(LAKES MANAGEMENT -- CIMARRON CASINO)
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 Management, LLC, a Minnesota limited liability company ("Lakes Management").
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 management agreement with Iowa Corp and the Iowa Tribe dated
January 27, 2005 (as amended from time to time, the "Management Contract"), pursuant to which Lakes
Management is to provide certain management services to Iowa Corp with respect the Cimarron Casino located
in Perkins, Oklahoma owned by Iowa Corp on behalf of the Iowa Tribe as described with specificity therein.
C. Pursuant to the terms of the Management Contract, the Iowa Tribe is required to execute and deliver this
Agreement to induce Lakes Management to enter into the Management Contract together with certain additional
documents and agreements referred to therein or related thereto.
D. The Iowa Tribe and Lakes Management intend that this Agreement shall be operative and binding upon the
date of execution by the parties (the "Effective Date").
NOW, THEREFORE, in consideration of the hereinafter mutual promises and covenants, and for other good a