Document:

1MAGE SOFTWARE, INC.
                             MARY ANNE DEYOUNG
                           EMPLOYMENT AGREEMENT
                             1 SEPTEMBER 1999

This agreement made as of the 1st day of September 1999, by and between
1MAGE Software, Inc., (ISI), located at 6025 S. Quebec St. Englewood,
Colorado and Mary Anne DeYoung (Employee).

                                 RECITALS

WHEREAS, ISI desires to assure itself of the service of Employee and to
that end desires to enter into a contract of employment with her, upon the
terms and conditions herein set forth and

WHEREAS, Employee is desirous of entering into such a contract of
employment on the terms and conditions set forth herein,

NOW, THEREFORE, in consideration of the promises and mutual covenants
herein set forth, the parties hereto agree as follows:

1.   EMPLOYMENT. ISI hereby employs Employee and the Employee hereby
accepts employment upon the terms and conditions hereinafter set forth.
Although ISI may not and does not legally bind itself that Employee shall
have the title of Vice-President, the Board which has authorized this
Agreement has elected her to that office to serve in accordance with the
Company's Bylaws, and it is the present intention of the Board to retain
and continue her in that position.

2.   TERM. Subject to the provisions for termination as hereinafter
provided, the term of this Agreement shall begin on the date of this
Agreement and shall terminate on August 31, 2002. This Agreement can
thereafter be modified annually by mutual consent of both parties.

3.   COMPENSATION.
     a.    SALARY. For all services rendered by this Agreement, Company
will pay Employee an annual salary of One Hundred Thousand Dollars
($100,000), such salary to be paid in equal amounts in accordance with
ISI's payroll policy. This salary may be adjusted from time to time by
mutual agreement on the basis of the value of Employee's services to
Company and for unusual absences from duty because of illness, accident,
or time spent in other activities on leaves of absence; and any such
adjustments may increase or decrease said annual salary.

     b.    BONUS. Employee will be paid a quarterly bonus based on the
financial performance of the Company. This bonus will be paid at the rate
of 4% of the Company's accumulative pre-tax profit. The bonus will be
adjusted for bonus amounts paid in prior quarters of the same fiscal year.
An additional, annual bonus may be paid to the Employee, based on the
performance of the Company and at the discretion of the Board of
Directors.

     c.   INCENTIVE OPTIONS. Upon the authorization of this agreement, the
Board will grant Employee options to purchase 60,000 shares under the
current equity incentive plan, with the strike price being the FMV of the
stock as of the date of grant. The options are to vest immediately.

4.    EXPENSES. ISI shall reimburse Employee for all business expenses
incurred in pursuit of the business of ISI, upon presentation by the
Employee from time to time of an itemized account of such expenditures in
accordance with the standard policies of ISI.

5.   VACATION. Employee shall be entitled each year to a vacation of five
weeks, which shall be taken on a pre-scheduled basis.

6.   FRINGE BENEFITS. ISI shall pay for the Employee in the regular fringe
benefit plan available to ISI employees, including medical, disability,
and life insurance. Benefits incurred during the previous term of the
previous Employment Agreement will not be reduced by this Agreement.

7.   EXTENT OF SERVICES. Employee shall devote her time, attention and
energies to managing ISI and shall not during the term of this Agreement
be engaged in any other business activity whether or not such business
activity is pursued for gain, profit, or other pecuniary advantage; but
this shall not be construed as preventing the Employee from investing her
assets in such form or manner as will not require substantial service on
the part of the Employee in the operation of the affairs of the companies
in which investments are made.

8.   DUTY OF LOYALTY. During the term of employment under this Agreement
and thereafter, Employee will neither disclose any confidential
information as to ISI nor at any time remove or retain without Company's
express consent any figures, calculations, letters, papers, or other
confidential information of any type or description. Furthermore, Employee
binds herself to the terms of the ISI standard agreement relating to
protection of trade secrets.

9.   DEATH DURING EMPLOYMENT. Should Employee die during the term of her
employment, ISI shall pay to the estate of the Employee the compensation,
which would otherwise be payable to the Employee for six months after the
date on which her death occurs. In addition, all bonuses earned prior to
Employee's date of death shall be paid to Employee's estate.

10.  TERMINATION OTHER THAN BY DEATH.
     a. Employment under this Agreement will terminate for reasons other
than death of Employee upon the first of the following events to occur:
          i.   in the absence of any breach, upon not less than sixty (60)
     days' written notice by either party to the other party or
          ii.  upon not less than three (3) days' written notice by the
     non-breaching party to the other party upon any breach of any of the
     obligations provided herein.

     b. For purposes of clause 10.a.ii,
          i.   breach by Employee will include, but not be limited to:
     failure to perform duties or refusal to obey legal direction or
     instruction of the Board, substance abuse (including any use of an
     illegal substance), dishonesty, acts of moral turpitude, fraud,
     defalcation, and illegal acts and
          ii.  breach by Company will include, but not be limited to:
     failure to pay Employee as agreed and knowingly issuing illegal
     instructions or directions to Employee.

11.  RIGHTS UPON TERMINATION.
     a.    In the event employment under this Agreement is terminated:
          i.   by the Company pursuant to the terms of clause 10.a.i, or
     by Employee pursuant to clause 10.a.ii, the Company will pay Employee
     as liquidated damages the greater of (A) that pro rata portion
     remaining under this Agreement based on Employee's annual salary as
     set out herein or (B) one year's cash compensation (salary and bonus)
     or
          ii.  by Employee pursuant to the terms of clause 10.a.i, above,
     or by the Company pursuant to clause 10.a.ii, above, the Company will
     pay Employee that pro rata portion of Employee's annual salary up to
     and including the date of termination of employment.

     b.   For all purposes of this section 11, the term "salary" will
include accrued and un-forfeited but unpaid vacation, but exclude unused
sick leave. In any event, reimbursable expenses will be paid up through
the date of termination in accordance with the provisions of paragraph 4,
above.

     c.   In the circumstances of clause 11.a.i,
          i.   all incentive compensation and bonus compensation
     established by a written plan is to continue through the full term of
     employment under this Agreement and
          ii.  the Employee shall receive immediate vesting of any and all
     outstanding options and warrants, which shall remain exercisable by
     Employee for a period of twelve months from the effective date of
     termination.

In the circumstances of clause 11.a.ii, all incentive and bonus
compensation is to terminate as of the first day of the month following
the date of termination. d.    Notwithstanding the foregoing, should
termination occur within two years of a change in control of ISI, such
termination will be treated as having been by the Company pursuant to the
terms of clause 10.a.i, regardless of the actual circumstances of
termination.

     e.   Termination pursuant to Section 12 will be treated as having
been by the Employee pursuant to the terms of clause 10.a.i, regardless of
the actual circumstances of termination.

12.   DISABILITY. Should Employee become Disabled during the term of
employment, Employee's base salary and other benefits shall continue at
the same rate and in the same manner as on the date of such disability.
Should Employee remain disabled for six consecutive months, the Company,
at its option, may thereafter, upon written notice to Employee or
Employee's personal representative, terminate the employment, subject,
however, to Employee's right to receive disability benefits under the
Company's general employee disability insurance policy and under any
supplemental disability policy provided to Employee. If Employee receives
any disability payments from any insurance policies paid for by the
Company, the annual base salary, the severance amount, and bonuses due to
Employee hereunder shall be reduced by the amount of any payments received
by Employee from such disability insurance policies.

13.  NOTICES. Any notice required or permitted to this Agreement must be
in writing and delivered by certified US mail to the parties of this
Agreement.

14.  WAIVER OF BREACH. The waiver by ISI of a breach of any provision of
this Agreement by the Employee shall not operate or be construed as a
waiver of any subsequent breach by the Employee.

15.  ASSIGNMENT. The rights and obligations of ISI under this Agreement
shall inure to the benefit of and shall be binding upon the successors and
assigns of ISI. The rights and obligations of the Employee under its
Agreement shall inure to the benefit of and shall be binding upon the
Employee's heirs, successors, and assigns, except that Employee's
obligation to perform such further services and rights to receive payment
therefore are expressly declared to be non-assignable and non-
transferable.

16.   SEVERABILITY. Should any part of this agreement be found by a Court
of competent jurisdiction to be void or against public policy, such part
is to be deleted; but the contract, as so amended, is to remain in full
force and effect.

17.  ARBITRATION. If any controversy or claim arising out of this contract
cannot be settled by the parties, the controversy or claim must be
submitted to mediation under the Mediation Rules of the Judicial Arbiter
Group of Denver, Colorado (JAG). Should the mediation not be successful in
resolving the issue, the matter will be submitted to arbitration in
accordance with the rules of the JAG then in effect (as modified herein).
The discovery rules, including sanctions, of the Federal Rules of Civil
Procedure are to be applied in any such arbitration, modified as may be
necessary in the opinion of the arbitrator(s) to give effect to the JAG
rules governing timeliness.

18.   ENTIRE AGREEMENT. This instrument contains the entire Agreement of
the parties. It may not be changed orally but only by an agreement in
writing signed by the party against whom enforcement of any waiver,
change, modification, extension or discharge is sought.

IN WITNESS WHEREOF, the parties have executed this agreement on this 1st
day of October 1999.

EMPLOYEE:                               1MAGE SOFTWARE, INC.

/s/Mary Anne DeYoung                    /s/David R. DeYoung
Mary Anne DeYoung, individually         David R. DeYoung, President

                                        ATTEST:

                                        /s/Robert Wiegand II
                                        Robert Wiegand II, Secretary

Ratified by the Compensation Committee:

/s/Robert Wiegand II                    /s/Richard A. Knapp
Robert Wiegand II                       Richard A. KnappEXECUTIVE EMPLOYMENT AND
                            COMPENSATION AGREEMENT

Date:     Effective as of July 10, 1998

Parties:  South Umpqua Bank, a bank  chartered  under the laws of the State of
          Oregon, its subsidiaries and affiliates (the "Company")

          and

          Ray Davis (the "Executive")

Agreement: The Company and the Executive agree as follows:

1.   Effective Date Of Agreement

     This Agreement is effective as of July 10, 1998.

2.   Term Of Employment

     The term of this  Agreement  shall commence as of July 10, 1998 and shall
     continue  until  the close of the  Company's  business  on July 10,  2000
     ("Term of Employment").

3.   Obligation Of The Parties To Negotiate In Good Faith

     Upon the  expiration  of the Term of  Employment,  the  parties  agree to
     negotiate  with one  another in good faith  regarding  another  Executive
     Employment and Compensation Agreement. Upon the expiration of the Term of
     Employment, the Executive shall be deemed to be an "employee at will."

4.   Employment Position, Duties, And Responsibilities

     The  Company  agrees to continue  the  Executive  in its employ,  and the
     Executive  agrees to remain in the employ of the  Company for the Term of
     Employment  in the position and with the duties and  responsibilities  of
     the principal  Chief  Executive  Officer and President of the Company and
     shall report to the Board of  Directors.  At all times during the Term of
     Employment   the   Executive   shall  hold  a  title  and   position   of
     responsibility  commensurate  with the Executive's  title and position on
     July 10, 1998.

                                   10.1 - 1
<PAGE>

     The Executive shall also serve as a director of the Company,  if elected.
     Fees paid to the Executive for service as a director shall be in addition
     to those amounts paid pursuant to this Agreement.

     The office of the Executive shall be located at the principal  offices of
     the Company in Roseburg,  Oregon.  The Executive shall not be required to
     relocate his office without his prior written consent.

5.   Compensation

     During the Term of Employment, the Executive shall be paid by the Company
     as follows:

     a.   Annual Base Salary

          A minimum annual base salary of $172,500 ("Base Salary"), payable at
          the rate of not less than  $14,375 per month,  for the  remainder of
          the  calendar  year  1998,  and for  the  remainder  of the  Term of
          Employment,  together  with such  increases as may be awarded by the
          Company from time to time in accordance  with the Company's  regular
          practices of salary increases for executives; plus

     b.   Annual Executive Performance Bonus

          An annual executive  performance bonus under the Company's Executive
          Bonus Compensation Plan or such equivalent  successor plan as may be
          adopted by the Company from time to time ("Performance Bonus").

     c.   Retirement Plans

          The Executive  shall be a full and vested  participant in all of the
          Company's  retirement,  and  deferred  compensation  plans,  if  any
          ("Retirement Plans") to the extent permitted by such plans; plus

     d.   Fringe Benefits

          The Executive  shall be entitled to a monthly car allowance of $500,
          payment  or  reimbursement  of:  club dues and  initiation  fees for
          Roseburg  Golf and Country  Club;  other club dues or dues for civic
          organizations  which in the  opinion of the Board of  Directors  are
          beneficial  to the  Company;  and  Executive's  reasonable  expenses
          incurred by the Executive in the conduct of his duties.

                                   10.1 - 2
<PAGE>

6.   Employee Benefit Plans

     In addition  to the  payments  and other  benefits  provided  for in this
     Agreement,  the  Executive  shall  be  entitled  to  participate  in  the
     Company's  Incentive Stock Option Plan,  Non-Qualified Stock Option Plan,
     and the Executive  Profit  Sharing and Thrift Plan, if any, to the extent
     permitted by such plans. If no such plans are in effect as of the date of
     this Agreement,  then the Executive shall become a participant as soon as
     such plan or plans become operative.

     Nothing in this  Agreement  shall  preclude the Company from  amending or
     terminating any employee benefit plan or practice.

     During the Term of Employment, the Executive's benefits set forth in this
     Agreement  shall  not  be  less  than  those  benefits  available  to the
     Executive as of the date of this Agreement. The nature, level, and extent
     of such benefits to which  Executive is entitled may be reduced only with
     the Executive's written consent.

7.   Termination Of Executive's Employment During the Term Of Employment

     a.   Termination Of The Executive's Employment By The Company For "Cause"

          In the event the Executive's employment is terminated by the Company
          during the Term of Employment for "cause" (as defined in Section 9),
          the  Executive  shall be entitled to receive  payment only for those
          sums, benefits,  and other fringe benefits which have accrued to and
          are due and  owing the  Executive  as of the  effective  date of the
          termination of his employment  ("Effective  Date").  Executive shall
          not be entitled to any other sums for the  remainder  of the Term of
          Employment.

     b.   Termination  Of The  Executive's  Employment By The Company  Without
          "Cause"

          In the event  the  Company  terminates  the  Executive's  employment
          during the Term of Employment  for any reason other than "cause" (as
          defined in Section 9), then  Executive  shall be entitled to receive
          and the Company shall be obligated to pay:

                                   10.1 - 3
<PAGE>

          1.   All compensation,  benefits,  and other fringe benefits accrued
               to the Effective Date;

          2.   An amount  equal to nine  months'  Base  Salary as  defined  in
               Section 5.a; and

          3.   An amount equal to the projected  Performance  Bonus as defined
               in  Section  5.b.  for the year in  which  the  Effective  Date
               occurred, pro-rated based upon the number of months during such
               year in which the  Executive  was  employed.  For  example,  if
               Executive's employment was termined after six months of a bonus
               year,  and the projected  bonus for the Executive for that year
               was $20,000,  then the  Executive  would be entitled to receive
               the sum of $10,000 as the  projected  pro-rated  bonus for that
               year.

          4.   Health  insurance  benefits  available to the  Executive on the
               Effective  Date shall continue in full force and effect for the
               maimum time allowed by law following the Effective Date.

     c.   Payment of Sums Due Executive

          All sums due the Executive  pursuant to this Section 7 shall be paid
          by the Company to the Executive in full, in cash, or the  equivalent
          of cash, within five days from the Effective Date.

8.   Termination  Of  Employment  In  Connection  With A Change In  Control Of
     Company

          The  provisions  of this  Section 8 shall  govern all  severance  or
          termination  payments to the Executive in the event that the Company
          is subject to a "change in control" (as defined in Section 10).

     a.   Termination  of  Employment  Of The  Executive By The Company Or The
          Company's  Successor In Interest In  Anticipation  Of, In Connection
          With, Or After A Change In Control

          In the event that the Company,  its successor in interest by merger,
          its  transferee,  or the new owner of a controlling  interest in the
          Company's stock, terminates the Executive's employment or causes the
          termination  of  the  Executive's  employment  during  the  Term  of
          Employment in anticipation of, in connection with, or after a change
          in control has occurred, then the Company, its successor in interest
          by merger,  its  transferee,  or the new owner of its stock,  as the

                                   10.1 - 4
<PAGE>

          case may be,  shall pay the  Executive  an amount equal to two times
          the average of the total annual  compensation (as defined in Section
          5.(a) and  (b)),  including  the Base  Salary  plus the  Performance
          Bonus, paid to the Executive during the last two full calendar years
          of employment  (including  employment  pursuant to a prior Agreement
          dated July 10, 1994 between the Company and the Executive).

     b.   Termination Of Employment By Executive After A Change In Control And
          Occurrence Of A "Triggering Event"

          In the event that the Executive terminates his employment during the
          Term of  Employment  after a change  in  control  and a  "triggering
          event" (as defined in Section 10) has  occurred,  then the  Company,
          its  successor  in interest by merger,  its  transferee,  or the new
          owner of a controlling  interest in the Company's stock, as the case
          may be, shall pay the  Executive  the  following  amount:  an amount
          equal to two times the average of the total annual compensation, (as
          defined in Section  5.(a) and (b)),  including  the Base Salary plus
          the  Performance  Bonus) paid to the  Executive  during the last two
          full calendar years of employment  (including employment pursuant to
          a prior  Agreement  dated July 10, 1994  between the Company and the
          Executive).

     c.   Payments to Executive

          Executive shall be paid those amounts specified in this Section 8 in
          full,  in cash or the  equivalent  of  cash,  five  days  after  the
          Effective Date.

     d.   Excess Parachute Payment

          If the lump sum  payment  under  this  Section 8 of this  Agreement,
          either alone or together with other  payments to which the Executive
          is entitled to receive from the Company, would constitute an "excess
          parachute  payment"  as  defined  in  Section  280G of the  Internal
          Revenue  Code of  1986,  as  amended  (the  "Code"),  such  lump sum
          severance  payment shall be reduced to the largest  amount that will
          result in no portion of the lump sum payment under this Section 8 of
          this  Agreement  being  subject to the excise tax imposed by Section
          4999 of the Code. The determination of any reduction in the lump sum
          severance  payment under this Section 8 of this Agreement,  pursuant
          to the foregoing  provisions,  shall be made by mutual  agreement of
          the Company and the Executive.

                                   10.1 - 5
<PAGE>

9.   Definition Of "Cause"

     "Cause" is defined as personal dishonesty,  willful misconduct, breach of
     fiduciary involving personal profit, failure to perform his stated duties
     as Chief  Executive  Officer and President of the Company,  or failure of
     the  Executive  to devote his full time and  undivided  attention  during
     normal business hours to the business and affairs of the Company, (except
     for reasonable  vacations,  illness or disability and time devoted by the
     Executive  to  serving  as a  director  or  member  of any  committee  or
     organization engaging in charitable and community activities).

10.  Definition Of "Change In Control" and "Triggering Event"

     A "change  in  control"  is defined as any  transaction,  act,  series of
     transactions or series of acts that either:

     (a)  would  constitute  a change in control for  purposes of The Bank Act
          (ORS  Chapters 706 through  716),  the Bank  Holding  Company Act of
          1956,  as amended,  The Bank  Merger Act, as amended,  The Change In
          Bank  Control  Act, as amended,  or The  Securities  Exchange Act Of
          1934, as amended,  (collectively  referred to herein as the "Acts"),
          assuming the Company is subject to the foregoing Acts  regardless of
          whether  the Company is actually  subject to the  provisions  of any
          such Acts;

     (b)  would  result in any  person,  entity or group of  persons  as those
          terms  are  used in  Sections  13(d)  and  14(d)  of the  Securities
          Exchange  Act of 1934 (but  excluding  an Employee  Stock  Ownership
          Plan)  becoming a beneficial  owner,  directly or  indirectly of the
          securities of the Company  representing  20% or more of the combined
          voting power of the Company's then outstanding shares; or

     (c)  would result in individuals  who were directors of the Company as of
          the date of this Agreement ceasing to constitute at least a majority
          of the Board of  Directors  of the Company at any time prior to July
          10, 2000.

     A "triggering  event" is defined as any one of the following events which
     take place after a change in control has occurred:

     (a)  failure  to elect or  reelect  the  Executive  to the same or higher
          office or removal of the Executive  from the office of President and
          Chief Executive Officer of the Company;

     (b)  a significant  diminution in the nature or scope of the authorities,
          powers,  functions,  or duties  related to the position of President
          and  Chief  Executive  Officer  of the  Company  (including  status,

                                   10.1 - 6
<PAGE>

          offices,  and  reporting  requirements),   or  a  reduction  in  the
          compensation  to which Executive is entitled as set forth in Section
          5 which is not remedied  within 30 days after receipt by the Company
          of written notice from the Executive;

     (c)  the Company  requiring  the  Executive  to be based at any office or
          location more than 15 miles from 445 Southeast  Main St.,  Roseburg,
          Oregon,  or the Company requiring the Executive to travel on Company
          business to a substantially greater extent than required immediately
          prior to the date of this Agreement; or

     (d)  breach by the Company of any provision of this Agreement not covered
          within the  foregoing  clauses (a),  (b),  and (c) of this  section,
          which is not remedied within 30 days after receipt by the Company of
          written notice from the Executive;

          For the  purposes of this Section 10 and this  Agreement,  "Company"
          shall  include the  Company's  successor in interest by merger,  its
          transferee  of all or  substantially  all  of the  Company's  assets
          and/or  liabilities,  or the new owner of a controlling  interest of
          the Company's stock.

     (e)  The liquidation, dissolution, consolidation or merger of the Company
          or one or more of the Company's  subsidiaries or affiliates,  or the
          transfer  of all or a  significant  portion  of  the  assets  and/or
          liabilities  of  the  Company,   or  one  of  its   subsidiaries  or
          affiliates,   unless  a   successor   or   successors   (by  merger,
          consolidation or otherwise) to which all or a significant portion of
          the Company's  assets and  liabilities or the assets and liabilities
          of any of its subsidiaries have been transferred, shall have assumed
          and  discharged  all duties and  obligations  of the  Company to the
          Executive under this Agreement.

     An  election by the  Executive  to  terminate  his  employment  after the
     occurrence  of a change in control  and the  occurrence  of a  triggering
     event as defined herein,  shall entitle the Executive to payment of those
     sums specified in Section 8.b.

11.  Unexercised Stock Options

     In the event that the Executive  shall hold as of the Effective  Date any
     outstanding  and  unexercised  (whether or not  exercisable  at the time)
     stock  options  or  options  previously  granted  by  the  Company,   the
     disposition  of  such  options  shall  be  made in  accordance  with  the
     Company's Incentive Stock Option Plan (if any).

                                   10.1 - 7
<PAGE>

12.  Right To Seek Arbitration

     Either  party shall have the right,  in addition to all other  rights and
     remedies provided by law at their election, either to seek arbitration in
     Oregon,  under the rules of the American  Arbitration  Association  or to
     institute  a judicial  proceeding,  in either  case  within 90 days after
     having received notice of termination of his employment.

13.  Obligation To Mitigate Damages

     In the event of the Executive's termination of employment,  the Executive
     shall not be required to mitigate damages by seeking other employment.

14.  Confidential Information

     Executive agrees not to disclose at any time any confidential information
     obtained by him while in the employ of the Company.  The  executive  also
     agrees  that  upon  leaving  the  Company,  he will not take with him any
     document  of the  Company's  which is of a  confidential  or  proprietary
     nature.

15.  Withholding

     All payments required to be made by the Company to the Executive pursuant
     to this  Agreement  shall be  subject  to  applicable  federal  and state
     withholding requirements.

16.  Notices

     All notices, requests,  demands, and other communications provided for by
     this Agreement will be in writing and shall be sufficiently  given if and
     when mailed in the  continental  United States by registered or certified
     mail,  or  personally  delivered  to the party  entitled  thereto  at the
     address  stated below or to such changed  addresses as the  addressee may
     have given by similar notice:

     To the Company:          South Umpqua Bank
                              445 Southeast Main St.
                              Roseburg, Oregon  97470

     To the Executive:        Ray Davis
                              P.O. Box 1212
                              Roseburg, Oregon  97470

     Any such  notice  delivered  in  personal  shall be  deemed  to have been
     received on the date of delivery.

                                   10.1 - 8
<PAGE>

17.  General Provisions

     (a)  There  shall be no right of set-off  or  counter-claim  against  any
          payments to the Executive, his surviving spouse,  beneficiaries,  or
          estate. All sums to which the Executive is entitled pursuant to this
          Agreement  shall,  upon his death, be paid to his surviving  spouse,
          heirs, or to his estate, if there is no surviving spouse.

     (b)  The Company and the Executive recognize that each party will have no
          adequate remedy at law for breach of this Agreement; and that in the
          event of any such breach,  the Company and the  Executive  agree and
          consent  that the other  shall be entitled to apply for and obtain a
          Decree of Specific Performance.

     (c)  No right or interest to or in any payment shall be assignable by the
          Executive, provided, however, that this provision shall not preclude
          the Executive from designating one or more  beneficiaries to receive
          any amount or amounts that may be payable to him after his death and
          shall not  preclude  the legal  representative  of his  estate  from
          assigning  any right  hereunder  to the person or  persons  entitled
          thereto  under his Will or in the case of intestacy to the person or
          persons entitled  thereto under the laws of intestate  succession of
          the State of Oregon.

18.  Successors To The Company

     This  Agreement  shall be  binding  upon and inure to the  benefit of the
     Company and any successor of the Company,  including  without  limitation
     any corporation or corporations  acquiring  directly or indirectly all or
     substantially  all of the assets  and/or  liabilities,  or a  controlling
     interest in the stock of the Company,  whether by merger,  consolidation,
     sale or otherwise  (and such  successor  shall  thereafter be deemed "the
     Company" for the purposes of this Agreement),  but shall not otherwise be
     assignable by the Company.

19.  Amendment Or Modification

     This Agreement may not be amended or modified without the written consent
     of the  parties  to this  Agreement.  A waiver  by  either  party to this
     Agreement  of any breach by the other  party  shall not be deemed to be a
     waiver of any subsequent or continuing breach.

20.  Severability

     In  the  event  that  any   portion  of  this   Agreement   is   declared
     unenforceable,   the  remaining  portions  of  this  Agreement  shall  be
     unaffected and shall remain in full force and effect.

                                   10.1 - 9
<PAGE>

21.  Legal Expenses

     If the  Company  fails to comply with any of its  obligations  under this
     Agreement, or in the event that the Company or any other person takes any
     action  or  declares  this  Agreement  unenforceable  or  institutes  any
     litigation or other legal action designed to deny, diminish or to recover
     from the Executive the benefits  intended to be provided to the Executive
     hereunder,  and provided further that the Executive has complied with all
     of his obligations  under this Agreement,  the Company hereby  authorizes
     the Executive to retain  counsel of his choice at the sole expense of the
     Company to represent the Executive in connection  with the  initiation or
     defense of any litigation or other legal action whether by or against the
     Company,  or  any  director,   officer,   shareholder,  or  other  person
     affiliated with the Company in any jurisdiction.  The reasonable fees and
     expenses of counsel selected by the Executive as provided herein shall be
     paid or reimbursed to the Executive by the Company on a regular  periodic
     basis  upon  presentation  by  Executive  of a  statement  or  statements
     prepared by such  counsel in  accordance  with such  counsel's  customary
     practices up to a maximum  aggregate amount of $60,000 for legal fees and
     expenses which shall be paid regardless of whether the Executive prevails
     in any legal action.

22.  Continuation Of Benefits

     During any period of time that the  validity  or  enforceability  of this
     Agreement is being challenged by any party, the Company shall continue to
     cover the Executive and his beneficiaries  under the Company's  cafeteria
     plan,  hospital  plan,  health  care  plan,  dental  plan,  life or other
     insurance or death benefit plan, or other present or future similar group
     or  employee  benefit  plan or program  for which key  executives  of the
     Company are eligible to the same extent as if the Executive had continued
     to be an employee of the Company.

DATED as of ________________.

                                SOUTH UMPQUA BANK

                                By: /s/ Allyn C. Ford
                                    -----------------------------------------
                                Title: Chairman

                                /s/ Raymond P. Davis
                                ---------------------------------------------
                                Raymond P. Davis

                                  10.1 - 10

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