Document:

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                                                                  EXHIBIT 10.14

                              EMPLOYMENT AGREEMENT

                                  dated as of

                                 April 1, 2000

                                    between

                               COHO ENERGY, INC.

                                      and

                                GERALD E. RULEY

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                              EMPLOYMENT AGREEMENT

                  EMPLOYMENT AGREEMENT, dated as of April 1, 2000 (this
"Agreement") by and among COHO ENERGY, INC., a Texas corporation (the
"Company"), and GERALD E. RULEY (the "Executive").

                              W I T N E S S E T H:

                  WHEREAS, the Company is engaged in the exploration for and
production and transmission of crude oil and natural gas; and

                  WHEREAS, the Company desires to engage Executive as Vice
President Operations, Exploitation, Land and Reserves upon the terms and
conditions contained in this Agreement; and

                  WHEREAS, Executive desires to be so employed by the Company
from and after the Effective Date, as hereinafter defined, upon the terms and
conditions contained in this Agreement; and

                  WHEREAS, the parties hereto desire to enter this Agreement
upon the terms and conditions hereinafter set forth.

                  NOW, THEREFORE, in consideration of the foregoing, of the
mutual covenants and agreements herein contained and for other good and
valuable consideration, the receipt, adequacy and sufficiency of which are
hereby acknowledged, the parties, intending legally to be bound, hereby agree
as follows:

                  1.       Employment. The Company hereby employs Executive,
and Executive hereby accepts such employment, upon the terms and conditions
hereinafter set forth.

                           (a)      Position. Executive shall be the Vice
President Operations, Exploitation, Land and Reserves of the Company.

                           (b)      Duties. The Executive will direct and be
responsible for the day-to-day activities of the company involving Engineering,
Geological, Geophysical, Land, Field Operations, and their related support
functions. The Executive will provide the company with planning and execution
of projects designed to economically increase production, and company value.

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                           (c)      Place of Employment. During the term of
this Agreement, the Executive shall perform the services required by this
Agreement at the principal executive office of the Company.

                           (d)      Performance of Duties. The Executive agrees
to devote his full time and best efforts to the performance of his duties and
to serve the Company well and faithfully in conformity with the direction of
the President and Chief Executive Officer and written policies of the Company.
The foregoing shall not prevent Executive from serving on the boards of
directors of which he is a member as of the Effective Date (which have been
disclosed and approved prior to the execution hereof as listed on Appendix B)
so long as such service does not interfere or conflict with the Executive's
discharge of his duties under this Agreement.

                  2.       Term.

                           (a)      Effective Date. This Agreement shall become
effective on the effective date (the "Effective Date") of the Debtors' and
Official Committee of Unsecured Creditors' Joint Plan of Reorganization
("Plan").

                           (b)      Termination Date. The term of employment
under this Agreement shall terminate upon the earliest to occur of the
following events (the date specified in each such event is referred to as the
"Termination Date"):

                                    (i)   Two (2) years after the Effective
                           Date; provided, however, that the term of this
                           Agreement shall automatically be extended from day to
                           day so that it always has a remaining term of two (2)
                           years, unless the Company or Executive gives written
                           notice to the other party that it does not wish to
                           continue to extend the term, in which event the term
                           will terminate two (2) years from the date of such
                           notice;

                                    (ii)  the date upon which the Company
                           terminates the Executive's employment by the Company
                           for Cause or without Cause (it being understood that
                           the date of termination shall be the date upon which
                           the Company provides the Executive written notice of
                           such event);

                                    (iii) the date of the Executive's death;

                                    (iv)  the date upon which the Company
                           terminates Executive's employment by the Company as
                           a result of Executive's Disability;

                                    (v)   the date upon which Executive effects
                           a Voluntary Termination with or without (it being
                           understood that the date of termination shall be the
                           date upon which Executive provides the Company
                           written notice of such event); or

                                    (vi)  the date of a Change of Control.

                           (c)      Performance of Duties During Notice Period.
In the event that either (i) the Company terminates the Executive's employment
pursuant to Section 2(b)(ii)

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hereof or (ii) Executive effects a Voluntary Termination pursuant to Section
2(b)(v), Executive, if requested by the Company, shall continue to render
services hereunder to the Company for the 30-day notice period (or if shorter,
until the Termination Date), and shall, in such event, be paid the compensation
and benefits hereunder for the remainder of such period.

         3.       Compensation and Benefits.

                  (a) Base Salary.

                           (i)  The Company shall pay the Executive a base
         salary at the annual rate of $250,000 per year ("Base Salary").

                           (ii) The Base Salary shall be paid in equal
         installments, consistent with the manner in which other senior
         executives of the Company are paid, and subject to all applicable
         withholding and deductions, in accordance with the usual payroll
         practices of the Company, but not less frequently than monthly.

                  (b) Performance Bonus. The Company shall pay Executive a
performance bonus (the "Performance Bonus") in respect of each fiscal year of
the Company during the term of this Agreement in accordance with a management
performance plan which shall be implemented by the Company's Board of Directors
(the "Board") as soon as practicable after the Effective Date.

                  (c) Benefits. During the term of this Agreement, the
Executive shall be entitled to all such employment benefits as may, from time
to time, be made generally available to employees and senior executives of the
Company, including, but not limited to, pension or other retirement plans,
medical plans, disability plans, incentive plans, stock plans, investment
plans, additional compensation plans and all other group and other insurance
plans and benefits to the extent that the Executive is, and remains, eligible
to participate therein and subject to eligibility provisions of such plans then
in effect.

                  (d) Business Expenses. The Company shall pay, either directly
or by reimbursement to the Executive, all documented expenses incurred by the
Executive, including travel and entertainment expenses, in the performance of
his duties upon submission of appropriate evidence thereof and on a basis
consistent with the Company's current policies on the date of this Agreement.

                  (e) Vacation. For each year of this Agreement, the Executive
shall be entitled to paid vacation in accordance with the Company's standard
policy for the Company's executives.

                  (f) Stock Options. As soon as practical after the Effective
Date, the Board shall implement an Equity Participation Plan and shall grant to
Executive a nonqualified stock option for the number of shares and upon the
terms set forth in Appendix A (which option shall be incorporated into a Stock
Option Grant Agreement executed by the parties).

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                  (g) Standby Loan. Executive shall be entitled to purchase at
par value on the Effective Date, a 0.15% participation in the Standby loan as
such term is defined in the Plan.

         4.       Compensation Upon Termination of Employment.

                  (a) Expiration of Term. If Executive's employment by the
Company is terminated pursuant to Section 2(b)(i), whether due to the
expiration of the initial term or any renewal term, the Company shall pay
Executive the compensation and other benefits expressly provided under this
Agreement through the Termination Date, and any unpaid Performance Bonus for
any prior fiscal periods.

                  (b) Termination Upon Death. If Executive's employment by the
Company is terminated as a result of the occurrence of Executive's death
pursuant to Section 2(b)(iii), the Company shall be obligated to pay to the
Executive's estate any unpaid compensation and other benefits expressly
provided under this Agreement through the Termination Date, and any unpaid
Performance Bonus for any prior fiscal periods.

                  (c) Termination Because of Disability. If Executive's
employment by the Company is terminated by the Company as a result of the
occurrence of Executive's Disability pursuant to Section 2(b)(iv), the Company
shall pay Executive the compensation and other benefits expressly provided
under this Agreement through the Termination Date, and any unpaid Performance
Bonus for any prior fiscal periods.

                  (d) Termination by the Company for Cause. If Executive's
employment by the Company is terminated by the Company for Cause pursuant to
Section 2(b)(ii), Executive shall receive the compensation and other benefits
expressly provided under this Agreement through the Termination Date.

                  (e) Termination by the Company without Cause. If Executive's
employment by the Company is terminated by Executive without Cause pursuant to
Section 2(b)(ii), the Company shall pay Executive (i) the compensation and
other benefits expressly provided under this Agreement through the Termination
Date, (ii) any unpaid Performance Bonus for any prior fiscal periods, and (iii)
a lump sum payment equal to two (2) times the Base Salary.

                  (f) Termination Following Change of Control. A Change of
Control shall be treated as a termination of the Executive's employment under
Section 4(e).

                  (g) No Mitigation. If the Executive's employment described
herein is terminated, the Executive shall have no duty to mitigate his damages
or seek other employment, and the Company shall have no right to offset any
amounts which are paid to or earned by Executive from other employment obtained
by Executive (including self-employment) against any amounts which are payable
to Executive pursuant to this Agreement.

                  (h) Continuation of Health and Life Insurance Coverage. At
Executive's own expense, Executive and Executive's dependents shall also be
entitled to any continuation of health insurance coverage rights after the
Termination Date under any applicable

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law; provided, however, that in the event of the termination of Executive's
employment with the Company pursuant to Section 4(e), health and life insurance
coverage shall be provided at the Company's expense for two (2 ) years after
the Termination Date on the same basis as for other senior executives of the
Company, including the same employee contributions and co-payments which are
required for other employees.

              (i) Effects of Termination; Payments.

                  (i)   Effective as of the Termination Date, the Executive
         shall be deemed to have resigned from all offices and directorships
         then held with the Company and its subsidiaries.

                  (ii)  The covenants and agreements of the Executive contained
         in Sections 5, 6 and 7 shall survive termination of the Executive's
         employment by the Company and the termination of this Agreement.

                  (iii) All payments due to Executive or his estate pursuant to
         Section 4 shall be paid as soon as practicable after the Termination
         Date, but in no event later than ten (10) days thereafter, except in
         the case of the Performance Bonus for any prior fiscal period which
         shall be paid as soon as practicable after the end of such fiscal
         period, but not later than sixty (60) days thereafter, and except for
         payments pursuant to Section 4(h).

         5. Confidentiality and Non-Disclosure. Executive recognizes that he
will occupy a position of trust with respect to the Company and agrees to use
all Confidential Information solely in connection with the performance of
services for or on behalf of the Company. Executive shall not, during the term
of this Agreement, or at any time after the termination of this Agreement, in
any manner, either directly or indirectly, (i) disseminate, disclose, use or
communicate any Confidential Information to any person or entity, regardless of
whether such Confidential Information is considered to be confidential by third
parties, or (ii) otherwise directly or indirectly misuse any Confidential
Information; provided, however, that (y) none of the provisions of this Section
5 shall apply to disclosures made for valid business purposes of the Company.

         Executive hereby acknowledges and agrees that all personal property and
equipment, relating to the business of the Company, including, without
limitation, all books, manuals, records, reports, notes, contracts, lists,
blueprints, and other documents or materials, or copies thereof (including
computer files), and all other proprietary information relating to the business
of the Company, furnished to or prepared by Executive in the course of or
incident to Executive's employment, belongs to the Company and shall be promptly
returned to the Company within three (3) days after the Termination Date.
Following the Termination Date, Executive will not retain any written or other
tangible material containing any proprietary information of the Company.

         6. Non-Solicitation. Executive hereby covenants and agrees that, during
the term of this Agreement and for a period of one (1) year thereafter,
Executive shall not, for himself or any third party, directly or indirectly, (i)
interfere with the contractual relationship

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between the Company and any of its vendors or suppliers or (ii) employ or
solicit for employment any officer or key employee who is employed by the
Company.

         7. Enforcement. It is understood and agreed by the parties that no
amount of money would adequately compensate the Company for damages which the
parties acknowledge would be suffered as a result of a violation by the
Executive of the covenants contained in Sections 5 and 6 above, and that,
therefore, the Company shall be entitled, upon application to a court of
competent jurisdiction, to obtain injunctive relief (without the need to post
bond) to enforce the provisions of Sections 5 and 6, which injunctive relief
shall be in addition to any other rights or remedies available to the Company.
The provisions of this Section 8 shall survive the termination of this
Agreement.

         8. Certain Defined Terms. For purposes of this Agreement the following
terms and phrases shall have the following meanings:

                  "Cause" shall mean: (i) the Executive shall have committed an
act of fraud, embezzlement or misappropriation against the Company or committed
a material breach of fiduciary duty owed to the Company; or (ii) the Executive
shall have been convicted by a court of competent jurisdiction (or entered a
plea of guilty or nolo contendere) of any felony or crime involving moral
turpitude or fraud (other than a traffic offense); or (iii) the Executive shall
have engaged in willful misconduct, material breach of his obligations under
this Agreement or the refusal or failure to perform his duties as required by
this Agreement (other than as a result of incapacity due to physical or mental
illness) which violations are not remedied within 15 days after receipt of
written notice from the Company specifying such violations.

                  "Change of Control" means (a) the sale, lease or other
transfer of all or substantially all of the assets of the Company to any person
or group (as such term is used in Section 13(d) of the Securities Exchange Act
of 1934, as amended (the "Exchange Act")); (b) the adoption by the stockholders
of the Company of a plan relating to the liquidation or dissolution of the
Company; (c) the merger or consolidation of the Company with or into another
entity or the merger of another entity into the Company or any subsidiary
thereof with the effect that immediately after such transaction the
stockholders of the Company immediately prior to such transaction (or their
affiliates) hold less than fifty percent (50%) of the total voting power of all
securities generally entitled to vote in the election of directors, managers or
trustees of the entity surviving such merger or consolidation; or (d) the
acquisition by any person, entity or group, within the meaning of Section 13(d)
or 14(d) of the Exchange Act (other than PPM America, Inc., Appaloosa
Management LP, Oaktree Capital Management LLC, their respective affiliates or
managed funds, or any group consisting of any of them), of more than fifty
percent (50%) of the voting power of all securities of the Company generally
entitled to vote in the election of directors of the Company.

                  "Company" as used in this Agreement, the term "the Company"
includes the Company, any assignee or other successor of interest in the
Company, and any parent, subsidiary, or other corporation or partnership under
common ownership or control with the Company.

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                  "Confidential Information" means all software, trade secrets,
compilations of information, records, specifications, work products in any form
owned by the Company or any of its affiliates or created by Executive for the
Company or any of its affiliates, including but not limited to, know-how,
ideas, techniques, theories, discovery, formulas, plans, charts, designs,
drawings, whether patentable or not; lists of current or prospective clients,
business plans and proposals, current or prospective business opportunities,
financial records, research and development, marketing strategies and programs
and reports, including any documentation thereof; and all other secrets and
information of a confidential nature of the Company during the Executive's
employment with the Company.

                  "Disability" means an inability by the Executive to perform a
substantial portion of the Executive's duties by reason of physical or mental
incapacity or disability for a total of ninety (90) days or more in any
consecutive period of three hundred and sixty-five (365) days, as determined by
the reasonable judgment of a physician selected by the Executive and reasonably
acceptable to the Company.

                  "Voluntary Termination" shall mean the voluntary termination
by Executive of Executive's employment from the Company by voluntary
resignation or any other means(other than (i) death or Disability or (ii)
simultaneous with or following termination for Cause or an event which if known
to the Company at the time of such voluntary termination by Executive would
constitute Cause).

         9.       Miscellaneous Provisions.

                  (a) Arbitration. Any controversy or claim arising out of or
relating to this Agreement, including the making, interpretation or breach
thereof, or the employment or termination of employment of Executive shall be
resolved by expedited arbitration in the City of the principal offices of the
Company in accordance with the Employment Dispute Resolution Rules of the
American Arbitration Association. Judgment upon the award rendered by the
arbitrator(s) may be entered in any court having jurisdiction thereof, and any
party to the arbitration may, if such party so elects, institute proceedings in
any court having jurisdiction for the specific performance of any such award.
The powers of the arbitrator(s) shall include, but not be limited to, the
awarding of injunctive relief. The arbitrator(s) shall include in any award in
which Executive is the prevailing party the amount of his reasonable attorneys'
fees and expenses and all other reasonable costs and expenses of the
arbitration. In the event the arbitrator(s) do not rule in favor of Executive
in respect to all of the material claims alleged by Executive, the
arbitrator(s) shall include in the award in favor of Executive the amount of
Executive's reasonable costs and expenses of the arbitration as the
arbitrator(s) deem just and equitable under the circumstances. Except as
provided above, each party shall bear his or its own attorneys' fees and
expenses, and the parties shall bear equally all other costs and expenses of
the arbitration. The provisions of this Section 9 shall survive the termination
of this Agreement.

                  (b) Entire Agreement. This Agreement sets forth the entire
agreement and understanding between the parties with respect to the subject
matter hereof and supersedes all prior agreements, arrangements, and
understandings between the parties with respect to the subject matter hereof.

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                  (c) Modification. This Agreement may be amended, modified,
superseded, canceled, renewed or extended, and the terms or covenants hereof
may be waived, only by a written instrument executed by both of the parties or
in the case of a waiver, by the party waiving compliance.

                  (d) Waiver. The failure of either party at any time or times
to require performance of any provision hereof in no manner shall affect the
right at a later time to enforce the same. No waiver by either party of a
breach of any term or covenant contained in this Agreement, whether by conduct
or otherwise, in any one or more instances, shall be deemed to be or construed
as a further or continuing waiver of any such breach or waiver of any other
term or covenant contained in this Agreement.

                  (e) Notices. Any and all notices or other communications
provided for herein shall be given in writing and shall be hand-delivered or
sent by United States mail, postage prepaid, registered or certified, return
receipt requested, addressed as follows:

                                    If  to the Company:

                                    Coho Energy, Inc.

                                    -------------------------------------------

                                    -------------------------------------------
                                    Attention:  Board of Directors

                                    With a copy to:

                                    Munger, Tolles & Olson LLP
                                    355 South Grand Avenue
                                    Los Angeles, California  90071
                                    Attention:  Thomas B. Walper

                                    If to Executive:

                                    Gerald E. Ruley

                                    -------------------------------------------

                                    -------------------------------------------

                                    With a copy to:

                                    -------------------------------------------

                                    -------------------------------------------

                                    -------------------------------------------

                                    -------------------------------------------

provided, however, that any of the parties may, from time to time, give notice
to the other parties of some other address to which notices or other
communications to such party shall be sent, in which event, notices or other
communications to such party shall be sent to such address. Any notice or other
communication shall be deemed to have been given and received hereunder as of

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the date the same is actually hand delivered or, if mailed, three days after
deposit in the United States mail, postage prepaid, registered or certified,
return receipt requested.

                  (f) Governing Law. This Agreement shall be construed in
accordance with and governed by the laws of the State of Texas applicable to
contracts made and to be performed wholly within such state.

                  (g) Assignability. This Agreement, and the Executive's rights
and obligations hereunder, may not be assigned by the Executive. The Company
may assign its rights, together with its obligations hereunder, only to a
successor by merger or by the purchase of all or substantially all of the
assets and business of the Company and such rights and obligations shall inure
to, and be binding upon, any such successor.

                  (h) Binding Effect. This Agreement shall be binding upon and
shall inure to the benefit of the parties and their respective legal
representatives, heirs, permitted successors and permitted assigns.

                  (i) Captions. Headings and titles in this Agreement are for
convenience of reference only and shall not control the construction or
interpretation of any provisions hereof. The words "herein," "hereof,"
"hereunder," and the words of similar import, when used anywhere in this
Agreement, refer to this Agreement as a whole and not merely to a subdivision
in which such words appear, unless the context otherwise requires. The singular
shall include the plural unless the context otherwise requires.

                  (j) Indemnification. The Company agrees that the Executive
shall be entitled to indemnification and payment or reimbursement of expenses
(including attorneys' fees and expenses) to the fullest extent provided in the
Company's Certificate of Incorporation, as in effect on the date hereof and as
it may be hereafter amended (but in no event on terms less favorable to the
Executive than those in effect on the date hereof), for all damages, losses and
expenses incurred by the Executive in connection with any claim, action, suit
or proceeding which arises from the Executive's services and/or activities as
an officer and/or employee of the Company or any affiliate thereof. This
Section shall survive any termination of the term of this Agreement.

                  (k) Separability. Any term or provision of this Agreement
which is invalid or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such validity or unenforceability
without rendering invalid or unenforceable the

                  (l) remaining terms and provisions of this Agreement or
affecting the validity or enforceability of any of the terms or provisions of
this Agreement in any other jurisdiction.

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

                                  THE COMPANY:

                                  COHO ENERGY, INC.

                                  By:
                                         --------------------------------------
                                  Name:
                                         --------------------------------------
                                  Title:
                                         --------------------------------------

                                  EXECUTIVE:

                                  ---------------------------------------------
                                  Gerald E. Ruley

                                      10<PAGE>   1

                            MARINE BANCSHARES, INC.

                                                                    EXHIBIT 10.6

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                         CONTRACT FOR SALE AND PURCHASE
                             OF AN OFFICE BUILDING

         THIS CONTRACT is made between:

         SELLER:  GULF COAST COMMERCIAL CORPORATION, A FLORIDA CORPORATION

         BUYER:   MARINE NATIONAL BANK OF NAPLES, A NATIONAL BANKING ASSOCIATION

         For good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged by the parties hereto, it is mutually agreed that
the Seller shall sell and the Buyer shall purchase the real property and
improvements as described in Paragraph 1, below, upon the terms and conditions
hereinafter set forth:

         1.       DESCRIPTION OF PROPERTY: The property to be sold and purchased
is as follows:

                  A. The real property located in Collier County, Florida
described as follows:

                  Commonly known as the "Marine National Bank Building" located
                  at 2329 (2325) Vanderbilt Beach Road, Naples, Florida as more
                  particularly described in the attached Exhibit "A" (the
                  "Property").

                  B. All rights, privileges, parking agreements,
cross-easements, and easements appurtenant to the real property and all sewer,
water, and other utility services, and other governmental approvals and
permits, licenses, including but not limited to, any prepaid impact, access,
service, maintenance or other fees of any kind, appurtenant to the real
property.

                  C. The Property shall also include the bank building (the
"Building"), all other improvements to the Property, and all furniture,
furnishings, trade fixtures, machinery, and equipment pertinent to or used in
connection with the operation of the Building and/or the Property, which is
owned by the Seller.

2.       PURCHASE PRICE: The purchase price (hereinafter referred to as the
"Purchase Price") for the Property and Building shall be THREE MILLION THREE
HUNDRED FIFTY THOUSAND AND 00/100 ($3,350,000.00) DOLLARS, payable by Buyer as
follows:

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                  A.       Deposit at time of execution by Buyer in the amount
of TWENTY ONE THOUSAND SEVEN HUNDRED AND NO/100 ($21,750.00) DOLLARS composed
of $10,000.00 additional deposit and the $11,750.00 Lease deposit paid on
Buyer's Lease already in the possession of Seller. The $10,000.00 deposit shall
be delivered to Escrow Agent upon execution by Buyer of this Contract and will
be paid to Seller at closing and a credit to Buyer of $11,750.00 presently held
by Seller as a lease security deposit.

                  B.       Additional cash to close in the amount of THREE
MILLION THREE HUNDRED FORTY THOUSAND AND NO/100 ($3,340,000.00) DOLLARS subject
to adjustments on any leasehold deposits, credits, prorations and other matters
as provided herein, to be paid by Buyer by bank wire of funds or local
cashier's check, at the election of the Buyer, on closing and delivery of the
deed and other instruments to Buyer in accordance with the terms and provisions
of this Contract.

                  C.       All deposits shall be held in an interest bearing
account and all interest will accrue or be paid to Buyer, except in the case of
the Buyer's default hereunder.

         3.       INVESTIGATION PERIOD: For a period of fifteen (15) days from
the date of this Contract (the "Investigation Period") Seller grants to Buyer
and its agents, employees, contractors and representatives, a right to enter
upon the Property and to examine the Property. During such entry and
examination Buyer shall not unreasonably interfere with any tenant's occupancy.
During the Investigation Period the Buyer shall further have the right, but not
be required to or otherwise limited to, review the following items to be
provided by Seller to Buyer:

                  A.       All zoning, land use, environmental, building and
construction laws and regulations restricting or regulating, or any other
requirements or conditions of any governmental or other agency or entity having
jurisdiction over, the Property, which would affect the access to, use,
occupancy, enjoyment or development of the Property; and that the Property will
be fully usable by Buyer for Buyer's intended purposes. By execution of this
Agreement, Seller hereby authorizes and grants to Buyer, its agents, employees,
and contractors, the right to access to all records held by Seller or its
agents, and to interview, appropriate government authorities relative to any
phase of the use, occupancy, construction, development, marketing or future use
or enjoyment of the Property and/or Building;

                  B.        Any soil test, geological studies and surveys and
environmental studies or surveys Buyer may cause to be conducted at its own
expense, on the Property;

                  C.        All soil and subsoil conditions and other physical
characteristics of the Property in connection with Buyer's use of the Property,
and determining whether, in Buyer's sole and absolute discretion, extraordinary
costs for repairs or completion of the Building will be required;

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                  D.       The nature and location of any easements, covenants,
restrictions, agreements, contracts, or other documents or conditions which
benefit or affect the Property;

                  E.       The size, availability, capacity and cost of all
utility services to the Property and the Building;

                  F.       An inspection of the physical condition of the
Building situated on the Property by a certified engineering firm at Buyer's
sole expense; Seller agrees in addition to the foregoing to provide to Buyer
within three (3) days of the Effective Date of this Contract copies of all of
the following to the extent they exist and are in the Seller's possession or
control (and which have not been previously supplied to Buyer):

                           i.       Soil tests and all prior engineering tests.

                           ii.      "As built" blueprints, shop drawings, plans
                                    and specifications for the Building.

                           iii.     All warranties and reports provided by the
                                    builder/general contractor, its
                                    subcontractors and suppliers.

                           iv.      Surveys or drawings of the Property,
                                    including "as built" surveys including the
                                    Building.

                           v.       Prior title insurance policy(s).

                           vi.      A copy of the Assignment of the Marine
                                    Bancshares, Inc. Lease Agreement, dated
                                    July 9, 1999, by Wridell Development
                                    Corporation to Seller.

                           vii.     Copies of all occupational licenses and
                                    other licenses necessary for the operation
                                    of the business on the Property and the
                                    Building.

                           viii.    1999 real estate tax bill for the Property.

                           ix.      Any and all maintenance agreements and
                                    warranties for the Building and equipment
                                    such as air conditioning, plumbing,
                                    electricity, etc.
                  Before the expiration of the Investigation Period, for any
reason, the Buyer may elect to terminate this Contract by delivering written
notice to the Seller or Escrow Agent, and in such event this Contract shall be
null and void. If Buyer does not deliver notice during Investigation Period
then Buyer waives the right to terminate as provided herein.

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                  In the event Buyer elects to terminate the Contract as
provided above, the Escrow Agent shall return all deposits to the Buyer.

         4.       EXPENSES OF SALE: Seller shall pay for documentary stamps on
the deed, for recording any other instruments necessary to clear the title to
the Property, the cost of a completed Abstract of Title certified to date, and
at closing Seller shall credit Buyer an amount equal to outstanding balance of
Pelican Marsh CDD in excess of $42,000.00 by way of example: If the outstanding
balance of the special assessment after the 1999-2000 payment were $77,960.00,
Seller would credit Buyer amount equal to $35,960.00 on the closing statement.

                  Buyer shall pay for recording the deed, recertification of
the title, and Buyer's title insurance.

         5.       PRORATIONS: Except as otherwise specifically set forth
elsewhere herein, taxes, rents, operating and maintenance assessments for the
Pelican Marsh CDD (approximately $11,233.10 for 2000), and other expenses and
revenue of the Property shall be prorated as of midnight of the day of closing.
Estimated taxes for the year 2000 shall be prorated based upon the year 1999;
however, as the Building did not obtain a Certificate of Occupancy until
mid-1999, tax proration SHALL BE readjusted upon receipt of the actual tax bill
for the year 2000. The cash to close shall be increased or decreased as may be
required by any such prorations.

         6.       EVIDENCE OF TITLE: Seller shall deliver to Buyer's attorney or
other authorized representative within ten (10) days from the date of execution
of this Contract by Seller, an abstract of title, certified to date, showing
title to be good and marketable and a copy of Seller's title insurance policy.
Buyer, or its attorney, shall have fifteen (15) days for examination of the
title and if the title to the Property is found to be different than is set
forth or required in this Contract, then Buyer, or its attorney, shall notify
Seller, or its attorney, in writing of the defects and Seller shall have a
reasonable time to cure these defects. Seller agrees to make a diligent effort,
short of litigation, within a reasonable time to cure such defects; failure to
make same shall constitute a default under this Contract. Upon Seller's
inability to cure any defects within a reasonable time not to exceed thirty
(30) days, Buyer may elect to accept the Property in the existing condition or
Buyer may terminate this Contract and have its deposit returned. Buyer and
Seller acknowledge that the Property is subject to a lease wherein Seller is
the lessor, and Buyer is the lessee. The parties agree that at Closing the
Lease will merge with the title conveyed to Buyer, and be of no further force
and effect.
         7.       SURVEY: Seller shall provide Buyer with copies of all surveys
in its possession. Buyer may have the Property surveyed at its sole expense
which shall show existing road right-of-way, easements, encroachments,
elevations and a legal description of

                                       4

<PAGE>   6

the Property. If the survey, certified by a registered Florida Surveyor, shows
any encroachment on the Property or violates any of the covenants contained in
this Contract, the same shall be deemed a title defect, and the Seller shall
have the same time to remove said encroachment as this Contract allows to cure
defects of title without litigation. If the Seller shall fail to remove said
encroachments within said period of time, then at the option of the Buyer, all
deposits upon demand shall forthwith be refunded to the Buyer whereupon Buyer
and Seller shall be released of all further obligations under this Contract.

         8.       SELLER'S COVENANTS, REPRESENTATIONS AND WARRANTIES: As a
material inducement to Buyer to enter into this Contract, Seller hereby
covenants and/or represents and/or warrants to Buyer that to the best of
Seller's knowledge, that as of the date of this Contract and as of the closing
date as follows:

                  A.       Seller is the owner of the fee simple title to the
Property.

                  B.       Seller, represents that there are no actions, suits,
special assessments except for the herein referenced Pelican Marsh CDD
assessment, proceedings or investigations existing, pending or, to the best of
its knowledge, threatened affecting the Property in law or in equity before any
governmental department, community development district, board, agency or
instrumentality, or any private individual or entity, which involve the
possibility of any judgment, assessment, liability, or change of zoning against
the Property.

                  C.       Seller warrants that no leases, except the lease to
Buyer, are existent or enforceable on the Property. Seller shall hold Buyer
harmless and indemnify Buyer from all claims by lessees or putative lessees of
any part of the Property of the Building. This covenant shall survive the
closing.

                  D.       Except for ordinary and customary materials used in
construction, Seller has not utilized the Property, or any part thereof, to
treat, generate, deposit, store, dispose of, or place any hazardous substance
(as defined by 42 U.S.C. Section 9601(14) ), any solid or hazardous waste (as
defined by 42 U.S.C. Section 6901) or any petroleum product (as defined by
Section 376.301 (22), F.S.); nor has Seller authorized any other person or
entity to treat, generate, deposit, store, dispose of, or place any hazardous
substance (as defined above) or any petroleum product (as defined above) on the
Property, or any part thereof; and to the best of Seller's knowledge, no other
person or entity has treated, generated, deposited, stored, disposed of, or
placed any hazardous substance (as defined above) or any petroleum product (as
defined above), on the Property, or any part thereof, nor on any real property
adjacent to the Property. To the best of Seller's knowledge and belief, there
are no underground storage tanks of any kind located at the Property.

                  E.       The Property is in full compliance with all
construction and development approvals, permits, and requirements and all
building permits, applicable building codes, health, safety, and fire codes.

                                       5

<PAGE>   7

                  F.       That to the Sellers knowledge and belief, all of the
information, representations and warranties by Seller to Buyer as described in
this Contract and as provided by Seller to Buyer pursuant to the provisions of
this Contract are true, correct and complete, and it shall be a condition
precedent of Buyer's obligations to close that the same remain true, correct
and complete as of the closing.

9.       CONDITIONS PRECEDENT TO CLOSING: At Buyer's option, it shall be a
condition precedent to closing that:

                  A.       No material adverse change in the condition of the
Property shall have occurred since the date of this Contract, normal wear and
tear excepted.

                  B.       Seller's representations and warranties contained
herein shall be true and correct in all material respects as of the closing
date.

                  C.       The execution and delivery by Seller to Buyer of each
and every instrument required by this Contract.

         10.      DOCUMENTS AND OTHER ITEMS TO BE DELIVERED AT CLOSING BY
SELLER: The Seller shall at closing deliver the following to Buyer:

                  A.       A Statutory Warranty Deed from Seller conveying fee
simple title, subject only to those items set forth in this Contract, with
proof of corporate existence.

                  B.       A Bill of Sale with full warranties conveying title
to all personal property included in this sale.

                  C.       Any corrective instruments that may be required in
connection with perfecting the title to the Property.

                  D.       A No-lien affidavit, pursuant to the provisions of
this Contract, in form and substance reasonably acceptable to Buyer's counsel
and so as to provide an insured closing.

                  E.       A Non-foreign affidavit, as required by Internal
Revenue Code Section 1445.

                  F.       [DELETED]

                  G.       An assignment of all existing licenses and permits
which are assignable.

                                       6

<PAGE>   8

                  H.       An assignment all warranties and contract benefits
received by Seller from Boran Craig Barber Engel, the general contractor, its
subcontractors and suppliers.

                  I.       All other material documents as may reasonably be
required by Buyer's counsel to effectuate the consummation of this Contract.

                  J.       A closing statement reflecting the basis upon which
the credits, debits and adjustments to the cash to close were determined.

         11.      DEFAULT BY SELLER: If Seller should breach any of its
covenants, representations or warranties contained in this Contract, then after
notice to Seller, the full deposit shall, at the option of Buyer, be returned
to Buyer promptly on demand, provided, however, Buyer shall not thereby waive
any rights or remedies it may have because of such default by Seller, including
an action for specific performance or for damages as a result of the breach. If
Buyer elects to bring an action for specific performance the deposit shall
continue to be held by Escrow Agent until a final judgment has been entered.

         12.      DEFAULT BY BUYER: Provided Seller is not in default under this
Contract, if Buyer should breach any of its covenants, representations or
warranties contained in this contract, then after notice to Buyer the deposit
shall be paid to Seller by the Escrow Agent as liquidated damages. In the event
of any such default, Seller shall have no other remedy against Buyer, and upon
the payment of said deposit to Seller, this Contract shall be terminated,
whereupon Seller and Buyer shall be released of all further obligations under
this Contract.

         13.      ATTORNEYS' FEES: If any party defaults in the performance of
any of the terms, provisions, covenants or conditions of this Contract, or
breaches any representation or warranty made in this Contract, and by reason
thereof any party employs the services of an attorney to enforce performance or
to perform any service based upon any such default or breach, then, in any of
said events, the prevailing party shall be entitled to recover from the other
party reasonable attorneys' fees and all expenses and costs incurred by the
prevailing party pertaining thereto and in enforcement of any remedy, including
appellate proceedings.

         14.      SEPARABILITY AND DIVISIBILITY OF PROVISIONS: If any portion of
this Contract is determined to be unlawful or unenforceable, the remaining
portions hereof shall remain in full force and effect as if such unlawful or
unenforceable portion did not appear herein.

         15.      NOTICES:

                  A.       Method of Giving Notice.  All notices or other
communications permitted or required to be given under this Contract shall be
given in writing, and delivered

                                       7

<PAGE>   9

to the parties at their respective addresses (or sent to their fax numbers) as
set forth below, in one of the following ways, at the option of the party
giving the notice: (i) by hand delivery; (ii) by nationally recognized courier
service such as Federal Express; or (iii) by telecopy.

                  B.       Addresses/fax numbers for notices:

                  SELLER:              Philip J. McCabe, President
                                       Gulf Coast Commercial Corporation
                                       8665 Bay Colony Drive
                                       Naples, Florida 34108

                  With a Copy to:      Ronald W. Ritchie, Esq.
                                       5129 Castello Drive
                                       Naples, Florida 34103
                                       Telephone: (941) 435-1989
                                       Facsimile: (941) 435-1995

                  BUYER:               Richard E. Horne, President and CEO
                                       Marine National Bank of Naples
                                       Post Office Box 110699
                                       Naples, Florida 34108-0112

                  With a Copy to:      F. Joseph McMackin, III, Esquire
                                       Quarles & Brady LLP
                                       4501 North Tamiami Trail, Suite 300
                                       Naples, Florida 34103
                                       Telephone: (941) 434-4901
                                       Facsimile: (941) 434-4999

                  IF TO ESCROW AGENT:  F. Joseph McMackin, III, Esquire
                                       Quarles & Brady LLP
                                       4501 North Tamiami Trail, Suite 300
                                       Naples, Florida 34103
                                       Telephone: (941) 434-4901
                                       Facsimile: (941) 434-4999

                  C.       Effective Date of Notices: Notices delivered by hand
delivery shall be effective on the date delivered to the recipient. Notices
delivered by a nationally recognized overnight courier service, such as Federal
Express, shall be effective on the date deposited with the courier. Notices
sent by telecopy shall be effective on the date transmitted and received,
provided that receipt occurs before 5:00 P.M. on a business day. If the last
day for giving any notice or performing any act under this Contract falls on a
Saturday, Sunday or a day in which the United States Post Office is not open,
the time shall be extended to the next day that is not a Saturday, Sunday, or
Post Office holiday.

                                       8

<PAGE>   10

                  D.       Change of Address for Recipient: Any party wishing to
change the person designated to receive notices or addresses for notices may do
so by complying with the provisions of this paragraph. Any notice given before
such change is not invalidated by the change.

         16.      FURTHER ASSURANCES: Seller and Buyer agree that at any time,
and from time to time, before and after the closing, they will on request of
another party, execute and deliver such further documents and do such further
acts and things as such other party may reasonably request in order to fully
effectuate the intent and purposes of this Contract.

         17.      ASSIGNABILITY: Buyer shall have the right and authority to
assign this Contract and all of the Buyer's rights hereunder to any other
person, partnership, corporation or other entity. Provided however that such
assignee must be owned or controlled by the shareholders of the Buyer listed at
the beginning of this Contract. Upon any such assignment being accomplished,
such assignee shall succeed to all of the rights, privileges and obligations of
Buyer hereunder and shall for all purposes be substituted for and be deemed to
be the Buyer hereunder, after which the original Buyer identified in this
Contract shall be relieved of all further responsibility and liability
hereunder.

         18.      TIME IS OF THE ESSENCE: Time is of the essence of this
Contract and each of the covenants and provisions hereof.

         19.      CLOSING DATE: The sale and purchase of the Property as
described in this Contract shall be closed and the deed and all other closing
papers executed and delivered on, or before by mutual agreement of the parties,
thirty (30) days after the expiration of the Investigation Period, but in no
event before March 31, 2000. Said date and/or the act of closing is herein
sometimes referred to as the "Closing" or "Closing Date".

         20.      PLACE OF CLOSING: The sale and purchase of the Property shall
be closed at the offices of Quarles & Brady, 4501 Tamiami Trail North, Suite
300, Naples, Florida 34103.

         21.      REAL ESTATE BROKER'S COMMISSION: Buyer represents that it has
not had any negotiations or relationships with any brokers regarding the Marine
National Bank Building. Seller represents that it has not had any negotiations
or relationships with any brokers regarding this sale of the Marine National
Bank Building to this Buyer. Thus, the parties understand that there is no
broker involved in this sale.

         22.      ESCROW AGENT:

                  A.       The parties agree the Escrow Agent shall be Quarles
& Brady, 4501 Tamiami Trail North, Naples, Florida 34103. (the "Escrow Agent").

                                       9

<PAGE>   11

                  B.       The Escrow Agent shall hold in escrow the deposit.
If requested by Buyer, all cash received by the Escrow Agent shall be placed in
an interest bearing account, and such account must allow withdrawal of all
funds upon one (1) day notice or less. The interest earned on such funds shall
be paid at such time that the Escrow Agent disburses the principal amount of
the deposit, and the interest shall be paid to the Buyer, except in the case of
Buyer's default. The Buyer shall be responsible for the expenses of such
account.

                  C.       It is agreed the duties of the Escrow Agent are
purely ministerial in nature, and that the Escrow Agent shall incur no
liability whatsoever except for willful misconduct or gross negligence so long
as the Escrow Agent has acted in good faith. The parties release the Escrow
Agent from any act done or omitted to be done by the Escrow Agent in good faith
in the performance of the Escrow Agent's duties hereunder, except for wilful
misconduct or gross negligence.

                  D.       If the parties be in disagreement about the
interpretation of this Contract, or about the rights and obligations, or the
propriety of any action contemplated by the Escrow Agent hereunder, the Escrow
Agent may, at its sole discretion, file an action in interpleader to resolve
the said disagreement. The Escrow Agent shall be indemnified for all costs,
including reasonable attorneys' fees, in connection with the aforesaid
interpleader action, and shall be fully protected in suspending all or a part
of its activities under this Contract until a final judgment in the
interpleader action is received.

                  E.       The Escrow Agent may consult with the counsel of its
own choice and shall have full and complete authorization and protection for
any action taken or suffered by it hereunder, except for wilful misconduct or
gross negligence, so long as the Escrow Agent has acted in good faith and in
accordance with the opinion of such counsel. The Escrow Agent shall otherwise
not be liable for any mistakes of fact or error of judgment, or for any acts of
omissions of any kind unless caused by its willful misconduct or gross
negligence.

                  F.       The Escrow Agent may resign upon ten (10) days'
written notice to the parties in this Contract. Ronald W. Ritchie shall then
become successor Escrow Agent.

                  G.       The Seller acknowledges that the Escrow Agent is the
attorney of the Buyer, but that acting as escrow agent hereunder shall in no
way be deemed or construed a conflict of interest.

         23.      IRC Section 1031. Seller represents that it intends to qualify
the sale of the Property as a "like-kind exchange" under Internal Revenue Code
Section 1031, and Buyer agrees to cooperate in the execution of such documents
as are required in connection therewith. Seller shall reimburse Buyer for all
additional costs generated as a result of this exchange including attorneys'
fees.

         24.      PERSONS BOUND: This Contract shall be binding upon and shall
inure to or otherwise accrue to the benefit of the respective heirs, personal
representatives, successors and assigns of the parties hereto. Whenever the
context permits, the singular shall include the plural, the plural shall include
the singular and the use of any gender shall include all other genders.

                                       10

<PAGE>   12

         25.      ENTIRE AGREEMENT: MODIFICATIONS: This Contract embodies and
constitutes the entire understanding among the parties with respect to the
transaction contemplated herein, and all prior and contemporaneous agreements,
understandings, representations and statements, oral or written are merged into
this Contract. Neither this Contract, nor any provision hereof, may be waived,
modified, amended, discharged or terminated, except by an instrument in writing
signed by the party against which enforcement of such waiver, modification,
amendment, discharge or termination is sought and then only to the extent
specifically set forth in such written instrument.

         26.      CAPTIONS: The captions and title of the various paragraphs in
this Contract are for convenience and reference only and in no way define,
limit or describe the scope or intent of this Contract, nor in any way affect
this Contract.

         27.      HANDWRITTEN PROVISIONS: Handwritten provisions inserted herein
or attached hereto that have been initialed by the parties hereto shall control
all typewritten provisions in conflict therewith.

         28.      COUNTERPARTS: To facilitate the execution of this Contract any
number of counterparts of this Contract maybe executed and delivered.

29.      CONSTRUCTION OF CONTRACT: Each party acknowledges that all parties to
this Contract participated equally in the drafting of this Contract and that it
was negotiated at arms length. Accordingly, no Court construing this Contract
shall construe it more strongly against one than another.

         30.      DISCLOSURES:

                  A.       Radon Gas: Radon is a naturally occurring radioactive
gas that, when it has accumulated in a building in sufficient quantities, may
present health risks to persons who are exposed to it over time. Levels of
radon that exceed federal and state guidelines have been found in buildings in
Florida. Additional information regarding radon and radon testing may be
obtained from the Collier County Public Health Unit.

                  B.       Energy Efficiency: Buyer may have determined the
energy efficiency rating of the Building located on the Property.

         31.      PERIOD OF OFFER AND EFFECTIVE DATE: This offer (or any counter
offer) is revoked if not accepted and notice of acceptance delivered to offer
or within five (5) days of receipt of the offer. The Effective Date of this
Contract shall be the last time either the Buyer or Seller signs or initials
this Contract. Initialed changes must be dated or the latest date set forth on
this Contract shall be deemed to be the Effective Date. A facsimile shall be
deemed an original and offer or acceptance thereby is binding.

                                       11

<PAGE>   13

         IN WITNESS WHEREOF, the parties have entered into this Contract
effective as of the date as defined in this Contract.

WITNESSES:                                BUYER
                                          (Corporate Seal)

                                          MARINE NATIONAL BANK OF
                                          NAPLES, a national banking association
As to Buyer:
                                          By: /s/ Richard E. Horne
                                             -----------------------------------
---------------------------                  Richard E. Horne, President and CEO
                                          Date signed by Buyer: March_____, 2000
---------------------------

WITNESSES:                                SELLER
                                          (Corporate Seal)

                                          GULF COAST COMMERCIAL
                                          CORPORATION, a Florida corporation

As to Seller:                             By: /s/ Philip J. McMace
                                             -----------------------------------
                                             Philip J. McCabe, President
---------------------------               Date signed by Seller: March 3, 2000

---------------------------

                                       12

<PAGE>   14

                                DEPOSIT RECEIPT

Receipt of the initial deposit is acknowledges by direct deposit to trust
account this _____ day of March, 2000, to be held in escrow per terms and
conditions set forth in this Contract.

QUARLES & BRADY LLP

By: /s/ F. Joseph McMackin, III
   ------------------------------------
   F. Joseph McMackin, III, Partner

                                       13

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