Document:

<PAGE>

                                                                    EXHIBIT 10.6

               Amendment to Executive Supplemental Retirement Plan

         RESOLVED, that the NTELOS Inc. Executive Supplemental Retirement Plan
is hereby amended, effective January 1, 2002, in the following respects:

         FIRST:  Section 1.04 is amended to read as follows:
         -----

               Change in Control means:
               -----------------

               (a)    any "person," as such term is used in Sections 13(d) and
               14(d) of the Securities Exchange Act of 1934, as amended (the
               "Exchange Act") (other than the Company, any trustee or other
               fiduciary holding securities under an employee benefit plan of
               the Company, or any company owned, directly or indirectly, by the
               shareholders of the Company in substantially the same proportions
               as their ownership of stock of the Company), is or becomes the
               owner or "beneficial owner" (as defined in Rule 13d-3 under the
               Exchange Act), directly or indirectly, of Company securities
               representing more than 30% of the combined voting power of the
               then outstanding securities;

               (b)    during any period of two consecutive years (not including
               any period prior to January 1, 2002), individuals who at the
               beginning of such period) constitute the Board, and any new
               director (other than a director designated by a person who has
               entered into an agreement with the Company to effect a
               transaction described in clause (a), (c), (d) or (e) of this
               section) whose election by the Board or nomination for election
               by the Company's shareholders was approved by a vote of a
               majority of the directors then still in office who either (1)
               were directors at the beginning of such period or (2) were so
               elected or nominated with such approval, cease for any reason to
               constitute at least a majority of the Board;

               (c)    the shareholders of the Company approve a merger or
               consolidation of the Company with any other Company and such
               merger or consolidation is consummated, other than (1) a merger
               or consolidation which would result in the voting securities of
               the Company outstanding immediately prior thereto continuing to
               represent (either by remaining outstanding or by being converted
               into voting securities of the surviving entity) more than 50% of
               the combined voting power of the voting securities of the Company
               or such surviving entity outstanding immediately after such
               merger or consolidation or (2) a merger or consolidation effected
               to implement a recapitalization of the Company (or similar
               transaction) in which no "person" (as hereinabove defined)
               acquires more than 30% of the combined voting power of the
               Company's then outstanding securities;

               (d)    the shareholders of the Company approve a plan of complete
               liquidation of the Company or an agreement for the sale or
               disposition by the Company of all or substantially all of the
               Company's assets and such liquidation or sale of assets is
               consummated; or

               (e)    the sale, transfer, conveyance or other disposition of all
               or substantially all of the assets (whether by asset sale, stock
               sale, merger, combination or otherwise) of one or

<PAGE>

               more of the Company's Material Lines of Business but only with
               respect to Participants who are employed at such time in any such
               Material Line of Business (whether full or part time) and whose
               employment is terminated by the Company or the acquirer prior to
               the third anniversary of such sale transfer, conveyance or other
               disposition or whose employment is terminated by the Participant
               for Good Reason prior to the third anniversary of such sale,
               transfer, conveyance or other disposition (the Change of Control
               in that event being deemed to have occurred at the time of
               Termination of Employment). Provided, however, such sale,
               transfer, conveyance or disposition shall not constitute a Change
               of Control for the purposes of this Plan as to those
               Participants:

                      (i)    whose employment is terminated by the Participant
                             without Good Reason;

                      (ii)   whom the Company employs for at least three years
                             following such sale, transfer, conveyance, or other
                             disposition; or

                      (iii)  whom the acquirer of any such Material Line of
                             Business employs for at least three years following
                             such sale, transfer, conveyance or other
                             disposition if such acquirer agrees to assume all
                             of the Company's obligations under this Plan to
                             those Participants following such sale, transfer,
                             conveyance or disposition and establishes a grantor
                             trust with assets sufficient to pay all such
                             obligations (provided that the foregoing shall not
                             affect the Participant's right to terminate the
                             Participant's employment for Good Reason);

               provided, however, a Change in Control shall not include an
               acquisition, directly or indirectly, of more than 30% of the
               combined voting power of the Company's then outstanding
               securities by Welsh, Carson, Anderson & Stowe, VIII, L.P. or
               Welsh, Carson, Anderson & Stowe, IX, L.P. (collectively "WCAS"),
                                                                        ----
               any Controlled Entity, and any Permitted Transferee (a Permitted
               Transferee, together with WCAS and their Controlled Entities, the
               "WCAS Entities"), pursuant to the Amended and Restated
                -------------
               Shareholders Agreement dated as of October 23, 2000, as amended,
               restated or modified from time to time in accordance with the
               terms thereof (the "Shareholders Agreement") but only so long as
               (i) the WCAS Entities shall comply with Article 5 of the
               Shareholders Agreement and (ii) the WCAS Entities', in the
               aggregate, do not own more than 40% of the Company's then
               outstanding securities or more than 37.5% of the voting power of
               the Company's then outstanding securities. Notwithstanding
               anything to the contrary above, in the event that the Board of
               Directors of the Company approves the acquisition of the
               Company's securities with the result that the WCAS Entities have
               ownership interests in excess of either of the percentages set
               forth above, a Change in Control shall not have occurred at that
               time for purposes of Section 3.06(a) of the Plan on account of
               such acquisition by the WCAS Entities but will still be deemed to
               have occurred for all other provisions of the Plan, including
               without limitation Section 3.06(b) and Section 5.02. Any
               subsequent transaction or acquisition, however, whether or not
               involving the WCAS Entities, may result in a Change of Control
               for purposes of Section 3.06(a) of the Plan and must be treated
               accordingly. For purposes of this Plan, "Controlled Entity" shall
               mean any entity in which WCAS owns the majority of the voting
               shares or securities or has the ability (whether through the
               ownership of voting securities, contract or otherwise) to elect a
               majority of the board of directors or other similar governing
               body or of which WCAS has the authority to control or direct the
               investment decisions. For purposes of this Plan, "Permitted
               Transferee" shall mean any

<PAGE>

               person that shall become a party to or agree to be bound by the
               terms of the Shareholders Agreement by acquiring any of the
               Company's common stock, warrants or securities convertible or
               exchangeable into shares of the Company's common stock, from any
               other person who is a party to or agrees to be bound by the terms
               of the Shareholders Agreement.

               For purposes of this Plan, "Material Line of Business" means any
               line or lines of business or service or group of services which
               represent(s) in the aggregate either 25% or more of the Company's
               consolidated revenues or 25% or more of the Company's
               consolidated EBITDA (earnings before interest, taxes,
               depreciation and amortization) for the twelve-month period ended
               on the last day of the most recently ended fiscal quarter for the
               Company.

               SECOND: Section 1.11 is amended by deleting the words "and his
               ------
               designation as a Participant has not been revoked or rescinded"
               and by substituting the following "or is entitled to benefits
               under the Plan."

         THIRD:  Article II is amended to read as follows:
         -----

         An Eligible Employee who is designated to participate in the Plan by
         the Board shall become a Participant in the Plan as of the date
         specified by the Board. A Participant shall continue to participate
         until such date he is no longer an Eligible Employee or until he is no
         longer entitled to benefits under the Plan. In no event may the Board
         declare that a Participant is no longer a Participant or revoke or
         rescind a Participant's designation as such other than as described in
         the preceding sentence.

         Fourth: Section 3.01 is amended by adding in the third line of Section
         ------
         3.01(a)(1) after the word "below" and before the word "where," and
         again in the third line of Section 3.01(a)(2) after the word "below"
         and before the word "where," the following language:

         ,as reduced if applicable as described in Section 3.06 of the Plan,

         FIFTH: Section 3.03(b) is amended by adding at the end of the second
         -----
         sentence thereof the following:

         and as reduced if applicable as described in Section 3.06 of the Plan.

         SIXTH: Section 3.04 is amended by adding at the end of the first
         -----
         sentence thereof the following language:

         and as reduced if applicable as described in Section 3.06 of the Plan.

         SEVENTH: Section 3.06 is amended by deleting the current language and
         -------
         substituting therefore the following:

         3.06  Change of Control.
               -----------------

         (a)   Effective January 1, 2002, on a Control Change Date,
         notwithstanding any other provision of the Plan, a Participant shall be
         entitled to a lump sum cash payment which shall be made on the Control
         Change Date equal to the Actuarial Equivalent of all his benefits under
         the Plan as of the date he would have been eligible to Retire and
         determined under Plan Section

<PAGE>

         3.01(a)(1), based on his Years of Service as the Control Change Date
         (which shall include any Years of Service creditable under the second
         sentence of Section 1.18), provided, however, that no such benefits
         under this Section 3.06(a) shall be payable if Participant is not an
         Eligible Employee as of the Control Change Date.

         (b)   Effective January 1, 2002, notwithstanding any other provision of
         the Plan, on and after a Control Change Date, a Participant who is not
         an Eligible Employee on a Control Change Date and who has commenced
         receiving or is otherwise entitled to receive benefits under the Plan
         (other than on account of this Section 3.06(b)), and a Participant who
         is an Eligible Employee as of the Control Change Date and who commences
         receiving or otherwise becomes entitled to receive benefits under the
         Plan (other than on account of this Section 3.06(b)) after such Control
         Change Date because of Retirement, death or becoming Disabled, shall be
         entitled to a lump sum cash payment which shall be made on the Control
         Change Date, or for a Participant who is an Eligible Employee as of the
         Control Change Date as soon as practical after the Participant
         otherwise becomes entitled to receive benefits under the Plan, equal to
         the Actuarial Equivalent of all his remaining benefits under the Plan
         as of such time.

         (c)   Notwithstanding any other provision of this Plan, any payment
         made to a Participant under this Section 3.06 shall reduce on an
         Actuarial Equivalent basis (but not below zero) any further benefits
         otherwise payable to such Participant under this Plan. In the event
         Participant does not become entitled to any further benefits under this
         Plan, Participant shall not be required to return any payment made
         under this Section 3.06.

         EIGHTH: Section 7.01 is amended by deleting the first sentence thereof
         ------
         and substituting therefor the following new first sentence:

         Except as otherwise specifically provided, the Company reserves the
         right to terminate, amend or modify this Plan, wholly or partially, at
         any time and from time to time; provided, however, that without a
         Participant's consent, the Board may not terminate, amend or modify (i)
         Section 1.04, Article II, Article III, Section 5.02(b), Section 7.01,
         Section 7.03 and Exhibit I at any time or (ii) any other provision of
         the Plan within twelve (12) months before a Control Change Date or
         after a Control Change Date.

         NINTH: Section 3.05 is deleted and the following new Section 3.05 is
         -----
         substituted therefore:

         Benefits payable under this Plan shall be forfeited if, within two
         years after Termination of Employment (the "Non-Competition Period"),
         the Participant competes with the Company by performing or causing to
         be performed the same or similar types of duties or services that the
         Participant performed for the Company for a Competitor of the Company
         in any capacity whatsoever, directly or indirectly, within any city or
         county of the continental United States in which, at the time of the
         Participant's Termination of Employment, the Company provides services
         or products, offers to provide services or products, or has documented
         plans to provide or offer to provide services or products provided that
         the Participant has knowledge of those plans at the time the
         Participant's employment with the Company ends. Additionally, the
         Participant agrees that during the Non-Competition Period, the
         Participant will not, directly or indirectly, sell, attempt to sell,
         provide or attempt to provide, any products or services in competition
         with those products or services provided by the Company to any person
         or entity who was a customer or an actively sought prospective customer
         of the Company, at any time during the Participant's employment with
         the Company.

<PAGE>

         (a)   For purposes of this Section 3.05, the following definitions will
         apply:

                      (a)    (i)    "Directly or indirectly" as used in this
               Plan includes an interest in or participation in a business as an
               individual, partner, shareholder, owner, director, officer,
               principal, agent, employee, consultant, trustee, lender of money,
               or in any other capacity or relation whatsoever. The term
               includes actions taken on behalf of the Participant or on behalf
               of any other person. "Directly or indirectly" does not include
               the ownership of less than 5% of the outstanding shares of any
               corporation, if such shares are publicly traded in the
               over-the-counter market or listed on a national securities
               exchange.

                      (b)    (ii)   "Competitor" as used in this Plan means any
               person, firm, association, partnership, corporation or other
               entity that competes or attempts to compete with the Company by
               providing or offering to provide the same or similar services or
               products as the Company within any geographic area in which the
               Company provides or offers those services or products.
               "Competitor" does not include a parent, subsidiary or affiliated
               organization of any entity that competes or attempts to compete
               with the Company as defined in the preceding sentence where that
               parent, subsidiary or affiliated organization does not itself
               compete or attempt to compete with the Company by providing or
               offering to provide the same or similar services or products as
               the Company within any geographic areas in which the Company
               provides or offers those services or products.

         TENTH: Section 7.03 is amended by deleting the current language and
         -----
         substituting therefore the following:

         The rights of the Company set forth in Plan Section 7.01 are subject to
         the condition that the Board shall take no action to terminate the Plan
         or decrease any benefit that has accrued (based on the Participant's
         Years of Service as of the time of the Board's action) or become
         payable to a Participant, after the Participant accrues or commences
         receiving such benefits, without such Participant's consent, until all
         such benefits are paid in full or Participant is no longer entitled to
         receive them, in each case pursuant to the terms of the Plan. For
         purposes of this Plan Section 7.03, a Participant shall be treated as
         having accrued a benefit on and after the time the Participant is
         credited with a Year of Service under the Plan and Years of Service
         shall include any Years of Service creditable under the second sentence
         of Section 1.18. Notwithstanding the foregoing, nothing in this Plan
         Section 7.03 shall prevent the Board from amending the Plan to preclude
         any further Eligible Employees from becoming Participants in the Plan
         after such time or to preclude any Participant from further accruing
         any additional amount of benefits under the Plan after such time above
         the amount of benefits accrued based on the Participant's Years of
         Service as of the time of the Board's action. In the event the Board,
         as described in the preceding sentence, amends the Plan to preclude the
         further accrual of any additional amount of benefits under the Plan
         after the time of the Board's action, notwithstanding any other
         provision of this Plan, the amount of such Participant's benefits
         described in Article III, Plan Section 5.02(b) or otherwise shall be
         calculated as described in the applicable provisions of the Plan and
         based on the Participant's Years of Service credited on or before the
         time of the Board's action; however, in that event, any other provision
         of the Plan that requires a determination of a Participant's Years of
         Service for any purpose other than calculating the amount of the
         Participant's benefits described in Article III, Plan Section 5.02(b)
         or otherwise (including without limitation for the purpose of
         determining any entitlement to receipt of such amount of benefits)
         shall include any Years of Service credited to the Participant after
         the time of the Board's action.

<PAGE>

         ELEVENTH: Section 7.04 is amended by deleting the current last sentence
         --------
         in such Section 7.04.

         TWELFTH: Section 5.02(a) is amended by deleting the second sentence of
         -------
         Section 5.02(a) and by adding in the third line of Section 5.02(a)
         after the word "Retirement" and before the word "shall" the following
         language:

         , death or becoming Disabled while in the employ of the Company or an
         Affiliate

         THIRTEENTH: Section 5.02(b) is amended by adding in the second line of
         ----------
         Section 5.02(b) after the word "Retirement" and before the word "but"
         the following language:

         , death or becoming Disabled while in the employ of the Company or an
         Affiliate

         FOURTEENTH: Section 3.04 is amended by adding after the first sentence
         ----------
         the following language:

         Notwithstanding the preceding sentence, however, if the Participant who
         becomes Disabled while in the employ of the Company or an Affiliate has
         not completed fifteen (15) Years of Service, such Participant shall be
         entitled to receive the benefits described in Section 5.02(b), if any,
         as if the Company at such time had discharged the Participant without
         Cause and as reduced if applicable as described in Section 3.06 of the
         Plan.

         FIFTEENTH: Section 5.02(b) is further amended by adding at the end
         ---------
         thereof the following language:

         Notwithstanding the foregoing, however, if a Participant terminates his
         employment with the Company after a Control Change Date and is
         otherwise entitled to receive benefits under this Section 5.02(b), such
         Participant shall be entitled to a lump sum cash payment which shall be
         made as soon as practical after termination of employment equal to the
         Actuarial Equivalent of all his benefits under the Plan, which payment
         shall reduce on an Actuarial Equivalent basis (but not below zero) any
         further benefits otherwise payable to such Participant under this Plan.

RESOLVED FINALLY, that the appropriate offices of the Company are hereby
authorized and directed to take such actions and to execute such documents as
may be necessary or desirable to implement the foregoing resolution, all without
the necessity of further action by this Board.<PAGE>

                                                                   EXHIBIT 10(e)
                                                                   -------------

                               ADVISORY AGREEMENT

         THIS ADVISORY AGREEMENT (the "Agreement"), made as of the _____ day of
December __, 2001 among THE FOUR SEASONS TRADING FUND L.P., a Delaware limited
partnership (the "Trading Company"), JAMES RIVER MANAGEMENT CORP., a
_____________ corporation (the "General Partner"), and SSARIS ADVISORS, LLC, a
Delaware limited liability company (the "Trading Advisor"). Capitalized terms
that are used, but not defined, in this Agreement shall have the same meanings
ascribed thereto in the Prospectus.

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, the Trading Company has been organized to trade, buy, sell or
otherwise acquire, hold or dispose futures and forward contracts for
commodities, financial instruments, and currencies, any rights pertaining
thereto and any options thereon or on physical commodities and to engage in all
activities necessary or incident thereto (the foregoing forms of investment
being collectively referred to herein as "commodity interests");

         WHEREAS, the General Partner acts as general partner of the Trading
Company;

         WHEREAS, The Four Seasons Fund II L.P. (the "Partnership"), the sole
limited partner of the Trading Company, previously offered Units of Limited
Partnership Interest in the Partnership ("Units") for sale to investors in an
offering registered with the Securities and Exchange Commission ("SEC") under
the Securities Act of 1933, as amended (the "1933 Act"), as described in the
initial and any amended prospectus and registration statement filed with the SEC
under the 1933 Act, which also constitutes a disclosure document that has been
filed with the Commodity Futures Trading Commission (the "CFTC") and the
National Futures Association (the "NFA"), pursuant to the Commodity Exchange
Act, as amended (the "CEA"), the commodity pool operators and commodity trading
advisors regulations promulgated under the CEA by the CFTC (the "Commodity
Regulations"), and NFA rules promulgated under the CEA (the "NFA Rules");

         WHEREAS, the Trading Advisor is engaged in the business of, among other
things, making trading decisions on behalf of investors in the purchase and sale
of certain commodity interests; and

         WHEREAS, the Trading Company desires the Trading Advisor, upon the
terms and conditions set forth herein, to act as trading advisor for the Trading
Company (which has received from the Partnership all capital invested in the
Partnership net of organizational charges and selling commissions and the
amounts necessary to fund the Guaranteed Distribution pool, all as described in
the Partnership's Prospectus dated September 8, 1992, hereinafter referred to as
the "Prospectus") and to make commodity interest investment decisions for the
Trading Company, and the Trading Advisor desires to so act;

<PAGE>

         NOW, THEREFORE, the parties hereto do hereby agree as follows:

         1.    Duties of the Trading Advisor.
               ----------------------------

               a)      Speculative Trading. Commencing on December 3, 2001, the
                       -------------------
Trading Advisor shall act as a trading advisor for the Trading Company, acting
independently from any other advisors or managers selected to direct accounts on
behalf of the Trading Company. The Trading Advisor and the Trading Company agree
that in managing an account for the Trading Company, the Trading Advisor shall
apply its Balanced Portfolio Program as contemplated by the Trading Advisor's
Commodity Trading Advisor Disclosure Document dated October 31, 2001 (the
"Initial CTA Disclosure Document"), as such program may be developed and
modified over time (except that the Trading Advisor may not abandon the basic
asset allocation principles on which the Balanced Portfolio Program is based).
The Trading Advisor may use a different program in managing the Trading
Company's account only with the consent of the Trading Company. Except as
provided otherwise in this Section 1, the Trading Advisor shall have sole and
exclusive authority and responsibility for directing the investment and
reinvestment of the Trading Company's assets pursuant to and in accordance with
the Trading Advisor's best judgment and the Balanced Portfolio Program as
described in the Initial CTA Disclosure Document, and as refined and modified
from time to time in the future in accordance herewith, for the period and on
the terms and conditions set forth herein and in accordance with the Trading
Company's trading strategies and policies (the "Trading Strategies") as
described in the Prospectus and the Limited Partnership Agreement of the Trading
Company (the "Limited Partnership Agreement") or as may be modified by the
Trading Company with the prior consent of the Trading Advisor.

               Notwithstanding the foregoing, the Trading Company or the General
Partner may override the trading instructions of the Trading Advisor to the
extent necessary: (i) to comply with the Trading Strategies; (ii) to fund any
distributions or redemptions of Units to be made by the Partnership; (iii) to
pay the Trading Company's and the Partnership's expenses; (iv) to deleverage the
Trading Company in accordance with the terms of the Prospectus; and/or (v) to
comply with speculative position limits; provided that the Trading Company and
the General Partner shall permit the Trading Advisor three days in which to
liquidate positions for the purposes set forth in clauses (ii), (iii) and (v)
prior to exercising their override authority. The Trading Advisor will not be
liable to the Trading Company solely as a result of any loss caused by the
intervention of Trading Company or the General Partner.

               The Trading Company and the General Partner both specifically
acknowledge that in agreeing to manage an account for the Trading Company the
Trading Advisor is in no respects making any guarantee of profits or of
protections against loss.

               The Trading Advisor shall give the Trading Company prompt written
notice of any proposed material change in the Balanced Portfolio Program or the
manner in which trading decisions are to be made or implemented and shall not
make any such proposed change with respect to trading for the Trading Company
without having given the Trading Company and the General Partner at least 30
days' prior written notice of such change. The addition and/or deletion of
commodity interests from the Trading Company's portfolio managed by the Trading
Advisor shall not be deemed a change in the Balanced Portfolio Program and prior
written notice to the Trading Company or the General Partner shall not be
required therefor (unless the deletion

                                       20

<PAGE>

constitutes an abandonment of the basic asset allocation principles on which the
Balanced Portfolio Program is based).

               b)    Investment of Assets Held in Securities and Cash.
                     ------------------------------------------------
Notwithstanding any provision of this Agreement to the contrary, the Trading
Company and the General Partner, and not the Trading Advisor, shall have the
sole and exclusive authority and responsibility with regard to the investment,
maintenance and management of the Trading Company's assets other than in respect
of the Trading Advisor's trading of the Trading Company's assets in commodity
interests.

               c)    Trading Authorization. Prior to the Trading Company's
                     ---------------------
acceptance of trading advice from the Trading Advisor in accordance with this
Agreement, the Trading Company shall deliver to the Trading Advisor a trading
authorization in the form of Appendix A hereto appointing the Trading Advisor as
an agent of the Trading Company and attorney-in-fact for such purpose.

               d)     Disclosure Documents. The Trading Company and the General
                      --------------------
Partner hereby acknowledge receipt of the Initial CTA Disclosure Document. The
Trading Advisor shall, during the term of this Agreement, deliver to the Trading
Company copies of all other commodity trading advisor disclosure documents
relating to the Balanced Portfolio Program filed with the CFTC or NFA by the
Trading Advisor promptly following the effectiveness of such document and the
Trading Company shall sign the Acknowledgement of Receipt of Disclosure Document
in the form of Appendix B hereto for each disclosure document so delivered.

         2.    Trading Advisor Independent.
               ----------------------------

               For all purposes of this Agreement, the Trading Advisor shall be
deemed to be an independent contractor and shall have no authority to act for or
represent the Trading Company or the Partnership in any way and shall not
otherwise be deemed to be an agent of the Trading Company or the Partnership.
Nothing contained herein shall create or constitute the Trading Advisor and any
other trading advisor for the Trading Company, the Trading Company, the
Partnership or the General Partner as a member of any partnership, joint
venture, association, syndicate, unincorporated business or other separate
entity, nor shall be deemed to confer on any of them any express, implied, or
apparent authority to incur any obligation or liability on behalf of any other.
The parties acknowledge that the Trading Advisor has not been an organizer or
promoter of the Partnership.

         3.    Commodity Broker.
               ----------------

               The Trading Advisor shall clear orders for all commodity interest
transactions for the Trading Company through such commodity broker or brokers,
or in the case of forward contracts through such dealers or banks, as the
Trading Company shall direct from time to time in its sole discretion (the
Trading Company initially so designating Man Financial Inc.). The Trading
Advisor may trade on a "give-up" basis so long as the give-up charges are
reasonable and customary. The General Partner will arrange for the Trading
Advisor to receive copies of all trade confirmations and all routine daily,
monthly and other reports generated by the Trading Company's commodity brokers
in respect of the Trading Company's trading activities.

                                       21

<PAGE>

         4.    Trading Advisory Fees.
               ---------------------

               For the advisory services contemplated by this Agreement, the
Trading Company shall pay to the Trading Advisor (a) an incentive fee equal to
15% of any cumulative New Trading Profit (as defined hereinafter), determined as
of the end of each calendar quarter (irrespective of whether the Trading Company
has been trading for the entirety of such quarter) and (b) a monthly management
fee equal to 0.0833% (a 1% annual rate) of the Partnership's Net Assets (as
defined in the Prospectus and with the Guaranteed Distribution Pool being valued
at cost plus accrued interest) as of the end of each month, after brokerage
commissions, interest credits, sponsor's fees and administrative costs but
before incentive fee accruals. The incentive fee and management fee shall also
be paid to the Trading Advisor upon the termination of this Agreement as if the
date of termination were a calendar quarter-end and month-end, respectively.

               The description of the calculation of the management fee set
forth in the Prospectus is hereby confirmed in all respects.

               "New Trading Profit" shall mean the excess, if any, of Net Assets
at the end of the period over Net Assets at the end of the highest previous
period or $___________/1/, and as further adjusted to eliminate the effect on
Net Assets resulting from new Capital Contributions, redemptions or capital
distributions, if any, made during the period decreased by interest or other
income, not directly related to trading activity, earned on Program assets
during the period, whether the assets are held separately or in a margin
account. Except as expressly set forth in the foregoing sentence, the
description of the calculation of the incentive fee set forth in the Prospectus
is hereby confirmed in all respects.

         5.    Term and Termination.
               --------------------

               a)    Term and Renewal. This Agreement shall continue in effect
                     ----------------
until the end of the Time Horizon (as defined in the Prospectus) or, if earlier,
the termination of trading by the Trading Company. Subsequent renewals may be
negotiated between the General Partner and the Trading Advisor.

               b)     Termination. Notwithstanding Section 5(a) hereof, the
                      -----------
General Partner may (but shall be under no obligation to), acting on behalf of
the Trading Company, prior to this Agreement's expiration, terminate this
Agreement in the event (i) of regulatory suspension or the occurrence of other
events which preclude the Trading Advisor from providing the services
contemplated in the Prospectus or from performing its obligations under this
Agreement, (ii) that the Trading Company terminates, or (iii) that the Trading
Company's Net Asset Value declines by 80% during any fiscal year (after adding
back the allocable portion of redemptions and distributions deducted from the
Trading Company). This Agreement shall also terminate upon

--------
/1/ The amount of net assets at the highest previous period under RXR's Advisory
Agreement (as adjusted as of September 28, 2001, assuming that there are no
redemptions or distributions since that date) shall be inserted here in order to
preserve the existing loss carryforward. This definition of "New Trading Profit"
is identical to that set forth in the Prospectus, except that such amount is
used in lieu of "Net Assets at the date trading commences." See page 86 of the
Prospectus.

                                      -22-

<PAGE>

(i) the mutual decision of the Trading Advisor and the Trading Company or (ii)
the bankruptcy, insolvency or dissolution of the Trading Advisor or the Trading
Company.

         6.    Right to Advise Others; Uniformity of Acts and Practices.
               ---------------------------------------------------------

               During the term of this Agreement, the Trading Advisor and its
affiliates shall be free to advise other investors (including, without
limitation, other commodity pools) as to the purchase and sale of commodity
interests, to manage and trade other investors' commodity interest accounts and
to trade for and on behalf of their own proprietary commodity interest accounts.
However, under no circumstances shall the Trading Advisor or any of its
affiliates knowingly or deliberately favor any commodity interest account
directed by any of them (regardless of the date on which they began or shall
begin to direct such account) over the Trading Company's account in any way or
manner. Differences in performance between different programs shall not in
itself constitute favoring an account over another. The Trading Advisor
understands and agrees that it and its affiliates shall have a fiduciary
responsibility to the Trading Company under this Agreement. For purposes of this
Agreement, the Trading Advisor and its affiliates shall not be deemed to be
favoring another commodity interest account over the Trading Company's account
if the Trading Advisor or its affiliates, in accordance with specific
instructions of the owner of such account, trade such account pursuant to a
different program than that used for the Trading Company or trade such account
at a degree of leverage or in accordance with trading policies which shall be
different than that which shall normally be applied to substantially all of the
Trading Advisor's other accounts or if the Trading Advisor or its affiliates, in
accordance with the Trading Advisor's money management principles, shall not
trade certain commodity interest contracts for an account based on the amount of
equity in such account.

               Subject to any confidentiality restrictions imposed by a third
party, at the request of the Trading Company, the Trading Advisor and its
affiliates shall promptly make available to the Trading Company copies of the
normal daily, monthly, quarterly and annual, as the case may be, written reports
reflecting the performance of all commodity pool accounts advised, managed,
owned or controlled by the Trading Advisor or its affiliates required to be
delivered to pool participants pursuant to the CEA and similar written
information, including monthly account statements, reflecting the performance of
all other commodity, interest accounts advised, managed, owned or controlled by
the Trading Advisor or its affiliates, with respect to which accounts reports
shall not be required to be delivered to the owners thereof pursuant to the CEA.
At the request of the Trading Company, the Trading Advisor or its affiliates
shall immediately deliver to the Trading Company a satisfactory written
explanation, in the judgment of the Trading Company, of differences, if any, in
the performance between the Trading Company's account and such other commodity
interest accounts traded utilizing the same program (subject to the need to
preserve the secrecy of proprietary information concerning the Trading Advisor's
trading systems, methods, models, strategies and formulas and the identity of
the Trading Advisor's clients).

               As used in this Agreement, the term "principal" shall have the
same meaning given to such term in Section 4.10(e) of the Commodity Regulations,
and the term "affiliate" shall mean an individual or entity (including a
stockholder, director, officer, employee, agent, or principal) that directly or
indirectly controls, is controlled by, or is under common control with any other
individual or entity; provided, that neither State Street Global Alliance LLC or
                      --------
any

                                      -23-

<PAGE>

successor firm (collectively, "SSGA") nor any parent or subsidiary company of
SSGA, other than the Trading Advisor and its subsidiaries, shall be deemed an
"affiliate" of the Trading Advisor for purposes of this Section 6 or Section 8.

         7.    Speculative Position Limits.
               ---------------------------

If the Trading Advisor (either alone or aggregated with the positions of any
other person if such aggregation shall be required by the CEA, the CFTC or any
other regulatory authority having jurisdiction) shall exceed or be about to
exceed applicable limits in any commodity interest traded for the Trading
Company, the Trading Advisor shall immediately take such action as the Trading
Advisor may deem fair and equitable to comply with the limits, and shall, if any
limit is exceeded, immediately deliver to the Trading Company a written
explanation of the action taken to comply with such limits. If such limits are
exceeded by the Trading Company, the General Partner may require the Trading
Advisor to liquidate positions as required.

         8.    Additional Agreements of Trading Advisor.
               -----------------------------------------

               a)     Neither the Trading Advisor nor its employees, affiliates
or agents, the stockholders, directors, officers, employees, principals,
affiliates or agents of such affiliates, or their respective successors or
assigns shall: (i) use or distribute for any purpose whatsoever any list
containing the names and/or residence addresses of and/or other information
about the limited partners of the Partnership; nor (ii) directly solicit any
such limited partner for any business purpose whatsoever (unless such limited
partner is already a client of the Trading Advisor or any of its affiliates).

               b)     THE TRADING ADVISOR AGREES THAT IT WILL IN NO EVENT MAKE
ANY CLAIM UPON OR BRING ANY ACTION AGAINST THE PARTNERSHIP OR ANY OF ITS LIMITED
PARTNERS BASED ON AN OBLIGATION OR LIABILITY OF THE TRADING COMPANY OR OTHERWISE
ARISING OUT OF THIS AGREEMENT.

         9.    Representations and Warranties.
               ------------------------------

               [APPROPRIATE REPRESENTATIONS AND WARRANTIES OF THE TRADING
ADVISOR AND THE GENERAL PARTNER TO BE INSERTED HERE]

               a)     The Trading Company received Part II of the Trading
Advisor's Form ADV at least forty-eight (48) hours prior to entering into this
Agreement.

         10.   Entire Agreement.
               ----------------

               This Agreement constitutes the entire agreement between the
parties hereto with respect to the matters referred to herein, and no other
agreement, verbal or otherwise, shall be binding as between the parties unless
it shall be in writing and signed by the party against whom enforcement is
sought.

                                      -24-

<PAGE>

         11.   Indemnification.
               ----------------

               The Trading Company shall indemnify, defend and hold harmless the
Trading Advisor, its affiliates and their respective directors, officers,
shareholders, employees and controlling persons from and against any and all
losses, claims, damages, liabilities (joint and several), costs and expenses
(including any investigatory, legal and other expenses incurred in connection
with, and any amounts paid in, any settlement; provided that the Trading Company
shall have approved such settlement) resulting from a demand, claim, lawsuit,
action or proceeding relating to any of such person's conduct as trading advisor
or otherwise relating to the business or activities undertaken on behalf of the
Trading Company, provided that such conduct did not constitute negligence,
misconduct or a breach of this Agreement or of any fiduciary obligation to the
Trading Company and was done in good faith and in a manner such person
reasonably believed to be in, or not opposed to, the best interests of the
Trading Company. The termination of any demand, claim, lawsuit, action or
proceeding by settlement shall not, in itself, create a presumption that the
conduct in question was not undertaken in good faith and in a manner reasonably
believed to be in, or not opposed to, the best interests of the Trading Company.

               In the event the Trading Company has terminated, the Trading
Advisor may sue the General Partner directly on this indemnification claim in
its capacity as General Partner of the Trading Company without first proceeding
against the Trading Company. This provision is intended to effect timing only,
and shall not in any way increase the liability of the General Partner to the
Trading Advisor.

               The Trading Advisor shall indemnify, defend and hold harmless the
Trading Company, the Partnership, the General Partner, their affiliates and
their respective directors, officers, shareholders, employees and controlling
persons from and against any and all losses, claims, damages, liabilities (joint
and several), costs and expenses (including any reasonable investigatory, legal
and other expenses incurred in connection with, and any amounts paid in, any
settlement; provided that the Trading Advisor shall have approved such
settlement) resulting from a demand, claim, lawsuit, action or proceeding
relating to any conduct of the Trading Advisor or any of its officers, directors
or employees in connection with this Agreement or relating to the management of
an account of the Trading Company if such conduct of such person constituted
negligence or misconduct or a breach of this Agreement or of any fiduciary
obligation to the Trading Company or was conduct taken otherwise than in good
faith and in a manner reasonably believed to be in, or not opposed to, the best
interests of the Trading Company.

               The foregoing agreements of indemnity shall be in addition to,
and shall in no respect limit or restrict, any other remedies which may be
available to an indemnified party. This foregoing indemnity provision shall not
increase the liability of any limited partner to the Partnership or the Trading
Company, or the liability of the Partnership to the Trading Company as its sole
limited partner, beyond the amount of such limited partner's capital and profits
(exclusive of distributions or other returns of capital, including redemptions).

               For purposes of this Section 11, the Trading Advisor, its
affiliates and their respective directors, officers, shareholders, employees and
controlling persons shall not be liable to the Trading Company, the Partnership,
the General Partner, their affiliates or their respective

                                      -25-

<PAGE>

directors, officers, shareholders, employees and controlling persons, or to any
of their successors and assigns, except by reason of conduct constituting
negligence or misconduct or a breach of this Agreement or of any fiduciary
obligation to the Trading Company or by reason of an act or omission taken
otherwise than in good faith and in a manner reasonably believed to be in, or
not opposed to, the best interests of the Trading Company.

               No indemnification under of this Section 11 shall be made in
respect of any demand, claim, lawsuit, action or proceeding relating to
activities of the person to be indemnified which have been adjudged, by a court
having jurisdiction with respect to the matter upon entry of a final judgment,
not to have been done in good faith and in the reasonable belief that such
conduct was in, or not opposed to, the best interests of the Trading Company or
to constitute negligence, misconduct or breach of this Agreement unless, and
except to the extent that, such court determines that, despite such judgment,
such person is fairly and reasonably entitled to indemnity.

               Any indemnification required by this Section 11, unless ordered
or expressly permitted by a court, shall be made by the indemnifying party only
upon a determination by independent legal counsel mutually agreeable to the
parties hereto in a written opinion that the conduct which is the subject of the
claim, demand, lawsuit, action or proceeding with respect to which
indemnification is sought meets the applicable standard set forth herein.

         [APPROPRIATE PROVISION REGARDING CONTROL OF DEFENSE TO BE INSERTED
HERE]

         12.   Assignment.
               ----------

This Agreement shall not be assigned by any of the parties hereto without the
prior express written consent of the other parties hereto.

         13.   Amendment; Waiver.
               -----------------

               This Agreement shall not be amended except by a writing signed by
the parties hereto. No waiver of any provision of this Agreement shall be
implied from any course of dealing between the parties hereto or from any
failure by either party hereto to assert its rights hereunder on any occasion or
series of occasions.

         14.   Severability.
               ------------

               If any provision of this Agreement, or the application of any
provision to any person or circumstance, shall be held to be inconsistent with
any present or future law, ruling, rule or regulation of any court or
governmental or regulatory authority having jurisdiction over the subject matter
hereof, such provision shall be deemed to be rescinded or modified in accordance
with such law, ruling, rule or regulation, and the remainder of this Agreement,
or the application of such provision to persons or circumstances other than
those as to which it shall be held inconsistent, shall not be affected thereby.

                                      -26-

<PAGE>

         15.   Notices.
               -------

               Any notice required or desired to be delivered under this
Agreement shall be in writing and shall be delivered by courier service, postage
prepaid mail, telex, telegram or other similar means and shall be effective upon
actual receipt by the party to which such notice shall be directed, addressed as
follows (or to such other address as the party entitled to notice shall
hereafter designate in accordance with the terms hereof):

                  if to the Trading Company:      ______________________________

                                                  ______________________________

                                                  ______________________________

                  with a copy to:                 ______________________________

                                                  ______________________________

                                                  ______________________________

                  if to the General Partner:      ______________________________

                                                  ______________________________

                                                  ______________________________

                  with a copy to:                 ______________________________

                                                  ______________________________

                                                  ______________________________

                  if to the Trading Advisor:      SSARIS ADVISORS, LLC
                                                  Financial Centre
                                                  695 East Main Street
                                                  Suite 102
                                                  Stamford, Connecticut 06901
                                                  Attn: Mark Rosenberg

                  with a copy to:                 DORSEY & WHITNEY LLP
                                                  250 Park Avenue
                                                  New York, New York  10177
                                                  Attn: Michael F. Griffin, Esq.

         16.   Governing Law.
               -------------

               This Agreement shall be governed by and construed in accordance
with the laws of the State of New York without regard to principles of conflicts
of law.

                                      -27-

<PAGE>

         17.   Consent to Jurisdiction.
               ----------------------

The parties hereto agree that any action or proceeding arising directly,
indirectly or otherwise in connection with, out of, related to or from this
Agreement, any breach hereof or any transaction covered hereby, shall be
resolved, whether by arbitration or otherwise, within the County of New York,
City of New York, and State of New York. Accordingly, the parties consent and
submit to the jurisdiction of the federal and state courts and any applicable
arbitral body located within the County of New York, City of New York, and State
of New York. The parties further agree that any such action or proceeding
brought by either party to enforce any right, assert any claim, or obtain any
relief whatsoever in connection with this Agreement shall be brought by such
party exclusively in federal or state courts, or if appropriate before any
applicable arbitral body, located within the County of New York, City of New
York, and State of New York.

         18.   Remedies.
               --------

In any action or proceeding arising out of any of the provisions of this
Agreement, the Trading Advisor, the General Partner and the Trading Company
agree that they shall not seek any prejudgment equitable or ancillary relief.
Such parties also agree that their sole remedy in any such action or proceeding
shall be to seek actual monetary damages for any breach of this Agreement;
provided, however, that the Trading Company agrees that the Trading Advisor and
the General Partner may seek declaratory judgment with respect to the
indemnification provisions of this Agreement.

         19.   Confidentiality.
               ---------------

The Trading Company and the General Partner acknowledge that the Trading
Advisor's strategies and trades constitute proprietary data belonging to the
Trading Advisor and agree that they will not disseminate any confidential
information regarding any of the foregoing, except as required by law, and any
such information as may be acquired by the General Partner or the Trading
company is to be used solely to monitor the Trading Advisor's performance on
behalf of the Trading Company. Nothing in this Agreement shall require the
Trading Advisor to disclose any proprietary information regarding its trading
systems.

         20.   Survival.
               --------

The provisions of this Agreement shall survive the termination hereof with
respect to any matter arising while this Agreement shall be in effect.

         21.   Counterparts.
               ------------

This Agreement may be executed in counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument.

         22.   Headings.
               --------

Headings to sections and subsections in this Agreement are for the convenience
of the parties only and are not intended to be a part of or to affect the
meaning or interpretation hereof.

                                      -28-

<PAGE>

               IN WITNESS WHEREOF, this Agreement has been executed for and on
behalf of the undersigned on the day and year first written above.

                                       THE FOUR SEASONS TRADING FUND L.P.

                                       By:  JAMES RIVER MANAGEMENT CORP.,
                                            General Partner

                                       By:______________________________________
                                                      [Name]
                                                      [Title]

                                       JAMES RIVER MANAGEMENT CORP.

                                       By:______________________________________
                                                      [Name]
                                                      [Title]

                                       SSARIS ADVISORS, LLC

                                       By: /s/ MARK ROSENBERG
                                           -------------------------------------
                                                   Mark Rosenberg
                                                   President-CEO

                                      -29-

<PAGE>

                                   Appendix A
                                   ----------

                              TRADING AUTHORIZATION

SSARIS Advisors, LLC
Financial Centre
695 East Main Street
Suite 102
Stamford, Connecticut 06901
Attn: Mark Rosenberg

Dear Sirs:

               The Four Seasons Trading Fund L.P., a limited partnership
organized under the Revised Uniform Limited Partnership Act of the State of
Delaware (the "Trading Company"), does hereby make, constitute and appoint you
as an attorney-in-fact of the Trading Company to buy and sell commodity
interests, including foreign commodity interests, including foreign futures and
options, through Man Financial Inc., as commodity broker, in accordance with the
Advisory Agreement among the Trading Company, James River Management Corp. and
SSARIS Advisors, LLC dated as of the ___ day of December, 2001.

               This authorization shall terminate and be null, void and of no
further effect simultaneously with the termination of the said Advisory
Agreement.

                                       Very truly yours,

                                       THE FOUR SEASONS TRADING FUND L.P.

                                       By: James River Management Corp.,
                                           General Partner

                                       By:______________________________________
                                                    [Name, Title]

ACCEPTED AND AGREED TO:

SSARIS ADVISORS, LLC

By: /s/ MARK ROSENBERG
    ----------------------------------
         Mark Rosenberg
         President-CEO

Dated as of:__________________________

<PAGE>

                                   Appendix B
                                   ----------

                           ACKNOWLEDGEMENT OF RECEIPT
                             OF DISCLOSURE DOCUMENT

               The undersigned hereby acknowledges receipt of SSARIS Advisors,
LLC's Disclosure Document dated ______________, 200__.

                                       THE FOUR SEASONS TRADING FUND L.P.

                                       By: James River Management Corp.,
                                           General Partner

                                       By:______________________________________
                                                      [Name]
                                                      [Title]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}]]