Document:

<PAGE>   1
                                                                   EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

         This Agreement, dated as of the 17th day of January 2001, by and among
Florida Coastline Community Group, Inc., a Florida Corporation (the "Company"),
Florida Coastline National Bank (Proposed), a proposed national bank to be
organized under the laws of the United States (the "Bank") (the Company and the
Bank are collectively referred to herein as the "Employer") and Hans C. Mueller
(the "Executive").

                              W I T N E S S E T H:

         WHEREAS, the directors of the Company, as organizers of the Bank, are
seeking approval from the Comptroller of the Currency ("OCC") and the Federal
Deposit Insurance Corporation ("FDIC") to charter a national bank in Miami-Dade
County, Florida; and

         WHEREAS, Executive is willing to assist the directors of the Company
in the organization of the Bank and to become the Chairman, Chief Executive
Officer and President of the Bank and the Company in accordance with the terms
and conditions herein after set forth;

         NOW, THEREFORE, for and in consideration of the mutual premises and
covenants herein contained, the parties agree as follows:

         1. EMPLOYMENT. Employer employs Executive and Executive accepts
employment upon the terms and conditions set forth in this Agreement.

         2. TERM. The term of employment of the Executive under this Agreement
shall be for the five year term period commencing on June 1st, 2000.

         3. COMPENSATION.

         (a) SALARY. For all services rendered by the Executive, Executive
shall be paid a minimum annual base salary of $140,000.00, payable in
semi-monthly installments during the term of this Agreement. Salary payments
shall be subject to withholding and other applicable taxes. Such base salary
shall be increased from time to time in the sole discretion of the Board of
Directors of the Bank.

         (b) BONUS. Executive shall receive a bonus paid by the Company of
$50,000.00 as soon as practicable after the Bank opens for business

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         (c) DISCRETIONARY BONUS. Beginning on the first anniversary of the
Bank's opening for business and on each successive anniversary, or
alternatively at the close of each of the Bank's fiscal years, in addition to
Executive's base salary, Executive shall be eligible to receive such
performance bonuses as determined in the discretion of the Board of Directors
of the Bank.

         (d) PERFORMANCE BONUS. Beginning at the end of the first fiscal year
in which the Bank becomes profitable on a cumulative basis and continuing in
each successive year thereafter during the term hereof, Executive shall receive
a bonus equal to five percent (5%) of the net income, before taxes, of the Bank
up to a maximum bonus in each year of 100 percent (100%) of Executive's Base
Salary. The payment of any bonus pursuant to this Section 3(b) shall be
contingent upon the following:

         (i)      Prior to the granting of any bonus to Executive, the Board of
                  Directors of the Bank shall consider, and document its
                  findings in the minutes of the meeting wherein the issue was
                  considered, Executive's performance in light of the status of
                  the Bank's internal controls, loan documentation, credit
                  underwriting, interest rate exposure, asset growth, asset
                  quality, earnings, and such other performance goals and
                  objectives mutually agreed upon between Executive and such
                  Board of Directors.

         (ii)     The overall condition of the Bank must be "satisfactory" in
                  the opinion of the OCC as set forth in the most current OCC
                  Report of Supervisory Activity provided to the Board of
                  Directors of the Bank and the Uniform Financial Institution
                  Rating of the Bank shall not be less than a "2"; and

         (iii)    The Bank shall be "well capitalized" as defined under the
                  regulations promulgated by the OCC pursuant to the Federal
                  Deposit Insurance Corporation Improvement Act of 1991.

         4. TITLE AND DUTIES. Executive shall serve as Chairman, Chief
Executive Officer and President of the Bank once the OCC has granted
preliminary charter approval and a member of the Interim Board of Directors and
the initial Board of Directors of the Bank. Executive shall run the day-today
activities of the Bank and oversee the Bank, within the framework of the
approved annual budget, and with a sound system of internal controls and in
compliance with the policies of the Board of Directors of the Bank, and all
applicable laws and regulations. Executive shall be nominated as a director,
Chief Executive Officer and President for the term of this Agreement.

         5. EXTENT OF SERVICES. Executive shall devote his entire time,
attention and energies to the business of Employer and shall not during the
term of this Agreement be engaged in any other business activity which requires
the attention or participation of Executive during normal business hours of
Employer, recognition being given to the fact that Executive is expected on
occasion to participate in client development after normal business hours.

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However, Executive may invest his assets in such form or manner as will not
require his services in the operation of the affairs of the companies in which
such investments are made. Executive shall notify Employer of any participation
by him in any trade association or similar organization. Executive is also
expected to invest his time in local Civic, Community and Social Organizations
which will further develop the name and business activities of the Employer.

         6. EXPENSES. Executive may incur reasonable expenses for promoting the
business the Bank, including expenses for entertainment, travel and similar
items. Executive will be reimbursed for all such expenses upon Executive's
monthly presentation of an itemized account of such expenditures.

         7. VACATION. Executive shall be entitled to a vacation of four (4)
weeks per year, according to the Bank's personnel policy, which will be
established by the Bank's Board of Directors during which the Executive's
compensation shall be paid in full.

         8. ADDITIONAL COMPENSATION.

         (a) As additional consideration paid to Executive, Executive shall be
provided with health, hospitalization, disability and term life insurance and
participation in the Bank's incentive compensation plan (in the event one is
adopted by the Board of Directors of the Bank). In addition, Executive shall be
provided with a monthly automobile allowance of $500.00 per month as soon as
the Company's initial public offering is completed and the bank receives
preliminary regulatory approval to operate the bank. The Company shall also
grant to Executive options to purchase three percent (3%) of the number of
shares of Common Stock of the Company offered in its initial public offering at
a purchase price equal to the per share price in the Company's initial public
offering, pursuant to the Company's Incentive Stock Option Plan, as soon as
practicable after the Bank commences business. Twenty percent (20%) of these
options shall vest on the date the Bank commences business and twenty percent
(20%) shall vest on each of the four successive anniversaries of the Bank's
opening for business, however, if the Bank should be sold as a result of a
tender offer, all options of the Executive, vested and not yet vested, will be
able to be exercised. All options shall be exercisable for a period of ten (10)
years from the date of grant. Executive shall also be reimbursed for the costs
of joining one civic club and one social club (including initiation fees, dues
and assessments) once the Bank has become profitable on a cumulative basis.

         (b) DEFERRED COMPENSATION LIFE INSURANCE BENEFIT. As of the
Commencement of Operations, the Bank and the Company shall purchase for
$175,000 the Executive's existing prepaid split-dollar life insurance policy,
and shall thereafter assume all obligations thereof, including all ongoing
premiums and expenses related thereto. The Bank and the Company shall hold and
maintain such policy, subject to the Executive's right to repurchase the policy

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in accordance with its terms and this Agreement at the purchase price paid to
acquire such policy. The Bank and the Company agree to reimburse the Executive
for all costs and expenses (including, without limitation, all interest charges
and expenses payable by the Executive related to the initial investment cost of
the policy) and all other expenses associated with the maintenance of the
policy during the Organizational Period and the purchase of the policy by the
Bank and the Company as of the Commencement of Operations.

         9. CHANGE IN CONTROL OF THE COMPANY.

         (a) In the event of a "Change in Control" of the Company, as defined
herein, Executive shall be entitled, for a period of thirty (30) days from the
date of the closing of the transaction effecting such change in control and at
his election, to give written notice to the Employer of termination of this
Agreement and to receive a cash payment equal to two hundred ninety-nine
percent (299%) times the compensation, including bonus, if any, received by
Executive in the one year period immediately preceding the change of control.
The severance payments provided for in this Section 9(a) shall be paid in cash,
commencing not later than ten (10) days after the date of notice of termination
by Executive under this section 10 or ten (10) days after the date of closing
of the transaction effecting the change in control of the Company, whichever is
later.

         (b) For purposes of this Section 9, "change of control" of the Company
shall mean:

         (i)      Any transaction, whether by merger, consolidation, asset
                  sale, tender offer, reverse stock split, or otherwise, which
                  results in the acquisition or beneficial ownership (as such
                  term is defined under rules and regulations promulgated under
                  the Securities Exchange Act of 1934, as amended) by any
                  person or entity or any group of persons or entities acting
                  in concert, of 50% or more of the outstanding shares of
                  Common Stock of the Company;

         (ii)     The sale of all or substantially all of the assets of the
                  Company; or

         (iii)    The liquidation of the Company.

         10.  TERMINATION.

         (a) FOR CAUSE. This Agreement may be terminated by the Board of
Directors of the Bank without notice and without further obligation than for
monies already paid, for any of the following reasons:

         (i)      Receipt by the Bank of written notice from the OCC that the
                  OCC has criticized the Executive's performance or his area of
                  responsibility, and has either (a) rated the Bank a "4" or a
                  "5" under the Uniform Financial Rating System or (b) has

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                  determined that the Bank is in a "troubled condition" as
                  defined under Section 914 of the Financial Institutions
                  Reform and Enforcement Act of 1989;

         (ii)     Failure of Executive to follow reasonable written
                  instructions or policies of the Board of Directors of the
                  Bank;

         (iii)    Gross negligence or willful misconduct of Executive
                  materially damaging to the business of the Bank during the
                  term of this Agreement or not disclosed to the Bank prior to
                  the commencement of the term of this Agreement; or

         (iv)     Arrest for, charged in relation to, by criminal information,
                  indictment or otherwise, or conviction of Executive during
                  the term of this Agreement of a crime involving breach of
                  trust or moral turpitude.

                  In the event that the Bank discharges Executive alleging,
                  "cause" under this Section 10(a) and it is subsequently
                  determined judicially that the termination was "without
                  cause" then such discharge shall be deemed a discharge
                  without cause subject to the provisions of Section 10(b)
                  hereof. In the event that the Bank discharges Executive
                  alleging "cause" under this Section 10(a), such notice of
                  discharge shall be accompanied by a written and specific
                  description of the circumstances alleging such "cause." The
                  termination of Executive for "cause" shall not entitle the
                  Bank to enforcement of the non-competition and
                  non-solicitation covenants contained in Section 12 hereof.

         (b) WITHOUT CAUSE.

         (i)      The Bank may, upon thirty (30) days written notice to
                  Executive, terminate this Agreement without cause at any time
                  during the term of this Agreement upon the condition that the
                  Executive shall be entitled, as liquidated damages in lieu of
                  all other claims, to the payment of this base salary for a
                  period of six months. The severance payments provided for in
                  this Section 10(b) shall commence not later than thirty (30)
                  days after the actual date of termination of employment of
                  Executive. The termination of Executive "without cause" shall
                  not entitle Bank to the enforcement of the non-competition
                  and non-solicitation covenants contained in Section 12
                  hereof.

         (ii)     Executive may upon thirty (30) days written notice to
                  Employer terminate this Agreement without cause at any time
                  during the term of this Agreement. In the event of

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                  termination of this Agreement by Executive, the Bank shall
                  have no further obligation to Executive than for monies paid
                  and the Bank shall be entitled to enforcement of the
                  non-competition and non-solicitation covenants contained in
                  Section 12 hereof.

         (iii)    In the event this Agreement is terminated without cause,
                  whether by Executive or by the Bank, any stock options or
                  unexercised portion thereof, granted pursuant to this
                  Agreement, whether or not vested on the date of termination,
                  may be exercised by Executive within one hundred eighty (180)
                  days from the date of termination at which time all such
                  options shall expire.

         11. DEATHS OR DISABILITY. In the event of the Executive's death,
Employer shall pay to Executive's designated beneficiary, or, if Executive has
failed to designate a beneficiary, to his estate, an amount equal to the
Executive's base salary pursuant to Section 3 hereof through the end of the
month in which the Executive's death occurred. Such compensation shall be in
lieu of any other benefits provided hereunder, except that (i) in the event of
a change of control of the Company as defined herein, Executive's designated
beneficiary or his estate, as the case may be, shall be entitled to the
benefits of Section 10(b) hereof, and (ii) any benefits payable pursuant to
Section 3 shall be prorated and made available to Executive in respect to any
period prior to his death. The Bank may maintain insurance on its behalf to
satisfy in whole or in part the obligations of this Section 11.

         In the event of the Executive's disability, as hereinafter defined,
Employer shall pay to Executive the base salary then in effect through the end
of the month in which the Executive became disabled. Executive shall be deemed
disabled if, by reason of physical or mental impairment, he is incapable of
performing his duties hereunder for a period of sixty (60) consecutive days.
Any dispute regarding the existence, the extent, or the continuance of
Executive's disability shall be resolved by the determination of a duly
licensed and practicing physician selected by and mutually agreeable to both
the Board of Directors of the Bank and the Executive; provided, however, if
Executive officially establishes his eligibility to receive social security
disability benefits or is deemed disabled under the terms and conditions of any
disability insurance policy carried on the Executive by the Company or the
Bank, he shall be deemed to be disabled as provided herein without further
proof. Executive shall make himself available for and submit to such
examinations by said physician as may be directed from time to time by the
physician. Failure to submit to any such examinations shall constitute a
material breach of this Agreement.

         12. NON-COMPETITION AND NON-SOLICITATION.

         (a) Executive acknowledges that he has preformed services or will
perform services hereunder, which directly affects Employer's business.
Accordingly, the parties deem it necessary to enter into the protective

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Agreement set forth below, the terms and conditions of which have been
negotiated by and between the parties hereto.

         (b) In the event of termination of employment under this Agreement by
action of the Executive pursuant to 9(b)(ii) prior to the expiration of the
term of this Agreement, Executive agrees with Employer that through the actual
date of the termination of the Agreement, and for a period of twelve (12)
months after such termination date, Executive shall not, without prior written
consent of Employer, within a fifteen (15) mile radius of the headquarters of
the Employer, either directly or indirectly, serve as Chairman, President or
CEO of any bank.

         (c) The covenants of Executive set forth in this Section 12 are
separate and independent covenants for which valuable consideration has been
paid, the receipt, adequacy and sufficiency of which are acknowledged by
Executive, and have also been made by Executive to induce Employer to enter
into this Agreement. In the event that a court of competent jurisdiction finds
that Executive has violated the provisions of this Section 12, then, as partial
relief to Employer, all unexercised options granted to Executive pursuant to
Section 8 hereof shall immediately become null and void. Further, each of the
aforesaid covenants may be availed of or relied upon by Employer in any court
of competent jurisdiction and shall form the basis of injunctive relief and
damages including expenses of litigation (including but not limited to
reasonable attorney's fees) suffered by Employer arising out of any breach of
the aforesaid covenants by Executive. The covenants of Executive set forth in
this Section 12 are cumulative to each other and to all other covenants of
Executive in favor of Employer contained in this Agreement and shall survive
the termination of this Agreement for the purpose intended. Should any
covenant, term or condition contained in this Section 12 become or be declared
invalid or unenforceable by a court of competent jurisdiction, then the parties
may request that such court judicially modify such unenforceable provision
consistent with the intent of this Section 12 so that it shall be enforceable
as modified, and in any event the invalidity of any provision of this Section
12 shall not affect the validity of any other provision in this Section 12 or
elsewhere in this Agreement.

         13. NOTICE. Any notice required or desired to be given under this
Agreement shall be deemed given if in writing sent via U.S. First Class Mail
and Certified Mail to:

                  EXECUTIVE'S RESIDENCE:

                                            Hans C. Mueller
                                            255 Palm Avenue
                                            Miami, Florida 33139
                                            (305) 333-0055 Phone
                                            (305) 443-7442 Facsimile

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                  OR TO ITS ATTORNEY IN THE CASE OF THE EMPLOYER:

                                            Richard J. Bischoff, Esq.
                                            The Aragon Building
                                            288 Aragon Avenue
                                            Coral Gables, FL 33134
                                            (305) 443-7400 Phone
                                            (305) 443-7442 Facsimile

         14. WAVER OF BREACH. The waver by Employer of a breach of any
provision of this Agreement by Executive shall not operate or be construed as a
waiver of any subsequent breach by Executive. No wavier shall be valid unless
in writing and signed by an authorized officer of the Employer.

         15. ASSIGNMENT. Executive acknowledges that the services to be
rendered by him are unique and personal. Accordingly, Executive may not assign
any of his rights or delegate any of his duties or obligations under this
Agreement. The rights and obligations of Executive under this Agreement shall
inure to the benefit of and shall be binding upon the successors and assigns of
Employer.

         16. GOVERNING LAW. This Agreement shall be governed and construed in
accordance with the laws of the State of Florida.

         17. ENTIRE AGREEMENT. This Agreement contains the entire understanding
of the parties hereto regarding employment of Executive, and supersedes and
replaces any prior agreement relating thereto. It may not be changed orally but
only by an agreement in writing signed by the party against whom enforcement of
any waver, change, modification, or discharge is sought.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above with an effective date of June 1, 2000.

                                         "COMPANY"

                                         FLORIDA COASTLINE COMMUNITY
                                         GROUP, INC.

                                         By: /s/ Merril Stevens
                                             ---------------------------------
                                                  Authorized Representative

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                                         "BANK"

                                         FLORIDA COASTLINE
                                         NATIONAL BANK (PROPOSED)

                                         By:
                                             ---------------------------------
                                                  Authorized Representative

                                         "EXECUTIVE"

                                         By:  /s/ Hans C. Mueller
                                             ---------------------------------
                                                  Hans C. Mueller, Individually

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<PAGE>   10
                        ADDENDUM TO EMPLOYMENT AGREEMENT

         This Addendum to Employment Agreement (the "Addendum") dated as of the
8th day of March, 2000 by and among Florida Coastline Community Group, Inc., a
Florida corporation (the "Company"), Florida Coastline National Bank
(proposed), a proposed national bank to be organized under the laws of the
United States (the "Bank") (the Company and the Bank are collectively referred
to herein as the "Employer") and Hans C. Mueller (the "Executive")

                                  WITNESSETH:

         WHEREAS, the Employer and the Executive entered into that certain
Employment Agreement the ("Agreement") as of June 1, 2000; and

         WHEREAS, the Employer and the Executive wish to (i)delete the text of
Section 8(b) of the Agreement and replace such text with a restated Section
8(b) in order to (x)clarify the Executive's obligation to buy back the prepaid
split-dollar life insurance from the Employer in the event that the Executive's
employment is terminated; and (y) to more clearly reference and identify such
policy; (ii) add an additional circumstance that will allow the Employer to
terminate the Executive "for cause;" and (iii) clarify that the performance of
the Executive will be reviewed annually by the Board of Directors.

         NOW THEREFORE, for and in consideration of the mutual premises and
covenants contained herein and in the Agreement, the parties agree as follows:

         1. The text of Section 8(b) of the Agreement shall be deleted and
replaced in its entirety with the following text:

         DEFERRED COMPENSATION LIFE INSURANCE BENEFIT. As of the commencement
         of operations, the Bank and the Company shall purchase for $192,333
         the Executive's existing prepaid split dollar life insurance policy
         (the "Policy") underwritten by Alexander Hamilton Life Insurance
         Company, policy number 75,0001146 a copy of which is attached hereto
         as Exhibit A. The Bank and the Company shall hold and maintain the
         Policy, subject to the Executive's right to repurchase the Policy in
         accordance with its terms and the terms of this Agreement for $175,000
         to acquire the Policy. If the Executive's employment with the Bank and
         the Company is terminated for any reason except the death of the
         Executive, the Executive shall, within ninety (90) days following such
         termination, repurchase the Policy from the Bank and the Company for
         $175,000 for the Policy. In the event that the Executive fails to
         repurchase the Policy within the aforementioned ninety (90) day
         period, the Executive shall pay monthly interest to the Bank and the
         Company on the amount of $175,000 at the rate of one percentage point
         over the then current prime rate per annum. Executive shall make
         monthly payments no later than the last business day of each month
         commencing on the last business day of the month immediately following
         the end of the ninety (90) day period and shall continue to make such
         monthly payments

<PAGE>   11

         until the Executive repurchases the Policy.

         2. Section 10(a) of the Agreement sets forth four enumerated
circumstances as reasons for the termination "for cause" of Mr. Mueller's
employment with the Bank to those four reasons there shall be added a fifth
reason as follows:

         (v) failure or regulatory takeover of the Bank.

         3. The following sentence shall be added to Section 2 of the
Agreement:

         The Board of Directors of the Bank shall conduct an annual review of
the Executive's performance.

         IN WITNESS WHEREOF, the parties hereto have executed this Addendum as
of the date first written above.

                                       COMPANY

                                       Florida Coastline Community Group, Inc.

                                       By:
                                          -----------------------------------
                                                Authorized Representative

                                       BANK

                                       Florida Coastline National Bank

                                       By:
                                          -----------------------------------
                                                Authorized Representative

                                       EXECUTIVE

                                       -----------------------------------
                                       Hans C. Mueller<PAGE>   1
                                                                   EXHIBIT 10.2

                                OPTION FOR LEASE
                            MCH MEDICAL CENTER, LTD.

To:      Hans C. Mueller, Chairman and CEO
         Florida Coastline National Bank (In Organization)
         255 Palm Avenue
         Miami Beach, FL 33139

Dear Mr. Mueller:

         RE:   OPTION TO LEASE SPACE AT 8720 S.W. 88TH STREET, MIAMI, FLORIDA

         This Letter Agreement is intended to memorialize the agreement between
Florida Coastline National Bank (In Organization) ("Coastline") and MCH
Properties, Ltd. ("Landlord") providing for the grant herein of the option to
lease commercial office space known as Suites B112/B114 and B115 (the
"Premises") in the Lennar Medical Center, 8720 S.W. 88th Street, Miami, Florida
from MCH Medical Center, Ltd. (the Landlord) pursuant to the terms and
conditions provided herein:

         1.       This Option shall be valid from and after December 1, 2000
                  until 5:00 p.m. EDT on May 31, 2001, unless extended pursuant
                  to the terms hereof.

         2.       This Option may be extended until December 31, 2001 by
                  written notice given by Coastline to Landlord prior to May
                  15, 2001.

         3.       This Option may be exercised by Coastline at any time prior
                  to its expiration or the expiration of its extension by
                  Notice of Exercise sent by Coastline to Landlord stating that
                  Coastline shall enter into the form of Lease attached hereto
                  as Exhibit A for the Premises beginning upon a date specified
                  therein which date shall not be later than the expiration
                  date of this Option or its extension. The Premises shall
                  mean:

                                    Suite B112/B114
                                    8720 S.W. 88th Street
                                    consisting of the western most space on the
                                    first floor of the building comprising
                                    approximately 2691 rentable square feet

                                    Plus

                                    Suite B115
                                    8720 S.W. 88th Street
                                    Consisting of space adjacent to
                                    Suite B112/B114 immediately
                                    eastward on the first floor of the

<PAGE>   2

Mr. Hans C. Mueller
November 30, 2000
Page 2

                                    building comprising approximately 1,278
                                    rentable square feet [which space may not
                                    become available until November 1, 2001, at
                                    the latest.

         4.       Coastline shall have obtained all necessary Federal and State
                  of Florida approvals to operate as a commercial bank prior to
                  exercising this Option, and all necessary Dade County
                  Planning and Zoning approvals to operate on the premises
                  shall have been obtained prior to occupancy by Coastline.

         5.       Coastline shall pay to landlord the sum of $4,036.50 on the
                  1st day of each month during the term of this Option
                  including any extension thereof in order to maintain this
                  Option in force. Failure to make such payment within 10 days
                  of its due date will allow Landlord to terminate this Option
                  if payment is not made within 5 additional days thereafter
                  after giving written notice thereof to Coastline.

         6.       In addition to the Option payment set forth in Paragraph 5
                  above, Coastline shall pay to Landlord an additional Option
                  payment for the adjacent 1,278 square feet in the amount of
                  $1,917.00 beginning on the 1st of the month following the
                  early termination of its existing lease and its availability
                  for Coastline.

         7.       Coastline shall pay all applicable sales taxes due hereon, if
                  any.

         8.       Landlord and Coastline agree that Landlord shall be liable
                  for no brokerage fees or commissions whatsoever related to
                  the Premises.

         9.       Upon exercise of this Option, the Landlord and Coastline
                  shall confirm their respective entry into and execution of
                  the attached Lease in the form of Exhibit A for the Premises
                  which shall operate according to its terms except that the
                  following terms shall apply:

                           a)       The initial rental amount for the first
                                    year of the Lease shall be at the annual
                                    rate of $24.00 per square foot (3,969 sq.
                                    ft.), with annual standard C.P.I. increases
                                    thereafter;

                           b)       The rent applicable to the first month of
                                    the lease shall be waived by Landlord;

                           c)       The Lease shall be for full services,
                                    including, electricity, maintenance,
                                    cleaning, etc.;

<PAGE>   3

Mr. Hans C. Mueller
November 30, 2000
Page 3
                           d)       The Lease term shall be for 5 years from
                                    its initial date after exercise and shall
                                    include an additional Option by the Tenant
                                    to lease the Premises for an additional 5
                                    year term; thus totaling ten (10) years;

                           e)       The lease shall provide that no less than
                                    five (5) parking spaces in the front of the
                                    entrance to the Premises shall be
                                    designated "Bank Customers Only", although
                                    Landlord shall not be obligated to monitor
                                    compliance regarding such designations; and

                           f)       Coastline shall be entitled to erect
                                    signage at its cost on the exterior of the
                                    building; subject to Landlord's approval.

Agreed by:                                 Agreed by:

FLORIDA COASTLINE                          MCH MEDICAL CENTER, LTD.
NATIONAL BANK (IN ORGANIZATION)

                                           BY: MCH PROPERTIES, INC., AS SOLE
                                               GENERAL PARTNER

By: /s/ Hans C. Mueller                    By: /s/ Mario E. Henriquez
    -----------------------                    -------------------------------
       Hans C. Mueller                           Mario E. Henriquez     12/1/00
       Chairman & CEO                            President

<PAGE>   4
                                  OFFICE LEASE

         THIS LEASE ("Lease"), made and entered into as of this ____ day of
__________, 2001 by and between Landlord and Tenant as specified in Items 1 and
2 of the Definitions in Section 1.1 hereof.

         Landlord hereby demises and rents unto Tenant, and Tenant hereby
leases from Landlord, certain Premises now existing in Landlord's Building
("Building") as described in Item 3 of the Definitions appearing in Section 1.1
hereof, and upon the terms, covenants and conditions contained herein.

                                   ARTICLE I

                  EXHIBITS, PREMISES, USE OF PREMISES AND TERM

         Section 1.0       Covenants of Landlord's authority

         Landlord represents and covenants that: a) prior to commencement of
the Lease term, it will have either good title to or a valid leasehold interest
in the land and building of which the Premises

                                      -1-

<PAGE>   5

form a part; and b) upon performing all of its obligations hereunder, Tenant
shall peacefully and quietly have, hold and enjoy the Premises for the term of
this Lease.

         Section 1.1       Definitions

         The following Items shall be defined or be referred to as indicated
below for the purposes of this Lease and the Exhibits attached hereto:

Item 1-       Landlord:        MCH MEDICAL CENTER LTD.

Item 2-       Tenant:          FLORIDA COASTLINE COMMUNITY GROUP, INC.

Item 3-       Building:
              Lennar Center
              8700, 8720, 8740 N. Kendall Drive
              Miami, Florida 33176

              Premises (Section 1.3): Suite # 112,114 and 115 and portion of
              hallway in front of suite 114 in Building 8720 having a gross
              leasable area of approximately 3,969 square feet. including an
              add-on factor of 17%.

                                      -2-

<PAGE>   6

Item 4-       Use of Premises (Section 1.4): Banking facility.

Item 5-       Tenant's Trade Name:    FLORIDA COASTLINE COMMUNITY GROUP, INC.

Item 6-       Lease Term (Section 1.5):   5 year(s) and 0 month(s)

Item 7-       Lease Commencement Date (Section 1.5):   Upon existing Tenant
                                                       move-out date.

              Lease Expiration Date (Section 1.5):     Five years from
                                                       commencement date.

Item 8-       Rent Commencement Date (Section 1.6):    Lease commencement date.

Item 9-       Total Fixed Minimum Rent (Section 2.1):  $476,280.00
                                                       -----------

              Payable as follows, plus all applicable taxes:
                                                       $ 7938.00 per month
                                                       ------------

Item 10-      Fixed Minimum Rent Increases(s) CPI (Section 2.2):
                                                       Adjustment Dates:

              Basic Standard:               Three month from commencement date.

Item 11-      Security Deposit (Section 10.1):         $0
                                                       --

                                      -3-

<PAGE>   7

Item 12-      Tenant's Participation in Operating Expenses (Section 4.1):

              Base Operating Year: 2001
                                   ----

Item 13-      Tenant's Participation in Real Estate Taxes (Section 5.2):

              Base Tax Year: 2001
                             ----

Item 14-      Notices (Section 12.1):   Tenant:    FLORIDA COASTLINE COMMUNITY
                                                   GROUP, INC.
                                                   8720 N. Kendall Dr.
                                                   Suite 114
                                                   Miami, FL 33156

                                        Landlord:  MCH MEDICAL CENTER LTD.
                                                   8720 N. Kendall Drive
                                                   Suite 202
                                                   Miami, FL 33176

Item 15-      Additional Terms:

              A.      Commencing on ______________ and on the first day of each
month thereafter

                                      -4-

<PAGE>   8

              during each subsequent Lease Year or subsequent Partial Lease
              Year, as defined in Section 1.7, during the term of this Lease or
              any renewal thereof, Tenant shall pay to Landlord its monthly
              estimated pro rata share of Operating Expenses as set forth in
              Item 12. At the end of each Lease Year or Partial Lease Year,
              Tenant shall pay to Landlord its proportionate share, as
              hereinafter defined, of the amount by which the annual Operating
              Expenses, as defined in Section 4.2, exceed the Operating
              Expenses of the Base Operating Year specified in Item 12.
              Tenant's proportionate share for said Operating Expenses for each
              Lease Year or Partial Lease Year of the term of this Lease or any
              renewal thereof shall be determined by dividing the total number
              of square feet in the Premises by the total number of square feet
              of all leasable space within the Building. In the event Tenant's
              proportionate share of Operating Expenses at the end of each
              Lease Year or Partial Lease Year exceed the monthly estimated
              payments made by Tenant during the Lease Year or Partial Lease
              Year in which such Operating Expenses are incurred, Tenant shall
              pay to Landlord the excess on or before thirty (30) days
              following receipt of Landlord's statement showing the amount due
              by Tenant, and subsequent monthly payments shall be adjusted so
              that such monthly payments for the next Lease Year of Partial
              Lease Year shall be based on Landlord's actual Operating Expenses
              for each Lease Year or Partial Lease Year. In no event shall
              Tenant's monthly payments hereunder be less than the monthly pro
              rata amount as set forth in Item 12.

              B. Landlord shall not be liable for any injury or damage to
              persons or property

                                      -5-

<PAGE>   9

              resulting from fire, explosion, falling plaster, steam, gas,
              electricity, water, rain, or leaks from any part of the Premises
              or from the pipes, appliances, or plumbing works of from the
              roof, street, or subsurface or from any other place or by
              dampness or by any other cause of whatsoever nature. All property
              of Tenant, including merchandise and furnishings, kept or stored
              on the Premises shall be so kept or stored at the risk of Tenant
              only and Tenant shall hold Landlord harmless from any and all
              claims arising out of damage to same. If Landlord is required to
              make repairs by reason of any act, omission or negligence of
              Tenant, any permitted subtenants, concessionaires or their
              respective employees, agents, invitees, licensees, or
              contractors, the cost of such repairs shall be borne by Tenant
              and shall be due and payable immediately upon receipt of
              Landlord's notification of the amount due.

              C. Tenant shall be solely responsible for removal and disposal of
              all bio-medical wastes from the Premises, and under no
              circumstances shall Tenant dispose of such wastes on the property
              of which the Premises is a part nor in any manner that is illegal
              or hazardous. Tenant shall defend, indemnify, and hold Landlord
              harmless from and against any and all lawsuits, fines, claims,
              losses, liabilities, fees, actions, costs and expenses, including
              but not limited to attorneys' fees, and all other things or
              matters of any nature whatsoever in any way related to Tenant's
              bio-medical wastes or its disposal of such wastes. A violation of
              the foregoing by Tenant shall be a default of this Lease, and
              Landlord shall have all the remedies available to it as set forth
              in this Lease and

                                      -6-

<PAGE>   10

              provided by Law.

              D. Radon Gas. Pursuant to F.S. 404.056(8)(1988), Tenant is hereby
              notified that 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 your county public health unit. In no event shall Landlord
              be liable for direct or indirect, consequential or incidental
              damages arising form existence or discovery of radon in the
              Premises.

                     5. PARKING. Landlord has the unqualified right to charge a
                     parking fee to all persons using its parking facilities.
                     Notwithstanding, no parking fees shall be charged to the
                     Tenants or their bonafide employees. In case of the Tenant
                     being a Corporation or Partnership, only the principals
                     thereof will be except from the parking fee

                     6. PREPARATION OF PREMISES: Tenant will be responsible for
                     all Tenant's improvement. Premises willl be delivered in
                     "as is" conditions

                     7. OPTION TO RENEW. Provided that Tenant is not in default
                     of the

                                      -7-

<PAGE>   11

                     Lease, then Tenant, by giving Landlord written notice not
                     less than ninety (90) days nor more than one hundred
                     eighty ( 180) days prior to the expiration of this Lease
                     term. shall have the right to renew the Lease for an
                     additional One (1) term of five (5) years upon the same
                     terms covenants and conditions as the initial term of this
                     lease excepting, however, that (a) there shall be no
                     further option periods and (b) the Fixed Minimum rent for
                     the first year of the option period shall be determined by
                     the Current Market Rate.

                     8. PARKING: Landlord shall provide no less than five (5)
                     PARKING Spaces in the front of the entrance to the
                     Premises and shall be designated "Bank Customers Only"
                     although Landlord shall not be obligated to monitor
                     compliance regarding such designations.

                     9. SIGNAGE: Coastline shall be entitled to erect signage
                     at its cost on the exterior of the building subject to
                     Landlord's approval.

              Section 1.2      Exhibits

              The Exhibits listed hereunder and attached to this Lease are
              incorporated and made a part hereof by reference:

                                      -8-

<PAGE>   12

              Exhibit A--   Legal Description

              Exhibit B--   Site Plan

              Exhibit C--   Rules and Regulations

              Exhibit D--   Covenant Running with the Land in Favor of
                            Metropolitan Dade County which prohibits the use.
                            generation, handling, disposal, storage, or
                            discharge of hazardous materials.

                      THIS SPACE LEFT BLANK INTENTIONALLY

                                      -9-

<PAGE>   13

Section 1.3       Premises Leased by Tenant

         A. The Premises leased by Tenant are located at the Building set forth
in Item 3 of the Definitions, which Premises are particularly described in Item
3 of the Definitions.

         The boundaries and location of the Premises are outlined on tile Site
Plan diagram of the Building, (Exhibit "B"), which sets forth the general
layout of tile Building, but shall not be deemed to be a warranty,
representation, or agreement upon the part of tile Landlord that said Building
will be exactly as indicated on said diagram.

         The Premises includes, for the purpose of this Lease, the Premises
within Landlord's Building leased to Tenant herein and shall extend to tile
exterior faces of all walls or to the building line where there is no wall, or
to the center line of those walls separating the Premises from other premises
in the Building, together with the appurtenances specifically granted in this
Lease, but reserving and excepting to Landlord the use of tile exterior walls
and the roof and the right to install, maintain, use, repair and replace pipes,
ducts, conduits, and wires leading through the Premises in locations which will
not materially interfere with Tenant's use thereof and serving other parts of
the Building.

Section 1.4       Use of Premises

         The Premises shall be used and occupied only for the purpose as
specified in Item 4 of tile

                                      -10-

<PAGE>   14

Definitions and for no other purpose or purposes without Landlord's prior
written consent. Tenant shall. at its own risk and expense, obtain all
governmental licenses and permits necessary for such use.

Section 1.5       Lease Term

         The term of this Lease shall be for the period specified in Item 6 of
the Definitions commencing and expiring as provided in Item 7 of the
Definitions, unless sooner terminated or extended as hereinafter provided.

Section 1.6       Rent Commencement Date

         Tenant shall commence payment of Rent at the earlier of (a) the date
specified in Item 8 of the Definitions, or (b) the date when the Tenant shall
occupy the Premises, which date shall be agreed to by both parties in writing
no later than five (5) days after Tenant opens for business. If the Rent
Commencement Date falls on a day other than the first day of a calendar month,
the Fixed Minimum Rent for such month shall be prorated on a per diem basis,
calculated on the basis of a Thirty (30) day month.

                                      -11-

<PAGE>   15

Section 1.7       Lease Year

         For purpose of this Lease, the term Lease Year is defined to mean a
calendar year (beginning January 1 and extending through December 31 of any
given year). Any portion of a year which is less than a Lease Year, that is,
from the Lease Commencement Date through the next December 31, and from the
last January 1 falling within the term of the Lease through the last day of the
term, shall be defined as a Partial Lease Year.

Section 1.8       Acceptance of Premises

         Tenant acknowledges that it has fully inspected and accepts tile
Premises in their present condition and "as is", and that the same are suitable
for the use specified in Item 4 of the Definitions.

                                   ARTICLE II

                                      RENT

Section 2.1       Fixed Minimum Rent

         The total Fixed Minimum Rent for the Lease Term as specified in Item 9
of the Definitions shall be payable by Tenant as specified in Item 9 of the
Definitions.

                                      -12-

<PAGE>   16

         The phrase Fixed Minimum Rent shall be the Fixed Minimum Rent above
specified, payable monthly in advance on the first day of each month, without
prior demand therefor and without any deduction or setoff whatsoever. In
addition, Tenant covenants and agrees to pay Landlord all applicable sales or
other taxes which may be imposed on the above specified rents or payments
hereinafter provided for to be received by Landlord when each such payment is
made. Should Tenant fail to pay any installment of Rent when due and continuing
for a period of time constituting a default as further defined under the
provisions of this Lease, Section 9.1, Default, Landlord may, at its option,
require the total Fixed Minimum Rent remaining for the term of this Lease to
immediately become due and payable. If Tenant pays any installment of Fixed
Minimum Rent or any other sum by check and such check is returned for
insufficient funds or other reasons not the fault of Landlord, then Tenant
shall pay to Landlord on demand a processing fee of $25.00 per returned check.
Landlord, at its option, may subtract any such processing fee from any Security
Deposit held by Landlord, and, in such event, Tenant shall deposit a like
amount with Landlord in accordance with the terms of Section 10.1.

Section 2.2       Fixed Minimum Rent Increase

         So as to afford Landlord with consistent purchasing power of its
rental income during future years of the Lease, the Fixed Minimum Rent
described in Item 9 of the Definitions shall be subject to adjustments from
time to time as provided for herein. Landlord and Tenant agree to adopt as a
standard for measuring fluctuations of the purchasing power of this rental
income the Consumer

                                      -13-

<PAGE>   17

Price Index (for all urban consumers) - All items (1967 = 100) issued by the
Bureau of Labor Statistics of the U.S. Department of Labor ("CPI"). The Fixed
Minimum Rent shall be adjusted to reflect increases in the cost of living as
set forth by the CPI Figure or any successor or substituted index appropriately
adjusted. The CPI Figure for the month specified in Item 10 of the Definitions
shall be defined as the BASIC STANDARD. The CPI Figure for each anniversary
date of the Basic Standard shall be defined as the NEW INDEX FIGURE.
Adjustments shall be made annually on the dates as provided in Item 10 of the
Definitions. These adjustments shall be made and the adjusted monthly Fixed
Minimum Rent (NEW RENTAL) for tile ensuing period shall be arrived at by
multiplying the monthly Fixed Minimum Rent for the last full month of the first
year of the initial Lease term, as described in Item 9, by a fraction, the
numerator of which shall be the respective NEW INDEX FIGURE and the denominator
of which shall be the BASIC STANDARD.

         Landlord shall notify Tenant in writing of the amount of the NEW
RENTAL and same shall be due on the first day of the month beginning that same
adjustment period and each month thereafter until adjusted again. However, in
no event shall the rental due and payable hereunder be less than the annual
Fixed Minimum Rent for each preceding year of the Lease, regardless of the
value of the dollar as reflected by said CPI Figure.

         In the event the amount of the CPI Figure increase is not known until
after the first month of the period for which the adjustment is to be made, due
to delays in publications of the CPI Figure, or any other reason, then, upon
notification of the increase by Landlord, the Tenant shall pay the full

                                      -14-

<PAGE>   18

amount of the increase which is due for any prior months during the adjustment
period, within Fifteen (15) days following receipt of Landlord's written notice
of the amount due.

         In the event of any controversy arising as to the proper adjustment
for rental payments as herein provided, the Tenant shall continue paying the
rental under the last preceding rental adjustment, as herein provided, until
such time as said controversy has been settled, at which time an adjustment
will be made, retroactive to the beginning of the adjustment period in which
the controversy arose.

Section 2.3       Late Payment

         Should Tenant fail to pay when due any installment of Fixed Minimum
Rent or any other sum payable to Landlord under the terms of this Lease, then
Landlord shall assess a servicing fee of Fifty Dollars ($50.00) per month from
and after the Fifth (5th) day following the date on which any sum shall be due
and payable, until the required payments are made. Landlord, at its option, may
subtract any such amount that is not paid from any Security Deposit held by
Landlord and, in such event, Tenant shall deposit a like amount with Landlord
in accordance with the terms of Section 10.1 herein. Should Tenant remit a
partial payment for any outstanding Fixed Minimum Rent or Additional Rent due,
Landlord shall apply said partial payment to the outstanding Fixed Minimum Rent
or Additional Rent as Landlord deems necessary, in its sole discretion.

                                      -15-

<PAGE>   19

Section 2.4       Additional Rent-Definition

         In addition to the foregoing Fixed Minimum Rent and Fixed Minimum Rent
Increase, all payments to be made under this Lease by Tenant to Landlord shall
be deemed to be and shall become Additional Rent hereunder and, together with
Fixed Minimum Rent, shall be included in the term "Rent" whenever such term is
used herein. Unless another time shall be herein expressly provided for the
payment thereof, any Additional Rent shall be due and payable on demand or
together with the next succeeding installment of Fixed Minimum Rent, whichever
shall first occur, together with all applicable State taxes and interest
thereon at the then prevailing legal rate, and Landlord shall have the same
remedies for failure to pay the same as for non-payment of Fixed Minimum Rent.
Landlord, at its election, shall have the right to pay or do any act which
requires the expenditure of any sums of money by reason of the failure or
neglect of Tenant to perform any of the provisions of this Lease, and in the
event Landlord elects to pay such sums or do such acts requiring the
expenditure of monies, all such sums so paid by Landlord, together with
interest thereon, shall be deemed to be Additional Rent and payable as such by
Tenant to Landlord upon demand.

                                      -16-

<PAGE>   20

                                  ARTICLE III

                                    SERVICES

Section 3.1       Services of Landlord

         (a) Landlord shall maintain the public and common areas of the
Building, including lobbies, stairs, elevators, corridors and restrooms, the
windows in the Building, the mechanical, plumbing and electrical equipment
serving the Building, and the structure itself in reasonably good order and
condition except for damage occasioned by the act of the Tenant, which damage
shall be repaired by Landlord at Tenant's expense.

         (b) Landlord shall furnish the Premises with (1) electricity for
lighting and the operation of office machines, (2) heat and air conditioning to
the extent reasonably required for the comfortable occupancy by Tenant in its
use of the Premises during the period from 8:00 a.m. to 6:00 p.m. on weekdays
and from 8:30 a.m. to 1:00 p.m. on Saturdays, except for holidays declared by
the Federal government, or such shorter period as may be prescribed by any
applicable policies or regulations adopted by any utility or governmental
agency, (3) elevator service, if applicable, (4) lighting replacement (for
building standard lights), (5) restroom supplies, (6) window washing with
reasonable frequency, (7) and daily janitor service five (5) days a week during
the times and in the manner that such services are customarily furnished in
comparable office buildings in the area. Landlord shall not be in default
hereunder or be liable for any damages directly or indirectly resulting from,
nor shall the rental herein reserved be abated by reason of (i) the
installation, use or interruption of use of any equipment in connection with
the furnishing of any of the foregoing services (ii) failure to furnish or
delay in furnishing any such services when such failure or delay is

                                      -17-

<PAGE>   21

caused by accident or any condition beyond the reasonable control of Landlord
or by the making of necessary repairs or improvements to the Premises or to the
Building, or (iii) the limitation, curtailment, rationing or restrictions on
use of water, electricity, gas cir any other form of energy serving the
Premises or the Building. Landlord shall use reasonable efforts diligently to
remedy any interruption in the furnishing of such services.

         (c) Whenever heat generating equipment or lighting other than building
standard lights are used in the Premises by Tenant which affect the temperature
otherwise maintained by the air conditioning system, Landlord shall have the
right, after notice to Tenant, to install supplementary air conditioning
facilities in the Premises or otherwise modify the ventilating and air
conditioning systems serving the Premises, and the cost of such facilities and
modifications shall be borne by Tenant. Tenant shall also pay as Additional
Rent, the cost of providing all cooling energy to the Premises in excess of
that required for normal office use or during hours requested by Tenant when
air conditioning is not otherwise furnished by Landlord. If Tenant installs
lighting requiring power in excess of that required for normal office use in
the Building, or if Tenant installs equipment requiring power in excess of that
required for normal desk-top office equipment or normal copying equipment,
Tenant shall pay for the cost of such excess power as Additional Rent, together
with the cost of installing any additional risers or other facilities that may
be necessary to furnish such excess power to the Premises.

                                      -18-

<PAGE>   22

                                   ARTICLE IV

                               OPERATING EXPENSES

Section 4.1       Tenant's Participation In Operating Expenses

Section 4.2       Definition Of Operating Expenses

         The term "Operating Expenses" shall mean (1) all costs of management,
operation and maintenance of the Office Complex, including, without limitation,
wages, salaries and payroll burden of employees, janitorial, maintenance, guard
and other services, building management office rent or rental value, power,
fuel, water, waste disposal, landscaping care, premiums for liability, fire,
hazard and other property related insurance, parking area care, advertising and
promotion, fees for energy saving programs, administrative costs, including
management fee, and (2) the cost (amortized over such reasonable period as
Landlord shall determine) of any capital improvements made to the Building by
Landlord after the date of this Lease that reduce the Operating Expenses or
made to the Building by Landlord after the date of this Lease that are required
under any governmental law or regulation that was not applicable to the
Building at the time it was constructed; provided, however, that Operating
Expenses shall not include real property taxes, depreciation on the Building,
costs of tenant improvements, real estate brokers' commissions, interest and
capital items other than those referred to in clause (2) above.

                                      -19-

<PAGE>   23

                                   ARTICLE V

                                     TAXES

Section 5.1       Tenant's Taxes

         Tenant covenants and agrees to pay promptly when due all taxes imposed
upon its business operations and its personal property situated in the
Premises.

Section 5.2       Tenant's Participation in Real Estate Taxes

         Landlord will pay in the first instance all real property taxes,
including extraordinary and/or special assessments (and all costs and fees
incurred in contesting the same), hereinafter collectively referred to as Real
Estate Taxes, which may be levied or assessed by the lawful tax authorities
against the land, buildings, and all other improvements in the Building.

         Tenant, for each Lease Year or Partial Lease Year, as defined in
Section 1.7, during the term of this Lease or any renewal thereof, shall pay to
Landlord its proportionate share, as hereinafter defined, of the amount by
which the annual Real Estate Taxes assessed or levied against the land and
buildings of the Building exceed the Real Estate Taxes for the Base Tax Year
specified in Item 13 of the Definitions.

                                      -20-

<PAGE>   24

         Tenant's proportionate share for said Real Estate Taxes for each Lease
Year or Partial Lease Year of the term of this Lease or any renewal thereof
shall be determined by dividing the total number of square feet in the Premises
by the total number of square feet of all leasable building space within the
Building. Any payments due by Tenant hereunder shall be made during each Lease
Year or Partial Lease Year of the term of this Lease or any renewal thereof
within Thirty (30) days after Tenant's receipt of Landlord's written
certification of the amount due. Tenant's share shall be prorated in the event
Tenant is required to make such payment for a Partial Lease Year. In addition,
should the taxing authorities include in such Real Estate Taxes the value of
any improvements made by Tenant, or include machinery, equipment, fixtures,
inventory or other personal property or assets of the Tenant, then Tenant shall
also pay 100% of the Personal Property Taxes and Real Estate Taxes for such
items.

         If the Lease expires during a Partial Lease Year, Landlord shall bill
Tenant, not more than Sixty (60) days prior to the expiration date of the
Lease, for its estimated pro rata share of Real Estate Taxes for the Partial
Lease Year. Tenant shall remit full payment to Landlord within Seven (7) days
of such bill. If Tenant fails to remit such full payment to Landlord, Landlord
in its sole discretion, may deduct the amount due from Tenant's Security
Deposit and be entitled to all other rights and remedies hereunder for Tenant's
default.

         Should any governmental taxing authority, acting under any present or
future law, ordinance, or regulation, levy, assess or impose a tax, excise
and/or assessment (other than income or franchise

                                      -21-

<PAGE>   25

tax) upon or against or in any way related to the land and buildings comprising
the Building, either by way of substitution or in addition to any existing tax
on land and buildings or otherwise, Tenant shall be responsible for and shall
pay to Landlord its proportionate share as set forth above of such tax, excise
and/or assessment.

                                   ARTICLE VI

            ADDITIONS, ALTERATIONS, REPLACEMENTS AND TRADE FIXTURES

Section 6.1       By Landlord

         Landlord hereby reserves the right at any time to make alterations or
additions to the Building in which the Premises are contained and to build
additional stories thereon. Landlord also reserves the right to construct other
buildings or improvements in the Building or Common Areas from time to time and
to make alterations thereof or additions thereof and to build additional office
space on any such building or buildings so constructed.

Section 6.2       By Tenant

         Upon receipt of Landlord's prior written approval, Tenant may from
time to time, at its own expense, alter, renovate or improve the interior of
the Premises provided the same be performed in

                                      -22-

<PAGE>   26

a good and workmanlike manner, in accordance with accepted building practices
and so as not to weaken or impair the strength or lessen the value of the
Building in which the Premises are located. No changes, alterations or
improvements affecting the exterior of the Premises shall be made by Tenant
without the prior written approval of Landlord. Any work done by Tenant under
the provisions of this Section shall not interfere with the use by the other
tenants or their premises in the Building. Tenant also agrees to pay 100% of
any increase in the Real Estate Taxes or Landlord's Personal Property Taxes
resulting from such improvements.

         All alterations, decorations, additions and improvements made by
Tenant, or made by Landlord on Tenant's behalf as provided in this Lease, shall
remain the property of the Tenant for the term of this Lease or any extension
or renewal thereof, but they shall. not be removed from the Premises without
the prior written consent of Landlord.

         Upon obtaining the prior written consent of Landlord, Tenant shall
remove such alterations, decorations, additions and improvements and restore
the Premises as provided in Section 6.5, and if Tenant fails to do so and moves
from the Premises, all such alterations, decorations, additions and
improvements shall become the property of Landlord.

Section 6.3       Construction Insurance and Indemnity

         Tenant shall indemnify and hold Landlord harmless from any and all
claims for loss or

                                      -23-

<PAGE>   27

damages or otherwise based upon or in any manner growing out of any alterations
or construction undertaken by Tenant under the terms of this Lease, including
all costs, damages, expenses, court costs and attorneys' fees incurred in or
resulting from claims made by any person or persons, by other tenants of
premises in the Building, their subtenants, agents, employees, customers and
invitees.

         Before undertaking any alterations or construction, Tenant shall
obtain and pay for a public liability policy insuring Landlord and Tenant
against any liability which may arise on account of such proposed alterations
or construction work in limits of not less than $1,000,000.00 for any one
person, $1,000,000.00 for more than one person in any one accident and
$200,000.00 for property damage; and a copy of such policy shall be delivered
to Landlord prior to the commencement of such proposed work. Tenant shall also
maintain at all times fire insurance with extended coverage in the name of
Landlord and Tenant as their interests may appear in an amount adequate to
cover the cost of replacement of all alterations, decorations, additions or
improvements in and to the Premises and all trade fixtures therein, in the
event of fire or extended coverage loss. Tenant shall deliver to Landlord
copies of such fire insurance policies which shall contain a clause requiring
the insurer to give Landlord Ten (10) days notice of cancellation of such
policies.

Section 6.4       Mechanic's Liens and Additional Construction

         If by reason of any alteration, repair, labor performed or materials
furnished to the Premises

                                      -24-

<PAGE>   28

for or on behalf of Tenant any mechanic's or other lien shall be filed,
claimed, perfected or otherwise established or as provided by law against the
Premises, Tenant shall discharge or remove the lien by bonding or otherwise,
within Fifteen (15) days after the Tenant receives notice of the filing of
same. Notwithstanding any provision of this Lease seemingly to the contrary,
Tenant shall never, under any circumstances, have the power to subject the
interest of Landlord in the Premises to any mechanics' or materialmen's liens
or liens of any kind, nor shall any provision contained in this Lease ever be
construed as empowering the Tenant to encumber or cause the Landlord to
encumber the title or interest of Landlord in the Premises.

         Tenant hereby expressly acknowledges and agrees that no alterations,
additions, repairs or improvements to the Premises of any kind are required or
contemplated to be performed as a prerequisite to the execution of this Lease
and the effectiveness thereof according to its terms or in order to place the
Premises in a condition necessary for use of the Premises for the purposes as
set forth in this Lease, that the Premises are presently complete and usable
for the purposes set forth in this Lease and that this Lease is in no way
conditioned on Tenant making or being able to make alterations, additions,
repairs or improvements to the Premises, unless otherwise specified under the
Special Provisions section of the Definitions, notwithstanding the fact that
alterations, repairs, additions or improvements may be made by Tenant, for
Tenant's convenience or for Tenant's purposes, subject to Landlord's prior
written consent, at Tenant's sole cost and expense.

         Landlord and Tenant expressly acknowledge and agree that neither the
Tenant nor any one

                                      -25-

<PAGE>   29

claiming by, through or under the Tenant, including without limitation
contractors, sub-contractors, materialmen, mechanics and laborers, shall have
any right to file or place any mechanics' or materialmen's liens of any kind
whatsoever upon the Premises nor upon any building or improvement thereon; on
the contrary, any such liens are specifically prohibited. All parties with whom
the Tenant may deal are hereby put on notice that the Tenant has no power to
subject the Landlord's interest in the Premises to any claim or lien of any
kind or character and any persons dealing with the Tenant must look solely to
the credit of the Tenant for payment and not to the Landlord's interest in the
Premises or otherwise.

         Any lien filed against the Premises in violation of this paragraph
shall be null and void and of no force or effect. In addition, Tenant shall
cause any lien filed against the Premises in violation of this paragraph to be
cancelled, released, discharged and extinguished within Fifteen (15) days after
Tenant receives notice of filing of the same and shall indemnify and hold the
Landlord harmless from and against any such lien and any costs, damages,
charges and expenses, including, but not limited to, attorney's fees, incurred
in connection with or with respect to any such lien.

Section 6.3       Trade Fixtures

         All trade fixtures and equipment installed by Tenant in the Premises
shall be new or completely reconditioned and shall remain the property of
Tenant.

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<PAGE>   30

         Provided Tenant is not in default hereunder, Tenant shall have the
right, at the termination of this Lease, to remove any and all trade fixtures,
equipment and other items of personal property not constituting a part of the
freehold which it may have stored or installed in the Premises including, but
not limited to, counters, shelving, showcases, chairs, and movable machinery
purchased or provided by Tenant and which are susceptible of being moved
without damage to the Building and the Premises, provided this right is
exercised before the Lease is terminated or during the Ten (10) day period
immediately following such termination and provided that Tenant, at its own
cost and expense, shall repair any damage to the Premises caused thereby. The
right granted Tenant in this Section shall not include the right to remove any
plumbing or electrical fixtures or equipment, heating or air conditioning
equipment, floor-coverings (including wall-to-wall carpeting) glued or fastened
to the floors or any paneling, tile or other materials fastened or attached to
the walls or ceilings, all of which shall be deemed to constitute a part of the
freehold, and, as a matter of course, shall not include the right to remove any
fixtures or machinery that were furnished or paid for by the Landlord. The
Premises and the immediate areas in front, behind and adjacent to it shall be
left in a broom-clean condition. Should Tenant fail to comply with this
provision, Landlord may deduct the cost of cleanup from Tenant's Security
Deposit. If Tenant shall fail to remove its trade fixtures or other property at
the termination of this Lease or within Ten (10) days thereafter, such fixtures
and other property not removed by Tenant shall be deemed abandoned by Tenant,
and, at the option of Landlord, shall become the property of Landlord.

         All of the foregoing is subject to Section 10.2 of this Lease.

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<PAGE>   31

Section 6.6       Right of Entry

         Landlord or its representatives shall have the right to enter the
Premises at reasonable hours of any day during the Lease Term to: a) ascertain
if the Premises are in proper repair and condition, and further, Landlord or
its representatives shall have the right, without liability, to enter the
Premises for the purposes of making repairs, additions or alterations thereto
or to the Building in which the same are located, including the right to take
the required materials therefor into and upon the Premises without the same
constituting an eviction of Tenant in whole or in part, and the Rent shall not
abate while such repairs, alterations, replacements or improvements are being
made by reason of loss or interruption of Tenant's business due to the
performance of any such work; and b) show the Premises to prospective
purchasers, lenders and tenants. If Tenant shall not be personally present to
permit an entry into said Premises when for any reason an entry therein shall
be permissible, Landlord may enter the same by a master key or by the use of
force without rendering Landlord liable therefor and without in any manner
affecting Tenant's obligations under the Lease.

                                      -28-

<PAGE>   32
                                  ARTICLE VII

                            INSURANCE AND INDEMNITY

Section 7.1       Tenant's Insurance

         Tenant shall maintain, at its own cost and expense, in responsible
companies approved by Landlord, combined single limit public liability
insurance, insuring Landlord and Tenant, as their interests may appear, against
all claims, demands or actions for bodily injury, personal injury or death of
any one person in an amount of not less than $500,000.00; and for bodily
injury, personal injury or death of more than one person in any one accident in
an amount of not less than $500,000.00; and for damage to property in an amount
of not less than $500,000.00. Landlord shall have the right to direct Tenant to
increase such amounts whenever it considers them inadequate. Such liability
insurance shall also cover and include all exterior signs maintained by Tenant.
The policy of insurance may be in the form of a general coverage or floater
policy covering these and other premises, provided that Landlord is
specifically insured therein. Tenant shall carry like coverage against loss or
damage by boiler or compressor or internal explosion of boilers or compressors,
if there is a boiler or compressor in the Premises. Tenant shall maintain
insurance covering all glass forming a part of the Premises including plate
glass in the Premises and fire insurance against loss or damage by fire or
windstorms, with such endorsements for extended coverage, vandalism, malicious
mischief and special extended coverage as Landlord may require, covering 100%
of the replacement costs of any items of value, including but not limited to
signs, stock, inventory, fixtures, improvements, floor coverings and equipment.
All of said insurance shall be in form and in responsible companies
satisfactory to Landlord, and shall provide that it will not be subject to
cancellation, termination or change except after at least Thirty (30) days
prior written notice to Landlord. Any insurance procured by Tenant as herein
required shall contain an express waiver of any right of subrogation by the
insurance company against Landlord. The policies,

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<PAGE>   33

together with satisfactory evidence of the payment of the premiums thereon,
shall be deposited with Landlord on the day Tenant begins operations.
Thereafter, Tenant shall provide Landlord with evidence of proof of payment
upon renewal of any such policy, not less than Thirty (30) days prior to
expiration of the term of such coverage. In the event Tenant fails to obtain or
maintain the insurance required hereunder, Landlord may obtain same and any
costs incurred by Landlord in connection therewith shall be payable by Tenant
upon demand. Landlord shall carry public liability insurance covering the
exterior of the Premises, including, but not limited to the sidewalks, malls
and parking lot.

Section 7.2       Extra Hazard Insurance Premiums

         Tenant agrees that it will not keep, use, sell or offer for sale in or
upon the Premises any article or permit any activity which may be prohibited by
the standard form of fire or public liability insurance policy. Tenant agrees
to pay any increase in premiums for fire and extended coverage or public
insurance which may be carried by Landlord on the Premises or the Building of
which they are a part, resulting from the type of merchandise sold or services
rendered by Tenant or activities in the Premises, whether or not Landlord has
consented to the same. In determining whether increased premiums are the result
of Tenant's use of the Premises, a schedule, issued by the organization making
the insurance rate on the Premises, showing various components of such rate,
shall be conclusive evidence of the several items and charges which make up the
fire and public liability insurance rate on the Premises.

                                      -30-

<PAGE>   34

         Tenant shall not knowingly use or occupy the Premises or any part
thereof, or suffer or permit the same to be used or occupied for any business
or purpose deemed extra hazardous on account of fire or otherwise. In the event
Tenant's use and/or occupancy causes any increase of premium for the fire,
boiler and/or casualty rates on the Premises or any part thereof above the rate
for the least hazardous type of occupancy legally permitted in the Premises,
Tenant shall pay such additional premium on the fire, boiler and/or casualty
insurance policy that may be carried by Landlord for its protection against
rent loss through fire. Bills for such additional premiums shall be rendered by
Landlord to Tenant at such times as Landlord may elect, and shall be due from
and payable by Tenant when rendered in writing, but such increases in the rate
of insurance shall not be deemed a breach of this covenant by Tenant. Failure
to pay amounts due hereunder shall be a breach of the Lease.

Section 7.3       Indemnity

         Tenant during the term hereof shall indemnify and save harmless
Landlord from and against any and all claims and demands whether for injuries
to persons or loss of life, or damage to property, occurring within the
Premises and immediately adjoining the Premises and arising out of the use and
occupancy of tile Premises by Tenant, or occasioned wholly or in part by any
act or omission of Tenant, its subtenants, agents, contractors, employees,
servants, lessees or concessionaires, excepting however such claims and
demands, whether for injuries to persons or loss of life or damage to property,
caused by the negligence of Landlord. If, however, any liability arises in the
Common

                                      -31-

<PAGE>   35

Areas because of the negligence of Tenant, Tenant's subtenants, agents,
employees, contractors, invitees, customers or visitors, then in such event
Tenant shall hold Landlord harmless. In case Landlord shall, without fault on
its part, be made a party to any litigation commenced by or against Tenant,
then Tenant shall protect and hold Landlord harmless and shall pay all costs,
expenses and reasonable attorneys' fees incurred or paid by Landlord in
connection with such litigation. Tenant shall also pay all costs, expenses and
reasonable attorneys' fees that may be incurred or paid by Landlord in
enforcing the covenants and agreements of this Lease.

Section 7.4       Definition and Liability of Landlord

         The term Landlord as used in this Lease means only the owner or the
mortgagee in possession for the time being of the Building in which the
Premises are located or the owner of a leasehold interest in the Building
and/or the land thereunder so that in the event of sale of the Building or an
assignment of this Lease, or a demise of the Building and/or land, Landlord
shall be and hereby is entirely freed and relieved of all obligations of
Landlord hereunder and it shall be deemed without further agreement between the
parties and such purchaser(s), assignee(s) and lessee(s) that the purchaser,
assignee or lessee has assumed and agreed to observe and perform all
obligations of Landlord hereunder.

         It is specifically understood and agreed that there shall be no
personal liability on Landlord in respect to any of the covenants, conditions
or provisions of this Lease; in the event of a breach or

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<PAGE>   36

default by Landlord of any of its obligations under this Lease, Tenant shall
look solely to the equity of Landlord in the Building for the satisfaction of
Tenant's remedies.

                                  ARTICLE VIII

                      DAMAGE, DESTRUCTION AND CONDEMNATION

Section 8.1       Damage or Destruction by Fire or Other Casualty

         A. Tenant shall give prompt notice to Landlord in case of fire or
other damage to the Premises or the Building containing the Premises. In the
event the Premises are damaged by fire, explosion, flood, tornado or by the
elements, or through any casualty, or otherwise, after the commencement of the
term of this Lease, the Lease shall continue in full force and effect. If the
extent of the damage is less than Fifty Percent (50%) of the cost of
replacement of the Premises, the damage shall promptly be repaired by Landlord
at Landlord's expense, provided that Landlord shall not be obligated to so
repair if such fire, explosion or other casualty is caused directly by the
negligence of Tenant, its subtenants, permitted concessionaires, or their
agents, servants or employees, and provided further that Landlord shall not be
obligated to expend for such repair an amount in excess of the insurance
proceeds recovered or recoverable as a result of such damage, and that in no
event shall Landlord be required to replace Tenant's stock in trade, fixtures,
furniture, furnishings, floor coverings and equipment. In the event of any such
damage and (a) Landlord is

                                      -33-

<PAGE>   37

not required to repair as hereinabove provided, or (b) the Premises shall be
damaged to the extent of Fifty Percent (50%) or more of the cost of
replacement, or (c) the Building of which the Premises are a part is damaged to
the extent of Twenty-Five Percent (25%) or more of the cost of replacement, or
(d) all buildings (taken in the aggregate) in the Building shall be damaged to
the extent of more than Twenty-Five Percent (25%) of the aggregate cost of
replacement, Landlord may elect either to repair or rebuild the Premises or the
Building or buildings, or to terminate this Lease upon giving notice of such
election to Tenant within Ninety (90) days after the occurrence of the event
causing the damage.

         B. If the casualty, repairing, or rebuilding shall render the Premises
untenantable, in whole or in part, and the damage shall not have been due to
the default or neglect of Tenant, a proportionate abatement of the Fixed
Minimum Rent shall be allowed from the date when the damage occurred until the
date Landlord completes the repairing or rebuilding, said proportion to be
computed on the basis of the relation which the gross square foot area of the
space rendered untenantable bears to the floor area of the Premises. If
Landlord is required or elects to repair the Premises as herein provided,
Tenant shall repair or replace its stock in trade, fixtures, furniture,
furnishings, floor coverings and equipment, and if Tenant has closed for
business, Tenant shall promptly reopen for business upon the completion of such
repairs.

         C. In the event the Premises or the Building or buildings shall be
damaged in whole or in substantial part within the last Twenty-Four (24) months
of the original term, or within the last

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<PAGE>   38

Twenty-Four (24) months of the last renewal term, if renewals are provided for
herein, Landlord shall have the option, exercisable within Ninety (90) days
following such damage, of terminating this Lease, effective as of the date of
Tenant's receipt of notice from Landlord. If any such termination occurs during
the initial term, any options for renewal shall automatically be of no further
force or effect.

         D. No damage or destruction of the Premises or the Building or
buildings shall allow Tenant to surrender possession of the Premises nor affect
Tenant's liability for the payment of Rent or any other covenant contained
herein, except as may be specifically provided in this Lease. Notwithstanding
any of the provisions herein to the contrary, Landlord shall have no obligation
to rebuild the Premises or the Building or buildings and may at its own option
cancel this Lease unless the damage or destruction is a result of a casualty
covered by Landlord's insurance policy.

Section 8.2       Condemnation

         (a) Total: In the event the entire Premises shall be appropriated or
taken under the power of eminent domain by any public or quasi-public
authority, this Lease shall terminate and expire as of the date of title
vesting in such proceeding, and Landlord and Tenant shall thereupon be released
from any further liability hereunder. (b) Partial: If any part of the Premises
shall be taken as aforesaid, and such partial taking shall render that portion
not so taken unsuitable for the business of Tenant, as determined by Landlord,
then this Lease and the term herein shall cease and terminate

                                      -35-

<PAGE>   39

as aforesaid. If such partial taking is not extensive enough to render the
Premises unsuitable for the business of Tenant, then this Lease shall continue
in effect, except that the Fixed Minimum Rent shall be reduced in the same
proportion that the floor area of the Premises taken bears to the original
floor area leased and Landlord shall, upon receipt of the award in
condemnation, make all necessary repairs or alterations to the Building in
which the Premises are located so as to constitute the portion of the Building
not taken a complete architectural unit, but such work shall not exceed the
scope of the work to be done by Landlord in originally constructing said
Building, nor shall Landlord, in any event, be required to spend for such work
an amount in excess of the amount received by Landlord as damages for the part
of the Premises so taken. "Amount received by Landlord" shall mean that part of
the award in condemnation which is free and clear to Landlord of any collection
by mortgagee for the value of the diminished fee. (c) Termination: If more than
Twenty Percent (20%) of the floor area of the Building in which the Premises
are located shall be taken as aforesaid, Landlord may, by written notice to
Tenant, terminate this Lease, such termination to be effective as aforesaid.
(d) Rent on Termination: If this Lease is terminated as provided in this
paragraph, the Rent shall be paid up to the date that possession is so taken by
public authority and Landlord shall make an equitable refund of any Rent paid
by Tenant in advance. (e) Award: Tenant shall not be entitled to and expressly
waives all claim to any condemnation award for any taking, whether whole or
partial, and whether for diminution in value of the leasehold or to the fee
although Tenant shall have the right, to the extent that the same shall not
reduce Landlord's award, to claim from the condemnor, but not from Landlord,
such compensation as may be recoverable by Tenant in its own right for damage
to Tenant's business, fixtures and improvements installed by Tenant at its
expense.

                                      -36-

<PAGE>   40

                                   ARTICLE IX

                                    DEFAULT

Section 9.1       Default

         Landlord may, at its option, terminate this Lease, as provided below
and take the action outlined in Paragraph 9.2 hereof, IF:

         A. Tenant defaults in the payment of any Rent or any other payments
when due, and such default shall continue for Five (5) days after notice from
Landlord to Tenant; OR

         B. Tenant defaults in fulfilling any of the other covenants or
obligations of this Lease on Tenant's part to be performed hereunder, and such
default has not been cured within Five (5) days after written notice from
Landlord to Tenant specifying the nature of said default; OR

         C. The default so specified shall be of such a nature that the same
cannot be reasonably cured or remedied within said Five (5) day period, if
Tenant shall not in good faith have commenced the curing or remedying of such
default within such Five (5) day period and shall not thereafter diligently
proceed therewith to completion, which completion shall in no event be more
than Thirty (30) days after notice from Landlord; OR

                                      -37-

<PAGE>   41

         D. Tenant shall fail to occupy the Premises on the commencement date
as fixed herein, or anytime thereafter, or shall fail to remain open for
business throughout the term of this Lease, as hereinbefore provided; OR

         E. At any time during the term should there be filed by or against
Tenant or against any successor tenant then in possession, in any court,
pursuant to any statute, either of the United States or any state. a petition;

        (i)       In bankruptcy,
       (ii)       Alleging insolvency,
      (iii)       For reorganization,
       (iv)       For the appointment of a receiver or trustee,
        (v)       For an arrangement under the Bankruptcy Acts, or
       (vi)       If a similar type of proceeding shall be filed and any such
                  petition or filing against

Tenant has not been dismissed within a period of twenty (20) days; OR

         F. Tenant makes or proposes to make an assignment for the benefit of
creditors, OR

         G. Tenant does, or permits to be done, any act which creates a
mechanic's lien or claim therefor against the Premises or the Building; OR

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<PAGE>   42

         H. Tenant fails to furnish Landlord with a copy of any insurance
policy required to be furnished by Tenant to Landlord when due, and such
default shall continue for Thirty (30) days after written notice from Landlord,
Landlord may elect.

         (i) to terminate this Lease, or

       (ii) to assess and collect an administrative fee of Five Dollars ($5.00)
for each day said policy has not been received in the office of Landlord at the
close of each business day.

         Then the Landlord may elect to declare the entire Rent for the balance
of the term, or any part thereof, due and payable forthwith, or at the option
of the Landlord, this Lease and the term thereunder shall terminate and come to
an end on the date specified in such notice of cancellation, and Tenant shall
quit and surrender the Premises to Landlord as if the term herein ended by the
expiration of the time fixed herein, but Tenant shall remain liable as
hereinafter provided.

Section 9.2       Landlord's Rights on Default

         If the notice provided shall have been given and the term shall expire
as aforesaid, or should Landlord elect to terminate this Lease, Landlord shall
have the immediate right to re-entry and may remove all persons and property
from the Premises and such property may be removed and stored in a public
warehouse or elsewhere at the cost of, and for the account of Tenant, all
without service of notice or resort to legal process, all of which Tenant
expressly waives, and Landlord shall not be

                                      -39-

<PAGE>   43

deemed guilty of trespass, or become liable for any loss or damage which may be
occasioned thereby. Landlord shall have a lien for the payment of all sums
agreed to be paid by Tenant herein upon all Tenant's property, which is to be
in addition to Landlord's lien now or that may hereafter be provided by law.

         Should Landlord elect to re-enter or should it take possession
pursuant to legal proceedings or pursuant to any notice provided for by law, it
may make such alterations and repairs as may be necessary in order to relet the
Premises or any part thereof, for such term or terms (which may be for a term
extending beyond the term of this Lease) and at such rentals and upon such
other terms and conditions as Landlord, in its sole discretion, may deem
advisable. Upon each such reletting, all rentals received by Landlord from such
reletting shall be applied, first, to the payment of any indebtedness, other
than Rent due hereunder, from Tenant to Landlord; second, to the payment of any
costs and expenses of such reletting, including brokerage fees and to costs of
such alterations and repairs; third, to the payment of Rent due and unpaid
hereunder, the residue, if any, shall be held by Landlord and applied in
payment of future rent as the same may become due and payable hereunder. If
such rentals received from such reletting during any month be less than that to
be paid during that month by Tenant as set forth herein, Tenant shall pay any
such deficiency to Landlord. Such deficiency shall be calculated and paid
monthly. Landlord shall recover from Tenant all damages it may incur by reason
of Tenant's default, including the cost of recovering the Premises and,
including charges equivalent to Rent reserved in this Lease for the remainder
of the stated term, all of which amounts shall be immediately due and payable
from Tenant to Landlord.

                                      -40-

<PAGE>   44

         The parties hereby waive trial by jury in any action, proceeding or
counterclaim brought by either of the parties hereto against the other or any
matters whatsoever arising out of or in any way connected with this Lease, the
relationship of Landlord and Tenant, Tenant's use or occupancy of the Premises,
and/or claim of injury or damage.

         In the event of a breach by Tenant of any of the covenants or
provisions hereof, Landlord shall have, in addition to any other remedies which
it may have, the right to invoke any remedy allowed at law or in equity,
including injunctive relief, to enforce Landlord's rights or any of them, as if
re-entry and other remedies were not herein provided for.

         In the event of any litigation arising out of enforcement of this
Lease, the prevailing party in such litigation shall be entitled to recovery of
all costs, including reasonable attorneys' fees.

         Notwithstanding anything in this Lease to the contrary, Landlord
reserves all rights which any state or local laws, rules, regulations or
ordinances confer upon a Landlord against a Tenant in default. This article
shall apply to any renewals or extensions of this Lease.

         This agreement shall be deemed to have been made in Dade County,
Florida and shall be interpreted, and the rights and liabilities of the parties
here determined, in accordance with the laws of the State of Florida.

                                      -41-

<PAGE>   45

Section 9.3       Non-Waiver Provisions

         The failure of Landlord to insist upon a strict performance of any of
the terms, conditions and covenants herein shall not be deemed to be a waiver
of any rights or remedies that Landlord may have and shall not be deemed a
waiver of any subsequent breach or default in the terms, conditions and
covenants herein contained except as may be expressly waived in writing.

         The maintenance of any action or proceeding to recover possession of
the Premises or any installment or installments of Rent or any other monies
that may be due or become due from Tenant to Landlord shall not preclude
Landlord from thereafter instituting and maintaining subsequent actions or
proceedings for the recovery or possession of the Premises or of any other
monies that may be due or become due from Tenant including all expenses, court
costs and attorneys' fees and disbursements incurred by Landlord in recovering
possession of the Premises and all costs and charges for the care of the
Premises while vacant. Any entry or re-entry by Landlord shall not be deemed to
absolve or discharge Tenant from liability hereunder.

Section 9.4       Inability to Perform

         If Landlord is delayed or prevented from performing any of its
obligations under this Lease by reason of strike, labor disputes, or any cause
whatsoever beyond Landlord's reasonable control, the period of such delay or
such prevention shall be deemed added to the time herein provided for

                                      -42-

<PAGE>   46

the performance of any obligation by Landlord.

                                   ARTICLE X

                                    SECURITY

Section 10.1      Security Deposit

         A. Tenant has deposited with Landlord the sum specified in Item 11 of
the Definitions to be retained by Landlord without liability for interest, as
security for the payment of all Rent and other sums of money which shall or may
be payable for the full stated term of this Lease, and any extension or renewal
thereof, and for the faithful performance of all the terms of this Lease to be
observed and performed by Tenant.

         B. The Security Deposit shall not be mortgaged, assigned, transferred
or encumbered by Tenant without the prior written consent of Landlord and any
such act on the part of Tenant shall be without force or effect and shall not
be binding upon Landlord. If any of the Rent herein reserved or any other sum
payable by Tenant to Landlord shall be overdue and unpaid or should Landlord
make payments on behalf of Tenant, or if Tenant shall fail to perform any of
the terms of this Lease, then Landlord may, at its option and without prejudice
to any other remedy which Landlord may have on account thereof, appropriate and
apply said entire deposit or so much thereof as may be

                                      -43-

<PAGE>   47

necessary to compensate Landlord toward the payment of Rent or Additional Rent
or loss or damage sustained by Landlord due to breach on the part of Tenant;
and Tenant shall promptly upon demand restore said security to the original sum
deposited. If Tenant should be overdue in the payment of monthly Rent or other
sums payable to Landlord on at least two or more occasions during a year,
Landlord, at its option, may require Tenant to increase the amount of Security
Deposit now held by Landlord by an amount sufficient to cover at least two
months Rent or greater amount to be determined at the sole discretion of
Landlord. In this event, upon receipt of the additional security sum, Landlord
and Tenant shall evidence such receipt by a letter signed and acknowledged by
both Landlord and Tenant to be incorporated as part of this Lease amending
Section A. hereof, stating the "New Total Amount" so held without liability for
any interest. Within Sixty (60) days after the expiration of the tenancy hereby
created, whether by lapse of time or otherwise, provided Tenant shall not be in
default hereunder and shall have complied with all the terms, covenants and
conditions of this Lease, including the yielding up of the immediate possession
to Landlord, Landlord shall, upon being furnished with affidavits and other
satisfactory evidence by Tenant that Tenant has paid all bills incurred by it
in connection with its performance of the terms, covenants and conditions of
this Lease, return to Tenant said sum on deposit or such portion thereof then
remaining on deposit with Landlord as set forth herein. In the event Tenant has
not complied with all the obligations provided for hereunder, Landlord may
appropriate a part or a of the Security Deposit as liquidated damages to
satisfy Tenant's obligations.

Section 10.2      Personal Property

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<PAGE>   48

         As additional security for the performance of Tenant's obligations
hereunder, Tenant hereby pledges and assigns to Landlord all the furniture,
fixtures', goods, inventory, stock and chattels, and all other personal
property of Tenant which are now or may hereafter be brought or put in the
Premises, and further grants to Landlord a security interest therein under the
Uniform Commercial Code. Upon default of the payment of Rent, assessments,
charges, penalties and damages herein covenanted to be paid by Tenant, and for
the purpose of securing the performance of all other obligations of Tenant
hereunder, and at the request of Landlord, Tenant hereby agrees to execute and
deliver to Landlord all financing statements, amendments thereto or other
similar statements which Landlord may reasonably request. Nothing herein
contained shall be deemed to be a waiver by Landlord of its statutory lien to
Rent and remedies, rights and privileges of Landlord in the case of default of
Tenant as set forth above and shall not be exclusive and, in addition thereto,
Landlord may also exercise and enforce all its rights at law or in equity which
it may otherwise have as a result of Tenant's default hereunder. Landlord is
herein specifically granted all of the rights of a secured creditor under the
Uniform Commercial Code with respect to the property in which Landlord has been
granted a security interest by Tenant, including, but not limited to, the right
to take possession of the above mentioned property and dispose of it by sale in
a commercially reasonable manner.

Section 10.3      Transfer of Deposit

         In the event of a sale or transfer of the Building or any portion
thereof which includes the Premises, or in the event of the making of a lease
of the Building or of any portion, or in the event

                                      -45-

<PAGE>   49

of a sale or transfer of the leasehold estate under any such underlying lease,
the grantor, transferror or Landlord, as the case may be, shall thereafter be
entirely relieved of all terms, covenants and obligations thereafter to be
performed by Landlord under this Lease to the extent of the interest or portion
so sold, transferred or leased, and it shall be deemed and construed, without
further agreement between the parties and the purchaser, transferee or Tenant,
as the case may be, has assumed and agreed to carry out any and all covenants
of Landlord hereunder; provided that (i) any amount then due and payable to
Tenant or for which Landlord or the then grantor, transferor or Landlord would
otherwise then be liable to pay to Tenant (it being understood that the owner
of an undivided interest in the fee or any such lease shall be liable only for
his or its proportionate share of such amount) shall be paid to Tenant; (ii)
the interest of the grantor, transferor or Landlord, as Landlord, in any funds
then in the hands of Landlord or then grantor, transferor or Landlord in which
Tenant has an interest, shall be turned over, subject to such interest, to the
then grantee, transferee or Tenant; and (iii) notice of such sale, transfer or
lease shall be delivered to Tenant.

                                   ARTICLE XI

                          ADDITIONAL TENANT AGREEMENTS

Section 11.1      Mortgage Financing and Subordination

         This Lease and all of Tenant's rights hereunder are and shall be
subordinate to the present

                                      -46-

<PAGE>   50

mortgage upon the Building, as well as to any existing ground lease, however,
Tenant shall, upon request of either Landlord, the holder of any mortgage or
Deed of Trust now or hereafter placed upon the Landlord's interest in the
Premises or future additions thereto, and to any ground lease now or hereafter
affecting the Premises, execute and deliver upon demand, such further
instruments subordinating this Lease to the lien of any such mortgage or
mortgages, and such ground lease, provided such subordination shall be upon the
express condition that this Lease shall be recognized by the mortgagees and
ground lessors and that the rights of Tenant shall remain in full force and
effect during the term of this Lease and any extension thereof, notwithstanding
any default by the mortgagors with respect to the mortgages or any foreclosure
thereof, or any default by the ground lessee, so long as Tenant shall perform
all of the covenants and conditions of this Lease. Tenant agrees to execute all
agreements required by Landlord's mortgagee or ground lessor or any purchaser
at a foreclosure sale or sale in lieu of foreclosure by which agreements Tenant
will attorn to the mortgagee or purchaser or ground lessor.

Section 11.2      Assignment or Subletting

         All assignments of this Lease or sublease or subleases of the Premises
by Tenant shall be subject to and in accordance with all of the provisions of
this Section.

         Tenant may not assign this Lease or sublease the Premises, in whole or
in part, to a wholly-owned corporation or controlled subsidiary of Tenant or to
a party other than a

                                      -47-

<PAGE>   51

wholly-owned corporation or controlled subsidiary of Tenant without first
having obtained the written consent of Landlord, such consent not to be
unreasonably withheld.

         Any assignment or sublease by Tenant shall be only for the purpose
specified in Section 1.4, Use of Premises, and for no other purpose, and in no
event shall any assignment or sublease of the Premises release or relieve
Tenant from any obligations of this Lease.

         In the event that Tenant shall seek Landlord's permission to assign
this Lease or sublet the Premises, Tenant shall provide to Landlord the name,
address, financial statement and business experience resume for the immediately
preceding Ten (10) years of the proposed assignee or subtenant and such other
information concerning such proposed assignee or subtenant as Landlord may
require. This information shall be in writing and shall be received by Landlord
no less than Thirty (30) days prior to the effective date of the proposed
assignment or sublease. It shall be a condition to any consent by Landlord to
an assignment or sublease that Tenant shall pay to Landlord a processing fee in
the amount of $125.00 or One Percent (1%) of the annual current value of this
Lease, whichever is greater, as reimbursement to Landlord for any and all
legally-related expenses in connection with the review and preparation of
assignment or sublease-related documents which may be incurred by Landlord in
connection therewith. Payment of such fee shall be submitted along with
Tenant's request for Landlord's consent. Any consent by Landlord to any
assignment or sublease, or to the operation of a concessionaire or licensee,
shall not constitute a waiver or the necessity for such consent to any
subsequent assignment or sublease, or operation by a

                                      -48-

<PAGE>   52

concessionaire or licensee.

         If Tenant is a corporation and any transfer, sale, pledge or other
disposition of more than Ten Percent (10%) of the common stock shall occur, or
voting control or power to vote the majority of the outstanding capital stock
be changed, such action shall be deemed an assignment under the terms of this
Lease and shall be subject to all the terms and conditions thereof. Any breach
of the assignment clause by Tenant will constitute a default under the terms of
this Lease and Landlord shall have all rights and remedies available to it as
set forth herein.

         In the event Tenant shall sublease the entire Premises for rentals in
excess of those rentals payable hereunder, Tenant shall pay to Landlord, as
Additional Rent hereunder, all such excess rentals.

         Any proposed assignee or subtenant of Tenant shall assume Tenant's
obligations hereunder and deliver to Landlord an assumption agreement in form
satisfactory to Landlord no less than Ten (10) days prior to the effective date
of the proposed assignment.

         Notwithstanding any of the foregoing provisions, if Tenant is or has
been at any time in default under any of the terms of this Lease, Tenant may
not assign or sublet the Premises in whole or in part.

                                      -49-

<PAGE>   53

Section 11.3      Tenant's Notice to Landlord of Default

         Should Landlord be in default under any of the terms of this Lease,
Tenant shall give Landlord prompt written notice thereof in the manner
specified in Section 12.1, Notices, and Tenant shall allow Landlord a
reasonable length of time in which to cure such default, which time shall not
in any event be less than Thirty (30) days from the date of receipt of such
notice.

Section 11.4      Short Form Lease

         Tenant agrees not to record this Lease without the express written
consent of Landlord.

Section 11.5      Surrender of Premises and Holding Over

         A) Tenant shall give written notice to Landlord not less than One
Hundred and Eighty (180) days nor more than Two Hundred Forty (240) days prior
to the expiration of the Lease term and each extension or renewal thereof of
Tenant's intention to: (i) vacate the Premises at the end of the Lease term or
extension or renewal; (ii) to enter into a new lease agreement for the Premises
at terms to be negotiated by Landlord and Tenant, if no such renewal or
extension rights remain. As to (ii) above, Tenant shall deliver to Landlord an
executed copy of the new lease agreement within Thirty (30) days after receipt
of said document from Landlord. In the event that Tenant 1) fails to notify
Landlord of Tenant's intention to vacate the Premises at the expiration of the
Lease term; or

                                      -50-

<PAGE>   54

2) fails to execute a new lease agreement as specified above, Tenant shall be
in default of this Lease and Landlord shall have the right to appropriate the
entire amount of the Security Deposit as liquidated damages and to declare this
Lease terminated.

         B) At the expiration of the tenancy and subject to Paragraph 11.5A,
Tenant shall surrender the Premises in good condition, reasonable wear and tear
excepted, and damage by unavoidable casualty (except to the extent that the
same is covered by Landlord's fire insurance policy with extended coverage
endorsement), and Tenant shall surrender all keys for the Premises to Landlord
at the place then fixed for the payment of Rent and shall inform Landlord of
all combinations on locks, safes and vaults, if any, in the Premises. Tenant
shall remove all its trade fixtures and any alterations or improvements,
subject to the provisions of Section 6.5, before surrendering the Premises, and
shall repair, at its own expense, any damage to the Premises caused thereby.
Tenant's obligations to observe or perform this covenant shall survive the
expiration or other termination of the term of this Lease. In the event Tenant
remains in possession of the Premises after the expiration of the tenancy
created hereunder, whether or not with the consent or acquiescence of Landlord,
and without the execution of a new lease, Tenant, at the option of Landlord,
shall be deemed to be occupying the Premises as a tenant at will on a
week-to-week tenancy and in no event on a month-to-month or on a year-to-year
tenancy. The rent during this week-to-week tenancy shall be payable weekly at
twice the Fixed Minimum Rent, and twice all other charges due hereunder, and it
shall be subject to all the other terms, conditions, covenants, provisions and
obligations of this Lease, and no extension or renewal of this Lease shall be
deemed to have

                                      -51-

<PAGE>   55

occurred by such holding over. Tenant's obligations to observe or perform this
covenant shall survive the expiration or other termination of the term of this
Lease.

Section 11.6      Estoppel Certificate

         Tenant agrees to provide at any time, within Ten (10) days of
Landlord's written request, a statement certifying that this Lease is
unmodified and in full force and effect or, if there have been modifications,
that same are in full force and effect as modified and stating the
modifications, and the dates to which the Fixed Minimum Rent and other charges
have been paid in advance, if any. It is intended that any such statement
delivered pursuant to this paragraph may be relied upon by any prospective
purchaser or mortgagee of the Premises.

Section 11.7      Delay of Possession

         If the Landlord is unable to give possession of the Premises on the
date of the commencement of the aforesaid term by reason of the holding over of
any prior tenant or tenants or for any other reason; an abatement or diminution
of the rent to be paid hereunder shall be allowed Tenant under such
circumstances, but nothing herein shall operate to extend the term of the Lease
beyond the agreed expiration date; and said abatement of rent shall be the full
extent of Landlord's liability to Tenant for any loss or damage to Tenant on
account of said delay in obtaining possession of the Premises.

                                      -52-

<PAGE>   56

Section 11.8      Compliance With Law, Waste And Quiet

         Tenant shall comply with all governmental laws, ordinances and
regulations applicable to the use of the Premises and shall promptly comply
with all governmental orders and directives for the correction, prevention and
abatement of nuisances in, upon, or connected with the Premises, all at
Tenant's sole risk and expense. Tenant shall not commit, or suffer to be
committed, any waste upon the Premises or any nuisance, other act, or thing
which may disturb the quiet enjoyment of any other tenant in the Building in
which the Premises may be located.

Section 11.9      Rules and Regulations

         Tenant's use of the Premises shall be subject, at all times during the
term of this Lease, to Landlord's right to adopt in writing, from time to time,
modify and/or rescind reasonable Rules and Regulations not in conflict with any
of the express provisions hereof governing the use of the parking areas, walks,
driveways, passageways, signs, exterior of Building, lighting and other matters
affecting other tenants in and the general management and appearance of the
Building of which the Premises are a part, but no such rule or regulation shall
discriminate against Tenant. The current Rules and Regulations are attached
hereto as Exhibit "C" and made a part hereof.

Section 11.10     Abandonment

                                      -53-

<PAGE>   57

         Tenant shall not vacate or abandon the Premises at any time during the
term of this Lease, nor permit the Premises to remain unoccupied for a period
longer than Ten (10) consecutive days during the term of this Lease; and if
Tenant shall abandon, vacate or surrender the Premises, or be dispossessed by
process of law or otherwise, any personal property belonging to Tenant left on
the Premises shall, at the option of the Landlord be deemed abandoned.

                                  ARTICLE XII

                            MISCELLANEOUS PROVISIONS

Section 12.1      Notices

         Whenever notice shall or may be given to either of the parties by the
other, each such notice shall be either delivered in person or sent by
registered or certified mail, with return receipt requested.

         Notice to Landlord shall be sent to the address specified in Item 14
of the Definitions.

         Notice to Tenant shall be sent to the address specified in Item 14 of
the Definitions.

         If by mail, any notice under this Lease shall be deemed to have been
given at the time it is

                                      -54-

<PAGE>   58

received by the addressee.

Section 12.2      Entire and Binding Agreement

         This Lease contains all of the agreements between the parties hereto,
and it may not be modified in any manner other than by agreement in writing
signed by all parties hereto or their successors in interest. Tenant shall pay
Landlord for any and all legally-related expenses which may be incurred by
Landlord in connection with the review or preparation of all lease-related
documents including, without limitation, consents, amendments, modifications
and assignments therewith. The terms, covenants and conditions contained herein
shall inure to the benefit of and be binding upon Landlord and Tenant and their
respective heirs, successors and as-signs, except as may be otherwise expressly
provided in this Lease.

Section 12.3      Provisions Severable

         If any term or provision of this Lease or the application thereof to
any person or circumstance shall, to any extent, be illegal, invalid or
unenforceable, the remainder of this Lease, or the application of such term or
provision to persons or circumstances other than those to which it is held
illegal, invalid or unenforceable shall not be affected hereby and each term
and provision of this Lease shall be valid and be enforced to the fullest
extent permitted by law.

                                      -55-

<PAGE>   59

Section 12.4      Captions

         The captions contained herein are for convenience and reference only
and shall not be deemed as part of this Lease or construed as in any manner
limiting or amplifying the terms and provisions of this Lease to which they
relate.

Section 12.5      Relationship of the Parties

         Nothing herein contained shall be deemed or construed as creating the
relationship of principal and agent or of partnership or joint venture between
the parties hereto; it being understood and agreed that neither, the method of
computing rent nor any other provision contained herein nor any acts of the
parties hereto shall be deemed to create any relationship between the parties
other than that of Landlord and Tenant.

Section 12.6      Accord and Satisfaction

         No payment by Tenant or receipt by Landlord of a lesser amount than
the Rent herein stipulated shall be deemed to be other than on account of the
earliest stipulated Rent nor shall any endorsement or statement on any check or
any letter accompanying any check or payment as Rent be deemed an accord and
satisfaction, and Landlord may accept such check or payment without prejudice
to Landlord's right to recover the balance of such Rent or pursue any other
remedy

                                      -56-

<PAGE>   60

provided for in this Lease or available at law or in equity.

Section 12.7      Broker's Commission

         Tenant warrants that there are no claims for broker's commissions or
finder's fees in connection with its execution of this Lease and agrees to
indemnify and save Landlord harmless from any liability that may arise from
such claim, including reasonable attorneys' fees.

Section 12.8      Corporate Status

         If Tenant is a corporation, Tenant's corporate status shall
continuously be in good standing and active and current with the state of its
incorporation and the state in which the Building is located at the time of
execution of the Lease and at all times thereafter and Tenant shall keep its
corporate status active and current throughout the term of the Lease or any
extensions or renewals. Tenant shall annually file with Landlord a current copy
of the Certificate of Good Standing under Seal. Failure of Tenant to keep its
corporate status active and current shall constitute a default under the terms
of the Lease. In the event this Lease is signed on behalf of Tenant by a person
in a representative capacity, each of the person or persons signing in such
capacity represents and warrants to the Landlord and its successors and assigns
that:

         a.       Their execution and delivery of this Lease has been duly and
                  validly authorized and

                                      -57-

<PAGE>   61

         all requisite actions have been taken to make it valid and binding on
         the entity they represent.

                      THIS SPACE LEFT BLANK INTENTIONALLY

                                      -58-

<PAGE>   62

         b.       The entity they represent will, on the date of the
                  commencement of this Lease. be duly organized, validly
                  existing and in good standing in the state of its
                  organization and entitled to conduct its business in the
                  state where the Premises is located.

         In the event of a breach of the foregoing representations and
warranties, the person or persons signing this Lease on behalf of the Tenant
shall be personally responsible for the Tenant's obligations under this Lease.

         IN WITNESS WHEREOF, Landlord and Tenant above duly executed this Lease
as of the day and year first above written, each acknowledging receipt of an
executed copy hereof.

WITNESSES:                                LANDLORD:
                                          MCH MEDICAL CENTER, LTD.

                                          By:      MCH PROPERTIES, INC.,
                                                   as SOLE GENERAL PARTNER

                                          By:
                                                   MARIO E. HENRIQUEZ,
                                                      President

                                      -59-

<PAGE>   63

WITNESSES:                                   TENANT:
                                             FLORIDA COASTLINE COMMUNITY
                                             GROUP, INC.

                                             By:
                                                      HANS C. MUELLER,
                                                      Chief Executive Officer

                                      -60-

<PAGE>   64

                                   EXHIBIT A

A portion of the North 3/4 of the NW 1/4 of the NW 1/4 of the NW 1/4 of Section
3, Township 55 South, Range 40 East, Dade County, Florida, being more
particularly described as follows:

Commencing at the Northwest corner of the NW 1/4 of said Section 3; thence run
South 0 degrees 26 minutes 35 seconds West along the West line of the said NW
1/4 of Section 3 for a distance of 55.00 feet to a point on the South
right-of-way line of S.W. 88th Street (North Kendall Drive); thence run East
along the said South right-of-way line of S.W. 88th Street (North Kendall
Drive), said right-of-way line being parallel to the North line of the said NW
1/4 of Section 3, for a distance of 422.83 feet to the point of beginning of
the parcel of land herein described; thence from the above established point of
beginning run South 0 degrees 26 minutes 35 seconds West for a distance of
276.42 feet; thence run West for a distance of 122.32 feet; thence run South 0
degrees 26 minutes 35 Seconds West for a distance of 158.40 feet to a point of
intersection with the South line of the aforesaid North 3/4 of the NW 1/4 of
the NW 1/4 of the NW 1/4 of Section 3; thence run South 89 degrees 44 minutes
09 seconds East along the said line of the North 3/4 of the NW 1/4 of the NW
1/4 of the NW 1/4 of Section 3 for a distance of 138.98 feet to a point of
intersection with the northwesterly right-of-way line of S.W. 87th Avenue, said
point lying on a circular curve concave to the northwest, said point bearing
South 49 degrees 58 minutes 28 seconds East from the center of said curve;
thence run Northwesterly along the said Northwesterly right-of-way line of S.W.
87th Avenue and along the arc of said circular curve to the left having for its
elements a radius of 914.93 feet and a central angle of 28 degrees 29 minutes
24 Seconds for an are distance of 454.94 feet to a point of compound curvature
with a circular curve to the left; thence to the left along said curve

<PAGE>   65

having for its elements a radius of 25.0 feet and a central angle of 101
degrees 32 minutes 08 seconds for an arc distance of 44.0 feet to the point of
tangency, said point lying on the aforesaid South right-of-way line of S.W.
88th Street (North Kendall Drive); thence run Wes along the said right-of-way
line of S.W. 88th Street (North Kendall Drive) for a distance of 184.63 feet to
the point of beginning. (8700 North Kendall Drive)

<PAGE>   66

                                   EXHIBIT B

<PAGE>   67

                                   EXHIBIT C

                             RULES AND REGULATIONS

         1. The sidewalks, entrances, passages, courts, elevators, vestibules,
stairways, corridors, or halls shall not be obstructed or encumbered by any
TENANT or used for any purpose other than ingress and egress to and from the
demised premises.

         2. No awnings or other projections shall be attached to the outside
walls of the building without the prior written consent of the LANDLORD. No
curtains, blinds, shades or screens shall be attached to or hung in, or used in
connection with, any window or door of the demised premises, without the prior
written consent of the LANDLORD. Such awnings, projections, curtains, blinds,
shades, screens, or other fixtures must be of a quality, type, design, and
color, and attached in the manner approved by the LANDLORD.

         3. No sign, advertisement, notice, or other lettering shall be
exhibited, inscribed, painted, or affixed by any TENANT on any part of the
outside or inside or the demised premises or building without the prior written
consent of the LANDLORD. In the event of the violation of the foregoing by any
TENANT, LANDLORD may remove same without any liability, and may charge the
expense incurred by such removal to the TENANT or TENANTS violating this rule.
Interior signs on doors and directory tablet shall be inscribed, painted, or
affixed at the expense of the

                                      -1-

<PAGE>   68

TENANT, and shall be of a size, color, and style acceptable to the LANDLORD.

         4. The sashes, sash door, skylights, windows, and doors that reflect
or admit light and air into the halls, passageways, or other public places in
the building shall not be covered or obstructed by any TENANT, nor shall any
bottles, parcels or other articles be placed on the windowsills.

         5. The water and wash closets and other plumbing fixtures shall not be
used for any purpose other than those for which they were constructed and no
sweepings, rubbish, rags, or other substances shall be thrown therein. All
damages resulting from any misuse of the fixtures shall be borne by the TENANT
who, or whose servants, employees, agents, visitors, or licensees shall have
caused the same.

         6. No TENANT shall mark, paint, drill into, or in any way deface any
part of the demised premises or the building of which they form a part. No
boring, cutting, or stringing of wires shall be permitted, except with the
prior written consent of the LANDLORD, and as it may direct.

         7. No bicycles, vehicles, or animals of any kind shall be brought into
or kept in or about the premises, and no cooking shall be done or permitted by
any TENANT on said premises. No TENANT shall cause or permit any unusual or
objectionable odors to be produced upon or permeate from the demised premises.

                                      -2-

<PAGE>   69

         8. No TENANT shall make, or permit to be made, any unseemly or
disturbing noises or disturb or interfere with occupants of this or neighboring
buildings or premises or those having business with them, whether by the use of
any musical instrument, radio, talking machine, unmusical noise, whistling,
singing, or in any other way. No TENANT shall throw anything out of the doors,
windows, or skylights, or down the passageways.

         9. No additional locks or bolts of any kind shall be placed upon any
of the doors or windows by any TENANT, nor shall any changes he made in
existing locks or the mechanism thereof. Each TENANT must, upon termination of
his tenancy, restore to the LANDLORD all keys of offices and toilet rooms,
either furnished to, or otherwise procured by, such TENANT and in the event of
the loss of any keys so furnished, such TENANT shall pay to the LANDLORD the
cost thereof.

         10. All removals, or the carrying in or out of any safes, freight,
furniture, bulky matter of any description must take place during the hours
which the LANDLORD or its agent may determine from time to time. The LANDLORD
reserves the right to prescribe the weight and position of all safes, which
must be placed upon 2-inch thick plank strips to distribute the weight. The
moving of safes or other fixtures or bulky matter of any kind must be made
after previous notice to the Manager of the building. Any damage done to the
building or to the tenants or to other persons in bringing in or removing
safes, furniture or other bulky or heavy articles shall be paid for by TENANT.

                                      -3-

<PAGE>   70

         11. No TENANT shall occupy or permit any portion of the premises
demised to him to be used for manufacturing or for the possession, storage,
manufacture, or sale of liquor or narcotics or as a barber or manicure shop, or
as an employment bureau, unless lease so provides. No TENANT shall engage or
pay any employees on the demised premises, except those actually working for
such TENANT on said premises, nor advertise for laborers giving and address at
said premises.

         12. Each TENANT, before closing and leaving the said premises at any
time, shall see that all windows are closed. All tenants and occupants must
observe strict care not to leave their windows open when it rains, and for any
default or carelessness in these respects, or any of them, shall make good any
injury sustained by other tenants, and to the LANDLORD for damage to paint,
plastering or other parts of the building, resulting from default or
carelessness.

         13. The premises shall not be used for gambling, lodging or sleeping
or for any immoral or illegal purposes.

         14. The requirements of TENANTS will be attended to only upon
application at the office of the building. Employees shall not perform any work
or do anything outside of the regular duties, unless under special instructions
from the office of the LANDLORD.

         15. Canvassing, soliciting, and peddling in the building is prohibited
and each TENANT

                                      -4-

<PAGE>   71

shall cooperate to prevent the same.

         16. TENANT shall have the free use of the mail chutes installed in the
building, but the LANDLORD in no way guarantees the efficiency of the said mail
chutes and shall be in no way responsible for any damage or delay which may
arise from the use thereof.

         17. The LANDLORD specifically reserves the right to refuse admittance
to the building after 7 p.m. daily, or on Sundays or on legal holidays, to any
person or persons who cannot furnish satisfactory identification, or to any
person or persons who, for any other reason in the LANDLORD'S judgment, should
be denied access to the premises. The LANDLORD, for the protection of the
TENANTS and their effects may prescribe hours and intervals during the night,
on Sundays and Holidays, when all persons entering and departing the Building
may be required to enter their names, the offices to which they are going or
from which they are leaving, and the time of entrance or departure in a
Register provided for that purpose by the LANDLORD.

         18. The LANDLORD may retain a pass key to the leased premises, and be
allowed admittance thereto at all times to enable its representative to examine
the said premises.

         19. The LANDLORD reserves the right to make such other and further
reasonable rules and regulations as in its judgment may from time to time be
needful for the safety, care and cleanliness of the premises, and for the
preservation of good order therein, and any such other or

                                      -5-

<PAGE>   72

further rules and regulations shall be binding upon the parties hereto with the
same force and effect as if they had been inserted herein at the time of the
execution hereof.

         20. No TENANT, nor any of the TENANT'S servants, employees, agents,
visitors, or licensees, shall at any time bring or keep upon the demised
premises any inflammable, combustible, or explosive fluid, chemical or
substance.

         21. PARKING. The TENANT agrees to observe all parking rules and
regulations as established by the LANDLORD, or his Agent, also, the TENANT
agrees to cooperate to see that. all employees, clients, customers, or
suppliers, also observe the parking arrangements on all parking areas
controlled by ownership or leased by the LANDLORD.

                                      -6-

<PAGE>   73

                                   EXHIBIT D

                  COVENANT RUNNING WITH THE LAND IN FAVOR OF
                            METROPOLITAN DADE COUNTY

         The undersigned. I.R.E. Real Estate Income Fund, Ltd. as the owner(s)
of the following described real property (hereinafter called "the Property"):

                            SEE ATTACHED EXHIBIT "A"

Located at 8700 NORTH KENDALL DRIVE, MIAMI, FLORIDA, pursuant to Section
24-12.1(5)(a) of the Code of Metropolitan Dade County, hereby submit(s) this
executed covenant running with the liquid in favor of Metropolitan Dade County:

The undersigned agree(s) and covenant(s) to the following:

         1. Hazardous materials, shall not be used, generated, handled,
disposed of, discharged or stored on that portion of the Property within the
Northwest Wellfield protection area or within the West Wellfield Interim
Protection Area or within the basic wellfield protection area of any public
utility potable water supply well and hazardous wastes shall not be used,
generated, handled, disposed of, discharged or stored on that portion of the
Property within the average day pumpage wellfield protection area but not
within the basic wellfield protection area of the Alexander Orr

                                      -1-

<PAGE>   74

Wellfield, Snapper Creek Wellfield, Southwest Wellfield, Miami Springs Lower
Wellfield, Miami Springs Upper Wellfield, John E. Preston Wellfield or Hialeah
Wellfield unless a variance is granted by the Environmental Quality Control
Board, pursuant to Chapter 24 of the Code of Metropolitan Dade County, and if
so granted; said hazardous materials or hazardous wastes may be used, handled,
generated, disposed of, discharged or stored on the property only to the extent
permitted by any such variance from the Environmental Quality Control Board of
Metropolitan Dade County.

         2. Fuels and lubricants required for rockmining operations (lake
excavations, concrete batch plants, rock crushing and aggregate plants) within
the Northwest Wellfield protection area or within the West Wellfield interim
protection area; electrical transformers serving non-residential land uses;
small quantity generators of hazardous wastes as defined in Chapter 24 of the
Metropolitan Dade County Code within the average day pumpage wellfield
protection area but not within the basic wellfield protection area of the
Alexander Orr Wellfield, Snapper Creek Wellfield, Southwest Wellfield, Miami
Springs Lower Wellfield, Miami Springs Upper Wellfield, John E. Preston
Wellfield or Hialeah Wellfield; and existing land uses required by the director
or his designee to correct violations of this chapter; shall not be prohibited
when the following water pollution prevention and abatement measures and
practices will be provided:

         (i)      Monitoring and detection of water pollution caused by
                  hazardous materials, and

         (ii)     Secondary containment of water pollution caused by hazardous
                  materials, and

                                      -2-

<PAGE>   75

         (iii)    Inventory control and record-keeping of hazardous materials,
                  and

         (iv)     Stormwater management of water pollution caused by hazardous
                  materials, and

         (v)      Protection and security of facilities utilized for the
                  generation, storage, usage, handling, disposal or discharge
                  of hazardous materials.

Said water pollution prevention and abatement measures and practices shall be
subject to the approval of the director of the department of environmental
resources management or his designee.

         3. The use, handling or storage of factory pre-packaged products
intended primarily for domestic use or consumption determined by the director
of the department of environmental resources management or his designee to be
hazardous materials shall not be prohibited, provided however, that:

         (i)      The use, handling or storage of said factory pre-packaged
                  products occurs only within a building, and

         (ii)     The non-residential land use is an office building use (or
                  equivalent municipal land use) or a business district use (or
                  equivalent municipal land use) engaged exclusively in retail
                  sales of factory pre-packaged products intended primarily for
                  domestic use

                                      -3-

<PAGE>   76

                  or consumption, and

         (iii)    The non-residential land use is served or is to be served by
                  an operable public water main and an operable public sanitary
                  sewer, and

         (iv)     Said building is located more than thirty (30) days' travel
                  time from any public utility potable water supply well.

         4. Prior to the entry into a landlord-tenant relationship with respect
to the Property, the undersigned agree(s) to notify in writing all proposed
tenants of the Property of the existence and contents of this Covenant.

         5. The undersigned agree(s) and covenant(s) that this Covenant and the
provisions contained herein may be enforced by the Director of the Department
of Environmental Resources Management by preliminary and permanent. prohibitory
and mandatory injunctions as well as otherwise provided for by law or
ordinance.

         6. This agreement and Covenant shall be recorded in the Public Records
of Dade County, Florida and the provisions hereof shall constitute a Covenant
Running With the Land and shall remain in full force and effect and be binding
upon the undersigned. their heirs, legal representatives, estates, successors,
grantees and assigns.

                                      -4-

<PAGE>   77

         7. This agreement and Covenant shall upon request by the undersigned
be released by the director of the Department of Environmental Resources
Management or his designee when the director or his designee determines that
the Property is neither within the Northwest Wellfield protection area nor
within the West Wellfield interim protection area nor within the average day
pumpage wellfield protection area of the Alexander Orr Wellfield, Snapper Creek
Wellfield, Southwest Wellfield, Miami Springs Lower Wellfield, Miami Springs
Upper Wellfield, John E. Preston Wellfield or Hialeah Wellfield nor within the
basic wellfield protection area of any public utility potable water supply
well.

         IN WITNESS WHEREOF, the undersigned have caused this Covenant to be
executed this____ day of ______________, 19__.

                                    OWNER(S) I.R.E. REAL ESTATE INCOME FUND,
                                             LTD. a dissolved Florida limited
                                             partnership acting by and through
                                             I.R.E. Income Advisors, Corp., a
                                             Florida corporation, its Managing
                                             General Partner

                                      -5-

<PAGE>   78

                                   By:
                                         Glen R. Gilbert
                                         Title (if any) Senior Vice President

Witnesses As to Owner(s)           Title (if any)

STATE OF FLORIDA

COUNTY OF DADE

         BEFORE ME, personally appeared GLEN R. GILBERT, SENIOR, VICE PRESIDENT
to me well known to be the person(s) described in and who executed the
foregoing instrument, and acknowledge to and before me that they executed said
instrument under oath, and for the purposes therein expressed.

         WITNESS my hand and official seal this ____ day of ___________, 19__.

                                       Notary Public, State of Florida at Large

                                      -6-

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