Document:

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                                                                   EXHIBIT 10.55

                   WAIVER UNDER LOAN AND SECURITY AGREEMENT
                   ----------------------------------------

THIS WAIVER UNDER LOAN AND SECURITY AGREEMENT, dated as of January 10, 2001
(this "Waiver"), is made by and between GENERAL ELECTRIC CAPITAL CORPORATION, a
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New York corporation ("Lender"), NUTRITION FOR LIFE INTERNATIONAL, INC., a Texas
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corporation ("Leading Borrower"), NL ACQUISITION COMPANY, a Delaware corporation
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("NLAC"), ASH CORP. f/k/a AC ACQUISITION COMPANY, a Delaware corporation
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("ASH"), BACTOLAC PHARMACEUTICAL INC. f/k/a BPI ACQUISITION COMPANY, a Delaware
  ---
corporation ("BPI"; Leading Borrower, ASH, NLAC and BPI being collectively
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referred to as "Borrowers").
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                                  WITNESSETH:
                                  ----------

WHEREAS, Borrowers and Lender are parties to that certain Loan and Security
Agreement, dated as of November 15, 1999 (as it may be amended, restated,
modified or supplemented from time to time, the "Loan Agreement"; capitalized
                                                 --------------
terms used herein shall have the meanings ascribed thereto in the Loan
Agreement) under which Lender agreed to make certain loans and extension of
credit to Borrowers; and

WHEREAS, Borrower has requested that Lender waive certain Events of Default
under Loan Agreement, as more fully set forth herein, and Lender is agreeable to
such request only on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises, the covenants and agreements
contained herein, and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties do hereby agree as
follows:

                              STATEMENT OF TERMS
                              ------------------

     1.   Waiver of Default. Lender hereby waives the Events of Default arising
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solely out of Borrower's failure (a) to maintain a Minimum Net Worth of
$25,500,000 for the period ending September 30, 2000, as required by Section 4.2
to the Loan Agreement and Section 2 of Schedule G to the Loan Agreement, and (b)
to maintain a Fixed Charge Coverage of not less than 1.5 to 1.0 for the period
ending September 30, 2000 as required by Section 4.2 of the Loan Agreement and
Section 1 of Schedule G to the Loan Agreement.

     2.   Representations and Warranties. To induce Lender to enter into this
          ------------------------------
Waiver, each Credit Party hereto hereby represents and warrants to Lender that:
(a) each representation and warranty of the Credit Parties set forth in the Loan
Agreement is true and correct on and as of the date hereof after giving affect
to this Waiver (except to the extent that any representation or warranty
expressly relates to a prior specific date or period in which case it is true
and correct as of such prior date or period); (b) no Default or Event of Default
has occurred and is continuing as of this date under the Loan Agreement after
giving effect to this Waiver; (c) each Credit Party hereto has the power and is
duly authorized to enter into, deliver and perform this Waiver; and (d) this
Waiver is the legal, valid and binding obligation of such Credit Party
enforceable against it in accordance with its terms.
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     3.   Conditions Precedent to Effectiveness of this Waiver. The
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effectiveness of this Waiver is subject to the fulfillment of the following
conditions precedent:

          (a)  Lender shall have received one or more counterparts of this
Waiver duly executed and delivered by the Credit Parties hereto; and

          (b)  Lender shall have received a Waiver Fee of $10,000 and a
Documentation Fee of $500.

     4.   Special Covenant Concerning Appraisals. Lender shall be provided an
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updated appraisal on all machinery and equipment located at ASHCO. The appraisal
will be performed on a net orderly liquidation basis by an appraiser acceptable
to the Lender. Borrower will reimburse Lender for all expenses relating to the
appraisal. Borrower's failure to comply with this covenant shall be Event of
Default under the Loan Agreement.

     5.   Continuing Effect of Loan Agreement. Except as expressly modified
          -----------------------------------
hereby, the provisions of the Loan Agreement, and the Liens granted thereunder,
are and shall remain in full force and effect and this Waiver shall be limited
precisely as drafted and shall not constitute a waiver of any Event of Default
or a modification of any terms and conditions of the Loan Agreement other than
as expressly set forth herein. The granting of the Waiver shall not impose or
imply any obligation on Lender to grant a waiver on any future occasion.

     6.   Counterparts. This Waiver may be executed in multiple counterparts,
          ------------
each of which shall be deemed to be an original and all of which when taken
together shall constitute one and the same instrument.

     7.   Governing Law. THIS WAIVER SHALL BE GOVERNED BY, AND CONSTRUED IN
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ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO
CONTRACTS MADE AND PERFORMED IN SUCH STATE WITHOUT REGARD TO THE PRINCIPLES
THEREOF REGARDING CONFLICTS OF LAWS.

IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be duly
executed and delivered as of the day and year first specified above.

                                        NUTRITION FOR LIFE INTERNATIONAL, INC.

                                        By:___________________________________
                                        Name:
                                        Title:

                                     -2-
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                                          NL ACQUISITION COMPANY
                                          ASH CORP. f/k/a AC ACQUISITION CORP.
                                          BACTOLAC PHARMACEUTICAL INC. f/k/a
                                          BPI ACQUISITION COMPANY

                                          By:_________________________________
                                          Name:
                                          Title:

                                          GENERAL ELECTRIC CAPITAL CORPORATION

                                          By:_________________________________
                                          Name:
                                          Title: Duly Authorized Signatory

                                      -3-SUBLEASE

     THIS  SUBLEASE  is made as of  February  1,  2001,  by and  between  Metron
Integrated Health Systems,  Inc., a Michigan corporation,  of 3075 Orchard Vista
Drive,  S.E. Grand Rapids,  Michigan 49546, as sub-lessor  ("LANDLORD"),  and eZ
Bancorp,  Inc.,  1093  Charlevoix  Drive,  Grand Ledge,  MI 48837, as sub-lessee
("TENANT").

     IN  CONSIDERATION  of the mutual  covenants  contained in this Sublease and
other good and valuable consideration, Landlord and Tenant agree as follows:

1.   SUBLEASED PREMISES; QUIET ENJOYMENT.

     (a) Landlord subleases to Tenant and Tenant subleases from Landlord certain
office space in the building  located at 3075 Orchard Vista Drive,  S.E.,  Grand
Rapids, Michigan, legally described on the attached Exhibit A ("Building").  The
subleased premises contain approximately 2,258 Square feet of rentable space and
are  located in the area of the  Building  depicted  on the  attached  Exhibit B
("Premises"). Landlord also grants to Tenant the nonexclusive right to use those
portions of the Building available for common use by all tenants in the Building
and not  intended  to be leased,  such as  parking  areas,  sidewalks,  lobbies,
stairwells,  and interior corridors  ("Common Areas"),  subject to the following
conditions:  (i) the  Common  Areas  may  also be  used by  anyone  else to whom
Landlord  has or may  hereafter  in its sole  discretion  grant the right to use
them; (ii) Tenant shall make no use of the Common Areas which would interfere in
any way with the use of the Common  Areas by any other  person;  (iii)  Landlord
shall have the right from time to time in its sole discretion to close,  repair,
and modify the Common Areas, to change the location or character of them, and to
adopt rules and regulations pertaining to them; provided,  however; that none of
the above shall  unreasonably  interfere with the operation of Tenant's business
in the  Premises;  and (iv) Tenant and its employees  shall park their  vehicles
only in those  portions  of the  parking  area  designated  for that  purpose by
Landlord.

     (b) Tenant  shall have  reasonable  rights to display its name on the glass
exterior  door near Tenant's  Premises at the rear of the Building.  The design,
size,  and  appearance  of such  signage  shall be subject to  Landlord's  prior
written approval, which shall not be unreasonably withheld.

     (c) Landlord  reserves the right to install,  maintain,  use,  repair;  and
replace pipes, duct work, wires, and the like throughout the Premises.  Landlord
shall use reasonable efforts to make all such installations and perform all work
related thereto so as to avoid unreasonable interference with or interruption of
the business operations of Tenant.

     (d) If Tenant pays Rent (as defined  below) as required under this Sublease
and observes and performs all of the other terms,  covenants,  and conditions in
this  Sublease,  Tenant may peaceably and quietly enjoy the Premises,  free from
disturbance  by any one,  claiming  through  or under  Landlord,  subject to the
Master Lease.

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2.   SUBLEASE  SUBORDINATE.  This  Sublease  and the rights of Tenant under this
Sublease  shall at all times be  subordinate  to the  terms of a certain  Lease,
dated  February  10, 1995,  between  Landlord,  as tenant,  and B H Piersma Real
Estate II, L.L.C. ("B H PIERSMA"),  as landlord ("MASTER LEASE").  A copy of the
Master Landlord Nondisturbance  Agreement is attached as Exhibit C. In the event
the terms of this  Sublease  conflict  with the terms of the Master  Lease,  the
terms of the Master Lease shall control. Notwithstanding the foregoing, Landlord
warrants to Tenant that Landlord has the right to sublease the Premises.

3.    USE OF PREMISES.

     (a) Tenant shall use the Premises for general office purposes, specifically
bank offices (subject to (b) below),  but for no other purpose without the prior
written consent of Landlord, which Landlord may withhold in its sole discretion.
Tenant shall have access to the Premises  twenty-four  (24) hours per day, seven
(7) days per week.

     (b) Tenant shall not use the  Premises,  or permit the Premises to be used,
in a manner that violates any applicable law, order,  zoning or other ordinance,
rule , or regulation of applicable authority, in a manner that may be dangerous,
or in a manner that  breaches  the terms of the Master  Lease.  Tenant shall not
commit  any waste on the  Premises,  permit any  objectionable  noise or odor to
escape from the Premises,  or in any other manner permit  anything to be done on
the Premises tending to create a nuisance, to disturb others, or, in the opinion
of Landlord, to injure the reputation of the Building.

4.   TERM.   The  term  of  this  Sublease  shall  begin  on  February  1,  2001
("COMMENCEMENT  DATE"),  and shall  expire at midnight on July 31, 2002  unless,
sooner terminated as provided in this Sublease  ("INITIAL  TERM").  Landlord and
Tenant  acknowledge  and agree that the Term (as defined below) shall  terminate
upon thirty (30) days' written notice from B H Piersma that the Master Lease has
terminated  or expired  except as  otherwise  provided  in the  Master  Landlord
Nondisturbance  Agreement  attached  hereto.  Provided  no  default  shall  have
occurred under this Sublease,  Tenant shall have the option to renew the Initial
Term for one  additional 6 month period  ("RENEWAL  TERM") on the same terms and
conditions  of this  Sublease.  If Tenant  desires to exercise  any such renewal
option,  it shall do so by giving Landlord written notice thereof not later than
ninety days (90) prior to the  expiration  of the Initial  Term. As used in this
Sublease,  the word  "TERM"  shall mean the Initial  Term and the Renewal  Term,
unless the context clearly requires otherwise.

5.   RENT DURING INITIAL TERM.

     (a)  Tenant  shall pay  Landlord,  as base rent for the  Premises  ("Rent")
during  the  Initial  Term,  a total of $47,250  Commencing  on the first day of
February 1, 2001, and continuing  throughout the Initial Term.  Tenant shall pay
Rent in advance in equal  monthly  installments  per rent  schedule  below on or
before the fifteenth  (15th) day of each calendar month at a location  specified
from time to time by Landlord in writing.

     (b) Any installment of Rent not received by Landlord on or before the fifth
day  following  the date it is due shall incur a one-time  late charge  equal to
five percent (5%) of the

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total  amount  outstanding  and unpaid to Landlord  ("LATE  FEE").  In addition,
Tenant shall pay to Landlord on demand interest on any such late  installment at
the lesser of twelve  percent  (18%) per annum or the highest  interest  rate to
which  Tenant  could  lawfully  agree in writing  ("DEFAULT  RATE").  Landlord's
acceptance of any Late Fee or interest  shall not be deemed a waiver by Landlord
of Tenant's  breach  under this s Sublease.  Any  payments  received by Landlord
under this Sublease shall be applied in the following order:  first, to any Late
Fee and  interest  charges;  next,  to any other sums due and payable by Tenant;
then, to Rent.

6.   RENT DURING RENEWAL TERM. Rent shall be per the rent schedule below for the
renewal lease term.

       Period                             Rent/Sq. Ft.              Rent/Month
08-01-02 thru 01-31-03                     $13.95                   $ 2,625.00

7.   SECURITY DEPOSIT.  As security for Tenant's faithful  performance of all of
its obligations under this Sublease,  Tenant has deposited with Landlord the sum
of Two  Thousand,  Six Hundred and Twenty Five Dollars,  ($2,625.00)  ("SECURITY
DEPOSIT"). The Security Deposit shall not bear interest. Landlord shall have the
right (but not the obligation) to apply all or any part of the Security  Deposit
toward  any  amount  Tenant  has  failed  to pay to apply all or any part of the
Security  Deposit toward any amount Tenant has failed to pay under this Sublease
on timely basis. If Landlord does apply the Security Deposit to any such amount,
Tenant shall on demand  replenish the Security Deposit to its initial amount set
forth above. If Landlord  assigns or in any other manner transfers its interests
under this  Sublease,  Landlord  shall have the right to  deliver  the  Security
Deposit to Landlord's transferee, and Landlord shall thereafter be released from
all liability to Tenant for return of the Security Deposit.

8.   TENANT'S POSSESSION. Landlord has agreed to make the following improvements
to the  Premises  prior to  February  1,  2001:  repaint  and  patch  walls  and
baseboard;  move door on copy room; and install  kitchen sink with sump pump and
overhead  drainage  for liquid waste only.  Except as  otherwise  stated in this
Sublease,  neither Landlord nor Landlord's agents have made any  representations
or  promises  regarding  the  physical  condition  of the  Premises or and other
portion of the Building.

9.   UTILITIES AND SERVICES.  Landlord shall provide the following utilities and
services to the Premises,  at Landlord's cost and expense:  HVAC, light,  power,
sewer,  gas,  water,  snow  removal,  janitorial  and trash  removal.  Utilities
services shall be available during normal business hours as well as after normal
business hours and on weekends and holidays as reasonably  required for Tenant's
business  purposes.  Tenant shall arrange to have all other services provided to
the Premises,  specifically  including,  without limitation,  telecommunications
services, at Tenant's sole cost and expense and under accounts billed separately
to and in the name of  Tenant.  Landlord  shall  have no  liability  to  Tenant,
through  abatement of Rent or otherwise,  for any  interruption in the foregoing
services  to the  Premises;  provided,  however,  that if any  such  service  is
interrupted for a continuous  period of forty-eight (48) hours or more, and such
interruption is due to an act or omission on

<PAGE>

Landlord's  part, Base Rent shall abate at the rate of  one-thirtieth  (1/30) of
the monthly installment of Base Rent for each day of such interruption.

10.  REPAIRS, MAINTENANCE AND TAXES. Tenant shall, at its sole cost and expense,
keep the Premises in a near,  clean, and orderly  condition.  Landlord shall, at
its cost and  expense,  maintain  and repair the  structural  components  of the
Building, the Premises, and the common areas of the Building; provided, however,
that Tenant shall reimburse Landlord on demand for Landlord's costs and expenses
of  such  repairs  arising  from  Tenant's  and  Tenant's  agents',  employees',
licensees',  and  invitees'  acts or omissions on the  Premises,  together  with
interest at the Default  Rate on any amount not paid within 10 days after notice
and demand therefor is given by Landlord.  Landlord shall have reasonable access
to the Premises to conduct such  maintenance and repairs.  Tenant shall pay when
due any personal property taxes assessed against its property on the Premises.

11.  ALTERATIONS; RETURN OF PREMISES.

     (a) Tenant shall not, without the prior written consent of Landlord,  which
Landlord  may   withhold  in  its  sole   discretion,   make  any   alterations,
improvements,  additions,  or physical changes to the Premises  ("Alterations").
All Alterations installed on the Premises shall, at Landlord's election,  become
and remain the  property  of  Landlord.  Unless  Landlord  otherwise  directs in
writing at the  termination  or  expiration of this  Sublease,  Tenant shall not
remove from the Premises any approved Alterations made or installed by Tenant on
the Premises  (except  removal of equipment  and trade  fixtures).  Tenant shall
construct and install all Alterations  through  contractors  and  subcontractors
approved by Landlord in writing , and Tenant shall provide to Landlord  proof of
insurance, in form and substance reasonably acceptable to Landlord, prior to the
commencement  by Tenant of any  Alterations  on the Premises.  In no event shall
Tenant allow any mechanic's or materialmen's  liens to attach to the Building or
the Premises and shall promptly  discharge of record any such lien. Tenant shall
perform  all  Alterations  according  to plans and  specifications  approved  by
Landlord  in  writing,  and Tenant  shall not  deviate  from such plans  without
Landlord's  prior  written  consent,  which  Landlord  may  withhold in its sole
discretion.

     (b) Upon the expiration or  termination of this Sublease,  whether by lapse
of time, by operation of law, or pursuant to the  provisions  of this  Sublease,
Tenant shall:

               (i)  Restore the Premises to their  condition at the beginning of
          the Term (except for Landlord's  Work and Tenant's Work and other than
          as contemplated in the preceding Subparagraph), ordinary wear and tear
          excepted,  remove all of its personal property and trade fixtures from
          the Premises, and repair any damage caused by such removal; and

              (ii) Peacefully surrender possession of the Premises to Landlord.

     (c) If Tenant shall fail or refuse to so restore the Premises, Landlord may
do so and recover its costs for so doing from Tenant,  together with interest at
the Default Rate. If Tenant shall fail or refuse to comply with Tenant's duty to
remove all personal  property  and

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trade  fixtures from the Premises upon the  expiration  or  termination  of this
Sublease, Landlord may, at its election: (i) treat such failure or refusal as an
offer by Tenant to transfer  title to such property to Landlord,  in which event
the title  thereto  shall pass under this  Sublease  as a bill of sale;  or (ii)
treat such failure or refusal as conclusive evidence, on which Landlord shall be
entitled to rely absolutely, that Tenant has forever abandoned such property. In
either event,  Landlord may, with or without  accepting  title thereto,  keep or
remove, store, destroy, discard, or otherwise dispose of all or any part of such
property in any manner that Landlord shall choose without incurring liability to
Tenant or to any other  person.  In no event  shall  Landlord  ever become or be
charged  with the duties of a bailee of any  property of Tenant.  The failure of
Tenant to remove any property  from the Premises  shall  forever bar Tenant from
bringing any action or asserting any liability  against Landlord with respect to
any property which Tenant fails to remove.

12.  RISK OF LOSS.

     (a) Landlord shall, at its cost and expense, insure the Building, including
the Premises,  against such losses,  and with such  insurance  carriers,  as are
reasonably  acceptable to Landlord.  Tenant shall, at its sole cost and expense,
maintain  insurance  for damage to or loss of its property on the Premises in an
amount at least equal to the  replacement  value of such property.  Tenant shall
also, at its sole cost and expense,  maintain  workers'  compensation  insurance
covering all of its  employees to at least the  statutory  limit set forth under
Michigan law and a policy of general public liability  insurance in an amount at
least equal to One Million  Dollars  ($1,000,000)  for damage to  property,  One
Million  Dollars  ($1,000,000)  for damage to any one  person,  and Two  Million
Dollars  ($2,000,000) for damage resulting from any one occurrence.  Such policy
of general public liability insurance shall be an "occurrence-based" policy, not
a  "claims  made-base"  policy,  shall  name  Landlord  and  B H  Piersma  as an
additional  insured as their interests may appear and shall be underwritten by a
carrier and on such terms and  conditions as Landlord  shall approve in writing.
Each insurance policy required under this Paragraph shall provide by endorsement
or otherwise that such insurance may not be canceled,  terminated,  amended,  or
modified for any reason whatsoever,  except upon thirty (30) days' prior written
notice to Landlord and that the insurer waives all rights of subrogation against
Landlord and B H Piersma.  Tenant  shall  deliver to Landlord  either  duplicate
originals of such policies or certificates  evidencing such insurance  coverage,
together with evidence of payment of such policies.

     (b) Tenant releases Landlord and B H Piersma from any and all liability for
loss of damage,  including,  without  limitation,  attorney fees, related in any
manner to this Sublease and Tenant's use of the Premises and the Building to the
extent  covered by  insurance  carried  or  required  to be  carried  under this
Sublease.  Tenant agrees to indemnify and hold harmless Landlord and B H Piersma
from and against any claim,  demand,  judgment,  loss or  liability of any kind,
including,  without limitation,  attorney fees, arising out of: (i) Tenant's use
or occupancy of the Premises and the Building,  other than damage or loss caused
by the  negligence of Landlord;  (ii) any breach of any covenant or condition of
this Lease by  Tenant,  any  subtenant  of  Tenant,  or any of their  respective
agents,   employees,   invitees,  or  licensees;  and  (iii)  the  carelessness,
negligence,  or improper conduct of Tenant,  any subtenant of Tenant,  or any of
their respective agents,  employees,  invitees,  or licensees.  If any action or

<PAGE>

proceeding  is  brought  against  Landlord  or B H Piersma by reason of any such
claim,  Tenant shall,  upon written notice from  Landlord,  and at Tenant's sole
cost and expense,  resist or defend such claim or proceeding by counsel approved
by Landlord in writing.  Such approval shall not be unreasonably  withheld.  The
provisions of this  Subparagraph  shall survive the expiration of termination of
this Sublease.

13.  DESTRUCTION OF THE PREMISES.

     (a) Subject to the  provisions of Subsection  13(b) below,  if the Premises
shall be rendered untenantable by fire or other casualty, Landlord shall, at its
option and to the extent of available insurance  proceeds,  restore the Premises
and make  then  tenantable  as soon as  possible.  Except  in the case of damage
caused by Tenant,  any subtenant of Tenant,  or any of their respective  agents,
employees,  licensees,  or  invitees,  Rent  shall  abate  during  the period of
untenantability in proportion to the area of the Premises rendered untenantable.
All such  restoration  shall be completed within ninety (90) days of the date of
the casualty or Tenant shall, as its sole remedy,  be entitled to terminate this
Sublease.

     (b) If more than 40% of the  Premises  shall be  destroyed by fire or other
casualty,  then  Landlord or Tenant may  terminate  this  Sublease by giving the
other written notice of such termination  within thirty (30) days after the date
of such damage. Rent shall be prorated to the day of such termination.

     (c) Tenant shall immediately notify Landlord of the occurrence of a fire or
other  casualty at the Premises or the Building,  and Tenant shall,  at its sole
cost and expense, restore or replace its personal property, fixtures, and Tenant
improvements on the Premises (unless Landlord or Tenant terminates this Sublease
as provided above).

14.  ASSIGNMENT  AND  SUBLETTING.  Tenant  shall  not,  by  operation  of law or
otherwise,  assign or further  sublet the  Premises  without  the prior  written
consent of Landlord,  which  Landlord may withhold in its sole  discretion.  Any
purported  assignment or subletting by Tenant without the prior written  consent
of Landlord shall be void. Notwithstanding the foregoing, Tenant may assign this
Sublease to any entity  controlled  by, in control of, or under  common  control
with,  Tenant,  subject  only to  Landlord's  consent to the specific use of the
Premises by Tenant (if the use is other than for telemarketing  purposes).  Such
assignment shall not relieve Tenant of its obligations under this Sublease,  and
Tenant's  assignee  shall be bound by all of the  terms and  conditions  of this
Sublease to the same extent as Tenant.

15.  CONDEMNATION.  If the entire Building is  appropriated or condemned  during
the Term by any  competent  authority,  whether by eminent  domain or otherwise,
this  Sublease  shall  terminate  when Tenant can no longer use the  Premises to
conduct its business,  when the appropriating or condemning  authority  acquires
possession  of the  Premises,  or when legal title to the Premises  vests in the
appropriating or condemning  authority,  whichever shall first occur.  Except as
provided in the Master Lease,  Landlord  shall be entitled to receive the entire
condemnation  award without any  deduction for any estate or interest  vested by
this  Sublease  in  Tenant.  Tenant  shall  have a right  to  receive  from  the
condemning authority only

<PAGE>

that  portion of any  condemnation  award made  expressly  to Tenant for loss or
interruption of its business or for relocation expenses.

     If a portion of the Building or the Premises is  appropriated  or condemned
during  the Term by any  competent  authority,  whether  by  eminent  domain  or
otherwise,  and if the taking  substantially  interferes  with  Tenant's  use or
enjoyment of the Premises, either Landlord or Tenant may terminate this Sublease
by written  notice to the other  within  sixty (60) days after the date on which
the appropriating or condemning  authority  acquires  possession of the property
taken.  If Landlord or Tenant do not so terminate this Sublease,  Rent shall not
abate and the  condemnation  award shall be paid as provided in the  immediately
preceding Paragraph.

16.  HOLDING OVER.  Any holding over by Tenant or any subtenant of Tenant of any
portion of the Premises  beyond the expiration or termination of the Term shall,
at the option of Landlord,  extend this Sublease on a month-to-month  basis only
on the same terms and conditions of this  Sublease,  except that Base Rent shall
be twice the monthly Base Rent in effect immediately prior to such holding over.
The  provisions of this  Paragraph  shall not operate as a waiver by Landlord of
any right it might otherwise have against Tenant.

17.  RIGHT TO ENCUMBER.  Landlord  reserves the right to subject and subordinate
this  Sublease  at any time to the  lien of any  mortgage,  security  agreement,
ground lease,  or other interest in the Building or the Premises (in addition to
the Master  Lease) now or in the future placed upon  Landlord's  interest in the
Building  or the  Premises.  Tenant  agrees to execute any  document  reasonably
necessary or  convenient  to evidence  such  subordination,  including,  without
limitation,  Tenant  estopped-certificates,  and Tenant  agrees to attorn to any
mortgagee or other secured party of Landlord on the same terms and conditions of
this Lease.  If Landlord  defaults in making  payments  under any such mortgage,
security  agreement,  or other interest in the Building or the Premises,  Tenant
shall be  entitled  to make its  rental  payment  under  this  Sublease  to such
mortgagee or secured party, and any such payment shall discharge Tenant's rental
obligation  to the extent of such  payment.  In the event  Tenant  executes  any
subordination  agreement,  estoppel  certificate,  or attornment agreement under
this   Paragraph,   Landlord  agrees  to  use  its  best  efforts  to  obtain  a
non-disturbance  agreement  from the holder of the  mortgage  or to use its best
efforts to obtain a non-disturbance agreement from the holder of the mortgage or
security agreement to which Tenant Subordinates its leasehold interests.

18.  DEFAULT  AND  REMEDIES.  Landlord  may,  in its sole  discretion,  deem the
following events to be defaults or breaches by Tenant under this Sublease:

     (a)  Tenant's  failure  to make any  payment  of any Rent when  due,  which
failure is not cured within five (5) days following notice thereof;

     (b)  Tenant's  failure to perform  any other  covenant or  condition  which
Tenant is required to observe and perform  under this  Sublease  for a period of
fifteen (15) days following written notice of such failure;  provided,  however,
that if such non-monetary default cannot reasonably be curred within such 15-day
period,  then,  provided  Tenant shall have

<PAGE>

commenced  the cure of such  default  shall be extended for so long as Tenant is
diligently proceeding to cure such default.

     (c) The levy against the  interests of Tenant in this Sublease by execution
or other legal process;

     (d)  The  filing  of any  petition  by or  against  Tenant  in a  court  of
bankruptcy,  a  declaration  that Tenant is  insolvent  according  to law, or an
assignment  for the  benefit  of  creditors  or  petition  to enter into such an
arrangement;

     (e) Tenant's abandonment or vacation of the Premises during the Term;

     (f) The dissolution or legal incompetency of Tenant; and

     (g) The unauthorized assignment or transfer of any interest of Tenant under
this Sublease.

Upon the occurrence of a default, Landlord may, at its option, without notice or
demand of any kind to Tenant  or any other  person,  have any one or more of the
following  described  remedies (which shall be deemed cumulative of on another),
in addition to all other rights and remedies provided at law or in equity:

             (i) Termination of this Sublease, repossession of the Premises, and
immediate   recovery,   as  liquidated  damages  and  in  lieu  of  any  further
deficiencies, of the total amount due to be paid by Tenant during the balance of
the Term,  less the fair rental value of the Premises for said period,  together
with any other sum of money owed by Tenant to Landlord.

             (ii)  Termination of Tenant's right of possession and  repossession
of the  Premises  without  demand or notice  of any kind to Tenant  and  without
terminating  this Sublease,  in which case Landlord may, but need not, relet all
or any part of the  Premises  for such  rent  and  upon  such  terms as shall be
satisfactory to Landlord. For the purposes of such reletting,  Landlord may make
such repairs, alterations,  additions, or physical changes in or to the Premises
as may be necessary or convenient. If Landlord shall fail or refuse to relet the
Premises,  then Tenant  shall pay to Landlord as damages the total amount due to
be paid by Tenant  during  the  balance  of the Term.  If  Landlord  relets  the
Premises and does not realize a sufficient  sum from the reletting  after paying
all costs and  expenses of such  repairs,  alterations,  additions,  or physical
changes and the expense of such  reletting and the  collection of rent occurring
therefrom,  to satisfy Rent herein  provided to be paid during the  remainder of
the Term,  Tenant shall satisfy and pay any such deficiency upon demand.  Tenant
agrees that  Landlord  may file suit to recover  any sums  falling due under the
terms of this  Subparagraph  from time to time and that any suit or  recovery of
any portion due Landlord  hereunder shall be no defense to any subsequent action
brought for any amount not reduced to judgment in favor of Landlord.

              (iii) Specific performance of Tenant's obligations.
<PAGE>

              (iv) Payment or performance of the delinquent obligation on behalf
of Tenant, in which case Tenant shall reimburse Landlord on demand for all costs
and expenses, including, without limitation, attorney fees, incurred by Landlord
in so curing Tenant's breach, together with interest at the Default Rate.

19.  BANKRUPTCY.

     (a)  Notwithstanding  any other provisions  contained in this lease, in the
event (a)  Tenant or its  accessors  or  assignees  shall  become  insolvent  or
bankrupt,  or if it or their  interests under this Lease shall be levied upon or
sold under execution or other legal process,  or (b) the depository  institution
then  operating  on the Premises is closed,  or is taken over by any  depository
institution  supervisory authority  ("Authority"),  Landlord may, in either such
event,  terminate  this  Lease  only with the  concurrence  of any  Receiver  or
Liquidator appointed by such Authority;  provided,  that in the event this Lease
is terminated by the Receiver or  Liquidator,  the maximum claim of Landlord for
rent,   damages,  or  indemnity  for  injury  resulting  from  the  termination,
rejection,  or abandonment of the unexpired Lease shall by law in no event be in
an amount equal to all accrued and unpaid rent to the date of termination.

     (b) If,  following  the  filing of a  petition  by or  against  Tenant in a
bankruptcy court,  Landlord shall not be permitted to terminate this Sublease as
provided  above because of the  provisions of Title 11 of the United States Code
relating  to  Bankruptcy,   as  amended,   then  Tenant   (including  Tenant  as
Debtor-in-Possession) or any trustee for Tenant agrees to promptly, but no later
than  fifteen  (15) days after  petition by Landlord  to the  bankruptcy  court,
assume or reject  this  Sublease,  and Tenant  agrees not to seek or request any
extension or  adjournment  of any petition to assume or reject this  Sublease by
Landlord with such court.  Tenant's , or the  trustee's,  failure to assume this
Sublease  within  said  fifteen  (15) day  period  shall be deemed a  rejection.
Landlord shall  thereupon  immediately be entitled to possession of the Premises
without further obligation to Tenant or the trustee,  and this Sublease shall be
terminated,  except that Landlord's  right to damages for Tenant's default shall
survive such termination.

     (c) Tenant or any trustee for Tenant may only assume this  Sublease if: (i)
it cures or provides adequate  assurance that the trustee will promptly cure any
default  hereunder;  (ii) it  compensates  or provides  adequate  assurance that
Tenant  will  promptly  compensate  Landlord  for any actual  pecuniary  loss to
Landlord  resulting  from  Tenant's  default;  and  (iii) it  provides  adequate
assurance of future performance under this Sublease by Tenant. In no event after
Tenant or any trustee for Tenant  assumes this Sublease  shall any then existing
default  remain  uncured  for a period  in  excess  of ten (10)  days.  Adequate
assurance  of  future  performance  of  this  Sublease  shall  include,  without
limitation, adequate assurance: (i) of the source of Rent required to be paid by
Tenant hereunder; and (ii) that assumption or permitted assignment of this Lease
will not breach any provision hereunder.

20.  NO WAIVER.  The failure of  Landlord  or Tenant to enforce any  covenant or
condition of this Sublease  shall not be deemed a waiver thereof or of the right
of Landlord or

<PAGE>

Tenant to enforce each and every  covenant and  condition of this  Sublease.  No
provision  of this  Sublease  shall be deemed to have been  waived  unless  such
waiver  shall be in writing and signed by the person  against whom the waiver is
claimed.

21.  EXPENSE OF ENFORCEMENT.  The losing party shall reimburse the winning party
for all costs and expenses,  including, without limitation,  reasonable attorney
fees, incurred by the winning party in enforcing any provision of this Sublease.

22.  ACCESS TO PREMISES BY LANDLORD. Landlord shall have the right to enter upon
the  Premises  at all  reasonable  hours for the  purpose  of  inspecting  them,
preventing  waste,  loss,  or  destruction,  and  enforcing any of its rights or
powers  under this  Sublease,  or making such  repairs or  alterations  as it is
obligated  to make under this  Sublease.  Landlord  shall be neither  liable nor
responsible  for any loss to  Tenant  or  Tenant's  business  which may occur by
reason of such entry, other than such loss resulting from Landlord's  negligence
or the negligence of its employees,  contractors or  subcontractors.  Throughout
the term,  Landlord  shall have the right to enter the  Premises  at  reasonable
hours on  reasonable  notice  for the  purpose of  showing  them to  prospective
purchasers  or  mortgagees,  and during the last six (6) months of the Term,  to
prospective  tenants  provided such entry does not  unreasonably  interfere with
Tenant's business operations.  If Tenant is not present to open and permit entry
into the  Premises,  Landlord or  Landlord's  agents may enter the same whenever
such  entry may be  reasonably  necessary  or  permissible  by master key (or in
emergencies,  forcibly).  Any such entry  shall not affect  the  obligations  of
Tenant under this Sublease.

23.  SUCCESSORS AND ASSIGNS.  This Sublease shall inure to the benefit of and be
binding upon Landlord and Tenant and their  respective  successors and permitted
assigns.

24.  CHOICE OF LAW. This Sublease shall be governed by and interpreted according
to the laws of the State of Michigan,  without  giving  effect to  principles of
conflicts  of  laws.  If any  provision  in this  Sublease  is held  invalid  or
unenforceable,   such  invalidity  or  unenforceability  shall  not  affect  the
remaining provisions of this Sublease, which shall be enforceable to the fullest
extent permitted by law.

25.  MISCELLANEOUS.   This   Sublease   contains   the  entire   agreement   and
understanding  of Landlord and Tenant with respect to the subject matter of this
Sublease  and may be  modified  only by a writing  signed by both  Landlord  and
Tenant.  This  Sublease  supersedes  and replaces any and all prior  agreements,
whether oral or written, between Landlord and Tenant with respect to the subject
matter of this Sublease.

26.  NOTICES.  Any  notice  required  or  permitted  by this  Sublease  shall be
delivered  personally,  by recognized  overnight delivery service,  by facsimile
transmission,  or sent by certified mail, postage prepaid, addressed to Landlord
or  Tenant at their  respective  addresses  set forth on the first  page of this
Sublease with copies as follows:
<PAGE>

TO LANDLORD
-----------
Warner Norcross & Judd LLP                 Daniel F. Governile
900 Old Kent Building                      c/o Metron Integrated Health Systems
111 Lyon Street, NW                 and    3075 Orchard Vista Dr., SE, Suite 100
Grand Rapids, Michigan 49503               Grand Rapids, MI 49546
Attention:  Stephen R. Kretschman

Bancorp, Inc
1093 Charlevoix Drive
Grand Ledge, MI 48837

A notice will be deemed  received on the date it is  personally  delivered,  the
date facsimile  transmission  is confirmed,  on the day following the date it is
sent by overnight  delivery service or on the third day following the date it is
placed in certified mail, as the case may be.

27.  COVENANTS AND  CONDITIONS.  All covenants and conditions  contained in this
Sublease  are  independent  of  one  another.  All of the  covenants  of  Tenant
contained in this  Sublease  shall,  at the option of Landlord,  be construed as
both covenants and conditions.

28.  SALE OR TRANSFER OF BUILDING. Upon any assignment of this Sublease or other
transfer  of the  Premises by Landlord  (excluding  purchase of the  Premises by
Landlord),  Landlord  shall  be  relieved  of  any  subsequent  obligations  and
liabilities under this Sublease.

29.  COMPLIANCE WITH LAWS.  Landlord  represents that, to its actual  knowledge,
the Building and the Premises currently comply with all state, federal and local
ordinances and  regulations  and that it has no actual  knowledge of the current
presence of any asbestos in the Premises.

<PAGE>

IN WITNESS WHEREOF,  Landlord and Tenant have signed this Sublease as of the day
and year first written above.

                        METRON INTEGRATED HEALTH SYSTEMS

                        By_______________________________________

                        Its________________________________________

                                                         "Landlord"

                        eZ BANCORP, INC.

                        By_________________________________________

                        Its__________________________________________

                                                            "Tenant"

Pursuant to Section 8(c) of the above  Sublease,  Landlord  hereby grants Tenant
permission to take possession of the Premises on February 1, 2001. .

                        METRON INTEGRATED HEALTH SYSTEMS

                        By___________________________________________

                        Its____________________________________________

<PAGE>

                                    EXHIBIT A
                                    ---------

That part of Lots 24 and 25, Foremost Centennial Park No. 2, part of the NW 1/4,
Section 17, T6N, R10W, Cascade Township,  Kent County,  Michigan, as recorded in
Liber 76 of Plats, Pages 13, 14 and 15, beginning at the most Easterly corner of
Lot 25;  thence S 27  degrees  00  minutes W 516,85  feet to the most  Southerly
corner of Lot 25;  thence  Northwesterly  374.21  feet  along the  Northeasterly
R,O.W.  line of Highway I-96 on a 5626.58  foot radius  curve to the right,  the
chord of which bears N57 degrees 37 minutes 04 seconds W 374.14  feet;  thence N
27 degrees 00 minutes E 157.90 feet;  thence  Northeasterly  245.47 feet along a
175.00 foot radius curve to the right,  the chord of which bears N 36 degrees 14
minutes E 225.84  feet;  thence N56  degrees 00 minutes E 187.90  feet along the
Northerly  line  of  Lot 25 to the  most  Northerly  corner  of Lot  25;  thence
Southeasterly  255.94 feet along the  Southwesterly  line of Orchard Vista Drive
(86 feet wide) on a 505.67  foot  radius  curve to the left,  the chord of which
bears S 48 degrees 30 Minutes E 253.22 feet to the place of beginning.

     Together with an easement and right of way in which to construct,  operate,
     maintain,  repair and/or replace drains, sewers and water lines,  described
     as follows:

     That part of Lot 25,  Foremost  Centennial  Park No. 2, part of the NW 1/4,
     Section 17, T6N, R10W, Cascade Township, Kent County,  Michigan,  described
     as: Beginning at the Northwesterly line of Lot 25, which is N 56 degrees 00
     minutes E 132.60 feet from the most Westerly  corner of Lot 25, thence N 56
     degrees  00  minutes E 26.55  feet;  thence N 82 degrees 35 minutes E 78.64
     feet;  thence  Southerly 53.00 feet on a 175 foot radius curve to the left,
     the chord of which  bears S 4 degree 43 minutes  30  seconds W 52.80  feet;
     thence S 27 degrees 00 minutes W 12.55 feet, thence N 55 degrees 40 minutes
     W 97.95 feet to the place of beginning.
<PAGE>
                                   EXHIBIT B

[Picture of the building where the subleased premises are located appears here]

<PAGE>

                                    EXHIBIT C

                    MASTER LANDLORD NONDISTURBANCE AGREEMENT

     B H PIERSMA REAL ESTATE II, L.L.C., a Michigan limited  liability  company,
of 6585 Belding Road,  Rockford,  Michigan 49341 ("B H Piersma") consents to the
Sublease between Metron Integrated  Health Systems and Bancorp,  Inc., a copy of
which is attached hereto and agrees that, notwithstanding anything in the Master
Lease or Sublease to the contrary, in the event that Landlord defaults under the
Master  Lease  and so long as Tenant  is not in  default  under the terms of the
Sublease, B H Piersma agrees to recognize the leasehold interest of Tenant under
the Sublease,  and permit  Tenant to occupy the Premises in accordance  with the
terms of the Sublease, without disturbance.

     Dated:________________________,2001    B H Piersma Real Estate II, L. L. C.

                                            By___________________________

                                                Its Authorized Member

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