I have never seen that second picture on the intro screen, which leads me to suspect that the issue is an incomplete installation of some sort. On your last screen I notice that agerc.dll is 475 KB, but in my installation (which I did not get from f95zone) it is 418 KB. That might not be very significant though.
I think the main issue is that I see a lot of files in your installation directory, that are in "patch" folder for me, such as fainit, addexp, addstock. So I suspect that one of the patches is wrong installed, leading to the constant crashes, since the .exe can't find the files where it is looking for them.
My patch folder has 556 files, most of them .agf and .bin files, while my main folder has about 250 (including uninstalls and the like). So it seems like one of the append disks did not install properly. So best bet may be to reinstall the game.