Document:

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                                                                  Exhibit 10.111

                           DOMINION ACCOUNT AGREEMENT
                               (Lakes Management)
                                 (Chilocco Site)

     THIS DOMINION ACCOUNT AGREEMENT, (the "Agreement"), dated effective as of
January 12, 2005 (the "Effective Date'"), between Pawnee Chilocco Gaming
Corporation ("Pawnee") (and sometimes hereinafter referred to as the
"Borrower"), a wholly owned subsidiary of the Pawnee Tribal Development
Corporation ("Pawnee TDC"), each created under the Constitution of and a
governmental subdivision of the Pawnee Nation of Oklahoma ("Pawnee Nation"), a
federally recognized Indian tribe, located in the State of Oklahoma, whose
business office is located at 871 Little D. Drive, Building 68, P.O. Box 28,
Pawnee, OK 74058, and Lakes Pawnee Management, LLC, a Minnesota limited
liability company (hereinafter referred to as "Lakes"), whose business office is
located at 130 Cheshire Lane, Minnetonka, Minnesota 55305, and when it has
executed a counterpart signature page hereto, the "Agent" (as defined below).

                                    RECITALS

     WHEREAS, the Borrower is created under the Constitution of and a
governmental subdivision of the Pawnee Nation, a federally recognized Indian
tribe eligible for the special programs and services provided by the United
States to Indians because of their status as Indians and is recognized as
possessing powers of self-government.

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

     WHEREAS, Pawnee TDC is vested with the sovereign immunity of the tribe, and
has been established to control and manage the economic affairs of the Pawnee
Nation; and Pawnee TDC has established Pawnee as a legal entity which will own
and operate specified gaming projects which are to be developed by Pawnee TDC on
behalf of the Pawnee Nation.

     WHEREAS, Lakes has entered into an agreement with Pawnee dated January 12,
2005 ("Management Contract"), pursuant to which Lakes is to manage the Project's
Gaming Facility and related Ancillary Facilities owned by Pawnee.

     WHEREAS, Borrower and Lakes desire to enter into this Agreement in order to
provide for the receipt, deposit and disbursement of Gross Total Revenues
derived by the Borrower with respect to the Project (as set forth in the
Management Contract), and to grant Lakes a first priority and perfected security
interest in such revenues subject only to Permitted Liens, each for the purposes
and in accordance with the terms set forth herein, as provided under the terms
of the Management Contract.

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     NOW, THEREFORE, in consideration of the mutual agreements herein contained
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto do hereby agree as follows:

                                    ARTICLE 1
                                   DEFINITIONS

     Section 1.1 Unless the context otherwise requires, capitalized terms which
are not defined herein shall have the meaning ascribed to them in the Management
Contract.

     Section 1.2 DEFINED TERMS. The following terms when used herein shall have
the following meanings:

     "Agent" means the financial institution selected by the Borrower pursuant
to Section 6.5 hereof, and its successors and assigns.

     "Business Day" means a day other than (i) a Saturday or Sunday and (ii) any
day on which banks located in the State of Oklahoma are required or authorized
by law to remain closed.

     "Collateral" means the Project Revenues, the Project Dominion Account and
the cash and/or cash equivalents and other investment property deposited or
credited thereto from time to time, each whether now or hereafter owned,
existing, arising or acquired, and including any proceeds of the foregoing.

     "Event of Default" shall have the meaning assigned to such term in Section
5.1 hereof.

     "Notice of Exclusive Control" shall have the meaning assigned to such term
in Section 3.2 hereof.

     "Obligations" shall mean (i) all loans, compensation, fees, expenses and
other amounts owing by (a) Borrower to Lakes or its Affiliates under or with
respect to the Operating Note, and each of the other Transaction Documents (as
each of such terms are defined in the Management Contract), and (b) the Pawnee
Nation and/or Pawnee TDC to Lakes or its Affiliates under or with respect to the
Tribal Agreement or any other document or agreement executed in favor of Lakes
or its Affiliates by Pawnee Nation or Pawnee TDC in connection with the Project,
each of the foregoing, whether now existing or hereafter incurred or arising,
and (ii) together with any costs, expenses or other amounts hereafter owing by
the Borrower to Agent or Lakes pursuant to the terms of this Agreement, each of
the foregoing, whether now existing or hereafter incurred or arising.

     "Project Dominion Account" means that certain account owned and maintained
by the Borrower with the Agent formed by and subject to the terms of this
Agreement into which all Project Revenues shall be deposited, together with any
replacement or supplemental accounts related thereto.

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     "Project" shall have the meaning assigned to such term in the Management
Contract and which shall include, without limitation, the gaming operations of
the Project.

     "Project Revenues" shall mean the Gross Total Revenues (as such term is
defined in the Management Contract) of the Project, including without limitation
credit card receivables and other accounts receivable related to the Project.

     "Permitted Liens" shall mean: (i) all security interests and liens granted
by Borrower in favor of Lakes under the terms of the Management Contract or any
related Transaction Documents; and (ii) such other liens and security interests
as Lakes may consent to in writing.

                                    ARTICLE 2
                                GENERAL COVENANTS

     Section 2.1 CREATION OF PROJECT DOMINION ACCOUNT/LEGAL OPINION. Upon the
Agent's execution of this Agreement pursuant to Section 6.5 hereof, there is
hereby created with the Agent the Project Dominion Account in the name of
Borrower, which account is subject to the terms and conditions of this
Agreement. The Agent shall deposit into the Project Dominion Account, as
received, each and every payment of Project Revenues or proceeds thereof
delivered to the Agent in accordance with Section 2.2 hereof. Notwithstanding
any other term or provision contained herein or in the Management Contract, only
Lakes shall have the authority to make withdrawals from or exercise any other
rights with respect to Project Dominion Account; provided that upon written
notice to the Agent, Lakes may grant the Borrower the right (which may be
subsequently revoked by Lakes at any time) to make withdrawals and transfers
from the Project Dominion Account subject to any conditions set forth in such
notice. Agent hereby acknowledges the security interest in the Collateral
granted to Lakes by Borrower. On the date of execution of this Agreement, the
Borrower shall cause to be delivered to Lakes (a) such financing statements and
similar documents necessary to perfect the security interest granted to Lakes
pursuant to Section 3.1 hereof (the "Financing Statements") and (b) a legal
opinion in form and substance reasonably acceptable to Lakes, opining as to the
due authorization, execution, delivery and enforceability of this Agreement and
the Financing Statements by the Borrower, together with opinions as to the
Borrower's sovereign immunity waiver and noncontravention with laws and
agreements.

     Section 2.2 DEPOSIT OF REVENUES. The Borrower agrees that it will or will
direct Lakes, any other manager of the Project, and any other applicable parties
to cause all Project Revenues to be transferred to the Agent on each Business
Day for deposit into the Project Dominion Account. If any Project Revenues are
initially deposited in collection bank(s) (which shall be permitted provided the
collecting bank(s) execute and deliver the Joinder Agreement attached hereto as
Exhibit A with the Borrower, Lakes and the collecting banks in form mutually
acceptable to each of such parties), the Borrower shall transfer or cause to be
transferred all such Project Revenues or other Collateral, consisting of cash
and other collected funds directly by wire transfer of immediate available funds
to the Project Dominion Account on each Business Day. In the event that the
Borrower receives any payment that should have been deposited into

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the Project Dominion Account as provided pursuant to this Agreement, the
Borrower agrees that it will hold such amounts in trust for the benefit of
Lakes, and shall not commingle any such funds with any of its funds or other
property and shall immediately transfer such amounts to the Agent for deposit
into the Project Dominion Account. The Borrower agrees that the Agent's
officers, agents and employees are irrevocably authorized by it to endorse for
payment to the Agent any instruments received by the Agent for deposit into the
Project Dominion Account.

     Section 2.3 WITHDRAWALS FROM PROJECT DOMINION ACCOUNT. Subject to the terms
of this Agreement, Lakes acknowledges and agrees that during each calendar month
it shall make or permit such transfers from the Project Dominion Account to and
for the benefit of each of the Borrower and Lakes in such amounts and
priorities, for such purposes and as and when required pursuant to the terms of
Sections 2.8(b) and 5.5 of the Management Contract. Lakes further acknowledges
and agrees that transfers from the Project Dominion Account to Project Accounts
under Section 2.8(b) of the Management Contract and payment of the Minimum
Guaranteed Monthly Payment shall be timely made notwithstanding any provision of
this Dominion Agreement (except as otherwise provided under Section 5.2 hereof).
In connection with any such withdrawals and transfers and any other aspects of
the Project Dominion Account, the Agent shall acknowledge and comply with only
the withdrawal requests and other directions received from Lakes, except as
expressly provided in Section 2.2 above or pursuant to an arbitration award made
in an arbitration proceeding to which Lakes and the Borrower are parties. Lakes
acknowledges that when it shall release any funds from the Project Dominion
Account, then its security interest in such funds shall also be deemed to have
been released concurrently therewith.

     Section 2.4 INTEREST. The Project Dominion Account shall bear interest, and
subject to Section 3.2 of this Agreement, funds in that account shall be
invested in money market or other cash equivalent assets that are reasonably
acceptable to Borrower or, after the occurrence of any Event of Default, solely
by Lakes. All interest accruing with respect to amounts now or hereafter on
deposit with respect to the Project Dominion Account shall be deposited into the
Project Dominion Account and become part of the proceeds of the Collateral and
distributed as part of such proceeds.

     Section 2.5 MONTHLY REPORTING. On or before the tenth (10th) Business Day
of each calendar month, the Agent shall provide to the Borrower and Lakes an
account statement with respect to the Project Dominion Account reflecting all
deposits to, withdrawals from and charges credited against the Project Dominion
Account, and specifying the financial assets held in such account.

                                    ARTICLE 3
                     PLEDGE AND GRANT OF SECURITY INTERESTS

     Section 3.1 GRANT OF THE SECURITY INTEREST. As security for the payment and
performance of all of the Obligations, the Borrower hereby pledges to Lakes and
grants a continuing first perfected security interest to Lakes, for and on
behalf of Lakes itself and its Affiliates, subject only to Permitted Liens, of
all of the Borrower's right, title and interest in and

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to the Collateral. The Borrower represents and warrants that the Borrower is
(or, to the extent that the Collateral is acquired after the date hereof, will
be) the sole legal and beneficial owner of its respective Collateral and has
exclusive possession and control thereof; there are no security interests in,
liens, charges or encumbrances on, or adverse claims of title to, or any other
interest whatsoever in, such Collateral or any portion thereof except for
Permitted Liens; and that no financing statement, notice of lien, mortgage, deed
of trust or instrument similar in effect covering the Collateral or any portion
thereof or any proceeds thereof ("LIEN NOTICE") exists or is on file in any
public office, except as relates to Permitted Liens and except as may have been
filed in favor of Lakes relating to this Agreement or related agreements, or for
which duly executed termination statements have been delivered to Lakes for
filing. Without the prior written consent of Lakes, Borrower will not in any way
encumber, or hypothecate, or create or permit to exist, any lien, security
interest, charge or encumbrance or adverse claim upon or other interest in the
Collateral, except for Permitted Liens, and the Borrower will defend the
Collateral against all claims and demands of all persons at any time claiming
the same or any interest therein, except as expressly provided herein. The
Borrower will not permit any Lien Notices to exist or be on file in any public
office with respect to all or any portion of the Collateral except, in each
case, for Lien Notices of holders of Permitted Liens or encumbrances permitted
by the Management Contract or any other Transaction Document or except as may
have been filed by or for the benefit of Lakes relating to this Security
Agreement or related agreements. The Borrower shall promptly notify Lakes of any
attachment or other legal process levied against any of the Collateral and any
information received by any Borrower relative to the Collateral, which may in
any material way affect the value of the Collateral or the rights and remedies
of Lakes in respect thereto.

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

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

               (i) to obtain and adjust insurance required under this Agreement;

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

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

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

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

     Section 3.2 CONTROL. Agent covenants and agrees that it will comply with
all instructions, requests or other directions originated by Lakes concerning
the Project Dominion Account at any time without further consent by Borrower.
Except as otherwise provided in this Agreement, Agent shall accept withdrawal
and investment instructions with respect to the Collateral held in the Project
Dominion Account at the direction of Borrower or its authorized representatives
and Lakes until such time as Lakes delivers a written notice to Agent and the
Borrower in accordance with Section 5.2 that Lakes is thereby exercising
exclusive control over the Project Dominion Account ("Notice of Exclusive
Control"), provided that the proceeds of any such investments are deposited in
or credited to the Project Dominion Account contemporaneously with such
transaction; and provided, further, such investment instructions shall not
affect the type or nature of Collateral for attachment and perfection purposes
under the Oklahoma Uniform Commercial Code (as may be amended from time to time)
or any other applicable law. After Agent receives the Notice of Exclusive
Control, it will immediately cease complying with any investment instructions
concerning Project Dominion Account originated by Borrower or its
representatives and shall comply with only such investment instructions as are
originated by Lakes.

     Section 3.3 DURATION. The pledge and security interests granted herein in
the Collateral will respectively continue with respect to Lakes until cancelled
or terminated by Lakes under a written cancellation instrument signed by such
party or except as otherwise provided pursuant to an arbitration award made in
an arbitration proceeding to which Lakes and the Borrower are parties. Lakes
acknowledges and agrees that it shall cause the termination of this Agreement as
and when the Management Contract has been terminated, all Obligations have been
paid in full and Lakes no longer has any commitment to make loan advances, if
any, to the Borrower under the Management Contract.

                                    ARTICLE 4
                               BORROWER COVENANTS

     Section 4.1 Covenants of the Borrower. During the term of this Agreement,
the Borrower will observe and comply with the following requirements, unless
Lakes shall otherwise consent in writing:

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     (a) Further Assurance. The Borrower will promptly execute and deliver all
instruments and documents, and take such actions that may be necessary or that
the Agent or LAKES may reasonably request, in order to perfect and protect the
security interests granted hereby or, after an Event of Default, to enable the
Agent or Lakes to exercise and enforce its right and remedies hereunder with
respect to any Collateral in accordance with this Agreement. Without limiting
the generality of the foregoing, the Borrower will execute and file such
financing statements or continuation statements in respect thereof, or
amendments thereto, and such other instruments of notices, as may be necessary
or desirable, or as the Agent or Lakes may reasonably request, in order to
perfect, preserve, and enhance the security interests granted hereby. The
Borrower hereby authorizes the Agent, with the prior written consent of Lakes,
or Lakes to file this Agreement (if the Borrower shall fail to provide an
appropriate financing statement within ten (10) business days after request) or
one or more continuation statements in respect thereof, relating to all or any
part of the Project Dominion Account or the Project Revenues without the
additional signature or consent of the Borrower where permitted by law. A
photocopy or other reproduction of this Agreement or any financing statement
covering the Project Dominion Account and Project Revenues or any part thereof
shall be sufficient as a financing statement where permitted by law.

     (b) No Revocation. The Borrower shall not revoke any direction or
authorization required or authorized to be given to the collection bank(s) and
Agent pursuant to Article 2 or elsewhere herein unless authorized pursuant to an
arbitration award made in an arbitration proceeding to which Lakes and the
Borrower are parties.

     (c) Financial Statements. After the occurrence of a Material Breach and
termination of the Management Contract, the Borrower will furnish the following
to Lakes upon request:

          (i)  Within thirty (30) days after the end of each month and one
               hundred twenty (120) days after the end of each Fiscal Year,
               financial and operating statements of the Project for such month
               (and year-to-date) or Fiscal Year, as applicable, including a
               balance sheet and a profit and loss statement, all in reasonable
               detail and conforming to generally accepted accounting principles
               for gaming operations. The monthly statements shall be prepared
               and certified by the Borrower as being true and correct
               representations of the information set forth therein and the
               annual financial statements shall be prepared, audited and
               certified by independent certified public accountants with casino
               auditing experience employed or retained by the Borrower. Lakes
               agrees that any such information, as well as any other
               information it may receive from Borrower relating to the Project,
               shall be and remain subject to the provisions of Section 9.20 of
               the Management Contract.

          (ii) Within fifteen (15) days after the filing thereof, a copy of the
               Borrower's regulatory filings under IGRA and its Tribal-State
               Compact, if any, for each calendar year during the term hereof,
               with all schedules attached.

          (iii) With each of the annual audited and monthly unaudited financial
               statements delivered pursuant to this subsection a certificate of
               the chief

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               financial officer of the Borrower or an appropriate officer of
               the manager of the Project, substantially in the form set forth
               in Exhibit B stating that, except as explained in reasonable
               detail in such certificate, all Gross Total Revenues with respect
               to the Project has been deposited into the Project Dominion
               Account for the period covered by such financial statement. If
               such certificate discloses an exception to such certification,
               such certificate shall set forth what action the Borrower has
               taken or proposes to take with respect thereto.

     (d) Insurance. At such time as Lakes shall no longer be the Manager of the
Project, the Borrower shall cause to be maintained insurance as required by the
Management Contract and naming Lakes as an additional insured, loss payee and
mortgagee, if applicable. Upon request, the Borrower shall provide to the Agent
and Lakes certificates of insurance or copies of insurance policies evidencing
that such insurance satisfying the requirements of such Management Contract is
in effect at all times.

                                    ARTICLE 5
                           EVENTS OF DEFAULT/REMEDIES

     Section 5.1 Events of Default. Each of the following occurrences shall
constitute an Event of Default:

     (a) Any material representation or warranty made by or on behalf of the
Borrower herein or in any report, certificate or other document furnished by or
on behalf of the Borrower pursuant to this Agreement shall prove to be false or
misleading in any material respect when made, and such false or misleading
statement shall cause a material loss or have a material adverse effect on any
Collateral of Lakes described in this Agreement or any other Transaction
Documents and such loss or adverse effect is not cured by the Borrower within
sixty (60) days after providing notice thereof to the Borrower.

     (b) The Borrower shall default in the due observance or performance of any
of its material obligations hereunder and such default shall continue for thirty
(30) days (unless a shorter or longer cure period is provided under the terms of
this Agreement) after written notice thereof has been sent to the Borrower by
Lakes or Agent; provided, however, that if the nature of such default (but
specifically excluding defaults curable by the payment of money) is such that it
is not possible to cure such default within such cure period, such cure period
shall be extended for so long as the Borrower shall be using diligent efforts to
effect a cure thereof.

     (c) A Material Breach by Borrower shall occur and such default shall
continue for thirty (30) days after written notice thereof has been sent to the
Borrower by Lakes.

     (d) An event of default shall have occurred under the Operating Note and
shall have continued beyond any applicable grace or cure period.

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     Section 5.2 REMEDIES ON DEFAULT. Whenever an Event of Default shall have
occurred and be continuing and, if such default is not cured within any
applicable cure period, Lakes may thereafter give Agent and the Borrower a
Notice of Exclusive Control, and Agent (for and on behalf and at the direction
of Lakes) or Lakes, as applicable, shall be entitled to pay to Lakes from the
Project Dominion Account all amounts otherwise payable to the Borrower under
Section 5.5 of the Management Contract, and to apply the same towards the
repayment of the Obligations, and to endorse in the name of the Borrower any
checks, drafts, notes or other instruments or documents received in payment of
or on account of the Project Revenues or other Collateral; and any such proceeds
so received and prepaid shall be applied to installments of principal on the
Obligations in the inverse order of their maturity; and provided further that
Lakes may obtain any injunctive or other relief as is necessary for the
enforcement of this Agreement and the terms and provisions set forth herein, and
may exercise such other rights and remedies available by law or agreement;
PROVIDED, HOWEVER, that any and all obligations of Borrower and remedies of
Lakes shall be Limited Recourse and shall be subject to the limitations set
forth in the Resolution of Limited Waiver attached to the Management Contract;
and provided further that, notwithstanding any term or provision contained
herein, Lakes shall take all steps necessary to continue to permit and cause the
necessary withdrawals and transfers to be made from the Project Dominion Account
in accordance with Section 2.3 hereof, with the exception that Lakes shall be
entitled to retain all amounts otherwise payable to the Borrower under Section
6.5 (including any payments required to be made under Section 5.5(a)(i)) of the
Management Contract and apply the same towards the repayment of the Obligations;
and in no event shall Lakes exercise any remedy against the Borrower (excluding
other third parties) with respect to the Project Revenues other than such
remedies as are necessary to require their deposit into the Project Dominion
Account or seeking an accounting and turnover of any Project Revenues held in
trust by the Borrower as required under Section 2.2 hereof until such time that
the Borrower shall have ceased business operations at the Project, at which time
Lakes may exercise all rights and remedies under applicable law or by agreement
and apply all proceeds of the Collateral to the repayment of the Obligations.
Borrower agrees that, to the extent notice of sale shall be required by law with
respect to the disposition of any Collateral, at least ten (10) calendar days
notice to the Borrower of the time and place of any public sale or the time
after which a private sale is to be made shall constitute reasonable
notification. Lakes agrees that it shall withdraw and terminate any Notice of
Exclusive Control at such time that all outstanding Events of Default have been
cured by the Borrower.

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

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     The Agent's and Lakes' sole duty with respect to the custody, safekeeping
and preservation of the Collateral, under Section 9-207 of the Code or
otherwise, shall be to deal with it in the same manner as either of them deals
with similar property for their own account. Neither the Agent nor Lakes nor any
of their directors, officers, trustees, employees, representatives, or agents
shall be liable for failure to demand, collect or realize upon all or any part
of the Collateral or for any delay in doing so or shall be under any obligation
to sell or otherwise dispose of any Collateral in connection with the exercise
of any of their rights and remedies under this Agreement.

     Each of the parties hereto acknowledge and agree that all reasonable costs
and expenses incurred by the Agent after an Event of Default and expiration in
connection with the exercise of any remedy hereunder, including reasonable
attorneys' fees, are the costs, expense and responsibility of the Borrower and
shall be paid from the Project Dominion Account notwithstanding any other terms,
provisions or priorities set forth in this Agreement; provided however that if
the Borrower is the prevailing party in any action or proceeding seeking
enforcement of this Agreement, then the Borrower shall not be and Lakes shall be
responsible for such related costs and expenses.

     Section 5.3 WAIVERS; REMEDIES. Any waiver given by Lakes hereunder shall be
effective if it is in writing and only in the specific instance and for the
specific purpose given. Mere delay or failure to act shall not preclude the
exercise or enforcement of any rights and remedies available to Lakes. All
rights and remedies of the Agent and/or Lakes shall be cumulative and may be
exercised singularly in any order or concurrently, at the option of Lakes, and
the exercise or enforcement of any such right or remedy shall neither be a
condition to nor a bar to the exercise or enforcement of any other right or
remedy.

                                    ARTICLE 6
                                    THE AGENT

     Section 6.1 AGENT'S RIGHTS AND DUTIES.

     (a) The Agent's sole agency and duty with respect to Lakes and this
Agreement is for the purposes of perfecting Lakes' pledge and security interest
in the Collateral and the Agent shall have no other duty or obligation,
fiduciary or otherwise to Lakes except to the extent expressly set forth herein.

     (b) The Agent undertakes to perform such duties as are specifically set
forth in this Agreement, and no implied covenants or obligations shall be read
into this Agreement against the Agent.

     (c) In the absence of bad faith on its part, Agent may conclusively rely,
as to the truth of the statements and the correctness of the opinions expressed
therein, upon certificates or opinions furnished to the Agent and conforming to
the requirements of this Agreement believed by it to be genuine and to have been
signed or presented by the proper party or parties; but in the case of any such
certificates or opinions which by any provision hereof are specifically required

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to be furnished to the Agent, the Agent shall be under a duty to examine the
same to determine whether or not they conform to the requirements hereof.

     (d) In case an Event of Default has occurred and is continuing, the Agent
shall exercise such of the rights and powers vested in it by this Agreement, and
use the same degree of care and skill in their exercise, as a prudent person
would exercise or use under the circumstances in the conduct of such person's
own affairs.

     (e) No provision of this Agreement shall be construed to relieve the Agent
from liability for its own wilful misconduct, negligence or breach of duty
hereunder, except that:

          (i)  this subsection shall not be construed to limit the effect of
               subsections (a) or (b) of this Section;

          (ii) the Agent shall not be liable for any error, of judgment made in
               good faith by an officer of the Agent, unless it shall be proved
               that the Agent was negligent in ascertaining the pertinent facts;
               and

          (iii) no provision of this Agreement shall require the Agent to expend
               or risk its own funds or otherwise incur any financial liability
               in the performance of any of its duties hereunder, or in the
               exercise of any of its rights or powers, if it shall have
               reasonable grounds for believing that repayment of such funds or
               adequate indemnity against such risk or liability is not
               reasonably assured to it.

     (f) Except for the requirements under Section 3.2 hereof, the safekeeping
of any funds in its possession, the accounting for funds actually received by it
hereunder and the investment of the funds in accordance with the instructions of
the Borrower (provided Lakes has not issued a Notice of Exclusive Control) and
Lakes, the Agent shall have no duty as to any Project Revenues or other
Collateral or as to the taking of any necessary steps to preserve rights against
any Persons or any other rights pertaining to any Project Revenues or other
Collateral.

     Section 6.2 INDEMNIFICATION. The Borrower and Lakes jointly and severally
agree to hold the Agent harmless and to defend the Agent against any claims,
causes of actions or damages arising out of any claim against the Agent by any
Person with respect to amounts due to such Person from sums paid to the Agent
hereunder, other than with respect to claims arising out of the willful
misconduct or gross negligence by the Agent, its officers, agents or employees,
in the performance of its duties under this Agreement, and any such amounts
shall be deemed to be Costs of Gaming Operations under the Management Contract
and subject to the terms of Section 2.9 thereof.

     Section 6.3 FEES AND EXPENSES. The Borrower agrees to pay the Agent its
reasonable fees and charges for serving as Agent hereunder and after an Event of
Default to pay and reimburse the Agent or Lakes on demand for all out-of-pocket
expenses (including in each case all filing and recording fees and taxes and all
reasonable fees and expenses of counsel) incurred or expended by the Agent or
Lakes in connection with the creation, perfection, satisfaction, foreclosure or
enforcement of the security interests granted hereby and the preparation,

                                                                         Page 11

<PAGE>

administration and enforcement of this Agreement; provided however that if the
Borrower is the prevailing party in any action or proceeding seeking enforcement
of this Agreement, then the Borrower shall not be and Lakes shall be responsible
for such related costs and expenses. If Borrower shall fail to pay any of such
costs when due, Lakes may make a withdrawal or proceeds from the Project
Dominion Account in an amount sufficient to cause the payment of the same or
reimburse Lakes for any such payment.

     Section 6.4 CERTAIN RIGHTS OF AGENT. Except as otherwise provided in
Section 6.1 hereof:

     (a) The Agent may rely and shall be protected in acting or refraining from
acting upon any certificate, statement, instrument, opinion, report, notice,
request, direction, consent, order or other paper or documents believed by it to
be genuine and to have been signed or presented by the proper party or parties.

     (b) Whenever in the administration of this Agreement the Agent shall deem
it desirable that a matter be proved or established prior to taking, suffering,
or omitting to take any action hereunder, the Agent (unless other evidence be
herein specifically prescribed) may, in the absence of bad faith on its part,
rely upon a certificate of an officer of Lakes.

     (c) The Agent shall not be bound to make any investigation into the facts
or matters stated in any certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order or other paper or document believed
by it to be genuine and to have been signed or presented by the proper party or
parties, but the Agent, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit.

     Section 6.5 AGENT REQUIRED, SELECTION AND ELIGIBILITY. On or before sixty
(60) days prior to the Commencement Date (as estimated by the Borrower and
Lakes), Borrower shall select an eligible financial institution to act as the
agent (the "Agent") under this Agreement and cause the Agent to execute a
counterpart signature page to this Agreement, thereby becoming a party hereto.
Thereafter, there shall at all times be an Agent hereunder. Any such Agent shall
be a financial institution organized and doing business under the laws of the
United States of America or of any State, having a combined capital, undivided
profits and surplus of at least $500,000,000. If at any time the Agent shall
cease to be eligible in accordance with the provisions of this Section, it shall
resign immediately in the manner and with the effect hereinafter specified in
this Article 6.

     Section 6.6 RESIGNATION AND REMOVAL, APPOINTMENT OF SUCCESSOR.

     (a) No resignation or removal of the Agent and no appointment of a
Collecting Bank pursuant to this Article shall become effective until the
acceptance of appointment by the Collecting Bank under Section 6.7 and execution
by such Collecting Bank of a joinder agreement assuming the obligations of such
resigning Agent hereunder or of a Dominion Account Agreement substantially in
the form of this Agreement.

                                                                         Page 12

<PAGE>

     (b) The Agent may resign at any time by giving thirty (30) days prior
written notice thereof to the Borrower and Lakes. If an instrument of acceptance
by a Collecting Bank shall not have been delivered to the Agent within thirty
(30) days after the giving of such notice of resignation, the resigning Agent
may petition any court of competent jurisdiction for the appointment of a
Collecting Bank.

     (c) Subject to subsection (a) above, the Agent may be removed at any time
by an instrument in writing executed by the Borrower and Lakes (so long as a
Notice of Exclusive Control has not been issued by Lakes to the Agent) and
delivered to the Agent.

     (d) If the Agent shall resign or be removed for any cause, the Borrower (so
long as a Notice of Exclusive Control has not been issued by Lakes to the Agent)
and Lakes shall promptly appoint a Collecting Bank.

     (e) The Borrower shall give notice of each removal of the Agent and each
appointment of a Collecting Bank by mailing written notice of such event within
15 days thereof by certified mail, return receipt requested, postage prepaid, to
Lakes. Each notice shall include the name of the Collecting Bank and the address
of its principal corporate trust office.

     Section 6.7 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR. Every Collecting Bank
appointed hereunder shall execute, acknowledge, and deliver to the Borrower and
Lakes, and to the retiring Agent an instrument accepting such appointment, and
thereupon the resignation or removal of the retiring Agent shall become
effective and such Agent, without any further act, deed, or conveyance, shall
become vested with all the rights, powers, trusts, and duties of the retiring
Agent, but, on request of the Borrower, Lakes or the Collecting Bank, such
retiring Agent shall, upon payment of its charges, execute and deliver an
instrument transferring to such Collecting Bank all the rights, powers and
trusts of the retiring Agent, and shall duly assign, transfer and deliver to
such Collecting Bank all property and money held by such retiring Agent
hereunder. Upon request of any such Collecting Bank, the Borrower shall execute
any and all instruments for more fully and certain vesting in and confirming to
such Collecting Bank for all such rights, powers and trusts.

     Section 6.8 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS.
Any corporation into which the Agent may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion,
or consolidation to which the Agent shall be a party, or any corporation
succeeding to all or substantially all of the corporate trust business of the
Agent, shall be the successor of the Agent hereunder, without the execution or
filing of any paper or any further act on the part of any of the parties hereto.

     Section 6.9 NO SET-OFF. The Agent shall not set off from the Collateral any
obligations or other amounts which may be payable to the Agent by the Borrower,
Lakes or by any other Person, other than amounts due pursuant to Section 6.3.

     Section 6.10 CONFLICTS. In the event of any inconsistency between this
Agreement and any depository agreement of Agent now or hereafter existing with
respect to the Project Dominion Account, the terms of this Agreement shall
control.

                                                                         Page 13

<PAGE>

                                    ARTICLE 7
                                  MISCELLANEOUS

     Section 7.1. NOTICES. Except as otherwise provided herein, any notice or
demand which, by provision of this Agreement, is required or permitted to be
given or served any party to the others shall be deemed to have been
sufficiently given and served for all purposes: (a) (if mailed) three (3)
calendar days after being deposited, postage prepaid, in the United States Mail,
registered or certified mail; or (b) (if delivered by express courier) one
Business Day after being delivered to such courier; or (c) (if delivered in
person) the same day as delivery, or until another address or addresses are
given in writing by a party as follows:

If to the Borrower:    Pawnee Chilocco Gaming Corporation
                       871 Little D. Drive, Building 68
                       P.O. Box 280
                       Pawnee, OK 74058
                       Attention: Chairman

     With a copy to:   David J. Ketelsleger, Esq.
                       McAfee & Taft
                       Two Leadership Square
                       Tenth Floor
                       211 North Robinson
                       Oklahoma City, OK 73102-7103

If to Lakes:           Lakes Pawnee Management, LLC
                       130 Cheshire Lane
                       Minnetonka, MN
                       Attention: Timothy J. Cope

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

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

To Agent:              At the address set forth on the signature page hereto.

     Any notice given under this Agreement by any party shall be given to all
parties.

                                                                         Page 14

<PAGE>

     Section 7.2 SEVERABILITY. If any provision of this Agreement is prohibited
by, or is unlawful or unenforceable under, any applicable law of any
jurisdiction, such provision shall, as to such jurisdiction, be ineffective to
the extent of such prohibition without invalidating the remaining provisions
hereof, provided, however that where the provisions of any such applicable law
may be waived, they hereby are waived by the Parties to the fullest extent
permitted by law to the end that this Agreement shall be deemed to be a valid
and binding agreement in accordance with its terms.

     Section 7.3 SURVIVAL. The warranties, representations, covenants and
agreements set forth herein shall survive the execution and delivery of this
Agreement and shall continue in full force and effect until this Agreement has
been terminated pursuant to Section 3.3 hereof.

     Section 7.4 CAPTIONS. Captions herein are for convenience only and shall
not be deemed part of this Agreement.

     Section 7.5 BINDING EFFECT. Subject to any limitations on assignment set
forth in the Management Contract, this Agreement shall be binding upon and inure
to the benefit of the parties hereto, their respective successors and assigns.

     Section 7.6 AMENDMENTS. This Agreement may not be amended, modified,
waived, cancelled or terminated, except in writing executed by all of the
parties hereto.

     Section 7.7 RIGHTS, POWERS, WAIVERS, ETC. Each and every right, remedy and
power granted to Agent and Lakes hereunder or to Lakes under the Obligations
shall be cumulative and may be exercised by the Agent or Lakes, as applicable,
from time to time concurrently or independently as often and in such order as
the Agent or Lakes may deem expedient; provided, however, that any and all
remedies of the Agent and Lakes shall be Limited Recourse. No failure on the
part of the Agent or Lakes to exercise and no delay in exercising, any power or
right hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any power or right preclude any other or further exercise
thereof of any other power or right.

     Section 7.8 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be considered an original but together shall
constitute one and the same instrument.

     Section 7.9 SOVEREIGN IMMUNITY WAIVER; ARBITRATION; SUBMISSION TO
JURISDICTION. This Agreement constitutes the Dominion Account Agreement as
defined and referred to in Section 2.8(a) of the Management Contract. As such
and without limiting the scope of such Management Contract, the provisions of
Section 9.10 and Article 10 of the Management Contract apply to this Agreement
and are hereby incorporated by reference, including, without limitation, the
limited sovereign immunity waiver, limitations on recourse and arbitration and
jurisdiction provisions contained therein and the Resolution of Limited Waiver
attached thereto. This Agreement and the Project Dominion Account will be
governed by the internal laws of the State of Oklahoma without giving effect to
its conflict of laws principles and without limiting the foregoing, the Oklahoma
Uniform Commercial Code (as may be amended form time to time) notwithstanding
any provision therein or other applicable law that would otherwise make such

                                                                         Page 15

<PAGE>

laws inapplicable to the Borrower. The parties hereto may not change the law
governing this Agreement and the Project Dominion Account without express
written consent of the Borrower, Agent and LAKES.

     Section 7.10 AGREEMENTS CONTROL. In the event of inconsistency between the
Management Contract and this Agreement, this Agreement shall control.

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

                                                                         Page 16

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Dominion Account
Agreement, in counterparts and under seal, as of the Effective Date.

                                        "BORROWER"

                                        Pawnee Chilocco Gaming Corporation

                                        By: /s/ Monty Matlock
                                            ------------------------------------
                                        Name: Monty Matlock
                                              ----------------------------------
                                        Its:  Chairman
                                             -----------------------------------

                                        ATTEST:

                                        By: /s/ Leslie Hand
                                            ------------------------------------
                                        Name: Leslie Hand
                                              ----------------------------------
                                        Its: President
                                             -----------------------------------

                                        LAKES PAWNEE MANAGEMENT, LLC

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

                                        ATTEST:

                                        By: /s/ Kevin Kean
                                            ------------------------------------
                                        Name: Kevin Kean
                                              ----------------------------------
                                        Its:
                                             -----------------------------------

Date of Joinder of Agent: ________ , 200__

                                        "AGENT"

                                        [______________________________________]

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Its:
                                             -----------------------------------

                                        ADDRESS FOR NOTICES:

                                        ----------------------------------------

                                        ----------------------------------------

                                        ----------------------------------------

DOMINION AGREEMENT

<PAGE>

                                    EXHIBIT A

                        COLLECTING BANK JOINDER AGREEMENT

     THIS JOINDER AGREEMENT is dated as of __________, 200__ by
________________________________, a __________________________________
("Collecting Bank").

     WHEREAS, pursuant to Section 2.2 of that certain Dominion Account Agreement
dated January 12, 2005 (as amended or otherwise modified from time to time, the
"Dominion Agreement") by and among Pawnee Chilocco Gaming Corporation
("Borrower"), Lakes Pawnee Management, LLC ("Lakes") and
____________________________________ ("Agent"), the Collecting Bank, must
execute and deliver a Joinder Agreement in accordance with the Agreement.

     NOW THEREFORE, as a further inducement to Lakes to continue to provide
credit accommodations, development and management services to the Borrower, the
Collecting Bank hereby covenants and agrees as follows:

     1.   All capitalized terms used herein shall have the meanings assigned to
          them in the Dominion Agreement unless expressly defined herein to the
          contrary.

     2.   The Collecting Bank hereby enters into this Joinder Agreement in order
          to comply with Section 2.2 of the Agreement and acknowledges receipt
          of a copy of the Dominion Agreement.

     3.   Collecting Bank will be from time to time receiving Project Revenues
          from the Borrower which shall be deposited into account No.
          ____________ maintained by the Borrower with the Collecting Bank (such
          account, together with any replacement thereof shall hereinafter be
          referred to as the "Collecting Bank Account").

     4.   The Collecting Bank acknowledges and agrees that it shall comply with
          and be bound by each of the terms and provisions of the Dominion
          Agreement as if originally a party thereto and all references set
          forth in the Dominion Agreement to "Project Dominion Account" shall be
          deemed to be references to the Collecting Bank Account and all
          references to the "Agent" shall be deemed to be references to the
          Collecting Bank; provided, however, that Collecting Bank hereby
          acknowledges and agrees that on each Business Day all collected
          Project Revenues and other collateral delivered to or received by it
          shall be transferred directly to the Agent in immediately available
          funds.

DOMINION AGREEMENT

<PAGE>

     5.   Without limiting the foregoing, Collecting Bank does hereby
          acknowledge and agree that Lakes is the holder of a prior perfected
          security interest in the Project Revenues notwithstanding their
          deposit into the Collection Bank Account or their other transfer to
          the Collecting Bank, and hereby waives any conflicting security
          interest or rights of set off in or to any of such Project Revenues
          and related Collateral.

     6.   This Joinder Agreement shall be governed by the laws of the State of
          Oklahoma and shall be binding upon the Collection Bank and its
          successors and assigns.

     IN WITNESS WHEREOF, the undersigned Collection Bank has executed and
delivered this Joinder Agreement as of the date set forth above.

                                                                            Bank
                                        -----------------------------------

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Its:
                                             -----------------------------------

DOMINION AGREEMENT

<PAGE>

                                    EXHIBIT B

                             COMPLIANCE CERTIFICATE

Dated ____________, 200_

     I, the Chief Financial Officer of Pawnee Chilocco Gaming Corporation (the
"Borrower"), do hereby provide this Compliance Certificate in connection with
that certain Dominion Account Agreement dated January 12, 2005 (the "Dominion
Agreement"), by and between the Borrower, Lakes, and __________________________
Bank (the "Bank"); capitalized terms used but not otherwise defined herein shall
have the meaning set forth in the Dominion Agreement.

     I certify that as of the date hereof:

     1)   All Gross Total Revenues arising from the operations of the Project
          from ________________, 200__ to ______________, 200__ have been
          deposited into the Project Dominion Account, Account No. _____________
          with the Bank.

                                        PAWNEE CHILOCCO GAMING CORPORATION

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Its: Chief Financial Officer

DOMINION AGREEMENT<PAGE>
                                                                  Exhibit 10.112

                               SECURITY AGREEMENT

                           (LAKES PAWNEE MANAGEMENT)

                                (CHILOCCO SITE)

     This Security Agreement is made and entered into on January 12, 2005, by
and between Pawnee Chilocco Gaming Corporation (hereinafter referred to as
"Pawnee" or "Debtor"), a wholly owned subsidiary of the Pawnee Tribal
Development Corporation ("Pawnee TDC"), each created under the Constitution of
and a governmental subdivision of the Pawnee Nation of Oklahoma ("Pawnee
Nation"), a federally recognized Indian tribe, whose business office is located
at 871 Little D. Drive, Building 68, P.O. Box 280, Pawnee, OK 74058, and Lakes
Pawnee Management, LLC, a Minnesota limited liability company (hereinafter
referred to as "Lakes" or "Secured Party"), whose business office is located at
130 Cheshire Lane, Minnetonka, Minnesota 55305.

                                    RECITALS

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

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

     WHEREAS, Secured Party has entered into an agreement with Debtor dated
January 12, 2005 (as amended from time to time, the "Management Contract"),
pursuant to which Lakes is to manage the Project's Gaming Facility and related
Ancillary Facilities owned by Debtor.

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

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

                                   AGREEMENT

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

          1. CREATION OF SECURITY INTEREST. The Debtor hereby assigns, pledges
and grants to Secured Party, for and on behalf of Secured Party itself and its
Affiliates, a security interest in the Debtor's right, title and interest in and
to the collateral described in Section 2 hereinbelow in each

                                  Page 1 of 15

<PAGE>

case whether now owned or hereafter acquired by Debtor in order to secure the
payment and performance of the obligations of Debtor to Secured Party described
in Section 3 herein below. On the date of execution of this Agreement, Debtor
shall cause to be delivered to Secured Party: (a) such financing statements and
similar documents necessary to perfect the security interest granted to Secured
Party pursuant to this Agreement (the "Financing Statements"), and (b) a legal
opinion in form and substance reasonably acceptable to Secured Party, opining as
to the due authorization, execution, delivery and enforceability of this
Agreement and the Financing Statements by Debtor, together with opinions as to
Debtor's sovereign immunity waiver and non-contravention with laws and
agreements.

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

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

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

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

          "Project" means the business enterprise of the Debtor now or hereafter
created to engage in Class II Gaming and III Gaming (as defined in the Indian
Gaming Regulatory Act of 1988, Public Law 100-497 ("IGRA")) at the Project's
Gaming Facility, and to conduct the operations of any Ancillary Facilities of
the Project, including, but not limited to, operating and managing office space,
kids arcade, child care facility, hotel with swimming pool and golf course,
restaurant, RV park, retail stores, entertainment facilities, or the sale of
fuel, food, beverages, alcohol, tobacco, gifts, and souvenirs.

          "Project Facilities" means the buildings, structures and improvements
to be

                                  Page 2 of 15

<PAGE>

constructed and used by the Project for its gaming and ancillary operations.

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

          3. SECURED OBLIGATIONS OF DEBTOR. The Collateral secures and shall
hereafter secure the following, whether now existing or hereafter incurred: (i)
all loans, compensation, fees, expenses and other amounts owing by (a) Debtor to
Secured Party or its Affiliates under or with respect to the Operating Note, and
each of the other Transaction Documents (as each of such terms are defined in
the Management Contract), and (b) the Pawnee Nation and/or Pawnee TDC to Secured
Party or its Affiliates under or with respect to the Tribal Agreement or any
other document or agreement executed in favor of Secured Party or its Affiliates
by Pawnee Nation or Pawnee TDC in connection with the Project, each of the
foregoing, whether now existing or hereafter incurred or arising, (ii) any and
all sums advanced by Secured Party in order to preserve the Collateral or
preserve Secured Party's security interest in the Collateral (or the priority
thereof) and (iii) the expenses of retaking, holding, preparing for sale or
lease, selling or otherwise disposing of or realizing on the Collateral, of any
proceeding for the collection or enforcement of any indebtedness, obligations or
liabilities of Debtor referred to above, or of any exercise by Secured Party of
its rights hereunder, together with reasonable attorneys' fees and disbursements
and court costs (collectively, the "Secured Obligations"); PROVIDED HOWEVER,
Secured Party agrees to terminate this Security Agreement upon request if Debtor
has satisfied the following conditions: (a) all Secured Obligations have been
repaid in full to Secured Party and Secured Party has no further obligation, if
any, to make advances under the Management Contract with respect thereto, and
(b) the Management Contract has been terminated in accordance with its terms.

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

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

          (a) the Debtor is (or, to the extent that the Collateral is acquired
after the date hereof, will be) the sole legal and beneficial owner of its
respective Collateral and has exclusive possession and control thereof; there
are no security interests in, liens, charges or encumbrances on, or adverse
claims of title to, or any other interest whatsoever in, such Collateral or any
portion thereof except such liens permitted by and subject to the terms of
Section 2.23 of the Management Contract and that are created by this Security
Agreement ("Permitted Liens"); and that no financing statement, notice of lien,
mortgage, deed of trust or instrument similar in effect covering the Collateral
or any portion thereof or any proceeds thereof ("Lien Notice") exists or is on
file in any public office, except as relates to Permitted Liens and except as
may have been filed in favor of Secured Party relating to this Security
Agreement or related agreements, or for which duly executed termination
statements have been delivered to Secured Party for filing;

          (b) the Debtor has full right, power and authority to execute, deliver
and perform this Security Agreement. This Security Agreement constitutes a
legally valid and binding

                                  Page 3 of 15

<PAGE>

obligation of the Debtor, enforceable against the Debtor in accordance with its
terms subject to any limitations set forth in the Resolution of Limited Waiver
attached to the Management Contract. Subject to the completion of the items
identified in Section 4(c) below, the provisions of this Security Agreement are
effective to create in favor of Secured Party a valid and enforceable first,
prior and perfected security interest in the Collateral;

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

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

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

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

          (g) Intentionally omitted;

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

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

          (j) none of the execution, delivery and performance of this Security
Agreement by Debtor, the consummation of the transactions herein contemplated,
the fulfillment of the terms hereof or the exercise by Secured Party of any
rights or remedies hereunder will constitute or result in a breach of any of the
terms or provisions of, or constitute a default under, or constitute an event
which with notice or lapse of time or both will result in a breach of or
constitute a default under, any agreement, indenture, mortgage, deed of trust,
equipment lease, instrument or other

                                  Page 4 of 15

<PAGE>

document to which Debtor is a party, conflict with or require approval,
authorization, notice or consent under any law, order, rule, regulation, license
or permit applicable to Debtor of any court or any federal or state government,
regulatory body or administrative agency, or any other governmental body having
jurisdiction over Debtor or its properties, or require notice, consent, approval
or authorization by or registration or filing with any person or entity
(including, without limitation, any stockholder or creditor of Debtor) other
than any notices to Debtor from Secured Party required hereunder except as may
be agreed to by Debtor and Secured Party. Except for the Permitted Liens, none
of the Collateral is subject to any agreement, indenture, mortgage, deed of
trust, equipment lease, instrument or other document to which Debtor is a party
that may restrict or inhibit Secured Party's rights or ability to sell or
dispose of the Collateral or any part thereof after the occurrence of an Event
of Default (as defined herein).

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

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

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

          (c) Intentionally Omitted;

          (d) Debtor will promptly, and in no event later than 21 days after a
request by Secured Party, procure or execute and deliver all further instruments
and documents (including, without limitation, notices, legal opinions, financing
statements, mortgagee waivers, landlord disclaimers and subordination
agreements) necessary or appropriate to and take any other actions which are
necessary or, in the judgment of Secured Party, desirable or appropriate to
perfect or to continue the perfection, priority and enforceability of Secured
Party's security interests in the Collateral, to enable Secured Party to
exercise and enforce its rights and remedies hereunder with respect to any
Collateral, to protect the Collateral against the rights, claims or interests of
third persons, or to effect or to assure further the purposes and provisions of
this Security Agreement, and will pay all reasonable costs incurred in
connection therewith. Without limiting the generality of the foregoing, Debtor
will: (i) mark conspicuously each item of chattel paper and each other contract
included in the Collateral with a legend, in form and substance satisfactory to
Secured Party, indicating that such chattel paper and other contracts are
subject to the security interests granted hereby; (ii) execute and file such
financing or continuation statements, or amendments thereto, and

                                  Page 5 of 15

<PAGE>

such other instruments or notices as may be necessary or desirable, which
Secured Party may reasonably request in order to perfect and preserve the
perfection and priority of the security interests granted or purported to be
granted hereby; (iii) if any Collateral shall be evidenced by a promissory note
or other instrument or chattel paper (other than checks received by any Debtor
in the ordinary course of business), deliver and pledge to Secured Party such
note or instrument or chattel paper duly endorsed and accompanied by duly
executed instruments of transfer or assignment, all in form and substance
reasonably satisfactory to Secured Party; (iv) if any Collateral is at any time
in the possession or control of any warehouseman, bailee, consignee or any of
Debtor's agents or processors, Debtor shall notify such warehouseman, bailee,
consignee, agent or processor of the security interests created or purported to
be created hereby, shall cause such warehouseman, bailee, consignee, agent or
processor to execute any financing statements or other documents which Secured
Party may request, and, upon the request of Secured Party after the occurrence
and during the continuation of an Event of Default, shall instruct such person
to hold all such Collateral for Secured Party's account subject to Secured
Party's instructions; (v) deliver and pledge to Secured Party all securities and
instruments (other than checks received by Debtor in the ordinary course of
business) constituting Collateral duly endorsed and accompanied by duly executed
instruments of transfer or assignments, all in form and substance satisfactory
to Secured Party; and (vi) at the request of Secured Party, deliver to Secured
Party any and all certificates of title, applications for title or similar
evidence of ownership of all Collateral and shall cause Secured Party to be
named as lienholder on any such certificate of title or other evidence of
ownership;

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

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

                                  Page 6 of 15

<PAGE>

or other disposition, and Debtor will hold the proceeds thereof in a separate
account for Secured Party's benefit. Debtor will, at Secured Party's request,
transfer such proceeds to Secured Party in kind;

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

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

          (i) The Debtor shall cause to be maintained insurance with respect to
the Project and Collateral as required by the Management Contract and naming
Secured Party as an additional insured, loss payee and mortgagee, if applicable.
Upon request, the Debtor shall provide to the Secured Party certificates of
insurance or copies of insurance policies evidencing that such insurance
satisfying the requirements of such Management Contract is in effect at all
times;

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

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

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

          (m) Intentionally omitted;

                                  Page 7 of 15

<PAGE>

          (n) Intentionally omitted;

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

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

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

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

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

          6. DEFAULTS AND REMEDIES

                                  Page 8 of 15

<PAGE>

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

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

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

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

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

          (a) declare all Secured Obligations to be immediately due and payable,
whereupon all Secured Obligations shall become and be immediately due and
payable;

          (b) if the Management Contract is terminated and either (i) the
Commencement Date (as defined in the Management Contract) has not occurred, or
(ii) the Debtor does not or at any time fails to continue operations of Class II
Gaming and/or Class III Gaming at the Project's Gaming Facility or any material
portion of the Project Facilities, Secured Party may immediately take possession
of any of the Collateral wherever it may be found or require the Debtor to
assemble the Collateral or any part thereof and make it available at one or more
places as Secured Party may designate, and to deliver possession of the
Collateral or any part thereof to Secured Party, who shall have full right to
enter upon any or all of Debtor's places of business, premises and property to
exercise Secured Party's rights hereunder; and without notice (except as
specified below), sell the Collateral or any part thereof in one or more parcels
at one or more public or private sales, at any of Secured Party's offices or
elsewhere, at such time or times, for cash, on credit or for future delivery,
and at such price or prices and upon such other terms as shall be commercially
reasonable. The Debtor acknowledges and agrees that, to the extent notice of
sale shall be required by law, at least ten (10) days' written notice to Debtor
of the time and place of any public sale or of the date on or after which any
private sale is to be made shall constitute reasonable notification. Any public
sale

                                  Page 9 of 15

<PAGE>

shall be held at such time or times during ordinary business hours and at such
place or places as Secured Party may fix in the notice of such sale.
Notwithstanding the foregoing, Secured Party shall not be obligated to make any
sale of Collateral regardless of notice of sale having been given. Secured Party
may, without notice or publication, adjourn any public or private sale, or cause
the same to be adjourned from time to time by announcement at the time and place
fixed for sale or, with respect to a private sale, after which such sale may
take place, and any such sale may, without further notice, be made at the time
and place to which it was so adjourned or, with respect to a private sale, after
which such sale may take place. Each purchaser at any such sale shall hold the
property sold free from any claim or right on the part of Debtor, and the Debtor
hereby waives, to the full extent permitted by law, all rights of stay and/or
appraisal which Debtor now has or may at any time in the future have under any
rule of law or statute now existing or hereafter enacted. The Debtor also hereby
waives any claims against Secured Party arising by reason of the fact that the
price at which any Collateral may have been sold at a private sale was less than
the price which might have been obtained at a public sale, even if Secured Party
accepts the first offer received and does not offer such Collateral to more than
one offeree. The parties hereto agree that the notice provisions, method, manner
and terms of any sale, transfer or disposition of any Collateral in compliance
with the terms set forth herein or any other provision of this Security
Agreement are commercially reasonable;

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

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

                                 Page 10 of 15

<PAGE>

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

          7. MISCELLANEOUS PROVISIONS

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

If to Debtor:          Pawnee Chilocco Gaming Corporation
                       871 Little D. Drive, Building 68
                       P.O. Box 280
                       Pawnee, OK 74058
                       Attention: Chairman

     With a copy to:   David J. Ketelsleger, Esq.
                       McAfee & Taft
                       Two Leadership Square
                       Tenth Floor
                       211 North Robinson
                       Oklahoma City, OK 73102-7103

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

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

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

                                 Page 11 of 15

<PAGE>

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

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

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

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

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

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

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

                                 Page 12 of 15

<PAGE>

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

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

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

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

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

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

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

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

          (k) Termination of Agreement. Unless earlier terminated pursuant to
Section 3 hereof, this Security Agreement and the security interest hereunder
shall not terminate until full and final payment and performance of all
indebtedness and obligations secured hereunder. At such time, Secured Party
shall reassign and redeliver to Debtor all of the Collateral hereunder which has
not been sold, disposed of, retained or applied by Secured Party in accordance
with the terms hereof, and execute and deliver to Debtor such documents as
Debtor may reasonably request to evidence such termination. Such reassignment
and redelivery shall be without warranty by or recourse to Secured Party, and
shall be at the expense of Debtor; provided, however, that this

                                 Page 13 of 15

<PAGE>

Security Agreement (including all representations, warranties and covenants
contained herein) shall continue to be effective or be reinstated, as the case
may be, if at any time any amount received by Secured Party in respect of the
indebtedness and obligations secured hereunder is rescinded or must otherwise be
restored or returned by Secured Party upon or in connection with the insolvency,
bankruptcy, dissolution, liquidation or reorganization of Debtor or any other
person or upon or in connection with the appointment of any intervenor or
conservator of, or trustee or similar official for, Debtor or any other person
or any substantial part of its assets, or otherwise, all as though such payments
had not been made.

          (l) Sovereign Immunity Waiver; Arbitration; Submission to
Jurisdiction. This Agreement constitutes the Security Agreement as defined and
referred to in the Management Contract. As such and without limiting the scope
of such agreements, the provisions of Section 9.10 and Article 10 of the
Management Contract apply to this Agreement and are hereby incorporated by
reference, including, without limitation, the limited sovereign immunity waiver,
limitations on recourse and arbitration provisions contained therein and the
Resolution of Limited Waiver attached thereto. This Agreement will be governed
by the internal laws of the State of Oklahoma without giving effect to its
conflict of laws principles. The parties hereto may not change the law governing
this Agreement without express written consent of the Debtor and Secured Party.

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

                                 Page 14 of 15

<PAGE>

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

                                        DEBTOR:
                                        PAWNEE CHILOCCO GAMING CORPORATION

ATTEST:

By: /s/ Leslie Hand                     By: /s/ Monty Matlock
    ---------------------------------       ------------------------------------
Name: Leslie Hand                       Name: Monty Matlock
      -------------------------------         ----------------------------------
Its: President                          Title: Chairman
     --------------------------------          ---------------------------------

                                        SECURED PARTY:
                                        LAKES PAWNEE MANAGEMENT, LLC

ATTEST:

By: /s/ Kevin Kean                      By: /s/ Timothy Cope
    ---------------------------------       ------------------------------------
Name: Kevin Kean                        Name: Timothy J. Cope
      -------------------------------
Its:                                    Title: President and Chief Financial
     --------------------------------          Officer

<PAGE>

                                   EXHIBIT A
                                       TO
                               SECURITY AGREEMENT
           (PAWNEE CHILOCCO GAMING CORPORATION COLLATERAL LOCATIONS)

1.   ____________________________________________________, OKLAHOMA

2.   ____________________________________________________, OKLAHOMA

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