Document:

EXHIBIT 10.1

                            CONTRACT FOR THE SALE AND
                             PURCHASE OF REAL ESTATE

     This  CONTRACT  FOR  THE  SALE  AND  PURCHASE  OF  REAL ESTATE (hereinafter
referred  to  as  "Contract") is made and entered into this the 11th day of May,
2006,  by  and  between  the Three Affiliated Tribes of the Fort Berthold Indian
Reservation,  acting  by  and  through  its  governing body, the Tribal Business
Council  (hereinafter  referred  to  as "Purchaser") and Myriad World Resorts Of
Tunica,  LLC,  a  Mississippi  limited  liability company, by and through Larson
Elmore, its Manager (hereinafter referred to as "Seller"), collectively referred
to  as  "Parties".

     WHEREAS, Seller has contracted to purchase the following described property
in  Tunica  County,  Mississippi,  to  wit:

                                     TRACT I
     The  West  Half (W  ) of Section Six (6) less the right of way to the Board
of  Commissioners  to  the Yazoo-Mississippi Levee Board containing 315.3 acres,
more  or  less.

                                    TRACT II
     The  North Half (N   ) of Section Seven (7) west of the right of way to the
Board  of  Commissioners  to  the Yazoo-Mississippi Levee Board containing 242.5
acres,  more  or  less.

                                    TRACT III
     The north 180 feet of the North Half (N  ) of Section Seven (7) east of the
right  of  way  to  the  Board  of  Commissioners to the Yazoo-Mississippi Levee
Board.   (TRACTS  I, II AND III SHALL COLLECTIVELY BE REFERRED TO AS THE "RESORT
PROPERTY");  and,

     WHEREAS, Seller is working on a comprehensive plan to develop a world class
resort  on  the  Resort  Property which may include i) up to six (6) 80,000(+/-)
square  foot  casinos  with  each having an adjoining hotel of approximately 500
rooms,  ii) a 1,200 (+/-) room convention center hotel, iii) appropriate meeting
rooms, iv) appropriate restaurants, v) an eighteen hole golf course which may be
an  indoor  facility,  vi) a five acre or larger water park, vii) an 1,800 (+/-)
seat  indoor  entertainment  amphitheater,  viii)  a multipurpose and/or outdoor
venue  for  concerts,  sporting  events, trade shows and entertainment acts with
seating for up to 20,000 persons, ix) a 375,000 square foot convention and trade
show facility, x) a 120,000 square foot shopping and commercial center and xi) a
health  spa  with  surrounding  botanical  environment, WHICH COLLECTIVELY SHALL
HEREINAFTER  BE  REFERRED  TO  AS  THE  "IMPROVEMENTS";  and,

     WHEREAS,  Purchaser desires to purchase that portion of the Resort Property
(hereinafter  referred  to  as Casino-Hotel #3)  for the purpose of constructing
and  operating up to six Las Vegas style casinos with maximum of an 80,000 sq ft
casino  floor or a minimum 50,000 sq ft casino floor along with a 500 room hotel
on  approximately  4.5  acres  more  or  less  of land located in Tunica County,
Mississippi  ("Casino  Sites")  ;  provided  that  in order for the Purchaser to
secure  funding  either  in the form of loans and/or equity investments that (1)
the  necessary  approvals  have  been  obtained  from the Tunica County Board of
Commissioners  and  the  Mississippi  Gaming Commission for the construction and
operation  of  a  casino, hotel and ancillary facilities (restaurants and bars)-
which  approval  was  received  on March 16, 2006, and (2) sufficient funding in
place  to build the Resort Property, including the infrastructure (roads, sewer,
lights and parking) necessary to service the Resort Property and Casino-Hotel #3
which  will  be  incorporated  into  and  part of the Improvements on the Resort
Property;  and,

     WHEREAS,  the  site  (approximately  4.5  acres  more  or  less) upon which
Casino-Hotel  #3 will be located on is approximately 140.00 acres located within
Section  6,  Township  4  South,  Range  11  West,  in  Tunica  County, State of
Mississippi  is  described  below:

"Being 140.00 acres of land consisting of all of the Northwest Quarter (NW  ) of
Section Six (6), Township Four (4) South, Range Eleven (11) West, Tunica County,
State of Mississippi (excepting the right-of-way for the Yazoo-Mississippi Delta
Levee  Board)  and a portion of the Southwest Quarter (SW  ) of Section Six (6),
Township  Four  (4)  South,  Range  Eleven  (11)  West,  Tunica County, State of
Mississippi  collectively  being  described  as  follows:

BEGINNING  at a found 1" Iron Pipe accepted as representing the Northwest Corner
of  Section  Six  (6),  Township  Four (4) South, Range Eleven (11) West, Tunica
County,  State  of  Mississippi; thence along the north line of said Section Six
(6),  North  89 degrees 55 minutes 19 seconds East a distance of 2299.12' to the
intersection  with  the  west  line  of  the Yazoo-Mississippi Delta Levee Board
property,  said intersection being South 89 degrees 55 minutes 19 seconds West a
distance  of  2972.12'  along said north line from a found Cotton Picker Spindle
accepted  as  representing  the  Northeast  Corner  said Section Six (6); thence
departing  from  said  north  line along said west line of the Yazoo-Mississippi
Delta  Levee Board property the following three (3) calls:  (1) South 02 degrees
12  minutes  00  seconds  West  a  distance  of 552.76', (2) South 20 degrees 13
minutes  00 seconds East a distance of 1022.00', (3) South 23 degrees 18 minutes
00  seconds  East  a distance of 40.70' to a point intersecting the east line of
the Northwest Quarter (NW  ) of said Section Six (6); thence departing from said
west  line  of  the Yazoo-Mississippi Delta Levee Board property along said east
line  of  the  Northwest  Quarter (NW  ) of Section Six (6), South 00 degrees 25
minutes  39  seconds East a distance of 1089.33' to the Southeast corner of said
Northwest  Quarter (NW  )  of Section Six (6); thence along the east line of the
Southwest Quarter (SW  ) of said Section Six (6), South 00 degrees 25 minutes 39
seconds  East  a distance of 287.50' to a point; thence departing from said east
line  along  a  line  being 287.50' south of and parallel with the south line of
said Northwest Quarter (NW  ) of Section Six (6), South 89 degrees 53 minutes 09
seconds  West  a  distance  of  982.37'  to  a point; thence North 15 degrees 15
minutes  38  seconds West a distance of 297.84' to a point on said south line of
the  Northwest  Quarter  (NW  )  of  Section Six (6); thence departing from said
south line, North 14 degrees 44 minutes 45 seconds West a distance of 550.87' to
a point; thence along a line being 533.00' north of and parallel with said south
line  of  the  Northwest  Quarter (NW  ) of Section Six (6), South 89 degrees 53
minutes  09  seconds  West a distance of 1466.40' to a point on the west line of
said  Northwest  Quarter  (NW  )  of  Section Six (6), said point being North 00
degrees 16 minutes 12 seconds East a distance of 3173.30' from a found Rail Road
Iron  accepted  as  representing  the  Southwest corner of said Section Six (6);
thence  along  said  west  line,  North  00 degrees 16 minutes 12 seconds East a
distance  of  2107.27'  to  said  TRUE  POINT  OF  BEGINNING.

Said described portion containing 6,098,250 square feet or 140.00 acres, more or
less."

     WHEREAS,  Seller  is  willing  to  sell  to  Purchaser  the site upon which
Casino-Hotel  #3  as  described below shall be located on the Resort Property is
marked out and identified on the Parcelization Map as Casino-Hotel #3, a copy of
which  is  attached  and incorporated as Exhibit "A". (hereinafter "Casino-Hotel
#3");  and,

     WHEREAS,  the  parties  desire  to  reduce  their  Agreement  to  writing,

     NOW  THEREFORE,  based  on  the  above  and  foregoing,  and  for  and  in
consideration  of the mutual covenants, conditions and promises contained herein
the  parties  do  hereby  agree  and  contract  as  follows:

1)     REPRESENTATIONS OF AUTHORITY TO SIGN AND WILLINGNESS TO BE LEGALLY BOUND:
The undersigned parties represent and warrant that each has the authority and is
willing  to  enter  into  this  legally  binding  Contract:

A)     LARSON  ELMORE of Whitfield & Associates, LLC, with registered address at
18  Ninth  Fairway  Loop,  Maumelle, AR 72113 has the authority to represent the
Myriad Group of Companies including: Myriad World Resorts of Tunica, LLC; Myriad
Entertainment  &  Resorts,  Inc; and Myriad Golf Resorts, Inc ("Myriad") for the
purpose  of  selling  various  parcels  of  real  estate  for  the  purpose  of
constructing  and  building  a  casino  and  a  hotel  on  each separate parcel,
including  the  authority to enter into this Contract to sell Casino-Hotel #3 to
Purchaser

B)     FRANK  WHITE  CALFE, in his capacity as Treasurer of the Three Affiliated
Tribes,  with  registered  address  at 404 Frontage Road, New Town, North Dakota
58763  represents  that he has the authority under the Constitution of the Three
Affiliated  Tribes  and by authority granted by Resolution No. __________ of the
Tribal Business Council, to enter into this Contract to purchase Casino-Hotel #3
from  Myriad  World  Resorts  of  Tunica,  LLC.

C)     NATHAN  HALE, in his capacity as Secretary of the Tribal Business Council
of  the  Three  Affiliated Tribes, with registered address at 404 Frontage Road,
New  Town,  North  Dakota  58763  represents that he has the authority under the
Constitution  of  the  Three  Affiliated  Tribes  and  by  authority  granted by
Resolution  No.  _______of the Tribal Business Council, to execute this Contract
to  purchase  Casino-Hotel  #3  from  Myriad  World  Resorts  of  Tunica,  LLC.

2)     PROPERTY:  Seller  hereby  agrees  to sell and Purchaser hereby agrees to
purchase  Casino-Hotel  Lot #3 as described in the Parcelization Map, containing
4.5  acres  more  or  less  under  the  terms  hereof.

3)     PURCHASE  PRICE:  The  consideration  shall  be  as  follows:

A)     CASH  CONSIDERATION:     Purchaser  shall  pay  Seller  FORTY MILLION AND
NO/100S  DOLLARS  ($40,000,000)  in  cash or certified check for Casino-Hotel #3
payable  as  follows:

I)     $25,000  on  or  before  June  1,  2006  which  represents  all expenses,
including  licensing  and  legal  fees,  for  forming a Mississippi corporation,
making application to the Mississippi Gaming Commission for a gaming license and
taking  all  other  action  necessary  to  obtain  a  gaming  license  from  the
Mississippi  Gaming  Commission  for  Casino-Hotel  Site  #3  on  behalf  of the
Purchaser  on  or  before  September  1,  2006.    The Seller agrees to take all
action necessary to procure such license on behalf of the purchaser on or before
September  1,  2006.  The parties agree and understand that securing the license
for  Casino-Hotel #3 is necessary in order for the Purchaser to obtain the funds
required  to  construct  Casino-Hotel #3.  The parties also agree and understand
that  the  Seller  may assign the Seller's interest in this Contract in order to
secure  funding  for  the  Resort  Property.

II)     $500,000 in the form of a letter of credit within ten days of receipt of
formal  notice  by  the  Mississippi  Gaming  Commission that Casino-Hotel #3 is
approved for the construction of a 80,000 square foot casino floor and Purchaser
has  procured  all  necessary  gaming  licenses  to  operate  Casino-Hotel  #3;

III)     $500,000 in the form of a letter of credit within ten days from written
receipt of sufficient documentation and financial assurances confirming Seller's
ability  to  design,  construct  and  install  the infrastructure for the Resort
Property,  including  Casino-Hotel  #3;

IV)     $38,975,000  (the  balance)  wired to an account of Seller's choosing at
Closing  as  defined  in  the  paragraph  addressing  the  Closing.

4)     CLOSING  DATE:  This  transaction  shall  close at the  Dulaney Law Firm,
L.L.P.,  986 Harris Street, P.O. Box 188, Tunica, MS  38676, or other such place
as  is  mutually  agreed  upon  by  the  parties  under  the  following  terms:

A)     PROJECTED  CLOSING DATE: The parties agree to a projected closing date of
June  1,  2007  or  earlier  as  follows  provided that all the conditions under
paragraph  3  have  been  satisfied:

I)     PURCHASER'S  OPTION  TO  CLOSE  EARLIER:  The  Purchaser  may  close this
transaction  prior  to  the  closing date by giving the Seller written notice at
least  ninety  (90)  days  prior  to the desired closing date which notice shall
state  the  desired  closing  date.

II)     COMPLETION  OF INFRASTRUCTURE:  The closing date may be accelerated from
the June 1, 2007 date if the Seller has completed the infrastructure as required
by  paragraph  7.  The  parties  agree  that  upon receipt of written notice and
confirmation  by  a  Professional  Engineer  (P.E.)  that  all  necessary
infrastructures  are in place so as to allow the Purchaser to begin construction
of  Casino-Hotel  #3  and  then the closing date may occur within 60 days of the
date  of  receipt  of  the  notice.
B)     FAILURE  TO CLOSE BY CLOSING DATE:  If this transaction does not close on
or  before  the  closing date for any reason, then this Contract shall be deemed
null  and  void  and the provisions set out in paragraph 14 regarding failure of
performance  and  payment  of  the  amounts  paid  in  escrow  shall  apply.

C)     PAYMENT  OF  CLOSING  COSTS:

I)     Seller  shall  pay  for  the  preparation  of  the  Deed.

II)     Purchaser  shall  pay  for  the  cost  of  recording  the  Deed.

III)     Seller and Purchaser shall each pay their own attorney's fees and other
expenses  incurred  in  connection  with this transaction except for those costs
(application  for  gaming  licenses,  etc.)  mentioned  in  paragraph  3(a)(i).

D)     PRORATING OF PROPERTY TAXES:  The parties will prorate the property taxes
for  the  year  in  which  the  Closing  occurs  based  on  the  Closing  Date.

5)     INSPECTIONS  AND  TESTS:  Purchaser,  or  its designees, may, at any time
after Seller's and Purchaser's execution of this Contract, enter on the Property
to  make  engineering  studies,  surveys, and other such tests, examinations and
inspections  as  Purchaser  may  desire  as long as such tests, examinations and
inspections,  do not reasonably interfere with the operations or any current use
of  the  Property.

A)     TIME  PERIOD  FOR  INSPECTIONS AND TESTING:  Purchaser will have all soil
test  borings,  environmental  studies,  and  other reports completed as soon as
possible  (within  180  days)  and  will  provide  Seller  with  a  copy.

B)     REMEDIATION  OF  PROPERTY:  If the closing does not occur, Purchaser will
make such repairs as necessary to leave the Property in the same condition as it
existed  prior  to  entry  by  Purchaser  or  his  agents.

C)     RIGHT  TO  TERMINATE  CONTRACT:  If Purchaser discovers a condition which
materially  impacts on the suitability of the Property for a development and use
pursuant  to its inspection of the Property as provide in paragraph 8, Purchaser
may  terminate  this  Contract.

D)     NOTICE  OF  INTENT  TO  INSPECT:  Purchaser will notify Seller in advance
each  time of Purchaser's entering the Property for purposes contemplated herein
and  shall  make suitable arrangements for entering the property for inspections
and  testing.

6)     CONTINGENCIES:  Notwithstanding  anything  to  the  contrary  contained
elsewhere in this Contract the closing of this transaction is conditioned on the
following:

A)     APPROVAL  OF  CASINO-HOTEL  #3:  Seller  represents  that  the  necessary
approvals  have  been  or  will  be  obtained  from  the  Tunica County Board of
Commissioners  and  the  Mississippi  Gaming Commission for the construction and
operation  of  a  casino, hotel and ancillary facilities (restaurants and bars),
etc  on  or  before  September  1,  2006.

B)     SELLER'S  ABILITY  TO  PERFORM:  Seller represents on or before AUGUST 1,
2006  Seller will have sufficient funding in place to build the Resort Property,
including  the  infrastructure  (roads,  sewer, lights and parking) necessary to
service  the  Resort  Property  including  Casino-Hotel  #3,  including  actual
improvements  as  agreed  upon  by  Purchaser  and  Seller.

C)     PURCHASER'S  ABILITY  TO  PERFORM:  Purchaser  represents  on  or  before
SEPTEMBER  1,  2006,  Purchaser  will  provide  Seller with proof of Purchaser's
ability  to  finance  the  purchase  and construction of Casino-Hotel #3. In the
event,  Purchaser fails to secure adequate funding; then, the parties agree this
Contract  may  be  assigned to mutually acceptable purchaser who is able to meet
the  terms  of  this  Contract.

D)     PURCHASER  TO  FORM  A  CORPORATION:  Purchaser  shall form a corporation
and/or  limited  liability  company  to  receive a Mississippi gaming license to
construct  and  operate  Casino-Hotel  #3;

E)     REQUIREMENT  FOR  APPROVAL  OF  CASINO MANAGEMENT:  Purchaser understands
that  the  management of Casino-Hotel #3 must be qualified to be approved by the
Mississippi Gaming Commission. If the purchaser is unable to provide an approved
management  team  prior to the projected date of the opening of Casino-Hotel #3,
the  parties  agree that they may enter into a separate agreement for management
of  the  Casino,  the  terms  of  which  will  be  addressed  in such agreement.

F)     REQUIREMENT THAT OTHER CASINO SITES ARE TO BE BUILT UPON:  This agreement
is  contingent on the Seller selling two other Casino Sites or having sufficient
funds  in  place to build on two Casino Sites.  This Contract is also contingent
upon the Purchaser obtaining sufficient funding commitments to build and operate
a  casino  with  a  minimum  of a 50,000 square foot gaming floor and a 500 room
hotel.

7)     SELLER'S  REPRESENTATIONS  AND  WARRANTIES:

A)     SURVEY  AND RECORDED PLAT:  In order for the Purchaser to have a warranty
deed  for  purposes  of  securing  financing;  Seller shall, at its own expense,
survey and plat out the exact boundaries of Casino-Hotel #3 so as to include 4.5
acres  more  or  less with the intent of recording the plat in the Tunica County
Register  of Deeds and shall provide such legal description along with any plats
to  the  Purchaser  within  15 days after completion of the survey and platting.

B)     ZONING:  The  Resort  Property  shall  be  zoned to allow construction of
casino  with  a minimum 50,000 sq ft casino floor and a license for a minimum of
1,600  slot  machines  and  26  gaming  tables  along  with  a 500 room hotel on
approximately  4-6  acres  of  land  located  in  Tunica  County,  Mississippi.

C)     UTILITIES,  ETC.:  All utilities including sewer and water are to be made
available  at  the  site by Seller.  The utilities are to be stubbed to the site
and  shall  be  designed  to  accommodate  multiple  buildings  (casino,  hotel,
maintenance  buildings,  etc.).

D)     PAVING:  Seller  shall  be responsible for the cost and work of paving to
the  entrance  of  the  Casino-Hotel  #3.

E)     STORM  SEWER:  Seller shall be responsible for all storm sewer management
such  that Purchasers will bear no cost relating to its property except for that
which  is  required to be located within the exterior boundaries of the site for
Casino-Hotel  #3.

F)     GRADE  FOR  GROUNDS  AND  PARKING LOTS:  Seller shall level and grade the
property  site such so that grade for Casino-Hotel #3's grounds and parking lots
meets  Mississippi's  building  code,  requirements  for flood plains located in
Tunica  County;  unless,  otherwise  agreed  to  in  writing  by  the  parties.

G)     GRADE  FOR  BUILDINGS  COMPRISING CASINO-HOTEL #3: Seller shall level and
grade the property site such so that grade for Casino-Hotel #3's buildings meets
Mississippi's  building  code,  requirements  for flood plains located in Tunica
County;  unless;  unless,  otherwise  agreed  to  in  writing  by  the  parties.

H)     TOPOGRAPHICAL  DRAWINGS:  Seller  shall furnish topographical drawings of
the  leveled  site  plan  for  use  by  the  Purchaser's  architectural  team.

I)     COMPLETION  DATE  FOR  GRADING,  STORM  SEWER  AND  UTILITIES:  Such
improvements  shall  be completed by May 1, 2007, except for rough grading which
shall  be  completed  by May 15, 2007; unless, otherwise agreed to in writing by
the  Parties.

J)     IMPROVEMENTS  TO  CASINO-HOTEL #3:  The parties agree that any documented
improvements  to  Casino-Hotel  #3  approved by purchaser which are beyond those
listed  in  paragraphs  a-h of this section and which are paid for by the Seller
shall  be reimbursed to the Seller at the time of closing unless other repayment
arrangements  are  made.

8)     ENVIRONMENTAL  COMPLIANCE:  Seller  represents  and warrants to Purchaser
that  to  Seller's  knowledge:

A)     There  is  no  pending  claim,  lawsuit,  proceeding  or  other  legal,
quasi-legal,  or  administrative  challenge  concerning  the  Premises  or  the
operation  thereof  or  any  condition  thereon,  and  no  such  claim, lawsuit,
proceeding  or  challenge  is  threatened  by  any  person  or  entity.

B)     No asbestos-containing materials have been installed in or affixed to the
structures  on  the  Premises  at any time during or prior to Seller's ownership
thereof.

C)     No  electrical  transformers,  fluorescent  light  fixtures  or  other
electrical equipment containing PCBs are or have been installed in or affixed to
the  Premises  at  any  time  during  or  prior  to  Seller's ownership thereof.

D)     The  Premises  and  all  operations  thereon  are  not  in  violation  of
applicable  law, and no governmental authority has served upon Seller any notice
claiming  any  violation  of  any statute, ordinance or regulation or noting any
need  for  repair,  construction, alteration or installation with respect to the
Premises  or  requiring  any  change in the means or methods of those conducting
operation  thereon.

E)     There  are  no  hazardous  wastes,  substances,  underground  tanks  or
contaminants  on,  in,  under  or  about  the  subject  property.

F)     Further,  no  hazardous  substances  have ever been disposed of in, on or
above the property, nor has Seller or Seller's affiliates ever used the property
for  the  storage, manufacture, disposal, handling, transportation or use of any
hazardous  substances  or  wastes.  For the purposes of this paragraph, the term
"hazardous  substances"  shall  mean  and  refer to asbestos, urea formaldehyde,
polychlorinated  biphenyls,  nuclear  fuels or materials, radioactive materials,
explosives,  known  carcinogens,  petroleum  products  and  by-products  and any
pollutant,  contaminant, chemical, material or substance defined as hazardous or
as  a  pollutant  or  a  contaminant  in, or the release or disposal of which is
regulated  by  any  environmental  law.

G)     All  underground storage tanks located on the property, if any, have been
properly  registered with all appropriate regulatory and governmental bodies and
are  otherwise  in  compliance  with  all  Federal,  State  and  local statutes,
regulations,  ordinances  and  other  regulatory  requirements.

9)     FORM  OF  DEED:  The  Seller  shall  deliver  to  Purchaser at Closing, a
general  warranty  deed,  conveying  good and marketable fee simple title to the
Property, subject only to such easements and restrictions of record specifically
approved  by  Purchaser  and  subject  to  the  following:

A)     Taxes  for  the  year in which the Closing occurs, which the Parties will
prorate.

B)     Zoning,  subdivision  and sign regulations of Tunica County, Mississippi,
and

C)     Those  certain restrictions, covenants and conditions which Seller causes
to  be  prepared  and  recorded in the Chancery Clerk's office of Tunica County,
Mississippi which will govern the overall development of the Resort Property and
payment  of  certain  fees  and  royalties  (the  "Covenants").

10)     COVENANTS:  The  Covenants  shall include the following, in addition, to
other issues relating to the governance of the Resort Property which the Parties
mutually  agree  to  negotiate  in  good  faith:

A)     DESIGN  CONTROL:  Seller's  approval  of  the  design  and  layout of all
aspects  of  the  Improvements  to  be  constructed  on  the  Resort  Property.

B)     LIMITATION  ON THE NUMBER OF CASINOS:  The number of casinos/hotels to be
located  on  or  adjacent  to  the  Resort  Property  shall  be  limited to six.

C)     ROYALTY:     The  Parties  agree  that  the  Seller  shall be entitled to
receive a royalty of four per cent (4%) of the gross gaming revenues reported to
the  Mississippi  Gaming  Commission  pursuant to the Mississippi Gaming Control
Act,  as  now  written  unless  the  parties  both agree to accept and adopt any
subsequent  amendment  of  that  statute.

I)     PAYMENT  OF  ROYALTY:  The  Royalty  shall be paid to Seller on a monthly
basis  at  the  same time Purchaser is required, pursuant to Mississippi law and
the  rules  and  regulations  of  the  Mississippi  State Tax Commission and the
Mississippi  Gaming  Commission,  to  pay  the  Mississippi  State  Tax
Commission/Mississippi  Gaming  Commission  the gaming tax but in no event shall
each  month's  rent be paid later than the 20th day of the following month. Each
Royalty  payment  shall  be accompanied by written statement signed by Purchaser
showing  the  Gross Revenues of Purchaser as set forth above. ALL PAYMENTS SHALL
                                                              ------------------
BE  DELIVERED  TO  SELLER AT THE ADDRESS LISTED IN PARAGRAPH 8 OF THIS CONTRACT.
 -------------------------------------------------------------------------------

(1)     LATE  PAYMENT  PENALTY:  If  any  Royalty is not paid within twenty (20)
days  of the date when due, Purchaser agrees to pay and will be obligated to pay
as  additional  Percentage  Compensation  for that month an amount equal to five
percent  (5%)  of  the  amount  otherwise  payable.

(2)     ENFORCEMENT  OF  PAYMENT  OF ROYALTY.  Enforcement of the payment of the
percentage  due  hereunder  shall  be  by separate agreement between the parties
addressing  all  covenants on the property.  Failure to pay the Royalty shall in
no  way  effect  the  purchaser's  title  to  the  property purchased hereunder.

(3)     PAYMENTS  SUBJECT TO PURCHASER OBTAINING A GAMING LICENSE:  The payments
required  under this Paragraph 4 are based upon the condition that the Purchaser
and its assignees obtain a gaming license from the Mississippi Gaming Commission
and  receipt  of  adequate  funding  to  carry out Purchaser's duties under this
Contract.

II)     RIGHT  TO  OBTAIN  REPORTS:  Purchaser gives its written and irrevocable
consent for Seller to obtain copies of any and all reports of revenue filed with
the  Mississippi  State  Tax  Commission  or  the  Mississippi Gaming Commission
derived  from  the  operation  of  any  and  all  gaming  business  conducted on
Casino-Hotel  #3.  Purchaser  will  cooperate  to assist Seller in obtaining any
information  desired  by  Seller  from  the  Mississippi  Gaming  Commission  or
Mississippi  State  Tax  Commission.

III)     CONFIDENTIALITY  OF  INFORMATION  OBTAINED:  Seller  will  hold  all
information  gathered  through  such  examination  or  reports and statements in
confidence  and will not disclose such information to anyone without Purchaser's
written  approval,  provided,  however, that if litigation ensues concerning the
payments,  Seller  may disclose any information necessary for said litigation to
any  parties  necessary  and may disclose all such information to its attorneys,
CPA's,  and  any  government  agency  which  requires  Seller  to  do  so.

IV)     COMMON  AREA MAINTENANCE (CAM) FEES:  The Purchaser acknowledges it will
benefit  financially  from  having  physical  access  to  the  Resort Property's
amenities  that  will include a transportation system connecting each casino and
hotel,  the  convention facility, and other resort facilities.   This will allow
the Purchaser access to the Seller's customer base.  The Purchaser agrees to pay
for  its  share  of  the  cost of operating and maintaining the common areas and
common  facilities  as  follows,  hereinafter referred to as the "Base CAM Fee":

(1)     CASINO,  INCLUDING  BACK  OF HOUSE CASINO OPERATIONS:  $11.00 per square
foot  is  the  Annual  `Base  CAM  Fee  for  the  Casino.

(2)     HOTEL:   $2.50  per  square  foot for all hotel space is the Annual Base
CAM  Fee  for  the  Hotel.

V)     TRANSPORTATION FEE:  The Purchaser agrees that in order to have access to
the transit system to be built upon the Resort Property and which is part of the
infrastructure  required for Casino-Hotel #3 that a fee equal to 2% of the gross
revenues  generated  from  Casino-Hotel  #3 may be charged for the operation and
maintenance of the transportation facility, hereinafter referred to as the "Base
Transportation  Fee".

11)     MERCHANTABILITY OF TITLE: In the event a title search reveals defects in
the title, other than those listed in Paragraph 8(a) and 8(b), and the Covenants
indicated  by  Paragraph  8(c)  which  will  materially and adversely affect the
Purchaser's  use  of  the  property  for  the development of a casino and hotel,
Purchaser  shall notify Seller in writing of the specific defects within 60 days
of  the  last  execution hereof and thereupon Seller shall have 120 days to cure
said defects.  In the event a defect arises and Purchaser notifies Seller of the
same  within  30  days of closing, the closing, at the request of Seller, may be
extended  to  provide  Seller with a full 120 days to cure the same.  The Seller
will  take  no  action  to  allow  any  defects  to  arise.

12)     COLLECTION  COSTS:  In the event any action is commenced by either party
against the other in connection herewith, the prevailing party shall be entitled
to  its  costs  and  expenses,  including  reasonable  attorney's  fees.

13)     NOTICE:  Any  and  all  notices  and  demands  by any party to the other
party,  required  or desired to be given hereunder shall be in writing and shall
be  validly given or made only if deposited in the United States mail, certified
or  registered,  postage prepaid, return receipt requested or if made by Federal
Express  or similar delivery service keeping records of deliveries and attempted
deliveries  or  if  made by telecopy.  Service by United States mail or delivery
service  shall be conclusively deemed made on the first business day delivery is
attempted  or  upon  receipt, whichever is sooner.  Service by facsimile copy or
telecopy  shall  be  deemed  made  upon  confirmed  transmission.

A)     PURCHASER:  Any  notice  or demand to Purchaser shall be addressed to the
Three  Affiliated  Tribes,  Attn:  Chairman and Secretary, Tribal Administration
Building,  404  Frontage Road, New Town ND 58763; telephone number 701-627-4718,
fax  701-627-3622.

B)     SELLER:  Any  notice  or  demand  to  Seller shall be addressed to Myriad
World  Resorts  of  Tunica, LLC, Attn: Scott Hawrelechko or Larson Elmore, Suite
1000,  10th  Floor, 10050-112 Street, Edmonton, Alberta Canada T5K2J1; telephone
number  780-431-0086,  fax  780-447-2981.

Any  party hereto may change its address for the purpose of receiving notices or
demands  as herein provided by a written notice given in the manner aforesaid to
the  other  party  hereto,  which  notice  of change of address shall not become
effective,  however,  until  the  actual  receipt  thereof  by  the other party.
14)     FAILURE  OF  PERFORMANCE:  If  either Party fails to perform pursuant to
the  terms  of  this  Contract,  the Initial Deposit of $25,000 shall remain the
property of the Seller.  THE $1,000,000 LINE OF CREDIT SHALL REMAIN THE PROPERTY
OF  THE  PURCHASER.  The  amounts  retained  by  the  Seller shall be considered
liquidated  damages,  as consideration for the execution of this Contract and in
full  settlement  of any claims, causes of action at law or in equity, whereupon
Purchaser  and  Seller shall be relieved of all obligations under this Contract.
15)     ENTIRE CONTRACT: AMENDMENTS:  This Contract and its exhibits contain the
entire  Contract between the parties with regard to the sale and purchase of the
Property  except  as  provided  for  herein,  and  no  promise,  representation,
warranty,  covenant,  agreement  or  understanding not specifically set forth in
this  Contract  shall be binding upon, or inure to the benefit of, either party.
This  Contract  may  not  be  amended,  altered, modified or supplemented in any
manner  except  by  an  instrument in writing duly executed by the parties.  The
parties  hereto  represent, covenant and agree that any promise, representation,
warranty,  covenant,  agreement  or understanding which either deems material is
included  in  and  made  a  part  of  this  Contract.

16)     SPECIFIC  LIMITED  WAIVER  OF  SOVEREIGN  IMMUNITY:

A)     GOVERNING  LAW:  INTERPRETATION:  This  Contract  shall  be construed and
enforced  in  accordance  with  the laws of the State of North Dakota.  The fact
this  Contract  shall have been prepared by an attorney for either the Seller or
Purchaser  shall  not  be  used  to  construe  or interpret this Contract for or
against  either  party;  the parties intend that the provisions of this Contract
shall be given their fair meaning and no court shall construe this Contract more
stringently  against  one  party  than against the other.  Further, both parties
represent  that  they  are represented by counsel and have been fully advised of
the  affects  and  ramifications  of  all  terms,  conditions,  covenants,  and
obligations  contained  in  this  Contract.

B)     CONSTRUCTION.  Whenever possible, each provision of this Contract and any
other  statement,  instrument  or  transaction contemplated hereby or thereby or
relating  hereto  or  thereto  shall  be  interpreted  in  such  manner as to be
effective  and  valid  under  such  applicable law, but, if any provision of the
Contract  or  any other statement, instrument or transaction contemplated hereby
or  thereby  or  relating  hereto  or  thereto shall be held to be prohibited or
invalid  under  such applicable law, such provision shall be ineffective only of
such  prohibition  or  invalidity,  without  invalidating  the remainder of such
provision  or  the  remaining provisions of the Contract or any other statement,
instrument  or  transaction  contemplated  hereby  or thereby relating hereto or
thereto.  The  parties  shall endeavor in good-faith negotiations to replace any
invalid, illegal or unenforceable provisions with a valid provision the economic
effect  of  which  comes as close as possible to that of the invalid, illegal or
unenforceable provision.  The provisions of this Section are irrevocable and may
not  be  rescinded,  revoked or amended without the prior written consent of the
Seller.  The Tribe acknowledges the Seller has relied upon them in entering into
this  Contract.

C)     LIMITED  WAIVER OF SOVEREIGN IMMUNITY.  Nothing in this Limited Waiver of
Sovereign  Immunity  shall  be  deemed  to  be a waiver of the Tribe's sovereign
immunity  from  suit,  except  to  the  extent  that the Tribe hereby provides a
limited  waiver  of  its  sovereign  immunity  and consents to be sued should an
action  be  commenced  to  determine  and enforce the obligations of the parties
under  any  Contract;  and  provided further that the Tribe's consent to suit is
only  as  to  arbitration  and  to  court  action initiated consistent with this
Limited  Waiver  of Sovereign Immunity and Contract. The Tribe expressly submits
to and consents to the jurisdictions of the Tribal Court of the Three Affiliated
Tribes of the Fort Berthold Reservation in the first instance and, after seeking
relief  in  such  Tribal  Court,  to  the  United  States District Court for the
District  of North Dakota, in connection with any injunctive relief sought prior
to arbitration, or to give effect to any relief ordered or award obtained in any
arbitration  proceedings.

D)     INTENT  OF  LIMITED WAIVER OF SOVEREIGN IMMUNITY:  This Limited Waiver of
Sovereign  Immunity  is  intended  to  allow  the  Seller or its assigns to only
recover  any amounts due and owing under the Contract upon the unlikely event of
default.  The  Limited Waiver of Sovereign Immunity shall be strictly limited to
allow the Seller or its assigns to recover said amounts in the event of default.

17)     ARBITRATION:  The  parties  agree  to  arbitrate  any disputes which may
arise under this Contract, if permitted by the State of Mississippi, and further
agree  to  use  the arbitration protocol established by the American Arbitration
Association.

18)     BINDING  EFFECT:  The provisions of this Contract shall be binding upon,
and  shall inure to the benefit of, the parties and respective heirs, executors,
administrators,  personal  and  legal  representatives,  successors and assigns.

19)     NO  WAIVER:  The  failure  of  Seller or Purchaser to insist upon strict
performance of any of the terms, conditions, covenants and obligations contained
in  this Contract shall not be deemed a waiver of any rights or remedies for any
subsequent breach or default in the terms, conditions, covenants and obligations
herein  contained.

20)     SECTION  HEADINGS:  The  Section  headings  hereof  are  intended  for
convenience  and  reference  purposes  only and shall not be used to construe or
interpret  this  Contract.

21)     SEVERABILITY:  If any provisions of this Contract shall be determined by
any  court  to  be  invalid,  illegal  or  unenforceable to any extent, then the
remainder  of  this  contract  shall not be affected, and this Contract shall be
construed  as if the invalid, illegal, or unenforceable provision had never been
contained  in  this  Contract.

22)     TIME  IS OF THE ESSENCE:  Time is of the essence as to this Contract and
failure  of  either  party to timely comply with the provisions of this Contract
may  result in the other party canceling this Contract which decision will be in
that  party's  sole  discretion.

23)     CONDEMNATION  OR  CASUALTY: If the Property or any portion thereof shall
be  condemned,  prior  to closing, or any proceeding for the condemnation of the
Property, or any portion thereof, is filed, or an Contract of sale is negotiated
in lieu thereof, or if the Property shall sustain any casualty damage, Purchaser
may  elect  to  terminate this Contract and receive a full refund of Purchaser's
earnest  money  deposit.  If  Purchaser does not terminate and elects to proceed
hereunder,  any  condemnation  award  or  casualty  insurance  proceeds shall be
accredited  against  the  Purchase  Price.

24)     NON-PERFORMANCE:  If Seller fails to deliver the Deed or meet any of the
conditions  hereof,  Purchaser,  at  Purchaser's sole option, may terminate this
Contract  whereupon  the funds previously paid to Seller pursuant to Paragraph 3
shall  be  returned  to Purchaser within three (3) days, or Purchaser may demand
specific performance.  Upon return of previously paid money to Purchaser, Seller
will  be released from all liability to Purchaser related to this Contract, such
return  of  money  paid to Purchaser by Seller being Purchaser's sole remedy, if
specific performance is not elected.  If Purchaser fails to perform and close as
called  for  herein,  then Seller may retain all money previously paid otherwise
provided in this Contract and may demand and enforce specific performance of the
terms  hereof including unless, but not limited to, demanding restoration of the
property  as  called  for  by  Paragraph  4.

25)     BROKERS  AND  AGENT: Purchaser represents and warrants to Seller that no
broker  or  agent  is due a commission from the proceeds of the Closing.  Seller
represents  and warrants that Seller may have entered into a brokerage agreement
and that Seller and Broker will agree in a separate document as to the amount of
commission  and procedure for payment, including the payment at Closing.  Seller
will  provide  such  information  at  time of Closing as to payment.  Each Party
agrees to indemnify and hold the other and the Property harmless from the claims
of  any  agent  or  broker  for  the  payment  of  a  commission.

26)     TAX  FREE  EXCHANGE:  Notwithstanding  the  provisions  contained  above
relating  to  the  sale  of  the  Property, the parties acknowledge the possible
desire  and  intention  of  Seller,  if  possible,  to exchange the Property for
property  of  a  like  kind  or  to  utilize proceeds from a conveyance of other
property  in an exchange qualifying as a tax free exchange under Section 1031 of
the  Internal Revenue Code of 1986 (as amended), Purchaser and Seller shall each
cooperate  fully  to  implement  such  exchange  as  hereinafter provided (at no
additional  expense  to  the  other  party).

27)     DEFERRED  EXCHANGE:   In  order to permit Seller to implement a deferred
(or  non-simultaneous)  exchange  pursuant  to  I.R.S. regulation Section 1.1031
(k)-1  (the  Deferred  Exchange  Regulations), the parties acknowledge and agree
that  Seller  may  cause  the  Property  to  be conveyed, or this Contract to be
assigned,  to  a  Qualified  Intermediary  pursuant  to  the  Deferred  Exchange
Regulations  and that at closing, the Property will be conveyed to Purchaser and
the  Purchase Price will be paid by Purchaser to the Qualified Intermediary.  In
the  event  Purchaser  desires  to  effectuate acquisition using proceeds from a
deferred  exchange  involving  other  land presently vested in Purchaser, Seller
shall  accept  funds from Purchaser's Qualified Intermediary and shall recognize
that  Purchaser's  interest may be assigned to such Qualified Intermediary.  Any
deferred exchanges will be completed to the closing of this transaction so as to
vest  title  in  Purchaser  at  closing  upon  the payment of the balance of the
Purchase  Price.  A  material  part  of  the  consideration to the purchaser for
purchasing  is  that the Purchaser has the option to qualify this transaction as
part  of a tax-deferred exchange under Section 1031 of the Internal Revenue Code
of  1986.  Seller  agrees that Purchaser may assign this Contract to an exchange
intermediary  of  Purchaser's  choice.

28)     ASSIGNMENT AND SALE:  Purchaser, in order to comply with Mississippi law
for  ownership of casino property, shall be allowed to assign this Contract to a
Mississippi  entity  without  the  prior  written  consent  of Seller.  Further,
Purchaser  reserves  the  right  to  sell  this  Contract  to third party who is
qualified to own and operate a Mississippi casino; provided, the Seller is given
the  first  right  to repurchase this Contract and to meet or match any purchase
offer.  The  parties  agree  to  enter  into  a  breakaway  agreement.

29)     LIENS  AND ENCUMBRANCES OF TITLE: Seller agrees not to convey, mortgage,
allow  creation  of  liens,  or  do any act to diminish or encumber the title to
Seller's  property  while  this  Contract  remains  in  force.

30)     ABILITY  TO  EXECUTE:  Seller  warrants and represents that it possesses
full  right,  power and authority to execute, deliver and perform this Contract.
Purchaser  warrants  and  represents  that  it  possesses  full right, power and
authority  to  execute,  deliver,  and  perform  this  Contract.
WITNESS OUR SIGNATURES on the day and year as first above written and by signing
this  17  page  Contract  each  party represents to the Party opposite that this
contract  has  been read in its entirety and all terms, conditions covenants and
obligations  are  fully  understood.

THREE  AFFILIATED  TRIBES     MYRIAD  WORLD  RESORTS  OF  TUNICA,  LLC
     WHITFIELD  &  ASSOCIATES,  LLC

By  /S/Frank  White  Calfe         By  /S/Larson  Elmore
    --------------------------         --------------------------
Name:  Frank  White  Calfe       Name:  Larson  Elmore
Its:  Treasurer                   Its:  MANAGER

By  /S/Nathan  Hale
    --------------------------
Name:  Nathan  Hale
Its:  Secretary

<PAGE>

STATE  OF  --NORTH  DAKOTA
COUNTY  OF  MOUNTRAIL

     Personally  appeared  before  me, the undersigned authority in and for said
County  and  State,  the  above  named Frank White Calfe, Treasurer of the above
named  Three  Affiliated  Tribes and acknowledged that on behalf of said nation,
and  in  its  name,  being  duly  authorized  so  to do, he signed the foregoing
instrument  and delivered said instrument on the day and year therein mentioned.

     GIVEN  under  my  hand  and official seal, this the _____ day of May, 2006.

(SEAL)     By  ____________________________
               ----------------------------
     Name  of  Notary  Public
     My  Commission  Expires:

STATE  OF  --NORTH  DAKOTA
COUNTY  OF  MOUNTRAIL

     Personally  appeared  before  me, the undersigned authority in and for said
County  and  State,  the  above  named Nathan Hale, Secretary of the above named
Three  Affiliated  Tribes and acknowledged that on behalf of said nation, and in
its name, being duly authorized so to do, he signed the foregoing instrument and
delivered  said  instrument  on  the  day  and  year  therein  mentioned.

     GIVEN  under  my  hand  and official seal, this the _____ day of May, 2006.

(SEAL)     By  ____________________________
               ----------------------------
     Name  of  Notary  Public
     My  Commission  Expires:

STATE  OF  ARKANSAS     )
     )  ss
COUNTY  OF  PULASKI     )

     Personally  appeared  before  me, the undersigned authority in and for said
County  and  State,  the  above  named Larson Elmore, Manager of the above named
Myriad  World  Resorts  of  Tunica,  LLC and acknowledged that on behalf of said
limited  liability  company, and in its name, being duly authorized so to do, he
signed  the  foregoing  instrument  and delivered said instrument on the day and
year  therein  mentioned.

     GIVEN  under  my  hand  and official seal, this the _____ day of May, 2006.

(SEAL)     By  ____________________________
               ----------------------------
     Name  of  Notary  Public
     My  Commission  Expires:EXHIBIT 10.2

                            CONTRACT FOR THE SALE AND
                             PURCHASE OF REAL ESTATE

     This  CONTRACT  FOR  THE  SALE  AND  PURCHASE  OF  REAL ESTATE (hereinafter
referred  to  as  "Contract") is made and entered into this the 21st day of May,
2006,  by  and between Ervin J. Lee, Managing Director, on behalf of High Plains
Equity, LLC (hereinafter referred to as "Purchaser") and Myriad World Resorts Of
Tunica,  LLC,  a  Mississippi  limited  liability company, by and through Larson
Elmore, its Manager (hereinafter referred to as "Seller"), collectively referred
to  as  "Parties".

     WHEREAS, Seller has contracted to purchase the following described property
in  Tunica  County,  Mississippi,  to  wit:

                                     TRACT I
     The  West  Half (W  ) of Section Six (6) less the right of way to the Board
of  Commissioners  to  the Yazoo-Mississippi Levee Board containing 315.3 acres,
more  or  less.

                                    TRACT II
     The  North Half (N   ) of Section Seven (7) west of the right of way to the
Board  of  Commissioners  to  the Yazoo-Mississippi Levee Board containing 242.5
acres,  more  or  less.

                                    TRACT III
     The north 180 feet of the North Half (N  ) of Section Seven (7) east of the
right  of  way  to  the  Board  of  Commissioners to the Yazoo-Mississippi Levee
Board.   (TRACTS  I, II AND III SHALL COLLECTIVELY BE REFERRED TO AS THE "RESORT
PROPERTY");  and,

     WHEREAS, Seller is working on a comprehensive plan to develop a world class
resort  on  the  Resort  Property which may include i) up to six (6) 80,000(+/-)
square  foot  casinos  with  each having an adjoining hotel of approximately 500
rooms,  ii) a 1,200 (+/-) room convention center hotel, iii) appropriate meeting
rooms, iv) appropriate restaurants, v) an eighteen hole golf course which may be
an  indoor  facility,  vi) a five acre or larger water park, vii) an 1,800 (+/-)
seat  indoor  entertainment  amphitheater,  viii)  a multipurpose and/or outdoor
venue  for  concerts,  sporting  events, trade shows and entertainment acts with
seating for up to 20,000 persons, ix) a 375,000 square foot convention and trade
show facility, x) a 120,000 square foot shopping and commercial center and xi) a
health  spa  with  surrounding  botanical  environment, WHICH COLLECTIVELY SHALL
HEREINAFTER  BE  REFERRED  TO  AS  THE  "IMPROVEMENTS";  and,

     WHEREAS,  Purchaser desires to purchase that portion of the Resort Property
(hereinafter  referred  to  as Casino-Hotel #2)  for the purpose of constructing
and  operating up to six Las Vegas style casinos with maximum of an 80,000 sq ft
casino  floor or a minimum 50,000 sq ft casino floor along with a 500 room hotel
on  approximately  4.5  acres  more  or  less  of land located in Tunica County,
Mississippi  ("Casino  Sites")  ;  provided  that  in order for the Purchaser to
secure  funding  either  in the form of loans and/or equity investments that (1)
the  necessary  approvals  have  been  obtained  from the Tunica County Board of
Commissioners  and  the  Mississippi  Gaming Commission for the construction and
operation  of  a  casino, hotel and ancillary facilities (restaurants and bars)-
which  approval  was  received  on March 16, 2006, and (2) sufficient funding in
place  to build the Resort Property, including the infrastructure (roads, sewer,
lights and parking) necessary to service the Resort Property and Casino-Hotel #2
which  will  be  incorporated  into  and  part of the Improvements on the Resort
Property;  and,

     WHEREAS,  the  site  (approximately  4.5  acres  more  or  less) upon which
Casino-Hotel  #2 will be located on is approximately 140.00 acres located within
Section  6,  Township  4  South,  Range  11  West,  in  Tunica  County, State of
Mississippi  is  described  below:

"Being 140.00 acres of land consisting of all of the Northwest Quarter (NW  ) of
Section Six (6), Township Four (4) South, Range Eleven (11) West, Tunica County,
State of Mississippi (excepting the right-of-way for the Yazoo-Mississippi Delta
Levee  Board)  and a portion of the Southwest Quarter (SW  ) of Section Six (6),
Township  Four  (4)  South,  Range  Eleven  (11)  West,  Tunica County, State of
Mississippi  collectively  being  described  as  follows:

BEGINNING  at a found 1" Iron Pipe accepted as representing the Northwest Corner
of  Section  Six  (6),  Township  Four (4) South, Range Eleven (11) West, Tunica
County,  State  of  Mississippi; thence along the north line of said Section Six
(6),  North  89 degrees 55 minutes 19 seconds East a distance of 2299.12' to the
intersection  with  the  west  line  of  the Yazoo-Mississippi Delta Levee Board
property,  said intersection being South 89 degrees 55 minutes 19 seconds West a
distance  of  2972.12'  along said north line from a found Cotton Picker Spindle
accepted  as  representing  the  Northeast  Corner  said Section Six (6); thence
departing  from  said  north  line along said west line of the Yazoo-Mississippi
Delta  Levee Board property the following three (3) calls:  (1) South 02 degrees
12  minutes  00  seconds  West  a  distance  of 552.76', (2) South 20 degrees 13
minutes  00 seconds East a distance of 1022.00', (3) South 23 degrees 18 minutes
00  seconds  East  a distance of 40.70' to a point intersecting the east line of
the Northwest Quarter (NW  ) of said Section Six (6); thence departing from said
west  line  of  the Yazoo-Mississippi Delta Levee Board property along said east
line  of  the  Northwest  Quarter (NW  ) of Section Six (6), South 00 degrees 25
minutes  39  seconds East a distance of 1089.33' to the Southeast corner of said
Northwest  Quarter (NW  )  of Section Six (6); thence along the east line of the
Southwest Quarter (SW  ) of said Section Six (6), South 00 degrees 25 minutes 39
seconds  East  a distance of 287.50' to a point; thence departing from said east
line  along  a  line  being 287.50' south of and parallel with the south line of
said Northwest Quarter (NW  ) of Section Six (6), South 89 degrees 53 minutes 09
seconds  West  a  distance  of  982.37'  to  a point; thence North 15 degrees 15
minutes  38  seconds West a distance of 297.84' to a point on said south line of
the  Northwest  Quarter  (NW  )  of  Section Six (6); thence departing from said
south line, North 14 degrees 44 minutes 45 seconds West a distance of 550.87' to
a point; thence along a line being 533.00' north of and parallel with said south
line  of  the  Northwest  Quarter (NW  ) of Section Six (6), South 89 degrees 53
minutes  09  seconds  West a distance of 1466.40' to a point on the west line of
said  Northwest  Quarter  (NW  )  of  Section Six (6), said point being North 00
degrees 16 minutes 12 seconds East a distance of 3173.30' from a found Rail Road
Iron  accepted  as  representing  the  Southwest corner of said Section Six (6);
thence  along  said  west  line,  North  00 degrees 16 minutes 12 seconds East a
distance  of  2107.27'  to  said  TRUE  POINT  OF  BEGINNING.

Said described portion containing 6,098,250 square feet or 140.00 acres, more or
less."

     WHEREAS,  Seller  is  willing  to  sell  to  Purchaser  the site upon which
Casino-Hotel  #2  as  described below shall be located on the Resort Property is
marked out and identified on the Parcelization Map as Casino-Hotel #2, a copy of
which  is  attached  and incorporated as Exhibit "A". (hereinafter "Casino-Hotel
#2");  and,

     WHEREAS,  the  parties  desire  to  reduce  their  Agreement  to  writing,

     NOW  THEREFORE,  based  on  the  above  and  foregoing,  and  for  and  in
consideration  of the mutual covenants, conditions and promises contained herein
the  parties  do  hereby  agree  and  contract  as  follows:

1)     REPRESENTATIONS OF AUTHORITY TO SIGN AND WILLINGNESS TO BE LEGALLY BOUND:
The undersigned parties represent and warrant that each has the authority and is
willing  to  enter  into  this  legally  binding  Contract:
A)     LARSON  ELMORE of Whitfield & Associates, LLC, with registered address at
18  Ninth  Fairway  Loop,  Maumelle, AR 72113 has the authority to represent the
Myriad Group of Companies including: Myriad World Resorts of Tunica, LLC; Myriad
Entertainment  &  Resorts,  Inc; and Myriad Golf Resorts, Inc ("Myriad") for the
purpose  of  selling  various  parcels  of  real  estate  for  the  purpose  of
constructing  and  building  a  casino  and  a  hotel  on  each separate parcel,
including  the  authority to enter into this Contract to sell Casino-Hotel #2 to
Purchaser

B)     ERVIN  J.  LEE,  in  his  capacity  as  Managing Director the High Plains
Equity,  LLC,  with  registered  address  at 317 3rd St. NW, Minot, North Dakota
58701  represents  that  he  has  the  authority  to enter into this Contract to
purchase  Casino-Hotel  #2  from  Myriad  World  Resorts  of  Tunica,  LLC.

2)     PROPERTY:  Seller  hereby  agrees  to sell and Purchaser hereby agrees to
purchase  Casino-Hotel  Lot #2 as described in the Parcelization Map, containing
4.5  acres  more  or  less  under  the  terms  hereof.
3)     PURCHASE  PRICE:  The  consideration  shall  be  as  follows:

A)     CASH  CONSIDERATION:     Purchaser  shall  pay  Seller  FORTY MILLION AND
NO/100S  DOLLARS  ($40,000,000)  in  cash or certified check for Casino-Hotel #2
payable  as  follows:

I)     $25,000  on  or  before  June  1,  2006  which  represents  all expenses,
including  licensing  and  legal  fees,  for  forming a Mississippi corporation,
making application to the Mississippi Gaming Commission for a gaming license and
taking  all  other  action  necessary  to  obtain  a  gaming  license  from  the
Mississippi  Gaming  Commission  for  Casino-Hotel  Site  #2  on  behalf  of the
Purchaser  on  or  before  September  1,  2006.    The Seller agrees to take all
action necessary to procure such license on behalf of the purchaser on or before
September  1,  2006.  The parties agree and understand that securing the license
for  Casino-Hotel #2 is necessary in order for the Purchaser to obtain the funds
required  to  construct  Casino-Hotel #2.  The parties also agree and understand
that  the  Seller  may assign the Seller's interest in this Contract in order to
secure  funding  for  the  Resort  Property.

II)     $500,000 in the form of a letter of credit within ten days of receipt of
formal  notice  by  the  Mississippi  Gaming  Commission that Casino-Hotel #2 is
approved for the construction of a 80,000 square foot casino floor and Purchaser
has  procured  all  necessary  gaming  licenses  to  operate  Casino-Hotel  #2;

III)     $500,000 in the form of a letter of credit within ten days from written
receipt of sufficient documentation and financial assurances confirming Seller's
ability  to  design,  construct  and  install  the infrastructure for the Resort
Property,  including  Casino-Hotel  #2;

IV)     $38,975,000  (the  balance)  wired to an account of Seller's choosing at
Closing  as  defined  in  the  paragraph  addressing  the  Closing.

4)     CLOSING  DATE:  This  transaction  shall  close at the  Dulaney Law Firm,
L.L.P.,  986 Harris Street, P.O. Box 188, Tunica, MS  38676, or other such place
as  is  mutually  agreed  upon  by  the  parties  under  the  following  terms:

A)     PROJECTED  CLOSING DATE: The parties agree to a projected closing date of
June  1,  2007  or  earlier  as  follows  provided that all the conditions under
paragraph  3  have  been  satisfied:

I)     PURCHASER'S  OPTION  TO  CLOSE  EARLIER:  The  Purchaser  may  close this
transaction  prior  to  the  closing date by giving the Seller written notice at
least  ninety  (90)  days  prior  to the desired closing date which notice shall
state  the  desired  closing  date.

II)     COMPLETION  OF INFRASTRUCTURE:  The closing date may be accelerated from
the June 1, 2007 date if the Seller has completed the infrastructure as required
by  paragraph  7.  The  parties  agree  that  upon receipt of written notice and
confirmation  by  a  Professional  Engineer  (P.E.)  that  all  necessary
infrastructures  are in place so as to allow the Purchaser to begin construction
of  Casino-Hotel  #2  and  then the closing date may occur within 60 days of the
date  of  receipt  of  the  notice.

B)     FAILURE  TO CLOSE BY CLOSING DATE:  If this transaction does not close on
or  before  the  closing date for any reason, then this Contract shall be deemed
null  and  void  and the provisions set out in paragraph 14 regarding failure of
performance  and  payment  of  the  amounts  paid  in  escrow  shall  apply.

C)     PAYMENT  OF  CLOSING  COSTS:

I)     Seller  shall  pay  for  the  preparation  of  the  Deed.

II)     Purchaser  shall  pay  for  the  cost  of  recording  the  Deed.

III)     Seller and Purchaser shall each pay their own attorney's fees and other
expenses  incurred  in  connection  with this transaction except for those costs
(application  for  gaming  licenses,  etc.)  mentioned  in  paragraph  3(a)(i).

D)     PRORATING OF PROPERTY TAXES:  The parties will prorate the property taxes
for  the  year  in  which  the  Closing  occurs  based  on  the  Closing  Date.

5)     INSPECTIONS  AND  TESTS:  Purchaser,  or  its designees, may, at any time
after Seller's and Purchaser's execution of this Contract, enter on the Property
to  make  engineering  studies,  surveys, and other such tests, examinations and
inspections  as  Purchaser  may  desire  as long as such tests, examinations and
inspections,  do not reasonably interfere with the operations or any current use
of  the  Property.

A)     TIME  PERIOD  FOR  INSPECTIONS AND TESTING:  Purchaser will have all soil
test  borings,  environmental  studies,  and  other reports completed as soon as
possible  (within  180  days)  and  will  provide  Seller  with  a  copy.

B)     REMEDIATION  OF  PROPERTY:  If the closing does not occur, Purchaser will
make such repairs as necessary to leave the Property in the same condition as it
existed  prior  to  entry  by  Purchaser  or  his  agents.

C)     RIGHT  TO  TERMINATE  CONTRACT:  If Purchaser discovers a condition which
materially  impacts on the suitability of the Property for a development and use
pursuant  to its inspection of the Property as provide in paragraph 8, Purchaser
may  terminate  this  Contract.

D)     NOTICE  OF  INTENT  TO  INSPECT:  Purchaser will notify Seller in advance
each  time of Purchaser's entering the Property for purposes contemplated herein
and  shall  make suitable arrangements for entering the property for inspections
and  testing.

6)     CONTINGENCIES:  Notwithstanding  anything  to  the  contrary  contained
elsewhere in this Contract the closing of this transaction is conditioned on the
following:

A)     APPROVAL  OF  CASINO-HOTEL  #2:  Seller  represents  that  the  necessary
approvals  have  been  or  will  be  obtained  from  the  Tunica County Board of
Commissioners  and  the  Mississippi  Gaming Commission for the construction and
operation  of  a  casino, hotel and ancillary facilities (restaurants and bars),
etc  on  or  before  September  1,  2006.

B)     SELLER'S  ABILITY  TO  PERFORM:  Seller represents on or before AUGUST 1,
2006  Seller will have sufficient funding in place to build the Resort Property,
including  the  infrastructure  (roads,  sewer, lights and parking) necessary to
service  the  Resort  Property  including  Casino-Hotel  #2,  including  actual
improvements  as  agreed  upon  by  Purchaser  and  Seller.

C)     PURCHASER'S  ABILITY  TO  PERFORM:  Purchaser  represents  on  or  before
SEPTEMBER  1,  2006,  Purchaser  will  provide  Seller with proof of Purchaser's
ability  to  finance  the  purchase  and construction of Casino-Hotel #2. In the
event,  Purchaser fails to secure adequate funding; then, the parties agree this
Contract  may  be  assigned to mutually acceptable purchaser who is able to meet
the  terms  of  this  Contract.

D)     PURCHASER  TO  FORM  A  CORPORATION:  Purchaser  shall form a corporation
and/or  limited  liability  company  to  receive a Mississippi gaming license to
construct  and  operate  Casino-Hotel  #2;

E)     REQUIREMENT  FOR  APPROVAL  OF  CASINO MANAGEMENT:  Purchaser understands
that  the  management of Casino-Hotel #2 must be qualified to be approved by the
Mississippi Gaming Commission. If the purchaser is unable to provide an approved
management  team  prior to the projected date of the opening of Casino-Hotel #2,
the  parties  agree that they may enter into a separate agreement for management
of  the  Casino,  the  terms  of  which  will  be  addressed  in such agreement.

F)     REQUIREMENT THAT OTHER CASINO SITES ARE TO BE BUILT UPON:  This agreement
is  contingent on the Seller selling two other Casino Sites or having sufficient
funds  in  place to build on two Casino Sites.  This Contract is also contingent
upon the Purchaser obtaining sufficient funding commitments to build and operate
a  casino  with  a  minimum  of a 50,000 square foot gaming floor and a 500 room
hotel.

7)     SELLER'S  REPRESENTATIONS  AND  WARRANTIES:

A)     SURVEY  AND RECORDED PLAT:  In order for the Purchaser to have a warranty
deed  for  purposes  of  securing  financing;  Seller shall, at its own expense,
survey and plat out the exact boundaries of Casino-Hotel #2 so as to include 4.5
acres  more  or  less with the intent of recording the plat in the Tunica County
Register  of Deeds and shall provide such legal description along with any plats
to  the  Purchaser  within  15 days after completion of the survey and platting.

B)     ZONING:  The  Resort  Property  shall  be  zoned to allow construction of
casino  with  a minimum 50,000 sq ft casino floor and a license for a minimum of
1,600  slot  machines  and  26  gaming  tables  along  with  a 500 room hotel on
approximately  4-6  acres  of  land  located  in  Tunica  County,  Mississippi.

C)     UTILITIES,  ETC.:  All utilities including sewer and water are to be made
available  at  the  site by Seller.  The utilities are to be stubbed to the site
and  shall  be  designed  to  accommodate  multiple  buildings  (casino,  hotel,
maintenance  buildings,  etc.).

D)     PAVING:  Seller  shall  be responsible for the cost and work of paving to
the  entrance  of  the  Casino-Hotel  #2.

E)     STORM  SEWER:  Seller shall be responsible for all storm sewer management
such  that Purchasers will bear no cost relating to its property except for that
which  is  required to be located within the exterior boundaries of the site for
Casino-Hotel  #2.

F)     GRADE  FOR  GROUNDS  AND  PARKING LOTS:  Seller shall level and grade the
property  site such so that grade for Casino-Hotel #2's grounds and parking lots
meets  Mississippi's  building  code,  requirements  for flood plains located in
Tunica  County;  unless,  otherwise  agreed  to  in  writing  by  the  parties.

G)     GRADE  FOR  BUILDINGS  COMPRISING CASINO-HOTEL #2: Seller shall level and
grade the property site such so that grade for Casino-Hotel #2's buildings meets
Mississippi's  building  code,  requirements  for flood plains located in Tunica
County;  unless;  unless,  otherwise  agreed  to  in  writing  by  the  parties.

H)     TOPOGRAPHICAL  DRAWINGS:  Seller  shall furnish topographical drawings of
the  leveled  site  plan  for  use  by  the  Purchaser's  architectural  team.

I)     COMPLETION  DATE  FOR  GRADING,  STORM  SEWER  AND  UTILITIES:  Such
improvements  shall  be completed by May 1, 2007, except for rough grading which
shall  be  completed  by May 15, 2007; unless, otherwise agreed to in writing by
the  Parties.

J)     IMPROVEMENTS  TO  CASINO-HOTEL #2:  The parties agree that any documented
improvements  to  Casino-Hotel  #2  approved by purchaser which are beyond those
listed  in  paragraphs  a-h of this section and which are paid for by the Seller
shall  be reimbursed to the Seller at the time of closing unless other repayment
arrangements  are  made.

8)     ENVIRONMENTAL  COMPLIANCE:  Seller  represents  and warrants to Purchaser
that  to  Seller's  knowledge:

A)     There  is  no  pending  claim,  lawsuit,  proceeding  or  other  legal,
quasi-legal,  or  administrative  challenge  concerning  the  Premises  or  the
operation  thereof  or  any  condition  thereon,  and  no  such  claim, lawsuit,
proceeding  or  challenge  is  threatened  by  any  person  or  entity.

B)     No asbestos-containing materials have been installed in or affixed to the
structures  on  the  Premises  at any time during or prior to Seller's ownership
thereof.

C)     No  electrical  transformers,  fluorescent  light  fixtures  or  other
electrical equipment containing PCBs are or have been installed in or affixed to
the  Premises  at  any  time  during  or  prior  to  Seller's ownership thereof.

D)     The  Premises  and  all  operations  thereon  are  not  in  violation  of
applicable  law, and no governmental authority has served upon Seller any notice
claiming  any  violation  of  any statute, ordinance or regulation or noting any
need  for  repair,  construction, alteration or installation with respect to the
Premises  or  requiring  any  change in the means or methods of those conducting
operation  thereon.

E)     There  are  no  hazardous  wastes,  substances,  underground  tanks  or
contaminants  on,  in,  under  or  about  the  subject  property.

F)     Further,  no  hazardous  substances  have ever been disposed of in, on or
above the property, nor has Seller or Seller's affiliates ever used the property
for  the  storage, manufacture, disposal, handling, transportation or use of any
hazardous  substances  or  wastes.  For the purposes of this paragraph, the term
"hazardous  substances"  shall  mean  and  refer to asbestos, urea formaldehyde,
polychlorinated  biphenyls,  nuclear  fuels or materials, radioactive materials,
explosives,  known  carcinogens,  petroleum  products  and  by-products  and any
pollutant,  contaminant, chemical, material or substance defined as hazardous or
as  a  pollutant  or  a  contaminant  in, or the release or disposal of which is
regulated  by  any  environmental  law.

G)     All  underground storage tanks located on the property, if any, have been
properly  registered with all appropriate regulatory and governmental bodies and
are  otherwise  in  compliance  with  all  Federal,  State  and  local statutes,
regulations,  ordinances  and  other  regulatory  requirements.

9)     FORM  OF  DEED:  The  Seller  shall  deliver  to  Purchaser at Closing, a
general  warranty  deed,  conveying  good and marketable fee simple title to the
Property, subject only to such easements and restrictions of record specifically
approved  by  Purchaser  and  subject  to  the  following:

A)     Taxes  for  the  year in which the Closing occurs, which the Parties will
prorate.

B)     Zoning,  subdivision  and sign regulations of Tunica County, Mississippi,
and

C)     Those  certain restrictions, covenants and conditions which Seller causes
to  be  prepared  and  recorded in the Chancery Clerk's office of Tunica County,
Mississippi which will govern the overall development of the Resort Property and
payment  of  certain  fees  and  royalties  (the  "Covenants").

10)     COVENANTS:  The  Covenants  shall include the following, in addition, to
other issues relating to the governance of the Resort Property which the Parties
mutually  agree  to  negotiate  in  good  faith:

A)     DESIGN  CONTROL:  Seller's  approval  of  the  design  and  layout of all
aspects  of  the  Improvements  to  be  constructed  on  the  Resort  Property.

B)     LIMITATION  ON THE NUMBER OF CASINOS:  The number of casinos/hotels to be
located  on  or  adjacent  to  the  Resort  Property  shall  be  limited to six.

C)     ROYALTY:     The  Parties  agree  that  the  Seller  shall be entitled to
receive a royalty of four per cent (4%) of the gross gaming revenues reported to
the  Mississippi  Gaming  Commission  pursuant to the Mississippi Gaming Control
Act,  as  now  written  unless  the  parties  both agree to accept and adopt any
subsequent  amendment  of  that  statute.

I)     PAYMENT  OF  ROYALTY:  The  Royalty  shall be paid to Seller on a monthly
basis  at  the  same time Purchaser is required, pursuant to Mississippi law and
the  rules  and  regulations  of  the  Mississippi  State Tax Commission and the
Mississippi  Gaming  Commission,  to  pay  the  Mississippi  State  Tax
Commission/Mississippi  Gaming  Commission  the gaming tax but in no event shall
each  month's  rent be paid later than the 20th day of the following month. Each
Royalty  payment  shall  be accompanied by written statement signed by Purchaser
showing  the  Gross Revenues of Purchaser as set forth above. ALL PAYMENTS SHALL
                                                              ------------------
BE  DELIVERED  TO  SELLER AT THE ADDRESS LISTED IN PARAGRAPH 8 OF THIS CONTRACT.
 -------------------------------------------------------------------------------

(1)     LATE  PAYMENT  PENALTY:  If  any  Royalty is not paid within twenty (20)
days  of the date when due, Purchaser agrees to pay and will be obligated to pay
as  additional  Percentage  Compensation  for that month an amount equal to five
percent  (5%)  of  the  amount  otherwise  payable.

(2)     ENFORCEMENT  OF  PAYMENT  OF ROYALTY.  Enforcement of the payment of the
percentage  due  hereunder  shall  be  by separate agreement between the parties
addressing  all  covenants on the property.  Failure to pay the Royalty shall in
no  way  effect  the  purchaser's  title  to  the  property purchased hereunder.

(3)     PAYMENTS  SUBJECT TO PURCHASER OBTAINING A GAMING LICENSE:  The payments
required  under this Paragraph 4 are based upon the condition that the Purchaser
and its assignees obtain a gaming license from the Mississippi Gaming Commission
and  receipt  of  adequate  funding  to  carry out Purchaser's duties under this
Contract.

II)     RIGHT  TO  OBTAIN  REPORTS:  Purchaser gives its written and irrevocable
consent for Seller to obtain copies of any and all reports of revenue filed with
the  Mississippi  State  Tax  Commission  or  the  Mississippi Gaming Commission
derived  from  the  operation  of  any  and  all  gaming  business  conducted on
Casino-Hotel  #2.  Purchaser  will  cooperate  to assist Seller in obtaining any
information  desired  by  Seller  from  the  Mississippi  Gaming  Commission  or
Mississippi  State  Tax  Commission.

III)     CONFIDENTIALITY  OF  INFORMATION  OBTAINED:  Seller  will  hold  all
information  gathered  through  such  examination  or  reports and statements in
confidence  and will not disclose such information to anyone without Purchaser's
written  approval,  provided,  however, that if litigation ensues concerning the
payments,  Seller  may disclose any information necessary for said litigation to
any  parties  necessary  and may disclose all such information to its attorneys,
CPA's,  and  any  government  agency  which  requires  Seller  to  do  so.

IV)     COMMON  AREA MAINTENANCE (CAM) FEES:  The Purchaser acknowledges it will
benefit  financially  from  having  physical  access  to  the  Resort Property's
amenities  that  will include a transportation system connecting each casino and
hotel,  the  convention facility, and other resort facilities.   This will allow
the Purchaser access to the Seller's customer base.  The Purchaser agrees to pay
for  its  share  of  the  cost of operating and maintaining the common areas and
common  facilities  as  follows,  hereinafter referred to as the "Base CAM Fee":

(1)     CASINO,  INCLUDING  BACK  OF HOUSE CASINO OPERATIONS:  $11.00 per square
foot  is  the  Annual  `Base  CAM  Fee  for  the  Casino.

(2)     HOTEL:   $2.50  per  square  foot for all hotel space is the Annual Base
CAM  Fee  for  the  Hotel.

V)     TRANSPORTATION FEE:  The Purchaser agrees that in order to have access to
the transit system to be built upon the Resort Property and which is part of the
infrastructure  required for Casino-Hotel #2 that a fee equal to 2% of the gross
revenues  generated  from  Casino-Hotel  #2 may be charged for the operation and
maintenance of the transportation facility, hereinafter referred to as the "Base
Transportation  Fee".

11)     MERCHANTABILITY OF TITLE: In the event a title search reveals defects in
the title, other than those listed in Paragraph 8(a) and 8(b), and the Covenants
indicated  by  Paragraph  8(c)  which  will  materially and adversely affect the
Purchaser's  use  of  the  property  for  the development of a casino and hotel,
Purchaser  shall notify Seller in writing of the specific defects within 60 days
of  the  last  execution hereof and thereupon Seller shall have 120 days to cure
said defects.  In the event a defect arises and Purchaser notifies Seller of the
same  within  30  days of closing, the closing, at the request of Seller, may be
extended  to  provide  Seller with a full 120 days to cure the same.  The Seller
will  take  no  action  to  allow  any  defects  to  arise.

12)     COLLECTION  COSTS:  In the event any action is commenced by either party
against the other in connection herewith, the prevailing party shall be entitled
to  its  costs  and  expenses,  including  reasonable  attorney's  fees.

13)     NOTICE:  Any  and  all  notices  and  demands  by any party to the other
party,  required  or desired to be given hereunder shall be in writing and shall
be  validly given or made only if deposited in the United States mail, certified
or  registered,  postage prepaid, return receipt requested or if made by Federal
Express  or similar delivery service keeping records of deliveries and attempted
deliveries  or  if  made by telecopy.  Service by United States mail or delivery
service  shall be conclusively deemed made on the first business day delivery is
attempted  or  upon  receipt, whichever is sooner.  Service by facsimile copy or
telecopy  shall  be  deemed  made  upon  confirmed  transmission.

A)     PURCHASER:  Any notice or demand to Purchaser shall be addressed to Ervin
J.  Lee,  317  3rd  St.  NW,  Minot,  North  Dakota  58702,  telephone  number
701-837-1319,  fax  701-852-5257.

B)     SELLER:  Any  notice  or  demand  to  Seller shall be addressed to Myriad
World  Resorts  of  Tunica, LLC, Attn: Scott Hawrelechko or Larson Elmore, Suite
1000,  10th  Floor, 10050-112 Street, Edmonton, Alberta Canada T5K2J1; telephone
number  780-431-0086,  fax  780-447-2981.

Any  party hereto may change its address for the purpose of receiving notices or
demands  as herein provided by a written notice given in the manner aforesaid to
the  other  party  hereto,  which  notice  of change of address shall not become
effective,  however,  until  the  actual  receipt  thereof  by  the other party.

14)     FAILURE  OF  PERFORMANCE:  If  either Party fails to perform pursuant to
the  terms  of  this  Contract,  the Initial Deposit of $25,000 shall remain the
property of the Seller.  THE $1,000,000 LINE OF CREDIT SHALL REMAIN THE PROPERTY
OF  THE  PURCHASER.  The  amounts  retained  by  the  Seller shall be considered
liquidated  damages,  as consideration for the execution of this Contract and in
full  settlement  of any claims, causes of action at law or in equity, whereupon
Purchaser  and  Seller shall be relieved of all obligations under this Contract.

15)     ENTIRE CONTRACT: AMENDMENTS:  This Contract and its exhibits contain the
entire  Contract between the parties with regard to the sale and purchase of the
Property  except  as  provided  for  herein,  and  no  promise,  representation,
warranty,  covenant,  agreement  or  understanding not specifically set forth in
this  Contract  shall be binding upon, or inure to the benefit of, either party.
This  Contract  may  not  be  amended,  altered, modified or supplemented in any
manner  except  by  an  instrument in writing duly executed by the parties.  The
parties  hereto  represent, covenant and agree that any promise, representation,
warranty,  covenant,  agreement  or understanding which either deems material is
included  in  and  made  a  part  of  this  Contract.

16)     GOVERNING  LAW:  INTERPRETATION:  This  Contract  shall be construed and
enforced in accordance with the laws of the State of Mississippi.  The fact this
Contract  shall  have  been  prepared  by  an  attorney for either the Seller or
Purchaser  shall  not  be  used  to  construe  or interpret this Contract for or
against  either  party;  the parties intend that the provisions of this Contract
shall be given their fair meaning and no court shall construe this Contract more
stringently  against  one  party  than against the other.  Further, both parties
represent  that  they  are represented by counsel and have been fully advised of
the  affects  and  ramifications  of  all  terms,  conditions,  covenants,  and
obligations  contained  in  this  Contract.

A)     CONSTRUCTION.  Whenever possible, each provision of this Contract and any
other  statement,  instrument  or  transaction contemplated hereby or thereby or
relating  hereto  or  thereto  shall  be  interpreted  in  such  manner as to be
effective  and  valid  under  such  applicable law, but, if any provision of the
Contract  or  any other statement, instrument or transaction contemplated hereby
or  thereby  or  relating  hereto  or  thereto shall be held to be prohibited or
invalid  under  such applicable law, such provision shall be ineffective only of
such  prohibition  or  invalidity,  without  invalidating  the remainder of such
provision  or  the  remaining provisions of the Contract or any other statement,
instrument  or  transaction  contemplated  hereby  or thereby relating hereto or
thereto.  The  parties  shall endeavor in good-faith negotiations to replace any
invalid, illegal or unenforceable provisions with a valid provision the economic
effect  of  which  comes as close as possible to that of the invalid, illegal or
unenforceable provision.  The provisions of this Section are irrevocable and may
not  be  rescinded,  revoked or amended without the prior written consent of the
Seller.

17)     ARBITRATION:  The  parties  agree  to  arbitrate  any disputes which may
arise under this Contract, if permitted by the State of Mississippi, and further
agree  to  use  the arbitration protocol established by the American Arbitration
Association.

18)     BINDING  EFFECT:  The provisions of this Contract shall be binding upon,
and  shall inure to the benefit of, the parties and respective heirs, executors,
administrators,  personal  and  legal  representatives,  successors and assigns.

19)     NO  WAIVER:  The  failure  of  Seller or Purchaser to insist upon strict
performance of any of the terms, conditions, covenants and obligations contained
in  this Contract shall not be deemed a waiver of any rights or remedies for any
subsequent breach or default in the terms, conditions, covenants and obligations
herein  contained.

20)     SECTION  HEADINGS:  The  Section  headings  hereof  are  intended  for
convenience  and  reference  purposes  only and shall not be used to construe or
interpret  this  Contract.

21)     SEVERABILITY:  If any provisions of this Contract shall be determined by
any  court  to  be  invalid,  illegal  or  unenforceable to any extent, then the
remainder  of  this  contract  shall not be affected, and this Contract shall be
construed  as if the invalid, illegal, or unenforceable provision had never been
contained  in  this  Contract.

22)     TIME  IS OF THE ESSENCE:  Time is of the essence as to this Contract and
failure  of  either  party to timely comply with the provisions of this Contract
may  result in the other party canceling this Contract which decision will be in
that  party's  sole  discretion.

23)     CONDEMNATION  OR  CASUALTY: If the Property or any portion thereof shall
be  condemned,  prior  to closing, or any proceeding for the condemnation of the
Property, or any portion thereof, is filed, or an Contract of sale is negotiated
in lieu thereof, or if the Property shall sustain any casualty damage, Purchaser
may  elect  to  terminate this Contract and receive a full refund of Purchaser's
earnest  money  deposit.  If  Purchaser does not terminate and elects to proceed
hereunder,  any  condemnation  award  or  casualty  insurance  proceeds shall be
accredited  against  the  Purchase  Price.

24)     NON-PERFORMANCE:  If Seller fails to deliver the Deed or meet any of the
conditions  hereof,  Purchaser,  at  Purchaser's sole option, may terminate this
Contract  whereupon  the funds previously paid to Seller pursuant to Paragraph 3
shall  be  returned  to Purchaser within three (3) days, or Purchaser may demand
specific performance.  Upon return of previously paid money to Purchaser, Seller
will  be released from all liability to Purchaser related to this Contract, such
return  of  money  paid to Purchaser by Seller being Purchaser's sole remedy, if
specific performance is not elected.  If Purchaser fails to perform and close as
called  for  herein,  then Seller may retain all money previously paid otherwise
provided in this Contract and may demand and enforce specific performance of the
terms  hereof including unless, but not limited to, demanding restoration of the
property  as  called  for  by  Paragraph  4.

25)     BROKERS  AND  AGENT: Purchaser represents and warrants to Seller that no
broker  or  agent  is due a commission from the proceeds of the Closing.  Seller
represents  and warrants that Seller may have entered into a brokerage agreement
and that Seller and Broker will agree in a separate document as to the amount of
commission  and procedure for payment, including the payment at Closing.  Seller
will  provide  such  information  at  time of Closing as to payment.  Each Party
agrees to indemnify and hold the other and the Property harmless from the claims
of  any  agent  or  broker  for  the  payment  of  a  commission.

26)     TAX  FREE  EXCHANGE:  Notwithstanding  the  provisions  contained  above
relating  to  the  sale  of  the  Property, the parties acknowledge the possible
desire  and  intention  of  Seller,  if  possible,  to exchange the Property for
property  of  a  like  kind  or  to  utilize proceeds from a conveyance of other
property  in an exchange qualifying as a tax free exchange under Section 1031 of
the  Internal Revenue Code of 1986 (as amended), Purchaser and Seller shall each
cooperate  fully  to  implement  such  exchange  as  hereinafter provided (at no
additional  expense  to  the  other  party).

27)     DEFERRED  EXCHANGE:   In  order to permit Seller to implement a deferred
(or  non-simultaneous)  exchange  pursuant  to  I.R.S. regulation Section 1.1031
(k)-1  (the  Deferred  Exchange  Regulations), the parties acknowledge and agree
that  Seller  may  cause  the  Property  to  be conveyed, or this Contract to be
assigned,  to  a  Qualified  Intermediary  pursuant  to  the  Deferred  Exchange
Regulations  and that at closing, the Property will be conveyed to Purchaser and
the  Purchase Price will be paid by Purchaser to the Qualified Intermediary.  In
the  event  Purchaser  desires  to  effectuate acquisition using proceeds from a
deferred  exchange  involving  other  land presently vested in Purchaser, Seller
shall  accept  funds from Purchaser's Qualified Intermediary and shall recognize
that  Purchaser's  interest may be assigned to such Qualified Intermediary.  Any
deferred exchanges will be completed to the closing of this transaction so as to
vest  title  in  Purchaser  at  closing  upon  the payment of the balance of the
Purchase  Price.  A  material  part  of  the  consideration to the purchaser for
purchasing  is  that the Purchaser has the option to qualify this transaction as
part  of a tax-deferred exchange under Section 1031 of the Internal Revenue Code
of  1986.  Seller  agrees that Purchaser may assign this Contract to an exchange
intermediary  of  Purchaser's  choice.

28)     ASSIGNMENT AND SALE:  Purchaser, in order to comply with Mississippi law
for  ownership of casino property, shall be allowed to assign this Contract to a
Mississippi  entity  without  the  prior  written  consent  of Seller.  Further,
Purchaser  reserves  the  right  to  sell  this  Contract  to third party who is
qualified to own and operate a Mississippi casino; provided, the Seller is given
the  first  right  to repurchase this Contract and to meet or match any purchase
offer.  The  parties  agree  to  enter  into  a  breakaway  agreement.

29)     LIENS  AND ENCUMBRANCES OF TITLE: Seller agrees not to convey, mortgage,
allow  creation  of  liens,  or  do any act to diminish or encumber the title to
Seller's  property  while  this  Contract  remains  in  force.

30)     ABILITY  TO  EXECUTE:  Seller  warrants and represents that it possesses
full  right,  power and authority to execute, deliver and perform this Contract.
Purchaser  warrants  and  represents  that  it  possesses  full right, power and
authority  to  execute,  deliver,  and  perform  this  Contract.
WITNESS OUR SIGNATURES on the day and year as first above written and by signing
this  16  page  Contract  each  party represents to the Party opposite that this
contract  has  been read in its entirety and all terms, conditions covenants and
obligations  are  fully  understood.
HIGH  PLAINS  EQUITY,  LLC     MYRIAD  WORLD  RESORTS  OF  TUNICA,  LLC
     WHITFIELD  &  ASSOCIATES,  LLC

By  /s/Ervin  J.  Lee                 By  /s/Larson  Elmore
    -----------------------------         -------------------------------
Name:  Ervin  J.  Lee               Name:  Larson  Elmore
Its:  Managing  Director             Its:  MANAGER

STATE  OF  --NORTH  DAKOTA
COUNTY  OF  _______________

     Personally  appeared  before  me, the undersigned authority in and for said
County  and  State, the above named Ervin J. Lee, Managing Director of the above
named  High  Plains  Equity, LLC and acknowledged that on behalf of said nation,
and  in  its  name,  being  duly  authorized  so  to do, he signed the foregoing
instrument  and delivered said instrument on the day and year therein mentioned.

     GIVEN  under  my  hand  and official seal, this the _____ day of May, 2006.

(SEAL)     By  ____________________________
               ----------------------------
     Name  of  Notary  Public
     My  Commission  Expires:

STATE  OF  ARKANSAS     )
     )  ss
COUNTY  OF  PULASKI     )

     Personally  appeared  before  me, the undersigned authority in and for said
County  and  State,  the  above  named Larson Elmore, Manager of the above named
Myriad  World  Resorts  of  Tunica,  LLC and acknowledged that on behalf of said
limited  liability  company, and in its name, being duly authorized so to do, he
signed  the  foregoing  instrument  and delivered said instrument on the day and
year  therein  mentioned.

     GIVEN  under  my  hand  and official seal, this the _____ day of May, 2006.

(SEAL)     By  ____________________________
               ----------------------------
     Name  of  Notary  Public
     My  Commission  Expires:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}]]