Document:

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                                                            Exhibit 4.2(a)

                                  WARRANT PLAN
                                       AS
                        ADOPTED BY THE BOARD OF DIRECTORS
                                       OF
                     FLORIDA COASTLINE COMMUNITY GROUP, INC.
                                       ON

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                                    ARTICLE I
                               PURPOSE OF THE PLAN

         The Board of Directors of FLORIDA COASTLINE COMMUNITY GROUP, INC.
("Company") has determined that it is in the best interests of the Company to
issue Warrants to purchase the Company's Common Stock in connection with the
Company's initial public offering of Common Stock. The Company proposes to issue
1,000,000 shares of Common Stock in such initial public offering. Additionally,
the Company will issue Warrants to purchase 75,000 shares of which will not be
included for registration in such initial public offering Common Stock. Each
Warrant will entitle the holder thereof to purchase that number of shares of
Common Stock indicated on the Warrant Certificate of Common Stock. Therefore the
Board of Directors, in order to provide for the above, has adopted this Warrant
Plan ("Plan") on the date set forth herein.

         The Company's Board of Directors and its initial stockholders have
adopted this Plan to compensate its organizers for their efforts in establishing
the strategic plan for Florida Coastline National Bank (the "Bank") and in
causing the initial funding of the organization of the Company and the Bank.
Hans C. Mueller, Maria T. Alvarez, Juergen Eisermann, M.D., Lawrence Feldman,
M.D., Patricia Greenberg, Robert Harden, Tamas Kallos, M.D., Duffield Matson,
Linda Marraccini, M.D., James C. Merrill, III, Kaye Pearson, Norman C. Powell,
Esq., George Quintairos, Esq., Mary Lou Rodon-Alvarez, Esq., Steve Sapp, CPA,
Jose Sirven, Esq., Stephen D. Taylor, Erik Van Ginkel, M.D., and Hugh L. Wood,
Esq., the Company's initial organizers, have been granted Organizer's Warrants
as recognition for their efforts to establish a strategic plan for the formation
of the Bank and for their funding of the initial organizational expenses of the
Bank and the Company.

                                   ARTICLE II
                                SCOPE OF THE PLAN

SECTION 1.  DEFINITIONS.

         Unless the context clearly indicates otherwise, the following terms
have the meanings set forth below:

         a.       "Board" means the Board of Directors of the Company.

         b.       "Common Stock" means the $0.01 par value common stock of the
                  Company.

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         c.       "Expiration Date" shall mean the earlier of (i) 5:00 p.m.
                  Eastern Standard Time on the tenth anniversary of the date of
                  the Warrants are issued which is proposed to be the date on
                  which the Bank opens for business or (ii) one (1) year after
                  the holder of the warrant ceases to be an officer or director
                  of the Company.

         d.       "Plan" means this Warrant Plan as adopted by the Board on
                  March 8, 2001, as set forth herein and as amended from time to
                  time.

         e.       "Warrant" means the right to purchase shares of Common Stock.

         f.       "Warrant Certificate" means the evidence of ownership of the
                  Warrant, as executed and issued by the Company in
                  substantially the form attached hereto as Exhibit A.

         SECTION 2. FORM OF WARRANTS. The certificates evidencing the Warrants
(the "Warrant Certificates") shall be substantially in the form set forth in
Exhibit A attached hereto, and may have such letters, numbers or other marks of
identification or designation and such legends, summaries or endorsements
printed, lithographed or engraved thereon as the Company may deem appropriate
and as are not inconsistent with provisions of this Plan, or as may be required
to comply with any law, or with any rule or regulation made pursuant thereto, or
to conform to usage. Each Warrant Certificate shall entitle the registered
holder thereof, subject to the provisions of this Agreement and of such Warrant
Certificate, to purchase the number stated therein of fully paid and
non-assessable shares of Common Stock evidenced by such Warrant Certificate, at
$10.00 per share.

         SECTION 3. ISSUANCE OF WARRANTS. The Warrant Certificates when issued
shall be dated and signed on behalf of the Company, manually or by facsimile
signature, by its Chairman of the Board or President, and by its Secretary or an
Assistant Secretary under its corporate seal, if any. The seal of the Company,
if any, may be in the form of a facsimile thereof and may be impressed, affixed,
imprinted or otherwise reproduced on the Warrants.

         SECTION 4. REGISTRATION OF WARRANT CERTIFICATES; REGISTERED OWNERS. The
Company shall maintain or cause to be maintained books for registration of
ownership of the Warrant Certificates issued hereunder. Such books shall show
the names and addresses of the respective holders of the Warrant Certificates
and the number of Warrants evidenced by each such Warrant Certificate. The
Company may deem and treat the registered holder of a Warrant Certificate as the
absolute owner thereof and of the Warrants evidenced thereby thereon made by
anyone, for all other purposes, the contrary (notwithstanding any notation of
ownership or other writing for the purpose of any exercise of such Warrants and
the Company shall not be affected by any notice to the contrary).

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         SECTION 5. MUTILATED, DESTROYED, LOST OR STOLEN WARRANT CERTIFICATES.
Upon receipt by the Company of evidence reasonably satisfactory to them of the
loss, theft, destruction or mutilation of any Warrant Certificate, and, in the
case of loss, theft or destruction, receipt by the Company of indemnity or
security reasonably satisfactory to them, and reimbursement to them of all
reasonable expenses incidental thereto, and, in the case of mutilation, upon
surrender and cancellation of the Warrant Certificate, the Company shall deliver
a new Warrant Certificate of like tenor representing in the aggregate the same
number of Warrants.

         SECTION 6. PAYMENT OF TAXES. With respect to any Warrant, the Company
will pay all documentary stamp taxes attributable to the initial issuance of
shares of Common Stock upon the exercise of the Warrant; provided, however, that
the Company shall not be required to pay any tax or taxes which may be payable
in respect of any transfer involved in the issue of any Warrant or any
certificates for shares of Common Stock in a name other than that of the
registered holder of the Warrant or Warrant Certificate surrendered upon the
exercise of a Warrant, and the Company shall not be required to issue or deliver
such Warrant or certificates unless or until the person or persons requesting
the issuance thereof shall have paid to the Company the amount of such tax if
any, or shall have established to the satisfaction of the Company that such tax
if required, has been paid.

         SECTION 7. EXERCISE, PURCHASE PRICE AND DURATION OF WARRANT. Subject to
the provisions of this Agreement, the holder of a Warrant shall have the right
to purchase from the Company (and the Company shall issue and sell to that
holder) the number of fully paid and non-assessable shares of Common Stock
indicated on the Warrant Certificate at the initial exercise price of $10.00 per
share (subject to adjustment as provided in Section 9 hereof). The holder may
surrender the Warrant Certificate evidencing such right to purchase Common Stock
on any business day subsequent to the first anniversary date of the opening of
the Company's subsidiary bank (the date when these Warrants first become
exercisable) and prior to 5:00 p.m. Eastern Standard Time on the Expiration
Date. The exercising holder shall duly complete and execute the Form of Election
to Exercise on the reverse thereof, and pay the Exercise Price in lawful money
of the United States of America in cash or by cashiers' or certified check
payable to the Company. The exercise price and the shares of Common Stock
issuable upon exercise of a Warrant shall be subject to adjustment from time to
time in the manner specified in Section 9 and, as initially established or as so
adjusted, are referred to herein as the "Exercise Price" and the "Shares,"
respectively. The Warrants shall be so exercisable either as an entirety or from
time to time in part at the election of the registered holder thereof except
that the Company shall not be required to issue certificates in denominations of
less than fifty (50) shares. In the event that fewer than all shares evidenced
by a Warrant Certificate are exercised at any time prior to 5:00 p.m. Eastern
Standard Time on the Expiration Date a new Warrant Certificate will be issued
for the shares not purchased.

         No payments or adjustments shall be made for any cash dividends,
whether paid or declared, on Shares issuable on the exercise of a Warrant.

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         No fractional shares of Common Stock shall be issued upon exercise of a
Warrant, but, in lieu thereof, there shall paid to the registered holder of the
Warrant Certificate evidencing such right to purchase Common Stock or other
person designated on the Form of Election to Exercise as soon as practicable
after date of surrender, an amount in cash equal to the fraction of the current
market value of a share of Common Stock equal to the fraction of a share to
which such Warrant related. For such purpose, the current market value of a
share of Common Stock shall be the book value of the Common Stock as of the last
day of the month immediately preceding the date of the Election to Exercise.

         Subject to Section 6 hereof, upon surrender of a Warrant Certificate,
with the Form of Election to Exercise duly completed and executed, together with
payment of the Exercise Price, the Company shall issue and deliver the full
number of Shares issuable upon exercise of the Warrant tendered for exercise.
Shares shall be deemed to have been issued, and any person so designated by the
registered holder shall be deemed to have become the holder of record of a
Share, as of the date of the surrender of the Warrant Certificate to which the
Share relates and payment of the appropriate Exercise Price; provided, however,
if the date of surrender of a Warrant Certificate shall occur within any period
during which the transfer books for the Company's Common Stock are closed for
any purpose, such person shall not be deemed to have become a holder of record
of a Share until the opening of business on the day of reopening said transfer
books, and certificates representing such Shares shall not be issuable until
such day.

         SECTION 8. RESERVATION OF SHARES. The Company will at all times reserve
and keep available out of the aggregate of its authorized but unissued Common
Stock a number of shares sufficient to enable for the it to satisfy any
obligation to issue Shares upon exercise of Warrants, through the close of
business on the Expiration Date.

         The Company covenants that all Shares issued upon exercise of the
Warrants will, upon issuance in accordance with the terms of this Agreement, be
fully paid and non-assessable.

         The shares allocated for such Warrants will not be included for
Registration under the Securities Act of 1933, and Rule 415 adopted thereunder,
in a registration of securities expected to be filed by the Company with the
Securities and Exchange Commission in March 2001.

         SECTION 9. ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF SHARES
PURCHASABLE. The Exercise Price and the number of Shares which may be purchased
upon the exercise of each Warrant are subject to adjustment from time to time
upon the occurrence, after the date hereof, if the Company shall (i) declare a
dividend on the Common Stock payable in shares of common stock, (ii) subdivide
the outstanding Common Stock into a greater number of shares or (iii) combine
the outstanding Common Stock into a smaller number of shares, then the Exercise
Price in effect on the record date for that dividend or on the effective date of
that subdivision or combination, and/or the number and kind of shares of capital
stock issuable on that date, shall be proportionately adjusted so that the
holder of

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any Warrant exercised after such time shall be entitled to receive solely the
aggregate number and kind of shares of capital stock which, if the Warrant had
been exercised immediately prior to that date, such holder would have owned upon
exercise and been entitled to receive by virtue of that dividend, subdivision,
or combination. The foregoing adjustments shall be made by the Company
successively whenever any event listed above shall occur.

         SECTION 10. NOTICES TO WARRANT HOLDERS. Upon any adjustment to the
Exercise Price pursuant to Section 10 hereof, the Company within twenty calendar
days thereafter shall cause to be given to the registered holders of outstanding
Warrant Certificates at their respective addresses appearing on the Warrant
Certificate register written notice of the adjustments by first-class mail,
postage prepaid. Where appropriate, the notice may be given in advance and
included as a part of the notice required to be mailed under the other
provisions of this Section 10.

         Notice of any supervisory order regarding the capitalization of the
Bank, shall be delivered in the same manner within three (3) business days of
the Company's receipt of such notice.

         SECTION 11. TRANSFER. The Warrants may not be assigned or transferred
(except pursuant to applicable laws of descent and distribution) and any
purported transfer shall be null and void and of no effect.

         SECTION 12. SUPPLEMENTS AND AMENDMENTS. The Company may from time to
time supplement or amend this Agreement without the consent or concurrence of or
notice to any holders of Warrant Certificates or Warrants in order to cure any
ambiguity, to correct or supplement any provision herein which may be
inconsistent with any other provision herein, to correct any defective
provision, clerical omission, mistake or manifest error herein contained, or to
make any other provision with respect to matters or questions arising under this
Agreement which shall not be inconsistent with the provisions of the Warrant
Certificates; provided that such action shall not adversely affect the interests
of the holders of the Warrant Certificates or Warrants. Other amendments to this
Agreement may be approved by a vote of at least a majority of the Company's
shares.

         SECTION 13. GOVERNING LAW. This Plan and each Warrant Certificate
issued hereunder shall be deemed to be a contract made under the laws of the
State of Florida and for all purposes shall be governed by, construed and
enforced in accordance with the laws of said State.

         SECTION 14. BENEFITS OF THIS PLAN. Nothing in this Plan shall be
construed to give to any person or corporation other than the Company and the
registered holders of the Warrant Certificates or Warrants any legal or
equitable right, remedy or claim under this Plan; this Plan shall be for the
sole and exclusive benefit of the Company and the registered holders of the
Warrant Certificates.

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         SECTION 15. RIGHTS OF PRIMARY FEDERAL BANKING REGULATOR. The rights and
obligations of all option holders pursuant to this Plan shall be subject to the
right of the primary federal banking regulator of the Bank to require that the
option holders either exercise or forfeit their rights to purchase stock
hereunder upon a finding by such primary federal banking regulator that the
Bank's capital has fallen below the minimum requirements as determined by the
Bank's primary federal banking regulator.

                                       -6-

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                     FLORIDA COASTLINE COMMUNITY GROUP, INC.
                               WARRANT CERTIFICATE

Certificate No.__________                             Number of Shares:  ______

                       WARRANT CERTIFICATE FOR PURCHASE OF
             COMMON STOCK OF FLORIDA COASTLINE COMMUNITY GROUP, INC.
             (See Reverse Side for Summary of Terms of Warrant Plan)

         THIS CERTIFIES THAT, for value received, ___________________________,
is the owner of this Warrant which entitles the owner to purchase, subject to
the terms and conditions hereof and of the Warrant Plan referred to herein, at
any time after the date hereof and prior to the Expiration Date (as herein
defined), the number of shares of Common Stock as set forth above, par value
$0.01 per share ("Shares"), of FLORIDA COASTLINE COMMUNITY GROUP, INC., a
Florida corporation ("Company") at $10.00 per share ("Exercise Price"), payable
in cash, or by cashiers check or other official bank check, payable to the
Company. The Warrant may be exercised by delivery and surrender of this Warrant
Certificate, along with the form of Election to Exercise on the reverse hereof
duly completed and executed together with payment of the Exercise Price at the
office of the Company or its duly appointed agent.

         This Warrant Certificate and the Warrant represented hereby are issued
pursuant to and are subject to all of the terms, provisions and conditions of
that certain Warrant Plan dated as of March 8, 2001, (hereinafter called the
"Warrant Plan"), adopted by the Company, to all of which terms, provisions and
conditions the registered holder of this Warrant Certificate consents by
acceptance hereof. The Warrant Plan and the summary of its terms set forth on
the reverse side of this Warrant Certificate are hereby incorporated into this
Warrant Certificate by reference and made a part hereof. The Warrant Plan sets
forth the terms and conditions under which the exercise price for a Warrant, the
number of shares to be received upon exercise of a Warrant, or both, may be
adjusted. Reference is hereby made to the Warrant Plan for a full description of
the rights, limitations of rights, obligations, duties and immunities hereunder
of the Company and the holders of the Warrant Certificates or Warrants. In the
event of any conflict between the provisions of this Warrant Certificate and the
Warrant Plan, the provisions of the Warrant Plan shall control.

         Copies of the Warrant Plan are available for inspection at the
Company's Office, or may be obtained upon written request addressed to the
Secretary, FLORIDA COASTLINE COMMUNITY GROUP, INC., 8720 North Kendall Drive,
Miami, Florida 33176. The Company shall not be required upon the exercise of the
Warrants evidenced by this Warrant Certificate to issue fractions of Warrants or
Shares, but shall make adjustments therefor in cash on the basis of the then
current market value of any fractional interest as provided in the Warrant Plan.

                                       -7-

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         The rights to purchase shares of Common Stock evidenced by this Warrant
Certificate shall expire at 5:00 p.m. Local Time on the "Expiration Date" (as
defined in the Warrant Plan).

         IN WITNESS WHEREOF, FLORIDA COASTLINE COMMUNITY GROUP, INC. has caused
this certificate to be executed by the signature of its duly authorized officers
and has caused its corporate seal to be hereunto affixed.

Dated: __________________

                                            SEAL

_________________________, Director         _______________________, Secretary

                                       -8-

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                     FLORIDA COASTLINE COMMUNITY GROUP, INC.
                        SUMMARY OF TERMS OF WARRANT PLAN

         The Company's Board of Directors and its initial stockholder have
adopted a Warrant Plan to compensate its organizers for their efforts in and
funding of the organization of the Company and Florida Coastline National Bank
(the "Bank"). The exercise price of the Warrants will be $10 per share, the
offering price of the Common Stock being offered pursuant to the Company's
Prospectus. The Warrants will be non- transferable and will vest immediately and
will have a term of ten (10) years from the issuance date at which time they
will expire.

         The Warrant Plan also provides that, upon the occurrence of certain
events, the initial exercise price set forth on the face of this Warrant
Certificate may, subject to specified conditions, be adjusted (such exercise
price, as initially established or as adjusted from time to time, is referred to
herein as the "Exercise Price"). If the Exercise Price is adjusted, the Warrant
Plan provides that the number of shares which can be purchased upon the exercise
of each Warrant represented by this Warrant Certificate and the type of
securities or other property subject to purchase upon the exercise of each
Warrant represented by this Warrant Certificate are subject to modification or
adjustment.

         The right to purchase shares of Common Stock evidenced by this Warrant
Certificate shall be exercisable until 5:00 p.m. Local Time on the Expiration
Date (as defined in the Warrant Plan).

         In the event that upon any exercise the number of shares of Common
Stock purchased shall be fewer than the total number of shares of Common Stock
that the holder may purchase pursuant to the Warrant, there shall be issued to
the holder hereof a new Warrant Certificate evidencing the right to purchase
those shares Common Stock not purchased in the exercise of this Warrant.

         No payment or adjustment will be made for any cash dividends, whether
paid or declared, on any shares issuable upon exercise of a Warrant. The Company
shall not be required to issue fractions of shares or any certificates which
evidence fractional shares. In lieu of a fractional share, if any, there shall
be paid to the registered holder of a Warrant with regard to which the
fractional share would be issuable, an amount in cash equal to the same fraction
of the current market value (as determined pursuant to the Warrant Plan) of a
share.

         The Company may deem and treat the registered holder of any Warrant
Certificate as the absolute owner thereof and of the Warrants represented by
such Warrant Certificate (notwithstanding any notation of ownership or other
writing thereon made by anyone) for the purposes of any exercise of such
Warrants and for all other purposes, and the Company shall not be affected by
any notice to the contrary.

         Prior to the exercise of the right to purchase shares of Common Stock
represented hereby, the registered holder of this Warrant Certificate, shall not
be entitled to vote on or be deemed the holder of Common Stock or any other
securities of the Company which may at any time be issuable on the exercise
hereof for any purpose, and nothing contained in the Warrant Plan or herein
shall be construed to confer upon the holder of this Warrant Certificate, any of
the rights of a stockholder of the Company or any right to vote for the election
of directors or upon any matter submitted to stockholders at any meeting
thereof, or to give or withhold consent to any corporate action (whether upon
any recapitalization, issue of stock, reclassification of stock, change of par
value or change of stock to no par value, consolidation, merger, conveyance or
otherwise) or to receive notice of meetings or other actions affecting
stockholders or to receive dividends or subscription rights or otherwise.

         The holder of a Warrant shall be subject to exercise or forfeit their
stock rights, upon the Bank's primary federal regulator to require that the
warrant holder exercise or forfeit his right to purchase stock under the Warrant
Plan if the primary federal regulator determines that the bank's capital has
fallen below the minimum requirement.

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         This Warrant Certificate, together with other Warrant Certificates, may
be exchanged by the registered holder for another Warrant Certificate or
Certificates of different denominations, of like tenor and representing in the
aggregate Warrants equal in number to the same full number of Warrants
represented by this Warrant Certificate and any other Warrant Certificate so
exchanged.

                                      -10-

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                     FLORIDA COASTLINE COMMUNITY GROUP, INC.
                                  WARRANT PLAN

                              ELECTION TO EXERCISE

         The undersigned hereby irrevocably elects to exercise ____________
Warrants evidenced by this Warrant Certificate, to purchase ___________ full
shares of the Common Stock of the Company ("Shares") and herewith tenders
payment for such Shares in the amount of $_____________ in accordance with the
terms hereof. The undersigned hereby acknowledges receipt of a Prospectus,
including amendments and supplements thereto relating to the Offering of the
Common Stock to be acquired in connection with this transaction. The undersigned
requests that a certificate representing such shares be registered in the name
of __________________________________________ and that the Certificate be
delivered to ____________________________________________, whose address is
____________________________________________________. If said Shares are fewer
than all the Shares purchasable hereunder, the undersigned requests that a new
Warrant Certificate evidencing the right to purchase the balance of the shares
be registered in the name of ____________________, whose address is
____________________________________________ and delivered to ________________
address is __________________________________________________.

                                         Dated: __________________, 200_.

                                         ________________________________
                                              Social Security Number

Name of Registered Holder of Warrant

                                                     (Please Print)

Address:
                                                     (Please Print)

Signature

         NOTE: The above signature must correspond with the name as written upon
         the face of the Warrant Certificate in every particular, without
         alteration or enlargement or any change whatever. If the holder hereof
         is hereby electing to exercise fewer than all Warrants represented by
         this Warrant Certificate and is requesting that a new Warrant
         Certificate evidencing the Warrants not exercised be registered in a
         name other than that in which this Warrant Certificate is registered,
         the signature of the holder of this Warrant Certificate must be
         guaranteed.

Signature Guaranteed:

                                      -11-<PAGE>   1
                                                                 Exhibit 4.3(a)

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

                                    ARTICLE I

                                     GENERAL

1.1      PURPOSE OF THE PLAN.

         The purpose of the FLORIDA COASTLINE COMMUNITY GROUP, INC. 2001
Incentive Stock Option Plan (the "Plan") is to assist FLORIDA COASTLINE
COMMUNITY GROUP, INC. (the "Company") to promote equity ownership of the Company
by selected officers and employees of the Company and Florida Coastline National
Bank (the "Bank"), to increase their proprietary interest in the success of the
Company and to encourage them to remain in the employ of the Company.

1.2      DEFINITIONS.

         (a) "ACCELERATION EVENT" means any event which in the opinion of the
Board of Directors of the Company is likely to lead to changes in control of
share ownership of the Company, whether or not such change in control actually
occurs.

         (b) "BOARD OF DIRECTORS" or "BOARD" means the Board of Directors of the
Company.

         (c) "CODE" means the Internal Revenue Code of 1986, as amended, and any
successor thereto, together with rules, regulations and interpretations
promulgated thereunder.

         (d) "COMMITTEE" it means the committee referred to in Section 1.3.

         (e) "COMMON STOCK" means the common stock of the Company having a par
value of $.01 per share.

         (f) "FAIR MARKET VALUE" means the closing "asked" price of the shares
of Common Stock in the over-the-counter market on the day on which such value is
to be determined or, if such "asked" price is not available, the last sales
price on such day or, if no shares were traded on such day, on the next
preceding day on which the shares were traded, as reported by the National
Association of Securities Dealers Automatic Quotation System (NASDAQ) or other
quotation service. If the shares are listed on a National Securities Exchange,
"fair market value" means the closing price of the shares of Common Stock on
such National Securities Exchange on the day on which such value is to be
determined or, if no shares were traded on such day, on the next preceding day
on which shares were traded, as reported by National Quotation Bureau, Inc. or
other national quotation service. If at any time shares of Common Stock are not
traded on an exchange or in the over-the-counter market, Fair Market Value shall
be the value determined by the Board of Directors or Committee

                                       -1-

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                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

administering the Plan, taking into consideration those factors affecting or
reflecting value which they deem appropriate.

         (g) "INCENTIVE STOCK OPTION" means an option to purchase shares of
Common Stock which is intended to qualify as an incentive stock option as
defined in Section 422A of the Code.

         (h) "KEY EMPLOYEE" means any person, including officers and directors,
in the regular employment of the Company or its Subsidiaries who is designated a
Key Employee by the Committee and is or is expected to be primarily responsible
for the management, growth, or supervision of some part or all of the business
of the Company or its Subsidiaries. The power to determine who is and who is not
a Key Employee is reserved solely for the Committee.

         (i) "NONQUALIFIED STOCK OPTION" means an option to purchase shares of
Common Stock which is not intended to qualify as an Incentive Stock Option as
defined in Section 422A of the Code.

         (j) "OPTION" means an Incentive Stock Option or a Nonqualified Stock
Option.

         (k) "OPTIONEE" means a Key Employee to whom an Option is granted under
the Plan.

         (1) "PARENT" means any corporation which qualifies as a parent of a
corporation under the definition of "parent corporation" contained in Section
425(e) of the Code.

         (m) "SUBSIDIARY" means any corporation which qualifies as a subsidiary
of a corporation under the definition of "subsidiary corporation" contained in
Section 425(f) of the Code.

         (n) "TERM" means the period during which a particular option may be
exercised as determined by the Committee and as provided in the option
agreement.

1.3      ADMINISTRATION OF THE PLAN.

         The Plan shall be administered by the Company's Compensation Committee
(the "Committee") appointed from time to time by the Board of Directors and is
comprised of at least two (2) non-employee directors who qualify to administer
the Plan as contemplated by Rule 16b-3 of the Securities Exchange Act of 1934 or
any successor. No person while a member of the Committee shall be eligible to
participate in the Plan. Subject to the control of the Board, and without
limiting the control over decisions described in Section 1.7, the Committee
shall have the power to interpret and apply the Plan and to make regulations for
carrying out its purpose. More particularly, the Committee shall determine which
Key Employees shall be granted Options under the Plan, the number of shares
subject to each Option, the price per share under each Option, the Term of each

                                       -2-

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                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

Option, and any restrictions on the exercise of each Option. When granting
Options, the Committee shall designate the Option as either an Incentive Stock
Option or a Nonqualified Stock Option. Determinations by the Committee under the
Plan (including, without limitation, determinations of the person to receive
Options, the form, amount and timing of such Options, and the terms and
provisions of such Options and the agreements evidencing same) need not be
uniform and may be made by it selectively among persons who receive, or are
eligible to receive, Options under the Plan, whether or not such persons are
similarly situated.

1.4      SHARES SUBJECT TO THE PLAN.

         The total number of shares that may be purchased pursuant to Options
under the Plan shall not exceed 100,000 shares of Common Stock. Shares subject
to the Options which terminate or expire prior to exercise shall be available
for future Options. Shares issued pursuant to the Plan may be either unissued
shares of Common Stock or reacquired shares of Common Stock held in treasury.

1.5      TERMS AND CONDITIONS OF OPTIONS.

         All Options shall be evidenced by agreements in such form as the
Committee shall approve from time to time subject to the provisions of Article
II or Article III hereof, as appropriate, and the following provisions:

         (a) EXERCISE PRICE. Except as provided in Section 3.1(c), the exercise
price of the Option shall not be less than the Fair Market Value (as determined
by the Committee) of the Common Stock at the time the Option is granted.

         (b) EXERCISE. The Committee shall determine whether the Option shall be
exercisable partially or in full at any time during the Term.

         (c) TERMINATION OF EMPLOYMENT. An Optionee's Option shall expire on the
earlier of the expiration of (i) the date specified in the Option which in no
event shall be later than three (3) months after the termination of the
Optionee's employment for any reason other than death or disability (as defined
in Section 422A(c)(7) of the Code); or (ii) the Term specified in Section 2.1 or
3.1(a) as the case may be. In the event of exercise of the Option after
termination of employment the Optionee may exercise the Option only with respect
to the shares which could have been purchased by the Optionee at the date of
termination of employment. However, the Committee may, but is not required to,
waive any requirements made pursuant to Section 1.5(b) so that some or all of
the shares subject to the Option may be exercised within the time limitation
described in this subsection. An Optionee's employment shall be deemed to
terminate on the last date for which he receives a regular wage or salary
payment.

                                       -3-

<PAGE>   4

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

         (d) DEATH OR DISABILITY. Upon termination of Optionee's employment by
reason of death or disability (as determined by the Committee consistent with
the definition of Section 422A(c)(7) of the Code), the Option shall expire on
the earlier of the expiration of (i) the date specified in the Option which in
no event shall be later than twelve (12) months after the date of such
termination, or (ii) the Term specified in Section 2.1 or 3.1(a) as the case may
be. The Optionee or his successor in interest, as the case may be, may exercise
the Option only as to the shares which could have been purchased by the Optionee
at the date of his termination of employment. However, the Committee may, but is
not required to, waive any requirements made pursuant to Section 1.5(b) so that
some or all of the shares subject to the Option may be exercised within the time
limitation described in this subsection.

         (e) PAYMENT. Payment for shares as to which an Option is exercised
shall be made in such manner and at such time or times as shall be provided in
the option agreement, including cash, Common Stock of the Company which was
previously acquired by the Optionee, or any combination thereof. Common Stock
used in payment for shares as to which an Option is exercised shall be valued at
Fair Market Value (as determined by the Committee) as of the date of exercise.

         (f) NONTRANSFERABILITY. No Option granted under the Plan shall be
transferable other than by will or by the laws of descent and distribution.
During the lifetime of the Optionee, an Option shall be exercisable only by the
Optionee.

         (g) RIGHTS OF PRIMARY FEDERAL BANKING REGULATOR. The rights and
obligations of all option holders pursuant to this Plan shall be subject to the
right of the primary federal banking regulator of the Company's wholly owned
subsidiary national bank (the "Bank") to require that the option holders either
exercise or forfeit their rights to purchase stock hereunder upon a finding by
such primary federal banking regulator that the Bank's capital has fallen below
the minimum requirements as determined by the Bank's primary federal banking
regulator.

         (h) ADDITIONAL PROVISIONS. Each Option agreement may contain such other
terms and conditions not inconsistent with the provisions of the Plan as the
Committee may deem appropriate from time to time.

1.6      STOCK ADJUSTMENTS; MERGERS.

         Notwithstanding Section 1.4, in the event the outstanding shares are
increased or decreased or changed into or exchanged for a different number or
kind of shares or other securities of the Company or of any other corporation by
reason of a stock split, stock dividend, combination or reclassification of
shares, recapitalization, merger or similar event, the total number of shares
set forth in Section 1.4 shall be proportionately and appropriately adjusted by
the Committee. If the Company continues in existence, the number and kind of
shares that are subject to any Option and

                                       -4-

<PAGE>   5

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

the option price per share shall be proportionately and appropriately adjusted
without any change in the aggregate price to be paid therefor upon exercise of
the Option. If the Company will not remain in existence or substantially all of
its voting Common Stock and Common Stock will be purchased by a single purchaser
or group of purchasers acting together, then the Committee may (i) declare that
all Options shall terminate thirty (30) days after the Committee gives written
notice to all Optionees of their immediate right to exercise all Options then
outstanding (without regard to limitations on exercise otherwise contained in
the Options), or (ii) notify all Optionees that all Options granted under the
Plan shall apply with appropriate adjustments as determined by the Committee to
the securities of the successor corporation to which holders of the numbers of
shares subject to such Options would have been entitled, or (iii) some
combination of aspects of (i) and (ii). The determination by the Committee as to
the terms of any of the foregoing adjustments shall be conclusive and binding.
Any fractional shares resulting from any of the foregoing adjustments under this
section shall be disregarded and eliminated.

1.7      ACCELERATION EVENT.

         If an Acceleration Event occurs in the opinion of the Board of
Directors, based on circumstances known to it, the Board of Directors may direct
the Committee to declare that all Options granted under the Plan shall become
exercisable immediately notwithstanding the provisions of the respective Option
agreements regarding exercisability.

1.8      NOTIFICATION OF EXERCISE.

         Options shall be exercised by written notice directed to the Secretary
of the Company at the principal executive offices of the Company. Such written
notice shall be accompanied by any payment required pursuant to Section 1.5(e).
Exercise by an Optionee's heir or the representative of his estate shall be
accompanied by evidence of his authority to so act in form reasonably
satisfactory to the Company.

                                       -5-

<PAGE>   6

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

                                   ARTICLE II

                             INCENTIVE STOCK OPTIONS

2.1      TERM OF INCENTIVE STOCK OPTIONS.

         Each Incentive Stock Option granted under the Plan shall be exercisable
only during a Term fixed by the Committee; provided, however, that the Term
shall end no later than ten (10) years after the date the Incentive Stock Option
is granted.

2.2      LIMITATION ON OPTIONS.

         The aggregate Fair Market Value of Common Stock (determined at the time
the Incentive Stock Option is granted) subject to Incentive Stock Options
granted to a Key Employee under all plans of the Key Employee's employer
corporation and its Parent or Subsidiary corporations and that become
exercisable for the first time by such Key Employee during any calendar year may
not exceed $100,000. To the extent a grant of Incentive Stock Options exceeds
this $100,000 limit, the portion of the grant in excess of such limit shall he
deemed a Nonqualified Stock Option.

2.3      CONTINUED EMPLOYMENT.

         Whether military, government or other service or other leave of absence
shall constitute a termination of employment shall be determined in each case by
the Committee at its discretion, and any determination by the Committee shall be
final and conclusive. The termination of employment shall not occur where the
Optionee Transfers from the Company to one of its Subsidiaries or transfers from
a Subsidiary to the Company.

2.4      SPECIAL RULE FOR TEN PERCENT SHAREHOLDER.

         If at the time an incentive Stock Option is granted, an employee owns
stock possessing more than ten percent (10%) of the total combined voting power
of all classes of stock of his employer corporation or of its Parent or any of
its Subsidiaries, as determined using the attribution rules of Section 425(d) of
the Code, then the terms of the Incentive Stock Option shall specify that the
option price shall be at least 110% of the Fair Market Value of the Stock
subject to the incentive Stock Option and such Incentive Stock Option shall not
be exercisable after the expiration of five (5) years from the date such
Incentive Stock Option is granted.

                                       -6-

<PAGE>   7

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

2.5      INTERPRETATION.

         In interpreting this Article II of the Plan and the provisions of
individual option agreements, the Committee and the Board shall be governed by
the principles and requirements of Sections 421, 422A and 425 of the Code, and
applicable Treasury Regulations.

                                   ARTICLE III

                           NONQUALIFIED STOCK OPTIONS

3.1      TERMS AND CONDITIONS OF OPTIONS.

         In addition to the requirements of Section 1.5, Nonqualified Stock
Options shall be subject to the following provisions:

                  (a) TERM. Each Nonqualified Stock Option granted under the
         Plan shall be exercisable only during a Term fixed by the Committee.

                  (b) TERMINATION OF EMPLOYMENT. Notwithstanding the provisions
         of Sections 1.5(c) and 1.5(d), the Committee in its discretion may
         provide, either upon the original grant of an Option or in an amendment
         to an Incentive or Nonqualified Stock Option, that an Option may be
         exercisable during a Term that does not expire upon the expiration of
         three months following an Optionee's termination of employment (twelve
         (12) months in the case of termination as a result of death or
         disability), but in no event later than the Term specified in Section
         3.1(a) above.

                  (c) EXERCISE PRICE. The Company shall grant Nonqualified Stock
         Options at a price equal to or greater than the Fair Market Value of
         the Common Stock at the time the Option is granted.

                  (d) ADDITIONAL TERMS. Pursuant to Section 1.5(g), the
         Committee may add additional terms and conditions to a Nonqualified
         Stock Option, including, but not limited to, a cash award for any
         federal tax liability suffered by the Optionee upon the grant and/or
         exercise of a Nonqualified Stock Option.

                  (e) TERMINATION AND CANCELLATION. In granting any Nonqualified
         Stock Option, the Committee may specify that such Nonqualified Stock
         Option shall be subject to the restrictions set forth herein with
         respect to Incentive Stock Options, or to such other termination and
         cancellation provisions as the Committee may determine. The Committee
         may from time to time confer authority and responsibility on one or
         more of its own

                                       -7-

<PAGE>   8

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

         members and/or one or more officers of the Company to execute and
         deliver such instruments

                  The proper officers of the Company are authorized and directed
         to take any and all action necessary or advisable from time to time to
         carry out the terms of such instruments.

3.2      SECTION 83(b) ELECTION.

         The Company recognizes that certain persons who receive Nonqualified
Stock options may be subject to restrictions regarding the right to trade Common
Stock under applicable securities laws. Such may cause Optionee's exercising
such Options not to be taxable under the provisions of Section 83(c) of the
Code. Accordingly, Optionees exercising such Nonqualified Stock Options may
consider making an election to be taxed upon exercise of the option under
Section 83(b) of the Code and to effect such election will file such election
with the Internal Revenue Service within thirty (30) days of exercise of the
Option and otherwise in accordance with applicable Treasury Regulations.

                                   ARTICLE IV

                              ADDITIONAL PROVISIONS

4.1      STOCKHOLDER APPROVAL.

         The Plan shall be submitted for the approval of the stockholders of the
Company at the first annual meeting of stockholders held subsequent to the
adoption of the Plan and in all events within one (1) year of its approval by
the Board of Directors. If at said meeting the stockholders of the Company do
not approve the Plan, the Plan shall terminate.

4.2      COMPLIANCE WITH OTHER LAWS AND REGULATIONS.

         The Plan, the grant and exercise of Options hereunder, and the
obligation of the Company to sell and deliver shares under such Options, shall
be subject to all applicable Federal and state laws, rules, and regulations and
to such approvals by any government or regulatory agency as may be required. The
Company shall not be required to issue or deliver any certificates for shares of
Common Stock prior to (a) the listing of such shares on any stock exchange on
which the Common Stock may then be listed and (b) the completion of any
registration or qualification of such shares under any Federal or state law, or
any ruling or regulation of any government body which the Company shall, in its
sole discretion, determine to be necessary or advisable. No holder of any Option
shall have any right to require the Company to register or qualify any shares of
Common Stock subject to any Options under any Federal, or state law, rule or
regulation.

                                       -8-

<PAGE>   9

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

4.3      AMENDMENTS.

         The Board of Directors may discontinue the Plan at any time, and may
amend it from time to time, but no amendment, without approval by stockholders,
may (a) increase the total number of shares which may be issued under the Plan
or to any individual under the Plan, (b) reduce the option price for shares
which may be purchased pursuant to Options under Articles II and III of the
Plan, (c) extend the period during which Options may be granted, or (d) chance
the class of employees to whom Options may be granted, except as provided in
Section 1.6. Other than as expressly permitted under the Plan, no outstanding
Option may be revoked or altered in a manner unfavorable to the Optionee without
the consent of the Optionee.

4.4      NO RIGHTS AS SHAREHOLDER.

         No Optionee shall have any rights as a shareholder with respect to any
share subject to his or her option prior to the date of issuance to him or her
of a certificate or certificates for such shares.

4.5      WITHHOLDING.

         Whenever the Company proposes or is required to issue or transfer
shares of Common Stock under the Plan, the Company shall have the right to
require the Optionee to remit to the Company an amount sufficient to satisfy any
Federal, state or local withholding tax liability prior to the delivery of any
certificate or certificates for such shares. Whenever under the Plan payments
are to be made in cash, such payments shall be made net of an amount sufficient
to satisfy any Federal, state, or local withholding tax liability.

4.6      CONTINUED EMPLOYMENT NOT PRESUMED.

         This Plan and any document describing this Plan and the grant of any
stock Option hereunder shall not give any Optionee or other employee a right to
continued employment by the Company or its Subsidiaries or affect the right of
the Company or its Subsidiaries to terminate the employment of any such person
with or without cause.

4.7      EFFECTIVE DATE; DURATION.

         The Plan shall become effective as of March 8, 2001 subject to
stockholder approval pursuant to Section 5.1 and shall expire on March 7, 2010.
No Options may be granted under the Plan after March 7, 2010, but options
granted on or before that date may be exercised according to the terms of the
option agreements and shall continue to be governed by and interpreted
consistent with the terms hereof.

                                       -9-

<PAGE>   10

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                        2001 INCENTIVE STOCK OPTION PLAN

         THIS PLAN WAS APPROVED BY THE BOARD OF DIRECTORS OF FLORIDA COASTLINE
COMMUNITY GROUP, INC. AND COASTAL COMMUNITY BANK ON MARCH 8, 2001.

         THIS PLAN WAS SUBMITTED TO AND APPROVED BY THE STOCKHOLDERS OF FLORIDA
COASTLINE COMMUNITY GROUP, INC. ON MARCH 8, 2001.

                                      -10-

<PAGE>   11

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                      2001 INCENTIVE STOCK OPTION AGREEMENT

         THIS INCENTIVE STOCK OPTION AGREEMENT, dated as of this ____ day of
___________, 200_, between FLORIDA COASTLINE COMMUNITY GROUP, INC., a Florida
corporation (the "Company"), and _______________________, an employee of the
Company and/or one of its subsidiaries ("Optionee"), each of which agrees to be
bound by the terms and conditions herein relating to the grant of an option to
purchase shares of the Common Stock of the Company.

         1. AUTHORIZATION AND PURPOSE OF PLAN. The Company adopted the Incentive
Stock Option Plan (the "Plan") by approval of its Board of Directors on March 8,
2001 and approval of its Stockholders on March 8, 2001 to promote equity
ownership of the Company by selected officers and employees of the Company and
Coastal Community Bank (the "Bank"), to increase their proprietary interest in
the success of the Company and to encourage them to remain in the employ of the
Company.

         2. GRANT OF OPTION. The Company hereby grants to Optionee an
irrevocable option to purchase up to _____________ shares of Common Stock of the
Company ("Shares") at the price of $____ per Share which is at least 100% of the
fair market value of such Shares as of _______________, the Effective Date of
the grant of the Option and the date of this Agreement. This Agreement, the
Option and the Shares shall be subject to the terms and conditions of the Plan
in its entirety which shall be incorporated herein by reference.

         3. EXERCISE OF OPTION. Subject to the terms of the Plan and this
Agreement, this Option may be exercised, in whole or in part, no earlier than
one year, nor later than ten (10) years, from the date hereof, by delivery of
written notice to the Company stating the number of Shares with respect to which
the Option is being exercised, together with full payment of the purchase price
therefor. Payment may be made in cash or in such other form or combination of
forms (including, without limitation, Shares of the Company or a note, with or
without interest, secured or unsecured) as shall be acceptable to the designated
committee of the Board of the Company. This Option shall not have nor possess
any of the rights or privileges of ownership of any Shares of the Company.

         4. RESERVED SHARES. The Company has duly reserved a number of
authorized but unissued Shares adequate to fulfill its obligations under this
Agreement. During the term of this

                                       -1-

<PAGE>   12

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                      2001 INCENTIVE STOCK OPTION AGREEMENT

Agreement the Company shall take such action as may be necessary to maintain at
all times an adequate number of Shares reserved for issuance or treasury Shares
to fulfill its obligations hereunder.

         5. EARLY TERMINATION. If Optionee's employment is terminated for any
reason other than death or disability, the Option granted hereunder shall lapse
to the extent unexercised on the earlier of the expiration date of the Option or
the date three (3) months following the date of such termination. If Optionee
dies, the Option granted hereunder shall lapse to the extent unexercised on the
earlier of the expiration date of the Option or the date twelve (12) months
following the date of Optionee's death. If Optionee is permanently and totally
disabled within the meaning of Section 422(c)(6) and Section 22(e)(3) of the
Internal Revenue Code of 1986 (the "Code"), the Option granted hereunder shall
lapse to the extent unexercised on the earlier of the expiration date of the
Option or the first anniversary of the date of such disability.

         6. ASSIGNMENT OR TRANSFER. This Option may not be assigned or
transferred except by will or by the laws of descent and distribution and shall
be exercisable only by Optionee during Optionee's lifetime.

         7. PLAN AND BOARD. The construction of the terms of this Agreement
shall be controlled by the Plan, a copy of which is attached hereto as Exhibit A
and delivered to Optionee, and the rights of Optionee are subject to
modification and termination in certain events as provided in the Plan. The
Board's or Board Committee's interpretations of and determinations under any of
the provisions of the Plan or this Agreement shall be conclusive.

         8. COMPLIANCE WITH LAW. This Option shall not be exercised and no
Shares shall be issued in respect hereof, unless in compliance with federal and
applicable state, tax and securities laws.

                  8.1 CERTIFICATE LEGENDS. The certificates for Shares purchased
                  pursuant to this Option shall bear such legends regarding
                  restrictions upon resale as shall be deemed necessary by the
                  Board, the Committee of the Board specifically authorized to
                  act on behalf of the Board or their or its counsel.

                                       -2-

<PAGE>   13

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                      2001 INCENTIVE STOCK OPTION AGREEMENT

                  8.2 REPRESENTATIONS OF OPTIONEE. As a condition to the
                  exercise of this Option, Optionee will deliver to the Company
                  such signed representations as may be necessary in the opinion
                  of counsel satisfactory to the Company, for compliance with
                  applicable federal and state securities laws.

                  8.3 RESALE. Optionee's ability to transfer Shares purchased
                  pursuant to this Option or securities acquired in lieu thereof
                  or in exchange therefor may be restricted under federal or
                  state securities laws. Optionee shall not resell or offer for
                  resale such Shares or securities unless they have been
                  registered or qualified for resale under all applicable
                  federal and state securities laws or an exemption from such
                  registration or qualification is available in the opinion of
                  counsel satisfactory to the Company.

                  8.4 OTHER CONDITIONS. The aggregate fair market value of
                  Common Stock (determined at the time of the grant) subject to
                  Incentive Stock Options granted to a key employee under all
                  plans that become exercisable for the first time by such key
                  employee during any calendar year may not exceed $100,000.

         9. NOTICE. All notices or other communications desired to be given
hereunder shall be in writing and shall be deemed to have been duly given upon
receipt, if personally delivered, or on the third business day following mailing
by United States first class mail, postage prepaid, and addressed as follows:

         If to Company:         Florida Coastline Community Group, Inc.
                                Attn:  Hans C. Mueller, Chief Executive Officer
                                8720 North Kendall Drive, Suite 114
                                Miami, Florida 33156

         With Copy to:          Bischoff & Associates, P.A.
                                The Aragon Building
                                288 Aragon Avenue
                                Coral Gables, Florida 33134
                                (305) 443-7400 Office
                                (305) 443-7442 Facsimile

                                       -3-

<PAGE>   14

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                      2001 INCENTIVE STOCK OPTION AGREEMENT

         If to Optionee:                _______________________________

                                        _______________________________

or to such other address as either party shall give to the other in the manner
set forth above.

         10. TAX TREATMENT. This Option is intended to be treated as an
incentive stock option pursuant to Section 422 of the Code. Optionee
acknowledges that the tax treatment of this Option, Shares subject to this
Option or any events or transactions with respect thereto may be dependent upon
various factors or events which are not determined by the Plan or this
Agreement. The Company makes no representations with respect thereto and hereby
disclaims all responsibility as to such tax treatment.

         11. MISCELLANEOUS. References herein to a date on or as of which an
expiration, termination or lapse shall occur shall be deemed to refer to 5:00
p.m. Eastern time, on such date. The terms "parent" or "subsidiary" herein refer
to such terms as defined in Section 424 of the Code. Nothing herein shall affect
the right of the Company or any of its subsidiaries to terminate Optionee's
employment, services, responsibilities, duties or authority to represent the
Company or its subsidiaries at any time or for any reason whatsoever, nor shall
it affect the right of the Optionee to participate in, and receive benefits
under and in accordance with, the then current provisions of any pension,
insurance, bonus, profit-sharing or other benefit plan or programs of the
Company or its subsidiaries. This Agreement shall constitute the entire
agreement of the parties hereto with respect to the subject matter hereof and
may not be amended except by written instrument duly executed by the parties
hereto. This Agreement is being delivered in, and shall be subject to the laws
of the State of Florida.

                                       -4-

<PAGE>   15

                     FLORIDA COASTLINE COMMUNITY GROUP, INC.

                      2001 INCENTIVE STOCK OPTION AGREEMENT

         IN WITNESS WHEREOF, the Company and the Optionee have executed this
Incentive Stock Option Agreement effective as of the date first set forth above.

                                   FLORIDA COASTLINE COMMUNITY
                                   GROUP, INC., a Florida corporation

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

                                   Optionee:

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

                                       -5-

<PAGE>   16

                                                                       EXHIBIT B

Florida Coastline Community Group, Inc.
Attn:  Hans C. Mueller, Chief Executive Officer
8720 North Kendall Drive
Miami, Florida 33176

                          NOTICE OF EXERCISE OF OPTION

         I hereby elect to purchase ________________________ shares of Common
Stock of FLORIDA COASTLINE COMMUNITY GROUP, INC. (the "Company") at a price of
$________ per share, in accordance with that certain Incentive Stock Option
Agreement dated ____________, 2001, between the Company and myself. For this
purpose, I enclosed herewith my payment in the amount of $_________ in full
payment.

         I hereby confirm my representations under the aforementioned Incentive
Stock Option Agreement, including that the shares of Common Stock are being
acquired in good faith for investment and not with a view to, or for resale or
in connection with, any distribution thereof. I represent that such shares are
intended to be held indefinitely and will not be sold, transferred or otherwise
disposed of in the absence of an effective registration statement covering such
shares unless in the opinion of counsel (which opinion in form and substance and
counsel shall be satisfactory to the Company), such registration is not
required.

         I hereby acknowledge receipt of (i) the Company's most recent annual
financial statements, (ii) the Company's most recent internal financial
statements and (iii) a brief description of the Company's capital stock.

                               Optionee:
------------------
Date

                               --------------------------------------------
                               Signature of Optionee

                               --------------------------------------------
                               Street Address

                               --------------------------------------------
                               City               State                Zip

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