preference .....   25
   4.10.  Pre-Opening .....................................................   26
   4.11.  Operating Budget and Annual Plan ................................   27
   4.12.  Capital Budgets .................................................   29
   4.13.  Capital Replacements ............................................   30
   4.14.  Capital Replacement Reserve .....................................   30
   4.15.  Periodic Contributions to Capital Replacement Reserve ...........   30
   4.16.  Use and Allocation of Capital Replacement Reserve ...............   31
   4.17.  [intentionally omitted] .........................................   31
   4.18.  Internal Control Systems ........................................   31
   4.19.  Banking and Bank Accounts .......................................   31
   4.20.  Insurance .......................................................   33
   4.21.  Accounting and Books of Account .................................   34
   4.22.  Annual Audit ....................................................   36
   4.23.  Manager's Contractual Authority .................................   36
   4.24.  Retail Shops and Concessions ....................................   36
   4.25.  Entertainment Approvals .........................................   36
   4.26.  Litigation ......................................................   36

5. MANAGEMENT FEE, DISBURSEMENTS, AND OTHER PAYMENTS BY MANAGER ...........   37
   5.1.   Management Fee ..................................................   37
   5.2.   Fee Subordinated ................................................   37
   5.3.   Disbursements ...................................................   38
   5.4.   Adjustment to Bank Account ......................................   38
   5.5.   Payment of Fees and Band Disbursement ...........................   39
   5.6.   Minimum Guaranteed Monthly Payment ..............................   39
   5.7.   Payment of Net Revenues .........................................   41
   5.8.   Harrah's Termination Agreement ..................................   41
   5.9.   Band Indemnification - Indiana Casino ...........................   41
   5.10.  Maximum Dollar Amount for Recoupment ............................   41

6. ENTERPRISE NAME; MARKS .................................................   42
   6.1.   Enterprise Name .................................................   42
   6.2.   Marks ...........................................................   42
   6.3.   Signage .........................................................   42

7. TAXES ..................................................................   42
   7.1.   State and Local Taxes ...........................................   42
</TABLE>

                                       iv

<PAGE>

<TABLE>
<S>                                                                           <C>
   7.2.   Band Taxes ......................................................   42
   7.3.   Compliance with Internal Revenue Code ...........................   43

8. BUY-OUT OPTION .........................................................   43

9. EXCLUSIVITY; NON-COMPETITION ...........................................   43
   9.1.   Exclusivity in Michigan .........................................   43
   9.2.   Indiana Casino ..................................................   43
   9.3.   Non-Competition .................................................   44
   9.4.   Permitted Assignment; Change of Control .........................   44
   9.5.   Restrictions on Collateral Development ..........................   45

10. REPRESENTATIONS, WARRANTIES, AND COVENANTS ............................   45
   10.1.  Representations and Warranties of the Band ......................   45
   10.2.  Band Covenants ..................................................   46
   10.3.  Representations and Warranties of Manager and Lakes .............   47
   10.4.  Manager Covenants ...............................................   48
   10.5.  No Liens ........................................................   49
   10.6.  Permitted Liens .................................................   50
   10.7.  Brokerage .......................................................   50

11. DEFAULT ...............................................................   51
   11.1.  Events of Default by the Band ...................................   51
   11.2.  Events of Default by Manager ....................................   51
   11.3.  Material Breach; Right to Cure ..................................   52

12. TERMINATION ...........................................................   53
   12.1.  Voluntary Termination ...........................................   53
   12.2.  Termination if No NIGC Approval .................................   53
   12.3.  Manager Right to Terminate on Band Event of Default .............   53
   12.4.  Band Right to Terminate on Manager Event of Default .............   53
   12.5.  Band Right to Terminate for Material Adverse Change .............   53
   12.6.  Termination if Manager License Withdrawn or on Conviction .......   55
   12.7.  Termination on Buy-Out ..........................................   55
   12.8.  Involuntary Termination Due to Changes in Legal Requirements ....   55

13. DISPUTE RESOLUTION; LIQUIDATED DAMAGES ................................   56
   13.1.  Band's Waiver of Sovereign Immunity and Consent to Suit .........   56
   13.2.  Arbitration .....................................................   57
   13.3.  Limitation of Actions ...........................................   58
   13.4.  Damages on Termination for Failure to Obtain NIGC Approval ......   59
   13.5.  Liquidated Damages and Limitations on Remedies ..................   59
   13.6.  Manager Continuing Obligations ..................................   59
   13.7.  Termination of Exclusivity ......................................   60
   13.8.  Remedies ........................................................   60
   13.9.  Band Injunctive Relief ..........................................   60
   13.10. No Setoff Against Payments to Band ..............................   60
   13.11. Indemnification on Termination ..................................   60
   13.12. Fees not Damages ................................................   61
</TABLE>

                                        v

<PAGE>

<TABLE>
<S>                                                                           <C>
   13.13. Undistributed Net Revenues ......................................   61
   13.14. Damages for Governmental Action .................................   61

14. CONSENTS AND APPROVALS ................................................   61
   14.1.  Band ............................................................   61
   14.2.  Manager .........................................................   61
   14 3.  Business Board ..................................................   61

15. DISCLOSURES ...........................................................   61
   15.1.  Shareholders and Directors ......................................   61
   15.2.  Warranties ......................................................   62
   15.3.  Disclosure Amendments ...........................................   63
   15.4.  Breach of Manager's Warranties and Agreements ...................   63

16. NO PRESENT LIEN, LEASE OR JOINT VENTURE ...............................   63

17. CONCLUSION OF THE MANAGEMENT TERM .....................................   64

18. MISCELLANEOUS .........................................................   64
   18.1.  Situs of the Contracts ..........................................   64
   18.2.  Notice ..........................................................   64
   18.3.  Relationship ....................................................   65
   18.4.  Further Actions .................................................   65
   18.5.  Waivers .........................................................   65
   18.6.  Captions ........................................................   66
   18.7.  Severability ....................................................   66
   18.8.  Advances ........................................................   66
   18.9.  Third Party Beneficiary .........................................   66
   18.10. Survival of Covenants ...........................................   66
   18.11. Estoppel Certificate ............................................   66
   18.12. Periods of Time; Time of Essence ................................   66
   18.13. Exhibits ........................................................   66
   18.14. Successors and Assigns ..........................................   67
   18.15. Confidential and Proprietary Information ........................   67
   18.16. Patron Dispute Resolution .......................................   67
   18.17. Modification ....................................................   67
   18.18. Entire Agreement ................................................   67
   18.19. Government Savings Clause .......................................   69
   18.20. Preparation of Agreement ........................................   70
   18.21. Consents ........................................................   70
   18.22. Execution .......................................................   70
   18.23. Limited Joinder .................................................   70
</TABLE>

                                       vi

<PAGE>

                                LIST OF EXHIBITS

Exhibit A Gaming Site
Exhibit B Pending Band Litigation

                                       vii

<PAGE>

                                                                  EXECUTION COPY

                 THIRD AMENDED AND RESTATED MANAGEMENT AGREEMENT

     THIS THIRD AMENDED AND RESTATED MANAGEMENT AGREEMENT has been entered into
as of January 25, 2006, by and between the POKAGON BAND OF POTAWATOMI INDIANS
(the "Band"), and GREAT LAKES GAMING OF MICHIGAN, LLC, a Minnesota limited
liability company (f/k/a Great Lakes of Michigan, LLC) ("Manager" or "Great
Lakes") for the operation of a gaming facility in the State of Michigan.

1.   RECITALS

1.1. The Band, pursuant to 25 U.S.C. Sections 1300j et seq. (the "Restoration
     Act"), is a federally recognized Indian tribe recognized as eligible by the
     Secretary of the Interior 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.

1.2. As authorized by the Restoration Act, the Band intends to acquire the
     Gaming Site in the State of Michigan, to be held by the federal government
     in trust for the Band, on which the Band intends to construct and operate a
     permanent Class III gaming facility (the "Facility"); and the Band will
     possess sovereign governmental powers over the Gaming Site pursuant to the
     Band's recognized powers of self government, and the Band desires to use
     the Gaming Site to improve the economic conditions of its members.

1.3. Upon the transfer of the Gaming Site to the United States in trust for the
     Band, the Band will possess sovereign powers over the Gaming Site pursuant
     to the Band's recognized powers of self-government.

1.4. The Band desires to use the Gaming Site and the Facility to improve the
     economic conditions of its members, to enable it to serve the social,
     economic, educational and health needs of the Band, to increase the
     revenues of the Band and to enhance the Band's economic self sufficiency
     and self determination.

1.5. The Band wishes to establish an Enterprise, as hereinafter defined, to
     conduct Class II and Class III Gaming as hereinafter defined on the Gaming
     Site. This Agreement sets forth the manner in which the Enterprise will be
     managed.

1.6. Manager has agreed to certain terms and has represented to the Band that it
     has the managerial and financial capacity to provide and to secure
     financing for the funds necessary to develop and construct the Facility, as
     defined herein, and to commence the operation of the Enterprise on the
     Gaming Site.

                                        1

<PAGE>

1.7. The Band is seeking technical experience and expertise for the operation of
     the Enterprise and instruction for members of the Band in the operation of
     the Enterprise. Manager is willing, and has represented to the Band that it
     is able, to provide such experience, expertise and instruction.

1.8. The Band desires to grant Manager the exclusive right and obligation to
     develop, manage, operate and maintain the Enterprise as described in this
     Agreement and to train Band members and others in the operation and
     maintenance of the Enterprise during the term of this Agreement. Manager
     wishes to perform these functions for the Band.

1.9. The Band and Lakes Entertainment, Inc., f/k/a Lakes Gaming, Inc. ("Lakes")
     entered into a Management Agreement dated as of July 8, 1999 (the
     "Management Agreement").

1.10. Lakes has assigned its rights and obligations under the Management
     Agreement to Great Lakes pursuant to an Assignment and Assumption Agreement
     dated as of October 16, 2000, subject to certain terms and conditions.

1.11. Great Lakes and the Band entered into a First Amended and Restated
     Management Agreement dated as of October 16, 2000 (the "First Amended
     Management Agreement").

1.12. Great Lakes and the Band entered into a Second Amended and Restated
     Management Agreement dated as of December 22, 2004 (the "Second Amended
     Management Agreement").

1.13. Pursuant to a Third Amended and Restated Development Agreement of near or
     even date, Great Lakes has agreed to furnish certain additional financing
     and to provide certain other assistance with regard to the Facility. For
     example:

     -    The cost of developing, constructing and equipping the Initial Phase
          of the Project is now understood as totaling approximately
          $298,000,000, which will be financed as follows: the Lakes Development
          Loan in the amount of $46,000,000, and an additional $252,000,000 to
          be provided by an Equipment Loan and a Bank Loan. To the extent that
          the Band is unable to raise additional funding of $252,000,000 from
          third parties at an interest rate not to exceed 13% (the "252MM
          Shortfall"), Great Lakes shall provide $54,000,000 (or such lesser
          amount as may be necessary to make up the 252MM Shortfall) through, at
          its option, a direct loan, third party loans enabled by credit
          enhancements provided by Great Lakes, or third-party loans with
          interest subsidies provided by Great Lakes, in each case an interest
          rate not to exceed 13%, such $54,000,000 loan and the Lakes
          Development Loan to be subordinated to certain other third-party
          financing.

                                        2

<PAGE>

          Great Lakes shall not have any other responsibility to fund, or
          provide credit enhancements or interest subsidies for, the 252MM
          Shortfall (if any); and

     -    Great Lakes has funded under the Lakes Development Loan approximately
          $23,653,525 as of January 25, 2006 for long-lead-time items and to
          permit the Band to start preliminary site work that can be done now
          under local and/or county or state permits and, to the extent
          necessary, permits from the Band or the federal government.

Great Lakes and the Band have agreed that the term of this Agreement shall begin
on the date this Agreement, the Development Agreement (if required) and the
Lakes Development Note (if required) are approved by the Chairman of the NIGC,
and/or the BIA (if required), and continue until, unless earlier terminated in
accordance with its terms, seven (7) years from commencement of Gaming at the
Initial Phase of the Facility, provided that the Term of the Management
Agreement will be five (5) years from the Commencement Date if (a) the
Development Expenditures of the Initial Phase of the Facility are equal to or
more than $138,000,000, and (b) Lakes' Financial Support for such Initial Phase
has not exceeded $46,000,000, as provided in Section 3.2 of this Agreement.

1.14. This Agreement is entered into pursuant to the Indian Gaming Regulatory
     Act of 1988, PL 100-497, 25 U.S.C. Section 2701 et seq. (the "IGRA") as
     that statute may be amended. All gaming conducted at the Facility will at
     all times comply with the IGRA, applicable Band law and the Compact.

1.15. This Third Amended and Restated Management Agreement incorporates certain
     amendments to the First Amended Management Agreement and the Second Amended
     Management Agreement agreed to by the parties and is intended to conform
     this Agreement to the requirements of the National Indian Gaming
     Commission.

2.   DEFINITIONS

As they are used in this Agreement, the terms listed below shall have the
meaning assigned to them in this Section:

     "AGREEMENT" shall mean this Management Agreement.

     "AGREEMENTS" shall mean this Agreement and the Development Agreement.

     "AFFILIATE" means as to Manager or Lakes, any corporation, partnership,
limited liability company, joint venture, trust department or agency or
individual controlled by,

                                        3

<PAGE>

under common control with, or which directly or indirectly controls, Manager or
Lakes; and as to the Band, any corporation, partnership, limited liability
company, joint venture, trust department or agency or individual controlled by,
under common control with, or which directly or indirectly controls, the Band.

     "ASSIGNMENT AND ASSUMPTION AGREEMENT" means the Assignment and Assumption
Agreement among Manager, Lakes and the Band dated as of October 16, 2000, as
amended by First Amendment dated as of December 22, 2004 and a Second Amended
and Restated Assignment and Assumption Agreement dated as of January 25, 2006.

     "BAND EVENT OF DEFAULT" has the meaning described in Section 11.1.

     "BAND GAMING ORDINANCE" shall mean the ordinance and any amendments thereto
to be enacted by the Band, which authorizes and regulates Class II and Class III
Gaming on Indian lands subject to the governmental power of the Band.

     "BAND INTEREST RATE" shall mean the lesser of (a) Wall Street Journal prime
rate as of the Bank Closing plus 1%, or (b) 10%.

     "BAND REPRESENTATIVES" shall mean the persons designated by the Pokagon
Council to sit on the Business Board.

     "BAND WORKING CAPITAL ADVANCES" shall have the meaning set out in Section
5.3.2 below.

     "BANK CLOSING" means the closing on the Bank Loan.

     "BANK LENDER" shall mean one or more financial institutions agreed upon by
the parties to provide certain funding necessary to design, construct, and equip
the Facility, and provide start-up capital for the Enterprise.

     "BANK LOAN" shall have the meaning defined in the Development Agreement.

     "BIA" shall mean the Bureau of Indian Affairs of the Department of the
Interior of the United States of America.

     "BUSINESS BOARD" shall mean the decision making body created pursuant to
Section 3.4 of this Agreement.

     "BUY-OUT OPTION" shall mean the Band's option to buy out this Agreement
under Section 8.

                                        4

<PAGE>

     "CALCULATION YEAR" shall mean the twelve (12) month period commencing on
the Commencement Date and each successive twelve (12) month period.

     "CAPITAL BUDGET" shall mean the capital budget described in Section 4.12.

     "CAPITAL REPLACEMENT(S)" shall mean any alteration or rebuilding or
renovation of the Facility, and any replacement of Furnishings and Equipment,
the cost of which is capitalized and depreciated rather than being expensed
under GAAP.

     "CAPITAL REPLACEMENT RESERVE" shall mean the reserve described in Section
4.14, into which periodic contributions are paid pursuant to Section 4.15.

     "CHANGE OF CONTROL" shall have the meaning set out in Section 9.4.3.

     "CLASS II GAMING" shall mean Class II Gaming as defined in the IGRA.

     "CLASS III GAMING" shall mean Class III Gaming as defined in the IGRA.

     "COLLATERAL AGREEMENTS" shall mean any agreements defined as collateral
agreements under 25 USC Section 271l(a)(3) and regulations issued thereto at 25
C.F.R. Section 502.5.

     "COMMENCEMENT DATE" shall mean the first date that Gaming is conducted
pursuant to the terms of the Management Agreement in a Facility, including
Gaming conducted on completion of the Initial Phase of the Facility.

     "COMPACT" shall mean the Compact between the Band and the State dated
December 3, 1998 and approved in 64 Fed. Reg. No. 32, Thursday, February 18,
1999, at 8111, as the same may, from time to time, be amended; or such other
compact or consent decree that may be substituted therefor.

     "COMPENSATION" shall mean the direct salaries and wages paid to, or accrued
for the benefit of, any employee, including incentive compensation, together
with all fringe benefits payable to or accrued for the benefit of such executive
or other employee, including employer's contribution under F.I.C.A.,
unemployment compensation or other employment taxes, pension fund contributions,
workers' compensation, group life, accident and health insurance premiums and
costs, and profit sharing, severance, retirement, disability, relocation,
housing and other similar benefits.

     "CONFIDENTIAL INFORMATION" shall mean the information described in Section
18.15.

                                        5

<PAGE>

     "CONSTITUTION" shall mean the document or documents which govern the
actions of the Band and, upon enactment, the Constitution of the Pokagon Band of
Potawatomi Indians as ultimately approved by the Band and approved by the
Secretary of the Interior.

     "CORPORATE COMMISSION" shall mean a body corporate and politic established,
at the Band's discretion, by the Pokagon Council to own the Enterprise and such
other businesses and assets as the Band may deem appropriate.

     "CRC" means Casino Resource Corporation, a Minnesota corporation and its
Insiders.

     "DEVELOPMENT AGREEMENT" shall mean the agreement dated as of July 8, 1999
between Lakes and the Band, as assumed by Manager under the Assignment and
Assumption Agreement and as amended and restated by the First Amended and
Restated Development Agreement dated as of October 16, 2000, by the Second
Amended and Restated Development Agreement dated as of December 22, 2004 and the
Third Amended and Restated Development Agreement dated as of January 25, 2006.

     "DEVELOPMENT EXPENDITURES" shall have the meaning defined in the
Development Agreement.

     "DISBURSEMENT ACCOUNTS" shall mean the bank account or accounts described
in Section 4.19.3.

     "DOMINION ACCOUNT" mean the collateral account in favor of Great Lakes
established under Section 4.19.2.

     "DOMINION AGREEMENT" shall have the meaning defined in the Development
Agreement.

     "EFFECTIVE DATE" shall have the meaning provided in Section 18.22.

     "EMERGENCY CONDITION" shall have the meaning set forth in Section 4.13.

     "ENTERPRISE" shall mean the enterprise of the Band created by the Band to
engage in Class II and Class III Gaming at the Facility, and which shall include
all gaming at the Facility and any other lawful commercial activity allowed in
the Facility, including but not limited to the sale of alcohol, tobacco, gifts
and souvenirs; provided, however, the Enterprise shall only include any hotel
operated by the Band, ancillary non-Gaming activity within the Facility, or
other commercial enterprise conducted by the Band which is not generally related
to Class II or Class III Gaming if such hotel, non-Gaming activity or other
commercial enterprise (a) is financed by, or through the guaranty of, Manager,
(b) is specifically included within the Initial Scope of Work or the Final Scope
of Work

                                        6

<PAGE>

or is not a material expansion of the Initial Scope of Work or the Final Scope
of Work, or (c) is specified by the Business Board and the Pokagon Council as
being included in the Enterprise, in which case depreciation and other expenses
relating to such hotel, non-Gaming activity or other commercial enterprise shall
be an Operating Expense, all related revenues shall be included in Gross
Revenues, and interest on all related financing shall be paid by the Enterprise;
and provided further that the Enterprise shall not include a tribal gift/craft
business which the Band may elect to operate, rent free, on an area of about
2,400 square feet at the Facility. The design and operation of such gift/craft
shop shall be consistent with the theme and quality of the Facility, and the
location of such gift/craft shop shall be approved by the Business Board.

     "ENTERPRISE ACCOUNTS" shall mean those accounts described in Section
4.19.1.

     "ENTERPRISE EMPLOYEE" shall mean all employees who work at the Facility.

     "ENTERPRISE EMPLOYEE POLICIES" shall mean those employee policies described
in Section 4.5.2.

     "ENTERPRISE INVESTMENT POLICY" SHALL have the meaning described in Section
4.19.1.

     "EQUIPMENT LENDER" shall mean the entity making the Equipment Loan.

     "EQUIPMENT LOAN" shall have the meaning provided in the Development
Agreement.

     "FACILITY" shall mean all buildings, structures, and improvements located
on the Gaming Site and all fixtures, Furnishings and Equipment attached to,
forming a part of, or necessary for the operation of the Enterprise.

     "FINANCIAL SUPPORT" shall have the meaning described in Section 3.2.1.

     "FISCAL YEAR" shall mean commencing as of the Commencement Date, each
twelve (12) month period or portion thereof ending on September 30 of each year
as currently used by the Band as the fiscal year for its financial statements.

     "FURNISHINGS AND EQUIPMENT" shall mean all furniture, furnishings and
equipment required for the operation of the Enterprise in accordance with the
standards set forth in this Agreement, including, without limitation:

     (i)  cashier, money sorting and money counting equipment, surveillance and
          communication equipment, and security equipment;

     (ii) slot machines, video games of chance, table games, keno equipment and
          other gaming equipment;

                                        7

<PAGE>

     (iii) office furnishings and equipment;

     (iv) hotel equipment (to the extent a hotel is included in the Enterprise);

     (v)  specialized equipment necessary for the operation of any portion of
          the Enterprise for accessory purposes, including equipment for
          kitchens, laundries, dry cleaning, cocktail lounges, restaurants,
          public rooms, commercial and parking spaces, child care, arcades and
          recreational facilities; and

     (vi) all other furnishings and equipment hereafter located and installed in
          or about the Facility which are used in the operation of the
          Enterprise in accordance with the standards set forth in this
          Agreement.

     "GAMING" shall mean any and all activities defined as Class II and Class
III Gaming.

     "GAMING REGULATORY AUTHORITY" or "GRA" shall mean the Band body created
pursuant to the Band Gaming Ordinance to regulate the Class II and Class III
Gaming of the Band in accordance with the Compact, the IGRA and the Band Gaming
Ordinance.

     "GAMING SITE" shall mean the parcels of land in New Buffalo, Michigan
described on the attached Exhibit A.

     "GUARANTY RESERVE" shall have the meaning described in Section
9.2.1(a)((ii)(A) of the Development Agreement.

     "GENERAL MANAGER" shall mean the person employed by the Band to direct the
operation of the Enterprise.

     "GENERALLY ACCEPTED ACCOUNTING PRINCIPLES" or "GAAP" shall mean the
principles defined by the Financial Accounting Standards Board.

     "GOVERNMENTAL ACTION" means any resolution, ordinance, statute, regulation,
order or decision of the Band or any instrumentality or agency of the Band,
regardless of how constituted, that has the force of law.

     "GREAT LAKES" means Great Lakes Gaming of Michigan, LLC, a Minnesota
limited liability company (f/k/a Great Lakes of Michigan, LLC).

     "GROSS GAMING REVENUE (WIN)" shall mean the net win from gaming activities
which is the difference between gaming wins and losses before deducting costs
and expenses.

                                        8

<PAGE>

     "GROSS REVENUES" shall mean all revenues of any nature derived directly or
indirectly from the Enterprise including, without limitation, Gross Gaming
Revenue (Win), food and beverage sales and other rental or other receipts from
lessees, sublessees, licensees and concessionaires (but not the gross receipts
of such lessees, sublessees, licensees and concessionaires provided that such
lessees, sublessees, licensees and concessionaires are not Affiliates or
Insiders of Manager or Lakes), and revenue recorded from Promotional Allowances,
but excluding any Permitted Taxes.

     "HOUSE BANK" shall mean the amount of cash, chips, tokens and plaques that
Manager from time to time determines necessary to have at the Facility daily to
meet its cash needs.

     "IGRA" shall mean the Indian Gaming Regulatory Act of 1988, PL 100-497, 25
U.S.C. Section 2701 et seq. as it may from time to time be amended.

     "INSIDER" has the meaning defined in 11 U.S.C. Section 101(31), assuming
Manager and Lakes were both the debtor in that definition, and shall include
persons or entities that become Insiders after the date of this Agreement,
whether as the result of a merger, acquisition, restructuring or otherwise.
"INTERNAL CONTROL SYSTEMS" shall mean the systems described in Section 4.18.

     "LAKES" shall mean both Lakes Entertainment, Inc., f/k/a Lakes Gaming,
Inc., a Minnesota corporation, and Lakes Gaming and Resorts, LLC, a Minnesota
limited liability company. "LAKES CERTIFICATION"HAS the meaning defined in
Section 15.1 of this Agreement.

     "LAKES DEVELOPMENT LOAN" shall have the meaning defined in the Development
Agreement.

     "LAKES DEVELOPMENT Note" shall have the meaning defined in the Development
Agreement.

     "LAKES FACILITY LOAN" shall mean the Loan to be made by Great Lakes to the
Band pursuant to Section 9.2.4 of the Development Agreement. The Lakes Facility
Loan shall not include any loan to the extent it is subject to a Lakes
Refinancing Guaranty.

     "LAKES FACILITY Note" shall have the meaning defined in the Development
Agreement.

     "LAKES REFINANCING GUARANTY"SHALL have the meaning defined in the
Development Agreement.

     "LAKES SECURITY AGREEMENT" shall have the meaning defined in the
Development Agreement.

                                        9

<PAGE>

     "LAKES WORKING CAPITAL ADVANCE NOTE" shall have the meaning defined in the
Development Agreement.

     "LAKES WORKING CAPITAL ADVANCES" shall have the meaning set out in Section
5.3.1 below.

     "LEGAL REQUIREMENTS" shall mean any and all present and future judicial,
administrative, and tribal rulings or decisions, and any and all present and
future federal, state, local and tribal laws, ordinances, rules, regulations,
permits, licenses and certificates, in any way applicable to the Band, Manager,
the Gaming Site, the Facility and the Enterprise, including without limitation,
the IGRA, the Compact, and the Band Gaming Ordinance.

     "LIMITED RECOURSE" shall mean that all Loans and all liabilities of the
Band under or related to the Agreements and the other Transaction Documents, the
Enterprise or the Gaming Regulatory Authority, and any related awards, judgments
or decrees, shall be payable solely out of undistributed or future Net Revenues
of the Enterprise and shall be a limited recourse obligation of the Band, with
no recourse to tribal assets other than such Net Revenues (except (i), as to the
Equipment Loan, a security interest in the Furnishings and Equipment purchased
with Equipment Loan proceeds, (ii) a security interest in the Furnishings and
Equipment to the extent proceeds of the Lakes Development Loan or the Lakes
Facility Loan were used to fund acquisition of Furnishings and Equipment, and as
otherwise permitted under Section 9.2.l(j) of the Development Agreement, (iii)
if the Commencement Date does not occur, Subsequent Gaming Facility Revenues to
the extent provided in the Development Agreement, (iv) mortgages on the
Non-Gaming Lands prior to their transfer into trust, and (v) after the
Commencement Date occurs, funds on deposit in the Dominion Account to the extent
provided in Section 9.2.1 (j) of the Development Agreement and the Dominion
Agreement, or in any other dominion agreement executed by the Band). In no event
shall Great Lakes, Lakes or any lender or other claimant have recourse to (a)
the physical property of the Facility (other than Furnishings and Equipment
subject to the security interest securing the Equipment Loan and the security
interest of Great Lakes, if any), (b) Tribal Distributions, (c) assets of the
Band purchased with Tribal Distributions, (d) revenues or assets of any other
gaming facility owned or operated by the Band, or (e) any other asset of the
Band (other than (i) as to the Transition Loan and the Non-Gaming Acquisition
Line of Credit, if the Commencement Date does not occur, Subsequent Gaming
Facility Revenues to the extent provided in the Development Agreement, (ii) as
to the Lakes Development Note and the Non-Gaming Acquisition Line of Credit,
mortgages on the Non-Gaming Lands prior to their transfer into trust, (iii)
funds on deposit in the Dominion Account to the extent provided in the
Agreements, the Dominion Agreement and any other dominion agreement executed by
the Band, and (iv) such Net Revenues of the Enterprise).

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     "LOANS" shall mean the Lakes Development Loan, the Lakes Facility Loan, the
Lakes Working Capital Advances, the Minimum Payment Note, the Bank Loan and the
Equipment Loan.

     "LOCAL AGREEMENT" shall mean the agreement among the Band, the City of New
Buffalo and the Township of New Buffalo dated as of February 15, 2000.

     "MANAGER" shall mean Great Lakes Gaming of Michigan, LLC.

     "MANAGER'S INTERNAL EXPENSES" shall mean Manager's and Lakes' corporate
overhead, including without limitation salaries or benefits of any of Manager's
and Lakes' officers and employees, whether or not they perform services for the
Project or the Enterprise, and any travel or other expenses of Manager's and
Lakes' employees.

     "MANAGER'S REPRESENTATIVES" shall mean the persons designated by Manager to
sit on the Business Board.

     "MANAGEMENT AGREEMENT" shall mean this Agreement and may be referred to
herein as the "Agreement".

     "MANAGEMENT FEE shall mean the management fee described in Section 5.1.

     "MANAGER EVENT OF DEFAULT" has the meaning described in Section
11.2."MANAGING OFFICER" shall mean the person designated by Manager to serve as
a liaison between Manager and the Band and to serve on the Business Board.

     "MARKS" means all trade names, trade marks and service marks used by the
Facility or the Enterprise.

     "MATERIAL ADVERSE CHANGE" shall mean a material adverse change in Lakes' or
Great Lakes' financial condition which materially and substantially impairs
Lakes' or Great Lakes' respective ability to perform under the Agreements and
the Guaranty.

     "MATERIAL BREACH" means a failure of any party to perform any material duty
or obligation on its part, if such party fails to (i) cure the specified default
within thirty (30) days following receipt of the notice provided under Section
11.3, or (ii) if the default is not capable of being cured within 30 days,
commences such cure within 30 days, proceeds diligently to complete the cure,
and completes the cure no later than 90 days after receipt of such notice.

     "MEMBER OF THE BAND GOVERNMENT" shall mean any member of the Pokagon
Council, the GRA or any independent board or body created to oversee any aspect
of Gaming and any Pokagon court official.

                                       11

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     "MINIMUM BALANCE" shall mean the amount described in Section 4.19.1.

     "MINIMUM GUARANTEED MONTHLY PAYMENT" shall mean the payment due the Band
each month commencing in the month after the Commencement Date occurs in
accordance with 25 U.S.C. Section 271 l(b)(3) and Section 5.6 hereof.

     "MINIMUM GUARANTEED PAYMENT ADVANCES" shall have the meaning set out in
Section 5.6.2 and shall be subject to repayment to the limited extent provided
in that section.

     "MINIMUM PAYMENT NOTE" shall have the meaning defined in the Development
Agreement.

     "MONTHLY DISTRIBUTION PAYMENT" shall have the meaning set forth in Section
5.5.

     "NATIONAL INDIAN GAMING COMMISSION" OR "NIGC" means the commission
established pursuant to 25 U.S.C. Section 2704.

     "NET REVENUES" shall mean the sum of "Net Revenues (gaming)" and "Net
Revenues (other)".

     "NET REVENUES (GAMING)" shall mean the Gross Gaming Revenue (Win), of the
Enterprise from Class II or Class III gaming less all gaming related Operating
Expenses, excluding the Management Fee, and less the retail value of any
Promotional Allowances, and less the following revenues actually received by the
Enterprise and included in Gross Revenues:

     (i)  any gratuities or service charges added to a customer's bill:

     (ii) any credits or refunds made to customers, guests or patrons;

     (iii) any sums and credits received by the Enterprise for lost or damaged
          merchandise;

     (iv) any sales taxes, excise taxes, gross receipt taxes, admission taxes,
          entertainment taxes, tourist taxes or charges received from patrons
          and passed on to a governmental or quasi governmental entity,
          including without limitation any Permitted Taxes;

     (v)  any proceeds from the sale or other disposition of furnishings and
          equipment or other capital assets;

     (vi) any fire and extended coverage insurance proceeds other than for
          business interruption;

     (vii) any condemnation awards other than for temporary condemnation; and

                                       12

<PAGE>

     (viii) any proceeds of financing or refinancing.

It is intended that this provision be consistent with 25 U.S.C. Section 2703(9).

     "NET REVENUES (OTHER)" shall mean all Gross Revenues of the Enterprise from
all other sources in support of Class II or Class III gaming not included in
"Net Revenues (gaming)," such as food and beverage, hotel, entertainment and
retail (in each case, only to the extent such Gross Revenues are derived from
activities included in the Enterprise, in accordance with the definition
thereof), less all Operating Expenses, excluding the Management Fee and less the
retail value of Promotional Allowances, if any, and less the following revenues
actually received by the Enterprise and included in Gross Revenues:

     (i)  any gratuities or service charges added to a customer's bill;

     (ii) any credits or refunds made to customer, guests or patrons;

     (iii) any sums and credits received by the Enterprise for lost or damaged
          merchandise;

     (iv) any sales taxes, excise taxes, gross receipt taxes, admission taxes,
          entertainment taxes, tourist taxes or charges received from patrons
          and passed on to a governmental or quasi governmental entity,
          including without limitation any Permitted Taxes;

     (v)  any proceeds from the sale or other disposition of furnishing and
          equipment or other capital assets;

     (vi) any fire and extended coverage insurance proceeds other than for
          business interruption;

     (vii) any condemnation awards other than for temporary condemnation; and

     (viii) any proceeds of financing or refinancing.

It is intended that this provision be consistent with 25 U.S.C. Section 2703(9).

     "NIGC APPROVAL" means the written approval by the NIGC of this Agreement.

     "NON-GAMING LAND ACQUISITION LINE OF CREDIT" shall have the meaning defined
in the Development Agreement.

     "OPERATING BUDGET AND ANNUAL PLAN" shall mean the operating budget and plan
described in Section 4.11.

                                       13

<PAGE>

     "OPERATING EXPENSES" shall mean all expenses of the operation of the
Enterprise (but, as to hotels and other non-casino activities, only to the
extent such Operating Expenses are incurred in activities included in the
Enterprise, in accordance with the definition thereof), pursuant to GAAP,
including but not limited to the following:

     (i)  the Compensation of Enterprise Employees;

     (ii) Operating Supplies for the Enterprise;

     (iii) utilities;

     (iv) repairs and maintenance of the Facility (excluding Capital
          Replacements)

     (v)  interest on the Loans and all other loans or capital leases pertaining
          to the Facility and the Enterprise, but shall exclude interest on the
          Non-Gaming Land Acquisition Line of Credit and the Transition Loan;

     (vi) interest on installment contract purchases or other interest charges
          on debt approved by the Business Board;

     (vii) insurance and bonding;

     (viii) advertising and marketing, including busing and transportation of
          patrons to the Facility;

     (ix) accounting, audit, legal and other professional fees;

     (x)  security costs;

     (xi) operating lease payments for Furnishings and Equipment to the extent
          approved by the Business Board, and capital lease payments to the
          extent approved by the Business Board and properly expensed under
          GAAP;

     (xii) trash removal;

     (xiii) cost of goods sold;

     (xiv) other expenses designated as Operating Expenses in accordance with
          the accounting standards as referred to in Section 4.21.3;

     (xv) expenses specifically designated as Operating Expenses in this
          Agreement;

     (xvi) depreciation and amortization of the Facility based on an assumed 30
          year life, and depreciation and amortization of all other assets in
          accordance with GAAP;

                                       14

<PAGE>

     (xvii) recruiting and training expenses;

     (xviii) fees due to the NIGC under the IGRA;

     (xix) any required payments to or on behalf of the State, any local
          governments or the Pokagon Fund made by or on behalf of the Enterprise
          or the Band pursuant to the Compact or any related consent decree, or
          pursuant to the Local Agreement;

     (xx) any budgeted charitable contributions by the Enterprise for the
          benefit of charities located or providing services in the vicinity of
          the Gaming Site which are approved by the Business Board;

     (xxi) Pre-opening expenses shall be capitalized and treated as an expense
          during the first year after opening; and

     (xxii) charges, assessments, fines or fees imposed by governmental entities
          of the Band which are reasonably related to the cost of Tribal
          governmental regulation of public health, safety or welfare, or the
          integrity of Tribal gaming operations.

but Operating Expenses shall not include any portion of Manager's Internal
Expenses or Permitted Taxes (other than as described in clause xxiii above).

     "OPERATING SUPPLIES" shall mean food and beverages (alcoholic and
nonalcoholic) and other consumable items used in the operation of a casino, such
as playing cards, tokens, chips, plaques, dice, fuel, soap, cleaning materials,
matches, paper goods, stationary and all other similar items.

     "PERMITTED TAXES" shall mean taxes, fees, assessments or other charges
imposed by the Band that are permitted under Section 7.2.

     "PLANS AND SPECIFICATIONS" shall mean the final Plans and Specifications
approved for the Facility as described in the Development Agreement.

     "POKAGON COUNCIL" shall mean the duly elected, governing legislative body
of the Band described pursuant to Public Law 102-323 or, at the option of the
Band, a designee committee or council created pursuant to resolution or
ordinance of the Pokagon Council.

     "POKAGON FUND" shall mean the non-profit corporation established pursuant
to the Local Agreement.

     "PRE-OPENING BUDGET" shall have the meaning described in Section 4.10.

                                       15

<PAGE>

     "PRE-OPENING EXPENSES" shall have the meaning described in Section 4.10.

     "PROJECT" shall have the meaning described in Section 4.1 of the
Development Agreement.

     "PROMOTIONAL ALLOWANCES" shall mean the retail value of complimentary food,
beverages, merchandise, and tokens for gaming, provided to patrons as
promotional items.

     "RELATIVE" shall mean an individual residing in the same household who is
related as a spouse, father, mother, son or daughter.

     "REMAINING LOAN AVAILABILITY AMOUNT" SHALL have the meaning described in
Section 9.2.1(a)((ii)(A) of the Development Agreement.

     "RESERVE AMOUNT" shall have the meaning described in Section
9.2.1(a)((ii)(A) of the Development Agreement.

     "RESTORATION ACT" shall mean 25 U.S.C. Sections 1300j et seq.

     "RESTRICTED TERRITORY" shall mean the States of Ohio, Illinois, Indiana and
Michigan.

     "SPECIFIC PERFORMANCE RESTRICTION" shall mean that no arbitrator or court
shall have the power to compel, overturn, negate or in any manner modify any
Governmental Action; but such restriction shall not prevent an arbitrator from
determining that the taking of any Governmental Action or the failure to take
any Governmental Action, which is not caused by a breach of Great Lakes or
Lakes' obligations under the Agreements or the Guaranty, constitutes a breach of
this Agreement by the Band or the impairment of rights of Great Lakes under this
Agreement; and which therefore results in liability on the part of the Band for
damages in favor of Great Lakes as provided in this Agreement and enforcement of
the obligations of the Band to Great Lakes, including any security agreements
and collateral instruments, in accordance with their terms.

     "STATE" shall refer to the State of Michigan.

     "SUBSEQUENT GAMING FACILITY REVENUES" means gaming revenues from a gaming
facility (including the Facility) owned or operated by the Band in Michigan, but
only to the following extent: (i) all Class III Gaming Net Revenue, and (ii)
Class II Gaming Net Revenue to the extent that such Class II Net Revenue exceeds
$1,000,000.

     "TERM" shall mean the term of this Agreement as described in Section 3.2.

                                       16

<PAGE>

     "TRANSITION LOAN NOTE" shall have the meaning defined in the Development
Agreement.

     "TRIBAL DISTRIBUTIONS" shall mean Monthly Distribution Payments, Minimum
Guaranteed Monthly Payments and any other payments received by the Band from the
Enterprise pursuant to or in connection this Agreement.

2.1. Terms defined in the Development Agreement not otherwise defined in this
Agreement shall have the same meaning herein as therein.

3. ENGAGEMENT; BUSINESS BOARD; COMPLIANCE

In consideration of the mutual covenants contained in this Agreement, the
parties agree and covenant as follows:

3.1. Engagement of Manager. The Band hereby retains and engages Manager as the
exclusive manager of the Enterprise pursuant to the terms and conditions of this
Agreement, and Manager hereby accepts such retention and engagement, subject to
receipt of all necessary regulatory approvals.

3.2. Term. The term of this Agreement shall begin on the date this Agreement,
the Development Agreement (if required) and the Lakes Development Note (if
required) are approved by the Chairman of the NIGC, and/or the BIA if required,
and continue until, unless earlier terminated in accordance with its terms,
seven (7) years from commencement of Gaming at the Initial Phase of the
Facility, provided that the Term of the Management Agreement will be five (5)
years from the Commencement Date if (i) the Development Expenditures of the
Initial Phase of the Facility are equal to or more than $138,000,000, and (ii)
Lakes' Financial Support for such Initial Phase has not exceeded $46,000,000.

     3.2.1. "Financial Support"shall be defined for purposes of this subsection
          as the sum of the following:

               (a)  the maximum amount of principal outstanding under the Lakes
                    Development Loan and the Lakes Facility Loan (if provided
                    directly by Great Lakes) as of the Commencement Date or any
                    time prior thereto, plus the amount of any Guaranty Reserves
                    established with respect thereto that are outstanding as of
                    the Commencement Date, plus

               (b)  subject to the limits provided in Section 3.2.2(d), the
                    maximum amount, as of the Commencement Date or any time
                    prior thereto, of the greater of the principal

                                       17

<PAGE>

                    amounts outstanding or the principal amounts of the
                    commitments under any other Loans (including the Lakes
                    Facility Loan if provided by a party other than Great Lakes)
                    for which Great Lakes or Lakes have with the consent of the
                    Band provided guaranties or other credit enhancements
                    (including without limitation, any construction completion
                    guaranty granted by Great Lakes or Lakes as a credit
                    enhancement of the Bank Loan and/or Equipment Loan) or
                    interest subsidies, excluding the portion of guarantees,
                    credit enhancements or interest subsidies to the extent of
                    the maximum amount of any Guaranty Reserves, as of the
                    Commencement Date or any time prior thereto, that have been
                    established under Section 9.2.1(a)(ii)(A) of the Development
                    Agreement with respect thereto; plus

               (c)  subject to the limits provided in Section 3.2.2(d), if as of
                    the Commencement Date, any guarantees or credit enhancements
                    previously provided by Great Lakes or Lakes at the request
                    of or consented to by the Band with respect to any
                    Construction Documents (other than the Road Service
                    Agreement, which the parties intend to terminate) remain in
                    existence and have not been terminated or released in
                    writing, the Reserve Amount (as defined in Section
                    9.2.1(a)(ii)(A) of the Development Agreement) as of the
                    Commencement Date for any such guaranteed or enhanced
                    obligations remaining unpaid, regardless of whether a
                    Guaranty Reserve was in fact established therefor; provided
                    that the amount of any Reserve Amount shall be reduced by
                    the amount of cash collateral posted by Lakes or Great Lakes
                    to secure any such guaranty, credit enhancement or interest
                    subsidy, the amount advanced by Lakes or Great Lakes for
                    such cash collateral being an advance under the Lakes
                    Development Loan.

     3.2.2. For purposes of calculating Financial Support:

               (a)  The advances outstanding under the Lakes Development Loan
                    shall be deemed to equal $46,000,000 if at the time of the
                    Commencement Date the sum of advances previously made
                    thereunder in

                                       18

<PAGE>

                    accordance with the terms of the Development Agreement and
                    the amount of any Guaranty Reserves established under
                    Section 9.2.1(a)(ii)(A) of the Development Agreement is less
                    than $46,000,000;

               (b)  If the Band has previously repaid any amount under the Lakes
                    Development Loan and/or the Lakes Facility Loan, such
                    calculation shall include any advances made on such Loan(s)
                    by Great Lakes but which were repaid by the Band on or prior
                    to the Commencement Date;

               (c)  Such calculation shall exclude the Non-Gaming Acquisition
                    Line of Credit and the Transition Loan; interest, fees and
                    expenses under any Loan; and any portion of the Bank Loan,
                    the Equipment Loan or any other indebtedness related to the
                    Enterprise to the extent of the amount of any Lakes
                    Refinancing Guaranty related thereto (i.e. the amount of any
                    such obligation of the Band guaranteed or for which a credit
                    enhancement has been provided by Great Lakes or Lakes and
                    which amount has been used to refinance any portion of the
                    Lakes Development Loan, the Lakes Facility Loan and/or any
                    other obligation of the Band to Great Lakes)); and

               (d)  Financial Support under or relating to guaranties or other
                    credit enhancements or interest subsidies shall not exceed
                    (i) any contractual limitation or cap on Lakes or Great
                    Lakes' liability under such guaranties or other credit
                    enhancements, or (ii) the present value of any such interest
                    subsidy as of the closing on the Bank Loan or the Equipment
                    Loan, as applicable.

3.3. Status of Gaming Site. The Band represents and covenants that it will
acquire the Gaming Site in accordance with the terms of the Development
Agreement, and will maintain the Gaming Site throughout the Term as land held in
Trust by the United States of America for the benefit of the Band, eligible as a
location upon which Class II and Class III Gaming can occur. The Band covenants,
during the term hereof, that Manager shall and may peaceably have complete
access to and presence in the Facility in accordance with the terms of this
Agreement, free from molestation, eviction and disturbance by the Band or by any
person or entity; provided, however, that such right of

                                       19

<PAGE>

access to and presence in the Facility shall cease upon the termination of this
Agreement pursuant to its terms.

3.4. Creation and Operation of Business Board. Manager and the Band agree to
create a Business Board comprised of an equal number of persons representing and
designated by the Band and the Manager. Unless otherwise agreed by the Band and
the Manager, the Business Board shall have four (4) members. Any member of the
Business Board may designate another person to exercise authority as a member by
written notice signed by such Business Board member and given in accordance with
Section 18.2 of this Agreement. The Business Board shall remain active during
the entire term of this Agreement. Within thirty (30) days following the date of
this Agreement, each party shall give the other notice of the individuals
initially designated by each to serve on the Business Board. The Business Board
shall have the obligations, rights and powers described in this Agreement. In
order to be effective, any action of the Business Board must be the result of
mutual agreement of a majority of the Business Board members or their designees
at a meeting at which both Band Representatives (or their duly designated
designees) are present; or, in the event of action by written consent, by
consent signed by both Band Representatives (or their designees) and at least
one Manager Representative (or his/her designee). In the event mutual agreement
cannot be reached, the appropriate action shall be determined in the manner
provided in Article 13.

3.5. Manager Compliance with Law; Licenses. Manager and Lakes each covenant that
it will at all times comply with Legal Requirements, including the Band Gaming
Ordinance, the IGRA, the Compact, State statutes, to the extent applicable, and
any licenses issued under any of the foregoing. The Band shall not unreasonably
withhold, delay, withdraw, qualify or condition such licenses as the Band is
authorized to grant.

3.6. Compliance with Compact. The parties shall at times comply with the
provisions of the Compact.

3.7. Fire and Safety. Manager shall ensure that the Facility shall be
constructed and maintained in compliance with all fire and safety statutes,
ordinances, and regulations which would be applicable if the Facility were
located outside of the jurisdiction of the Band although those requirements
would not otherwise apply within that jurisdiction. Nothing in this Section
shall grant any jurisdiction to the State or any political subdivision thereof
over the Gaming Site or the Facility. The Band shall be responsible for
arranging fire protection and police services for the Facility.

3.8. Compliance with the National Environmental Policy Act. With the assistance
of Manager, the Band shall supply the NIGC with all information necessary for
the NIGC to comply with any regulations of the NIGC issued pursuant to the
National Environmental Policy Act (NEPA).

                                       20

<PAGE>

3.9. Commencement Date. Manager shall memorialize the Commencement Date in a
writing signed by Manager and delivered to the Band and to the Chairman of the
NIGC.

4. BUSINESS AND AFFAIRS OF THE ENTERPRISE

4.1. Manager's Authority and Responsibility. Manager shall conduct and direct
all business and affairs in connection with the day-to-day operation, management
and maintenance of the Enterprise and the Facility, including the establishment
of operating days and hours. It is the parties' intention that the Enterprise be
open 24 hours daily, seven days a week. Manager is hereby granted the necessary
power and authority to act, through the General Manager, in order to fulfill all
of its responsibilities under this Agreement. Nothing herein grants or is
intended to grant Manager a titled interest to the Facility or to the
Enterprise. Manager hereby accepts such retention and engagement. The Band shall
have the sole proprietary interest in and ultimate responsibility for the
conduct of all Gaming conducted by the Enterprise, subject to the rights and
responsibilities of Manager under this Agreement.

4.2. Duties of Manager. In managing, operating, maintaining and repairing the
Enterprise and the Facility, under this Agreement, Manager's duties shall
include, without limitation, the following:

     4.2.1. Physical Duties. Manager shall use reasonable measures for the
          orderly physical administration, management, and operation of the
          Enterprise and the Facility, including without limitation cleaning,
          painting, decorating, plumbing, carpeting, grounds care and such other
          maintenance and repair work as is reasonably necessary.

     4.2.2. Compliance with Band Ordinances. Manager shall comply, and, as
          applicable, shall cause Lakes to comply, with all duly enacted
          statutes, regulations and ordinances of the Band, subject to the
          provisions of Section 10.2.1.

     4.2.3. Required Filings. Manager shall comply with all applicable
          provisions of the Internal Revenue Code including, but not limited to,
          the prompt filing of any cash transaction reports and W-2G reports
          that may be required by the Internal Revenue Service of the United
          States or under the Compact.

     4.2.4. Contracts in Band's Name Doing Business as the Enterprise and at
          Arm's Length. Contracts for the operations of the Enterprise shall be
          entered into in the name of the Band, doing business as the
          Enterprise, and signed by the General Manager. Any contract requiring
          an expenditure in any year in excess of $50,000, or such higher amount
          as may be set by the Business Board, shall be approved by the Business

                                       21

<PAGE>

          Board. No contracts, of any amount, for the supply of goods or
          services to the Enterprise shall be entered into with an Affiliate or
          Insider of the Manager unless that affiliation is disclosed to and
          approved by the Business Board, and the contract terms are no less
          favorable for the Enterprise than could be obtained from a
          nonaffiliated contractor. Nothing contained in this Section 4.2.4
          shall be deemed to be or constitute a waiver of the Band's sovereign
          immunity.

     4.2.5. Enterprise Operating Standards. Manager shall use its best efforts
          to operate the Enterprise in a proper, efficient and competitive
          manner in accordance with operating standards which are consistent
          with the highest operating standards of the casino, hospitality and
          resort industries.

     4.2.6. Security. Manager shall provide for appropriate security for the
          operation of the Enterprise. All aspects of the Facility security
          shall be the responsibility of Manager. Any security officer shall at
          the request of the Business Board be bonded and insured in an amount
          commensurate with his or her enforcement duties and obligations. The
          cost of any charge for security and increased public safety services
          will be an Operating Expense.

4.3. Damage, Condemnation or Impossibility of the Enterprise. Damage to or
destruction or condemnation of the Facility or the Enterprise shall be governed
by the provisions of Section 13.8 of the Development Agreement.

4.4. Alcoholic Beverages and Tobacco Sales. During the term of this Agreement
alcoholic beverages may be served at the Facility if permissible in accordance
with applicable law. The parties acknowledge that no enabling Band legislation
for the sale of alcoholic beverages is now in force, and that such legislation
would be necessary in order to serve alcoholic beverages at the Facility. If
such legislation is subsequently enacted, and if other requisite approvals are
obtained, the Band and Manager may mutually agree to include service of such
beverages within the Enterprise. Tobacco may be sold at the Facility subject to
and in accordance with the Band's licensing requirements, if any.

4.5. Employees.

     4.5.1. Manager's Responsibility. Manager shall have, subject to the terms
          of this Agreement, the exclusive responsibility and authority to
          direct the selection, control and discharge of all employees
          performing regular services for the Enterprise in connection with the
          maintenance, operation, and management of the Enterprise and the
          Facility and any activity upon the Gaming Site; and the sole
          responsibility for determining whether a prospective employee is
          qualified and the

                                       22

<PAGE>

          appropriate level of Compensation to be paid, except that the Gaming
          Commission shall have the exclusive right to determine licensing
          qualifications.

     4.5.2. Enterprise Employee Policies. Manager shall prepare a draft of
          personnel policies and procedures (the "Enterprise Employee
          Policies"), including a job classification system with salary levels
          and scales, which policies and procedures shall be in compliance with
          applicable Band law and subject to approval by the Business Board.
          Enterprise employees are employed on an "at-will" basis and, unless
          expressly stated otherwise, nothing contained in this Agreement or the
          Enterprise Employee Policies shall be construed to affect the
          "at-will" nature of employment with the Enterprise. The Enterprise
          Employee Policies shall include a grievance procedure in order to
          establish fair and uniform standards for the Enterprise employees,
          which will include procedures for the resolution of disputes between
          the Enterprise and Enterprise employees. At a minimum, the Enterprise
          Employee Policies shall provide for an employee grievance process
          which provides the following: A written "Board of Review" process will
          be created by the Enterprise's general manager to provide Enterprise
          employees with a procedure for bringing grievances involving
          substantial work related issues to the attention of Enterprise
          management so they may be promptly and permanently resolved in a fair
          and equitable manner. The Board of Review process will be available to
          all Enterprise employees except: (a) job applicants, temporary
          employees, and part-time employees; (b) employees at the director
          level and above; and (c) employees discharged for actions involving
          violations of tribal law, including tribal gaming regulations, or
          federal, state, or local law. Enterprise employees will be eligible to
          use the Board of Review process if they have: (i) completed an initial
          period of employment not to exceed ninety (90) work shifts; (ii)
          concluded all required preliminary procedures before seeking a Board
          of Review hearing; (iii) completed a Board of Review hearing request
          form; and (iv) submitted the hearing request form within the allotted
          time frame to the Enterprise human resources department and a copy to
          the head of their home department in the Enterprise. The Enterprise's
          human resources department shall be responsible for determining the
          composition of the hearing panel and for establishing hearing rules
          and procedures, in each case subject to the provisions of the
          Enterprise Employee Policies. The Board of Review will be empowered to
          make a range of decisions necessary to fully resolve the grievance,
          including reinstatement (with or without backpay) or upholding the
          employee's discharge. The Board of Review's decision on the grievance
          will be final and binding for the employee and the

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          Enterprise, and there will be no appeal beyond the Board of Review
          except as may be expressly provided in the Enterprise Employee
          Policies. Manager shall be responsible for administering the
          Enterprise Employee Policies. Any amendments to the Enterprise
          Employee Policies must be consistent with this subsection and shall
          not be effective unless they are approved by the Business Board.

     4.5.3. Senior Employees. The selection of the General Manager, Chief
          Financial Officer, Casino Manager, and Human Resources Manager of the
          Enterprise, or the functionally equivalent positions, shall be subject
          to consultation between, and agreement by, Manager, the Business Board
          and the Pokagon Council. All such Employees shall be Enterprise
          Employees.

     4.5.4. Enterprise Employees. The terms of employment of all Enterprise
          Employees shall be structured as though all labor, employment, and
          unemployment insurance laws applicable in the State which would apply
          to Enterprise Employees if they were not working on an Indian
          reservation would also apply to Enterprise Employees; except that the
          Band reserves the right to by ordinance establish a workman's
          compensation trust fund and worker's compensation system instead of
          adopting Michigan workers compensation law, and to adopt other laws
          and regulations that might preempt otherwise applicable law.

     4.5.5. Removal of Employees. Manager will act in accordance with the
          Enterprise Employee Policies with respect to the discharge, demotion
          or discipline of any Enterprise Employee.

     4.5.6. Band Employees. All Enterprise Employees shall be employees of the
          Band.

4.6. No Manager Internal Expenses; Limitation on Manager Payments. No Manager
Internal Expenses shall be paid by the Enterprise. No officer, director,
shareholder or employee of Manager or Lakes shall be compensated by wages from
or contract payments by the Enterprise for their efforts or for any work which
they perform under this Agreement. Neither Manager nor Lakes shall receive any
payments from the Enterprise other than loan repayments (whether under the Lakes
Development Note, the Lakes Facility Note, for other advances in accordance with
this Agreement, or as subrogee after paying on any Loan guarantee) and the
Management Fee to be paid to Manager under Section 5.1. Manager Internal
Expenses may be paid from Management Fees and loan repayments after they have
been received by Manager. Nothing in this subsection shall restrict the ability
of an employee of the Enterprise to purchase or hold stock in Lakes where (a)
such stock is publicly held, and (b) such employee acquires, on

                                       24

<PAGE>

a cumulative basis, less than five percent (5%) of the outstanding stock in the
corporation.

4.7. GRA Expenses. The funding of the operation of the Gaming Regulatory
Authority shall, prior to the Commencement Date, be a start up expense of the
Enterprise and thereafter shall be an Operating Expense. The budget for the GRA
shall reflect the reasonable cost of regulating the Enterprise. Disputes between
the parties relating to GRA costs shall be resolved pursuant to the provisions
of Article 13 of this Agreement. The decisions and actions of the GRA as to
Manager shall be subject to the provisions of Article 13 hereof, including
without limitation the Specific Performance Restriction.

4.8. Employee Background Checks. A background investigation shall be conducted
by the GRA in compliance with all Legal Requirements, to the extent applicable,
on each applicant for employment as soon as reasonably practicable. No
individual whose prior activities, criminal record, if any, or reputation,
habits and associations are known to pose a threat to the public interest, the
effective regulation of Gaming, or to the gaming licenses of Manager or Lakes,
or to create or enhance the dangers of unsuitable, unfair, or illegal practices
and methods and activities in the conduct of Gaming, shall knowingly be employed
by Manager, Lakes or the Band. The background investigation procedures employed
by the GRA shall be formulated in consultation with Manager and shall satisfy
all regulatory requirements independently applicable to Manager and Lakes. Any
cost associated with obtaining such background investigations shall constitute
an Operating Expense, provided, however, the costs of background investigations
relating to Manager, Lakes and the shareholders, officers, directors or
employees of Manager, Lakes or their Affiliates shall be borne solely by
Manager, shall be nonrefundable, shall not be treated as part of the Lakes
Development Loan or as Operating Expenses of the Enterprise, and shall not
exceed $50,000.

4.9. Indian Preference. Recruiting and Training; Local Preference.

     4.9.1. Indian Preference. In order to maximize benefits of the Enterprise
          to the Band, Manager shall, during the term of this Agreement, to the
          maximum extent reasonably possible under applicable law, including,
          but not limited to the Indian Civil Rights Act, 25 U.S.C. Section
          1301, et seq., give preference in recruiting, training and employment
          to qualified members of the Band, their spouses, and children in all
          job categories of the Enterprise, including senior management. Manager
          shall:

          4.9.1.1. conduct job fairs and skills assessment meetings for Band
          members;

          4.9.1.2. in consultation with and subject to the approval of the Band,
          develop a management training program for Band members or people
          selected by the Band. This program shall be structured to provide

                                       25

<PAGE>

          appropriate training for those participating to assume full managerial
          control at the conclusion of the Term of this Agreement; and

          4.9.1.3. within two hundred seventy (270) days of the Commencement
          Date, Manager shall develop and present to the Band for its approval,
          a training plan designed so that, by the end of the Term of the
          Agreement, all Enterprise Employees will be Band members or others
          designated by the Band.

     4.9.2. Local Preference. Manager shall also give preference to residents of
          the community in which the Gaming Site is located and in hiring and
          purchasing shall comply with Section 4 of the Local Agreement. Any
          such preference shall be junior to the Indian Preference established
          under Section 4.9.1.

     4.9.3. Final Determination. Final determination of the qualifications of
          Band members and all other persons for employment shall be made by
          Manager, subject to any licensing requirements of the Gaming
          Regulatory Authority. Not later than 90 days prior to the Commencement
          Date, Manager shall develop and present to the Band for its approval a
          training plan designed to meet the goals set out in this section.

4.10. Pre-Opening. Nine months prior to the scheduled Commencement Date, Manager
shall commence implementation of a pre-opening program which shall include all
activities necessary to financially and operationally prepare the Facility for
opening. To implement the pre-opening program, Manager shall prepare a
comprehensive pre-opening budget which shall be submitted to the Business Board
for its approval no later than seven months prior to the scheduled Commencement
Date ("Pre-Opening Budget"). The Pre-Opening Budget shall identify expenses
which Manager anticipates to be necessary or desirable in order to prepare the
Facility for the Commencement Date, including without limitation, cash for
disbursements, Furnishings and Equipment and Operating Supplies, hiring,
training, relocation and temporary lodging of employees, advertising and
promotion, office overhead and office space (whether on or off the Gaming Site),
and travel and business entertainment (including opening celebrations and
ceremonies) ("Pre-Opening Expenses"). The Band recognizes that the Pre-Opening
Budget has been prepared well in advance of Commencement and is intended only to
be a reasonable estimate, subject to variation due to a number of factors, some
of which will be outside of Manager's control (e.g. the time of completion,
inflationary factors and varying conditions for the goods and services
required). The Band agrees that the Pre-Opening Budget may be modified from time
to time, subject to approval of the Business Board in accordance with the
procedure established by Section 4.11 of this Agreement for adjustments to the
Operating Budget and Annual Plan.

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<PAGE>

4.11. Operating Budget and Annual Plan. Manager shall, prior to the scheduled
Commencement Date, submit to the Business Board for its approval a proposed
Operating Budget and Annual Plan for the Fiscal Year commencing on the
Commencement Date. Thereafter, Manager shall, not less than 30 days prior to the
commencement of each full or partial Fiscal Year, submit to the Business Board
for its approval a proposed Operating Budget and Annual Plan for the ensuing
full or partial Fiscal Year, as the case may be. The Operating Budget and Annual
Plan shall include a projected income statement, balance sheet, and projection
of cash flow for the Enterprise, with detailed justifications explaining the
assumptions used therein. The Operating Budget and Annual Plan shall include,
without limitation, a schedule of repairs and maintenance (other than Capital
Replacements), a business and marketing plan for the Fiscal Year, and the
Minimum Balance which must remain in the Enterprise Accounts and the House Bank
as of the end of each month during the Fiscal Year to assure sufficient monies
for working capital purposes, and detail of other expenditures proposed to be
authorized under the Operating Budget and Annual Plan.

The Operating Budget and Annual Plan for the Enterprise will be comprised of the
following:

     4.11.1. A statement of the estimated income and expenses for the coming
          Fiscal Year, including estimates as to Gross Revenues and Operating
          Expenses for such Fiscal Year, such operating budget to reflect the
          estimated results of the operation during each month of the subject
          Fiscal Year;

     4.11.2. Either as part of the statement of the estimated income and
          expenses referred to Section 4.11.1, or separately, budgets (and
          timetables and requirements of Manager) for:

          4.11.2.1. repairs and maintenance;

          4.11.2.2. Capital Replacements;

          4.11.2.3. Furnishings and Equipment;

          4.11.2.4. advertising and business promotion programs for the
          Enterprise;

          4.11.2.5. the estimated cost of Promotional Allowances; and

          4.11.2.6. a business and marketing plan for the subject Fiscal Year.

     4.11.3. The Business Board's approval of the Operating Budget and Annual
          Plan shall not be unreasonably withheld or delayed. Manager shall meet
          with the Business Board to discuss the proposed Operating Budget and

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<PAGE>

          Annual Plan and the Business Board's approval shall be deemed given
          unless a specific written objection thereto is delivered by the Band
          Representatives to Manager within thirty (30) days after Manager and
          the Business Board have met to discuss the proposed Operating Budget
          and Annual Plan. If the Band Representatives for any reason decline to
          meet with Manager to discuss a proposed Operating Budget and Annual
          Plan after not less than twenty (20) days written notice, the Band
          Representatives shall be deemed to have consented unless a specific
          written objection is delivered to Manager within thirty (30) days
          after the date of the proposed meeting. The Business Board shall
          review the Operating Budget and Annual Plan on a line-by-line basis,
          if requested by the Band Representative.

     4.11.4. If the initial proposed Operating Budget and Annual Plan contains
          disputed budget item(s), the Band Representatives on the Business
          Board and the Manager agree to cooperate with each other in good faith
          to resolve the disputed or objectionable proposed item(s). In the
          event that the Band Representatives on the Business Board and the
          Manager are not able to reach mutual agreement concerning any disputed
          or objectionable item(s) within a period of fifteen (15) days after
          the date the Band Representatives on the Business Board provide
          written notice of the Band's objection to Manager, either party shall
          be entitled to submit the dispute to arbitration in accordance with
          Article 13. If the Band Representatives on the Business Board and the
          Manager are unable to resolve the disputed or objectionable item(s)
          prior to the commencement of the applicable Fiscal Year, the
          undisputed portions of the proposed Operating Budget and Annual Plan
          shall be deemed to be adopted and approved and the corresponding line
          item(s) contained in the Operating Budget and Annual Plan for the
          preceding Fiscal Year shall be adjusted as set forth herein and shall
          be substituted in lieu of the disputed item(s) in the proposed
          Operating Budget and Annual Plan. Those line items which are in
          dispute shall be determined by increasing the preceding Fiscal Year's
          actual expense for the corresponding line items by an amount
          determined by Manager which does not exceed the Consumer Price Index
          for All Urban Consumers published by the Bureau of Labor Statistics of
          the United States Department of Labor, U.S. City Average, all items
          (1997-98 = 100) for the Fiscal Year prior to the Fiscal Year with
          respect to which the adjustment to the line item(s) is being
          calculated or any successor or replacement index thereto. The
          resulting Operating Budget and Annual Plan obtained in accordance with
          the preceding sentence shall be deemed to be the Operating Budget and
          Annual Plan in effect until such time as Manager and the Band
          Representatives on the Business Board have resolved the items objected

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<PAGE>

          to by the Band Representatives on the Business Board or an arbitrator
          has rendered his award on the dispute.

     4.11.5. Adjustments to Operating Budget and Annual Plan and Capital Budget.
          Manager may, after notice to and approval by the Business Board,
          revise the Operating Budget and Annual Plan and the Capital Budget
          from time to time, as necessary, to reflect any unpredicted
          significant changes, variables or events or to include significant,
          additional, unanticipated items of expense. Expenditures shall not
          materially vary from the approved budgets nor exceed the aggregate
          Operating Budget and Annual Plan (as approved by the Business Board,
          and revised with the reasonable approval of the Business Board) absent
          the written consent of the Business Board; provided that the Band
          recognizes that (a) the absolute amounts of expenditures may exceed
          budgeted amounts if the volume of business at the Facility exceeds
          projections, (b) the relative amounts of income and expense may vary
          from budgeted amounts if the volume of business is less than
          projected, and (c) Manager does not guarantee the economic performance
          shown in budgets. Manager shall submit a revision of the Operating
          Budget and Annual Plan to the Business Board for review on a quarterly
          or other appropriate basis.

4.12. Capital Budgets. Manager shall, not less than 30 days prior to the
commencement of each Fiscal Year, or partial Fiscal Year, submit to the Business
Board a recommended capital budget (the "Capital Budget") describing the present
value, estimated useful life and estimated replacement costs for the ensuing
full or partial year, as the case may be, for the physical plant, furnishings,
equipment, and ordinary capital replacement items, all of which are defined to
be any items, the cost of which is capitalized and depreciated, rather than
expended, using GAAP ("Capital Replacements") as shall be required to operate
the Enterprise in accordance with sound business practices. Capital Replacements
in the Capital Budget in an aggregate sum equal to or less than the sum of the
Capital Replacement Reserve for the Fiscal Year shall be approved by the
Business Board; and any amounts in excess of the Capital Replacement Reserve for
the Fiscal Year shall be subject to approval of the Pokagon Council in its sole
discretion. The Pokagon Council, Business Board, and Manager shall meet to
discuss the proposed Capital Budget and the Business Board and Pokagon Council
shall be required to make specific written objections to a proposed Capital
Budget in the same manner and within the same time periods specified in Section
4.11.4 with respect to an Operating Budget and Annual Plan. The Busmess Board
and Pokagon Council shall not unreasonably withhold or delay its consent. Unless
the Pokagon Council, Business Board, and Manager otherwise agree, Manager shall
be responsible for the design and installation of Capital Replacements, subject
to the Business Board's approval and ratification by the Pokagon Council and
right to inspect.

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<PAGE>

4.13. Capital Replacements. The Band shall effect and expend such amounts for
any Capital Replacements as shall be required, in the course of the operation of
the Enterprise, to maintain, at a minimum, the Enterprise in compliance with any
Legal Requirements and to comply with Manager's recommended programs for
renovation, modernization and improvement intended to keep the Enterprise
competitive in its market; or to correct any condition of an emergency nature,
including without limitation, maintenance, replacements or repairs which are
required to be effected by the Band, which in Manager's sole discretion requires
immediate action to preserve and protect the Facility, assure its continued
operation, and/or protect the comfort, health, safety and/or welfare of the
Facility's guests or employees (an "Emergency Condition"); provided, however,
that the Band shall be under no obligation to fund Capital Replacements in
aggregate amount greater than its periodic required contributions to the Capital
Replacement Reserve described in Section 4.15. Manager is authorized to take all
steps and to make all expenditures from the Disbursement Accounts described in
Section 4.19.3 (in the case of non-capitalized repairs and maintenance), or
Capital Replacement Reserve described at Section 4.14 (in the case of
expenditures for Capital Replacements), as it deems necessary to repair and
correct any Emergency Condition, regardless whether such provisions have been
made in the Capital Budget or the Operating Budget and Annual Plan for any such
expenditures; or the cost thereof may be advanced by Manager and reimbursed from
future revenues. Design and installation of Capital Replacements shall be
effected in a time period and subject to such conditions as the Business Board
may establish to minimize interference with or disruption of ongoing operations.

4.14. Capital Replacement Reserve. Manager shall establish a Capital Replacement
Reserve on the books of account of the Enterprise, and the periodic
contributions of cash required by Section 4.15 shall be deposited by the
Enterprise into an account (the "Capital Replacement Reserve") established in
the Band's name at a bank designated by the Business Board in accordance with
Section 4.19.1 of this Agreement. All amounts in the Capital Replacement Reserve
shall be invested in interest bearing investments in accordance with the
Enterprise Investment Policy to the extent that availability of funds, when
required, is not thereby impaired. Interest earned on amounts deposited in the
Capital Replacement Reserve shall be credited to the Capital Replacement Reserve
and shall be available for payment of expenditures for Capital Replacements to
the Facility. Manager shall draw on the Capital Replacement Reserve for Capital
Replacements to purchase those items included in the Capital Budget approved by
the Business Board or such emergency additions, repairs or replacements as shall
be required to correct an Emergency Condition.

4.15. Periodic Contributions to Capital Replacement Reserve. In accordance with
Section 5.5 of this Agreement, Manager shall make monthly deposits into the
Capital Replacement Reserve in amounts equivalent to an annual rate of 1% (one
percent) of Gross Revenues during the first twelve (12) month period after the
Commencement Date and equivalent to an annual rate of 3% (three percent) of
Gross Revenues during the remainder of the

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<PAGE>

Fiscal Year in which such twelve (12) month period ends and during each
successive Fiscal Year over the remainder of the Term; such reserve shall be
funded out of Monthly Distribution Payments. The cash amounts required to be so
deposited shall be calculated and deposited into the Capital Replacement
Reserve, in arrears, no later than the twenty-first (21st) day of the month
immediately following the month with respect to which a deposit is made. If any
adjustment of Gross Revenues is made as result of an audit or for other
accounting reasons, a corresponding adjustment in the Capital Replacement
Reserve deposit shall be made. In addition, all proceeds from the sale of
capital items no longer needed for the operation of the Enterprise, and the
proceeds of any insurance received in reimbursement for any items previously
paid from the Capital Replacement Reserve, shall be deposited into the Capital
Replacement Reserve upon receipt.

4.16. Use and Allocation of Capital Replacement Reserve. Any expenditures for
Capital Replacements which have been budgeted and previously approved may be
paid from the Capital Replacement Reserve without further approval from the
Business Board. Any amounts remaining in the Capital Replacement Reserve at the
close of any year shall be carried forward and retained in the Capital
Replacement Reserve until fully used. If the amounts in the Capital Replacement
Reserve at the end of any year plus the anticipated contributions to the Capital
Replacement Reserve for the next ensuing year are not sufficient to pay for
Capital Replacements authorized by the Capital Budget for such ensuing year,
then additional funds, in the amount of the projected deficiency, may be
advanced by the Manager and reimbursed by the Enterprise from future revenues.

4.17. [intentionally omitted]

4.18. Internal Control Systems. Manager shall install systems for monitor of all
funds (the "Internal Control Systems"), which systems shall comply with all
Legal Requirements, and shall be submitted to the Business Board and the Band
Regulatory Authority for approval in advance of implementation, which approval
shall not be unreasonably withheld. The Band shall retain the right to review
all Internal Control Systems and any changes instituted to the Internal Control
Systems of the Enterprise. The Band shall have the right to retain an auditor to
review the adequacy of the Internal Control Systems prior to the Commencement
Date. The cost of such review shall be a Pre-Opening Expense. Any significant
changes in such systems after the Commencement Date also shall be subject to
review and approval by the Gaming Regulatory Authority. The Gaming Regulatory
Authority and Manager shall have the right and duty to maintain and police the
Internal Control Systems in order to prevent any loss of proceeds from the
Enterprise. The Gaming Regulatory Authority shall have the right to inspect and
oversee the Internal Control System at all times. Manager shall install a closed
circuit television system to be used for monitoring the cash handling activities
of the Enterprise sufficient to meet all Legal Requirements.

4.19. Banking and Bank Accounts.

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<PAGE>

     4.19.1. Enterprise Accounts. The Business Board shall select, and the
          Pokagon Council shall approve, a bank or banks for the deposit and
          maintenance of funds and shall establish in such bank or banks
          accounts as Manager deems appropriate and necessary in the course of
          business and as consistent with this Agreement, including the Dominion
          Account ("Enterprise Accounts"). Establishment of any Enterprise Bank
          Account shall be subject to the approval of the Business Board. The
          sum of money agreed to by the Business Board to be maintained in the
          Enterprise Bank Account(s) to serve as working capital for Enterprise
          operations, shall include all sums needed for the House Bank, and all
          sums needed to accrue for payment of expenses not paid on a monthly
          basis (the "Minimum Balance"). Manager shall propose a policy for
          investing funds in excess of the Minimum Balance (the "Enterprise
          Investment Policy"), which shall be subject to the approval of the
          Business Board.

     4.19.2. Daily Deposits to Dominion Account. Manager shall establish for the
          benefit of the Band in the Enterprise's name a Dominion Account, which
          shall be subject to the lien and security interest of Manager to the
          extent provided in Section 9.2.l(j) of the Development Agreement and
          the Dominion Agreement. Manager shall collect all Gross Revenues and
          other proceeds connected with or arising from the operation of the
          Enterprise, the sale of all products, food and beverage, and all other
          activities of the Enterprise and deposit the related cash daily into
          the Dominion Account at least once during each 24-hour period unless
          otherwise agreed by the Business Board. All money received by the
          Enterprise on each day that it is open must be counted at the close of
          operations for that day or at least once during each 24-hour period.
          Manager agrees to obtain a bonded transportation service to effect the
          safe transportation of the daily receipts to the bank, which expense
          shall constitute an Operating Expense.

     4.19.3. Disbursement Accounts. Manager shall establish for the benefit of
          the Band in the Enterprise's name one or more Disbursement Accounts.
          Manager shall, consistent with and pursuant to the approved annual
          Operating Budget and Annual Plan and Capital Budget, have
          responsibility and authority for making all payments for Operating
          Expenses, debt service, Management Fees, and Tribal Distributions from
          the Disbursement Accounts.

     4.19.4. No Cash Disbursements. Manager shall not make any cash
          disbursements from the Enterprise Accounts except for the payment of
          cash prizes from the House Bank; and except for such cash

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<PAGE>

          disbursements from the House Bank, any and all payments or
          disbursements by the Manager shall be made by check or wire transfer
          drawn against an Enterprise Bank Account.

     4.19.5. Transfers Between Accounts. Manager has the authority to transfer
          funds from and between the Enterprise Accounts to the Disbursement
          Accounts in order to pay Operating Expenses and to pay debt service
          pursuant to the Loans, to invest funds in accordance with the
          Enterprise Investment Policy, and to pay the Management Fees and
          Tribal Distributions pursuant to this Agreement, and to make other
          payments required by Section 5.5 below.

     4.19.6. Transfers from Dominion Account to Disbursement Accounts. Manager
          agrees that, notwithstanding any provision of the Dominion Agreement
          or any Band Event of Default or any default by the Band under the
          Dominion Agreement, it shall make or permit timely transfers from the
          Dominion Account to Disbursement Accounts of all funds needed to pay
          (a) Operating Expenses; (b) the Minimum Guaranteed Monthly Payment;
          (c) all Loans, as well any other third party loans to which Manager
          has subordinated in writing; (d) deposits into the Capital Replacement
          Reserve pursuant to Section 4.15 of this Management Agreement; (e)
          maintenance of the Minimum Balance, and any other reserves approved by
          the Business Board with the written consent of Manager; and (f) claims
          of third parties granted priority over Manager under the Agreements,
          if the events occur which trigger that priority. Manager further
          agrees that, prior to any Band Event of Default, it shall make timely
          transfers to Disbursement Accounts to enable the Monthly Distribution
          Payment to be made to the Band when due, and otherwise in accordance
          with this Agreement.

4.20. Insurance. Manager, on behalf of the Band, shall arrange for, obtain and
maintain, or cause its agents to maintain, with responsible insurance carriers
licensed to do business in the State, insurance satisfactory to Manager and the
Business Board covering the Facility and the operations of the Enterprise,
naming the Band, the Enterprise and Manager as insured parties. Manager shall
recommend to the Business Board the minimum amounts of insurance coverage for
the Enterprise, which shall be subject to the reasonable approval of the Band
but shall be no less than the following:

     4.20.1. Commercial General Liability Insurance, including coverage for
          incidental contracts, on an occurrence basis with minimum limits of
          liability of not less than One Million Dollars ($1,000,000) per
          occurrence and Two Million Dollars ($2,000,000) in the aggregate for
          bodily injury and/or property damage.

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<PAGE>

     4.20.2. Property Insurance in an amount adequate to cover the full
          replacement value of all buildings, personal property, decorations,
          trade fixtures, furnishings, equipment, alterations, leasehold
          improvements and betterments, and all other contents located or placed
          in the Facility. Coverage shall insure against those risks of loss as
          are commonly covered under the Insurance Services Offices Special
          Cause of Loss form.

     4.20.3. Boiler or Machinery Insurance covering all pressure vessels,
          boilers, air conditioning equipment or similar equipment, if any, in,
          on, adjoining, above or beneath the Facility.

     4.20.4. Business Income Insurance covering at least those risks referred to
          in subparagraph 4.20.2.

     4.20.5. Worker's Compensation Insurance including statutory coverage and
          employers liability in an amount not less than one million
          ($1,000,000) per person covering all employees as required by the laws
          of Michigan or of the United States.

     4.20.6. Crime coverage - Employee Dishonesty coverage; Loss inside/outside
          the premises coverage; Depositor's forgery coverage; Computer Fraud
          coverage. Coverage shall include any employee welfare, 401k plan or
          pension benefit as required under ERISA.

     4.20.7. Automobile liability insurance including hired and non-owned
          liability for not less than One Million Dollars ($1,000,000.00)
          combined single limit for bodily injury and property damage. Such
          non-owned and hired liability insurance shall include coverage for
          physical damage.

     4.20.8. If liquor is to be sold or dispensed, a policy of liquor liability
          insurance with limits of not less than One Million Dollars
          ($1,000,000.00) per occurrence.

     4.20.9. Umbrella or Excess Liability insurance with limits of not less that
          Ten Million Dollars ($10,000,000.00) per occurrence and Ten Million
          Dollars ($10,000,000.00) annual aggregate providing excess limits over
          the Commercial General Liability, Employers Liability, Automobile
          Liability and Liquor Liability described above.

     4.20.10. All of the above insurance shall be written by one or more
          responsible insurance companies with an A.M. Best Ratings of A-8 or
          better.

4.21. Accounting and Books of Account.

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     4.21.1. Statements. Manager shall prepare and provide to the Band on a
          monthly, quarterly, and annual basis, operating statements on behalf
          of the Enterprise. The operating statements shall comply with all
          Legal Requirements and shall include an income statement, statement of
          cash flows, and balance sheet for the Enterprise. Such statements
          shall include the Operating Budget and Annual Plan and Capital Budget
          projections as comparative statements, and, after the first full year
          of operation, will include comparative statements from the comparable
          period for the prior year; and shall reflect in accordance with GAAP
          all amounts collected and received and all expenses, deductions and
          disbursements made therefrom in connection with the Enterprise.

     4.21.2. Books of Account. Manager shall maintain full and accurate books of
          account on behalf of the Enterprise at an office in the Facility and
          at such other location as may be determined by Manager. The GRA and
          other designated representatives of the Pokagon Council shall have
          immediate access to the daily operations of the Enterprise and shall
          have the unlimited right to inspect, examine, and copy all such books
          and supporting business records. Such rights may be exercised through
          the Gaming Regulatory Authority or through an agent, employee,
          attorney, or independent accountant acting on behalf of the Band.

     4.21.3. Accounting Standards. Manager shall maintain the books and records
          on behalf of the Enterprise reflecting the operations of the
          Enterprise in accordance with Generally Accepted Accounting Principles
          consistently applied and shall adopt and follow the fiscal accounting
          periods utilized by the Enterprise in its normal course of business
          (i.e., a month, quarter and year prepared in accordance with the
          Fiscal Year). The accounting systems and procedures shall comply with
          Legal Requirements and, at a minimum:

          4.21.3.1. include an adequate system of internal accounting controls;

          4.21.3.2. permit the preparation of financial statements in accordance
          with GAAP;

          4.21.3.3. be susceptible to audit in accordance with GAAP and all
          requirements of IGRA and the NIGC:

          4.21.3.4. permit the calculation and payment of the Management Fee
          described in Section 5 below and the calculation by the Tribe and the
          NIGC of annual fees payable under 25 C.F.R. Section 514.1; and

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<PAGE>

          4.21.3.5. provide for the allocation of operating expenses or overhead
          expenses among the Band, the Enterprise, and any other user of shared
          facilities and services.

          4.21.3.6. All monthly internal and annual audited financial statements
          shall show separately the Net Revenue (Gaming) and related Operating
          Expenses and the Net Revenue (Other) and related Operating Expenses,
          as well as Net Revenue and Operating Expenses for the entire
          Enterprise.

4.22. Annual Audit. An independent certified public accounting firm selected by
the Band which is a "Big Four" accounting firm with not less than five (5) years
auditing experience with gaming enterprise operations shall perform an annual
audit of the books and records of the Enterprise and of all contracts for
supplies, services or concessions reflecting Operating Expenses, and shall
provide such other services as the Business Board shall designate. The Band, the
BIA and the NIGC shall also have the right to perform special audits of the
Enterprise on any aspect of the Enterprise at any time without restriction. The
costs incurred for such audits shall constitute an Operating Expense. Such
audits shall be provided by the Band to all applicable federal and state
agencies, as required by law, and may be used by Manager for reporting purposes
under federal and state securities laws, if required. All audited financial
statements shall conform to all requirements of IGRA and the NIGC and, to the
extent required by Legal Requirements, shall segregate gaming revenue and
expenses from non-gaming revenue and expenses.

4.23. Manager's Contractual Authority. Manager is authorized to make, enter into
and perform in the name of and for the account of the Band, doing business as
the Enterprise, such contracts deemed necessary by Manager to perform its
obligations under this Agreement, provided such contracts comply with the terms
and conditions of this Agreement, including, but not limited to, Section 4.2.4,
and provided such contracts do not obligate the Enterprise to pay sums not
approved in the Operating Budget and Annual Plan or the Capital Budget.

4.24. Retail Shops and Concessions. The Business Board shall approve in advance
in writing the specific type or types of shops or concessions to be authorized
for inclusion in the Facility.

4.25. Entertainment Approvals. The Pokagon Council may require that the Business
Board approve in advance in writing entertainment and/or sporting events to
provide at the Facility.

4.26. Litigation. Except for disputes between the Band and Manager, and claims
relating to the Band's status as a Tribe or the trust status of the Gaming Site,
Manager shall bring and/or defend and/or settle any claim or legal action
brought against Manager,

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the Enterprise or the Band, individually, jointly or severally, or any
Enterprise Employee, in connection with the operation of the Enterprise if the
basis of such claim or legal action was within the scope of Manager's authority
under the Agreements; except that bringing litigation or arbitration relating to
claims in excess of $100,000 must be approved by the Business Board and, as to
claims in excess of $500,000, by the Pokagon Council (which consent shall not be
unreasonably withheld); and Manager shall furnish such information regarding
claims, litigation and arbitration as the Band may request. Subject to the
Band's approval of legal counsel, Manager shall retain and supervise legal
counsel, accountants and such other professionals, consultants and specialists
as Manager deems appropriate to assert or defend any such claim or cause of
action. All liabilities, costs and expenses, including reasonable attorneys'
fees and disbursements incurred in defending and/or settling any such claim or
legal action which are not covered by insurance and which, as to Manager, relate
to acts or omissions of Manager within the scope of its authority under the
Agreements, shall be an Operating Expense, or, if incurred prior to the
Commencement Date, shall be a Pre-Opening Expense. Nothing contained herein is a
grant to Manager of the right to waive the Band's or the Enterprise's sovereign
immunity. That right is strictly reserved to the Band, and shall at the option
of the Pokagon Council be asserted by the Band through its counsel (whose fees
and expenses relating to the Enterprise shall be an Operating Expense). Any
settlement of a third party claim or cause of action shall require approval of
the Business Board and, as to claims in excess of $100,000 not covered by
insurance, by the Pokagon Council (which consent shall not be unreasonably
withheld).

5.   MANAGEMENT FEE, DISBURSEMENTS, AND OTHER PAYMENTS BY MANAGER

5.1. Management Fee. Subject to the provisions of Section 5.5, on or before the
twenty first (21st) day of each month after the month in which the Commencement
Date occurs, Manager is authorized by the Band to pay itself from the Enterprise
Bank Account(s) a fee as follows: 24% of the Net Revenues of the Enterprise in
the period from the Commencement Date until the first day of the month next
following the Commencement Date (which shall constitute the commencement of the
next Fiscal Year), payable on or before the twenty-first day of that next month;
then 24% of the Net Revenues of each succeeding month, payable monthly in
arrears, until the Net Revenues in a Fiscal Year have totaled $80 million; and
thereafter 19% of Net Revenues of each succeeding month, payable monthly in
arrears, to the extent that aggregate Net Revenues in such Fiscal Year exceed
$80 million. To the extent that aggregate Net Revenues reach $80 million during
a month, the fee shall be prorated.

5.2. Fee Subordinated. The Management Fee shall be subordinated to the Bank
Loan, the Equipment Loan, any other third-party loans or equipment leases
pertaining to the Enterprise, and the Minimum Guaranteed Monthly Payment.
Manager agrees to execute and deliver subordination agreements evidencing such
subordination in form reasonably

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acceptable to the Bank Lender, the Equipment Lender, or any other third-party
lender or equipment lessor.

5.3. Disbursements. As and when received by the Enterprise, Gross Revenues shall
be deposited in the Dominion Account created pursuant to Section 4.19.2 of this
Agreement. There shall, in turn, be disbursed by Manager, on a monthly basis,
for and on behalf of the Band, funds from the Enterprise Bank Account(s) in
accordance with Section 4.19.6 of this Agreement to pay, to the extent
available, Operating Expenses and, subject to the terms of Section 5.5, required
deposits into the Capital Replacement Reserve for Capital Replacements. Manager
will reserve funds in the Enterprise in amounts equal to the Minimum Balance.
Additionally, to cover any operating cash shortfall, the Band and the Manager
shall advance monies to the Enterprise sufficient to cover any operating cash
shortfall, such advances being made by the Band and Manager as follows: all such
operating cash shortfalls shall be covered by Manager until six months after the
Commencement Date (provided that Manager shall not be required to make advances
at any time that outstanding advances under this subsection total more than
$2,000,000); thereafter, any such shortfalls shall be covered by the Band.

     5.3.1. Any advances made by Manager under this subsection (the "Lakes
          Working Capital Advances") shall be evidenced by the Lakes Working
          Capital Advance Note, shall accrue interest at an annual rate equal to
          the Band Interest Rate from the date that advances are made, and shall
          be repaid as provided in Section 5.5 below. Any amounts outstanding on
          termination of this Management Agreement on account of Lakes Working
          Capital Advances shall be payable on the same terms as the Lakes
          Development Loan under the Development Agreement. The Lakes Working
          Capital Advance Note shall be a Limited Recourse obligation of the
          Band and shall be secured by the Dominion Agreement and the Lakes
          Security Agreement.

     5.3.2. Any advances made by the Band under this subsection (the "Band
          Working Capital Advances") shall accrue interest at an annual rate
          equal to the Band Interest Rate from the date that advances are made,
          and shall be repaid as provided in Section 5.5 below.

5.4. Adjustment to Bank Account. After the disbursements pursuant to Section 5.3
and establishment of any additional reserves for future disbursements as Manager
deems necessary and as are approved by the Business Board, taking into account
anticipated cash flow and Operating Costs of the Enterprise, any excess funds
remaining in the Enterprise Bank Account(s) over the Minimum Balance, the
Capital Replacement Reserve, and such additional reserves as may be approved by
the Business Board shall be disbursed monthly in accordance with Section 5.5.

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<PAGE>

5.5. Payment of Fees and Band Disbursement. Within twenty one (21) days after
the end of each calendar month of operations, Manager shall calculate Gross
Revenues, Operating Expenses, and Net Revenues of the Enterprise for the
previous month's operations and the Fiscal Year's operations to date. Such Net
Revenues shall be disbursed from the Enterprise Bank Account(s) prior to a Band
Event of Default to the extent available in the following order of priority:

     5.5.1. the Minimum Guaranteed Monthly Payment described in Section 5.6;

     5.5.2. Principal due on the Lakes Working Capital Advance Note;

     5.5.3. Principal due to the Band on account of Band Working Capital
          Advances;

     5.5.4. Principal due on the Minimum Payments Note (subject to the
          provisions of Section 5.6.2);

     5.5.5. Current principal and any other payments due on all Loans (and if
          payments are due quarterly, a reserve equal to one third of the
          scheduled quarterly payment shall be deposited in a designated
          Enterprise Bank Account for such payment, and may be invested in
          accordance with the Enterprise Investment Policies pending payment);

     5.5.6. Capital Replacement Reserve contributions as described in Section
          4.15; and

     5.5.7. The Management Fee.

All remaining Net Revenues (the "Monthly Distribution Payment") shall be
distributed to the Band, prior to a Band Event of Default and such notice as
Manager may be required to give before exercising rights under the Dominion
Agreement, at the same time the Management Fee is paid. After a Band Event of
Default and the giving of such notice, payments shall be made in accordance with
Section 4.19.6 above and, to the extent not inconsistent with that subsection,
the Dominion Agreement, prior to payments of any remaining Net Revenues to the
Band.

5.6. Minimum Guaranteed Monthly Payment.

     5.6.1. The Enterprise shall, subject to the provisions of Sections 5.6.2
          through 5.6.5, pay the Band $1,000,000 per month (the "Minimum
          Guaranteed Monthly Payment"), beginning on the Commencement Date and
          continuing for the remainder of the Term. The Minimum Guaranteed
          Monthly Payment shall be payable to the Band in arrears on the twenty
          first (21st) day of each calendar month following the month in which
          the Commencement Date occurs, which payment shall have priority

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<PAGE>

          over the Management Fee. If the Commencement Date is a date other than
          the first day of a calendar month, the first payment will be prorated
          from the Commencement Date to the end of the month. Minimum Guaranteed
          Monthly Payments shall also be prorated if gaming is conducted at the
          Facility for any other partial months.

     5.6.2. Minimum Guaranteed Monthly Payments shall be deducted from any
          Monthly Distribution Payments to be received by the Band under Section
          5.5 above in any given month; provided, however, that if the Net
          Revenues in a given month are less than $1,000,000, Manager shall pay
          the funds necessary to compensate for the deficiency from its own
          funds (the "Minimum Guaranteed Payment Advances"); and provided
          further that the Minimum Guaranteed Monthly Payments shall be reduced
          to $10,000 per month for the remaining months during each Calculation
          Year after the Band has received in such Calculation Year total Net
          Revenue distributions of $12,000,000. Pursuant to Section 5.5.4,
          Manager shall be entitled to recoup from the Band's Monthly
          Distribution Payment in succeeding months of a Calculation Year any
          Minimum Guaranteed Payment Advances made under this paragraph in that
          same Calculation Year, but in no event shall this recoupment payment
          result in the Band's receiving less than its Minimum Guaranteed
          Monthly Payment in any month. Manager shall not otherwise be entitled
          to reimbursement from the Enterprise or the Band for Minimum
          Guaranteed Payment Advances and shall not be entitled to charge any
          interest on any Minimum Guaranteed Payment Advances made hereunder.
          Minimum Guaranteed Monthly Payments shall have priority over
          retirement of development and construction costs. Minimum Guaranteed
          Payment Advances shall not have such priority, shall not accrue
          interest, and shall be evidenced by the Minimum Payments Note. The
          Minimum Payments Note shall be secured by Great Lakes' security
          interest in the Dominion Account, but such security interest shall not
          alter its priority of payment under Section 5.5 or the limitations on
          recoupment imposed under this Section 5.6.2.

     5.6.3. The obligation to make Minimum Guaranteed Monthly Payments shall
          cease upon termination of this Agreement, unless the Agreement is
          terminated by the Band for a Material Breach by the Manager.

     5.6.4. The Minimum Guaranteed Monthly Payment shall be reduced
          prospectively from $1,000,000 to $500,000 upon the opening, if any, of
          a casino in Indiana owned by the Band, on the same cumulative basis as
          provided in Section 5.6.2.

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<PAGE>

     5.6.5. Except as provided in this Section 5.6 with regard to cumulation of
          payments in any Calculation Year or otherwise specifically provided in
          this Agreement, Manager's obligation to pay the Band the Minimum
          Guaranteed Monthly Payment is unconditional and shall not be affected
          by the actual level of funds generated by the Enterprise. Minimum
          Guaranteed Monthly Payments shall also be prorated if gaming is
          conducted at the Facility for any partial months.

5.7. Payment of Net Revenues. The Net Revenues paid to the Band pursuant to this
Article 5 shall be payable to the Band bank account specified by the Pokagon
Council in a notice to Manager pursuant to Section 18.2.

5.8. Harrah's Termination Agreement. Manager shall pay out of its Management Fee
all obligations of the Band to make payments under Sections 1.4.1 and 1.4.3 (as
it pertains to interest on payments due under Section 1.4.1) of the Termination
Agreement dated September 12, 1998 between the Band and Harrah's Southwest
Michigan Casino Corporation (the "Harrah's Termination Agreement"), and shall
indemnify and hold the Band harmless against all loss, liability and expense
relating to its liability under those sections of the Harrah's Termination
Agreement. Such payments shall not constitute Operating Expenses of the Gaming
Facility and shall not be reimbursed by the Band or the Enterprise.

5.9. Band Indemnification - Indiana Casino. The Band shall, to the extent not
prohibited under the IGRA and NIGC regulations, indemnify Manager against any
decrease in Management Fee caused by an Indiana casino owned or operated by the
Band, provided that (a) the alleged reduction in fees shall be measured against
the Management Fees actually earned by Manager in the 12-month period preceding
the date on which the Manager notifies the Band of the claim for indemnification
under this section, without giving effect to any subsequent actual or projected
increase in such fees over that level; and (b) in any arbitration relating to
such a claim, Manager must prove its claim by clear and convincing evidence. The
Band and Manager recognize that the NIGC has not approved, and will not by its
approval of this Agreement approve, any increase in the management fee payable
to Manager under this Agreement as a result of the indemnification provided
under this section; and further agree that the sum of payments to Manager under
this section and management fees paid to Manager under Section 5.1 of this
Agreement shall in no event exceed 30% of actual Net Revenues unless an
amendment of this Agreement is first approved by the NIGC.

5.10. Maximum Dollar Amount for Recoupment. The maximum dollar amount for
recoupment of the development and construction costs of the Facility and the
Enterprise shall be the aggregate amount of (a) all Loans made under Section 9.2
of the Development Agreement, including the Lakes Development Loan, the Bank
Development Loan, the Lakes Facility Loan and the Equipment Loan, plus (b) all
amounts loaned under the

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Minimum Payments Note, the Lakes Working Capital Advance Note, the Non-Gaming
Land Acquisition Line of Credit and the Transition Loan Note, provided that such
aggregate amount shall not exceed $379,500,000.

6.   ENTERPRISE NAME; MARKS

6.1. Enterprise Name. The Enterprise shall be operated under the name "Four
Winds Casino Resort," or such other business name as may be approved by the
Manager and the Band (the "Enterprise Name").

6.2. Marks. All Marks shall be approved by the Business Board and shall be
subject to the reasonable approval of the Pokagon Council. Prior to the
Commencement Date and from time to time during the Term hereof, Manager agrees
to take such actions on behalf of the Band as are reasonably necessary to
register and protect all Marks.

6.3. Signage. Manager shall erect and install in accordance with local codes and
regulations appropriate signs in, on or about the Facility, including, but not
limited to, signs bearing Marks as part of the Enterprise Name. The costs of
purchasing, leasing, transporting, constructing, maintaining and installing the
required signs and systems, and of registering and protecting all Marks, shall
be part of the Operating Expenses.

7.   TAXES

7.1. State and Local Taxes. If the State or any local government attempts to
impose any tax including any possessor interest tax upon any party to this
Agreement or upon the Enterprise, the Facility or the Gaming Site, the Pokagon
Band may direct the Enterprise, in the name of the appropriate party or parties
in interest, to resist such attempt through legal action. The costs of such
action and the compensation of legal counsel shall be an Operating Expense of
the Enterprise. Any such tax shall constitute an Operating Expense of the
Enterprise. This section shall in no manner be construed to imply that any party
to this Agreement or the Enterprise is liable for any such tax.

7.2. Band Taxes. The Band agrees that neither it nor any agent, agency,
affiliate or representative of the Band will impose any taxes, fees, assessments
or other charges of any nature whatsoever on payments of any debt service on any
Loan or on debt service on any other financing for the Facility or for the
Enterprise, or on the revenues of the Enterprise or the Facility, or on the
Management Fee as described in Section 5.1 of this Agreement; but the Band
reserves the right to otherwise impose usual and customary taxes and fees on
transactions at or in connection with the Facility or on the Facilities'
employees, officers, directors, vendors and patrons. Without limiting the
foregoing, the Band shall be specifically permitted to impose (a) charges,
assessments, fines or fees imposed by governmental entities of the Band which
are reasonably related to the cost of Tribal governmental regulation of public
health, safety or welfare, or the integrity of Tribal gaming operations, and (b)
other taxes, charges, assessments or fees imposed

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<PAGE>

against the Enterprise or property of the Enterprise, or sales, use, excise,
hotel occupancy and other similar taxes (excluding taxes, charges, assessments
or fees against real or personal property of the Facility or on gaming revenues
or earnings) of such types and percentage amounts not to exceed those imposed by
any state or local government within the Restricted Territory.

7.3. Compliance with Internal Revenue Code. Manager shall comply with all
applicable provisions of the Internal Revenue Code.

8.   BUY-OUT OPTION

     The Band shall have the right, beginning two years after the Commencement
Date, to buy out the remaining term of this Agreement (the "Buyout Option"),
provided that such buyout includes repayment in full of all outstanding debt
owed by the Band to Manager, including without limitation the Lakes Development
Loan, the Lakes Facility Loan (to the extent made by Manager), the Transition
Loan, the Non-Gaming Land Acquisition Line of Credit, and either repayment of
the Bank Development Loan, the Lakes Facility Loan and the Equipment Loan (to
the extent they are guaranteed by Manager or are subject to credit enhancements
furnished by Manager) or release of Manager's and Lakes' guarantees and other
credit enhancements, if any, relating to those Loans. The Buyout Option price
shall be determined by multiplying the average monthly Management Fee earned
during the 12 month period prior to exercise of the Buyout by the number of
months remaining in the term of this Agreement, and discounting future payments
at a discount rate equal to the Band Interest Rate. The Band shall not be
required in connection with its exercise of the Buyout Option to pay any
termination fee or to make any payment related to the value of gaming equipment,
amenities, or any other asset of the Facility or the Enterprise.

9.   EXCLUSIVITY; NON-COMPETITION

9.1. Exclusivity in Michigan. The Band shall deal exclusively with Manager for
gaming development on Indian lands in Michigan from the date of execution of
this Agreement through the earlier of five years from the Commencement Date or
termination or buyout of the Agreements.

9.2. Indiana Casino. Manager and Lakes recognize that the Band intends to
develop a casino in Indiana, and that the Band shall have no obligations to
Manager or Lakes in that regard; except that the Band agrees that, if it decides
to engage an outside manager to develop or operate an Indiana casino, it shall
discuss contracting with Manager for such development or operation for 45 days
before soliciting proposals from third parties as to management or development
of that casino. No obligation to enter into an agreement with Manager shall be
implied from this undertaking, and the Band shall retain full and absolute
discretion in that regard.

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<PAGE>

9.3. Non-Competition. Manager and Lakes each agree that for five years after
execution of the Agreements or the Term of the Agreements, whichever is greater,
neither it nor any of their respective present or future Insiders will without
the prior written approval of the Pokagon Council directly or indirectly in the
Restricted Territory develop, operate, consult with regard to, or be in any way
affiliated with any non-Indian gaming facility, any Class II or III Gaming
facility or any other kind of gaming, or any hotels or other amenities related
to such gaming or facility; except that Insiders shall not include (a) Kids
Quest, Grand Casinos, Inc., or Innovative Gaming Corp. by reason of (i) the
service of (A) Lyle Berman as director or employee (without management
responsibility) of such entities,, or (ii) any stock ownership of Manager or
Lakes in such entities; or (b) any entity because of the investment banking
services of Ron Kramer, a director of Lakes. References in this section shall
include such entity's successor, whether by merger, acquisition or otherwise.

9.4. Permitted Assignment; Change of Control.

     9.4.1. Manager may not assign its rights under this Agreement without the
          Band's prior written consent, except that Manager may assign its
          rights under such Agreement, but not its obligations, to a wholly
          owned subsidiary of Lakes.

     9.4.2. The Band may not assign its rights under this Agreement; except that
          the Band may, without the consent of Manager, but subject to approval
          by the Secretary of the Interior or the Chairman of the NIGC or his
          authorized representative, if required, assign this Agreement and the
          assets of the Enterprise to a Corporate Commission or other
          instrumentality of the Band organized to conduct the business of the
          Project and the Enterprise for the Band that assumes all obligations
          herein. No assignment authorized hereunder shall be effective until
          all necessary governmental approvals have been obtained. No such
          assignment shall relieve the Band of any obligation hereunder, unless
          otherwise agreed by Manager or the holder of such obligation.

     9.4.3. The Band shall be entitled to terminate the Agreements if Manager or
          Lakes undergoes a Change of Control or if Great Lakes ceases to be a
          wholly-owned subsidiary of Lakes, in each case without the prior
          written consent of the Band. The Band shall not be required to prepay
          any amounts advanced by Manager, Lakes or any third party in the event
          of such termination, and such obligations shall remain payable in
          accordance with their payment terms. Manager and Lakes agree to notify
          the Band in writing within 30 days after the occurrence of any event
          described in Clauses I or II in the definition of Change of Control,
          and within 30 days of Manager's knowledge of any event described in

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<PAGE>

          Clauses III or IV of that definition. "Change of Control," for
          purposes of this provision, means (I) the merger, consolidation or
          other business combination of Manager or Lakes with, or acquisition of
          all or substantially all of the assets of Manager or Lakes by, any
          other entity, except that (A) Manager may merge with any other entity
          wholly owned by Lakes if the surviving entity assumes the obligations
          of Manager under the Agreements, and (B) Lakes Gaming and Resorts, LLC
          may merge with any other entity wholly owned by Lakes if the surviving
          entity assumes the obligations of Lakes Gaming and Resorts, LLC under
          the Guaranty, provided that in each case Lakes shall remain liable
          under the Guaranty; (II) Lyle Berman's ceasing to be either Chief
          Executive Officer or Chairman of the Board of Lakes (other than on
          account of death or disability, and except as provided at the end of
          this definition); (III) the acquisition by any person or affiliated
          group of persons not presently a shareholder of Manager of beneficial
          ownership of 30% or more in interest of the outstanding voting stock
          of Lakes, as determined under 17 CFR Sections 240.13d-3 or 240.16a-l;
          or (IV) the acquisition by any person or affiliated group of persons
          not presently a shareholder of Lakes of beneficial ownership of 10% or
          more in interest of the outstanding voting stock of Lakes, as
          determined under 17 CFR Sections 240.13d-3 or 240.16a-l, if a majority
          of the Board of Directors of Lakes is replaced within two years after
          such acquisition by directors not nominated and approved by the Board
          of Directors.

9.5. Restrictions on Collateral Development. Manager and Lakes each agree that
for five years after execution of the Agreements or the Term of the Agreements,
whichever is greater, neither it nor any of its present or future Insiders will
directly or indirectly purchase any land or operate, manage, develop or have any
direct or indirect interest in any commercial facilities or business venture
located within 20 miles of the Facility without the prior written consent of the
Band.

10.  REPRESENTATIONS, WARRANTIES, AND COVENANTS

10.1. Representations and Warranties of the Band. The Band represents and
warrants to Manager as follows:

     10.1.1. Due Authorization. The Band's execution, delivery and performance
          of this Agreement and all other instruments and agreements executed in
          connection with this Agreement have been properly authorized by the
          Band and do not require further Band approval.

     10.1.2. Valid and Binding. This Agreement and all other instruments and
          agreements executed in connection with this Agreement have been

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<PAGE>

          properly executed, and once approved in accordance with Legal
          Requirements constitutes the Band's legal, valid and binding
          obligations, enforceable against the Band in accordance with their
          terms.

     10.1.3. Pending Litigation. There are no actions, suits or proceedings,
          pending or threatened, against or affecting the Band before any court
          or governmental agency that relate to the Project, the Enterprise or
          any transaction contemplated by the Transaction Documents, except as
          disclosed on Exhibit B.

10.2. Band Covenants. The Band covenants and agrees as follows:

     10.2.1. No Impairment of Contract. During the term of this Agreement and
          the Development Agreement, the Band shall enact no law impairing the
          obligations or contracts entered into in furtherance of the
          development, construction, operation and promotion of Gaming on the
          Gaming Site. Neither the Pokagon Council nor any committee, agency,
          board of any other official body, and no officer or official of the
          Band shall, by exercise of the police power or otherwise, act to
          modify, amend, or in any manner impair the obligations of contracts
          entered into by the Pokagon Council or the GRA or other parties in
          furtherance of the financing, development, construction, operation, or
          promotion of Gaming at the Gaming Site without the written consent of
          the non-tribal parties to such contracts.

     10.2.2. Waiver of Sovereign Immunity. The Band will waive sovereign
          immunity on the limited basis described in Section 13.1 with respect
          to this Agreement.

     10.2.3. Valid and Binding. This Agreement, the Development Agreement, the
          Lakes Development Note, the Lakes Facility Note, the Lakes Working
          Capital Advance Note, the Minimum Payments Note, the Transition Note
          and the Non-Gaming Land Acquisition Line of Credit, and each other
          contract contemplated by this Agreement shall, once approved in
          accordance with Legal Requirements, be enforceable in accordance with
          their terms.

     10.2.4. Legal Compliance. In its performance of this Agreement, the Band
          shall comply with all Legal Requirements.

     10.2.5. No Termination. The Band shall not act in any way whatsoever,
          directly or indirectly, to cause this Agreement to be amended,
          modified,

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          canceled, or terminated, except pursuant to its express terms or with
          the consent of Manager.

     10.2.6. Title to Assets. During the Term of this Agreement the Band shall
          retain its interest in the title to (or the leasehold interest in) all
          Enterprise assets, including the Gross Revenues, the Gaming Site and
          any fixtures, supplies and equipment, subject to the purchase money
          security interest in equipment securing the Equipment Loan, Lakes'
          security interest in the Dominion Account and (to the extent
          applicable) in the Furnishings and Equipment (until all obligations of
          the Band to Lakes secured by that account and such Furnishings and
          Equipment are paid in full, to the extent provided in Section 9.2.
          l(j) of the Development Agreement), and any other liens granted in
          accordance with the Development Agreement.

     10.2.7. Notwithstanding the foregoing, a breach of this subsection 10.2
          shall not be a basis to overturn, negate or in any manner modify any
          Governmental Action through arbitration or other proceedings, and any
          remedy for such breach shall be subject to the Specific Performance
          Restriction. The preceding sentence does not prevent an arbitrator
          from determining that the taking of any Governmental Action or the
          failure to take any Governmental Action, which is not caused by a
          breach of Great Lakes or Lakes' obligations under the Agreements or
          the Guaranty, constitutes a breach of this Agreement by the Band,
          thereby resulting in liability on the part of the Band for damages in
          favor of the Manager as provided in this Agreement.

10.3. Representations and Warranties of Manager and Lakes. Manager and Lakes
each represent and warrant to the Band as follows:

     10.3.1. Due Authorization. Manager's and Lakes' execution, delivery and
          performance of this Agreement, the Guaranty and all other instruments
          and agreements executed in connection with this Agreement have been
          properly authorized by and Lakes, respectively, to the extent they are
          parties thereto, and do not require further approval.

     10.3.2. Valid and Binding. This Agreement and all other instruments and
          agreements executed in connection with this Agreement have been
          properly executed and constitutes Manager's and Lakes' respective
          legal, valid and binding obligation, enforceable against Manager and
          Lakes in accordance with their terms to the extent they are parties
          thereto.

     10.3.3. Litigation. There are no actions, suits or proceedings pending or
          threatened against or affecting Manager or Lakes before any court or

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          governmental agency that would in any material way affect Manager's or
          Lakes' ability to perform this Agreement and the Guaranty, to the
          extent they are parties thereto, other than litigation disclosed in
          filings by Lakes with the Securities and Exchange Commission. Manager
          and Lakes each warrant that no litigation so disclosed in any material
          way affects or will affect Managers' and Lakes' ability to perform
          under the Agreements or the Guaranty.

     10.3.4. Certifications. The certifications contained in the Respondent
          Certifications attached as Exhibit H to Manager's Proposal (the
          "Certificate") are true and correct as to Manager, Lakes and as to all
          Insiders of Manager and Lakes, as if each such Insider were the
          "undersigned respondent" on such Certificate.

10.4. Manager Covenants. Manager and Lakes each covenant and agree as follows:

     10.4.1. Noninterference in Band Affairs. Manager and Lakes each agrees not
          to interfere in or attempt to wrongfully influence the internal
          affairs or government decisions of the Band government by offering
          cash incentives, by making written or oral threats to the personal or
          financial status of any person, or by any other action, except for
          actions in the normal course of business of Manager that relate to the
          Enterprise.

     10.4.2. Prohibition of Payments to Members of Band Government. Manager and
          Lakes represent and warrant that no payments have been or will be made
          by Manager or Lakes, or any Affiliate or Insider of Manager or Lakes,
          to any Member of the Band Government, any Band official, any Relative
          of a Member of Band Government or Band official, any Band Government
          employee, any agent of the Band, or any entity known by Manager or
          Lakes to be associated with any such person, for the purpose of
          obtaining any special privilege, gain, advantage or consideration.

     10.4.3. Prohibition of Hiring Members of Band Government. No Member of the
          Band Government, Band official, Relative of a Member of the Band
          Government or Band official or employee of the Band Government may be
          employed at the Enterprise without a written waiver of this Section
          10.4.3 by the Band. For this purpose, the Band will identify all such
          persons to Manager in a writing and take reasonable steps to keep the
          list current; Manager shall not be held responsible if any person not
          on such written list is employed.

     10.4.4. Prohibition of Financial Interest in Enterprise. No Member of the
          Band Government or Relative of a Member of the Band Government shall

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<PAGE>

          have a direct or indirect financial interest in the Enterprise greater
          than the interest of any other member of the Band; provided, however,
          nothing in this subsection shall restrict the ability of a Band member
          who is not a Member of Band Government or Relative of a Member of the
          Band Government to purchase or hold stock in Lakes where (i) such
          stock is publicly held and (ii) the Band member acquires less than 5%
          of the outstanding stock in the corporation.

     10.4.5. No Amendment. Neither Manager nor Lakes shall act in any way
          whatsoever, directly or indirectly, to cause this Agreement to be
          amended, modified, canceled, or terminated, except pursuant to its
          express terms or with the consent of the Band.

     10.4.6. CRC. CRC shall not during the Term of the Management Agreement (a)
          be directly or indirectly affiliated with Manager, Lakes or the
          Facility, whether as joint venturer or otherwise, (b) be employed by
          Manager or Lakes or, to the knowledge of Manager and Lakes, any entity
          having any contractual relationship with Manager or Lakes, with regard
          to the Facility, or (c) directly or indirectly receive any payment or
          anything of value from Manager from or out of the Management Fee or
          any other payment made to Manager by the Band or the Facility. Manager
          agrees to indemnify the Band and its members and hold them harmless
          against all loss, liability and expense relating to claims, of
          whatever kind or nature, of CRC against any one or more of them. The
          Band consents to the execution and delivery by Lakes of a certain
          Conditional Release and Termination Agreement between Lakes and CRC
          dated May 20, 1999, as amended by Amendment dated on or about July 7,
          1999, true copies of which are attached as Exhibit M of the
          Development Agreement, provided that CRC executes and delivers to the
          Band and its members a general release in the form attached as Exhibit
          N of the Development Agreement. Manager and Lakes each warrant that it
          has no agreements or understandings with CRC in any way related to the
          Band or the Enterprise other than as set forth in Exhibit M of the
          Development Agreement. The Band further agrees that Lakes may hold
          stock of CRC as collateral for Lakes' guarantee of a loan to a third
          party, provided that on default it proceeds to liquidate such
          collateral in a reasonably prompt and orderly manner, and that Lyle
          Berman may continue to hold approximately 350,000 shares of CRC so
          long as he plays no role in the management of, and does not sit on,
          the board of directors of CRC.

10.5. No Liens. Subject to the exceptions stated in Section 10.6, the Band
specifically warrants and represents to Manager that during the term of this
Agreement the Band shall

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not act in any way whatsoever, either directly or indirectly, to cause any
person or entity to become an encumbrancer or lienholder of the Gaming Site or
the Facility except as provided under the Agreements. Except as otherwise
specifically provided in the Agreements, Manager specifically warrants and
represents to the Band that during the term of this Agreement Manager shall not
act in any way, directly or indirectly, to cause any person or entity to become
an encumbrancer or lienholder of the Gaming Site or the Facility, or to obtain
any interest in this Agreement without the prior written consent of the Band,
and, where applicable, the United States. The Band and Manager shall keep the
Facility and Gaming Site free and clear of all enforceable mechanics' and other
enforceable liens resulting from the construction of the Facility and all other
enforceable liens which may attach to the Facility or the Gaming Site, which
shall at all times remain the property of the United States in trust for the
Band.

10.6. Permitted Liens. The Band shall have the right to grant the following
liens and security interests pertaining to the Enterprise and the Facility:

     10.6.1. The purchase money security interest in Furnishings and Equipment
          granted to the Equipment Lender to secure the Equipment Loan and, to
          the extent provided in Section 9.2.1(j) of the Development Agreement,
          security interests in Furnishings and Equipment granted to Great
          Lakes;

     10.6.2. Security interests in Facility or Enterprise revenues, subordinate
          to the right of Manager to receive payment of Management Fees and
          payments on the Lakes Development Loan, the Lakes Facility Loan, the
          Lakes Working Capital Advance Note, the Minimum Payments Note, and any
          other amounts due to the Manager under the Agreements and related
          documents;

     10.6.3. Security interests in Facility or Enterprise assets, as provided in
          Section 9.2.5(b) of the Development Agreement; and

     10.6.4. Other liens and security interests in assets of the Facility and
          Enterprise with the written consent of Manager and the Bank Lender,
          which consent will not be unreasonably withheld.

     10.6.5. [intentionally omitted]

10.7. Brokerage. Manager, Lakes and the Band represent and warrant to each other
that neither has sought the services of a broker, finder or agent in this
transaction, and neither has employed, nor authorized, any other person to act
in such capacity. Manager, Lakes and the Band each hereby agrees to indemnify
and hold the other harmless from and against any and all claims, loss,
liability, damage or expenses (including reasonable attorneys' fees) suffered or
incurred by the other party as a result of a claim brought by a person or entity
engaged or claiming to be engaged as a finder, broker or agent by the

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<PAGE>

indemnifying party; subject, as to Lakes' relations with CRC, to the provisions
of Section 10.4.6.

11. DEFAULT

11.1. Events of Default by the Band. Each of the following shall be an event of
default by the Band under this Agreement ("Band Event of Default"):

     11.1.1. The Band shall commit a Material Breach of any of the Band's
          obligations under this Agreement or any other Transaction Documents,
          subject to the rights to cure provided in this Agreement or in any of
          such documents.

     11.1.2. Any of the representations and warranties made by the Band in
          Section 10.1 of this Agreement or in any other Transaction Documents
          were not true in any material respect when made or would not be
          materially true if made on the date such performance would otherwise
          be due.

     11.1.3. The Band violates the provisions of Section 9.1 of this Agreement,
          subject to notice and right to cure.

     11.1.4. The Band commits any Material Breach of the Development Agreement
          which is not cured within any applicable cure period.

If any Band Event of Default occurs, Manager may, upon written notice to Band,
exercise the rights and remedies available to Manager provided in this
Agreement; provided, however, that all such rights and remedies shall be Limited
Recourse.

11.2. Events of Default by Manager. Each of the following shall be an event of
default by Manager under this Agreement ("Manager Event of Default"):

     11.2.1. Any Minimum Guaranteed Monthly Payment, Monthly Distribution
          Payment or other payment due the Band under this Agreement is not paid
          within ten (10) days after its due date.

     11.2.2. Manager or Lakes shall commit any other Material Breach of any of
          Manager's or Lakes' obligations under this Agreement, the Guaranty, or
          any other Transaction Documents, as applicable.

     11.2.3. Any representation or warranty that Manager or Lakes has made under
          this Agreement or any other Transaction Document shall prove to have
          been untrue in any material respect when made or would not be
          materially true if made on the date such performance would otherwise
          be due.

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<PAGE>

     11.2.4. Manager or Lakes violates the provisions of Article 9 of this
          Agreement applicable to Manager or Lakes, subject to rights of notice
          and cure to the extent provided in that Article.

     11.2.5. Manager or Lakes (to the extent applicable) commits or causes any
          Material Breach of the Development Agreement which is not cured within
          any applicable cure period.

     11.2.6. [intentionally omitted]

     11.2.7. Manager violates Legal Requirements in the management of the
          Enterprise, including without limitation the Band Gaming Ordinance,
          and such violation is not cured within (a) thirty (30) days after
          notice, as to the Band Gaming Ordinance or any other gaming laws or
          regulations, or (b) within a reasonable period, not to exceed 90 days,
          as to any other Legal Requirements.

If any Manager Event of Default occurs, the Band may, upon written notice to
Manager, exercise the rights and remedies available to the Band provided in this
Agreement.

11.3. Material Breach; Right to Cure.

     11.3.1. Neither Great Lakes nor the Band may terminate this Agreement,
          recover damages or foreclose on security interests on grounds of a
          potential Material Breach of this Agreement or any other Transaction
          Document unless it has provided written notice to the other party of
          its intention to terminate this Agreement, seek damages or foreclose.
          During the 30 day period after the receipt of the notice to terminate
          (as to defaults which can be cured within 30 days) or the 90 day
          period after such receipt (as to defaults which cannot be cured within
          30 days), whichever is applicable, the party receiving the notice may
          cure the alleged default and (without waiting for the expiration of
          such periods) any party may submit the matter to arbitration under the
          dispute resolution provisions of this Agreement set forth at Article
          13. The discontinuance or correction of a Material Breach shall
          constitute a cure thereof. Nothing in this subsection shall affect or
          impair the obligation of any party to promptly comply with all Legal
          Requirements, or limit any sanctions that may be imposed for any
          violation thereof; nor shall this subsection prevent a party taking
          such actions within such 30 or 90 day periods as may be permitted or
          required by this Agreement, the Gaming Ordinance or NIGC regulations.
          The provisions of this subsection and the parallel provisions of
          Section 12.3 of the Development

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<PAGE>

          Agreement shall control over any conflicting provisions in any other
          Transaction Document.

     11.3.2. Nothing in this subsection 11.3 shall apply to termination under
          Sections 12.1, 12.2, 12.6, 12.7 or 12.8 of this Agreement.

12. TERMINATION

12.1. Voluntary Termination. This Agreement may be terminated by mutual written
consent.

12.2. Termination if No NIGC Approval. The Band and Manager may each
unilaterally terminate the Agreements by written notice if NIGC Approval has not
occurred on or before August 26, 2007.

12.3. Manager Right to Terminate on Band Event of Default. Manager shall be
entitled to terminate the Agreements (a) upon a Band Event of Default or (b) as
specifically provided in the Agreements, subject to right to cure and
arbitration as provided in this Agreement.

12.4. Band Right to Terminate on Manager Event of Default. The Band shall be
entitled to terminate the Agreements (a) upon a Manager Event of Default or (b)
as specifically provided in the Agreements, subject to right to cure and
arbitration as provided in this Agreement.

12.5. Band Right to Terminate for Material Adverse Change. Prior to the
Commencement Date, the Band shall be entitled to terminate the Agreements in the
event of a Material Adverse Change; provided that the following procedures shall
apply:

     12.5.1. Manager shall notify the Band in the event of any Material Adverse
          Change.

     12.5.2. Manager shall cause Lakes to send to the Band copies of all filings
          by Lakes with the Securities and Exchange Commission under Forms 8K,
          10Q and 10K; shall furnish the Band with copies of such other SEC
          filings that the Band may request; and shall furnish the Band with
          such other information concerning a Material Adverse Change as the
          Band may reasonably request.

     12.5.3. If the Band believes that a Material Adverse Change has occurred,
          the Band shall so notify Manager and Lakes in writing and shall
          request specified further assurances of their respective continued
          ability to perform under the Agreements, the Guaranty, and all related
          agreements and instruments.

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<PAGE>

     12.5.4. Within thirty (30) days after that notification Manager shall admit
          or deny, and shall cause Lakes if applicable to admit or deny, the
          alleged Material Adverse Change, giving the specific basis for its
          response; shall state, and shall cause Lakes to state, whether it
          agrees to provide the requested further assurances; if it agrees to
          provide the requested further assurances, shall tender its performance
          in that regard; and, if it admits a Material Adverse Change but
          disputes the requested further assurances, shall tender such further
          assurances by it and Lakes as it deems sufficient to ensure its
          continued ability to perform under the Agreements, the Guaranty, and
          all related agreements and instruments.

     12.5.5. If Manager or Lakes denies the Material Adverse Change or disputes
          that the requested further assurances are reasonably required to
          assure the Band of their respective continued ability to perform under
          the Agreements, the Guaranty, and all related agreements and
          instruments, those issues shall be submitted to arbitration. The
          arbitrator shall determine whether (a) a Material Adverse Change has
          occurred; (b) the requested further assurances are reasonably required
          to assure the Band of their respective continued ability to perform
          under the Agreements, the Guaranty, and all related agreements and
          instruments; and (c) if a Material Adverse Change has occurred but the
          requested further assurances are not reasonably required to so assure
          the Band, what further assurances must be provided by Manager and
          Lakes to reasonably assure the Band of their continued ability to
          perform under the Agreements, the Guaranty, and all related agreements
          and instruments. Any further assurances required under the
          arbitrator's award must be furnished by Manager and Lakes within
          thirty (30) days after entry of the award.

     12.5.6. If Manager or Lakes admit the Material Adverse Change but does not
          furnish further assurances, or if Manager or Lakes does not timely
          provide further assurances pursuant to an arbitrator's award, the Band
          may terminate the Agreements by written notice to Manager.

     12.5.7. Manager, Lakes and the Band agree that the continuing ability of
          Manager and Lakes to make the payments and advances provided under
          this Agreement, the Guaranty, and all related agreements and
          instruments, and to ensure the Band can obtain the Loans to develop,
          construct, equip and operate the Facility provided in this Agreement,
          is an essential part of the consideration for which the Band bargained
          in entering into the Agreements.

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<PAGE>

12.6. Termination if Manager License Withdrawn or on Conviction. The Band may
also terminate this Agreement immediately where Manager or Lakes has had its
gaming license withdrawn in any jurisdiction by final administrative action (the
finality of which shall be determined without regard to pending or possible
judicial review or appeal), or if Manager, Lakes or an Insider of Manager or
Lakes, has been convicted of a criminal (a) felony or (b) misdemeanor offense
involving gaming, fraud or moral turpitude; provided, however, the Band may not
terminate this Agreement based on a director or officer's conviction where
Manager or Lakes terminates such individual within ten (10) days after receiving
notice of the conviction.

12.7. Termination on Buy-Out. This Agreement shall terminate if the Band
exercises its option to buy out the Agreement in accordance with Section 8.

12.8. Involuntary Termination Due to Changes in Legal Requirements. It is the
understanding and intention of the parties that the development, construction
and operation of the Enterprise shall conform to and comply with all Legal
Requirements. If during the term of this Agreement, the Enterprise or any
material aspect of Gaming at the Gaming Site is determined by the Congress of
the United States, Department of the Interior of the United States of America,
the NIGC, or the judgment of a court of competent jurisdiction (after expiration
of the time within which appeals must be filed or completion of appeals, if any)
to be unlawful under federal law, the obligations of the parties hereto shall
cease and the Agreements shall be of no further force and effect as of the date
of such determination; subject, however, to the following provisions as to
damages:

     12.8.1. If the date of such determination is prior to the Commencement
          Date, Manager shall be entitled to damages as provided in Section 14.4
          of the Development Agreement with regard to failure to obtain NIGC
          Approval.

     12.8.2. If the date of such determination is after the Commencement Date:

          (a)  The Band shall retain all fees and Monthly Payments previously
               paid or advanced to it pursuant to the Agreements, as well as all
               Tribal Distributions and Non-Gaming Lands, the Gaming Site and
               any other property transferred into trust;

          (b)  Any money loaned to the Band by Lakes or Great Lakes, or owed to
               Lakes or Great Lakes under the Transaction Documents as of the
               date of such determination shall be repaid to Great Lakes or
               Lakes in accordance with the Limited Recourse terms of the Lakes
               Development Note, the Lakes Facility Note, the Lakes Working
               Capital Advance Note, the Minimum Payments Note, the Transition

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<PAGE>

               Loan Note, the Non-Gaming Acquisition Line of Credit, this
               Agreement and any other applicable Transaction Documents; and

          (c)  The Band shall retain its interest in the title (and any lease)
               to all Enterprise assets, including the Gross Revenues, the
               Gaming Site and any fixtures, supplies and equipment (except, as
               to Surplus Equipment, as provided in Section 13.7(b)(iv) of the
               Development Agreement), subject to the purchase money security
               interest in Furnishings and Equipment securing the Equipment
               Loan, Manager's security interest in the Dominion Account and
               Furnishings and Equipment, if any (until all obligations of the
               Band to Manager secured by that account and Furnishings and
               Equipment are paid in full, to the extent provided in Section
               9.2.1(j) of the Development Agreement), and any other liens
               granted in accordance with the Development Agreement; and

          (d)  Any Net Revenues accruing through the date of termination shall
               be distributed in accordance with Article 5 of this Agreement.

     Upon termination of this Agreement any claim of Manager or Lakes against
the Band, or of the Band against the Manager or Lakes, shall be subject to their
respective rights of recoupment and setoff, if any.

13.  DISPUTE RESOLUTION; LIQUIDATED DAMAGES

13.1. Band's Waiver of Sovereign Immunity and Consent to Suit. The Band
expressly waives its sovereign immunity from suit for the purpose of permitting
or compelling arbitration as provided in this Article 13 and consents to be sued
in the United States District Court for the Western District of Michigan -
Southern Division, the United States Court of Appeals for the Sixth Circuit, and
the United States Supreme Court for the purpose of compelling arbitration or
enforcing any arbitration award or judgment arising out of this Agreement, the
Transition Loan Note, the Lakes Development Note, the Lakes Facility Note, the
Lakes Working Capital Advance Note, the Minimum Payments Note, the Non-Gaming
Land Acquisition Line of Credit, the Development Agreement, any mortgages
granted to Manager securing the Lakes Development Note or, the Non-Gaming Land
Acquisition Line of Credit, the Dominion Agreement, the Lakes Security
Agreement, or other obligations between the parties. If the United States
District Court lacks jurisdiction, the Band consents to be sued in the Michigan
State Court system. The Band waives any requirement of exhaustion of tribal
remedies. Without in any way limiting the generality of the foregoing, the Band
expressly authorizes any governmental authorities who have the right and duty
under applicable law to take any action

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<PAGE>

authorized or ordered by any such court, and to take such action, including
without limitation, repossessing or foreclosing on any real property not in
trust and or on equipment subject to a security interest, or on the Dominion
Account, or otherwise giving effect to any judgment entered; provided, however,
that liability of the Band under any judgment shall always be Limited Recourse,
and in no instance shall any enforcement of any kind whatsoever be allowed by
Lakes or Manager against any assets of the Band other than the limited assets of
the Band specified in Section 13.3.1 below. The Band appoints the Chairman of
the Pokagon Council and the Secretary of the Pokagon Council as its agents for
service of all process under or relating to the Agreements. The Band agrees that
service in hand or by certified mail, return receipt requested, shall be
effective for all purposes under or relating to the Agreements if served on such
agents.

13.2. Arbitration. All disputes, controversies or claims arising out of or
relating to this Agreement, any other Transaction Documents or other obligations
between Lakes or Manager and the Band shall be settled by binding arbitration in
accordance with the Commercial Arbitration Rules of the American Arbitration
Association in effect on the date demand for arbitration is made, and the
Federal Arbitration Act. The parties agree that binding arbitration shall be the
sole remedy as to all disputes arising out of this Agreement, except for
disputes requiring injunctive or declaratory relief. Notwithstanding the
foregoing, an arbitrator shall not have the power to compel, overturn, negate or
in any manner modify any Governmental Action, and any arbitration award or
related judicial decree or judgment shall be subject to the Specific Performance
Restriction. The preceding sentence does not prevent an arbitrator from
determining that the taking of any Governmental Action or the failure to take
any Governmental Action, which is not caused by a breach of Manager or Lakes'
obligations under the Agreements or the Guaranty, constitutes a breach of this
Agreement by the Band or the impairment of rights of Manager under this
Agreement, thereby resulting in liability on the part of the Band for damages in
favor of the Manager as provided in this Agreement and enforcement of the
obligations of the Band to Manager, including any security agreements and
collateral instruments, in accordance with their terms.

     13.2.1. Choice of Law. In determining any matter the Arbitrator(s) shall
          apply the terms of this Agreement, without adding to, modifying or
          changing the terms in any respect, and in their interpretation and
          construction shall, to the extent not preempted by federal law, apply
          Michigan law. Use of Michigan law for the foregoing limited purpose of
          interpretation and construction is not intended by the parties to and
          shall not otherwise (i) incorporate substantive Michigan laws or
          regulations, including but not limited to Michigan usury laws or any
          other present or future provision of the laws of Michigan that would
          restrict the rate of interest upon any loan contemplated hereunder; or
          (ii) grant any jurisdiction to the State or any political subdivision
          thereof over the Gaming Site or the Facility.

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<PAGE>

     13.2.2. Place of Hearing. All arbitration hearings shall be held at a place
          designated by the arbitrator(s) in Kalamazoo, Michigan or at such
          other place agreed to by the parties.

     13.2.3. Confidentiality. The parties and the arbitrator(s) shall maintain
          strict confidentiality with respect to the arbitration.

13.3. Limitation of Actions. The Band's waiver of immunity from suit is
specifically limited to the following actions and judicial remedies:

     13.3.1. Damages. The enforcement of an award of money and/or damages by
          arbitration; provided that the award of any arbitrator and/or court
          must be Limited Recourse, and no arbitrator or court shall have
          authority or jurisdiction to order execution against any assets or
          revenues of the Band except (a) undistributed or future Net Revenues
          of the Enterprise or Subsequent Gaming Facility Revenues; (b) as to
          the Equipment Loan, the Furnishings and Equipment securing that Loan;
          (c) if the Commencement Date does not occur, Subsequent Gaming
          Facility Revenues to the extent provided in this Agreement; (d) as to
          the Lakes Development Note and the Non-Gaming Acquisition Line of
          Credit, mortgages on the Non-Gaming Lands prior to their transfer into
          trust; (e) after the Commencement Date occurs, funds on deposit in the
          Dominion Account to the extent provided in Section 9.2.l(j) of the
          Development Agreement and the Dominion Agreement, or in any other
          dominion agreement executed by the Band; and (f) as to the Lakes
          Development Note, the Lakes Facility Note, the Lakes Working Capital
          Advance Note, the Non-Gaming Land Acquisition Line of Credit and the
          Transition Loan, Furnishings and Fixtures to the extent provided in
          Section 9.2.l(j) of the Development Agreement. In no instance shall
          any enforcement of any kind whatsoever be allowed against any assets
          of the Band other than the limited assets of the Band specified in
          this subsection.

     13.3.2. Consents and Approvals. The enforcement of a determination by an
          arbitrator that the Band's consent or approval has been unreasonably
          withheld contrary to the terms of this Agreement or any other
          Transaction Document, provided that such enforcement shall be subject
          to the Specific Performance Restriction.

     13.3.3. Injunctive Relief and Specific Performance. The enforcement of a
          determination by an arbitrator that prohibits the Band from taking any
          action that would prevent Manager from performing its obligations
          pursuant to the terms of this Agreement or any other Transaction

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<PAGE>

          Document, or that requires the Band to specifically perform any
          obligation under this Agreement; provided, however, that any
          injunction against the Band shall be Limited Recourse; shall be
          subject to the Specific Performance Restriction; shall not mandate,
          preclude or affect payment of any funds of the Band other than
          undistributed or future Net Revenues of the Enterprise or funds in the
          Dominion Account or Subsequent Gaming Facility Revenues; and shall not
          relate to any asset of the Band other than the Enterprise.

     13.3.4. Action to Compel Arbitration. An action to compel arbitration
          pursuant to this Article 13.

13.4. Damages on Termination for Failure to Obtain NIGC Approval. In the event
of termination of this Agreement under Section 12.2 because NIGC Approval has
not been obtained on or before August 26, 2007, the Band shall be responsible
for damages as provided in Section 14.4 of the Development Agreement but shall
not be liable for additional damages under this Agreement.

13.5. Liquidated Damages and Limitations on Remedies. The following liquidated
damages and limitations on remedies apply under this Agreement, in addition to
those provided elsewhere in this Agreement as to claims and remedies against the
Band:

     13.5.1. Liquidated Damages Payable by Manager. In the event of a Manager
          Event of Default prior to the Commencement Date, after such notice and
          right to cure as may be provided in this Agreement, Manager shall pay
          liquidated damages as provided in Section 14.5(a) of the Development
          Agreement and shall not be liable for additional damages under this
          Agreement.

     13.5.2. Liquidated Damages Payable by the Band. In the event of a Band
          Event of Default prior to the Commencement Date, after such notice and
          right to cure as may be provided in this Agreement and except as
          provided in Section 13.14 as to Governmental Actions, the Band shall
          pay liquidated damages as provided in Section 14.5(b) of the
          Development Agreement and shall not be liable for additional damages
          under this Agreement.

13.6. Manager Continuing Obligations. Nothing in this Article shall affect or
impair Manager's and Lakes' continuing obligations under Sections 9.3
(non-competition) and 18.15 (confidentiality) of this Agreement, all of which
shall remain enforceable for the following terms, notwithstanding the
termination of the Agreements and payment of liquidated or other damages: (a) as
to Section 9.3, the greater of five years after execution of the Agreements or
one year after termination; and (b) as to Section 18.15, the greater of five
years after execution of the Agreements or two years after termination.

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13.7. Termination of Exclusivity. Section 9.1 (Exclusivity in Michigan) of this
Agreement shall terminate upon any termination of the Agreements,
notwithstanding any breach of the Agreements by the Band.

13.8. Remedies. In consideration of the agreement to liquidated damages to the
extent provided above, the Band, Lakes and Manager each waive the right to
actual, consequential, exemplary or punitive damages to the extent that
liquidated damages are applicable to a default, but shall retain the right to
injunctive relief (a) prior to termination of the Agreements, to enforce rights
and remedies thereunder, subject to the Limited Recourse provisions of this
Agreement as to the Band and the Band's limited waiver of sovereign immunity;
and (b) after termination, to the extent that provisions of this Agreement
specifically survive such termination, subject to such Limited Recourse
provisions and limited waiver. The injured party shall, where liquidated damages
are not applicable and damages or remedies are not otherwise specified, be
entitled to such damages as it may be entitled to under applicable law, subject
to such Limited Recourse provisions and limited waiver of the Band's sovereign
immunity (which shall apply to all claims against the Band under or relating to
the Agreements, in addition to all Loans).

13.9. Band Injunctive Relief. Manager, Lakes and Band acknowledge and agree that
termination of this Agreement and payment of damages may not be a sufficient or
appropriate remedy for breach by the Manager or Lakes, and further agree that
the Band shall, upon breach of this Agreement by the Manager or Lakes, have the
right to pursue such remedies (in addition to termination) at law or equity as
it determines are best able to compensate it for such breach, including
specifically actions to require payment of the Minimum Guaranteed Monthly
payment and the Monthly Distribution Payment, and on the Guaranty. The Manager
and Lakes each specifically acknowledge and agree that there will be irreparable
harm to the Band and that damages will be difficult to determine if a Manager
Event of Default occurs, and the Manager therefore further acknowledges that an
injunction and/or other equitable relief will be an appropriate remedy for any
such breach.

13.10. No Setoff Against Payments to Band. The Band's right to payment of the
Minimum Guaranteed Monthly Payments until termination shall be absolute and not
subject to setoff or recoupment by Manager or Lakes. The Band's right to payment
of the Monthly Distribution Payments until termination shall be absolute and not
subject to setoff or recoupment by Manager or Lakes, except as specifically
provided in this Agreement, the Development Agreement, or the Dominion
Agreement.

13.11. Indemnification on Termination. In the event of termination, (a) Manager
shall indemnify and hold the Band harmless against all loss, liability, damage
and expense from or arising out of any acts or omissions of Manager prior to
termination in violation of, or beyond the scope of its authority under, this
Agreement; and (b) the Band shall indemnify and hold Manager harmless against
all loss, liability, damage and expense

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from or arising out of any acts of Manager prior to termination pursuant to and
in accordance with the terms of this Agreement. This covenant shall survive any
termination.

13.12. Fees not Damages. In no event shall fees or other non-refundable payments
made by Manager or Lakes to Band, or Tribal Distributions, constitute damages to
Manager or Lakes or be repayable by the Band.

13.13. Undistributed Net Revenues. If on termination the Enterprise has accrued
Net Revenues which have not been distributed under Section 5 of this Agreement,
Manager shall receive that Management Fee equal to the Management Fee it would
have received for the period prior to termination had the distribution occurred
during the term of the Management Agreement, subject to the Band's right of
setoff and recoupment.

13.14. Damages for Governmental Action. If the Band takes a Governmental Action
or fails to take a Governmental Action, and such action or inaction is not
caused by a breach of Manager or Lakes' obligations under the Agreements or the
Guaranty and constitutes a breach of this Agreement by the Band or the
impairment of rights of Manager under this Agreement, the Band shall be liable
for any resulting actual and consequential damages incurred by Manager (subject
to the Limited Recourse provisions of this Agreement and the limited waiver of
the Band's sovereign immunity).

14.  CONSENTS AND APPROVALS

14.1. Band. Where approval or consent or other action of the Band is required,
such approval shall mean the written approval of the Pokagon Council evidenced
by a resolution thereof, certified by a Band official as having been duly
adopted, or such other person or entity designated by resolution of the Pokagon
Council. Any such approval, consent or action shall not be unreasonably withheld
or delayed; provided that the foregoing does not apply where a specific
provision of this Agreement allows the Band an absolute or unilateral right to
deny approval or consent or withhold action.

14.2. Manager. Where approval or consent or other action of Manager is required,
such approval shall mean the written approval of the Managing Officer. Any such
approval, consent or other action shall not be unreasonably withheld or delayed.

14.3. Business Board. Where approval or consent or other action of the Business
Board is required, any such approval, consent or other action shall not be
unreasonably delayed.

15.  DISCLOSURES

15.1. Shareholders and Directors. On the date of this Agreement Manager and
Lakes shall each provide a written certification to the Band providing a true
and correct certification of their respective Affiliates, directors, officers
and shareholders owning five

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percent (5%) or more of the stock or equity interests of each of them, (the
"Lakes Certification").

15.2. Warranties. Manager and Lakes further warrant and represent as follows:

     15.2.1. No officer, director or individual owner of five percent (5%) or
          more of the stock or equity interests of Manager or Lakes, or any
          Affiliate of Manager or Lakes, has been arrested, indicted for,
          convicted of, or pleaded nolo contendere to any felony or any gaming
          offense, or had any association with individuals or entities known to
          be connected with organized crime, except, as to Lyle Berman, an
          arrest prior to 1980 for a gaming offense that did not result in a
          conviction; and

     15.2.2. No person or entity listed on the Lakes Certification, including
          any officers and directors of Manager and Lakes, has been arrested,
          indicted for, convicted of, or pleaded nolo contendere to any felony
          or any gaming offense, or had any association with individuals or
          entities known to be connected with organized crime, except, as to
          Lyle Berman, an arrest prior to 1980 for a gaming offense that did not
          result in a conviction.

     15.2.3. Manager agrees that all of its and Lakes' directors and officers
          and any individual owners of five percent (5%) or more of the stock or
          equity interests of Manager or Lakes (whether or not involved in the
          Enterprise), shall:

          15.2.3.1. consent to background investigations to be conducted by the
          Band, the State, the Federal Bureau of Investigation (the "FBI") or
          any law enforcement authority to the extent required by the IGRA and
          the Compact;

          15.2.3.2. be subject to licensing requirements in accordance with Band
          law and this Agreement;

          15.2.3.3. consent to a background, criminal and credit investigation
          to be conducted by or for the NIGC, if required;

          15.2.3.4. consent to a financial and credit investigation to be
          conducted by a credit reporting or investigation agency at the request
          of the Band;

          15.2.3.5. cooperate fully with such investigations; and

          15.2.3.6. disclose any information requested by the Band which would
          facilitate the background and financial investigation.

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     Any materially false or deceptive disclosures or failure to cooperate fully
with such investigations by an employee of Manager or Lakes or an employee of
the Band shall result in the immediate dismissal of such employee. The results
of any such investigation may be disclosed by the Band to federal officials and
to such other regulatory authorities as required by law.

15.3. Disclosure Amendments. Manager and Lakes each agree that whenever there is
any material change in the information disclosed pursuant to this Article 15 it
shall notify the Band of such change not later than thirty (30) days following
the change or within ten days after it becomes aware of such change, whichever
is later. The Band shall, in turn, provide the Secretary of the Interior and/or
the NIGC (whichever is applicable) copies of any such notifications. All of the
warranties and agreements contained in this Article 15 shall apply to any person
or entity who would be listed in this Article 15 as a result of such changes.
Nothing in this Section or in this Agreement shall (a) limit Manager's
obligation to comply with NIGC regulations, including without limitation 25
C.F.R. Section 537.2, or (b) constitute an assumption by the Band of any
obligation to furnish information to the NIGC on Manager's behalf or otherwise
fulfill any obligation of Manager under such regulations.

15.4. Breach of Manager's Warranties and Agreements. The material breach of any
warranty or agreement of Manager or Lakes contained in this Article 15 shall be
grounds for immediate termination of this Agreement; provided that (a) if a
breach of the warranties contained in Sections 15.2.2 or 15.2.3 is discovered,
and such breach was not disclosed by any background check conducted by the FBI
as part of the BIA or other federal approval of this Agreement, or was
discovered by the FBI investigation but all officers and directors of Manager
and Lakes sign sworn affidavits that they had no knowledge of such breach, then
Manager and Lakes shall have thirty (30) days after notice from the Band to
terminate the interest of the offending person or entity and if such termination
takes place, this Agreement shall remain in full force and effect; and (b) if a
breach relates to a failure to update changes in ownership interests, financial
position or additional gaming related activities, then Manager and Lakes shall
have thirty (30) days after notice from the Band to cure such default prior to
termination.

16.  NO PRESENT LIEN, LEASE OR JOINT VENTURE

     The parties agree and expressly warrant that neither the Management
Agreement nor any exhibit thereto is a mortgage or lease and, consequently, does
not convey any present interest whatsoever in the Facility or the Gaming Site,
nor any proprietary interest in the Enterprise itself; except, with regard to
the Dominion Account, the security interest created by the Dominion Agreement
and, with regard to the Furnishings and Equipment, the security interest created
by the Lakes Security Agreement. The parties further agree and acknowledge that
it is not their intent, and that this Agreement shall not be construed,

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to create a joint venture between the Band and Manager; rather, Manager shall be
deemed to be an independent contractor for all purposes hereunder.

17.  CONCLUSION OF THE MANAGEMENT TERM

     Upon the conclusion or the termination of this Agreement, Manager shall
take reasonable steps for the orderly transition of management of the Enterprise
to the Band or its designee pursuant to a transition plan; such transition
period shall be for a reasonable period but not less than sixty days. Manager
shall cooperate fully with the Band in that regard. No later than four months
before the expiration of the Term of this Agreement, Manager shall submit to the
Business Board and the Band a transition plan which shall be sufficient to allow
the Band to operate the Enterprise and provide for the orderly transition of the
management of the Enterprise.

18.  MISCELLANEOUS

18.1. Situs of the Contracts. This Agreement, as well as all contracts entered
into between the Band and any person or any entity providing services to the
Enterprise, shall be deemed entered into in Michigan, and shall be subject to
all Legal Requirements of the Band and federal law as well as approval by the
Chairman of the NIGC where required by the IGRA.

18.2. Notice. Any notice required to be given pursuant to this Agreement shall
be delivered to the appropriate party by Certified Mail Return Receipt
Requested, or by overnight mail or courier service to the following addresses:

     If to the Band:           Pokagon Band of Potawatomi Indians
                               58620 Sink Road
                               Dowagiac, MI 49047
                               Attn: Chairman, Tribal Council

     With a copy to:           Michael Phelan, General Counsel
                               Pokagon Band of Potawatomi Indians
                               P.O. Box 180
                               Dowagiac, MI 49047

     And                       Daniel Amory, Esq.
                               Drummond Woodsum & MacMahon
                               P.O. Box 9781
                               Portland, ME 04104-5081

     If to Manager or Lakes:   Great Lakes Gaming of Michigan, LLC
                               Lakes Entertainment, Inc.

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<PAGE>

                               130 Cheshire Lane
                               Minnetonka, MN 55305
                               Attn: Timothy J. Cope

     With a copy to:           Damon Schramm
                               Lakes Entertainment, Inc.
                               130 Cheshire Lane
                               Minnetonka, MN 55305

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

     and to:                   Daniel R. Tenenbaum
                               Gray Plant Mooty
                               500 I.D.S. Center
                               Minneapolis, MN 55402-3796

or to such other different address(es) as Manager or the Band may specify in
writing. Any such notice shall be deemed given three days following deposit in
the United States mail, one day following delivery to a courier service or upon
actual delivery, whichever first occurs.

18.3. Relationship. Manager, Lakes and the Band shall not be construed as joint
venturers or partners of each other by reason of this Agreement and neither
shall have the power to bind or obligate the other except as set forth in this
Agreement.

18.4. Further Actions. The Band, Lakes and Manager agree to execute or cause to
be executed all contracts, agreements and documents and to take all actions
reasonably necessary to comply with the provisions of this Agreement and the
intent hereof.

18.5. Waivers. No failure or delay by Manager or the Band to insist upon the
strict performance of any covenant, agreement, term or condition of this
Agreement, or to exercise any right or remedy consequent upon, the breach
thereof, shall constitute a waiver of any such breach or any subsequent breach
of such covenant, agreement, term or condition. No covenant, agreement, term, or
condition of this Agreement and no breach thereof shall be waived, altered or
modified except by written instrument. No wavier of any breach shall affect or
alter this Agreement, but each and every covenant, agreement,

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<PAGE>

term and condition of this Agreement shall continue in full force and effect
with respect to any other then existing or subsequent breach thereof.

18.6. Captions. The captions for each section and subsection are intended for
convenience only.

18.7. Severabilitv. If any provision, or any portion of any provision, of this
Agreement is found to be invalid or unenforceable, such unenforceable provision,
or unenforceable portion of such provision, shall be deemed severed from the
remainder of this Agreement and shall not cause the invalidity or
unenforceability of the remainder of this Agreement. If any provision, or any
portion of any provision, of this Agreement is deemed invalid due to its scope
or breadth, such provision shall be deemed valid to the extent of the scope or
breadth permitted by law.

18.8. Advances. Except as provided in Section 5.6.2 with regard to Minimum
Guaranteed Payment Advances or as otherwise provided in the Agreements, any
amounts advanced by Manager or the Band related to the operation of the
Enterprise shall accrue interest at the Band Interest Rate and shall be treated
according to GAAP.

18.9. Third Party Beneficiary. This Agreement is exclusively for the benefit of
the parties hereto and it may not be enforced by any party other than the
parties to this Agreement and shall not give rise to liability to any third
party other than the authorized successors and assigns of the parties hereto as
such are authorized by this Agreement.

18.10. Survival of Covenants. Any covenant, term or provision of this Agreement
which, in order to be effective, must survive the termination of this Agreement,
shall survive any such termination.

18.11. Estoppel Certificate. Manager and the Band agree to furnish to the other
party, from time to time upon request, an estoppel certificate in such
reasonable form as the requesting party may request stating whether there have
been any defaults under this Agreement known to the party furnishing the
estoppel certificate and such other information relating to the Enterprise as
may be reasonably requested.

18.12. Periods of Time; Time of Essence. Whenever any determination is to be
made or action is to be taken on a date specified in this Agreement, if such
date shall fall on a Saturday, Sunday or legal holiday under the laws of the
Band or the State of Michigan, then in such event said date shall be extended to
the next day which is not a Saturday, Sunday or legal holiday. Time is of the
essence.

18.13. Exhibits. All exhibits attached hereto are incorporated herein by
reference and made a part hereof as if fully rewritten or reproduced herein.

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<PAGE>

18.14. Successors and Assigns. The benefits and obligations of this Agreement
shall inure to and be binding upon the parties hereto and their respective
permitted successors and assigns.

18.15. Confidential and Proprietary Information. The Band, Lakes and Manager
each agree that any information received concerning the other party during the
performance of this Agreement, regarding the parties' organization, financial
matters, marketing and development plans for the Enterprise, the Gaming Site, or
other information of a proprietary nature (the "Confidential Information") will
be treated by all parties in full confidence and except as required to allow
Manager, Lakes and the Band to perform their respective covenants and
obligations hereunder, or in response to legal process, and will not be revealed
to any other persons, firms or organizations. This provision shall survive the
termination of this Agreement as provided in Section 13.6. The obligations not
to use or disclose the Confidential Information shall not apply to Confidential
Information (a) which has been made previously available to the public by the
Band, Lakes or Manager or becomes generally available to the public, unless the
Confidential Information being made available to the public results in a breach
of this Agreement; (b) which prior to disclosure to the Band, Lakes or Manager
was already rightfully in any such persons' possession; (c) which is obtained by
the Band, Lakes or Manager from a third party who is lawfully in possession of
such Information, and not in violation of any contractual, legal or fiduciary
obligation to the Band, Lakes or Manager, with respect to such Confidential
Information and who does not require the Band, Lakes or Manager to refrain from
disclosing such Confidential Information to others; or (d) by the Band, if such
Confidential Information pertains to the Gaming Site or the Enterprise, in
connection with the Band's development, construction and operation of a gaming
facility after termination of the Agreements.

18.16. Patron Dispute Resolution. Manager shall submit all patron disputes
concerning play to the Gaming Regulatory Authority pursuant to the Band Gaming
Ordinance, and the regulations promulgated thereunder.

18.17. Modification. Any change to or modification of this Agreement must be in
writing signed by both parties hereto and shall be effective only upon approval
by the Chairman of the NIGC, the date of signature of the parties
notwithstanding.

18.18. Entire Agreement.

     18.18.1. This Agreement is the entire agreement between Manager and the
          Band relating to management of the Enterprise and supersedes all prior
          management agreements and understandings, whether written or oral,
          between or among the Band, Lakes and Manager;

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<PAGE>

     18.18.2. Collateral agreements between or among the Band, Lakes and Manager
          consist of the following documents, which are not part of this
          Management Agreement:

          (a)  Third Amended and Restated Development Agreement of near or even
               date;

          (b)  Third Amended and Restated Lakes Development Note of near or even
               date;

          (c)  Third Amended and Restated Transition Loan Note of near or even
               date;

          (d)  Third Amended and Restated Non-Gaming Land Acquisition Line of
               Credit Agreement of near or even date;

          (e)  Third Amended and Restated Account Control Agreement of near or
               even date;

          (f)  Third Amended and Restated Pledge and Security Agreement of near
               or even date;

          (g)  Second Amended and Restated Assignment and Assumption Agreement
               of near or even date;

          (h)  Second Amended and Restated Unlimited Guaranty of near or even
               date;

          (i)  First Amended and Restated Lakes Facility Note of near or even
               date;

          (j)  First Amended and Restated Lakes Working Capital Advance Note of
               near or even date;

          (k)  First Amended and Restated Lakes Minimum Payments Note of near or
               even date;

          (1)  First Amended and Restated Security Agreement of near or even
               date;

          (m)  Form of Dominion Account Agreement;

          (n)  Third Amended and Restated Indemnity Agreement from the Band to
               Great Lakes (as assignee of Lakes) of near or even date; and

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<PAGE>

          (o)  Reaffirmation of Guarantees and Mortgages dated as of December
               22, 2004 and January 25, 2006, together with the Band Designee
               Guarantees and the Band Designee Mortgages referenced therein.

     All such collateral agreements supersede all other prior collateral
agreements and understandings, written or oral between the parties. Lakes, Great
Lakes and the Band each affirmatively represents that no promises have been made
to that party which are not contained in this Agreement, the Development
Agreement or any other Transaction Documents, and stipulates that no evidence of
any promises not contained in this Agreement, the Development Agreement, or any
other Transaction Documents shall be admitted into evidence on their behalf.
This Agreement shall not be supplemented, amended or modified by any course of
dealing, course of performance or uses of trade and may only be amended or
modified by a written instrument duly executed by officers of all parties.

18.19. Savings Clauses.

     18.19.1. The Band, Lakes and Manager each agree to execute, deliver and, if
          necessary, record any and all additional instruments, certifications,
          amendments, modifications and other documents as may be required by
          the United States Department of the Interior, Bureau of Indian
          Affairs, the office of the field Solicitor, the NIGC, or any
          applicable statute, rule or regulation in order to effectuate,
          complete, perfect, continue or preserve the respective rights,
          obligations, liens and interests of the parties hereto to the fullest
          extent permitted by law; provided, that any such additional
          instrument, certification, amendment, modification or other document
          shall not materially change the respective rights, remedies or
          obligations of the Band, Lakes or Manager under this Agreement, the
          Guaranty, or any other agreement or document related hereto.

     18.19.2. Any other provision of this Agreement to the contrary
          notwithstanding: (i) in no event shall the rate of interest payable in
          connection with any indebtedness incurred by the Band pursuant hereto
          or in connection herewith (including, without limitation, indebtedness
          evidenced by the Lakes Development Note, the Lakes Facility Note, the
          Lakes Working Capital Advance Note, the Minimum Payments Note, the
          Transition Loan Note or the Non-Gaming Land Acquisition Line of
          Credit) exceed the maximum rate permitted by law (the "Legal Rate");
          (ii) if at any time the rate of interest on any such indebtedness
          computed as provided above (the "Computed Rate") exceeds the Legal
          Rate, then interest shall accrue thereafter on such indebtedness at
          the Legal Rate regardless of whether the Computed Rate is greater or
          less than the Legal Rate until

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<PAGE>

          the total amount of interest payable on such indebtedness equals the
          amount that would have been payable on such indebtedness without
          regard to this sentence, or until such indebtedness is paid in full,
          whichever occurs first; and (iii) if the holder receives any interest
          in excess of the maximum rate permitted by this sentence with respect
          to any such indebtedness, the excess shall be credited against the
          principal of such indebtedness or refunded, at the holder's option.

18.20. Preparation of Agreement. This Agreement was drafted and entered into
after careful review and upon the advice of competent counsel; it shall not be
construed more strongly for or against either party.

18.21. Consents. Except where expressly indicated that an agreement or consent
is in the sole or unilateral discretion of a party, no agreement or consent
under this Agreement shall be unreasonably withheld or delayed.

18.22. Execution. This Agreement may be executed in four counterparts, two to be
retained by each party. Each of the four originals is equally valid. This
Agreement shall be binding upon both parties when properly executed and approved
by the Chairman of the NIGC (the "Effective Date").

18.23. Limited Joinder.

     18.23.1. Lakes Entertainment, Inc. and Lakes Gaming and Resorts, LLC each
          join in this Agreement for the limited purpose of agreeing to be bound
          by the provisions of this Agreement specifically applicable to them,
          as well as the provisions of Articles 13 and 18 (as they pertain to
          such provisions of continuing applicability to them). In addition,
          Lakes Entertainment, Inc. shall have the benefit of any rights and
          remedies it had prior to the execution of the Assignment and
          Assumption Agreement as of October 16, 2000 under the following
          sections of this Agreement: 9.2, 10.2, 11.3, 12.5, 13.8 (as to
          remedies for claims for breach of its retained rights under this
          subsection), 13.11 (b) (limited to claims relating to the period
          before such date of the Assignment and Assumption Agreement),
          18.2,18.3, 18.5, 18.7, 18.9, 18.10, 18.12, 18.14, 18.15, 18.17, 18.18,
          18.19, 18.20, 18.21 and 18.22.

     18.23.2. Sections 10(a) and 10(d) of the Assignment and Assumption
          Agreement are superseded by this Agreement and the Development
          Agreement and are no longer in effect.

             [The balance of this page is intentionally left blank.
                          The signature page follows.]

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<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the
day and year first above written.

The Pokagon Band of Potawatomi          Great Lakes Gaming of Michigan LLC
Indians

By: /s/ John Miller                     By: /s/ Timothy Cope
    ---------------------------------       ------------------------------------
Its: Council Chairman                   Its: PRESIDENT and CFO

By: /s/ Daniel F. Rapp                  Lakes Entertainment, Inc.,
    ---------------------------------   f/k/a Lakes Its Gaming, Inc.
Its: Secretary

                                        By: /s/ Timothy Cope
                                            ------------------------------------
                                        Its: PRESIDENT/CFO

                                        Lakes Gaming and Resorts, LLC

                                        By: /s/ Timothy Cope
                                            ------------------------------------
                                        Its: PRESIDENT/CFO

Approved pursuant to 25 U.S.C. Section 2711

NATIONAL INDIAN GAMING COMMISSION

By
   ----------------------------------
Print Name:
            -------------------------
Its: Chairperson

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<PAGE>

                                    EXHIBIT A
                                   GAMING SITE

THAT PART OF SECTION 14, THE SOUTHEAST QUARTER OF SECTION 11, THE WEST HALF OF
SECTION 13 AND THE SOUTHEAST QUARTER OF SECTION 15, TOWNSHIP 8 SOUTH, RANGE 21
WEST, NEW BUFFALO TOWNSHIP, BERRIEN COUNTY, MICHIGAN, DESCRIBED AS: BEGINNING AT
THE SOUTH QUARTER CORNER OF SAID SECTION 14; THENCE WEST ON THE SOUTH LINE OF
SAID SECTION 14 A DISTANCE OF 1997.12 FEET; THENCE NORTH 00 degrees 01' 30" EAST
ON THE EAST LINE EXTENDED OF "ASSESSOR'S PLAT OF PLUTA ACRES", BEING A
SUBDIVISION IN THE SOUTHWEST QUARTER OF SAID SECTION 14 A DISTANCE OF 40.00 FEET
TO THE SOUTHEAST CORNER OF SAID SUBDIVISION; THENCE WEST (PLATTED NORTH 89
DEGREES 54' 20" WEST) ON THE SOUTH LINE OF SAID SUBDIVISION AND PARALLEL WITH
SAID SOUTH SECTION LINE 632.62 FEET (PLATTED 632.51 FEET) TO THE SOUTHWEST
CORNER OF SAID SUBDIVISION; THENCE NORTH 00 DEGREES 04' 15" WEST (PLATTED NORTH
00 degrees 01' 40" EAST) ON THE WEST LINE OF SAID SUBDIVISION AND PARALLEL WITH
THE LINE COMMON TO SAID SECTIONS 14 AND 15 A DISTANCE OF 620.00 FEET TO THE
NORTHWEST CORNER OF SAID SUBDIVISION; THENCE WEST ON THE NORTH LINE EXTENDED OF
SAID SUBDIVISION 33.00 FEET TO THE LINE COMMON TO SAID SECTIONS 14 AND 15;
THENCE SOUTH 00 DEGREES 04' 15" EAST ON SAID COMMON SECTION LINE 59.49 FEET;
THENCE NORTH 89 degrees 46' 01" WEST PARALLEL WITH THE SOUTH LINE OF THE
NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 15 A DISTANCE OF
488.78 FEET TO THE EASTERLY RIGHT OF WAY LINE OF INTERSTATE 94 RAMP "D"; THENCE
NORTHWESTERLY 65.22 FEET ON A 2789.79 FOOT RADIUS CURVE TO THE RIGHT WHOSE CHORD
BEARS NORTH 24 degrees 09' 32" WEST 65.22 FEET; THENCE NORTH 23 DEGREES 29' 22"
WEST 222.46 FEET; THENCE NORTHERLY 152.93 FEET ON A 155.00 FOOT RADIUS CURVE TO
THE RIGHT WHOSE CHORD BEARS NORTH 04 DEGREES 46' 33" EAST 146.80 FEET; THENCE
NORTH 33 DEGREES 02' 28" EAST 201.91 FEET; THENCE NORTHERLY 423.07 FEET ON A
505.00 FOOT RADIUS CURVE TO THE LEFT WHOSE CHORD BEARS NORTH 09 degrees 02' 28"
EAST 410.81 FEET; THENCE NORTH 14 DEGREES 57' 32" WEST 180.69 FEET; THENCE
NORTHEASTERLY 466.00 FEET ON A 445.00 FOOT RADIUS CURVE TO THE RIGHT WHOSE CHORD
BEARS NORTH 15 DEGREES 02' 28" EAST 445.00 FEET; THENCE NORTH 45 degrees 02' 28"
EAST 201.89 FEET ALL ON SAID EASTERLY RIGHT OF WAY LINE OF INTERSTATE 94 RAMP
"D"; THENCE NORTH 42 DEGREES 09' 28" EAST ON THE EASTERLY RIGHT OF WAY LINE OF
INTERSTATE 94 A DISTANCE OF 426.11 FEET TO THE EAST AND WEST QUARTER LINE OF
SAID SECTION 14; THENCE NORTH 89 DEGREES 47' 21" EAST ON SAID EAST AND WEST
QUARTER LINE AND ON SAID EASTERLY RIGHT OF WAY LINE 131.67 FEET; THENCE
NORTHEASTERLY 1721.44 FEET ON A

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<PAGE>

11662.20 FOOT RADIUS CURVE TO THE LEFT WHOSE CHORD BEARS NORTH 42 degrees 45'
47" EAST 1719.87 FEET; THENCE NORTH 40 degrees 12' 25" EAST 529.13 FEET; THENCE
SOUTH 84 degrees 48' 44" EAST 258.15 FEET; THENCE NORTH 34 DEGREES 34' 39" EAST
302.96 FEET; THENCE NORTH 85 DEGREES 51' 09" EAST 172.54 FEET; THENCE NORTH 32
DEGREES 07' 05" EAST 883.38 FEET ALL ON SAID EASTERLY RIGHT OF WAY LINE OF
INTERSTATE 94 TO THE LINE COMMON TO SECTIONS 11 AND 14; THENCE NORTH 89 degrees
39' 40" EAST ON SAID COMMON SECTION LINE 1200.02 FEET TO THE WEST LINE OF THE
EAST HALF OF THE SOUTHEAST QUARTER OF SAID SECTION 11; THENCE NORTH 00 degrees
16' 16" EAST ON SAID WEST LINE 870.83 FEET TO THE CENTERLINE OF MAUDLIN ROAD;
THENCE SOUTH 59 DEGREES 44' 03" EAST ON SAID CENTERLINE 250.96 FEET; THENCE
SOUTH 00 DEGREES 16' 16" WEST PARALLEL WITH SAID WEST LINE 743.06 FEET TO THE
LINE COMMON TO SAID SECTIONS 11 AND 14; THENCE NORTH 89 degrees 39' 40" EAST ON
SAID COMMON SECTION LINE 1105.81 FEET TO THE CORNER COMMON TO SECTIONS 11, 12,
13 AND 14; THENCE SOUTH 89 degrees 58' 52" EAST ON THE NORTH LINE OF SAID
SECTION 13 A DISTANCE OF 1321.09 FEET TO THE EAST LINE OF THE WEST HALF OF THE
NORTHWEST QUARTER OF SAID SECTION 13; THENCE SOUTH 00 degrees 01' 03" EAST ON
SAID EAST LINE 2640.34 FEET TO THE EAST AND WEST QUARTER LINE OF SAID SECTION
13; THENCE SOUTH 00 degrees 05' 34" EAST ON THE EAST LINE OF THE WEST HALF OF
THE SOUTHWEST QUARTER OF SAID SECTION 13 A DISTANCE OF 2649.26 FEET TO THE SOUTH
LINE OF SAID SECTION 13; THENCE SOUTH 89 degrees 33' 42" WEST ON SAID SOUTH
SECTION LINE 1309.49 FEET TO THE CORNER COMMON TO SECTIONS 13, 14, 23 AND 24;
THENCE NORTH 00 degrees 11' 33" WEST ON THE LINE COMMON TO SAID SECTIONS 13 AND
14 A DISTANCE OF 2650.01 FEET TO THE QUARTER CORNER COMMON TO SAID SECTIONS 13
AND 14; THENCE SOUTH 89 degrees 47' 52" WEST ON THE EAST AND WEST QUARTER LINE
OF SAID SECTION 14 A DISTANCE OF 664.34 FEET TO THE WEST LINE OF THE EAST HALF
OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SAID SECTION 14; THENCE SOUTH 00
degrees 07' 52" EAST ON SAID WEST LINE 1637.07 FEET TO THE SOUTH LINE OF THE
NORTH 25 ACRES OF THE WEST HALF OF THE EAST HALF OF THE SOUTHEAST QUARTER OF
SAID SECTION 14; THENCE SOUTH 89 degrees 47' 52" WEST ON SAID SOUTH LINE 666.09
FEET TO THE EAST LINE OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SAID SECTION
14; THENCE SOUTH 00 DEGREES 04' 12" EAST ON SAID EAST LINE 1017.75 FEET TO THE
SOUTH LINE OF SAID SECTION 14; THENCE SOUTH 89 degrees 35' 30" WEST ON SAID
SOUTH SECTION LINE 667.18 FEET TO THE WEST LINE OF THE EAST HALF OF THE WEST
HALF OF THE SOUTHEAST QUARTER OF SAID SECTION 14; THENCE NORTH 00 degrees 00'
32" WEST ON SAID WEST LINE 885.75 FEET TO THE SOUTH LINE OF THE NORTH TWO THIRDS
OF THE EAST HALF OF THE WEST HALF OF THE WEST HALF OF THE SOUTHEAST QUARTER OF
SAID SECTION 14; THENCE SOUTH 89 DEGREES 39' 35" WEST ON SAID SOUTH LINE 333.12
FEET TO THE WEST LINE OF THE EAST HALF OF THE

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<PAGE>

WEST HALF OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SAID SECTION 14; THENCE
SOUTH 00 degrees 01' 18" WEST ON SAID WEST LINE 886.15 FEET TO THE SOUTH LINE OF
SAID SECTION 14; THENCE SOUTH 89 degrees 35' 30" WEST ON SAID SOUTH SECTION LINE
333.59 FEET TO THE POINT OF BEGINNING. CONTAINING 673.18 ACRES MORE OR LESS.

SUBJECT TO THE RIGHTS OF THE PUBLIC AND OF ANY GOVERNMENTAL UNIT IN ANY PART
THEREOF TAKEN, USED, OR DEEDED FOR STREET, ROAD, OR HIGHWAY PURPOSES.

THIS SURVEY WAS PERFORMED WITH AN ERROR OF CLOSURE NO GREATER THAN 1 IN 15000.

THIS SURVEY COMPLIES WITH THE REQUIREMENTS OF SECTION 3, P.A. 132 OF 1970, AS
AMENDED, EXCEPT FOR PAPER SIZE.

ASSUMED THE LINE BETWEEN THE SOUTH QUARTER CORNER AND THE SOUTHEAST CORNER OF
SAID SECTION 14 TO BEAR WEST.

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<PAGE>

                                    EXHIBIT B
                             PENDING BAND LITIGATION

Taxpayers of Michigan Against Casinos et al. v. State of Michigan. The Michigan
Supreme Court ruled against plaintiff TOMAC's challenges to the validity of the
Compact. 471 Mich. 306, 685 N.W.2d 221 (2004), and the U.S. Supreme Court
subsequently denied farther review.

TOMAC v. Norton et al., U.S.D.C.D.C, Case No. l:01CV00398-JR. The plaintiff in
this action, filed in the U.S. District Court for the District of Columbia,
challenged the decision of the Department of Interior to take the Gaming Site
into trust. The federal district court entered judgment on all counts against
the plaintiff in March, 2005. The plaintiff appealed to the U.S. Court of
Appeals for the D.C. Circuit, and on January 6, 2006, a three member panel of
that Court rejected the plaintiff's appeal. The plaintiff could seek rehearing
before the full U.S. Court of Appeals and/or seek review in the U.S. Supreme
Court, but it is not likely to achieve any farther review of the issues.

Pokagon Properties. LLC v Leonard A. Kolberg. Jr., Case No. 02-49-765-CK-B,
Circuit Court for the County of Van Buren. Claim for non-payment of rent from
crop lease. Amount of claim: approximately $36,000.00. Defendant has filed a
counterclaim seeking damages in the amount of $118,000.00. The parties have
entered into a settlement agreement which includes the Band receiving $9,000 and
a dismissal of all claims.

Pokagon Properties. LLC v Dean Anderson, Case No. 71C010205CC00602, Circuit
Court for the County of St. Joseph. Claim for non-payment of rent from crop
lease. Amount of claim: approximately $52,000.00. Defendant has filed a
counterclaim in the approximate amount of $63,000.00.

                                       75

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