Document:

<PAGE>

                                                                    Exhibit 10.6

                   NONDISCLOSURE AND NONCOMPETITION AGREEMENT

         THIS NONDISCLOSURE AND NONCOMPETITION AGREEMENT ("AGREEMENT") is made
effective as of June 1, 2003, by and between Financial Pacific Company, a
Washington corporation (together with its affiliates, the "COMPANY") and Dale A.
Winter (the "EXECUTIVE"). The parties to this Agreement are referred to herein
collectively as the "PARTIES" and each individually as a "PARTY."

         In consideration of the mutual covenants and agreements set forth
herein and other good and valuable consideration, and in recognition of the
Executive's past and continuing service to the Company and its subsidiaries as
the Company's President and Chief Executive Officer, the receipt and sufficiency
of which consideration is hereby acknowledged, the Parties agree as follows:

1.       NONDISCLOSURE OF CONFIDENTIAL INFORMATION

         The Executive acknowledges that the trade secrets and other proprietary
information and data concerning the business or affairs of the Company and its
subsidiaries to which he has access while employed by the Company ("CONFIDENTIAL
INFORMATION") are the property of the Company and such subsidiaries. The
Executive agrees that he shall use the Confidential Information for the sole
purpose of performing his duties and responsibilities as the Company's President
and Chief Executive Officer and, except in performing such duties, shall not
disclose to any person or use for his own account any Confidential Information
without the prior written consent of the Company's Board of Directors, unless
and to the extent that the Executive can demonstrate that the Confidential
Information had become generally known to and available for use by the public,
prior to the Executive's disclosure, other than as a result of the Executive's
acts or failures to act. The Executive shall deliver to the Company, upon its
request made at any time, all memoranda, notes, plans, records, reports,
computer tapes and software tapes and software and other documents and data (and
copies thereof) relating to the Confidential Information or the business of the
Company and/or its subsidiaries and which he possesses or has under his control.

2.       NONCOMPETITION; NONSOLICITATION

         a.       The Executive acknowledges that in the course of his
employment with the Company he has become familiar with the Company's
Confidential Information and that his services are of special, unique and
extraordinary value to the Company. The Executive agrees that from the date of
this Agreement until the Noncompete Termination Date (as defined below) (the
"NONCOMPETE PERIOD"), he shall not, directly or indirectly, own, manage,
control, participate in, consult with, render

<PAGE>

services for, or in any manner engage in any business competing with the actual
business of the Company in the markets in which the Company actually does
business, including but not limited to commercial lending and leasing, anywhere
in the United States. Nothing contained in this Agreement shall prohibit the
Executive from being a passive owner of the outstanding stock of any class of
securities, so long as the Executive has no active direct or indirect
participation in the business of the issuer.

         b.       During the Noncompete Period, the Executive shall not
knowingly directly or indirectly (i) induce or attempt to induce any employee of
the Company to leave the employ of the Company, (ii) hire any person who was an
employee of the Company at any time during the 12 month period preceding the
termination of the Executive's employment, or (iii) to induce any customer,
broker, supplier, licensee, consultant or other business relation of the Company
to cease doing business with the Company, (including, without limitation, by
making any negative statements about the Company).

         c.       If, at the time of enforcement of this Section 2, a court
shall hold that the duration, scope or area restrictions stated herein are
unreasonable under circumstances then existing, the parties agree that the
maximum duration, scope and/or area determined by the court to be reasonable
under such circumstances shall be substituted for the stated duration, scope or
area.

         d.       In the event of a breach or a threatened breach by the
Executive of any of the provisions of this Section 2 or Section 1 above, the
Company, in addition and supplementary to other rights and remedies existing in
its favor, may apply to any court of law or equity of competent jurisdiction for
specific performance and/or injunctive or other relief in order to enforce or
prevent any violations of the provisions hereof (without posting a bond or other
security).

         e.       The "NONCOMPETE TERMINATION DATE" shall be one year after the
effective date of the Executive's termination of employment for any reason
whatsoever, whether voluntary or involuntary (the "TERMINATION DATE").

3.       COMPENSATION

         a.       In consideration of the Executive's covenants set forth in
this Agreement, and subject to the exceptions set forth in Section 3(b), the
Company shall pay the Executive the following (collectively, the "NONCOMPETE
PAYMENT"): (i) an amount equal to the Executive's annual base salary, which base
salary shall in no event be less than the annual base salary paid to the
Executive on the date of this Agreement, for the 12 months preceding the
Termination Date; plus (ii) 50% of the greater of: (a) the annual bonus paid by
the Company to the Executive in the

                                       2
<PAGE>

Company's fiscal year ending December 31, 2003; or (b) the average annual bonus
paid by the Company to the Executive in the three fiscal years most recently
ended prior to the Termination Date. The Company shall withhold applicable taxes
on the Noncompete Payment, which shall be payable in 12 equal monthly
installments, in arrears, beginning on the last day of the month following the
Termination Date.

         b.       If (i) the Executive dies, (ii) the Executive's employment
with the Company is terminated as the result of a Liquidating Event within the
meaning of Section 10, and the assignee employs the Executive as a senior
executive officer with aggregate compensation that is substantially equal to or
greater than the compensation being paid by the Company to the Executive
immediately prior to the Liquidating Event and assumes the Company's rights and
obligations hereunder, (iii) the Company terminates the Executive's employment
for Cause, or (iv) if the Company liquidates without distributing assets to its
shareholders or files for protection under applicable bankrutcy or insolvency
laws, the Company shall have no obligation to pay the Noncompete Payment to the
Executive (or his heirs and representatives). Upon the occurrence of an event
described in clause (iv) of the preceding sentence, the Executive shall be
released from his obligations under Section 2 of this Agreement. For the
purposes of this Agreement, "CAUSE" shall mean (A) the Executive's conviction
for or plea of nolo contendere to a felony or a crime involving moral turpitude
or the Executive's conviction for or plea of nolo contendere to any other act or
omission involving dishonesty or fraud with respect to the Company, (B)
following the Executive's receipt of written notice of such failure, substantial
and repeated failure by the Executive to perform duties appropriate to the
Executive's role as the President and Chief Executive Officer of the Company as
reasonably assigned by the Company's Board of Directors, (C) gross negligence or
willful misconduct by the Executive with respect to the Company, or (D) a breach
by the Executive of this Agreement which, if susceptible of cure, has not been
cured within ten business days after notice of the breach has been delivered to
the Executive (any such notice shall specify the specific nature of the breach
and, if such breach is curable, the manner in which the Company requires such
breach to be cured).

4.       REPRESENTATIONS AND COVENANTS

         4.1      BY EXECUTIVE. The Executive hereby represents and warrants to
the Company that (i) the execution, delivery and performance of this Agreement
by the Executive does not and shall not conflict with, breach, violate or cause
a default under any contract, agreement, instrument, order, judgment or decree
to which that Executive is a party or by which he is bound, (ii) the Executive
is not a party to or bound by any employment or noncompetition agreement with
any other person or entity, and (iii) upon the execution and delivery of this
Agreement by both Parties, this

                                       3
<PAGE>

Agreement shall be the valid and binding obligation of the Executive,
enforceable in accordance with its terms, except as such enforceability may be
limited by applicable insolvency, bankruptcy, reorganization, moratorium or
other similar laws affecting creditors' rights generally and applicable
equitable principles (whether considered in a proceeding at law or in equity).
The Executive hereby acknowledges and represents that he has consulted with
independent legal counsel regarding his rights and obligations under this
Agreement and that he fully understands the terms and conditions contained
herein.

         4.2      BY COMPANY. The Company hereby represents and warrants to the
Executive that: (i) the person signing this Agreement on behalf of the Company
has full power, authority, and Company consent to sign this Agreement on behalf
of the Company; and (ii) subject to Section 10, this Agreement shall be binding
on the Company and any successors and/or assigns.

5.       NOTICES

         Any notice required or permitted hereunder shall be given in writing
and shall be deemed effectively given upon personal delivery, two business days
after deposit with a reputable overnight courier service or seven days after
mailing in the United States Post Office certified mail, postage prepaid, return
receipt requested, addressed to the other Party hereto at his or its address
number shown below:

              If to the Company:         Financial Pacific Company
                                         3455 South 344th Way
                                         Suite 300
                                         Federal Way, WA  98001

              If to the Executive:       Dale A. Winter
                                         15458 SE 67th Street
                                         Bellevue, WA  98006

or such other address or to the attention of such other person as the recipient
Party shall have specified by prior written notice to the sending Party.

6.       SEVERABILITY

         Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any

                                       4
<PAGE>

applicable law or rule in any jurisdiction, such invalidity, illegality or
unenforceability shall not affect any other provision or any other jurisdiction,
but this Agreement shall be reformed, construed and enforced as if such invalid,
illegal or unenforceable provision had never been contained herein.

7.       COMPLETE AGREEMENT

         This Agreement embodies the complete agreement and understanding
between the Parties with respect to its subject matter and supersedes and
preempts any prior understandings, agreements or representations by or between
the Parties, written or oral, which may have related to the subject matter
thereof in any way.

8.       NO STRICT CONSTRUCTION

         The language used in this Agreement shall be deemed to be the language
chosen by the Parties hereto to express their mutual intent, and no rule of
strict construction shall be applied against any Party.

9.       COUNTERPARTS

         This Agreement may be executed in counterparts, each of which shall be
deemed to be an original and both of which taken together shall constitute one
and the same document.

10.      SUCCESSORS AND ASSIGNS

         This Agreement shall be binding upon and shall inure to the benefit of
the Parties and their respective successors and assigns; provided, however, that
neither Party may assign or delegate any of its rights, duties or obligations
under this Agreement without the prior written consent of the other Party; and
provided, further, that the Company may, without the Executive's consent, assign
the Agreement in connection with (i) the transfer or sale of all or
substantially all of the assets of the Company, or (ii) a merger, consolidation
or other capital transaction involving the Company (either, a "LIQUIDATING
EVENT"), provided that, in either such case, the Executive becomes a senior
executive officer of the assignee with aggregate compensation that is
substantially equal to or greater than the compensation being paid to the
Executive by the Company immediately prior to the Liquidating Event.
Notwithstanding such assignment, the Company shall remain liable as co-obligor
for all payment obligations hereunder.

                                       5
<PAGE>

11.      GOVERNING LAW

         All issues and questions concerning the construction, validity,
enforcement and interpretation of this Agreement shall be governed by, and
construed in accordance with, the laws of the State of Washington, without
giving effect to any choice of law or conflict of law rules or provisions
(whether of the State of Washington or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of
Washington.

12.      AMENDMENT AND WAIVER

         The provisions of this Agreement may be amended or waived only with the
prior written consent of the Company and the Executive, and no course of conduct
or failure or delay in enforcing any provision of this Agreement shall affect
the validity, binding effect or enforceability of this Agreement.

13.      ATTORNEY FEES

         If it shall be necessary for a Party to employ an attorney to enforce
its rights pursuant to this Agreement because of the default of the other Party,
the defaulting Party shall reimburse the non-defaulting Party for its reasonable
attorneys' fees and court costs, including costs and attorneys' fees for
arbitration, litigation, and any appeal therefrom.

                                       6
<PAGE>

         IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as
of the date first written above.

                                            FINANCIAL PACIFIC COMPANY

                                            By: /s/ James K. Hunt
                                               ---------------------------------
                                            Its Authorized Officer

                                            /s/ Dale A. Winter
                                            ------------------------------------
                                            DALE A. WINTER

                                       7<PAGE>

                                                                    Exhibit 10.7

                  FORM OF FINANCIAL ADVISORY SERVICES AGREEMENT

                  This financial advisory services agreement, dated as of
January 23, 1998, (the "Agreement"), is made and entered into between Windward
Capital Partners, L.P., a Delaware limited partnership (the "Advisor"), and
Financial Pacific Company, a Washington corporation (the "Company").

                              W I T N E S S E T H:

                  WHEREAS, the Company entered into a Recapitalization Agreement
and Plan of Merger (the "Recapitalization Agreement"), dated as of January 23,
1998, among Windward Capital Associates, L.P. ("Windward"), Windward/Badger FPC,
L.L.C. ("Windward/ Badger"), Windward/Merban L.P. ("Windward/Merban") and
Windward/Merchant, L.P. ("Windward/Merchant"), (collectively the "Windward
Entities"), Windward/FPC Merger, L.P. ("Merger Sub"), the Company and the
Majority Shareholders (as listed in the signature pages thereto);

                  WHEREAS, the Company has entered into a Shareholders
Agreement, dated as of the date hereof, among Windward, Windward/Badger,
Windward/Merban, Windward/Merchant, the Company and the other shareholders of
the Company listed therein (the "Shareholders Agreement");

                  WHEREAS, the Company has requested that the Advisor make
available to the Company certain management and financial advisory services
commencing on the date hereof; and

                  WHEREAS, the Advisor desires to provide such management and
financial advisory services to the Company commencing on the date hereof;

                  NOW THEREFORE, in consideration of the mutual covenants and
agreements contained herein, it is agreed as follows:

         1.       Engagement and Duties

                           (a)      The Company hereby retains the Advisor as an
advisor to the Company, whereby the Advisor shall, from time to time, to the
extent reasonably requested by the Company, provide those management and
financial advisory services to the Company which are set forth in Section l(b)
hereof The Advisor hereby accepts such appointment and agrees to provide each of
the services required to be provided by it under this Agreement and to make
itself available from time-to-time, on a part-time basis, to consult with the
management and Board of Directors of the Company in connection with such
services. In addition to the services of its own personnel, the Advisor shall be
permitted, to the extent that it

<PAGE>

January 23, 1998
Page 2

determines in its sole discretion that it would be advisable or appropriate in
order to perform its services hereunder, to arrange for and coordinate the
services of other professionals, experts and consultants:

                           (b)      Upon the reasonable request of the Board of
Directors of the Company, the Advisor hereby agrees to provide the following
services to the Company and its subsidiaries:

                                    (i)      review periodically the business,
         operations, financial condition and prospects of the Company and its
         subsidiaries, including, without limitation: (A) reviewing the
         strategic direction and plans of the Company and its subsidiaries; (B)
         reviewing and evaluating the annual business plan and budget of the
         Company and its subsidiaries; (C) reviewing and evaluating the sales,
         profitability and working capital and other financing requirements of
         the Company and its subsidiaries; and (D) reviewing the salary and
         benefit levels of the senior management of the Company and its
         subsidiaries and reviewing and evaluating the performance of the senior
         management of the Company and its subsidiaries;

                                    (ii)     assist the Company in the
         identification, planning, structuring and negotiation of each potential
         acquisition by the Company,

                                    (iii)    assist the Company in seeking out
         and negotiating with potential financing sources in connection with the
         financing of any transaction referred to in clause (ii) above;

                                    (iv)     provide to the Company such other
         management and financial advisory services as may be reasonably
         requested by the Board of Directors of the Company; and

                                    (v)      advise the Company and its
         subsidiaries regarding any claims for indemnification on behalf of the
         Company or its subsidiaries pursuant to the Recapitalization Agreement.

                           (c)      In the event the transactions contemplated
by the Recapitalization Agreement are not consummated, the parties to this
Agreement acknowledge that they shall not be obligated to perform any of their
respective obligations hereunder.

2.       Nature of Relationship. Notwithstanding the services provided by the
Advisor, the Advisor shall be deemed to be an independent contractor and, unless
otherwise expressly authorized by the Company's Board of Directors, shall not be
authorized to manage the affairs of, act in the name of or bind the Company. The
Company shad not be obligated to follow or accept any advice or

<PAGE>

January 23, 1998
Page 3

recommendation made by the Advisor, and the management, policies and operations
of the Company shall be the sole responsibility of the Board of Directors and
the management of the Company. The obligations of the Advisor to the Company are
not exclusive, and the Advisor may, in its sole discretion, render the same or
similar services to any other person or entity. Nothing set forth in this
Agreement shall be deemed to prohibit the Advisor from serving any other person
or entity in any capacity the Advisor may deem appropriate or from conducting
its business and affairs in any manner it may elect, whether or not such
activities might Involve an actual or potential conflict of interest with
respect to the Company or any of its subsidiaries.

                  3.       Term. Subject to the termination provisions of
Section 6 hereof, the initial term of this Agreement shall commence on the date
hereof and continue for a period of three (3) years following the date hereof;
thereafter, the term of this Agreement shall be extended automatically for
successive one-year periods unless the Board of Directors of the Company or the
Advisor shall give written notice to the other party at least six (6) months
prior to the end of (i) the initial three-year term, or (ii) any one-year
extended period then in elect (as the case may be).

                  4.       Compensation and Expenses.

                           (a)      In consideration of the services to be
provided by the Advisor to the Company, the Company shall pay the Advisor an
annual management fee of $150,000 (the "Management Fee"), payable in semi-annual
installments of $75,000 each on January 2 and July 1 of each year. The initial
payment of $75,000 shall occur promptly following the closing of transactions
contemplated by the Recapitalization Agreement should the closing occur after
January 2, 1998. Such semi-annual installments shall be paid at the beginning of
each such semi-annual period with the first such semi-annual installment paid on
the date hereof. The Company shall also pay or reimburse the Advisor for all
Expenses (as defined below) in accordance with Section 4(b) below. Upon any
termination of this Agreement, the Management Fee payable with respect to the
then-current semi-annual period shall be prorated to reflect the actual number
of days during which this Agreement was in effect; provided that no proration
shall be made by the Company if the Company elects to terminate this Agreement
as provided under Section 6(a) or if this Agreement is terminated as the result
of the operation of Section 6(b) and the Advisor shall be entitled to the full
Management Fee for such semi-annual period.

                           (b)      The term "Expenses" shall mean all fees,
costs and expenses reasonably incurred by the Advisor in connection with its
provision of services hereunder, including, without limitation: (i) all fees and
expenses of legal counsel, accountants and other consultants and experts
retained by the Advisor in connection with its provision of services hereunder,
(ii) all travel and other out-of-

<PAGE>

January 23, 1998
Page 4

pocket costs and expenses incurred by the Advisor in connection and (iii) all
Losses (as defined below) that are the subject of indemnification pursuant to
this Agreement. The Company shall reimburse the Advisor promptly for all
Expenses upon the Advisor's presentation of invoices or other documents
reasonably evidencing such Expenses.

                  5.       Indemnification, Etc.

                           (a)      The Company shall, to the fullest extent
permitted by law, indemnify the Advisor and each officer, director, partner,
employee, Affiliate (as defined in the Recapitalization Agreement), agent and
representative of the Advisor (collectively, the "Indemnitees") against, and the
Company will hold harmless and will release each Indemnitee from, any and all
Losses (as defined below), including any incurred in connection with any action,
claim, suit, inquiry, proceeding, investigation or appeal taken from the
foregoing by or before any court or governmental, administrative or other
regulatory agency, body or commission, whether pending or threatened, whether or
not any Indemnitee is or may be a party thereto, which arise out of, relate to
or are in connection with the provision of any services hereunder or otherwise
relate to this Agreement or the management or conduct of the business or affairs
of the Company or any of its subsidiaries, except for any Losses that are found
by a court of competent jurisdiction to have resulted primarily from the gross
negligence or willful misconduct of the Indemnitee seeking indemnification. The
term "Losses" shall mean all losses, claims, damages or liabilities of each
Indemnitee, joint or several, and all judgments, fines, penalties, interest and
charges, and all costs and expenses incurred in connection with the
investigation, defense or settlement of any pending or threatened claims
(including, without limitation, attorneys, fees and expenses related thereto).

                           (b)      The termination of any proceeding by
settlement shall not, of itself, create a presumption that the Indemnitee acted
in a manner which constituted gross negligence, willful misconduct or a knowing
violation of law. The right of any Indemnitee to the indemnification provided
herein shall be cumulative of, and in addition to, any and all rights to which
such Indemnitee may otherwise be entitled by contract or as a matter of law or
equity and shall extend to his heirs, successors, assigns and legal
representatives.

                           (c)      Promptly after receipt by an Indemnitee
hereunder of written notice of the commencement of any action or proceeding with
respect to which a claim for indemnification may be made pursuant to this
Section 5, such Indemnitee will, if a claim in respect thereof is to be made
against the Company, promptly give written notice to the Company of the
commencement of such action; provided that the failure of any Indemnitee to give
notice as provided herein shall not relieve the Company of its obligations under
this Section 5, except to the extent that the Company is actually and materially
prejudiced by such failure to give notice. In

<PAGE>

January 23, 1998
Page 5

case any such action is brought against an Indemnitee, unless in such
Indemnitee's reasonable judgment a conflict of interest between such Indemnitee
and the Company may exist in respect of such claim, the Company will be entitled
to participate in and to assume the defense thereof, to the extent that it may
wish, with counsel reasonably satisfactory to such Indemnitee, and after notice
from the Company of its Section to assume the defense thereof, the Company will
not be liable to such Indemnitee for any legal or other expenses subsequently
incurred by the Indemnitee in connection with the defense thereof, unless in
such Indemnitee's reasonable judgment a conflict of interest between the
Indemnitee and the Company arises in respect of such claim after the assumption
of the defense thereof(in which case, the Company shall not assume the defense
thereof, but shall be responsible for the fees and expenses of one counsel in
each jurisdiction for all parties indemnified by the Company, subject to the
same exception as is set forth in the last sentence of this subsection (c)), and
the Company will not be subject to any liability for any settlement made without
its consent (which consent shall not be unreasonably withheld). The Company will
not consent to entry of any judgment or enter into any settlement (i) which does
not include as an unconditional term thereof the giving by the claimant or
plaintiff to such Indemnitee of a release from, all liability in respect to such
claim or litigation, and (ii) that imposes any obligation on an Indemnitee
(except any obligation to make payments which the Company shall, and promptly
does, pay). If the Company elects not to assume the defense of a claim, it will
not be obligated to pay the fees and expenses of more than one counsel for all
parties indemnified by the Company with respect to such claim, unless in the
reasonable judgment of any Indemnitee a conflict of interest may exist between
such Indemnitee and any other of such Indemnitees with respect to such claim, in
which event the Company shall be obligated to pay the fees and expenses of such
additional counsel or counsels.

                           (d)      Notwithstanding any termination of this
Agreement pursuant to Section 6, the expiration of the term hereof pursuant to
Section 3 or otherwise, the indemnification provided under this Agreement shall
remain in full force and effect thereafter.

                           (e)      No Indemnitee shall be liable to the Company
or its subsidiaries for any error of judgment or mistake of law or for any loss
incurred by the Company or its subsidiaries or any of their respective
Affiliates in connection with the matters to which this Agreement relates,
except for any damages that are found by a court of competent jurisdiction to
have resulted primarily from the gross negligence or willful misconduct of the
Indemnitee seeking indemnification. In no event shall the Advisor or any
Indemnitee be liable for any indirect, special or consequential damages arising
out of or in connection with this Agreement. The Advisor and the Indemnitees may
consult with legal counsel, accountants and other consultants and experts in
respect of the affairs of the Company and its subsidiaries and shall be fully
protected and justified in acting, or failing to act, in a manner consistent
with the advice or opinion of such legal counsel, accountants and other

<PAGE>

January 23, 1998
Page 5

consultants and experts.

                  6.       Termination. Notwithstanding anything to the contrary
contained in this Agreement, (a) this Agreement may be terminated by either the
Advisor or the Company upon at least six (6) months prior written notice to the
other party, and (b) this Agreement shall terminate automatically without any
action on the part of either party hereto upon (i) the consummation of a
Compelled Sale (as defined in the Shareholders Agreement), (ii) Windward
Entities no longer control at least 25% of the outstanding Common Stock (as
defined in the Recapitalization Agreement) calculated on a Fully Diluted Basis
(as defined in the Shareholders Agreement), or (iii) any termination of the
Shareholders Agreement in accordance with the terms thereof (other than a
termination that occurs as a result of an IPO Event, as defined therein).

                  7.       Notices. Any notice, request, demand, waiver,
consent, approval or other communication which is required or permitted
hereunder shall be in writing and shall be deemed given only if delivered
personally to the address set forth below (to the attention of the person
identified below) or sent by telefax, telegram or by registered or certified
mail, postage prepaid, return receipt requested as follows:

                  If to the Company:

                           Financial Pacific Company
                           3901 South Fife
                           Tacoma, WA  98409
                           Attention:       Douglas Erwin
                           Telephone:       (800) 510-0102
                           Telecopier:      (800) 510-0101

                  If to the Advisor:

                           Windward Capital Partners
                           1177 Avenue of the Americas
                           42nd Floor
                           New York, NY  10036
                           Attention:       Peter Macdonald
                           Telephone:       (212) 382-6516
                           Telecopier:      (212) 382-6534

<PAGE>

January 23, 1998
Page 7

                  8.       Entire Agreement. This Agreement constitutes the
entire agreement among the parties with respect to the subject matter hereof It
supersedes any prior agreement or understanding among them, and it may not be
modified or amended in any manna other than by an instrument in writing signed
by both parties hereto, or their respective successors or assigns, or otherwise
as provided hereon.

                  9.       Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY
AND INTERPRETED AND ENFORCED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE
STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW PRINCIPLES
THEREOF.

                  10.      Successors and Assigns. This Agreement shall be
binding upon and inure to the benefit of the parties and their legal
representatives, heirs, administrators, executors, successors and assigns.
Nothing in this Agreement, express or implied, is intended or shall be construed
to give any person other than the parties to this Agreement and their respective
successors or permitted assigns, any legal or equitable right, remedy or claim
under or in respect of any agreement or any provision contained harem.

                  11.      Force Majeure. If the performance by the Advisor of
any of its services hereunder is prevented, restricted or interfered with in
whole or in part by reason of any event or cause whatsoever beyond the
reasonable control of the Advisor, then in any such event, the Advisor shall be
excused from such performance to the extent of such prevention, restriction or
interference, and the Management Fee payable hereunder shall be reduced
proportionately.

                  12.      Headings. Captions contained in this Agreement are
inserted only as a matter of convenience and in no way define, limit or extend
the scope or intent of this Agreement or any provision hereof.

                  13.      Severability. If any provision of this Agreement, or
the application of such provision to any person or circumstance, shall be held
invalid, the remainder of this Agreement, or the application of such provision
to persons or circumstances other than those to which it is held invalid, shall
not be affected thereby.

                  14.      Waivers. No provision of this Agreement shall be
deemed to have been waived unless such waiver is contained in a written notice
given to the party claiming such waiver, and no such waiver shall be deemed to
be a waiver of any other or further obligation or liability of the party or
parties in whose favor the waiver was given.

                  15.      Counterparts. This Agreement may be executed in

<PAGE>

January 23, 1998
Page 8

counterparts, each of which shall constitute one and the same instrument.

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the date first written above.

                                    WINDWARD CAPITAL PARTNERS, L.P.

                                    By: Windward Management, Inc., its general
                                        partner

                                    By: /s/ Peter Scott Macdonald
                                        --------------------------------------
                                        Name: Peter Scott Macdonald
                                        Title: Authorized Signatory

                                    FINANCIAL PACIFIC COMPANY

                                    By: /s/ Douglas G. Erwin
                                        --------------------------------------
                                        Name: Douglas G. Erwin
                                        Title: President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]