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Exhibit 10.1

STOCK PURCHASE AGREEMENT

THIS STOCK PURCHASE AGREEMENT (Agreement) is made as of the 2nd day of
May, 2003, between EWING CAPITAL PARTNERS, LLC, a Florida limited liability
company (Purchaser), and INTREPID CAPITAL CORPORATION, a Delaware corporation
(Seller).

RECITALS

1.     All of the issued and outstanding capital stock of Allen C. Ewing &
Co., a Florida corporation (the Company), is owned by Seller.

2.     Purchaser desires to purchase from Seller, and Seller desires to sell
to Purchaser, all of the issued and outstanding capital stock of the Company on
the terms and conditions contained herein.

NOW, THEREFORE, in consideration of the mutual covenants and promises set
forth herein, and other good and valuable considerations, the receipt and
sufficiency of which hereby are acknowledged, the parties agree as follows:

AGREEMENT

1.     Purchase and Sale of Shares. At the Closing (as hereinafter defined),
Purchaser agrees to purchase from Seller, and Seller agrees to sell, assign,
transfer and deliver to Purchaser, all of the total issued and outstanding
shares of the capital stock of the Company and Intrepid Loan Advisors, Inc.,
free and clear of all liens, charges, assessments and encumbrances whatsoever.
The shares to be purchased hereunder by Purchaser from Seller are sometimes
collectively referred to herein as the Shares.

2.     Purchase Price; Non-Refundable Down Payment. The purchase price
(Purchase Price) to be paid by Purchaser for all of the Shares shall be an
amount equal to $300,000.00. Simultaneously with the execution and delivery of
this Agreement, Purchaser has delivered to Seller a non-refundable down payment
in the amount of $50,000.00 (the Down Payment) by delivery of a cashiers or
certified bank check made payable to Rogers & Hardin LLP. The Purchaser agrees
to file a notice with the NASD regarding this Agreement within two business
days of this Agreement and to perform and complete its due diligence within
five business days of this Agreement. The Down Payment will be refundable only
if (a) the Purchaser identifies, within its five business day due diligence
period, a material deficiency that cannot be satisfactorily cured, in which
instance, it may terminate this Agreement or (b) the transaction contemplated
hereby is not approved by the NASD.

3. Closing. The consummation of the transactions contemplated hereby
shall take place at a closing (the Closing) to be held at the offices of
McGuireWoods LLP, 50 North Laura Street, Suite 3300, Jacksonville, Florida. At
the Closing, (a) Seller shall sell, convey, transfer and deliver to Purchaser
certificates representing the Shares, (b) Seller shall retain the Down Payment,
and (c) Purchaser shall pay the remaining unpaid balance of the Purchase Price
to Seller by delivery of a cashiers or certified bank check made payable to
the order of Seller. The certificates representing the Shares shall be duly
endorsed for transfer and accompanied by appropriate stock powers duly executed
in favor of Purchaser. The Closing shall take place as soon as reasonably
practicable upon receipt of the approval of the NASD of the transaction
contemplated hereby on or before May 31, 2003. If NASD approval is the sole
cause for delay beyond May 31, 2003, the Closing shall take place two business
days after NASD approval is received.

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4.     Representations and Warranties of Seller. Seller represents and
warrants to Purchaser as follows:



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (a) Organization of the Company. The Company is a corporation duly
organized, validly existing and in good standing under the laws of the
state of Florida. The Company has full corporate power to own its
properties and assets and to carry on its business as now conducted.
There are no other stockholders of the Company (or any other person or
entity with the right or option to acquire any shares of the Companys
capital stock) other than Seller.                                                                                                                                                                                                                                                                                                                                                                 
|
| | (b) Authorization; No Breach. The execution, delivery and
performance of this Agreement and the consummation of the transactions
contemplated hereby by Seller have been duly authorized. The execution,
delivery and performance by Seller of this Agreement does not and will
not constitute a default under, result in the creation of any lien,
charge or encumbrance upon the assets of the Company, give any third
party the right to accelerate any obligation of the Company, or require
any authorization, consent, approval, exemption or other action by any
court, other governmental body or other third party other than the NASD.                                                                                                                                                                                 
|
| | (c) Capitalization. The entire authorized capital stock of the
Company consists of 15,000 shares of voting common stock, $.10 par value
per share, of which 100 shares are issued and outstanding. All of the
Shares have been duly authorized, are validly issued, fully paid, and
nonassessable, and are held of record by Seller. Except for this
Agreement, there is no existing option, warrant, call, right, commitment
or other agreement to which Seller or the Company is a party requiring
the issuance, sale or transfer of any shares of the capital stock or
other securities of the Company. The delivery to Purchaser of the Shares
pursuant to this Agreement shall transfer to Purchaser valid title
thereto, free and clear of all liens, encumbrances, security interests,
restrictions and claims whatsoever.
|
| | (d) Litigation. There is no suit, action, proceeding,
investigation, claim or order pending before any court against the
Company or to which the Company is otherwise a party, and no such action
has been threatened to the knowledge of Seller, other than the Companys
lawsuit against Synovus Financial Corp. The Company is not subject to
any judgement, order or decree of any court or regulatory authority.                                                                                                                                                                                                                                                                                                                                                                                                            
|
| | (e) Financial Statements. The financial statements of the Company
furnished to Purchaser (collectively, the Financial Statements), are
true and correct in all material respects, have been prepared in
accordance with the ordinary practices of the Company consistent with
past practice, and fairly present the financial condition of the Company
and the results of operation as of the date thereof and reflect the
proper accrual of all expenses.                                                                                                                                                                                                                                                                                                                                                                     
|
| | (f) Taxes. All federal, state, or local tax returns required to be
filed by the Company have been accurately prepared and duly and timely
filed, and the Company has paid or adequately provided for any and all
taxes shown by such returns to be due and payable, including all interest
and penalties thereon.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|
| | (g) Title to Assets; Encumbrances. Schedule 4(g) sets forth a
complete and detailed list of all of the assets on the books of the
Company, which assets are owned by the Company free and clear of all
liens, encumbrances or security interests except as disclosed on Schedule
4(g).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|
| | (h) No Undisclosed Liabilities. All known liabilities of the
Company are fully disclosed on the books of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

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| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (i) Employees. Schedule 4(i) contains a list of all employees of
Seller who are employed principally in the operation of the Companys
business. Each individual listed on Schedule 4(i) is employed on an
at-will basis and no contract of employment (whether written or verbal)
exists between the Company and any such employees.                                                                                                                                                                                                                                                   
|
| | (j) Compliance With Laws. The Company is, and at all times has
been, in full compliance with, all laws and regulations affecting its
business, including, without limitation, state and federal laws and
regulations regulating the sales of securities and the conduct of a
broker dealer. Neither Seller nor the Company has any basis to expect,
nor has any of them received any actual or, to its knowledge, threatened
order, notice, or other communication from any governmental authority of
any actual or potential violation or failure to comply with any law or
regulation.
|
| | (k) Disclosure. No representation or warranty of Seller in this
Agreement and no statement in the exhibits or schedules hereto omits to
state a material fact necessary to make the statements herein or therein,
in light of the circumstances in which they were made, not misleading.                                                                                                                                                                                                                                                                                                

The foregoing representations and warranties shall survive the closing of the
transactions contemplated by this Agreement for a period of twelve (12) months
and shall be true and correct at the Closing as well as on the date hereof.

5.   Representations and Warranties of Purchaser.

(a)   Organization of the Company. The Purchaser is a limited liability
company duly organized, validly existing and in good standing under the laws of
the State of Florida.

(b)   Authorization; No Breach; The execution, delivery and performance of
this Agreement and the consummation of the transactions contemplated hereby
have been duly authorized. The execution, delivery and performance by
Purchaser of this Agreement does not and will not constitute a default under,
result in the creation of any lien, charge or encumbrance upon any assets of
Purchaser or require any authorization, consent, approval, exemption or other
action by any other court, other governmental body or other third party other
than the NASD.

6.     Sellers Indemnity Obligations. Seller shall indemnify and hold
Purchaser and the Company harmless from and against any loss, liability, claim,
damage, expense (including reasonable attorneys fees and costs) or diminution
of value, whether or not involving a third party claim, arising, directly or
indirectly, from or in connection with the business activities of the former
registered representatives of Capital Research Corporation performed on behalf
of the Company. Seller shall have no liability under this Section 6 unless and
until Seller receives notice asserting a claim for indemnification with respect
thereto on or before the first anniversary of the date of the Closing.
Notwithstanding anything to the contrary, in no event shall the aggregate
liability of Seller hereunder exceed the Purchase Price.

7.     Resignations. At Closing, Seller shall cause its employees or
affiliates to resign from any and all positions with the Company.

8.     Employees. Seller shall use its reasonable efforts to cause all
employees of Seller who are employed principally in the operation of the
Companys business to make available their employment services to the Company
after the Closing, and the Company shall hire all such employees effective as
of

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the Closing. From and after the Closing, the Company and Purchaser shall
be solely responsible for any and all liabilities in respect of such employees
and their beneficiaries, including, without limitation, all accrued but unpaid
salaries, wages, bonuses, incentive compensation, vacation or sick pay or other
compensation or payroll items (including, without limitation, deferred
compensation and commissions); provided, however, that Seller shall be
responsible only for such employees vested benefits under Sellers 401(k) plan
as of the Closing.

9.     Termination. As of the Closing, all contracts, agreements,
understandings and arrangements between Seller and the Company other than this
Agreement shall terminate with no further obligation or liability except as
provided hereunder and on Schedule 9.

10.     Assumption of Leases. Immediately upon execution of this Agreement,
Purchaser or the Company will assume the obligations for the existing office
and parking lease obligations of the Company in Jacksonville, Florida. Upon
Closing, Purchaser or the Company will assume the obligations for the existing
office and parking lease obligations of the Company in Charlotte, North
Carolina. Purchaser will indemnify and hold Seller harmless from and against
any liability with respect thereto arising after the Closing. Purchaser will
use its reasonable best efforts to obtain releases in favor of Seller but
Closing is not conditioned upon the obtaining of any releases.

11.     Correspondent Services Agreement. At the Closing, Purchaser or the
Company will assume the existing correspondent Services Agreement with
NFS/Fidelity, including the funding of the required security deposit of
$100,000.

12.     Conduct of Business Pending the Closing.

(a)   From the date of this Agreement to the Closing, the parties agree that
the business of the Company shall be conducted in the ordinary course and that
no transactions outside of the ordinary course shall occur without the approval
of the parties hereto.

(b)   Seller agrees that from the date of this Agreement to the Closing, the
cash balances of the Company will be used to pay accounts payable, accrued
expenses and other expenses of the Company incurred in the ordinary course of
its business. The parties hereto agree that the Purchase Price shall be
reduced on a dollar-for-dollar basis by the amount, if any, by which the cash
balances of the Company on the date of the Closing are less than the cash
balances of the Company as of March 31, 2003, as reflected on the Companys and
Sellers regularly-prepared internal balance sheet as of such date, as a result
of payments by the Company outside of the ordinary course of its business.

(c)   Purchaser shall have the right to examine Sellers books and records
relating to the Company one time during Sellers normal business hours upon 24
hours prior notice to verify the accuracy and completeness of the March 31,
2003 balance sheet and all subsequent financial information of the Company,
including, without limitation, expenses and commission paid through the
Closing.

(d)   Immediately prior to Closing, all representatives of Seller shall be
deleted as authorized signatories on accounts of the Company and shall be
replaced by representatives of Purchaser.

13.     Accounting and Compliance Services. Seller agrees that, during
Sellers normal business hours, it will provide up to two hours per day of
accounting and self-regulatory organization compliance services to the Company
for up to thirty (30) consecutive days after the date of the Closing on an as
needed basis at no charge to Purchaser. If Purchaser requests such services
from Seller after the expiration of such thirty-day period, Seller will provide
such services to Purchaser for a fee equal to $10,000 per month, payable in
advance; provided, however, that Purchaser shall be required to purchase a

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minimum of three months of additional services from Seller and shall pay
Seller its $30,000 fee for such three-month period in advance.

14.     NASD Approval. The parties recognize and acknowledge that the
transactions contemplated by this Agreement require the approval of the NASD.
The parties will, at Purchasers expense, cooperate in filing such applications
as may be necessary or beneficial and will take such actions as may be
necessary or beneficial in order to expedite the approval by the NASD.

15.     Notices. All notices, requests, consents and other communications
hereunder shall be in writing and shall be made by hand delivery, fax, or by
nationally recognized overnight courier service. Notice shall be delivered to
the parties at the following addresses or to such other address as the parties
may specify. Notices shall be deemed given when received.

| |  |            |  |                              
| |  | ---------- |  | -----------------------------
| |  | Seller:    |  | 3652 South Third Street      
| |  |            |  | Suite 200                    
| |  |            |  | Jacksonville Beach, FL 32250 
| |  |            |  | Attn: Forrest Travis         
| |  |            |  |                              
| |  | Purchaser: |  | 50 North Laura Street        
| |  |            |  | Suite 3625                   
| |  |            |  | Jacksonville, FL 32202       
| |  |            |  | Attn: Benjamin C. Bishop, Jr.

16.     Confidentiality. Seller, the Company and Purchaser will hold and treat
as confidential all information concerning Seller, the Company, and Purchaser
and will not disclose such information to any other person or entity or use any
such information for Sellers, the Companys or Purchasers own benefit.
Seller shall make no announcement or press release with respect to the
transactions contemplated by this Agreement without the consent of Purchaser,
except that Seller may make such public disclosure, if any, as may be
reasonably required to comply with the requirements of federal and state
securities laws, rules and regulations. Seller shall allow Purchaser to review
such required disclosure prior to its dissemination.

17.     Jurisdiction; Service of Process. Any action or proceeding seeking to
enforce any provision of, or based on any right arising out of, this Agreement
must be brought in a court of competent jurisdiction located in Duval County,
Florida.

18.     Governing Law. This Agreement shall be governed by and interpreted
under the laws of the State of Florida.

19.     Amendment and Waivers. This Agreement may be amended, and any
provision of this Agreement may be waived, only by a written instrument
executed by all parties.

20.     Entire Agreement. This Agreement, including all exhibits and
schedules attached hereto, sets forth the entire agreement and understanding
between the parties hereto with respect to the subject matter hereof, and
supersedes any prior negotiations, agreements, understandings or arrangements
between the parties hereto with respect to the subject matter hereof.

21. Successors and Assigns. This Agreement may not be assigned without
the consent of the other party. This Agreement shall be binding upon and inure
to the benefit of, and be enforceable against, the parties hereto and their
respective successors and permitted assigns.

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22.     Expenses. Each party agrees to bear its own expenses incurred in
connection with the negotiation and execution of this Agreement.

23.     Further Assurances. Each party agrees to execute and deliver such
other documents or agreements and to take such other action as may be
reasonably necessary or desirable for the implementation of this Agreement and
the consummation of the transactions contemplated hereby.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
and delivered by their respective duly authorized officers or representatives
as of the date first above written.

| |  |                              |  |                                                      
| |  | ---------------------------- |  | -----------------------------------------------------
| |  | EWING CAPITAL PARTNERS, LLC 
|
| |  |                              |  |                                                      
|
| |  | By:                          |  | /s/ Benjamin C. Bishop, Jr.Chairman                  
|
| |  |                              |  |                                                      
|
| |  | INTREPID CAPITAL CORPORATION
|
| |  |                              |  |                                                      
|
| |  | By:                          |  | /s/ Forrest TravisPresident & Chief Executive Officer

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