Document:

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                                                                    EXHIBIT 10.6

                 MANAGEMENT CONTRACT AND CONTRIBUTION AGREEMENT

         This MANAGEMENT CONTRACT AND CONTRIBUTION AGREEMENT ("AGREEMENT") is
entered into as of the 4th day of March, 2002, by and between WORLD POKER TOUR,
LLC, a Delaware limited liability company (the "COMPANY"), and STEVEN LIPSCOMB,
an individual resident of the State of California ("LIPSCOMB").

                                    RECITALS

         A.       Lipscomb intends to enter into a joint venture with Lakes
Poker Tour, LLC, a Minnesota limited liability company and a wholly-owned
subsidiary of Lakes Gaming, Inc., pursuant to the terms of the Company's
proposed Limited Liability Company Agreement.

         B.       Lipscomb desires to provide certain services to the Company in
exchange for 15,000 units of membership interest in the Company and certain
management fees.

         C.       Lipscomb and the Company desire to set forth their agreement
regarding Lipscomb's contribution of services to the Company, which shall be
deemed in part a capital contribution and in part services provided in exchange
for a management fee.

                                    AGREEMENT

         For good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto agree as follows:

         1. SERVICES. Lipscomb agrees to act as Chief Executive Officer (also
known as Chief Manager) of the Company during the term of this Agreement.
Subject to any future organizational changes that may be made in the discretion
of the Board of Governors, all employees of the Company shall report to the
Chief Executive Officer. Lipscomb shall devote full business time and best
efforts to the performance of his duties as an executive manager for the Company
and will be in charge of all day to day operating decisions of the Company.

         2. MANAGEMENT FEE. The Company shall pay to Lipscomb a management fee
in the amount of Two Hundred Thousand and no/100 Dollars ($200,000.00) per
annum, payable in equal monthly payments of Sixteen Thousand Six Hundred
Sixty-Six and 66/100 Dollars ($16,666.66) (the "MANAGEMENT FEE"). The parties
agree that the Management Fee shall be deemed a guaranteed payment to a partner
pursuant to regulations promulgated under the Internal Revenue Code of 1986, as
amended. The parties agree that Lipscomb shall be paid the Management Fee from
and after February 25, 2002 notwithstanding that this agreement is dated as of
March 4, 2002.
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         3. BONUSES. In addition to the Management Fee, Lipscomb shall be
entitled to a bonus in the event the Company achieves revenues at least equal to
the threshold set forth below on or before the annual Season End (as defined
below) as follows:

SEASON ONE

<TABLE>
<CAPTION>
REVENUES                                                 BONUS
--------------                                          -------
<S>                                                     <C>
(A) $2,112,000                                          $25,000
(B) $3,568,000                                          $50,000
</TABLE>

SEASON TWO

<TABLE>
<CAPTION>
REVENUES                                                 BONUS
----------                                              -------
<S>                                                     <C>
$5,028,000                                              $50,000
</TABLE>

Bonus (B) above is an alternative to, and not in addition to, Bonus A. Season
One revenues shall be measured from the Season Beginning (as defined below) of
the Company's first annual season through the first Season End. Season Two
revenues shall be measured from the Season Beginning of the Company's second
annual season through the second Season End. As used herein, "SEASON BEGINNING"
shall mean the date the first dollars are billed from the first broadcast of the
first poker tournament of the season. "SEASON END" shall mean the date the last
dollars are billed and collected from the second broadcast of the last poker
tournament of the season. Such bonus shall be paid by the Company to Lipscomb
promptly upon achievement of the revenue threshold and collection of the
revenues with respect thereto.

         In addition to the bonuses set forth above, the Company's Compensation
Committee may, in its sole discretion, distribute to Lipscomb additional
bonus(es) pursuant to the terms of the Company's Limited Liability Company
Agreement attached hereto as EXHIBIT A (the "LLC AGREEMENT").

         4. BENEFITS. Lipscomb shall be entitled to receive or participate in
any additional "fringe" benefits generally provided to the Company's managers,
including but not limited to insurance programs and any pension and
profit-sharing plans (the "BENEFITS"). In the event Lipscomb is ineligible to
participate in the Company's health insurance program, the Company will
reimburse Lipscomb up to the amount it would have paid on Lipscomb's behalf had
he been eligible to participate in such health insurance program. It is
acknowledged that the Company shall have the right, in its sole discretion, to
terminate any such plans or benefits or modify their nature and extent from time
to time. The Company shall reimburse Lipscomb for all reasonable budgeted
business expenses.

         5. UNITS OF MEMBERSHIP INTEREST.

                  A. UNIT GRANT. Upon Lipscomb's execution and delivery of the
         LLC Agreement, the Company shall record in its required records under
         Delaware law that Lipscomb is entitled to Fifteen Thousand (15,000)
         Units of membership interest in the Company ("LIPSCOMB'S UNITS"),
         subject to the vesting and forfeiture provisions set forth below and
         the terms of the LLC Agreement. Three

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         Thousand Seven Hundred Fifty (3,750) of Lipscomb's Units shall vest on
         each of February 25, 2003, February 25, 2004 and February 25, 2005;
         provided, however, that in the event (i) this Agreement is terminated
         without Cause (as defined in Section 6 hereof), (ii) this Agreement is
         not renewed pursuant to Section 8 hereof on terms at least as favorable
         to Lipscomb as the terms of this Agreement, or (iii) there is a Change
         of Control (as defined below), then all non-vested Lipscomb's Units
         shall vest immediately. This Agreement shall constitute a contribution
         agreement as defined in the LLC Agreement and the Delaware Limited
         Liability Company Act. "Change of Control" shall mean (i) any "Person"
         or "Persons" (as such term is used in Section 13(d) and 14(d) of the
         Securities Exchange Act of 1934 (the "Act")) (other than the Company,
         any present owner, any employee benefit plan of the Company, any
         employee stock ownership plan or similar plan, or Lyle Berman, any of
         his Family members, or any trust or entity controlled by or having as a
         beneficiary, Lyle Berman or any of his Family members) becomes a
         beneficial owner of membership interests of the Company representing
         50% or more of the voting power of all of the Company's then
         outstanding membership interests; or a transaction is consummated
         pursuant to which the sale of all, or substantially all, of the assets
         of the Company or the liquidation or dissolution of the Company is
         effected; (ii) any "Person" or "Persons" (other than Lyle Berman, any
         of his Family members, or any trust or entity controlled by or having
         as a beneficiary, Lyle Berman or any of his Family members) becomes a
         beneficial owner of units or membership interests of Lakes Poker Tour,
         LLC representing 50% or more of the voting power of all of Lakes Poker
         Tour, LLC then outstanding units or membership interests; or the
         members of Lakes Poker Tour, LLC approve the sale of all, or
         substantially all, of the assets of Lakes Poker Tour, LLC or the
         liquidation or dissolution of Lakes Poker Tour, LLC and such
         transaction is consummated; or (iii) the merger, consolidation or
         reorganization of the Company or Lakes Poker Tour, LLC with any other
         entity other than an entity in which Lyle Berman, any of his Family
         members, or any trust or entity controlled by or having as a
         beneficiary, Lyle Berman or any of his Family members. For purposes of
         this Section, beneficial ownership by a person or group of persons
         shall be determined in accordance with Regulation 13D (or similar
         successor regulation) promulgated by the Securities and Exchange
         Commission pursuant to the 1934 Act. "Family" means an individual, his
         or her spouse, his or her Direct Lineal Descendants and his or her
         direct ancestors. For purposes of this Agreement "direct ancestors"
         means parents, grandparents, great grandparents and so on, by natural
         birth or legal adoption including any illegitimate child (if
         acknowledged by the child's parent). "Direct Lineal Descendants" means
         children, grandchildren, great grandchildren and so on, by natural
         birth or legal adoption including any illegitimate child (if
         acknowledged by the child's parent) and any of the direct lineal
         descendants of any of the foregoing.

                  B. FORFEITURE. All non-vested Lipscomb's Units shall be
         immediately forfeited (i) in the event that this Agreement is
         terminated for Cause; or (ii) had such non-vested Lipscomb's Units been
         vested, such Units would have been

<PAGE>

         subject to sale pursuant to Section 5.5 of the LLC Agreement. All
         vested Lipscomb's Units that have vested due to the termination of this
         Agreement without Cause or non-renewal of this Agreement shall also be
         subject to sale pursuant to Section 7 hereof or Section 5.5 of the LLC
         Agreement.

                  C. PROFITS INTEREST. Lipscomb agrees that Lipscomb's Units
         shall represent a profits interest in the Company and that he will not
         share pro rata in the proceeds of any dissolution of the Company until
         Lakes Poker Tour, LLC has recovered the amount of its original capital
         contribution to the Company. Lipscomb specifically agrees to the terms
         of Section 16.2 of the LLC Agreement.

         6. TERMINATION. Unless earlier terminated as provided below, this
Agreement shall terminate on February 25, 2004 (the "SECOND ANNIVERSARY"). The
Company shall have the right to terminate this Agreement at any time with or
without Cause (as defined below) upon written notice to Lipscomb. If the Company
terminates this Agreement without Cause, however, it shall be obligated to pay
to Lipscomb any unpaid portion of the Management Fee, payable in equal monthly
installments as set forth above (without any duty to mitigate), and to provide
the Benefits to Lipscomb until the Second Anniversary. As used herein, "Cause"
shall mean (i) gross negligence of Lipscomb, (ii) willful and continued failure
by Lipscomb to substantially perform his duties as reasonably assigned, (iii)
indictment of Lipscomb for a criminal offense relating to theft or embezzlement
from the Company, which charges are not dismissed, or of which Lipscomb is not
acquitted, within one (1) year; or (iv) indictment of Lipscomb for any felony
offense, which charges are not dismissed, or of which Lipscomb is not acquitted,
within six (6) months. In the event Lipscomb is indicted with a criminal offense
as set forth in clause (iii) or (iv) above, the Company shall have the right to
suspend Lipscomb (without pay, benefits and vesting) from active participation
in the management of the Company pending resolution of such charges.

         7. NON-SOLICITATION / TRADE SECRETS.

         A.       DEFINITIONS. As hereinafter used in this Agreement, the
following terms shall have the following meanings:

                  (i)      The term "BUSINESS" shall mean any business which is
         involved in any respect with the televising of or internet broadcasting
         of the game of poker.

                  (ii)     The term "CONFIDENTIAL INFORMATION" means information
         developed by Lipscomb as a result of his consulting, work or services
         with, for, on behalf of or in conjunction with the Company, including
         processes and products, know-how, formulas, product ideas, inventions,
         trade secrets, patents, patent applications, systems, products,
         programs and techniques and any secret, proprietary or confidential
         information, knowledge or data of the Company. All information
         disclosed to Lipscomb, or to which Lipscomb obtains access, whether
         originated by Lipscomb or others, which is treated by the Company as
         Confidential Information, or which Lipscomb has reasonable basis to
         believe is

<PAGE>

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

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

                  (iv)     "RESTRICTED PERIOD" means the period commencing on
         the date hereof and ending on the earliest to occur of (A) one year
         after Lipscomb separates from the Company for any reason, (B) three
         months after the Early Termination Date (as defined in the Loan
         Agreement), or (C) the time the Company ceases to continue to conduct
         the Business; provided that, if Lipscomb violates the covenants
         contained in this Section 7, the Restricted Period shall be extended
         for an added period equal to the duration of the period of such
         violation.

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

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

                  (i)      to promptly and fully inform the Company in writing
         of such Inventions;

                  (ii)     to assign to the Company all of his rights to such
         Inventions, and to applications for patents and/or copyright
         registrations and to patents and/or copyright registrations granted
         upon such Inventions in the United States or in any foreign country;
         and

                  (iii)    to acknowledge and promptly deliver to the Company
         (without charge to the Company but at the expense of the Company) such
         written instruments and do such other acts as may be necessary, in the
         opinion of the

<PAGE>

         Company, to obtain and maintain patents and/or copyright registrations
         and to vest the entire right and title thereto in the Company.

In the event the Company reasonably believes Lipscomb is in violation of this
Section 7B, the Company shall give Lipscomb fifteen (15) days prior written
notice of such violation and if Lipscomb has not demonstrated to the Company's
satisfaction that it has cured such violation within such fifteen (15) day
period, the Company may treat such violation as a breach of this Agreement.

         C.       NON-SOLICITATION. During the Restricted Period, Lipscomb will
not, without the Company's prior written consent (which may be withheld with or
without reason), directly or indirectly for himself or on behalf of any other
person or entity (except the Company): (i) recruit, solicit or hire as employee,
consultant, independent contractor or in any other capacity whatsoever; (ii)
enter into any other business relationship (including, without limitation, as
partners, joint venturers, guarantors, business associates, investors,
financiers, owners of a corporation or other business organization, entity or
enterprise) with; or (iii) request, induce, advise or encourage a termination of
employment by, any employee of the Business during the term hereof. In the event
the Company reasonably believes Lipscomb is in violation of this Section 7C, the
Company shall give Lipscomb fifteen (15) days prior written notice of such
violation and if Lipscomb has not demonstrated to the Company's satisfaction
that it has cured such violation within such fifteen (15) day period, the
Company may treat such violation as a breach of this Agreement.

         D.       CONFIDENTIAL INFORMATION. Except as required by Lipscomb's
employment by the Company, Lipscomb will hold any Confidential Information in
the strictest of confidence and never use, disclose or publish any Confidential
Information without the prior written express permission of the Company.
Lipscomb agrees to maintain control over any Confidential Information obtained
and restrict access thereto to those of Lipscomb's fellow employees, agents or
other associated parties who have a need to use such Confidential Information
for the intended purpose. Lipscomb agrees to advise and inform any party to whom
Lipscomb has provided access to the Confidential Information of its confidential
nature and Lipscomb agrees to ensure that such associated parties be bound by
the terms and obligations of a confidentiality agreement in form and substance
approved by the Company, if requested to do so by the Company's Board of
Governors.

         E.       TRADE SECRETS. Lipscomb shall not directly or indirectly use
or disclose any Trade Secrets to or for the benefit of anyone other than the
Company.

         F.       REMEDIES. Because the breach or anticipated breach of the
restrictive covenants set forth in this Section 7 would result in immediate and
irreparable harm and injury to the Company, for which it will not have an
adequate remedy at law, the Company will be entitled to relief in equity to
enjoin temporarily and/or permanently such breach or anticipated breach and to
seek any and all other legal and equitable remedies to which the Company may be
entitled. If the Company is made or shall

<PAGE>

become a party to any litigation, commenced by or against Lipscomb involving the
enforcement of this Agreement, then the nonprevailing party in such litigation
shall pay and be solely responsible for any and all costs incurred by the
prevailing party in connection with such litigation, including the costs, fees,
and reasonable expenses of any and all attorney's fees. In addition to the
foregoing, in the event it is finally determined by a court of competent
jurisdiction that Lipscomb breaches Section 7C hereof, all vested Lipscomb's
Units shall be immediately forfeited.

         8. EXTENSION OF TERM. At least six (6) months prior to the Second
Anniversary, the parties hereto shall engage in commercially reasonable best
efforts to negotiate an extension of this Agreement for an additional two-year
period.

         9. SURVIVAL. Sections 5, 6, and 7 hereof shall survive the termination
of this Agreement.

         10. GOVERNING LAW. This Agreement shall be governed by the laws of the
State of Minnesota, without regard to the conflict of laws provisions thereof,
except that the Delaware Limited Liability Company Act shall govern this
Agreement where applicable. Any and all actions or proceedings seeking to
enforce any provision of, or based upon any right arising out of, this Agreement
may only be brought against a party in the district courts of the State of
Minnesota (sitting at Minneapolis, Minnesota) or in the United States District
Court sitting in Minneapolis, Minnesota, and each of the parties consents to the
exclusive jurisdiction of such courts (and the appropriate appellate courts) in
any such action or proceeding and waives any objection to venue therein.

         11. COUNTERPART FAXES. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which, taken
together, shall constitute one document. Faxed signatures shall be deemed
originals.

         IN WITNESS WHEREOF, the undersigned have set their hands hereto as of
the date first set forth above.

COMPANY:                                         LIPSCOMB:

WORLD POKER TOUR, LLC

By: /s/ Timothy Cope                             /s/ Steven Lipscomb
    ----------------                             ---------------------------
    Its: Chief Financial Manager                 Steven Lipscomb<PAGE>
                                                                    EXHIBIT 10.7

                                  AMENDMENT TO
                 MANAGEMENT CONTRACT AND CONTRIBUTION AGREEMENT

         This AMENDMENT TO MANAGEMENT CONTRACT AND CONTRIBUTION AGREEMENT
("AMENDMENT") is entered into as of the 14th day of April, 2004, by and between
WORLD POKER TOUR, LLC, a Delaware limited liability company (the "COMPANY"), and
STEVEN LIPSCOMB, an individual resident of the State of California ("LIPSCOMB"),
to be effective as of December 29, 2003.

                                    RECITALS

         A.       The Company entered into a Management and Contribution
Agreement (the "AGREEMENT") with Lipscomb dated March 4, 2003 pursuant to which
Lipscomb agreed to serve as Chief Executive Officer (also known as Chief
Manager) of the Company from the date of the Agreement until February 25, 2004.

         B.       The Company and Lipscomb desire to amend certain provisions of
the Agreement in order to clarify certain provisions relating to the vesting of
forfeiture restrictions on the units of membership interests in the Company that
were granted to Lipscomb under the Agreement.

                                    AGREEMENT

         For good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto agree to amend certain provisions of the
Agreement as follows:

         1. CLARIFICATION RELATING TO THE VESTING OF FORFEITURE RESTRICTIONS.
The second sentence of Section 5(A) of the Agreement shall be amended in its
entirety to read as follows:

         "Three Thousand Seven Hundred Fifty (3,750) of Lipscomb's Units shall
         vest on each of February 25, 2003, February 25, 2004, February 25, 2005
         and February 25, 2006; provided, however, that in the event (i) this
         Agreement is terminated without Cause (as defined in Section 6 hereof),
         (ii) this Agreement is not renewed pursuant to Section 8 hereof on
         terms at least as favorable to Lipscomb as the terms of this Agreement,
         or (iii) there is a Change of Control (as defined below), then all
         non-vested Lipscomb's Units shall vest immediately."

         2. RESTATEMENT OF AGREEMENT TERMS. Except as specifically set forth
herein, this Amendment shall have no effect on the terms and conditions set
forth in the Agreement, which terms and conditions shall continue to be of full
force and effect.

<PAGE>

         3. DEFINED TERMS. Capitalized terms not otherwise defined herein shall
have the meanings ascribed to such terms in the Agreement.

         4. COUNTERPART FAXES. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which, taken
together, shall constitute one document. Faxed signatures shall be deemed
originals.

         IN WITNESS WHEREOF, the undersigned have set their hands hereto as of
the date first set forth above.

COMPANY:

WORLD POKER TOUR, LLC                              LIPSCOMB:

By: /s/ Timothy Cope                               /s/ Steven Lipscomb
    -------------------------------                -----------------------------
Name: Timothy Cope                                 Steven Lipscomb
Title: Chief Financial Manager

Lakes Poker Tour, LLC ("LAKES") hereby consents to the clarification set forth
in Section 2 of this Amendment and acknowledges that such clarification shall be
incorporated into the Limited Liability Company Agreement dated March 4, 2002 by
and among Lipscomb, Lakes and the Company for purposes of Section 5.2.5 thereof.

LAKES POKER TOUR, LLC

By: /s/ Timothy Cope
    -------------------------------
Name: Timothy Cope
Title: Chief Financial Manager

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