Preview | Consulting Agreement |

CONSULTING AGREEMENT

This Agreement is made and entered into as of the 13^th day of October 2006 by and between Larson Elmore, an individual residing at 18 Ninth Fairway Loop, Maumelle, Arkansas 72113 (theConsultant), and Myriad Entertainment and Resorts, Inc., a Delaware corporation, with its place of business located at 2565 Horizon Lake Drive, Suite 110, Memphis, TN 38133 (the "Company").

WHEREAS, the Company has issued to the Consultant a convertible debenture in the principal face amount of $1,050,000 with interest thereon at eight percent (8%) per annum and convertible into shares of the Companys common stock at $0.10 per share;

WHEREAS, the Company has issued to the Consultant a warrant to purchase up to five million (5,000,000) shares of the Companys common stock at exercise prices ranging from $0.30 to $3.00 per share at various dates from October 2006 to October 2009, as more fully provided in that Warrant;

WHEREAS, the Company is in the process of developing and constructing a world class resort in Tunica, Mississippi (the Resort);

WHEREAS, the Consultant has experience and knowledge in matters pertaining to the development and construction of the Resort; and

WHEREAS, the Company seeks the services of the Consultant and the Consultant agrees to provide it services to the Company, on the terms and conditions contained in this Agreement.

In consideration of the mutual promises made herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

1. Purpose: The Company hereby engages the Consultant for the term specified in Paragraph 2 hereof to render certain management services and advice to the Company relating to the Companys development and construction of the Resort.

2. Term: Except as otherwise specified in Paragraph 4 hereof, this Agreement shall be effective from October 14, 2006 to October 14, 2010.

3. Duties of the Consultant: During the term of this Agreement, the Consultant shall provide advice and opinions to the Company on subjects relating to the Resort. Specifically, Consultant intends to provide services in connection with the development, construction, and funding of the Resort.

Consultant will determine in its sole discretion the time, place and manner of the services it renders as well as the overall amount of time Consultant expends in providing services under this Agreement. Such advice and opinions will most often be given orally. However, the Company may occasionally and reasonably request that advice or opinions be provided in writing. The Consultants management team will be made available to assist the Company in its strategic planning.

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