Document:

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                                                                   Exhibit 10.69

                                                               EXECUTION VERSION

                           SECOND 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 DECEMBER 22, 2004

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                                TABLE OF CONTENTS

<TABLE>
<S>             <C>                                                           <C>
1. RECITALS ...............................................................    1
2. DEFINITIONS ............................................................    3
                Agreement .................................................    3
                Agreements ................................................    3
                Affiliate .................................................    3
                Assignment and Assumption Agreement .......................    3
                Band Event of Default .....................................    3
                Band Gaming Ordinance .....................................    3
                Band Interest Rate ........................................    3
                Band Representatives ......................................    3
                Band Working Capital Advances .............................    3
                Bank Closing ..............................................    3
                Bank Lender ...............................................    4
                Bank Loan .................................................    4
                BIA .......................................................    4
                Business Board ............................................    4
                Buy-Out Option ............................................    4
                Calculation Year ..........................................    4
                Capital Budget ............................................    4
                Capital Replacements ......................................    4
                Capital Replacement Reserve ...............................    4
                Change of Control .........................................    4
                Class II Gaming ...........................................    4
                Class III Gaming ..........................................    4
                Collateral Agreements .....................................    4
                Commencement Date .........................................    4
                Compact ...................................................    4
                Compensation ..............................................    4
                Confidential Information ..................................    5
                Constitution ..............................................    5
                Corporate Commission ......................................    5
                CRC .......................................................    5
                Development Agreement .....................................    5
                Development Expenditures ..................................    5
                Disbursement Account ......................................    5
                Dominion Account ..........................................    5
                Dominion Agreement ........................................    5
                Effective Date ............................................    5
                Emergency Condition .......................................    5
                Enterprise ................................................    5
                Enterprise Accounts .......................................    6
                Enterprise Employee .......................................    6
                Enterprise Employee Policies ..............................    6
</TABLE>

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<TABLE>
<S>             <C>                                                           <C>
                Enterprise Investment Policy ..............................    6
                Equipment Lender ..........................................    6
                Equipment Loan ............................................    6
                Facility ..................................................    6
                Financial Support .........................................    6
                Fiscal Year ...............................................    6
                Furnishings and Equipment .................................    6
                Gaming ....................................................    7
                Gaming Regulatory Authority or GRA ........................    7
                Gaming Site ...............................................    7
                Guaranty Reserve ..........................................    7
                General Manager ...........................................    7
                Generally Accepted Accounting Principles or GAAP ..........    7
                Governmental Action .......................................    7
                Great Lakes ...............................................    7
                Gross Gaming Revenue (Win) ................................    7
                Gross Revenues ............................................    7
                House Bank ................................................    8
                IGRA ......................................................    8
                Insider ...................................................    8
                Internal Control Systems ..................................    8
                Lakes .....................................................    8
                Lakes Certification .......................................    8
                Lakes Development Loan ....................................    8
                Lakes Development Note ....................................    8
                Lakes Facility Loan .......................................    8
                Lakes Facility Note .......................................    8
                Lakes Refinancing Guaranty ................................    8
                Lakes Security Agreement ..................................    8
                Lakes Working Capital Advance Note ........................    8
                Lakes Working Capital Advances ............................    8
                Legal Requirements ........................................    9
                Limited Recourse ..........................................    9
                Loans .....................................................    9
                Local Agreement ...........................................    9
                Manager ...................................................    9
                Manager's Internal Expenses ...............................    9
                Manager's Representatives .................................   10
                Management Agreement ......................................   10
                Management Fee ............................................   10
                Manager Event of Default ..................................   10
                Managing Officer ..........................................   10
                Marks .....................................................   10
                Material Adverse Change ...................................   10
                Material Breach ...........................................   10
                Member of the Band Government .............................   10
</TABLE>

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<TABLE>
<S>             <C>                                                           <C>
                Minimum Balance ...........................................   10
                Minimum Guaranteed Monthly Payment ........................   10
                Minimum Guaranteed Payment Advances .......................   10
                Minimum Payment Note ......................................   10
                Monthly Distribution Payment ..............................   10
                National Indian Gaming Commission or NIGC .................   11
                Net Revenues ..............................................   11
                Net Revenues (gaming) .....................................   11
                Net Revenues (other) ......................................   11
                New Pokagon Council .......................................   12
                NIGC Approval .............................................   12
                Non-Gaming Land Acquisition Line of Credit ................   12
                Operating Budget and Annual Plan ..........................   12
                Operating Expenses ........................................   12
                Operating Supplies ........................................   14
                Permitted Taxes ...........................................   14
                Plans and Specifications ..................................   14
                Pokagon Council ...........................................   14
                Pokagon Fund ..............................................   14
                Pre-Opening Budget ........................................   14
                Pre-Opening Expenses ......................................   14
                Project ...................................................   14
                Promotional Allowances ....................................   14
                Relative ..................................................   14
                Remaining Loan Availability Amount ........................   14
                Reserve Amount ............................................   14
                Restoration Act ...........................................   14
                Restricted Territory ......................................   14
                Specific Performance Restriction ..........................   14
                State .....................................................   15
                Subsequent Gaming Facility Revenues .......................   15
                Term ......................................................   15
                Transition Loan Note ......................................   15
                Tribal Distributions ......................................   15

3. ENGAGEMENT; BUSINESS BOARD; COMPLIANCE .................................   15
Section 3.1     Engagement of Manager .....................................   15
Section 3.2     Term ......................................................   15
Section 3.3     Status of Gaming Site .....................................   17
Section 3.4     Creation and Operation of Business Board ..................   17
Section 3.5     Manager Compliance with Law; Licenses .....................   18
Section 3.6     Compliance with Compact ...................................   18
Section 3.7     Fire and Safety ...........................................   18
Section 3.8     Compliance with the National Environmental Policy Act .....   18
Section 3.9     Commencement Date .........................................   18
</TABLE>

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<TABLE>
<S>             <C>                                                           <C>
4. BUSINESS AND AFFAIRS OF THE ENTERPRISE .................................   18
Section 4.1     Manager's Authority and Responsibility ....................   18
Section 4.2     Duties of Manager .........................................   18
                Physical Duties ...........................................   18
                Compliance with Band Ordinances ...........................   19
                Required Filings ..........................................   19
                Contracts in Band's Name Doing Business as the Enterprise
                and at Arm's Length .......................................   19
                Enterprise Operating Standards ............................   19
                Security ..................................................   19
Section 4.3     Damage, Condemnation or Impossibility of the Enterprise ...   19
Section 4.4     Alcoholic Beverages and Tobacco Sales .....................   19
Section 4.5     Employees .................................................   20
                Manager's Responsibility ..................................   20
                Enterprise Employee Policies ..............................   20
                Senior Employees ..........................................   21
                Enterprise Employees ......................................   21
                Removal of Employees ......................................   21
                Band Employees ............................................   21
Section 4.6     No Manager Internal Expenses; Limitation on Manager
                Payments ..................................................   21
Section 4.7     GRA Expenses ..............................................   21
Section 4.8     Employee Background Checks ................................   22
Section 4.9     Indian Preference .........................................   22
                Indian Preference .........................................   22
                Local Preference ..........................................   23
                Final Determination .......................................   23
Section 4.10    Pre-Opening ...............................................   23
Section 4.11    Operating Budget and Annual Plan ..........................   23
                Adjustments to Operating Budget and Annual Plan and Capital
                Budget ....................................................   25
Section 4.12    Capital Budgets ...........................................   25
Section 4.13    Capital Replacements ......................................   26
Section 4.14    Capital Replacement Reserve ...............................   26
Section 4.15    Periodic Contributions to Capital Replacement Reserve .....   27
Section 4.16    Use and Allocation of Capital Replacement Reserve .........   27
Section 4.18    Internal Control Systems ..................................   27
Section 4.19    Banking and Bank Accounts .................................   28
                Enterprise Accounts .......................................   28
                Daily Deposits to Dominion Account ........................   28
                Disbursement Accounts .....................................   28
                No Cash Disbursements .....................................   29
                Transfers Between Accounts ................................   29
                Transfers from Dominion Account to Disbursement Accounts ..   29
Section 4.20    Insurance .................................................   29
Section 4.21    Accounting and Books of Account ...........................   30
                Statements ................................................   31
</TABLE>

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<TABLE>
<S>             <C>                                                           <C>
                Books of Account ..........................................   31
                Accounting Standards ......................................   31
Section 4.22    Annual Audit ..............................................   32
Section 4.23    Manager's Contractual Authority ...........................   32
Section 4.24    Retail Shops and Concessions ..............................   32
Section 4.25    Entertainment Approvals ...................................   32
Section 4.26    Litigation ................................................   32

5. MANAGEMENT FEE, DISBURSEMENTS, AND OTHER PAYMENTS BY MANAGER ...........   33
Section 5.1     Management Fee ............................................   33
Section 5.2     Fee Subordinated ..........................................   33
Section 5.3     Disbursements .............................................   33
Section 5.4     Adjustment to Bank Account ................................   34
Section 5.5     Payment of Fees and Band Disbursement .....................   34
Section 5.6     Minimum Guaranteed Monthly Payment ........................   35
Section 5.7     Payment of Net Revenues ...................................   36
Section 5.8     Harrah's Termination Agreement ............................   36
Section 5.9     Band Indemnification - Indiana Casino .....................   36
Section 5.10    Maximum Dollar Amount for Recoupment ......................   37

6. ENTERPRISE NAME; MARKS .................................................   37
Section 6.1     Enterprise Name ...........................................   37
Section 6.2     Marks .....................................................   37
Section 6.3     Signage ...................................................   37

7. TAXES ..................................................................   37
Section 7.1     State and Local Taxes .....................................   37
Section 7.2     Band Taxes ................................................   37
Section 7.3     Compliance with Internal Revenue Code .....................   38

8. BUY-OUT OPTION .........................................................   38

9. EXCLUSIVITY; NON-COMPETITION ...........................................   38
Section 9.1     Exclusivity in Michigan ...................................   38
Section 9.2     Indiana Casino ............................................   38
Section 9.3     Non-Competition ...........................................   38
Section 9.4     Permitted Assignment; Change of Control ...................   39
Section 9.5     Restrictions on Collateral Development ....................   40

10. REPRESENTATIONS, WARRANTIES AND COVENANTS .............................   40
Section 10.1    Representations and Warranties of the Band ................   40
                Due Authorization .........................................   40
                Valid and Binding .........................................   40
                Pending Litigation ........................................   40
Section 10.2    Band Covenants ............................................   41
</TABLE>

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<TABLE>
<S>             <C>                                                           <C>
                No Impairment of Contract .................................   41
                Waiver of Sovereign Immunity ..............................   41
                Valid and Binding .........................................   41
                Legal Compliance ..........................................   41
                No Termination ............................................   41
                Title to Assets ...........................................   41
Section 10.3    Representations and Warranties of Manager and Lakes .......   42
                Due Authorization .........................................   42
                Valid and Binding .........................................   42
                Litigation ................................................   42
                Certifications ............................................   42
Section 10.4    Manager Covenants .........................................   43
                Noninterference in Band Affairs ...........................   43
                Prohibition of Payments to Members of Band Government .....   43
                Prohibition of Hiring Members of Band Government ..........   43
                Prohibition of Financial Interest in Enterprise ...........   43
                No Amendment ..............................................   43
                CRC .......................................................   43
Section 10.5    No Liens ..................................................   44
Section 10.6    Permitted Liens ...........................................   44
Section 10.7    Brokerage .................................................   45

11. DEFAULT ...............................................................   45
Section 11.1    Events of Default by the Band .............................   45
Section 11.2    Events of Default by Manager ..............................   46
Section 11.3    Material Breach; Right to Cure ............................   46

12. TERMINATION ...........................................................   47
Section 12.1    Voluntary Termination .....................................   47
Section 12.2    Termination of No NIGC Approval ...........................   47
Section 12.3    Manager Right to Terminate on Band Event of Default .......   47
Section 12.4    Band Right to Terminate on Manager Event of Default .......   47
Section 12.5    Band Right to Terminate for Material Adverse Change .......   47
Section 12.6    Termination if Manager License Withdrawn or on Conviction .   49
Section 12.7    Termination on Buy-Out ....................................   49
Section 12.8    Involuntary Termination Due to Changes in Legal
                Requirements ..............................................   49

13. DISPUTE RESOLUTIONS; LIQUIDATED DAMAGES ...............................   50
Section 13.1    Band's Waiver of Sovereign Immunity and Consent to Suit ...   50
Section 13.2    Arbitration ...............................................   50
                Choice of Law .............................................   51
                Place of Hearing ..........................................   51
                Confidentiality ...........................................   51
Section 13.3    Limitation of Actions .....................................   51
                Damages ...................................................   51
                Consents and Approvals ....................................   52
</TABLE>

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<TABLE>
<S>             <C>                                                           <C>
                Injunctive Relief and Specific Performance ................   52
                Action to Compel Arbitration ..............................   52
Section 13.4    Damages on Termination for Failure to Obtain NIGC
                Approval ..................................................   52
Section 13.5    Liquidated Damages and Limitations on Remedies ............   52
                Liquidated Damages Payable by Manager .....................   52
                Liquidated Damages Payable by the Band ....................   52
Section 13.6    Manager Continuing Obligations ............................   52
Section 13.7    Termination of Exclusivity ................................   53
Section 13.8    Remedies ..................................................   53
Section 13.9    Band Injunctive Relief ....................................   53
Section 13.10   No Setoff Against Payments to Band ........................   53
Section 13.11   Indemnification on Termination ............................   54
Section 13.12   Fees not Damages ..........................................   54
Section 13.13   Undistributed Net Revenues ................................   54
Section 13.14   Damages for Governmental Action ...........................   54

14. CONSENTS AND APPROVALS ................................................   54
Section 14.1    Band ......................................................   54
Section 14.2    Manager ...................................................   54
Section 14.3    Business Board ............................................   54

15. DISCLOSURES ...........................................................   55
Section 15.1    Shareholders and Directors ................................   55
Section 15.2    Warranties ................................................   55
Section 15.3    Disclosure Amendments .....................................   56
Section 15.4    Breach of Manager's Warranties and Agreements .............   56

16. NO PRESENT LIEN, LEASE OF JOINT VENTURE ...............................   56

17. CONCLUSION OF THE MANAGEMENT TEAM .....................................   56

18. MISCELLANEOUS .........................................................   57
Section 18.1    Situs of the Contracts ....................................   57
Section 18.2    .Notice ...................................................   57
Section 18.3    Relationship ..............................................   58
Section 18.4    Further Actions ...........................................   58
Section 18.5    Waivers ...................................................   58
Section 18.6    Captions ..................................................   58
Section 18.7    Severability ..............................................   58
Section 18.8    Advances ..................................................   59
Section 18.9    Third Party Beneficiary ...................................   59
Section 18.10   Survival of Covenants .....................................   59
Section 18.11   Estoppel Certificate ......................................   59
Section 18.12   Periods of Time; Time of Essence ..........................   59
Section 18.13   Exhibits ..................................................   59
Section 18.14   Successors and Assigns ....................................   59
</TABLE>

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<TABLE>
<S>             <C>                                                           <C>
Section 18.15   Confidential and Proprietary Information ..................   59
Section 18.16   Patron Dispute Resolution .................................   60
Section 18.17   Modification ..............................................   60
Section 18.18   Entire Agreement ..........................................   60
Section 18.19   Government Savings Clause .................................   61
Section 18.20   Preparation of Agreement ..................................   62
Section 18.21   Consents ..................................................   62
Section 18.22   Execution .................................................   62
Section 18.23   Limited Joinder ...........................................   62
</TABLE>

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                                LIST OF EXHIBITS

Exhibit A Gaming Site

Exhibit B Pending Band Litigation

                                       X

<PAGE>

                SECOND AMENDED AND RESTATED MANAGEMENT AGREEMENT

     THIS SECOND AMENDED AND RESTATED MANAGEMENT AGREEMENT has been entered into
as of December 22, 2004, by and between the POKAGON BAND OF POTAWATOMI (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.

1.7. 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

<PAGE>

     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. Pursuant to a Second 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
          $197,000,000, which will be financed as follows: the Lakes Development
          Loan in the amount of $46,000,000, and an additional $151,000,000 to
          be provided by an Equipment Loan and a Bank Loan. To the extent that
          the Band is unable to raise additional funding of $151,000,000 from
          third parties at an interest rate not to exceed 13% (the "151MM
          Shortfall"), Great Lakes shall provide $54,000,000 (or such lesser
          amount as may be necessary to make up the 151MM 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. Great Lakes shall not have any other responsibility to
          fund, or provide credit enhancements or interest subsidies for, the
          151MM Shortfall (if any); and

     -    Great Lakes has funded under the Lakes Development Loan approximately
          $4,500,000 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.

                                       2

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1.13. 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.

1.14. This Second Amended and Restated Management Agreement incorporates certain
     amendments to the First 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, 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.

     "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.

                                        3

<PAGE>

     "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.

     "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 2711(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

                                        4

<PAGE>

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.

     "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 First Amended and Restated
Development Agreement dated as of October 16, 2000 and by Second Amended and
Restated Development Agreement of near or even date.

     "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" means 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,

                                        5

<PAGE>

or through the guaranty of, Manager, (b) is specifically included within the
Initial Scope of Work or the Final Scope of Work 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 he 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;

     (iii) office furnishings and equipment;

                                        6

<PAGE>

     (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, 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.

     "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

                                       7

<PAGE>

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.

     "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.

                                       8

<PAGE>

     "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 9.2.1(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).

     "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.

                                       9

<PAGE>

     "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.

     "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 2711(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.

                                       10

<PAGE>

     "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

     (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;

                                       11

<PAGE>

     (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.

     "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, including 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;

                                       12

<PAGE>

     (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;

     (xiii) trash removal;

     (xiv) cost of goods sold;

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

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

     (xvii) 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;

     (xviii) recruiting and training expenses;

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

     (xx) 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;

     (xxi) 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;

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

     (xxiii) 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.

                                       13

<PAGE>

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.

     "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

                                       14

<PAGE>

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.

     "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

                                       15

<PAGE>

          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 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 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;

                                       16

<PAGE>

          (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 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

                                       17

<PAGE>

     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).

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

                                       18

<PAGE>

          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
          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

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<PAGE>

     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 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

                                       20

<PAGE>

          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 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 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

                                       21

<PAGE>

     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
               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.

                                       22

<PAGE>

     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.

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

                                       23

<PAGE>

     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
          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

                                       24

<PAGE>

          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 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

                                       25

<PAGE>

     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 Business 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.

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

                                       26

<PAGE>

     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 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

                                       27

<PAGE>

     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.

     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 9.2.1(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

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          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
          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

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<PAGE>

          and Two Million Dollars ($2,000,000) in the aggregate for bodily
          injury and/or property damage.

     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 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

          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.

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          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 Five" 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, 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

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     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 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

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     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.

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);

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     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 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

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          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.

     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

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     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 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

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     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
     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

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<PAGE>

     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.

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
          Clauses III or IV of that definition.

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<PAGE>

          "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-1; 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-1, 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
          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

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<PAGE>

          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, 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

                                       41

<PAGE>

          account and such 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.

     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
          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.

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<PAGE>

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
          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

                                       43

<PAGE>

          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 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

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<PAGE>

          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 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.

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<PAGE>

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.

     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,

                                       46

<PAGE>

          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 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

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<PAGE>

          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.

     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

                                       48

<PAGE>

          Agreements.

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 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

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<PAGE>

          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.

12.9. 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 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

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     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 shall apply Michigan law.

     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 9.2.1(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

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          Acquisition Line of Credit and the Transition Loan, Furnishings and
          Fixtures to the extent provided in Section 9.2.1(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
          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

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          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.

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

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     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 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.

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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 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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<PAGE>

               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, 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

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     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.
          130 Cheshire Lane

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<PAGE>

          Minnetonka, MN 55305

          with a copy to:

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

          and to:

          Neil Sell, Esq.
          Maslon Edelman Borman & Brand, LLP
          3300 Wells Fargo Center
          90 South Seventh Street
          Minneapolis, MN 55402

     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, 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. Severability. If any provision, or any portion of any provision, of this
     Agreement is found to be invalid or unenforceable, such unenforceable
     provision, or unenforceable

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<PAGE>

     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.

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

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<PAGE>

     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;

     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.   Second Amended and Restated Development Agreement of near or even
               date;

          b.   Second Amended and Restated Lakes Development Note dated as of
               December 22, 2004;

          c.   Second Amended and Restated Transition Loan Note dated as of
               December 22, 2004;

          d.   Second Amended and Restated Non-Gaming Land Acquisition Line of
               Credit dated as of December 22, 2004;

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          e.   Account Control Agreement, as amended by Amendment dated as of
               October 16, 2000 and by Second Amendment dated as of December 22,
               2004;

          f.   Pledge and Security Agreement, as amended by Amendment dated as
               of October 16, 2000 and by Second Amendment dated as of December
               22, 2004;

          g.   Assumption Agreement, as amended by First Amended Assignment and
               Assumption Agreement dated as of December 22, 2004;

          h.   Unlimited Guaranty, as amended by First Amended Unlimited
               Guaranty dated as of December 22, 2004;

          i.   Lakes Facility Note dated as of December 22, 2004;

          j.   Lakes Working Capital Advance Note dated as of December 22, 2004;

          k.   Lakes Minimum Payments Note dated as of December 22, 2004;

          l.   Security Agreement dated as of December 22, 2004;

          m.   Form of Dominion Account Agreement;

          n.   Indemnity Agreement from the Band to Great Lakes (as assignee of
               Lakes) dated as of March 9, 2000, as amended by First Amended and
               Restated Indemnity Agreement dated February 28, 2001 and Second
               Amended and Restated Indemnity Agreement dated December 22, 2004;

          o.   Reaffirmation of Guarantees and Mortgages dated as of December
               22, 2004, 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. Government Savings Clause. The Band, Lakes and Manager each agree to
execute, deliver and, if necessary, record any and all additional instruments,
certifications,

                                       61

<PAGE>

     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.

18.20. 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 rest of this page is intentionally left blank.
                      The next page is the signature page.]

                                       62

<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
                                             -----------------------------------

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

                                        By: /s/ Timothy Cope
                                            ------------------------------------
                                        Its: President
                                             -----------------------------------

                                        Lakes Gaming and Resorts, LLC

                                        By: /s/ Timothy Cope
                                            ------------------------------------
                                        Its: President
                                             -----------------------------------

                                        APPROVED PURSUANT TO 25 U.S.C.
                                        SECTION 2711

                                        NATIONAL INDIAN GAMING COMMISSION

                                        By
                                           -------------------------------------

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

                                       63

<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

                                       64

<PAGE>

WAY LINE 131.67 FEET; THENCE NORTHEASTERLY 1721.44 FEET ON A 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

                                       65

<PAGE>

SOUTH LINE 333.12 FEET TO THE WEST LINE OF THE EAST HALF OF THE 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.

                                       66

<PAGE>

                                    EXHIBIT B
                             PENDING BAND LITIGATION

Taxpayers of Michigan Against Casinos et al. v. State of Michigan. The Michigan
Supreme Court has ruled against plaintiff TOMAC's challenges to the validity of
the Compact. 471 Mich. 306, 685 N.W.2d221 (2004). TOMAC has petitioned the U.S.
Supreme Court for a writ of certiorari. Also, on remand from the Michigan
Supreme Court, in Michigan Court of Appeals Case No. 225017, TOMAC challenges
the validity of the Compact under the appropriation and separation of powers
provisions of the Michigan Constitution. The Band is not a party to these
actions, but may choose to intervene.

TOMAC v. Norton et al., U.S.D.C.D.C., Case No. 1:01CV00398-JR. The plaintiff in
that action challenges the decision of the Department of Interior to take the
Gaming Site into trust. The Band is not a party to that action, but may choose
to intervene.

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.

                                       67<PAGE>
                                                                   Exhibit 10.70

                                                               EXECUTION VERSION

                           SECOND AMENDED AND RESTATED

                              DEVELOPMENT 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 DECEMBER 22, 2004

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<S>             <C>                                                                         <C>
RECITALS ..............................................................................     1
ARTICLE 1 DEFINITIONS AND OBJECTIVES ..................................................     3
Section 1.1     Definitions ...........................................................     3
                Account ...............................................................     3
                Accrued Expenses ......................................................     3
                Agreement .............................................................     3
                Agreements ............................................................     3
                Approved Construction Costs ...........................................     3
                Approved Development Budget ...........................................     3
                Architect .............................................................     3
                Assignment and Assumption Agreement ...................................     3
                Band Designee .........................................................     3
                Band Designee Guarantee ...............................................     3
                Band Designee Mortgage ................................................     3
                Band Event of Default .................................................     3
                Band Interest Rate ....................................................     4
                Band Mortgage .........................................................     4
                Band Security Agreement ...............................................     4
                Band Working Capital Advances .........................................     4
                Bank Closing ..........................................................     4
                Bank Lender ...........................................................     4
                Bank Loan .............................................................     4
                Bank Loan Agreement ...................................................     4
                Bank Note .............................................................     5
                BIA ...................................................................     5
                Business Board ........................................................     5
                Change of Control .....................................................     5
                Class II Gaming .......................................................     5
                Class III Gaming ......................................................     5
                Commencement Date .....................................................     5
                Compact ...............................................................     5
                Completion Date .......................................................     5
                Constitution ..........................................................     6
                Construction Costs ....................................................     6
                Construction Documents ................................................     6
                Construction Guaranty Payments ........................................     6
                Control Agreement .....................................................     6
                Corporate Commission ..................................................     6
                CRC ...................................................................     6
                Design Agreement ......................................................     6
                Design Packages .......................................................     6
                Development Expenditures ..............................................     6
</TABLE>

                                       ii

<PAGE>

<TABLE>
<S>             <C>                                                                        <C>
                Development Soft Costs ................................................     7
                Disbursement Accounts .................................................     7
                Dominion Account ......................................................     7
                Dominion Agreement ....................................................     7
                Economically Feasible .................................................     7
                Enterprise ............................................................     7
                Enterprise Accounts ...................................................     7
                Equipment Lender ......................................................     8
                Equipment Loan Agreement ..............................................     8
                Equipment Loan ........................................................     8
                Equipment Note ........................................................     8
                Facility ..............................................................     8
                Final Scope of Work ...................................................     8
                Firstar ...............................................................     8
                Force Majeure .........................................................     8
                Furnishings and Equipment .............................................     8
                Gaming ................................................................     9
                Gaming Ordinance ......................................................     9
                Gaming Regulatory Authority or GRA ....................................     9
                Gaming Site ...........................................................     9
                Gaming Site Acquisition Advances ......................................     9
                Governmental Action ...................................................     9
                Great Lakes ...........................................................     9
                Guaranty ..............................................................     9
                Guaranty Reserve ......................................................    10
                Initial Phase .........................................................    10
                Initial Scope of Work .................................................    10
                IGRA ..................................................................    10
                Insider ...............................................................    10
                Lakes .................................................................    10
                Lakes Development Loan ................................................    10
                Lakes Development Note ................................................    10
                Lakes Event of Default ................................................    10
                Lakes Facility Loan ...................................................    10
                Lakes Facility Note ...................................................    11
                Lakes' Internal Expenses ..............................................    11
                Lakes Refinancing Guaranty ............................................    11
                Lakes Security Agreement ..............................................    11
                Lakes Working Capital Advance Note ....................................    11
                Lakes Working Capital Advances ........................................    11
                Legal Requirements ....................................................    11
                Limited Recourse ......................................................    11
                Loans .................................................................    12
                Local Agreement .......................................................    12
                Management Agreement ..................................................    12
                Material Adverse Change ...............................................    12
</TABLE>

                                       iii

<PAGE>

<TABLE>
<S>             <C>                                                                        <C>
                Material Breach .......................................................    12
                Memorandum of Understanding ...........................................    12
                Minimum Payment Note ..................................................    12
                Monthly Payments ......................................................    12
                National Indian Gaming Commission .....................................    12
                Net Revenues ..........................................................    13
                NIGC Approval .........................................................    13
                NIGC Disapproval ......................................................    13
                Non-Gaming Land .......................................................    13
                Non-Gaming Land Acquisition Line of Credit ............................    13
                151MM Shortfall .......................................................    13
                Operating Expense .....................................................    13
                Plans and Specifications ..............................................    13
                Pokagon Council .......................................................    13
                Preliminary Development Budget ........................................    13
                Project ...............................................................    13
                Remaining Loan Availability Amount ....................................    14
                Reserve Amount ........................................................    14
                Restoration Act .......................................................    14
                Restricted Territory ..................................................    14
                Road Service Agreement ................................................    14
                Scholarship Program Fee ...............................................    14
                Signing Fee ...........................................................    14
                Specific Performance Restriction ......................................    14
                State .................................................................    14
                Subsequent Gaming Facility Revenues ...................................    14
                Term ..................................................................    14
                Transaction Documents .................................................    14
                Transition Loan .......................................................    14
                Transition Loan Note ..................................................    14
                Tribal Distributions ..................................................    15
                Tribal UCC Code .......................................................    15
Section 1.2     Independent Agreement .................................................    15

ARTICLE 2 ACQUISITION OF GAMING SITE AND NON-GAMING LANDS.                                 15
Section 2.1     Selection of Gaming Site ..............................................    15
Section 2.2     Purchase of Gaming Site; Funding ......................................    15
Section 2.4     Assignment of Other Options ...........................................    15
Section 2.5     Selection of Non-Gaming Lands .........................................    16
Section 2.6     Closing on Non-Gaming Lands; Funding ..................................    16
Section 2.6.1.     Funding Where Non-Gaming Land Acquired by Band Designee ............    16
Section 2.7     Mortgages Prior to Transfer into Trust ................................    17

ARTICLE 3 CONSTRUCTION PHASES .........................................................    17
Section 3.1     Initial Phase .........................................................    17
Section 3.2     Final Scope of Work ...................................................    17
</TABLE>

                                       iv

<PAGE>

<TABLE>
<S>             <C>                                                                        <C>
Section 3.3     Modification of Final Scope of Work ...................................    17
Section 3.4     Bank Loans and Equipment Loans ........................................    17

ARTICLE 4 DESIGN PHASE ................................................................    18
Section 4.1     Employment of Architect ...............................................    18
Section 4.2     Design and Construction Budgets .......................................    18
Section 4.3     Gaming Regulatory Authority Expenses ..................................    19
Section 4.4     Reserved ..............................................................    19
Section 4.5     Concept Design and Engineering ........................................    19
Section 4.6     Preliminary Program Evaluation ........................................    19
Section 4.7     Design Development ....................................................    19
Section 4.8     Plans and Specifications ..............................................    19
Section 4.9     Compliance with Construction Standards, Environmental Laws and
                Regulations ...........................................................    20
Section 4.10    Advance of Funds for Design Work, Long Lead Time Items and
                Preliminary Site Work .................................................    20

ARTICLE 5 CONSTRUCTION PHASE ..........................................................    20
Section 5.1     Selection of Contractor or Construction Manager .......................    21
Section 5.2     Vendor Preferences ....................................................    21
Section 5.3     Proposal Review .......................................................    21
Section 5.4     Contracts .............................................................    21
Section 5.5     Construction Document Provisions ......................................    21
Section 5.6     Construction Administration ...........................................    22
Section 5.7     Construction Commencement and Completion ..............................    22
Section 5.8     Determination of Approved Construction Costs; Cost Overruns ...........    22

ARTICLE 6 FURNISHINGS AND EQUIPMENT ...................................................    23
Section 6.1     Selection of Furnishings and Equipment ................................    23

ARTICLE 7 TERM ........................................................................    23
Section 7.1     Term ..................................................................    23

ARTICLE 8 PAYMENTS AND COMMITMENTS BY GREAT LAKES BEFORE APPROVAL OF MANAGEMENT
AGREEMENT .............................................................................    24
Section 8.1     Fees Payable By Great Lakes to the Band ...............................    24
                Initial Fee ...........................................................    24
                Signing Fee ...........................................................    24
                Monthly Payments ......................................................    24
Section 8.2     Deposit into the Account ..............................................    24
Section 8.3     Transition Loan .......................................................    25
Section 8.4     Advances on Lakes Development Loan ....................................    25
                   Gaming Site Acquisition Funds ......................................    26
                   Site Planning, Design Development and other Preliminary
                      Expenditures ....................................................    26
                   Advances to the Band for Gaming Ordinance ..........................    26
                   Advances to the Band for Development Soft Costs ....................    26
</TABLE>

                                        v

<PAGE>

<TABLE>
<S>             <C>                                                                        <C>
Section 8.5     Non-Gaming Land Acquisition Line of Credit ............................    26

ARTICLE 9 PAYMENTS AND COMMITMENTS BY GREAT LAKES AFTER APPROVAL OF MAANAGEMENT
AGREEMENT .............................................................................    26
Section 9.1     Scholarship Program Fee ...............................................    26
Section 9.2     Development and Equipment Loans .......................................    27
                   Lakes Development Loan .............................................    27
                   Bank Loan ..........................................................    33
                   Equipment Loan .....................................................    34
                   Lakes Facility Loan ................................................    34
                   Terms Applicable to all Loans ......................................    36

ARTICLE 10 EXCLUSIVITY; NON-COMPETITION ...............................................    39
Section 10.1    Exclusivity Regarding Facility ........................................    39
Section 10.2    Exclusivity in Michigan ...............................................    39
Section 10.3    Indiana Casino ........................................................    39
Section 10.4    Non-Competition .......................................................    39
Section 10.5    Assignment; Change of Control .........................................    39
Section 10.6    Restrictions on Collateral Development ................................    41

ARTICLE 11 REPRESENTATIONS, WARRANTIES, AND COVENANTS .................................    41
Section 11.1    Representations and Warranties of the Band ............................    41
Section 11.2    Band Covenants ........................................................    41
Section 11.3    Representations and Warranties of Lakes and Great Lakes ...............    43
Section 11.4    Covenants of Lakes and Great Lakes ....................................    44

ARTICLE 12 EVENTS OF DEFAULT ..........................................................    45
Section 12.1    Events of Default by the Band .........................................    45
Section 12.2    Events of Default by Lakes or Great Lakes .............................    46
Section 12.3    Material Breach; Right to Cure ........................................    46

ARTICLE 13 TERMINATION ................................................................    47
Section 13.1    Voluntary Termination .................................................    47
Section 13.2    Termination if No NIGC Approval .......................................    47
Section 13.3    Great Lakes Right to Terminate on Band Event of Default ...............    47
Section 13.4    Band Right to Terminate on Lakes Event of Default .....................    47
Section 13.5    Band Right to Terminate for Material Adverse Change ...................    47
Section 13.6    Termination on Buyout .................................................    49
Section 13.7    Involuntary Termination Due to Changes in Legal Requirements ..........    49
Section 13.8    Repair or Replacement .................................................    50
Section 13.9    Recoupment and Setoff .................................................    51

ARTICLE 14 DISPUTE RESOLUTION; LIQUIDATED DAMAGES .....................................    51
Section 14.1    Band's Waiver of Sovereign Immunity and Consent to Suit ...............    51
Section 14.2    Arbitration ...........................................................    51
                   Choice of Law ......................................................    52
</TABLE>

                                       vi

<PAGE>

<TABLE>
<S>             <C>                                                                        <C>
                   Place of Hearing ...................................................    52
                   Confidentiality ....................................................    52
Section 14.3    Limitation of Actions .................................................    52
                   Damages ............................................................    52
                   Consents and Approvals .............................................    53
                   Injunctive Relief and Specific Performance .........................    53
                   Action to Compel Arbitration .......................................    53
Section 14.4    Damages on Termination for Failure to Obtain NIGC Approval ............    53
Section 14.5    Liquidated Damages and Limitations on Remedies ........................    54
                   Liquidated Damages Payable by Great Lakes ..........................    54
                   Liquidated Damages Payable by the Band .............................    54
                   Limitation on Great Lakes Remedies .................................    55
Section 14.6    Lakes' and Great Lakes' Continuing Obligations ........................    55
Section 14.7    Termination of Exclusivity ............................................    55
Section 14.8    Remedies ..............................................................    55
Section 14.9    Fees not Damages ......................................................    56
Section 14.10   Damages for Governmental Action .......................................    56

ARTICLE 15 GENERAL ....................................................................    56
Section 15.1    Nature of Agreement ...................................................    56
Section 15.2    Great Lakes' Interest .................................................    56
Section 15.3    Situs of the Agreement ................................................    56
Section 15.4    Notice ................................................................    56
Section 15.5    Relationship ..........................................................    58
Section 15.6    Further Actions .......................................................    58
Section 15.7    Waivers ...............................................................    58
Section 15.8    Captions ..............................................................    58
Section 15.9    Third Party Beneficiary ...............................................    58
Section 15.10   Survival of Covenants .................................................    58
Section 15.11   Estoppel Certificate ..................................................    58
Section 15.12   Periods of Time; Time of the Essence ..................................    58
Section 15.13   Confidential and Proprietary Information ..............................    58
Section 15.14   Government Savings Clause .............................................    59
Section 15.15   Successors and Assigns ................................................    59
Section 15.16   Severability ..........................................................    59
Section 15.17   Entire Agreement ......................................................    59
Section 15.18   Consents ..............................................................    61
                   Band ...............................................................    61
                   Manager ............................................................    61
                   Business Board .....................................................    61
Section 15.20   Limited Joinder .......................................................    61
</TABLE>

                                       vii

<PAGE>

                                  EXHIBIT LIST

<TABLE>
<S>         <C>
EXHIBIT A   Second Amendment to Pledge and Security Agreement

EXHIBIT B   Second Amendment to Account Control Agreement

EXHIBIT C   Form of Dominion Account Agreement

EXHIBIT D   Description of Gaming Site

EXHIBIT E   Second Amended and Restated Lakes Development Note

EXHIBIT F   Lakes Facility Note

EXHIBIT G   Security Agreement

EXHIBIT H   Lakes Working Capital Advance Note

EXHIBIT I   Lakes Minimum Payments Note

EXHIBIT J   Second Amended and Restated Non-Gaming Land Acquisition Line of
            Credit Agreement

EXHIBIT K   Second Amended and Restated Transition Loan Note

EXHIBIT L   Band Litigation

EXHIBIT M   Conditional Release and Termination Agreement between Lakes and
            CRC dated May 20, 1999, as amended by Amendment dated on or about
            July 7, 1999, as amended by Amendment dated on or about January 2,
            2003

EXHIBIT N   General Release from CRC to the Band and its members
</TABLE>

                                      viii

<PAGE>

                SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT

This Second Amended and Restated Development Agreement is made as of the 22nd
day of December, 2004, 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, ("Great Lakes").

                                    RECITALS

     A. 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.

     B. 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.

     C. The Band and Lakes Entertainment, Inc., f/k/a Lakes Gaming, Inc.
("Lakes") entered into a Development Agreement dated as of July 8, 1999 (the
"Development Agreement") which contains provisions relating to the development
of the Facility.

     D. The Band has ratified the Development Agreement on August 26, 1999, and
the Development Agreement is now in full force and effect.

     E. Lakes has assigned its rights and obligations under the Development
Agreement to Great Lakes pursuant to an Assignment and Assumption Agreement
dated as of October 16, 2000, subject to the terms and conditions set out in
that Agreement.

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

     G. Pursuant to the First Amended Development Agreement, Great Lakes agreed
to increase the Lakes Development Loan from $43,000,000 to $46,000,000 and the
Non-Gaming Land Acquisition Line of Credit from $10,000,000 to $15,000,000,
thereby agreeing to loan the Band an additional $8,000,000 for immediate use by
the Band in acquiring both gaming and non-gaming land. The Band and Great Lakes
agreed to construct the Facility in a phased approach, with the Initial Phase
having a then estimated cost of approximately $97,000,000. Great Lakes also
agreed, due to uncertainty in the capital markets over the availability of
financing for the Facility, to provide a greater proportion of the initial phase
of project financing from its own funds, and affirmed its commitment to finance
all phases of the project entirely from its own

                                        1

<PAGE>

funds if financing at an interest rate of 13% or less is not available from the
capital markets. The Band in turn agreed to extend the term of the Management
Agreement from five to seven years and to enter into a Dominion Agreement
granting Great Lakes a security interest in the Dominion Account as defined in
the Management Agreement.

     H. The cost of developing, constructing and equipping the Initial Phase of
the Project is now understood as totaling approximately $197,000,000, which will
be financed as follows: the Lakes Development Loan in the amount of $46,000,000
and an additional $151,000,000 to be provided by an Equipment Loan and a Bank
Loan. To the extent that the Band is unable to raise additional funding of
$151,000,000 from third parties at an interest rate not to exceed 13% (the
"151MM Shortfall"), Great Lakes shall provide $54,000,000 (or such lesser amount
as may be necessary to make up the 151MM 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 at 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. Great Lakes shall not have any other responsibility to fund, or
provide credit enhancements or interest subsidies for, the 151MM Shortfall (if
any).

     I. Great Lakes and the Band have agreed that the term of this Agreement
shall begin on the date the Management Agreement, this 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 the Management
Agreement.

     J. Great Lakes has agreed to fund under the Lakes Development Loan, and has
funded, approximately $4,500,000 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.

     K. Great Lakes and the Band have agreed that the termination date in
Section 8.1(c) of the Development Agreement, relating to the time period during
which the Monthly Payments may be required to be made by Great Lakes to the
Band, shall be extended from August 26, 2004 to August 26, 2007, and that a
corresponding change shall be made in Sections 13.2 and 14.4 of the Development
Agreement to change the August 26, 2004 date to August 26, 2007.

     L. This Second Amended and Restated Development Agreement incorporates
these agreements, as well as certain other changes to the First Amended
Development Agreement.

     NOW, THEREFORE, in consideration of the mutual covenants, conditions and
promises herein contained, the receipt and sufficiency of which are expressly
acknowledged, the Band and Great Lakes hereby agree as follows:

                                        2

<PAGE>

                                    ARTICLE 1
                           DEFINITIONS AND OBJECTIVES

     Section 1.1. Definitions. Capitalized terms not otherwise defined herein
shall have the meanings set forth in the Management Agreement. In addition to
other terms which are defined elsewhere in this Agreement, the following terms,
for purposes of this Agreement, shall have the meanings set forth in this
Section.

     "Account" means the account at Firstar established pursuant to Section 8.2
that is subject to the Control Agreement.

     "Accrued Expenses" shall mean the accrued unpaid development costs and
expenses relating to the Gaming Site and the Enterprise.

     "Agreement" shall mean this Development Agreement.

     "Agreements" shall mean this Agreement and the Management Agreement.

     "Approved Construction Costs" shall mean the Architect's estimate of
Construction Costs approved by the Band and Great Lakes pursuant to Section 5.8.

     "Approved Development Budget" has the meaning set out in Section 4.2.

     "Architect" shall have the meaning described in Section 4.1.

     "Assignment and Assumption Agreement" means the Assignment and Assumption
Agreement among Great Lakes, Lakes and the Band dated as of October 16, 2000, as
amended by First Amendment dated as of December 22, 2004.

     "Band Designee" shall mean Pokagon Properties, LLC, a Delaware limited
liability company, Filbert Land Development, LLC, an Indiana limited liability
company, or such other entities as may be designated by the Band in writing.

     "Band Designee Guarantee" shall mean the guarantee by the Band Designee to
Great Lakes of amounts advanced by Great Lakes under the Lakes Development Note
and the Non-Gaming Land Acquisition Line of Credit, which shall be substantially
in the form of the guaranty executed by Pokagon Properties, LLC in favor of
Lakes dated March 9, 2000.

     "Band Designee Mortgage" means, individually and collectively, each
mortgage granted by a Band Designee to Great Lakes securing the applicable Band
Designee Guarantee, which shall be substantially in the form of the mortgage
granted by Pokagon Properties, LLC to Lakes dated March 9, 2000.

     "Band Event of Default" has the meaning described in Section 12.1.

                                       3

<PAGE>

     "Band Interest Rate" shall mean the lesser of (i) Wall Street Journal prime
rate as of the Bank Closing plus 1%, or (ii) 10%.

     "Band Mortgage" means, individually and collectively, each mortgage granted
by the Band to Great Lakes securing the Lakes Development Note and the
Non-Gaming Land Acquisition Line of Credit, which shall be substantially in the
form of the mortgage granted by Pokagon Properties, LLC to Lakes dated March 9,
2000, with appropriate changes reasonably acceptable to Great Lakes and the Band
reflecting the change to the Band as mortgagor and to Great Lakes as mortgagee.

     "Band Security Agreement" shall mean the pledge and security agreement
between Lakes and the Band granting the Band a lien and security interest in the
Account, in the form attached hereto as Exhibit A, as the same may be amended
from time to time.

     "Band Working Capital Advances" shall have the meaning defined in the
Management Agreement.

     "Bank Closing" means the closing on the Bank Loan Agreement.

     "Bank Lender" shall mean one or more financial institutions or bond
trustees described as the lender or bond trustee in the Bank Loan Agreement.

     "Bank Loan" shall mean the loan evidenced by the Bank Note.

     "Bank Loan Agreement" shall mean (a) the capital leases, loan agreements
and/or bond indentures to be entered into between the Band and the Bank Lender
for the Initial Phase in a principal amount of approximately $125,000,000,
which will, when added to the Lakes Development Loan and the Equipment Loan,
finance all Development Expenditures for the Initial Phase, provided that the
amount of the Bank Loan may be increased or decreased so long as the aggregate
amount of the Bank Loan Agreement and the Equipment Loan for the Initial Phase
shall not exceed $151,000,000; and (b) the subsequent or amended capital leases,
loan agreements and/or bond indentures in an additional approximate amount of
$76,000,000, which along with the additional Equipment Loan for the Final Scope
of Work will finance all Development Expenditures associated with the expansion
of the Facility to the Final Scope of Work; provided that the additional amount
of the Bank Loan may be increased or decreased so long as the additional
principal amount of such capital lease, loan and/or indenture, when added to the
additional Equipment Loan for that expansion, shall not exceed $95,000,000. The
amount borrowed under the Bank Loan Agreement may also be increased and the
added proceeds thereof used to refinance all or portions of the Lakes
Development Loan, provided that amounts used for such refinancing shall be in
addition to (a) the sums needed to fund Development Expenditures for the Initial
Phase (as to financing for the Initial Phase) and Final Scope of Work (as to
financing for the Final Scope of Work), in the respective maximum amounts set
out above, and (b) any sums which the Band is able to borrow without Great
Lakes' guaranty, credit enhancements or interest subsidy to expand the Initial
Scope of Work to include all or a portion of the Final Scope of Work.

                                       4

<PAGE>

     "Bank Note" shall mean the promissory notes or bonds to be executed by the
Band pursuant to the Bank Loan Agreement.

     "BIA" shall mean the Bureau of Indian Affairs under 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 the Management Agreement.

     "Change of Control" shall have the meaning set out in Section 10.5(c).

     "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.

     "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.

     "Completion Date" shall mean the date upon which Great Lakes receives, as
to the Initial Phase or the Final Scope of Work:

               (i) an architect's certificate from the Architect chosen pursuant
               to this Agreement as having responsibility for the design and
               supervision of construction, equipping and furnishing of the
               Facility certifying that the Initial Phase or the Final Scope of
               Work, as the case may be, has been fully constructed
               substantially in accordance with the Plans and Specifications;

               (ii) certification from the division, department or designee of
               Great Lakes having responsibility to assure compliance with any
               operational standards stating that the Initial Phase or the Final
               Scope of Work, as the case may be, as completed, is in
               substantial compliance with any such standards;

               (iii) a permanent or temporary certificate of occupancy, if
               required, from the regulatory entity within the Band Government
               with authority to grant such a certificate, permitting the use
               and operation of the Initial Phase or the Final Scope of Work, as
               the case may be, in accordance with this Agreement; and

                                       5

<PAGE>

               (iv) certificates of such professional designers, inspectors or
               consultants or opinions of counsel, as Great Lakes may reasonably
               determine to be appropriate, verifying construction and
               furnishing of the Initial Phase or the Final Scope of Work, as
               the case may be, in compliance with all Legal Requirements.

     "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.

     "Construction Costs" means the costs of acquiring the Gaming Site and
designing, developing, constructing, furnishing and equipping the Facility,
including all related planning and professional fees, Furnishings and Equipment,
and a contingency not to exceed 10% of such costs (excluding Furnishings and
Equipment).

     "Construction Documents" shall have the meaning described in Section 5.4.

     "Construction Guaranty Payments" shall have the meaning described in
Section 9.2.1(a)(i).

     "Control Agreement" shall mean the Account Control Agreement among Firstar,
Lakes and the Band dated July 8, 1999, as amended by Amendment to Account
Control Agreement dated October 16, 2000 and as further amended and restated by
Second Amended and Restated Control Agreement dated October __, 2003, perfecting
the Band's lien and security interest in the Account, a true copy of which is
attached as Exhibit B, as the same may be amended from time to time.

     "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.

     "Design Agreement" shall have the meaning described in Section 4.1

     "Design Packages" shall have the meaning described in Section 4.1.

     "Development Expenditures" shall mean all Approved Construction Costs; all
other costs of equipping and opening the Facility, including but not limited to
all related planning and professional fees, costs of infrastructure, fixtures,
Furnishings and Equipment (including gaming equipment), and pre opening costs,
fees and expenses; all legal, lobbying, public relations and other professional
costs and expenses related to transferring Gaming Lands and Non-Gaming Lands
into trust and to the Compact between the Band and the State of Michigan; and
all legal, lobbying and other fees and expenses previously incurred by the Band
in obtaining, or litigating with regard to, the Compact with the State of
Michigan, not to exceed $20,000, as well as all

                                       6

<PAGE>

other such fees and expenses subsequently incurred by the Band that the Band
reasonably chooses to include in the Development Budget, together with all other
Development Soft Costs.

     "Development Soft Costs" shall mean legal, lobbying, public relations and
other professional fees and expenses for work related to the Compact, litigation
relating to transfer of the Gaming Site into trust or otherwise affecting the
Project, development of Band ordinances required under the Local Agreement or
otherwise needed for development of the Project, and other services reasonably
related to development of the Project, subject in each case to limitations, if
any, set forth in this Agreement.

     "Disbursement Accounts" shall mean those accounts described in Section
4.19.3 of the Management Agreement.

     "Dominion Account" means the collateral account in favor of Great Lakes
established under Section 4.19.2 of the Management Agreement.

     "Dominion Agreement" means the collateral agreement granting Great Lakes a
security interest in the Dominion Account and perfecting such interest, which
shall be in the form attached as Exhibit C, as the same may be amended from time
to time.

     "Economically Feasible" means for purposes of Sections 13.7 and 14.5
hereof, that the Net Revenues from any operations of the Enterprise in question
shall on a monthly basis exceed the aggregate debt service payments due and
payable during such month on each of the Loans and any other indebtedness to
which Great Lakes has subordinated its liens.

     "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, 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
of the Management Agreement.

                                       7

<PAGE>

     "Equipment Lender" shall mean the financial institution described as the
lender in the Equipment Loan Agreement.

     "Equipment Loan Agreement" shall mean (a) the bond indentures, loan
agreements and/or equipment leases in a principal amount of approximately
$26,000,000 to be entered into between the Band and the Equipment Lender to
finance acquisition of the Furnishings and Equipment for the Initial Phase,
provided that the amount of the Equipment Loan may be increased or decreased so
long as the aggregate amount of the Bank Loan Agreement and the Equipment Loan
for the Initial Phase shall not exceed $151,000,000; and (b) the subsequent or
amended bond indenture, loan agreement and/or equipment lease in an additional
approximate amount of $19,000,000, which will finance the acquisition of the
Furnishings and Equipment for expansion of the Facility to the Final Scope of
Work; provided that the additional amount of the Equipment Loan may be increased
or decreased so long as the principal amount of such loan or lease, when added
to the Bank Loan for that expansion, shall not exceed $95,000,000.

     "Equipment Loan" means the loan or lease under the Equipment Loan
Agreement.

     "Equipment Note" shall mean the promissory note or bond to be executed by
the Band pursuant to the Equipment Loan Agreement.

     "Facility" shall mean the permanent 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.

     "Final Scope of Work" means the final gaming facility and associated
amenities that the parties intend to complete, unless otherwise agreed by Great
Lakes and the Band, no later than the third anniversary of the Commencement
Date, which, together with the Initial Phase, shall include not less than
106,000 sq. ft. of gaming space, 100 gaming tables, 3,000 slot machines, a 3,100
car garage and additional surface parking for guests, oversized vehicles and
employees as needed, a 200 room hotel, expanded food and beverage facilities,
and a 2,500 seat bingo and events center, and which shall contain approximately
(excluding the hotel and bingo/events center) at least 350,000 to 370,000 sq.
ft. of space. The Final Scope of Work will include and be integrated with the
Initial Phase.

     "Firstar" shall mean Firstar Bank N.A., n/k/a U.S. Bank National
Association, and its successors in interest.

     "Force Majeure" shall mean acts of God, fire, flood, storm, earthquake,
war, civil disorder, governmental acts, regulations, orders or restrictions,
accidents not caused by a party's negligence, strikes or labor disturbances.

     "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:

                                       8

<PAGE>

               (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;

               (iii) office furnishings and equipment;

               (iv) 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, and recreational facilities; and

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

               (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 pursuant to IGRA.

     "Gaming Ordinance" shall have the meaning described in Section 8.4(c).

     "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 Gaming
Ordinance.

     "Gaming Site" shall mean the parcels of land in New Buffalo, Michigan
described on the attached Exhibit D.

     "Gaming Site Acquisition Advances" shall mean funds advanced under the
Lakes Development Loan in such amount or amounts as are needed to option or
acquire the Gaming Site, provided that the total amount of Gaming Site
Acquisition Advances shall not exceed $11,000,000.

     "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).

     "Guaranty" means the Unlimited Guaranty dated as of October 16, 2000 from
Lakes Gaming, Inc. and Lakes Gaming and Resorts, LLC to the Band.

                                       9

<PAGE>

     "Guaranty Reserve" shall have the meaning described in Section
9.2.1(a)((ii)(A).

     "Initial Phase" shall mean the first phase of the Facility, which shall
include the facilities described in the Initial Scope of Work. The Initial Phase
shall be designed and constructed so that it will be an integral part of the
Final Scope of Work.

     "Initial Scope of Work" means a facility including not less than 58,000 sq.
ft. of gaming space, 60 gaming tables, 2,000 slot machines, a buffet, casual
dining outlet, steakhouse, casino cafe, employee dining and a 2,100 space garage
and 500 surface parking spaces for guests, parking spaces for oversized vehicles
and approximately 500 employee spaces, and which shall contain at least 224,000
sq. ft. of space but shall not include a hotel; provided that if financing
beyond $151,000,000 is available to the Band without Great Lakes' guarantee,
credit enhancements or interest subsidy on terms acceptable to the Band, the
Initial Scope of Work may at the Band's option be increased to include all or an
additional portion of the Final Scope of Work.

     "IGRA" shall mean the Indian Gaming Regulatory Act of 1988, P.L. 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
Lakes and Great 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.

     "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 Development Loan" shall mean the loan to the Band to be made by
Great Lakes under the Lakes Development Note in a principal amount of up to
$46,000,000 (which amount is subject to increase in accordance with Section
9.2.1 hereof), comprised of (a) up to $11,000,000 for Gaming Site Acquisition
Advances and (b) the balance for Development Expenditures other than acquisition
of the Gaming Site.

     "Lakes Development Note" shall mean the promissory note to be executed by
the Band to evidence the Lakes Development Loan, which shall be in the form
attached hereto as Exhibit E, together with all amendments, substitutions and
renewals thereof.

     "Lakes Event of Default" has the meaning described in Section 12.2.

     "Lakes Facility Loan" shall mean the Loan to be made by Great Lakes to the
Band, or facilitated by Great Lakes through guarantees, credit enhancements or
interest subsidies, pursuant to Section 9.2.4 of this Agreement. The Lakes
Facility Loan shall not include any loan to the extent it is subject to a Lakes
Refinancing Guaranty.

                                       10

<PAGE>

     "Lakes Facility Note" shall mean the promissory note to be executed by the
Band to evidence the Lakes Facility Loan if such Loan is made directly by Great
Lakes, which shall be in the form attached hereto as Exhibit F, together with
all amendments, substitutions and renewals thereof.

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

     "Lakes Refinancing Guaranty" means a guaranty of, or other credit
enhancement furnished by, Great Lakes or Lakes, to the extent that the proceeds
of the debt so guaranteed or benefited refinances all or a portion of the Lakes
Development Loan or any other obligation of the Band to Great Lakes.

     "Lakes Security Agreement" shall mean the security agreement to be executed
by the Band in favor of Great Lakes to secure the Lakes Facility Note, the Lakes
Development Note and other obligations as described in Section 9.2.1(j), which
agreement shall be in the form attached hereto as Exhibit G, as the same may be
amended from time to time.

     "Lakes Working Capital Advance Note" shall mean the promissory note to be
executed by the Band to evidence Lakes Working Capital Advances, which shall be
in the form attached hereto as Exhibit H, together with all amendments,
substitutions and renewals thereof.

     "Lakes Working Capital Advances" shall have the meaning defined in the
Management Agreement.

     "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, Lakes,
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) as to Great Lakes, a security interest in the
Furnishings and Equipment to the extent proceeds of the Lakes Facility Loan or
the Lakes Development Loan were used to fund acquisition of Furnishings and
Equipment, and as otherwise permitted under Section 9.2.1(j) of this Agreement,
(iii) if the Commencement Date does not occur, Subsequent Gaming Facility
Revenues to the extent provided in this Agreement, (iv) mortgages on the Gaming
Site and 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

                                       11

<PAGE>

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), (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 Great Lakes, if the Commencement Date does not occur,
Subsequent Gaming Facility Revenues to the extent provided in this Agreement,
(ii) as to the Lakes Development Note and the Non-Gaming Acquisition Line of
Credit, mortgages on the Gaming Site and 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).

     "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" means the Local Agreement dated March 13, 2000 among the
Band, the City of New Buffalo and the Township of New Buffalo, as it may be
supplemented or amended.

     "Management Agreement" shall mean the Second Amended and Restated
Management Agreement of near or even date, pursuant to which Great Lakes shall
manage 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 either 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 12.3, 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.

     "Memorandum of Understanding" means the Memorandum of Understanding between
the Band and the Secretary of the Interior executed on behalf of the Secretary
on January 11, 1999.

     "Minimum Payment Note" shall mean the promissory note to be executed by the
Band to evidence Minimum Guaranteed Payment Advances, which shall be in the form
attached hereto as Exhibit I, together with all amendments, substitutions and
renewals thereof..

     "Monthly Payments" shall have the meaning described in Section 8.1(c).

     "National Indian Gaming Commission" or "NIGC" means the commission
established pursuant to 25 U.S.C. Section 2704.

                                       12

<PAGE>

     "Net Revenues" shall have the meaning set forth in the Management
Agreement, and shall include "Net Revenues (gaming)" and "Net Revenues (other)"
as defined in the Management Agreement.

     "NIGC Approval" means the written approval by the NIGC of the Management
Agreement.

     "NIGC Disapproval" means a written determination by the NIGC that the
Management Agreement should be disapproved under 25 C.F.R. Section 533.6(c), if
within 120 days after notification of the NIGC decision Lakes and Great Lakes
have not cured the reason for such disapproval.

     "Non-Gaming Land" means any parcels of land in Michigan or Indiana (other
than the Gaming Site) which are (a) identified in a writing executed by the Band
as suitable for reservation homelands for the Band in accordance with the
Memorandum of Understanding, and (b) meet the requirements of United States of
America to be accepted in trust for the Band for Gaming or non-Gaming purposes;
provided that the Gaming Site and the Non-Gaming Land shall not exceed 4,700
acres in the aggregate.

     "Non-Gaming Land Acquisition Line of Credit" shall mean an internal line of
credit in favor of the Band established by Great Lakes in the amount of
$15,000,000, pursuant to the Second Amended and Restated Non-Gaming Land
Acquisition Line of Credit Agreement in the form attached hereto as Exhibit J,
to enable the Band to option or acquire Non-Gaming Lands.

     "151 MM Shortfall" means the difference, if any, between (a) $151,000,000
and (b) the aggregate amount of bank commitments and firm underwriting
commitments the Band obtains for the Initial Phase for the Bank Loan and the
Equipment Loan, without any guaranty, credit enhancement or interest subsidy
from Great Lakes or Lakes for such Loans (other than a Lakes Refinancing
Guaranty) and on terms not less favorable to the Band than those set out in
Sections 9.2.2, 9.2.3 and 9.2.5 with regard to those Loans.

     "Operating Expense" has the meaning provided in Section 2 of the Management
Agreement.

     "Plans and Specifications" shall mean the final Plans and Specifications
approved for the Facility as described in Section 4.8.

     "Pokagon Council" shall mean the duly elected governing legislative body of
the Band described pursuant to 25 U.S.C. Section 1300j-4(b) or, at the option of
the Band, a designed committee or council created pursuant to resolution or
ordinance of the Pokagon Council.

     "Preliminary Development Budget" shall have the meaning described in
Section 4.2.

     "Project" shall have the meaning described in Section 4.1.

                                       13

<PAGE>

     "Remaining Loan Availability Amount" shall have the meaning described in
Section 9.2.1(a)((ii)(A).

     "Reserve Amount" shall have the meaning described in Section
9.2.1(a)(ii)(A).

     "Restoration Act" shall mean 25 U.S.C. Sections 1300j et seq.

     "Restricted Territory" shall mean the States of Ohio, Illinois, Indiana and
Michigan.

     "Road Service Agreement" shall mean that certain Service, Maintenance and
Reconstruction of County Roads Agreement dated October 24, 2001 by and among the
Band, Great Lakes, Lakes and the Board of County Road Commissioners of Berrien
County, Michigan.

     "Scholarship Program Fee" shall mean the $1,000,000 non-refundable fee paid
by Lakes under Section 9.1 of this Agreement.

     "Signing Fee" shall have the meaning described in Section 8.1(b).

     "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 Net Revenue exceeds
$1,000,000 per annum.

     "Term" shall mean the term of this Agreement as described in Section 7.1.

     "Transaction Documents" shall mean, individually or collectively, as the
context may require, this Agreement, the Management Agreement, the Dominion
Account Agreement, the Band Mortgages, the Security Agreement, and any other
documents, instruments and agreements between Great Lakes and the Band
referenced therein, each as heretofore and hereafter amended.

     "Transition Loan" shall have the meaning described in Section 8.3.

     "Transition Loan Note" shall mean the promissory note to be executed by the
Band evidencing the Transition Loan, which shall be in the form attached hereto
as Exhibit K.

                                       14

<PAGE>

     "Tribal Distributions" shall mean Monthly Distribution Payments, Minimum
Guaranteed Monthly Payments and any other payments received by the Band pursuant
to or in connection with the Management Agreement.

     "Tribal UCC Code" shall have the meaning assigned to such term in Section
9.2.5(m) hereof.

     Section 1.2. Independent Agreement. The objective of the Band and Great
Lakes in entering into and performing this Agreement is to provide a legally
enforceable procedure and agreement pursuant to which Great Lakes will pay
certain fees to the Band and make certain loans to the Band, and whereby the
Band and Great Lakes can proceed as far as possible with development of the
Facility prior to the approval of the Management Agreement by the NIGC so that
the Facility can be opened to the public as soon as possible after the approval
of the Management Agreement by the NIGC; and to set forth the rights and
obligations of the parties if approval of the Management Agreement by the NIGC
does not occur or on the occurrence or non-occurrence of certain other events.
This is intended to be a legally enforceable agreement, independent of the
Management Agreement, which shall enter into effect when executed and delivered
by the parties and be enforceable between the parties regardless of whether or
not this Agreement or the Management Agreement is approved by the Chairman of
the NIGC.

                                    ARTICLE 2

                 ACQUISITION OF GAMING SITE AND NON-GAMING LANDS

     Section 2.1. Selection of Gaming Site. The parties have selected the Gaming
Site for the Facility.

     Section 2.2. Purchase of Gaming Site; Funding. The Band, through the Band
Designee, has purchased the Gaming Site using funds provided by Lakes or Great
Lakes under the Lakes Development Loan. All amounts so advanced by Lakes or
Great Lakes, together with option or acquisition payments made by Lakes or Great
Lakes prior to such purchase, are Development Expenditures and have been
advanced under the Lakes Development Note.

          2.2.1. The Band Designee has executed and delivered the Band Designee
Guarantee to Great Lakes. The Band Designee has executed and delivered to Great
Lakes a Band Designee Mortgage securing that guarantee.

     Section 2.3. [intentionally omitted]

     Section 2.4. Assignment of Other Options. Great Lakes shall at the Band's
sole and absolute discretion assign or cause to be assigned to the Band or the
Band Designee any or all options (other than the Gaming Site Option) it, or any
other nominee, Insider or agent of Lakes or Great Lakes may have on, or other
interests in, the following properties: (a) all lands acquired

                                      15

<PAGE>

by Lakes, Great Lakes or any agent or Insider of Lakes or Great Lakes relating
to the development of the Facility and related amenities, and (b) any other land
located within the 20-mile radius described in Section 10.6 below, unless the
Band consents in writing to their retention of specified options or interests
for specified purposes. Any such consent given by the Band shall be irrevocable
as to the specified property and purposes. Any such assignments shall be without
warranty or other recourse. Option payments or acquisition payments made by
Lakes or Great Lakes or Lakes' or Great Lakes' other nominees or agents prior to
such assignment shall be advances under the Non-Gaming Land Acquisition Line of
Credit and repayable in accordance with its terms.

     Section 2.5. Selection of Non-Gaming Lands. As soon as reasonably possible
after the date of this Agreement, the Pokagon Council shall select the
Non-Gaming Lands. The Band shall have sole discretion over the selection and
terms of acquisition of the Non-Gaming Lands.

     Section 2.6. Closing on Non-Gaming Lands; Funding. The Band or the Band
Designee shall thereafter proceed to purchase the Non-Gaming Lands. Such
purchase shall occur on or immediately following NIGC Approval; as may be
required to avoid expiration of options or deadlines set in purchase agreements,
as they may be extended with the consent of the owners of the proposed
Non-Gaming Lands; or as otherwise agreed by the parties. Great Lakes shall
advance funds in such amount or amounts as shall be needed to option and/or
acquire the Non-Gaming Lands, including without limitation all related fees and
transfer taxes, provided that the total amount Great Lakes shall be required to
advance shall not exceed $15,000,000. All amounts so advanced by Great Lakes
shall be advanced under the Non-Gaming Land Acquisition Line of Credit, which
shall be Limited Recourse, shall bear interest at the Band Interest Rate, and
shall be repayable in 60 equal monthly installments of principal and interest
commencing on the 15th day of the month after the month in which the
Commencement Date occurs.

          2.6.1. Funding where Non-Gaming Land Acquired by Band Designee. If the
Band opts to have the Band Designee enter into options or purchase agreements
for Non-Gaming Lands, or acquire any of the Non-Gaming Lands, the cost of
obtaining such options and agreements, and of closing under such options and
agreements, including all related fees, commissions and expenses, shall be
advanced by Great Lakes to the Band under the Non-Gaming Land Acquisition Line
of Credit, through a designee other than Great Lakes, which designee shall be
the nominee of and agent for Great Lakes. The Band shall in turn advance or
contribute such amounts to or for the benefit of the Band Designee. The Band
Designee shall execute and deliver to Great Lakes the Band Designee Guarantee.
The Band Designee shall also execute and deliver to Great Lakes' nominee a Band
Designee Mortgage securing that guarantee, or an amendment to such mortgage,
upon each closing on the Band Designee's acquisition of any such real property.
Great Lakes's Designee shall act solely as agent and nominee for Great Lakes in
advancing funds under the Non-Gaming Land Acquisition Line of Credit and holding
the Band Designee Mortgage, and shall not have any independent capacity; shall
be subject to all claims and defenses of the Band and the Band Designee against
Great Lakes and Lakes, to the same extent as if the property in question had
been acquired by the Band and mortgaged by the Band to Great Lakes or Lakes; and
shall be subject to the arbitration, limited waiver of immunity, Limited
Recourse and other provisions of Article 14 of the Development Agreement. Great
Lakes' designee shall only be entitled to enforce the Band Designee Mortgage
against the

                                      16

<PAGE>

Band Designee to the extent that, and in the same manner as, Great Lakes would
be entitled to enforce a Band Mortgage against the Band. Any Great Lakes'
designee shall execute and deliver to the Band an agency agreement reasonably
acceptable to the Band and Great Lakes.

     Section 2.7. Mortgages Prior to Transfer into Trust. Prior to transfer of
the Gaming Site or Non-Gaming Lands into trust, amounts advanced under the Lakes
Development Note and under the Non-Gaming Land Acquisition Line of Credit shall
be secured by a Band Mortgage or Band Designee Mortgage on all such properties.
Lakes and Great Lakes shall release such mortgages upon transfer of the
respective lands subject to such mortgages into trust, or as otherwise provided
in this Agreement.

                                    ARTICLE 3
                               CONSTRUCTION PHASES

     Section 3.1. Initial Phase. The Facility shall be constructed in two
phases, the Initial Phase and the Final Scope of Work. Great Lakes and the Band
agree to proceed with the Design Phase and the Construction Phase of the Initial
Phase in accordance with Articles 4 and 5, and to equip the Initial Phase of the
Facility in accordance with Article 6. The intent of the parties is to take all
steps necessary in accordance with Articles 4 and 5 to permit the Band to
commence construction of the Initial Phase immediately upon the taking into
trust of the Gaming Site and receipt of NIGC Approval, and to complete
construction of the Initial Phase, equip the Initial Phase of the Facility and
commence Gaming as soon as reasonably practicable thereafter.

     Section 3.2. Final Scope of Work. No later than six months after the
Commencement Date, Great Lakes shall submit to the Band a proposed Preliminary
Development Budget, plans and specifications for the Final Scope of Work. Upon
approval of such budget, plans and specifications, Great Lakes and the Band
shall proceed in accordance with Articles 4, 5 and 6 to design, construct and
equip the Facility in accordance with the Final Scope of Work in a timely manner
so as to permit opening of the Facility expansion no later than two years after
the Commencement Date.

     Section 3.3. Modification of Final Scope of Work. Notwithstanding any
provision of this Article, the Final Scope of Work may be reduced as follows:
The Band and Great Lakes may at any time notify the other party that it believes
that unanticipated material adverse changes in local gaming market conditions
(not including changed economic conditions, whether locally or in the economy
generally) make construction of the Facility to the Final Scope of Work not
economically feasible. In that event both parties shall negotiate in good faith
to determine what adjustments, if any, in the Final Scope of Work are
appropriate in light of the changed local gaming market conditions; provided
that such adjustments shall not result in a Facility smaller than the Initial
Phase. The Band and Great Lakes shall mutually agree upon the final budget,
plans and specifications for the Final Scope of Work.

     Section 3.4. Bank Loans and Equipment Loans. Any references in Articles 4,
5 and 6 to the Bank Loan, the Equipment Loan or the Bank Closing shall refer to
such loans or closings as they pertain to the financing of the Initial Phase or
the expansion to the Final Scope of Work, as appropriate.

                                       17

<PAGE>

                                    ARTICLE 4
                                  DESIGN PHASE

     Section 4.1. Employment of Architect. Great Lakes shall recommend to the
Band a minimum of three duly licensed architects, who shall be familiar with the
design of gaming facilities, for interview by the Pokagon Council, and the Band
shall select an architect from the group or, if none of the first group is found
acceptable to the Band, groups recommended by Great Lakes. The Band shall employ
such architect (the "Architect") for the purpose of performing certain services
in connection with the design and construction of the Facility, including site
development. The Band's agreement with the Architect shall be in the form of a
contract (the "Design Agreement") approved by Great Lakes and the Pokagon
Council. The scope of the project contemplated by this Agreement (the "Project")
shall be stated and established in the Design Agreement and shall be subject to
the mutual approval of the parties, but shall incorporate at a minimum the
Initial Phase and the Final Scope of Work (subject to the provisions of Section
3.3). The scope of design shall not include, but the design shall facilitate,
the possibility of the Band later designing and constructing phased expansions
of the hotel, theme retail space, golf course and other amenities. The Design
Agreement shall also provide for and establish appropriate design packages
("Design Packages"), each pertaining to a discrete portion or phase of the
Project. The Design Agreement shall allow Great Lakes the right and
responsibility to supervise, direct, control and administer the duties,
activities and functions of the Architect and to efficiently carry out its
covenants and obligations under this Agreement; but the Design Agreement shall
provide that the Architect will consult closely with the Band and the Band's
advisers, and that all design elements shall be subject to review and approval
by the Band.

     Section 4.2. Design and Construction Budgets. Great Lakes, with the
assistance and input of the Architect and subject to the approval of the Pokagon
Council, shall establish a preliminary Development Budget (the "Preliminary
Development Budget") for designing, constructing, furnishing and equipping the
Facility and related costs and Development Expenditures. The Preliminary
Development Budget, as approved by the Pokagon Council and as it may be amended
with the approval of the Pokagon Council, is referred to as the "Approved
Development Budget." The Approved Development Budget shall reflect the Initial
Phase and, as to the expansion to include the Final Scope of Work, the Final
Scope of Work (subject to revision as provided in Section 3.3), as well as any
other planned phasing. Great Lakes may, after notice to and approval by the
Pokagon Council, revise the aggregate Approved Development Budget from time to
time as necessary or appropriate to reflect any unpredicted changes, variables
or events or to include additional and unanticipated Project costs. Great Lakes
may, at is sole discretion after notice to and approval by the Business Board,
reallocate part or all of the amount budgeted with respect to any line item to
another line item and to make such other modifications to the Approved
Development Budget as Great Lakes deems necessary or appropriate, provided that:
(i) the cumulative modifications of the Approved Development Budget for all
Design Packages shall not, without Great Lakes's prior approval and the Pokagon
Council's prior approval, exceed the aggregate Approved Development Budget, and
(ii) any modifications shall not otherwise conflict with the terms of this
Agreement. Approved

                                       18

<PAGE>

Development Budget adjustments which otherwise vary from the terms of the
Agreement, shall, in addition to requiring Great Lakes's approval, require the
approval of the Pokagon Council. The Band acknowledges that the Approved
Development Budget is intended only to be a reasonable estimate of Project
costs, subject, however, to the provisions of Section 5.8 with regard to cost
overruns.

     Section 4.3. Gaming Regulatory Authority Expenses. The Approved Development
Budget shall include such amounts as the Band determines, after consultation
with Great Lakes, are reasonable and necessary to assure that the GRA is able to
fulfill its regulatory role in a manner that does not slow the opening of the
Facility; provided that the cost of final preparation and approval of the Gaming
Ordinance shall not exceed $20,000.

     Section 4.4. [intentionally omitted].

     Section 4.5. Concept Design and Engineering. Great Lakes, after
consultation with the Business Board and the Architect, shall prepare for the
review and approval of the Pokagon Council, a statement of requirements for the
Facility, if any, including, but not limited to, planned phasing, if any, a
program of preliminary objectives, schedule requirements, design criteria,
including assumptions regarding HVAC demands, space requirements and
relationships, special equipment and site requirements.

     Section 4.6. Preliminary Program Evaluation. Great Lakes shall prepare for
review by the Business Board and approval of the Pokagon Council, a preliminary
evaluation of the proposed Project including, but not limited to, planned
phasing, if any, schedule, Development Budget requirements, and alternative
approaches to Project design and construction. Based upon the agreed-upon
schedule, Development Budget requirements and design, the Architect shall
prepare schematic design documents consisting of drawings and other documents
illustrating the scale and relationship of the Facility and any other Enterprise
components, as well as a preliminary estimate of Enterprise costs based upon the
proposed area, size and scope of the Enterprise.

     Section 4.7. Design Development. After review by the Business Board and
upon final approval of the schematic design documents by the Pokagon Council and
Great Lakes, the Architect shall prepare design development documents consisting
of drawings and other documents to fix and describe the size and character of
the Project as to architectural, structural, mechanical and electrical systems,
materials and such other elements and/or Design Packages as may be appropriate.
Further, the Architect shall advise Great Lakes with respect to, and update, any
Development Budget estimates. Great Lakes shall submit to the Pokagon Council,
for its review and approval, finalized versions of the design development
documents prepared by the Architect and agreed to by Great Lakes.

     Section 4.8. Plans and Specifications. Based upon the approved design
development documents and any further adjustments in the scope and quality of
the Project or in the Development Budget, the Architect shall prepare for
approval by Great Lakes and the Business Board construction documents consisting
of preliminary drawings and specifications setting forth the general
requirements for construction of the Project. The Architect shall proceed with
completion of detailed plans and specifications (the "Plans and Specifications")
as they relate to

                                       19

<PAGE>

construction of portions of the Facility in the order such portions are to be
completed or in the order required for sequential completion, and shall proceed
with completion of all Plans and Specifications as soon as reasonably possible
given construction scheduling and the intended progress of Project work. The
Architect shall advise the Business Board of any adjustments to previous
Development Budget estimates. The Plans and Specifications of the Initial Phase
shall be designed to accommodate the addition of further amenities, including
without limitation a hotel, expansion of the parking garage, and a
bingo/multi-purpose entertainment hall.

     As portions of the detailed Plans and Specifications are completed for
segments of the Project, the Architect shall be required to submit duplicate
copies of those portions of the Plans and Specifications to Great Lakes and to
the Business Board (for approval prior to release of such documents to
prospective bidders for bidding and prior to commencement of construction of
such portions) and to the Pokagon Council (for information).

     Section 4.9. Compliance with Construction Standards, Environmental Laws and
Regulations. The Facility shall be designed and constructed so as to adequately
protect the environment and the public health and safety and to comply with all
requirements of IGRA and the NIGC. The design, construction and maintenance of
the Facility shall, except to the extent a particular requirement or
requirements may be waived in writing by the Pokagon Council, meet or exceed all
reasonable minimum standards pertaining to the Band and national, State and
local building codes, fire codes and safety and traffic requirements (but
excluding planning, zoning and land use laws, ordinances, regulations and
requirements), which would be imposed on the Enterprise by existing State or
Federal statutes or regulations which would be applicable if the Facility were
located outside of the jurisdictional boundaries of the Band, even though those
requirements may not apply within the Band's jurisdictional boundaries. To the
extent that the Band has adopted or may in the future adopt more stringent
requirements, those requirements shall govern. Nothing in this subsection shall
grant to the State or any political subdivision thereof any jurisdiction
(including but not limited to, jurisdiction regarding zoning or Gaming Site use)
over the Facility or Enterprise or its development, management and operation.

     Section 4.10. Advance of Funds for Design Work, Long Lead Time Items and
Preliminary Site Work. Notwithstanding any lack of approval of the Management
Agreement or this Agreement by the NIGC, Great Lakes shall advance such funds
under the Lakes Development Loan as are reasonably necessary to proceed prior to
Bank Closing with site and facility planning, architectural renderings and
plans, including payments to the Architect pursuant to the Design Agreement,
engineering and environmental services, Development Soft Costs, working drawings
and construction contract bidding documents. Great Lakes has also advanced under
the Lakes Development Loan, notwithstanding lack of such approvals, such funds
(in the approximate amount of $4,500,000) as were reasonably necessary to order
long-lead-time items and to permit the Band to begin preliminary site work. All
amounts so advanced by Great Lakes prior to NIGC Approval and Bank Closing shall
be a part of the development cost of the Enterprise and shall be advanced under
the Lakes Development Note as part of the Lakes Development Loan.

                                    ARTICLE 5

                                       20

<PAGE>

                               CONSTRUCTION PHASE

     Section 5.1. Selection of Contractor or Construction Manager. Great Lakes
shall, in consultation with the Architect and the Business Board, initiate a
pre-bid selection process in order to pre-qualify prospective general
contractors and/or construction management in connection with the construction
of the Facility. Great Lakes shall submit the list of pre-qualified general
contractors and/or construction managers to the Pokagon Council, together with
Great Lakes's recommendations, for the Pokagon Council's review, comment and
approval. Special consideration shall be given in the selection of contractors
and/or construction managers to companies with a proven history of effective
employment of Native American and local subcontractors.

     Section 5.2. Vendor Preferences. In entering contracts for the supply of
goods and services for the Enterprise, including the selection of contractors
and/or construction managers, subcontractors and suppliers, Great Lakes shall
comply with the Band's Member Preference Program adopted on August 1, 2001, as
it may be amended, the provisions of Section 4 of the Local Agreement, and the
Labor Management Cooperation Agreement between Christman Kraus-Anderson, a joint
venture, and the Michigan State Building and Construction Trades Council and the
Southwest Michigan State Building and Construction Trades Council and Michigan
Regional Council of Carpenters dated May 14, 2002, as amended. Great Lakes shall
provide written notice to the Band in advance of all such contracting,
subcontracting and construction opportunities. The Band reserves the right to
require use of union labor on some or all contracts, subject to review with
Great Lakes of any related budgetary impact.

     Section 5.3. Proposal Review. Subsequent to the pre-qualification of
prospective contractors and/or construction managers, Great Lakes shall conduct
a review of responsive proposals for the construction of the Project, and Great
Lakes shall recommend to the Band a well-qualified construction manager,
contractor and/or contractors. The recommended contractor, contractors and/or
construction manager shall be subject to the approval of the Pokagon Council,
shall be properly licensed in the State of Michigan, and shall be capable of
furnishing a payment and performance bond satisfactory to the Business Board to
cover the construction for which the contractor, contractors and/or construction
manager may be retained.

     Section 5.4. Contracts. The Band shall enter into a construction management
agreement and/or construction contract or contracts (the "Construction
Documents") with the parties selected and approved in the form negotiated by
Great Lakes and approved by the Business Board for each Construction Document.
The Construction Documents shall provide that work shall begin only after NIGC
Approval, and the Construction Documents may provide that they shall be canceled
by either party if NIGC Approval has not occurred by a specified fixed calendar
date. The selected contractor, construction manager and/or other contracting
parties shall be compensated solely from the proceeds of the Lakes Development
Loan and the Bank Loan and/or the Lakes Facility Loan, if applicable, subject
to, and in accordance with the terms, conditions and provisions of the
Construction Documents and the respective Loan Agreements.

     Section 5.5. Construction Document Provisions. The Construction Documents
shall (i) require the successful construction manager or general contractor and
all contractors to be

                                       21

<PAGE>

responsible for providing all materials, equipment and labor necessary to
construct and equip the Project as necessary including site development; (ii)
shall include appropriate provisions assuring non-payment of Michigan sales and
use tax for goods and materials in the Project (to the extent said exemption is
available for the Project); and (iii) require said construction manager or
general contractor and all contractors to construct the Project in accordance
with the Plans and Specifications, including any changes or modifications
thereto approved by the Business Board. The Band agrees to indemnify Great Lakes
against loss or liability caused by any written direction by the Pokagon Council
not to collect or remit Michigan sales tax. The Construction Documents will
provide for insurance conforming to the applicable insurance requirements of the
Management Agreement, appropriate lien waivers, and for construction schedules
by which milestones, progress payments and late penalties, if any, may be
calculated.

     Section 5.6. Construction Administration. The Construction Documents shall
provide that Great Lakes shall be responsible for all construction
administration during the construction phase of the Project. Great Lakes shall
act as the Band's designated representative and shall have full power and
complete authority to act on behalf of the Band in connection with the
Construction Documents. To the extent allowed by the Design Agreement and the
Construction Documents, Great Lakes shall have control and charge of any persons
performing work on the Project site, and shall interpret and decide on matters
concerning the performance of any requirements of the Construction Documents.
Great Lakes shall have the authority to reject work which does not conform to
the Construction Documents. Great Lakes may conduct inspections to determine the
date or dates of substantial completion and the Completion Date. Great Lakes
shall observe and evaluate or authorize the observation and evaluation of
Project work performed, review or authorize review of applications for payment
for submission to the Band and review or authorize review and certification of
the amounts due the contractors and/or construction managers.

     Section 5.7. Construction Commencement and Completion. The Construction
Documents shall contain such provisions for the protection of the Band and Great
Lakes as the Band and Great Lakes shall deem appropriate; shall provide that the
construction of the Initial Phase of the Project shall commence on NIGC
Approval, following and subject to the granting of all approvals necessary to
commence construction; and shall also provide that any contractor shall exert
its best efforts to complete construction within such time as the Band and Great
Lakes agree following the commencement of construction. If the Band decides to
proceed with an expansion to the Final Scope of Work, Great Lakes and the Band
shall proceed in good faith with construction of a permanent Facility in
accordance with the Final Scope of Work, as modified under Section 3.3, with
such construction to be completed no later than two years after the Commencement
Date unless otherwise agreed by the Band, but subject to any delay caused by the
Band's approval process. All contractors shall, at a minimum, warrant their
respective portions of the work to be performed to be free of defects for at
least one year after the Completion Date of the Initial Phase and Final Scope of
Work, respectively.

     Section 5.8. Determination of Approved Construction Costs; Cost Overruns.
Promptly upon the Band's execution of the Construction Documents, the Architect
shall submit a final estimate of Construction Costs, which estimate shall be
subject to the reasonable approval of Great Lakes and the Pokagon Council. This
estimate of Construction Costs, as so approved, is referred to as "Approved
Construction Costs." Great Lakes shall pay, without repayment from

                                       22

<PAGE>

the Enterprise or recourse to the Band, Construction Costs of the Initial Phase
to the extent they exceed the lesser of (a) such Approved Construction Costs of
the Initial Phase (including the approved contingency reserve), as such costs
may change because of change orders approved by the Band and Great Lakes or
amendments to the Approved Development Budget approved by the Band and Great
Lakes, or (b) $197,000,000, or such other amount as the Pokagon Council and
Great Lakes may agree; in each case except insofar as such overruns are caused
by Force Majeure or by acts or omissions of the Band. Construction Costs do not
include amounts advanced under the Non-Gaming Acquisition Line of Credit or the
Transition Loan, and Great Lakes' liability for cost overruns under this
subsection shall be computed without regard to any amounts advanced by Lakes or
Great Lakes under such line of credit or loan.

                                    ARTICLE 6
                            FURNISHINGS AND EQUIPMENT

     Section 6.1. Selection of Furnishings and Equipment. Great Lakes shall
submit to the Business Board, for its review and approval, the specifications
for Furnishings and Equipment. Thereafter, Great Lakes shall select and procure
vendors for purchase by the Band of Furnishings and Equipment required to
operate the Enterprise in conformity with such specifications. The cost of
Furnishings and Equipment shall be financed through the Equipment Loan.
Alternatively, in the sole discretion of the Band, Great Lakes may arrange for
the procurement of Furnishings and Equipment on lease terms consistent with the
terms provided below as to the Equipment Loan, with such changes as may be
approved by the Business Board. Any commitments for the procurement of
Furnishings and Equipment shall, however, become binding on the Band only upon
later of (a) NIGC Approval or (b) the receipt by Band of a commitment for the
Equipment Loan consistent with the terms of this Agreement (or on such modified
terms as shall be agreed to by the Band).

                                    ARTICLE 7
                                      TERM

     Section 7.1. Term. This Agreement shall enter into and remain in full force
and effect from the date of execution hereof until, unless earlier terminated in
accordance with its terms, the later of:

               (a) seven (7) years from the Commencement Date, provided that if
          the Term of the Management Agreement is reduced to five (5) years
          pursuant to Section 3.2 of the Management Agreement, the term of this
          Agreement shall be five (5) years plus the period of development and
          construction, or such earlier date as the Management Agreement shall
          have been terminated in accordance with its terms; or

               (b) the date on which all obligations owed to Great Lakes by the
          Band pursuant to this Agreement and any related notes have been
          satisfied in full or otherwise discharged.

                                       23

<PAGE>

                                    ARTICLE 8
 PAYMENTS AND COMMITMENTS BY GREAT LAKES BEFORE APPROVAL OF MANAGEMENT AGREEMENT

     Section 8.1. Fees Payable By Great Lakes to the Band. Great Lakes will pay
the following fees and advances to the Band:

               (a) Initial Fee. Lakes has paid the Band a non-refundable fee of
          $150,000 on execution of Term Sheet, the receipt of which is hereby
          acknowledged by the Band. Such payment shall be for the account of
          Great Lakes.

               (b) Signing Fee. Lakes has paid the Band a non-refundable signing
          fee of $1,000,000 (the "Signing Fee"). The Band acknowledges receipt
          of the Signing Fee, which shall be for the account of Great Lakes. Use
          and disbursement of Signing Fee monies shall be at the sole discretion
          of the Band, and Great Lakes shall have no responsibility for such
          funds after receipt thereof by the Band.

               (c) Monthly Payments. Great Lakes advanced $125,000 to the Band
          (the "Monthly Payments") on or about August 31, 1999, and shall
          thereafter advance on the 15th day of each month, beginning on
          September 15, 1999, and continuing until the date on which one of the
          following, whichever is earlier, has occurred:

               (i) the Commencement Date; or

               (ii) this Agreement and the Management Agreement have been
               terminated in accordance with their terms, and all related
               payments have been made; or

               (iii) August 26, 2007.

     Use and disbursement of the Monthly Payments, once received by the Band,
shall be at the sole discretion of the Band, and Great Lakes shall have no
responsibility for such funds after receipt thereof by the Band. All Monthly
Payments shall constitute advances under the Transition Loan pursuant to Section
8.3 of this Agreement and shall be repayable as provided in that section.

     Section 8.2. Deposit into the Account. Upon execution of the Development
Agreement Lakes deposited $20,900,000 into the Account, subject to the Security
Agreement and the Control Agreement. Such deposit shall be for the account of
Great Lakes. Great Lakes shall also deposit such further sums from time to time
as shall be necessary to maintain a minimum balance in the Account of at least
$2,000,000 at all times prior to the Commencement

                                       24

<PAGE>

Date; provided that Great Lakes shall not be required to make aggregate deposits
that exceed the total amount of fees, loans and other payments to be made by it
to or for the account of the Band under this Agreement. The Account shall:

               (a) serve as collateral for liquidated or other damages payable
          to the Band as provided in the Agreements; and

               (b) serve as a funding mechanism as provided in the Control
          Agreement, at Great Lakes' option, for Great Lakes's obligation to
          make payments to the Band (other than the Scholarship Program Fee) and
          to make advances under the Lakes Development Loan and the Lakes
          Facility Loan.

     Great Lakes agrees to execute and deliver the Security Agreement, the
Control Agreement, and such financing statements and other instruments as the
Band requests to perfect this security interest. Nothing in this section shall
limit Great Lakes's obligations to make payments as required under this
Agreement or limit the Band's remedies in the event of Great Lakes's default.
Funds in the Account shall be invested in such manner as Great Lakes reasonably
deems prudent, provided that the investment vehicles are liquid and do not
include equities, swaps, derivatives, commodities, or speculative instruments.
Great Lakes shall inform the Band of the nature and terms of the financial
instruments in which the escrowed funds are invested. Income from the Account
shall be payable to Great Lakes prior to a Lakes Event of Default. After a Lakes
Event of Default, income shall be payable to the Band to the extent needed to
fund damages payable to the Band. Firstar shall be entitled to reasonable
compensation acceptable to the Band and Great Lakes and to reimbursement of
expenses, all of which shall be payable from the Account prior to a Lakes Event
of Default and, after such an Event of Default, by Great Lakes. Payments into
the Account shall not be deemed advances to the Band for purposes of accrual of
interest, and interest shall only accrue as to funds advanced by Great Lakes
through the Account upon disbursement from the Account.

     Section 8.3. Transition Loan. Great Lakes shall make a loan to the Band for
the purposes and as set forth in clause (c) of Section 8.1, upon the terms set
forth in the form of Transition Loan Note (the "Transition Loan"). Each advance
of funds to the Band by Great Lakes as part of the Transition Loan shall be
evidenced by the Transition Loan Note, duly authorized and executed by the Band.
All amounts advanced under the Transition Loan shall be repayable to Great Lakes
as Limited Recourse obligations of the Band; shall not accrue interest for the
first two years after execution of the Management Agreement; shall, after the
expiration of that two year period, bear interest at the Band Interest Rate, as
defined below; and shall be payable monthly in arrears, beginning on the 15th
day of the month after the Commencement Date, in 60 equal monthly payments of
principal and interest. If the Bank Closing does not occur, interest shall
accrue on amounts advanced under the Transition Loan at Wall Street Journal
prime plus 1%, not to exceed 10%.

     Section 8.4. Advances on Lakes Development Loan. Great Lakes will provide
the following funds to the Band prior to NIGC Approval and the Bank Closing as
advances on the Lakes Development Loan, to be repaid with interest in accordance
with the terms provided in Section 9.2.1:

                                       25

<PAGE>

               (a) Gaming Site Acquisition Funds. Lakes or Great Lakes have
          advanced funds to permit the Band to acquire the Gaming Site, pursuant
          to Section 2.2.

               (b) Site Planning, Design Development and other Preliminary
          Expenditures. Great Lakes shall advance funds reasonably necessary for
          the work described in Articles 3, 4 and 5 of this Agreement to be
          performed prior to NIGC Approval and the Bank Closing, pursuant to
          those Articles.

               (c) Advances to the Band for Gaming Ordinance. In order to enable
          the Band to fulfill its covenant set forth in Section 11.2(a) below to
          timely adopt a Gaming Ordinance and regulations (the "Gaming
          Ordinance"), Great Lakes shall advance to the Band prior to NIGC
          Approval the reasonable cost of preparation and approval of the Gaming
          Ordinance, not to exceed $20,000.

               (d) Advances to the Band for Development Soft Costs. Great Lakes
          shall advance funds reasonably necessary for Development Soft Costs.
          Such advances shall be in accordance with a budget to be prepared by
          the Band and submitted to Great Lakes for its reasonable approval, as
          such budget may be modified from time to time. Great Lakes and the
          Band shall consult periodically with regard to Development Soft Costs.

     Section 8.5. Non-Gaming Land Acquisition Line of Credit. Great Lakes will
provide advances to the Band under the Non-Gaming Land Acquisition Line of
Credit but prior to the Commencement Date as provided in Sections 2.6 and 2.6.1,
upon the terms set forth in the form of Non-Gaming Land Acquisition Line of
Credit attached hereto as Exhibit J (the "Non-Gaming Land Acquisition Line of
Credit"). Each advance of funds to the Band by Great Lakes as part of the
Non-Gaming Land Acquisition Line of Credit shall be evidenced by such Line of
Credit, duly authorized and executed by the Band and setting forth the
applicable terms of this Agreement. All such advances shall be repaid with
interest on the same terms as provided in Article 9 with regard to the Lakes
Development Loan, except that funds advanced under the Non-Gaming Land
Acquisition Line of Credit shall at Great Lakes' request, prior to transfer of
land into trust, be guaranteed by the Band Designee and secured by mortgages in
favor of Great Lakes on any Non-Gaming Lands acquired by the Band or the Band
Designee. The Non-Gaming Land Acquisition Line of Credit shall otherwise be
Limited Recourse. All land and options acquired through the Non-Gaming Land
Acquisition Line of Credit shall be acquired in the name of the Band or the Band
Designee.

                                    ARTICLE 9
 PAYMENTS AND COMMITMENTS BY GREAT LAKES AFTER APPROVAL OF MANAGEMENT AGREEMENT

     Section 9.1. Scholarship Program Fee. Upon NIGC Approval and transfer of
the Gaming Site into trust eligible for Gaming purposes, Great Lakes will pay
the Band a non-

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<PAGE>

refundable fee of $1,000,000 (the "Scholarship Program Fee") into an account
established and controlled by the Band. The ultimate use and disbursement of
these funds shall be at the sole discretion of the Band, and Great Lakes shall
have no responsibility for such funds after payment to the Band.

     Section 9.2. Development and Equipment Loans. Great Lakes shall make
available to the Band the Lakes Development Loan and, upon NIGC Approval and
transfer of the Gaming Site into trust for the Band, shall assist the Band in
obtaining the Bank Loan and the Equipment Loan; and, to the extent required
under Section 9.2.4, shall provide the Lakes Facility Loan. Such Loans shall be
in an aggregate amount sufficient to, and shall be used to, pay for all
Development Expenditures for both the Initial Phase and the Final Scope of Work,
provided that (a) the aggregate amount of Development Expenditures for the
Initial Phase shall not exceed $197,000,000, (b) the aggregate amount of
additional Development Expenditures for the Final Scope of Work shall not exceed
an additional $95,000,000, and (c) the Bank Loan and Equipment Loan to fund the
Final Scope of Work need not be obtained at the same time as such Loans are
obtained for the Initial Phase. The Loans shall be in the following amounts and
on the following terms, unless otherwise agreed by the Band:

          9.2.1. Lakes Development Loan.

               (a) Amount: $46,000,000 for the Initial Phase, comprised of (i)
          up to $11,000,000 for Gaming Site Acquisition Advances and (ii) the
          balance for Development Expenditures other than acquisition of the
          Gaming Site. Great Lakes shall not be required to provide additional
          funding or credit enhancements for the Initial Phase except as
          provided under Sections 5.8 and 9.2.4, and shall not be required to
          provide any funding for the Final Scope of Work.

               (i) All amounts paid by Great Lakes or Lakes under or in relation
               to any guarantees or credit enhancements provided by Great Lakes
               or Lakes at the request of the Band with respect to any
               Construction Documents ("Construction Guaranty Payments"), shall
               be deemed advances under the Lakes Development Loan and to the
               extent required the maximum cap of the Lakes Development Loan
               shall be increased by such amounts paid; provided that Great
               Lakes and Lakes agree that they shall not make any Construction
               Guarantee Payments unless (A) the obligee or beneficiary
               thereunder has demanded such payment, (B) Great Lakes or Lakes
               has provided the Band with written notice of such demand, and (C)
               the Band has not paid the amount demanded within thirty (30) days
               after the Band's receipt of such notice.

               (ii) Great Lakes shall prior to the Commencement Date, at the
               request of the Band, provide guarantees, credit enhancements or
               interest subsidies for any Construction Documents and/or with
               respect to any Loans and, as to Loans, post cash collateral
               therefor, subject to the following terms (in addition to any
               other applicable terms set forth in this Agreement):

                                       27

<PAGE>

                    (A) Reserves ("Guaranty Reserves") shall, unless waived in
                    writing by the Band and Great Lakes, be established under
                    the Lakes Development Loan at the time that Great Lakes or
                    Lakes provides such guarantees, credit enhancements or
                    interest subsidies, which reserves shall be in an amount
                    (the "Reserve Amount") equal to the lesser of (x) the
                    principal amounts of the commitments under any Construction
                    Documents or Loans, as applicable, for which Great Lakes or
                    Lakes provided such guaranties, credit enhancements or
                    interest subsidies, or (y) any contractual limitation or cap
                    on Lakes or Great Lakes' liability under such guaranties or
                    other credit enhancements, or the present value of any such
                    interest subsidy as of the closing on the Bank Loan or the
                    Equipment Loan, as applicable; PROVIDED HOWEVER, that (I)
                    the amount of any Guaranty Reserve shall be reduced by the
                    amount of cash collateral posted by Lakes or Great Lakes to
                    secure any 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, (II) the amount of any Guaranty Reserve and the amount
                    of any Reserve Amount shall be reduced to the extent that
                    the liability of Lakes or Great Lakes under the guaranty,
                    credit enhancement or interest subsidy for which the
                    Guaranty Reserve is established decreases and is not, under
                    the terms of the guaranteed or benefited obligation, subject
                    to increase, and shall be terminated when such guaranty,
                    credit enhancement or interest subsidy is released or
                    terminated; and (III) except with the prior written consent
                    of Great Lakes or Lakes, as applicable, or as otherwise
                    provided under Section 9.2.4, neither the amount of the
                    guaranty, credit enhancement or interest subsidy nor the
                    related Guaranty Reserve shall exceed the then Remaining
                    Loan Availability Amount. The term "Remaining Loan
                    Availability Amount" shall mean as of any date in question,
                    the amount equal to $46,000,000, less all then outstanding
                    advances on the Lakes Development Loan, and less the
                    aggregate Reserve Amount as of such date for all previously
                    granted guaranties, credit enhancements or interest
                    subsidies (regardless of whether a Guaranty Reserve was in
                    fact established therefor); and

                    (B) Except with the prior consent of Great Lakes, at no time
                    shall Lakes or Great Lakes be obligated to make advances
                    under the Lakes Development Loan to the extent that the same
                    would cause the sum of outstanding advances under the Lakes
                    Development Loan plus the outstanding Reserve Amount as of
                    the date of such advance for all guaranties, credit
                    enhancements or interest subsidies previously granted by
                    Lakes and Great Lakes (regardless of whether a Guaranty
                    Reserve was in fact established therefor) to exceed
                    $46,000,000 unless such advance will have the

                                       28

<PAGE>

                    effect of reducing dollar for dollar the outstanding
                    obligation of Lakes or Great Lakes under any applicable
                    guaranty, credit enhancement or interest subsidy.

                    (C) Great Lakes, Lakes and the Band agree that no Guaranty
                    Reserves have been established as of the date hereof and
                    that no guaranty, credit enhancement or interest subsidy of
                    Lakes or Great Lakes is currently outstanding (other than
                    under the Road Service Agreement, which the parties intend
                    to terminate and shall not require any Guaranty Reserve).

                    (D) Any funds advanced by Lakes or Great Lakes under the
                    Lakes Development Loan or the Lakes Facility Loan to provide
                    cash collateral for a guarantee, credit enhancement or
                    interest subsidy of Lakes or Great Lakes shall, if released
                    on or prior to the Commencement Date, be used to pay
                    Development Expenditures and, if released after the
                    Commencement Date, shall be used at the Band's option to pay
                    Development Expenditures or to repay Loans.

               (b) Term: Seven (7) year term, plus the period of development and
          construction; provided that if the Term of the Management Agreement is
          reduced to five (5) years pursuant to Section 3.2 of the Management
          Agreement, the term of the Lakes Development Loan shall be five (5)
          years plus the period of development and construction.

               (c) Interest and amortization.

               (i) Interest at the Band Interest Rate shall accrue from date of
               advance until the Commencement Date; thereafter the Lakes
               Development Loan shall be payable as follows: monthly in arrears,
               beginning on the 15th day of the month after the month in which
               the Commencement Date occurs, in equal monthly payments of
               principal and interest for (a), if the term of the Lakes
               Development Loan is seven (7) years, the successive 84 months of
               the term; or (b) if the term of the Lakes Development Loan is
               five (5) years, in the successive 60 months of the term.

               (ii) If the Bank Closing does not occur, interest shall accrue on
               amounts advanced under the Lakes Development Loan at Wall Street
               Journal prime plus 1%, not to exceed 10%.

               (d) Repayment of the Lakes Development Loan shall be subordinated
          to the Bank Loan, the Equipment Loan, as well as to any other
          third-party loans or equipment leases necessary for the construction
          and equipping of the Facility as contemplated by Articles Three and
          Four of this Agreement. Great Lakes agrees to execute and deliver
          subordination agreements evidencing such subordination in

                                       29

<PAGE>

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

               (e) The Band shall be entitled to draw on the Lakes Development
          Loan prior to NIGC Approval as provided in Sections 4.10 and 8.4, and
          thereafter the balance of the Lakes Development Loan upon NIGC
          Approval. Advances under the Lakes Development Loan may be made
          through the Account or otherwise at the written request of the Band.

               (f) Principal may be prepaid at any time without penalty.

               (g) Each advance of funds to the Band by Great Lakes under the
          Lakes Development Loan shall be made under a promissory note in the
          form of Lakes Development Note, duly authorized and executed by the
          Band.

               (h) All disbursements under the Lakes Development Loan shall be
          made (i) through the Enterprise Account and the Disbursement Account
          or (ii) pursuant to the Band's written direction to Great Lakes,
          unless otherwise agreed by Great Lakes and the Band in writing, and
          shall be on account of Development Expenditures in accordance with the
          Approved Development Budget, unless otherwise approved by the Business
          Board. Great Lakes shall provide the Band with a monthly accounting of
          all such disbursements, which accounting shall include a certification
          by Great Lakes that the disbursements shown on the accounting were for
          Development Expenditures in accordance with the Approved Development
          Budget, were for Development Soft Costs, or were otherwise approved by
          an attached vote of the Business Board.

               (i) (intentionally omitted)

               (j) The obligations of the Band to Great Lakes under the Lakes
          Development Note, the Lakes Facility Note, the Lakes Working Capital
          Advance Note, the Minimum Payments Note (subject to the limitations
          set forth in Section 5.6.2 of the Management Agreement), the
          Non-Gaming Land Acquisition Line of Credit and the Transition Loan,
          and under any other Transaction Documents and, under the Management
          Agreement, for Management Fees, shall be secured by a security
          interest in (I) the Dominion Account pursuant to the Dominion
          Agreement, (II) pursuant to the Lakes Security Agreement, Furnishings
          and Equipment to the extent that the proceeds of the Lakes Facility
          Note or the Lakes Development Note are used to acquire Furnishings and
          Equipment (the "Lakes FF & E"); and (III) pursuant to the Lakes
          Security Agreement, Furnishings and Equipment (or the Band's leasehold
          interest therein) that is not financed by Great Lakes through the
          Lakes Facility Note (the "Other FF&E"). Great Lake's security interest
          in the Dominion Account and Furnishings and Equipment shall be subject
          to the following terms and conditions:

                                       30

<PAGE>

               (i) Great Lakes may block payment to the Band of Monthly
               Distribution Payments and may foreclose on its security interest
               on the Dominion Account and on its security interest in any
               Furnishings and Equipment only on the occurrence of a Band Event
               of Default under the Development Agreement or the Management
               Agreement, if such default is not cured within any applicable
               cure period and, if arbitration is timely demanded, after entry
               of an arbitrator's award finding a Band Event of Default has
               occurred. Great Lakes must comply with applicable law with regard
               to taking possession of, and foreclosure on, Furnishings and
               Equipment, including without limitation any legal requirements
               relating to the possession or sale of gaming equipment.

               (ii) Great Lake's security interest in the Dominion Account, the
               Lakes FF&E, the Other FF&E and any other collateral of Great
               Lakes at or related to the Facility shall be senior to all other
               liens thereon, except that it shall be subordinate to any
               security interests granted to the Bank Lender and the Equipment
               Lender, and, as to the Dominion Account, shall be further subject
               to payment of the claims and expenses described in Section 4.19.6
               of the Management Agreement. Great Lakes shall promptly execute
               and deliver subordination agreements pertaining to the Dominion
               Agreement, the Lakes FF&E, the Other FF&E and any other
               collateral of Great Lakes at or related to the Facility with
               regard to any Bank Lender or Equipment Lender, which agreements
               shall contain provisions reasonably acceptable to Great Lakes and
               such lenders.

               (iii) The Dominion Agreement and the Lakes Security Agreement
               shall be amended at the Band's request (i) to conform with
               requests of the Bank Lender and the Equipment Lender, to the
               extent needed to obtain the Bank Loan or the Equipment Loan, and
               (ii) to the extent reasonably necessary to provide for
               subordinate security interests for loans for the benefit of the
               Enterprise as provided in Section 9.2.5(b) below.

               (iv) The Dominion Agreement shall terminate as to Great Lakes,
               without prejudice to the Bank Lender, the Equipment Lender, or
               any other party that may have joined in, or be benefited by,
               those agreements, and Great Lake's security interest in the
               Dominion Account shall be discharged, and Great Lakes shall
               discharge and terminate its security interest in the Furnishings
               and Equipment, on termination of this Agreement pursuant to
               Sections 13.1, 13.2 (except as otherwise provided in Section 14.4
               hereof), 13.4 (prior to the Commencement Date), 13.5, or 13.6
               hereof, or of the Management Agreement pursuant to Sections 12.1,
               12.2 (except as otherwise provided in Section 13.4 thereof), 12.4
               (prior to the Commencement Date), 12.5, 12.6 (prior to the
               Commencement Date) or 12.7 thereof. On a termination under
               Sections 13.4 (after the Commencement Date) or 13.7 of the
               Development Agreement or Sections 12.4 (after the Commencement
               Date), 12.6 or 12.8 of the Management Agreement after

                                       31

<PAGE>

               the Commencement Date, such security interest shall remain in
               effect until amounts due Great Lakes have been paid in accordance
               with the Agreements, and shall thereafter be promptly discharged;
               provided that (A) Great Lakes' right to payment and security
               interest in the Dominion Account after such termination under or
               pursuant to the Agreements shall continue to be subordinate to
               payment of claims and expenses described in Section 4.19.6 of the
               Management Agreement, and shall in addition be subordinate to (I)
               fees or other amounts due to any manager of the Enterprise, (II)
               any amounts due to lenders or lessors under loans for the benefit
               of the Enterprise, whether existing as of the termination or made
               thereafter, including without limitation the Bank Loan and the
               Equipment Loan, and (III) absent an Event of Default (as defined
               in the Transaction Documents, excluding the Development Agreement
               and the Management Agreement) under the obligations of the Band
               to Great Lakes (other than obligations under the Agreements which
               do not expressly survive their termination) which is not timely
               cured, Monthly Distribution Payments to the Band; (B) Great Lakes
               agrees to permit the prompt release and transfer of proceeds from
               the Dominion Account to or for the account of the Band to the
               extent necessary to pay such senior claims in accordance with
               their terms, and to pay such Monthly Distribution Payments, and
               Great Lakes agrees to cooperate with the Band and any replacement
               manager in that regard to maintain the going concern value of the
               Enterprise; and (C) the Band and any replacement manager may make
               deposits in, and withdrawals from, the Enterprise Accounts and
               Disbursement Accounts, after funds are transferred from the
               Dominion Account into such accounts, free of any interest of
               Great Lakes. Great Lakes shall promptly execute and deliver
               subordination agreements pertaining to the Dominion Agreement and
               the Lakes Security Agreement with regard to any such manager,
               lender or lessor, which agreements shall contain provisions
               reasonably acceptable to Great Lakes and the manager, lenders or
               lessors.

               (v) Nothing in the Dominion Agreement or the Lakes Security
               Agreement shall alter the damages due Great Lakes (A) on a Band
               Event of Default, which shall continue to be controlled by
               Article 14 of this Agreement and Article 13 of the Management
               Agreement, and the amount which Great Lakes is entitled to obtain
               on foreclosure on the Dominion Account or the Lakes Security
               Agreement shall be controlled by those Articles; or (B) under any
               other provision of the Agreements or any related agreement. Upon
               payment in full of all amounts due Great Lakes under the
               Agreements, the Lakes Development Note, the Lakes Working Capital
               Advance Note, the Lakes Facility Note, the Non-Gaming Acquisition
               Line of Credit and the Transition Loan, Great Lakes shall
               promptly terminate the Dominion Agreement and the Lakes Security
               Agreement and release any related security interests.

                                       32

<PAGE>

               (vi) The Band shall execute and deliver the Lakes Security
               Agreement on the date of this Agreement and the Dominion Account
               Agreement (together with any additional resolutions of the Band
               and/or the Pokagon Council as may be legally required to
               authorize the Band to execute, deliver and perform such
               Agreement) on or before the Commencement Date.

          9.2.2. Bank Loan.

               (a) Amount:

               (i) For the Initial Phase, an amount of approximately
               $125,000,000 which, when added to the Lakes Development Loan and
               the Equipment Loan, will finance all Development Expenditures for
               the Initial Phase, plus, at Great Lakes' discretion, such amount
               to refinance all or portions of the Lakes Development Loan as may
               be permitted under the definition of "Bank Loan Agreement;"

               (ii) For the expansion of the Facility to the Final Scope of
               Work, an additional amount of approximately $76,000,000, which
               will, when added to the additional Equipment Loan for the Final
               Scope of Work, finance all Development Expenditures associated
               with such expansion; provided that the principal amount of such
               additional loan, capital lease and/or indenture, when added to
               the additional Equipment Loan for that expansion, shall not
               exceed $95,000,000.

               (b) Term: For the Initial Phase and Final Scope of Work: As to
          each not less than seven (7) years, and amortized (including both
          principal payments and payments into a sinking fund) no more rapidly
          than in equal monthly installments of principal and interest; or, if
          the Band is unable to obtain the Bank Loan on such terms, with a term
          reasonably acceptable to the Band and Great Lakes.

               (c) Guaranty: Great Lakes shall not be required to provide its
          guarantee of the Bank Loan or any other credit enhancements, except as
          provided in Section 9.2.4 with regard to the Lakes Facility Loan.

               (d) Assignment: The loan commitment or undertaking shall not be
          assignable by either Great Lakes or the Band without the written
          consent of both parties.

               (e) (intentionally omitted)

               (f) Assistance: Great Lakes shall proceed promptly and with due
          diligence after NIGC Approval to assist the Band in obtaining a bank
          commitment or firm underwriting commitment for the Bank Loan as
          provided in Section 9.2.5(g), and in closing on the Bank Loan promptly
          after obtaining such commitment.

                                       33

<PAGE>

          9.2.3. Equipment Loan.

               (a) The Equipment Loan for the Initial Phase shall be in an
          amount of approximately $26,000,000.. The Equipment Loan for the
          expansion to the Final Scope of Work shall be an additional amount of
          approximately $19,000,000, necessary to equip the Facility to the
          Final Scope of Work, provided that the principal amount of such
          Equipment Loan, when added to the additional Bank Loan for such
          expansion, shall not exceed $97,000,000. Interest shall accrue on the
          amount advanced for the Initial Phase until the Commencement Date;
          thereafter such advance shall be repayable monthly in arrears,
          beginning on the 15th day of the month after the month in which the
          Commencement Date occurs, in equal monthly payments of principal and
          interest for the successive 48 months of the term. The amount advanced
          to equip the expansion to the Final Scope of Work shall be repaid in
          equal monthly payments of principal and interest for the successive 48
          months after Completion Date of such expansion, beginning 15 days
          after such Completion Date; or on such other terms as the Band may
          reasonably approve.

               (b) Security: Purchase money security interest in Furnishings and
          Equipment purchased with the loan proceeds.

               (c) Guaranty: Great Lakes shall not be required to provide its
          guarantee or any other credit enhancement of the Equipment Loan,
          except as provided in Section 9.2.4 with regard to the Lakes Facility
          Loan.

               (d) Assignment: The loan commitment shall not be assignable by
          either Great Lakes or the Band without the written consent of both
          parties.

               (e) (intentionally omitted)

               (f) Lease: At the Band's option the Equipment Loan may be
          structured into an equivalent equipment lease.

               (g) Assistance: Great Lakes shall proceed promptly and with due
          diligence after NIGC Approval to assist the Band in obtaining a
          commitment for the Equipment Loan as provided in Section 9.2.5(f), and
          in closing on the Equipment Loan promptly after obtaining such
          commitment.

          9.2.4. Lakes Facility Loan.

               (a) Loan Amount:

               (i) If the Band, with Great Lakes' assistance, is unable to
               obtain, no later than the earlier of (A) 90 days after the later
               of NIGC Approval or transfer of the Gaming Site into trust, or
               (B) after receiving NIGC Approval and transfer of the Gaming Site
               into trust, the date by which additional funding

                                       34

<PAGE>

               is needed to keep development and construction of the Initial
               Phase on schedule without slowdown or abatement (unless otherwise
               agreed by the Band), a bank commitment or firm underwriting
               commitment to provide the Bank Loan and the Equipment Loan on the
               terms set forth in this Agreement at an interest rate equal to or
               less than 13% per annum in an aggregate amount of not less than
               $151,000,000 for the Initial Phase, Great Lakes agrees that it
               will, at its option but to the extent needed to fund the 151MM
               Shortfall, (I) loan the Band the difference between $151,000,000
               and the aggregate amount of such commitments which the Band is
               able to obtain on such terms, but not more than $54,000,000, at a
               13% interest rate and otherwise on the same terms and conditions
               as provided in this Agreement with regard to the Lakes
               Development Loan; (II) provide its guaranty or other credit
               enhancement to a third party providing such a loan on such terms;
               or (III) subsidize the interest payable by the Band on such a
               loan from a third party on such terms, to the extent it exceeds
               13%.

               (ii) To the extent that Great Lakes is unable to obtain third
               party financing for the 151MM Shortfall on such terms through
               guarantees, credit enhancements or interest subsidies, it shall
               provide a direct loan to the Band on such terms.

               (iii) In no event shall the loan which Great Lakes is obligated
               to make, obtain or subsidize under this subsection exceed
               $54,000,000.

               (iv) If the Lakes Facility Loan is made by a third party lender
               through guarantees, credit enhancements or interest subsidies of
               Great Lakes, all references to Great Lakes in this Agreement
               relating to the Lakes Facility Loan and the Lakes Facility Note
               shall be deemed to include references to such third-party lender
               for the purposes of such loan and such note.

               (b) Term: The Lakes Facility Loan shall have the same term as the
          Lakes Development Loan.

               (c) Interest and amortization: Interest shall accrue at the rate
          of 13%. The amortization of the Lakes Facility Loan shall be the same
          as on the Lakes Development Loan.

               (d) Subordination: Repayment of the Lakes Facility Loan shall be
          subordinated to the same extent as the Lakes Development Loan. Great
          Lakes agrees to execute and deliver subordination agreements
          evidencing such subordination in form reasonably acceptable to Great
          Lakes and the Bank Lender, the Equipment Lender, or, as to other
          third-party lenders or equipment lessors, as required by this
          Agreement.

                                       35

<PAGE>

               (e) Advances: Advances under the Lakes Facility Loan may be made
          through the Account or otherwise at the written request of the Band.

               (f) Prepayment: Principal may be prepaid at any time without
          penalty.

               (g) Promissory Note: Each advance of funds to the Band by Great
          Lakes under the Lakes Facility Loan shall be made under a promissory
          note in the form of Lakes Facility Note, duly authorized and executed
          by the Band.

               (h) Disbursements: All disbursements under the Lakes Facility
          Loan shall be made (A) through the Enterprise Account and the
          Disbursement Account or (B) pursuant to the Band's written direction
          to Great Lakes, unless otherwise agreed by Great Lakes and the Band in
          writing, and shall be on account of Development Expenditures in
          accordance with the Approved Development Budget, unless otherwise
          approved by the Business Board.

               (i) Security: The obligations of the Band to Great Lakes under
          the Lakes Facility Loan shall be secured to the extent provided in
          Section 9.2.1(j).

          9.2.5. Terms Applicable to all Loans.

               (a) (intentionally omitted)

               (b) Limited Recourse: Loan repayments shall be solely out of
          revenues of the Enterprise and shall be a Limited Recourse obligation
          of the Band. The Band agrees not to encumber any of the assets of the
          Facility or the Enterprise without the written consent of Great Lakes
          and the holder of the Bank Loan, which consent will not be
          unreasonably withheld; except that the Band shall have the right
          without the consent of Great Lakes and such holder to grant
          subordinate security interests in Enterprise revenues, as well as
          first priority purchase money security interests in any Enterprise
          assets purchased with proceeds of such loan (other than Furnishings
          and Equipment purchased with the proceeds of the Equipment Loan, the
          Lakes Development Loan or the Lakes Facility Loan), but in each case
          only if such security interests are granted to secure loans made for
          the benefit of the Enterprise. The Band shall not lease the Facility
          or grant a leasehold mortgage on the Facility without Great Lakes'
          consent.

               (c) Limited Waiver. The Band shall enter into a limited,
          transactional waiver of sovereign immunity and consent to jurisdiction
          and arbitration as to the holder of the Bank Note and the Equipment
          Note as provided in Sections 14.1 and 14.2 as to Great Lakes.
          Governing law shall be Michigan law unless the Band otherwise agrees.

               (d) Other Terms. All other terms are subject to the Band's
          approval, which approval shall not be unreasonably withheld.

                                       36

<PAGE>

               (e) Selection of Lenders, etc. The selection of the lenders
          making the Bank Loan, the Equipment Loan and all other loans or leases
          relating to the Enterprise, and of all underwriters and professionals
          relating to any such transaction, shall be subject to the Band's
          reasonable approval.

               (f) Loan Commitments - Equipment Loan.

               (i.) Promptly and with due diligence after NIGC Approval and
               transfer of the Gaming Site into trust, but in no event later
               than 90 days after the later of NIGC Approval or transfer of the
               Gaming Site into trust (unless otherwise agreed by the Band),
               Great Lakes shall (A) deliver to the Band a proposed commitment
               from a lender with regard to the Equipment Loan for the Initial
               Phase, the terms of which shall be consistent with this Agreement
               and otherwise reasonably acceptable to the Band, and (B) increase
               the amount of the Escrow Account to $46,000,000 (less amounts
               previously advanced under the Lakes Development Loan).

               (ii.) After the Commencement Date and at such time as will permit
               completion of the Final Scope of Work in accordance with this
               Agreement, Great Lakes shall deliver to the Band a proposed
               commitment from an Equipment Lender with regard to the Equipment
               Loan for the expansion of the Facility to the Final Scope of
               Work, the terms of which shall be consistent with this Agreement
               and otherwise reasonably acceptable to the Band.

               (g) Loan Commitments - Bank Loan.

               (i.) Promptly and with due diligence after NIGC Approval and
               transfer of the Gaming Site into trust, but in no event later
               than 90 days after the later of NIGC Approval or transfer of the
               Gaming Site into trust (unless otherwise agreed by the Band),
               Great Lakes shall deliver to the Band a proposed commitment or
               other firm undertaking from a lender or underwriter with regard
               to the Bank Loan for the Initial Phase, the terms of which shall
               be consistent with this Agreement and otherwise reasonably
               acceptable to the Band.

               (ii.) After the Commencement Date and at such time as will permit
               completion of the Final Scope of Work in accordance with this
               Agreement, Great Lakes shall deliver to the Band a proposed
               commitment from a Lender with regard to the Bank Loan for the
               expansion of the Facility to the Final Scope of Work, the terms
               of which shall be consistent with this Agreement and otherwise
               reasonably acceptable to the Band.

               (h) (intentionally omitted)

                                       37

<PAGE>

               (i) Refinancing - Band. The Band may seek to refinance any Loan.
          Great Lakes agrees to cooperate with that refinancing, provided that
          (i) all costs and expenses of the refinancing shall, to the extent
          that interest expense is reduced by the refinancing, be an Operating
          Expense of the Facility, and shall otherwise be either borne by the
          Band or funded through the refinancing; and (ii) Great Lakes is not
          required to guarantee any new loan facilities. Interest on any new
          facility shall be an Operating Expense of the Facility.

               (j) Refinancing - Great Lakes. Great Lakes may, at or after the
          closing on the Bank Loan, seek to refinance the Lakes Development Loan
          and any other Loan that is made by a third party lender with a
          guarantee, other credit enhancement or interest subsidy provided by
          Lakes or Great Lakes; and may, after the closing on the Bank Loan,
          seek to refinance the Lakes Facility Loan. The Band agrees to
          cooperate with that refinancing, provided that (i) all costs and
          expenses of the refinancing (unless closed at the time of the Bank
          Loan) are borne by Great Lakes, (ii) the terms of the refinancing are
          in all respects no less favorable to the Band than provided in this
          Agreement or (to the extent more favorable than this Agreement) under
          the loan documentation of the obligation being refinanced (including,
          without limitation, interest rate, amortization, and recourse),
          without regard to any guaranty, other credit enhancement or interest
          subsidy provided by Great Lakes, and are otherwise reasonably
          acceptable to the Band; and (iii) the refinanced debt shall not be
          payable on termination of the Agreements with Great Lakes, provided
          that management of the Enterprise after such termination shall be
          reasonably acceptable to the lender.

               (k) Great Lakes Guarantees. The Band consents to the grant by
          Lakes and Great Lakes of other guarantees pari passu to third parties,
          provided that such other guarantees do not and shall not materially
          impair Lakes's or Great Lakes' ability to perform their respective
          obligations under the Guaranty or the Agreements, or under any
          instruments or agreements executed in connection therewith.

               (l) Increase Loan Amounts. The amount of Loans may be increased
          by agreement of Great Lakes and the Band to the extent that the
          Approved Development Budget exceeds the funds available under the
          Loans as provided above.

               (m) NIGC Approval; Tribal UCC. Great Lakes's obligation to
          advance funds under the Lakes Development Loan (except as provided in
          Sections 4.10 and 8.4) and the Lakes Facility Loan, and to procure and
          close on the Bank Loan and the Equipment Loan, are conditioned upon
          (i) NIGC Approval and (ii) the Band's adoption of a Tribal Uniform
          Commercial Code (the "Tribal UCC") that shall be substantially
          similar, as to secured transactions, to Articles 1, 2, 8 and 9 of the
          Uniform Commercial Code adopted by the State of Michigan (with the
          exclusion of any provisions that would otherwise make such Code
          inapplicable to secured transactions involving the Band or any of its
          affiliates); provided that the Tribal

                                       38

<PAGE>

          UCC may, at the Band's option, be limited in its application to the
          Loans, the transactions contemplated by the Transaction Documents and
          other transactions relating to the Enterprise. Nothing in this
          subsection affects or impairs Great Lakes's liability for damages in
          the event of NIGC Disapproval.

               (n) Subrogation. The Band recognizes that if Lakes or Great Lakes
          guarantees the Bank Loan or the Equipment Loan and pays in full either
          loan pursuant to its guarantee, Lakes or Great Lakes shall be
          subrogated to the liens, rights and remedies of the lender of the loan
          so paid.

                                   ARTICLE 10
                          EXCLUSIVITY; NON-COMPETITION

     Section 10.1. Exclusivity Regarding Facility. During the term of this
Agreement, Great Lakes shall have an exclusive relationship with the Band
regarding the development of the Facility.

     Section 10.2. Exclusivity in Michigan. The Band shall deal exclusively with
Great Lakes 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.

     Section 10.3. Indiana Casino. Great Lakes and Lakes recognize that the Band
intends to develop a casino in Indiana, and that the Band shall have no
obligations to Great Lakes 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 Great Lakes 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 Great Lakes shall be implied from this undertaking, and
the Band shall retain full and absolute discretion in that regard.

     Section 10.4. Non-Competition. Lakes and Great 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 Lyle Berman as director or employee (without
management responsibility) of such entities, or (ii) any stock ownership of
Lakes or Great 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.

     Section 10.5. Assignment; Change of Control.

                                       39

<PAGE>

               (a) Great Lakes may not assign its rights under this Agreement
          without the Band's prior written consent, except that Great Lakes may
          assign its rights under such Agreement, but not its obligations, to a
          wholly owned subsidiary of Lakes. No such assignment shall affect or
          impair the obligations of Lakes under the Guaranty.

               (b) The Band may not assign its rights under this Agreement;
          except that the Band may, without the consent of Great Lakes, 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 Great Lakes or the holder of
          such obligation.

               (c) The Band shall be entitled to terminate the Agreements if
          Lakes or Great 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 Lakes or Great Lakes or any third
          party in the event of such termination, and such obligations shall
          remain payable in accordance with their payment terms. Lakes and Great
          Lakes each 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 Lakes's or
          Great Lakes' knowledge of any event described in 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 Lakes or Great
          Lakes with, or acquisition of all or substantially all of the assets
          of Lakes or Great Lakes by, any other entity, except that (A) Great
          Lakes may merge with any other entity wholly owned by Lakes if the
          surviving entity assumes the obligations of Great Lakes 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 Lakes 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-1;
          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-1, if a majority
          of the Board of Directors of Lakes

                                       40

<PAGE>

          is replaced within two years after such acquisition by directors not
          nominated and approved by the Board of Directors.

     Section 10.6. Restrictions on Collateral Development. Lakes and Great Lakes
each agree that for five years after execution of the Agreements or the Term of
the Agreements, whichever is greater, neither Lakes, Great Lakes nor any of
their 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.

                                   ARTICLE 11
                   REPRESENTATIONS, WARRANTIES, AND COVENANTS

     Section 11.1. Representations and Warranties of the Band. The Band
represents and warrants to Great Lakes as follows:

               (a) The Band's execution, delivery and performance of this
          Agreement, the Lakes Development Note, the Transition Loan Note, the
          Lakes Working Capital Advance Note, the Minimum Payments Note, the
          Lakes Facility Note, the Non-Gaming Acquisition Line of Credit, the
          Control Agreement, the Lakes Security 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.

               (b) This Agreement, the Lakes Development Note, the Transition
          Loan Note, the Lakes Facility Note, the Lakes Working Capital Advance
          Note, the Minimum Payments Note, the Non-Gaming Acquisition Line of
          Credit, the Control Agreement, the Lakes Security Agreement and all
          other instruments and agreements executed in connection with this
          Agreement have been properly executed, and once approved in accordance
          with Legal Requirements constitute the Band's legal, valid and binding
          obligations, enforceable against the Band in accordance with their
          terms.

               (c) 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 L.

     Section 11.2. Band Covenants. The Band covenants and agrees as follows:

               (a) Promptly after the execution of this Agreement it will take
          the steps necessary to adopt and will adopt the Gaming Ordinance. The
          Gaming Ordinance will meet the requirements of IGRA and the applicable
          regulations under IGRA and be consistent with the provisions of this
          Agreement and the Management Agreement, and not adversely affect the
          rights of Great Lakes

                                       41

<PAGE>

          hereunder and thereunder. After adoption of the Gaming Ordinance the
          Band will establish a governmental authority to regulate gaming at the
          Gaming Site ("the Gaming Regulatory Authority" or "GRA"). The Band
          agrees to consult with Great Lakes concerning the terms of the Gaming
          Ordinance and any regulations adopted thereunder, but the final
          decision on those matters is in the Band's sole discretion.

               (b) After NIGC Approval the Band shall enter into the Bank Loan
          Agreement and the Equipment Loan Agreement and execute the Bank Note
          and the Equipment Note and related closing documentation, all subject
          to the terms provided in this Agreement and Great Lakes's performance
          of its obligations under this Agreement.

               (c) During the term of this Agreement and the Management
          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.

               (d) The Band will waive sovereign immunity on the limited basis
          described in Article 14 with respect to the Loans, the Transition Loan
          and the Non-Gaming Land Acquisition Line of Credit.

               (e) This Agreement, the Management Agreement, the Lakes
          Development Note, the Transition Loan Note, the Lakes Facility Note,
          the Lakes Working Capital Advance Note, the Minimum Payments Note, the
          Non-Gaming Acquisition Line of Credit, the Control Agreement and the
          Security Agreement, and each other contract contemplated by this
          Agreement shall, once approved in accordance with Legal Requirements,
          be enforceable in accordance with their terms.

               (f) In its performance of this Agreement, the Band shall comply
          with all Legal Requirements.

               (g) The Band will not impose taxes on the revenues of the
          Facility or the management fee payable to Great Lakes, but reserves
          the right to otherwise impose usual and customary taxes and fees on
          transactions at or in connection with the Facility or on the
          Facility's employees, officers, directors, vendors and patrons. The
          Band shall be specifically permitted to impose (i) 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

                                       42

<PAGE>

          health, safety or welfare, or the integrity of Tribal gaming
          operations, and (ii) other taxes, charges, assessments or fees imposed
          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.

               (h) The Band shall not 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 Great Lakes.

               (i) Notwithstanding the foregoing, a breach of this subsection
          11.2 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.

     Section 11.3. Representations and Warranties of Lakes and Great Lakes.
Lakes and Great Lakes each represent and warrant to the Band as follows:

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

               (b) Each of this Agreement and all other instruments and
          agreements executed in connection with this Agreement has been
          properly executed and constitutes Lakes' and Great Lakes' respective
          legal, valid and binding obligation, enforceable against Lakes and
          Great Lakes in accordance with their terms to the extent they are
          parties thereto.

               (c) There are no actions, suits or proceedings pending or
          threatened against or affecting Lakes or Great Lakes before any court
          or governmental agency that would in any material way affect Lakes' or
          Great 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. Lakes
          and Great Lakes each warrant that no litigation so disclosed in any
          material way affects or will affect Lakes' or Great Lakes' ability to
          perform under the Agreements and the Guaranty.

                                       43

<PAGE>

     Section 11.4. Covenants of Lakes and Great Lakes. Lakes and Great Lakes
each covenant and agree as follows:

               (a) Lakes and Great Lakes shall comply with all Legal
          Requirements in its performance of the Agreements and the Guaranty, to
          the extent they are parties thereto.

               (b) Great Lakes has and at all times during the Term shall have
          the financial capacity to pay to the Band all fees and payments and to
          make all advances and loans described in this Agreement.

               (c) Lakes and Great Lakes shall not 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.

               (d) Lakes' and Great Lakes' Internal Expenses shall not be paid
          by the Enterprise from revenues of the Enterprise or the proceeds of
          any Loan, but may be paid by Lakes and Great Lakes from Management
          Fees and loan repayments after they are received by Great Lakes. No
          officer or employee of Lakes or Great Lakes shall receive a salary or
          other payment from the Enterprise.

               (e) CRC shall not during the Term of the Management Agreement (i)
          be directly or indirectly affiliated with Lakes, Great Lakes or the
          Facility, whether as joint venturer or otherwise, (ii) be employed by
          Lakes or Great Lakes or, to the knowledge of Lakes or Great Lakes, any
          entity having any contractual relationship with Lakes or Great Lakes,
          with regard to the Facility, or (iii) directly or indirectly receive
          any payment or anything of value from Lakes or Great Lakes from or out
          of the Management Fee or any other payment made to Lakes or Great
          Lakes by the Band or the Facility. Lakes and Great Lakes each agree 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 July, 1, 1999, true copies of which are
          attached as Exhibit M, provided that CRC executes and delivers to the
          Band and its members a general release in the form attached as Exhibit
          N. Lakes and Great Lakes each warrants 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. The Band further
          agrees that Lakes may hold stock of CRC as collateral for a 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.

                                       44

<PAGE>

                                   ARTICLE 12
                                EVENTS OF DEFAULT

     Section 12.1. Events of Default by the Band. Great Lakes shall not be
obligated to pay any fees, provide the Bank Loan, the Lakes Facility Loan or the
Equipment Loan, make any advance on the Lakes Development Loan or the Lakes
Facility Loan, or otherwise perform its obligations under or pursuant to this
Agreement if a Band Event of Default, as defined below, has occurred and is
continuing on the date such fee payment, loan advance or performance would
otherwise be made. In addition, Great Lakes shall not be obligated to make any
loan advance to the Band pursuant to this Agreement unless and until Great Lakes
receives the duly authorized and executed Lakes Development Note and (to the
extent applicable) the Lakes Facility Note. Each of the following shall be a
"Band Event of Default":

               (a) The Band shall fail to pay when due the Lakes Development
          Note, the Transition Loan Note, the Non-Gaming Acquisition Line of
          Credit, the Lakes Facility Note, the Lakes Working Capital Advance
          Note, the Minimum Payments Note or any other indebtedness to Great
          Lakes, and such payment default has continued for thirty (30) days
          after Great Lakes gives the Band notice thereof.

               (b) 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
          such documents.

               (c) Any of the representations and warranties made by the Band in
          Section 11.1 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.

               (d) The Band violates the provisions of Article 10 of this
          Agreement.

               (e) The Band commits any Material Breach of the Management
          Agreement which is not cured within any applicable cure period.

               (f) The Band, through a vote of its Council at which a quorum is
          present prior to NIGC Approval, either expressly (i) repudiates the
          Management Agreement or the Development Agreement, or (ii) authorizes
          the Band, prior to terminating the Agreements in accordance with their
          terms or expiration of the Term, to enter into management or
          development agreements with a third party with regard to a Michigan
          casino.

          If any Band Event of Default occurs, Great Lakes may, upon written
          notice to Band, declare Great Lakes's commitment to make advances
          under this Agreement terminated and Great Lakes may exercise the
          rights and remedies available to Great Lakes provided in this
          Agreement; provided, however, that all such rights and remedies shall
          be Limited Recourse.

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<PAGE>

     Section 12.2. Events of Default by Lakes or Great Lakes. The Band shall not
be obligated to perform its obligations under or pursuant to this Agreement if a
Lakes Event of Default, as defined below, has occurred or if any of the
representations and warranties made by Lakes or Great Lakes in this Agreement
were not true when made or would not be true if made on the date such
performance would otherwise be due. Each of the following shall be a "Lakes
Event of Default":

               (a) Any Monthly Payment is not paid within ten (10) days after
          its due date.

               (b) Great Lakes shall fail to make any other payments (whether of
          fees, advances or loans) required by this Agreement, and such failure
          shall continue for ten (10) days after the Band gives Lakes written
          notice thereof.

               (c) Lakes or Great Lakes shall commit any other Material Breach
          any of Lakes's or Great Lakes' obligations under this Agreement, the
          Guaranty or any other Transaction Documents, as applicable.

               (d) Any representation or warranty that Lakes or Great Lakes has
          made under this Agreement or in 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.

               (e) Lakes or Great Lakes violates the provisions of Article 10 of
          this Agreement, subject to rights of notice and cure to the extent
          provided in that Article.

               (f) Lakes (to the extent applicable) or Great Lakes commits or
          causes any Material Breach of the Management Agreement which is not
          cured within any applicable cure period.

               (g) NIGC Disapproval occurs.

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

     Section 12.3. Material Breach; Right to Cure.

               (a) Neither Great Lakes nor the Band may terminate this
          Agreement, recover damages, foreclose on security interests or
          exercise any other remedy 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 the occurrence of such
          breach by such party under the Transaction Documents. During the 30
          day period after the receipt of such notice (as to defaults which can
          be cured within 30 days) or the 90 day period after such receipt (as
          to defaults

                                       46

<PAGE>

          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 14. 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 any other 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 11.3 of the
          Management Agreement shall control over any conflicting provisions in
          any other Transaction Document.

               (b) Nothing in this subsection 12.3 shall apply to termination
          under Sections 13.1, 13.2, 13.6 or 13.7 of this Agreement.

                                   ARTICLE 13
                                   TERMINATION

     Section 13.1. Voluntary Termination. This Agreement may be terminated by
mutual written consent.

     Section 13.2. Termination if No NIGC Approval. The Band and Great Lakes may
each unilaterally terminate the Agreements by written notice if NIGC Approval
has not occurred on or before August 26, 2007.

     Section 13.3. Great Lakes Right to Terminate on Band Event of Default.
Great Lakes shall be entitled to terminate the Agreements (i) upon a Band Event
of Default or (ii) as specifically provided in the Agreements.

     Section 13.4. Band Right to Terminate on Lakes Event of Default. The Band
shall be entitled to terminate the Agreements (i) upon a Lakes Event of Default
or (ii) as specifically provided in the Agreements.

     Section 13.5. 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:

               (a) Great Lakes shall notify the Band promptly in the event of
          any Material Adverse Change, and in any event within 30 days after its
          occurrence.

               (b) Great Lakes 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

                                       47

<PAGE>

          the Band may request; and shall furnish the Band with such other
          information concerning a Material Adverse Change as the Band may
          reasonably request.

               (c) If the Band believes that a Material Adverse Change has
          occurred, the Band shall so notify Lakes and Great 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.

               (d) Within thirty (30) days after that notification Great Lakes
          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
          they each agree to provide the requested further assurances; if they
          each agree 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 their respective continued ability to perform under the
          Agreements, the Guaranty, and all related agreements and instruments.

               (e) If Lakes or Great 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 (i) a Material Adverse Change has
          occurred; (ii) 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 (iii) 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 Lakes and
          Great 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 Lakes and Great Lakes within
          thirty (30) days after entry of the award.

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

               (g) Lakes, Great Lakes and the Band agree that the continuing
          ability of Great Lakes 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>

     Section 13.6. Termination on Buyout. This Agreement shall terminate if the
Band exercises its option to buy out the Management Agreement in accordance with
its terms.

     Section 13.7. 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:

               (a) If the date of such determination is prior to the
          Commencement Date, Great Lakes shall be entitled to damages to the
          same extent as provided in Section 14.4 with regard to failure to
          obtain NIGC Approval.

               (b) If the date of such determination is after the Commencement
          Date:

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

               (ii) Any money loaned to the Band by Lakes or Great Lakes, or
               other obligations 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 Loan Note, the Non-Gaming
               Acquisition Line of Credit, this Agreement or any other
               applicable Transaction Documents; and

               (iii) The Band shall retain its interest in the title (and any
               lease) to all Enterprise assets, including the Gaming Site and
               any fixtures, supplies and Furnishings and Equipment (except as
               provided in subsection (iv)), subject to the purchase money
               security interest in Furnishings and Equipment securing the
               Equipment Loan, Great Lakes' security interest in the Dominion
               Account and the Furnishings and Equipment, if any (until all
               obligations of the Band to Great Lakes secured by that account
               and the Furnishings and Equipment are paid in full), and any
               other liens granted in accordance with the Development Agreement;
               and

               (iv) If (A) the Band determines that it can legally continue to
               operate portions of the Enterprise after the change in Legal
               Requirements without

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<PAGE>

               subjecting any related Furnishings and Equipment to forfeiture or
               seizure by any applicable governmental authority, and (B) it is
               Economically Feasible for the Band to continue such portions of
               the Enterprise and it elects to do so by written notice to Great
               Lakes within ninety (90) days after the occurrence of the change
               in Legal Requirements, then the Band shall have the right to
               continue to operate such portions of the Enterprise (and retain
               any Furnishings and Equipment used in connection with such
               portions of the Enterprise) so long as the same (x) remain
               Economically Feasible to operate, (y) any related Furnishings and
               Equipment shall remain free from any such forfeiture or seizure,
               and (z) are promptly and continually thereafter operated and
               maintained in accordance with reasonable industry standards. The
               Band and Great Lakes agree that any Furnishings and Equipment
               (together with any casualty insurance proceeds applicable
               thereto) related to (1) portions of the Enterprise that are not
               Economically Feasible for the Band to continue to operate, (2)
               would otherwise be subject to forfeiture or seizure as described
               above, or (3) with respect to any other portions of the
               Enterprise that the Band shall cease to continually operate
               (collectively, the "Surplus Equipment"), shall be promptly
               liquidated (subject to approvals as required under the Bank Loan
               Agreement and the Equipment Loan Agreement) in a commercially
               reasonable manner, and the Band shall pay the proceeds of such
               sale(s), to the extent permitted by any applicable subordination
               agreement, to Great Lakes on account of the Loans and other
               amounts owing to Great Lakes under the Transaction Documents.

     Section 13.8. Repair or Replacement. If the Facility is damaged, destroyed
or condemned so that continued development, construction or operation of Gaming
cannot be or can no longer be continued at the Facility, the Facility shall at
the Band's option be reconstructed if the insurance or condemnation proceeds,
together with any other funds available to the Band, are sufficient to restore
or replace the Facility to a condition at least comparable to that before the
casualty occurred or such other condition as Great Lakes and the Band may agree.
If the insurance proceeds, together with other funds available to the Band, are
not sufficient to so restore or replace the Facility or are not used to repair
the Facility, the Band shall, with the assistance of Great Lakes, adjust and
settle any and all claims for such insurance proceeds or condemnation awards,
and such proceeds or award and any undistributed Net Revenues pursuant to
Article 5 of the Management Agreement shall be applied first, as to proceeds or
awards relating to Furnishings and Equipment securing the Equipment Loan, to the
amounts due under the Equipment Loan; second, to the amounts due under the
Minimum Payments Note; third, to the Lakes Working Capital Advances, including
accrued interest; fourth, to the Band Working Capital Advances, including
accrued interest; fifth, to the amounts due under the Bank Loan; sixth, to any
remaining balance under the Equipment Loan and to any other third party
liabilities of the Enterprise to which Great Lakes has subordinated in writing;
seventh, to the Lakes Facility Loan; eighth, to the Lakes Development Loan; and
ninth, to the Band; but subject, in each case, to any applicable subordination
agreements. Any unpaid balance of the Lakes Development Loan, the Lakes Facility
Loan and the Lakes Working Capital Loan, after application of such proceeds,
shall be repaid as provided in Section 14.4 on failure to obtain NIGC Approval.

                                       50

<PAGE>

     Section 13.9. Recoupment and Setoff. Upon termination of this Agreement or
the Management Agreement any claim of Lakes or Great Lakes against the Band, or
of the Band against Lakes or Great Lakes, shall be subject to their respective
rights of recoupment and setoff, if any. The Band may recoup and set off against
Great Lakes any claims it may have against Lakes, and may recoup and set off
against Lakes any claims it may have against Great Lakes.

                                   ARTICLE 14
                     DISPUTE RESOLUTION; LIQUIDATED DAMAGES

     Section 14.1. 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 14 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 Management Agreement, the Lakes Development Note, the Lakes
Facility Note, the Lakes Working Capital Advance Note, the Minimum Payments
Note, the Transition Loan Note, the Non-Gaming Acquisition Line of Credit, the
Control Agreement, the Security 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, any other
Transaction Document 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 for the same limited purpose. 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
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 Great Lakes against any assets of the Band other than the limited
assets of the Band specified in Section 14.3(a) 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.

     Section 14.2. Arbitration. All disputes, controversies or claims arising
out of or relating to this Agreement and the Lakes Development Note, the Lakes
Facility Note, the Lakes Working Capital Advance Note, the Minimum Payments
Note, the Transition Loan Note, the Non-Gaming Acquisition Line of Credit, the
Control Agreement, the Lakes Security Agreement, any other Transaction Document
or other obligations between Lakes or Great Lakes 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

                                       51

<PAGE>

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 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, 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 Great Lakes, including any security agreements and
collateral instruments, in accordance with their terms.

               (a) 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 shall apply Michigan law.

               (b) 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.

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

     Section 14.3. Limitation of Actions. The Band's waiver of immunity from
suit is specifically limited to the following actions and judicial remedies:

               (a) 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 (i) undistributed or future Net Revenues
          of the Enterprise or Subsequent Gaming Facility Revenues; (ii) as to
          the Equipment Loan, the Furnishings and Equipment securing that Loan;
          (iii) if the Commencement Date does not occur, Subsequent Gaming
          Facility Revenues to the extent provided in this Agreement; (iv) as to
          the Lakes Development Note and the Non-Gaming Acquisition Line of
          Credit, mortgages on the Gaming Site and Non-Gaming Lands prior to
          their transfer into trust; (v) after the Commencement Date occurs,
          funds on deposit in the Dominion Account to the extent provided in
          Section 9.2.1(j) of this Agreement and the Dominion Agreement, or in
          any other dominion agreement executed by the Band; and (vi) 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 9.2.1(j) of this Agreement. In no instance shall
          any enforcement of any kind whatsoever be allowed by Lakes or Great
          Lakes against any assets of the Band other than the limited assets of
          the Band specified in this subsection.

                                       52

<PAGE>

               (b) 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.

               (c) Injunctive Relief and Specific Performance. The enforcement
          of a determination by an arbitrator that prohibits the Band from
          taking any action that would prevent Great Lakes from performing its
          obligations pursuant to the terms of this Agreement or any other
          Transaction 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, funds in the
          Dominion Account or Subsequent Gaming Facility Revenues; and shall not
          relate to any asset of the Band other than the Enterprise.

               (d) Action to Compel Arbitration. An action to compel arbitration
          pursuant to this Article 14.

     Section 14.4. Damages on Termination for Failure to Obtain NIGC Approval.
In the event of termination of this Agreement under Section 13.2 because NIGC
Approval has not been obtained on or before August 26, 2007, (a) the Band shall
be obligated to repay Great Lakes all amounts loaned to the Band by, or owed by
the Band to, Lakes or Great Lakes under or pursuant to this Agreement or any
other Transaction Document (excluding fees under the Management Agreement), but
not fees or non-refundable payments designated as such under this Agreement or
any Transaction Document; provided that such repayment shall be made only out of
distributions to the Band from Subsequent Gaming Facility Revenues, and shall be
paid in 60 equal monthly installments of principal and interest beginning one
month after opening of such a facility; and (b) the Band shall promptly sell all
Furnishings and Equipment in a commercially reasonable manner and shall pay the
proceeds of such sale to Great Lakes on account of the obligations owing to
Great Lakes described above in this Section 14.4. To secure the Band's
obligation under subsection 14.4(a), Great Lakes shall retain its mortgages, if
any, on property of the Band not transferred into trust, and may foreclose such
mortgages (subject to the arbitration provisions of this Article 14) if the Band
fails to perform as provided in that subsection; and to secure the Band's
obligation under subsection 14.4(b), Great Lakes shall retain its security
interest in Furnishings and Equipment. Great Lakes may foreclose such security
interest (subject to such arbitration provisions, and without accelerating the
Lakes Development Loan) if the Band fails to perform as provided in subsection
(b), and shall apply the proceeds of such foreclosure to the obligations owing
to Great Lakes under the Transaction Documents. Such payments and collateral
shall be Great Lakes's sole remedy and recourse in the event of termination of
this Agreement under Section 13.2. In no event shall Great Lakes have recourse
in the event of such termination to (i) assets purchased by the Band with funds
advanced by Lakes or Great Lakes, except as collateral to the extent provided in
this subsection; (ii) assets of any other gaming facility owned or operated by
the Band, other than Subsequent Gaming Facility

                                       53

<PAGE>

Revenues; or (iii) any other asset of the Band.

     Section 14.5. 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:

               (a) Liquidated Damages Payable by Great Lakes. In the event of a
          Lakes Event of Default prior to the Commencement Date, after such
          notice and right to cure as may be provided in this Agreement, Great
          Lakes shall: (i) forfeit to the Band all amounts in the Account as of
          the default; (ii) pay the Band an amount equal to the sum of (x) the
          aggregate Monthly Payments payable under Section 8.1(c) over the
          balance of the 5-year Term, as if the Agreements had not been
          terminated, and (y) the Accrued Expenses; (iii) release all claims
          against the Band, including without limitation all amounts owed by the
          Band to Lakes or Great Lakes under or related to the Agreements and
          all rights under the Agreements, and discharge all mortgage and
          security interests on assets of the Band; (iv) transfer to the Band,
          at the Band's discretion and without payment of any consideration, any
          and all options and interests in real property in Michigan held by
          Lakes or Great Lakes; and (v) deliver to the Band all documents and
          work product in the possession or control of Great Lakes, Lakes or
          their agents related to the proposed Facility, the Gaming Site and the
          Non-Gaming Lands. Lakes shall join in the release, transfer and
          delivery under subsections (iii), (iv) and (v), and Lakes and Great
          Lakes each agree to execute and deliver such release, discharges and
          transfer instruments, and to deliver such work product and documents,
          at the time of payment of liquidated damages.

               (b) Liquidated Damages Payable by the Band. Except as provided in
          Section 14.10 as to Governmental Actions, 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, the Band shall if
          requested by Great Lakes: (i) pay Great Lakes all amounts loaned to
          the Band by, or owing by the Band to, Lakes or Great Lakes under this
          Agreement or any other Transaction Documents (excluding fees under the
          Management Agreement), but not fees or nonrefundable payments
          designated as such under this Agreement or any other Transaction
          Document, less the Band's right of offset, if any; such damages to be
          payable only out of Subsequent Gaming Facility Revenues on the same
          terms and with the same limitations on recourse as are provided in
          Section 14.4 with regard to damages payable by the Band under that
          subsection; (ii) release any interest in the funds in the Account,
          which shall be released to Great Lakes; (iii) transfer to Great Lakes
          all options and land (other than land held in trust) acquired by the
          Band through funds advanced by Lakes (or, failing such transfer, Great
          Lakes may foreclose on any mortgages it holds on such options or land
          not held in trust); provided that the amount of any damages payable to
          Great Lakes shall be reduced by the amount paid for any options or
          land transferred by the Band to Great Lakes; and (iv) permit Great
          Lakes to foreclose on its security interest in Furnishings and
          Equipment (subject to the terms of any intercreditor agreement between
          Great Lakes and any Bank Lender or Equipment Lender).

                                       54

<PAGE>

               (c) Limitation on Great Lakes Remedies. If the Band Event of
          Default shall occur after the Commencement Date, Great Lakes rights
          with respect to foreclosing upon any Furnishings and Equipment shall
          be subject to the following rights of the Band: If (i) the Band
          determines that it can legally continue to operate all or any portions
          of the Enterprise after the occurrence of a Band Event of Default
          without subjecting any related Furnishings and Equipment to forfeiture
          or seizure by any applicable governmental authority, and (ii) it is
          Economically Feasible for the Band to continue such portions of the
          Enterprise and it elects to do so by written notice to Great Lakes
          within ninety (90) days after the occurrence of the Band Event of
          Default, then the Band shall have the right to continue to operate
          such portions of the Enterprise (and retain any Furnishings and
          Equipment used in connection with such portions of the Enterprise) so
          long as the same (x) remain Economically Feasible to operate, (y) any
          related Furnishings and Equipment shall remain free from any such
          forfeiture or seizure, and (z) are promptly and continually thereafter
          operated and maintained in accordance with reasonable industry
          standards. The Band and Great Lakes agree that any Furnishings and
          Equipment (together with any casualty insurance proceeds applicable
          thereto) related to (1) portions of the Enterprise that are not
          Economically Feasible for the Band to continue to operate, (2) would
          otherwise be subject to forfeiture or seizure as described above, or
          (3) with respect to any other portions of the Enterprise that the Band
          shall cease to continually operate (collectively, the "Surplus
          Equipment"), shall be promptly liquidated (subject to approvals as
          required under the Bank Loan Agreement and the Equipment Loan
          Agreement) in a commercially reasonable manner, and the Band shall pay
          the proceeds of such sale(s) (to the extent permitted by any
          applicable subordination agreements) to Great Lakes on account of the
          Loans and other amounts owing to Great Lakes under the Transaction
          Documents.

     Section 14.6. Lakes' and Great Lakes' Continuing Obligations. Nothing in
this Article shall affect or impair Lakes' and Great Lakes' continuing
obligations under Sections 10.4 (non-competition) and 15.13 (confidentiality) of
this Agreement, which shall remain enforceable for the following terms,
notwithstanding the termination of the Agreements and payment of liquidated or
other damages: (i) as to Section 10.4, the greater of five years after execution
of the Agreements or one year after termination; and (ii) as to Section 15.13,
the greater of five years after execution of the Agreements or two years after
termination.

     Section 14.7. Termination of Exclusivity. Section 10.2 (Exclusivity in
Michigan) of this Agreement shall terminate upon any termination of the
Agreements, notwithstanding any breach of the Agreements by the Band.

     Section 14.8. Remedies. In consideration of the agreement to liquidated
damages to the extent provided above, the Band, Lakes and Great Lakes each waive
the right to (i) actual and consequential damages (except as provided in Section
14.10) and (ii) exemplary or punitive damages to the extent that liquidated
damages are applicable to a default, but shall retain the right to injunctive
relief (x) 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

                                       55

<PAGE>

Band's limited waiver of sovereign immunity; and (y) 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).

     Section 14.9. Fees not Damages. In no event shall fees or other
non-refundable payments or Tribal Distributions made by Lakes or Great Lakes to
Band constitute damages to Lakes or Great Lakes or be repayable by the Band.

     Section 14.10. 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 Great Lakes 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 Great Lakes under this Agreement or the
other Transaction Documents, the Band shall be liable for any resulting actual
and consequential damages incurred by Great Lakes (subject to the Limited
Recourse provisions of this Agreement and the limited waiver of the Band's
sovereign immunity).

                                   ARTICLE 15
                                     GENERAL

     Section 15.1. Nature of Agreement. This Agreement is not intended as and
shall not be construed as a "management agreement" within the meaning of the
IGRA.

     Section 15.2. Great Lakes's Interest. Nothing contained herein grants or is
intended (a) to grant Great Lakes a titled interest to the Facility, or (b) in
any way to impair the Band's sole proprietary interest in the Facility.

     Section 15.3. Situs of the Agreement. This 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 shall be deemed entered into in Michigan.

     Section 15.4. 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

                                       56

<PAGE>

     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 49407

     and

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

     If to Great Lakes or to Lakes:

     Great Lakes Gaming of Michigan LLC
     Lakes Gaming, Inc.
     130 Cheshire Lane
     Minnetonka, MN 55305

     with a copy to:

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

     and to:

     Neil Sell, Esq.
     Maslon Edelman Borman & Brand, LLP
     3300 Wells Fargo Center
     90 South Seventh Street
     Minneapolis, MN 55402

or to such other different address(es) as Lakes, Great Lakes 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 or upon actual delivery, whichever first occurs.

                                       57

<PAGE>

     Section 15.5. Relationship. Great Lakes, 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.

     Section 15.6. Further Actions. The Band, Lakes and Great Lakes 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.

     Section 15.7. Waivers. No failure or delay by Great Lakes, Lakes 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 of 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 waiver of any
breach shall affect or alter this Agreement, but each and every covenant,
agreement, term and condition of this Agreement shall continue in full force and
effect with respect to any other then existing or subsequent breach thereof.

     Section 15.8. Captions. The captions of each article, section and
subsection contained in this Agreement are for ease of reference only and shall
not affect the interpretational meaning of this Agreement.

     Section 15.9. 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.

     Section 15.10. 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.

     Section 15.11. Estoppel Certificate. Great Lakes 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.

     Section 15.12. Periods of Time; Time of the 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.

     Section 15.13. Confidential and Proprietary Information. Lakes, Great Lakes
and the Band 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 both parties in full confidence except

                                       58

<PAGE>

for such public disclosure as may be required to allow Lakes, Great 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 14.6. The obligations not to use or disclose the
Confidential Information shall not apply to Confidential Information (i) which
has been made previously available to the public by the Band, Lakes or Great
Lakes, or becomes generally available to the public, unless the Confidential
Information being made available to the public results in a breach of this
Agreement; (ii) which prior to disclosure to the Band, Lakes or Great Lakes was
already rightfully in any such persons' possession; (iii) which is obtained by
the Band, Lakes or Great Lakes 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 Great Lakes, with respect to such Confidential
Information and who does not require the Band, Lakes or Great Lakes to refrain
from disclosing such Confidential Information to others; or (iv) by the Band, if
such 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.

     Section 15.14. Government Savings Clause. Lakes, Great Lakes and the Band
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 Great Lakes under this Agreement, the Guaranty, or any other
agreement or document related hereto.

     Section 15.15. 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.

     Section 15.16. Severability. 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.

     Section 15.17. Entire Agreement.

          15.17.1. This Agreement and the Transaction Documents (excluding the
          Management Agreement) are the entire agreement between Great Lakes,
          Lakes and the Band relating to development of the Project and
          supersedes all prior development agreements and understandings,
          whether written or oral, between or among the Band, Lakes and Great
          Lakes. The Management Agreement does not

                                       59

<PAGE>

          constitute a part of this Agreement

          15.17.2. Collateral agreements between or among the Band, Lakes and
          Great Lakes consist of the following documents:

          a.   Second Amended and Restated Lakes Development Note dated as of
               December 22, 2004;

          b.   Second Amended and Restated Transition Loan Note dated as of
               December 22, 2004;

          c.   Second Amended and Restated Non-Gaming Land Acquisition Line of
               Credit dated as of December 22, 2004;

          d.   Account Control Agreement, as amended by Amendment dated as of
               October 16, 2000 and by Second Amendment dated as of December 22,
               2004;

          e.   Pledge and Security Agreement, as amended by Amendment dated as
               of October 16, 2000 and by Second Amendment dated as of December
               22, 2004;

          f.   First Amended Assignment and Assumption Agreement dated as of
               December 22, 2004;

          g.   First Amended Unlimited Guaranty dated as of December 22, 2004;

          h    Lakes Facility Note dated as of December 22, 2004;

          i.   Lakes Working Capital Advance Note dated as of December 22, 2004;

          j.   Lakes Minimum Payments Note dated as of December 22, 2004;

          k.   Security Agreement dated as of December 22, 2004;

          l.   Form of Dominion Agreement;

          m.   Indemnity Agreement from the Band to Great Lakes (as assignee of
               Lakes) dated as of March 9, 2000, as amended by First Amended and
               Restated Indemnity Agreement dated February 28, 2001 and Second
               Amended and Restated Indemnity Agreement dated as of December 22,
               2004;

          n.   Reaffirmation of Guarantees and Mortgages dated as of December
               22, 2004, together with the Band Designee Guarantees and the Band
               Designee Mortgages referenced therein;

                                       60

<PAGE>

     All such collateral agreements supersede all other prior collateral
     agreements and understandings, written or oral between the parties. All
     prior and contemporaneous conversations, discussions, negotiations,
     possible and alleged agreements and representations, covenants and
     warranties with respect to the subject matter hereof, including without
     limitation the Term Sheet agreed to by Lakes and the Band dated June 18,
     1999, are waived, merged herein and superseded hereby. 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 Management
     Agreement, or any other Transaction Documents and documents referred to
     herein and therein, and stipulates that no evidence of any promises not
     contained in this Agreement, the Management 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.

     Section 15.18. Consents.

               (a) 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.

               (b) 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.

               (c) 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.

     Section 15.19. [intentionally omitted]

     Section 15.20. Limited Joinder.

               (a) 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, 14 and 15 (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 under the following sections of this
          Agreement: 10.3, 11.2, 12.3, 13.5 and 14.8 (as to remedies for claims
          for breach

                                       61

<PAGE>

          of its retained rights under this subsection), 15.4, 15.5, 15.6, 15.9,
          15.12, 15.13, 15.14, 15.15 and 15.17.

               (b) Sections 10(a) and 10(c) of the Assignment and Assumption
          Agreement are superseded by this Agreement and the Second Amended and
          Restated Management Agreement and are no longer in effect.

                 [balance of this page intentionally left blank]

                                       62

<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
                                             -----------------------------------

By: /s/ Dan Rapp                        Lakes Entertainment, Inc.
    ---------------------------------
Its Secretary
                                        By: /s/ Timothy Cope
                                            ------------------------------------
                                        Its: President
                                             -----------------------------------

                                        Lakes Gaming and Resorts, LLC

                                        By: /s/ Timothy Cope
                                            ------------------------------------
                                        Its: President
                                             -----------------------------------

                                       63

<PAGE>

                                    EXHIBIT A

                SECOND AMENDMENT TO PLEDGE AND SECURITY AGREEMENT

                          [SEE CLOSING AGENDA: ITEM 15]

                                       64

<PAGE>

                                    EXHIBIT B

                      SECOND AMENDMENT TO CONTROL AGREEMENT

                          [SEE CLOSING AGENDA: ITEM 16]

                                       65

<PAGE>

                                    EXHIBIT C

                       FORM OF DOMINION ACCOUNT AGREEMENT

                          [SEE CLOSING AGENDA: ITEM 3]

                                       66

<PAGE>

                                    EXHIBIT D

                           DESCRIPTION OF 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 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

                                       67

<PAGE>

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 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.

                                       68

<PAGE>

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.

                                       69

<PAGE>

                                    EXHIBIT E

               SECOND AMENDED AND RESTATED LAKES DEVELOPMENT NOTE

                          [SEE CLOSING AGENDA: ITEM 4]

                                       70

<PAGE>

                                    EXHIBIT F

                               LAKES FACILITY NOTE

                          [SEE CLOSING AGENDA: ITEM 5]

                                       71

<PAGE>

                                    EXHIBIT G

                               SECURITY AGREEMENT

                          [SEE CLOSING AGENDA: ITEM 6]

                                       72

<PAGE>

                                    EXHIBIT H

                       LAKES WORKING CAPITAL ADVANCE NOTE

                          [SEE CLOSING AGENDA: ITEM 7]

                                       73

<PAGE>

                                    EXHIBIT I

                           LAKES MINIMUM PAYMENTS NOTE

                          [SEE CLOSING AGENDA: ITEM 8]

                                       74

<PAGE>

                                    EXHIBIT J

                           SECOND AMENDED AND RESTATED
              NON-GAMING LAND ACQUISITION LINE OF CREDIT AGREEMENT

                          [SEE CLOSING AGENDA: ITEM 9]

                                       75

<PAGE>

                                    EXHIBIT K

                SECOND AMENDED AND RESTATED TRANSITION LOAN NOTE

                          [SEE CLOSING AGENDA: ITEM 10]

                                       76

<PAGE>

                                    EXHIBIT L

                                 BAND LITIGATION

Taxpayers of Michigan Against Casinos et al. v. State of Michigan. The Michigan
Supreme Court has ruled against plaintiff TOMAC's challenges to the validity of
the Compact. 471 Mich. 306, 685 N.W.2d221 (2004). TOMAC has petitioned the U.S.
Supreme Court for a writ of certiorari. Also, on remand from the Michigan
Supreme Court, in Michigan Court of Appeals Case No. 225017, TOMAC challenges
the validity of the Compact under the appropriation and separation of powers
provisions of the Michigan Constitution. The Band is not a party to these
actions, but may choose to intervene.

TOMAC v. Norton et al., U.S.D.C.D.C., Case No. 1:01CV00398-JR. The plaintiff in
that action challenges the decision of the Department of Interior to take the
Gaming Site into trust. The Band is not a party to that action, but may choose
to intervene.

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.

                                       77

<PAGE>

                                    EXHIBIT M

                  CONDITIONAL RELEASE AND TERMINATION AGREEMENT
                    BETWEEN LAKES AND CRC DATED MAY 20, 1999,
AS AMENDED BY AMENDMENT DATED ON OR ABOUT JULY 7, 1999, AS AMENDED BY AMENDMENT
                        DATED ON OR ABOUT JANUARY 2, 2003

                                       78

<PAGE>

                                    EXHIBIT N

              GENERAL RELEASE FROM CRC TO THE BAND AND ITS MEMBERS

                                       79

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