(LAKES IOWA CONSULTING - NEW PROJECT)
THIS TRIBAL AGREEMENT (hereinafter referred to as the "Agreement") is made as of January 27, 2005
("Effective Date") by and among the Iowa Tribe of Oklahoma ("Iowa Tribe"), a federally recognized Indian tribe,
and Lakes Iowa Consulting, LLC, a Minnesota limited liability company ("Lakes Consulting").
A. The Iowa Tribe is a federally recognized Indian tribe eligible for the special programs and services provided
by the United States to Indian tribes, and is recognized as possessing and exercising powers of self-government.
The Iowa Tribe, pursuant to Section 3 of the Oklahoma Indian Welfare Act of June 26, 1936 (49 Stat. 1967),
was issued a corporate charter for Iowa Corp on January 4, 1938 by the Secretary of the Interior and said
corporate charter was ratified by the Iowa Tribe on February 5, 1938. Iowa Corp is vested with sovereign
immunity, and is the entity that controls and manages the economic affairs of the Iowa Tribe, including tribal
B. Lakes Consulting has entered into a Consulting Agreement with Iowa Corp and the Iowa Tribe dated January
27, 2005 (as amended from time to time, the "Consulting Contract"), pursuant to which Lakes Consulting is to
provide certain financing, development and consulting services to Iowa Corp with respect to certain "Project
Facilities" concerning a new project with specified gaming operations and related amenities to be developed in
Iowa Indian Country, now or hereafter owned by Iowa Corp on behalf of the Iowa Tribe as described with
C. Pursuant to the terms of the Consulting Contract, the Iowa Tribe is required to execute and deliver this
Agreement to induce Lakes Consulting to enter into the Consulting Contract together with certain additional
documents and agreements referred to therein or related thereto.
D. The Iowa Tribe and Lakes Consulting intend that this Agreement shall be operative and binding upon the date