Document:

<PAGE>

                                                                   EXHIBIT 10.17

            FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

                  THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT,
dated as of September 30, 2001 (this "Amendment"), is among MSX INTERNATIONAL,
INC., a Delaware corporation (the "Company"), each of the Borrowing Subsidiaries
(as defined below) of the Company party hereto (the Company and the Borrowing
Subsidiaries may each be referred to as a "Borrower" and, collectively, as the
"Borrowers"), the lenders party hereto (collectively, the "Lenders" and
individually, a "Lender"), and BANK ONE, NA, a national banking association, as
agent for the Lenders (in such capacity, the "Agent").

                                    RECITALS

                  A. The Borrowers, the Agent and the Lenders are parties to an
Amended and Restated Credit Agreement dated as of November 30, 1999 (the "Credit
Agreement").

                  B. The Borrowers desire to amend the Credit Agreement, and the
Agent and the Lenders are willing to do so in accordance with the terms hereof.

                                      TERMS

                  In consideration of the premises and of the mutual agreements
herein contained, the parties agree as follows:

                  ARTICLE I. AMENDMENTS. Upon fulfillment of the conditions set
forth in Article III hereof, the Credit Agreement shall be amended as follows:

                  1.1 The definition of "Applicable Margin" in Section 1.1 is
restated as follows:

         "Applicable Margin" shall mean, with respect to any Floating Rate Loan,
Eurodollar Loan, Eurocurrency Loan, Letter of Credit fee under Section 2.3(b)(i)
and facility fee under Section 2.3(a), as the case may be, the applicable
percentage set forth in the applicable table below based upon the Total Leverage
Ratio, as adjusted on each date a certificate is required to be delivered
pursuant to Section 5.1(d)(ii) or (iii), and shall remain in effect until the
next change to be effected pursuant to this definition, based upon the Total
Leverage Ratio as of the last day of the most recently ended fiscal quarter,
provided that (a) upon the occurrence and during the continuance of any Event of
Default the Applicable Margin will be set at Level V, regardless of the actual
Total Leverage Ratio, and (b) as of the First Amendment Effective Date, the
Applicable Margin shall be set at Level IV and may not be less than Level IV
until the Applicable Margin is adjusted as of the end of the 2001 fiscal year of
the Company.

<PAGE>

<TABLE>
<CAPTION>
---------- --------------- ----------- ------------- ----------------- ------------- ------------- ------------ --------------
  Level        Total       Facility      Floating       Eurodollar       Floating     Eurodollar    Floating     Eurodollar
           Leverage Ratio     Fee          Rate      Revolving Loan,    Rate Term    Term Loan A    Rate Term    Term Loan B
                                        Revolving      Eurocurrency       Loan A                     Loan B
                                           Loan      Revolving Loan
                                                      and Letter of
                                                        Credit Fee
---------- --------------- ----------- ------------- ----------------- ------------- ------------- ------------ --------------
<S>        <C>             <C>         <C>           <C>               <C>           <C>           <C>          <C>
    I         <=2.75:1      37.5 bps      0 bps         112.5 bps        37.5 bps      150 bps       200 bps       325 bps
---------- --------------- ----------- ------------- ----------------- ------------- ------------- ------------ --------------
   II       >2.75:1 but      50 bps       25 bps         150 bps          75 bps       200 bps       200 bps       325 bps
             <=3.25:1
---------- --------------- ----------- ------------- ----------------- ------------- ------------- ------------ --------------
   III       >3.25 but       50 bps       75 bps         200 bps         125 bps       250 bps       200 bps       325 bps
             <=3.75:1
---------- --------------- ----------- ------------- ----------------- ------------- ------------- ------------ --------------
   IV        >3.75 but       50 bps      100 bps         225 bps         150 bps       275 bps       225 bps       350 bps
             <=4.25:1
---------- --------------- ----------- ------------- ----------------- ------------- ------------- ------------ --------------
    V        >=4.25:1       62.5 bps     125 bps        237.5 bps        175 bps       300 bps       250 bps       375 bps
---------- --------------- ----------- ------------- ----------------- ------------- ------------- ------------ --------------
</TABLE>

                  1.2 The definition of "Contingent Liabilities" in Section 1.1
is amended by deleting the clause in the first sentence thereof beginning with
the words "provided further".

                  1.3 The definition of "Corporate Base Rate" is deleted, and
each reference in the Credit Agreement or any other Loan Document to "Corporate
Base Rate" should be replaced with and be deemed references to "Prime Rate".

                  1.4 The definitions of "EBITDA", "Fixed Charge Coverage
Ratio", "Fixed Charges," "Investment" and "Net Worth" in Section 1.1 is restated
as follows:

                      "EBITDA" shall mean, for any period, Net Income for such
period, plus all amounts deducted in determining such Net Income on account of
(a) Total Interest Expense, (b) income taxes (including the Michigan Single
Business tax and the Imposta Reginole Sulle Attivita Producttive in Italy), and
(c) depreciation and amortization expense, all as determined for the Company and
its Subsidiaries on a consolidated basis in accordance with generally accepted
accounting principles.

                      "Fixed Charge Coverage Ratio" shall mean, as of the last
day of any fiscal quarter of the Company, the ratio of (a) EBITDA plus Rental
Charges, minus Capital Expenditures, and minus, at all times that the Total
Leverage Ratio is not at least 0.25 below the level required under the Original
1999 Credit Agreement, the aggregate Acquisition Purchase Price paid for all
Acquisitions (excluding the Cadform Acquisition and the Draupner Acquisition)
after the First Amendment Effective Date, to (b) Fixed Charges, in each case as
calculated for the four consecutive fiscal quarters then ending, all as
determined in accordance with Generally Accepted Accounting Principles.

                      "Fixed Charges" shall mean, for any period, the sum,
without duplication, of (a) Total Interest Expense plus (b) all payments of
principal and other sums scheduled to be paid during such period by the Company
or its Subsidiaries with respect to Indebtedness of the Company or its
Subsidiaries, plus (c) Rental Charges accrued during such period by the Company
and its Subsidiaries, plus (d) all dividends, distributions and other
obligations paid (other than those paid with common stock)

                                      -2-

<PAGE>

with respect to any class of the Company's Capital Stock or any dividend,
payment or distribution paid (other than those paid with common stock) in
connection with the redemption, purchase, retirement or other acquisition,
directly or indirectly, of any shares of the Company's Capital Stock, provided
that any repurchases, redemptions or other acquisitions or retirements of any
Capital Stock permitted by Section 5.2(k)(ii) shall be excluded from this clause
(d), (e) all accrued income taxes (including the Michigan Single Business tax
and the Imposta Reginole Sulle Attivita Producttive in Italy) for such period
for the Company or its Subsidiaries (but excluding all deferred income taxes
unless paid or payable in such period).

                      "Investment" of a Person shall mean any loan, advance
(other than commission, travel and similar advances to officers and employees
made in the ordinary course of business), extension of credit (other than
accounts receivable and/or accrued expenses arising in the ordinary course of
business payable in accordance with customary practices and loans to employees
in the ordinary course of business) or contribution of capital by such Person
(other than services performed in the ordinary course of business consistent
with past practices); stocks, bonds, mutual funds, partnership interests, notes,
debentures or other securities owned by such Person; any deposit accounts and
certificates of deposit owned by such Person; and structured notes, derivative
financial instruments and other similar instruments or contracts owned by such
Person.

                      "Net Worth" shall mean, as of any date, the amount of any
capital stock paid in capital and similar equity accounts, including minority
interest, but exclusive of any foreign currency translation adjustment account
shown as a capital account of the Company and its Subsidiaries and exclusive of
any changes to Net Worth as a result of any write-offs of goodwill or intangible
assets recognized solely due to a change Generally Accepted Accounting
Principles which occurred after the Effective Date, and minus, without
duplication, the amounts of any promissory notes or other obligations owing by
any employee or officer in connection with non-cash amounts advanced to such
employees or officers for the purpose of purchasing Capital Stock of the Company
as permitted pursuant to Section 5.2(l)(vi) which are shown as an asset of the
Company and its Subsidiaries, all on a consolidated basis and in accordance with
Generally Accepted Accounting Principles.

                  1.5 The following new definitions are added to Section 1.1 in
appropriate alphabetical order:

                      "Acquisition Purchase Price" shall mean, with respect to
any Acquisition, the aggregate purchase price for such Acquisition, including
without limitation or duplication, all direct payments, all deferred payments,
all Indebtedness of the target of such Acquisition which is continued (either
assumed by the Company or any of its Subsidiaries, continued by the target or
otherwise continued) and any other type of consideration paid or payable for any
such Acquisitions), but excluding any payment made in common stock or Preferred
Stock which is not Disqualified Stock of the Company.

                      "Cadform Acquisition" is defined in Section 5.2(h)(ii)(F).

                      "Draupner Acquisition" is defined in Section
5.2(h)(ii)(F).

                      "First Amendment" shall mean the First Amendment to this
Agreement dated September 30, 2001.

                      "First Amendment Effective Date" shall mean the effective
date of the First Amendment.

                      "Original 1999 Credit Agreement" shall mean the Amended
and Restated Credit

                                      -3-

<PAGE>

Agreement dated as of November 30, 1999 among the Borrowers, the Lenders and the
Agent, prior to giving effect to the First Amendment or any other present or
future amendment or modification.

                      "Prime Rate" shall mean a rate per annum equal to the
prime rate of interest announced from time to time by Bank One, NA or its parent
(which is not necessarily the lowest rate charged to any customer), changing
when and as said prime rate changes or, when used in connection with any Advance
denominated in any Eligible Currency, "Prime Rate" shall mean the correlative
floating rate of interest customarily applicable to similar extensions of credit
to corporate borrowers denominated in such currency in the country of issue, as
determined by the Agent from time to time, which Prime Rate shall change
simultaneously with any change in such announced, determined or established
rates.

                  1.6 Section 2.10(b) is amended by adding the following after
the words "65% of all Capital Stock" and the words "65% of their Capital Stock"
in Section 2.10(b): "(or, if such 65% pledge of Capital Stock cannot be obtained
or would cause an additional and material tax liability for the Company and its
Subsidiaries, a pledge of such other claims and/or rights with respect to such
Foreign Subsidiaries and such other arrangements and agreements as required by
the Agent)".

                  1.7 Section 3.1(e) is restated as follows:

                      (e) In addition to all other payments of the Loans
required hereunder, the Company shall prepay the Term Loans by an amount equal
to (i) 50% of the Excess Cash Flow for each fiscal year of the Company for which
the Total Leverage Ratio as of the end of such fiscal year is equal to or less
than the Total Leverage Ratio required under Section 5.2(b) of the Original 1999
Credit Agreement or (ii) 75% of the Excess Cash Flow for each fiscal year of the
Company for which the Total Leverage Ratio as of the end of such fiscal year is
greater than the Total Leverage Ratio required under Section 5.2(b) of the
Original 1999 Credit Agreement, in each case commencing with the 2000 fiscal
year, payable 105 days after the end of each fiscal year. Subject to Section
3.1(i), such mandatory prepayments shall be applied pro rata between the Term
Loans and shall be applied to installments thereon in the inverse order or
maturities until paid in full.

                  1.8 The second sentence of Section 4.4 is restated as follows:
"Except as otherwise allowed under this Agreement, each such Subsidiary and each
Person becoming a Subsidiary of the Company after the date hereof is and will be
a corporation or limited liability company duly organized, validly existing and
in good standing under the laws of its jurisdiction of incorporation or
organization and is and will be duly qualified to do business in each additional
jurisdiction where such qualification is or may be necessary under applicable
law, except for those jurisdictions where the failure to so qualify or be in
good standing could not reasonably be expected to result in any Material Adverse
Effect."

                  1.9 The second sentence of Section 4.9 is restated as follows:
"Neither the Company nor any of its Subsidiaries knows of any material actual or
proposed tax assessment or any basis therefor, and no extension of time for the
assessment of deficiencies in any federal or state tax has been granted by the
Company or any Subsidiary, except for assessments (including extensions of time
for the assessment of deficiencies) that are being contested in good faith by
appropriate proceedings and for which adequate financial reserves have been
established on their respective books and records."

                  1.10 Sections 5.2(a), (b), (c) and (e) are each restated
as follows:

                       (a) Net Worth. Permit or suffer the consolidated Net
Worth of the Company and its Subsidiaries to be less than the sum of (i)
$32,000,000, (ii) 50% of the net income of the Company and its Subsidiaries,
added as of the end of each fiscal year of the Company, commencing with the 2001

                                      -4-

<PAGE>

fiscal year of the Company, provided that if such net income is negative in any
fiscal year the amount added for such fiscal year shall be zero and shall not
reduce the amount added for any other fiscal year, and (iii) 100% of the
increase to Net Worth of the Company and its Subsidiaries pursuant to the sale
or the transfer of any its Capital Stock minus any amounts paid to redeem any
Capital Stock of any current or former employee, director or consultant to the
extent permitted by Section 5.2(k).

                       (b) Total Leverage Ratio. Permit or suffer the Total
Leverage Ratio to be greater than (i) 4.25 to 1.0 at any time from and including
the Effective Date to but excluding the last day of the 1999 fiscal year of the
Company, (ii) 4.00 to 1.0 at any time from and including the last day of the
1999 fiscal year of the Company to but excluding the last day of the second
fiscal quarter of the 2001 fiscal year of the Company, (iii) 3.75 to 1.0 at any
time from and including the last day of the second fiscal quarter of the 2001
fiscal year of the Company to but excluding the last day of the third fiscal
quarter of the 2001 fiscal year of the Company, (iv) 4.75 to 1.0 at any time
from and including the last day of the third fiscal quarter of the 2001 fiscal
year of the Company to but excluding the last day of the 2002 fiscal year of the
Company, (v) 4.35 to 1.0 at any time from and including the last day of the 2002
fiscal year of the Company to but excluding the last day of the first fiscal
quarter of the 2003 fiscal year of the Company, or (vi) 3.50 to 1.0 at any time
thereafter.

                       (c) Fixed Charge Coverage Ratio. Permit or suffer the
Fixed Charge Coverage Ratio to be less than (i) 1.1 to 1.0 as of the end of any
fiscal quarter of the Company ending on or after the Effective Date but before
the last day of the 2000 fiscal year of the Company, (ii) 1.15 to 1.0 as of the
end of any fiscal quarter of the Company ending on or after the last day of the
2000 fiscal year of the Company but before the last day of the third fiscal
quarter of the 2001 fiscal year of the Company, (iii) 1.00 to 1.0 as of the end
of any fiscal quarter of the Company ending on or after the last day of the
third fiscal quarter of the 2001 fiscal year of the Company but before the last
day of the first fiscal quarter of the 2003 fiscal year of the Company or (iv)
1.2 to 1.0 as of the end of any fiscal quarter of the Company thereafter.

                       (e) Interest Coverage Ratio. Permit or suffer the
Interest Coverage Ratio to be less than (i) 2.50 to 1.0 as of the end of any
fiscal quarter of the Company before the last day of the third fiscal quarter of
the 2001 fiscal year of the Company, (ii) 2.00 to 1.0 as of the end of any
fiscal quarter of the Company ending on or after the last day of the third
fiscal quarter of the 2001 fiscal year of the Company but before the last day of
the third fiscal quarter of the 2002 fiscal year of the Company, (iii) 2.15 to
1.0 as of the last day of any fiscal quarter of the Company ending on or after
the last day of the third fiscal quarter of the 2002 fiscal year of the Company
but before the last day of the 2002 fiscal year of the Company, (iv) 2.25 to 1.0
as of the last day of any fiscal quarter of the Company ending on or after the
last day of the 2002 fiscal year of the Company but before the last day of the
first fiscal quarter of the 2003 fiscal year of the Company, or (v) 2.75 to 1.0
as of the end of any fiscal quarter of the Company thereafter.

                  1.11 Section 5.2(g) is amended by re-designating clause
5.2(g)(x) as 5.2(g)(xi) and adding the following new Section 5.1(g)(x):

                       "(x) Subordinate Liens on fixed assets, provided that (A)
the aggregate principal amount of the Indebtedness secured by all such Liens
does not exceed $5,000,000 and (B) all such Liens are subordinated to all Liens
under the Security Documents pursuant to a subordination agreement acceptable to
the Agent; and"

                  1.12 Section 5.2(h)(ii) is restated as follows:

                       (ii) any other Acquisition if each of the following
conditions are satisfied:

                                      -5-

<PAGE>

         (A) immediately before and after (on a pro forma basis acceptable to
the Agent and supported by such certificates and opinions required by the Agent)
such Acquisition: (w) no Unmatured Event or Event of Default shall exist or
shall have occurred and be continuing, (x) the representations and warranties
contained in the Loan Documents shall be true and correct as if made on the date
such Acquisition is consummated, (y) the Company is able to borrow at least
$15,000,000 in Revolving Credit Loans after giving effect to such acquisition
and (z) the Total Leverage Ratio is at least 0.25 below the level required under
this Agreement,

         (B) for any Acquisition which, when aggregated with all other
Acquisitions in any fiscal year of the Company, involves an aggregate purchase
price paid for all such Acquisitions in any fiscal year in excess of
$20,000,000, prior to the consummation of any such Acquisition, the Company
shall have provided to the Lenders a certificate of the chief financial officer
of the Company (attaching pro forma financial statements and computations to
demonstrate compliance and projected compliance with all covenants and
conditions hereunder), stating that such Acquisition complies with this Section
5.2(h), customary legal opinions reasonably acceptable to the Agent if requested
by the Agent, evidence that such Acquisition is in compliance with all laws and
regulations and that any other conditions under this Agreement relating to such
transaction have been satisfied, all in form and substance reasonably
satisfactory to the Agent,

         (C) the target of such Acquisition is engaged in a Permitted Business,

         (D) for any Acquisition which, when aggregated with all other
Acquisitions in any fiscal year of the Company, involves an aggregate purchase
price paid for all such Acquisitions in any fiscal year in excess of
$20,000,000, prior to the consummation of such Acquisition, the Agent shall have
completed such due diligence and reviewed such agreements and documents with
respect to such Acquisition as reasonably required by the Agent, and the Agent
shall be reasonably satisfied with such due diligence and such review,

         (E) the board of directors or similar governing body of the target of
such Acquisition has recommended such Acquisition, and

         (F) Excluding the proposed Acquisition of Draupner Associates, A.B., a
company organized under the laws of Sweden (the "Draupner Acquisition"), to the
extent that the aggregate Acquisition Purchase Price paid or payable for such
Acquisition does not exceed $2,600,000 and the proposed Acquisition of Cadform
MSX Engineering GmbH, a company organized under the laws of Germany (the
"Cadform Acquisition"), to the extent the aggregate Acquisition Purchase Price
paid or payable for such Acquisition does not exceed the sum of $820,000 plus an
amount of existing Indebtedness of Cadform MSX Engineering GmbH to be continued
in an aggregate principal amount not exceeding 9,000,000 Deutsche Marks, the
Acquisition Purchase Price paid or payable for any Acquisition shall be limited
as follows:

                  (x) if the Total Leverage Ratio is not at least 0.25 below the
level required under the Original 1999 Credit Agreement immediately before and
after (on a pro forma basis acceptable to the Agent and supported by such
certificates and opinions required by the Agent) such Acquisition, then the
aggregate Acquisition Purchase Price paid or payable (1) for any Acquisition on
or after the First Amendment Effective Date shall not exceed $2,000,000 and (2)
for all Acquisitions on or after the First Amendment Effective Date shall not
exceed $5,000,000; or

                  (y) if the Total Leverage Ratio is at least 0.25 below the
level required under the Original 1999 Credit Agreement, immediately before and
after (on a pro forma basis acceptable to the Agent and

                                      -6-

<PAGE>

supported by such certificates and opinions required by the Agent) such
Acquisition, in the case of all Acquisitions which do not involve the purchase
of assets located in the United States or Canada or the purchase of Capital
Stock of any entity which is not organized under the laws of the United States
or Canada, the aggregate Acquisition Purchase Price paid or payable for all such
Acquisitions does not exceed $40,000,000, or

                  1.13 Section 5.2(i) is amended by deleting the reference
therein to "Section 2.11" and substituting "Section 2.10" in place thereof.

                  1.14 Section 5.2(l) is restated as follows:

                  (l) Investments, Loans and Advances. Purchase or otherwise
acquire any Capital Stock of or other ownership interest in, or debt securities
of or other evidences of Indebtedness of, any other Person; nor make any loan or
advance of any of its funds or property or make any other extension of credit
to, nor make any other investment or contribution or acquire any interest
whatsoever in, any other Person nor make any other Investment; nor incur any
Contingent Liability except to the extent permitted under Section 5.2(f) and
other Contingent Liabilities in aggregate amount not to exceed $2,000,000; nor
permit any Subsidiary to do any of the foregoing; other than:

         (i) extensions of trade credit made in the ordinary course of business
on customary credit terms and commission, travel and similar advances made to
officers and employees in the ordinary course of business;

         (ii) Cash Equivalents;

         (iii) Acquisitions permitted pursuant to Section 5.2(h);

         (iv) investments, loans and advances in and to any Guarantor or the
Company or otherwise pursuant to a transaction permitted by Section 5.2(i)(iv);

         (v) extensions of credit to employees and officers of the Company and
its Subsidiaries in the ordinary course of business not in excess of $3,000,000
in cash in aggregate amount outstanding at any one time for all employees and
officers plus non-cash amounts advanced to officers and employees solely for the
purpose of purchasing Capital Stock of the Company and which do not result in
the transfer of any cash or any other assets of the Company or any of its
Subsidiaries to any such employees and officers, other than common stock of the
Company in exchange for a note payable by such officer or employee to the
Company;

         (vi) those investments, loans, advances and other transactions
described in Schedule 5.2(l) hereto, having the same terms as existing on the
date of this Agreement, but no extension or renewal thereof shall be permitted;

         (vii) payroll, travel and similar advances to cover matters that are
expected at the time of such advances ultimately to be treated as expenses for
accounting purposes and that are made in the ordinary course of business;

         (viii) stock, obligations or securities received in settlement of debts
created in the ordinary course of business and owing to the Company or any
Subsidiary or in satisfaction of judgments;

         (ix) guaranties of Lender Indebtedness;

                                      -7-

<PAGE>

         (x) investments, loans and advances in and to any Subsidiary which is
not a Guarantor or any person becoming a Subsidiary as a result thereof which is
not a Guarantor shall not be permitted unless immediately before and after (on a
pro forma basis acceptable to the Agent and supported by such certificates and
opinions as requested by the Agent) such investment, loan or advance: (w) the
terms and conditions thereof shall be reasonably satisfactory to the Agent, (x)
no Unmatured Event or Event of Default shall exist or shall have occurred and be
continuing, (y) the representations and warranties contained in the Loan
Documents shall be true and correct in all material respects on and as of the
date such investment, loan or advance is made as if made on the date thereof and
giving effect thereto and (z) after giving effect to such investment, loan or
advance, the Company is able to borrow at least $15,000,000 in Revolving Credit
Loans;

         (xi) investments, loans and advances after the Effective Date of this
Agreement in Unrestricted Subsidiaries in aggregate outstanding amount not
exceeding $5,000,000;

         (xii) investments in joint ventures not to exceed $2,500,000 in
aggregate outstanding amount; and

         (xiii) other investments in an aggregate amount not exceeding
$5,000,000 at any time outstanding.

                  1.15 Schedule 5.2(f) attached hereto is substituted for
Schedule 5.2(f) to the Credit Agreement.

                  1.16 Schedule 5.2(g) to the Credit Agreement is replaced with
Schedule 5.2(g) attached hereto.

                  ARTICLE II. REPRESENTATIONS. Each Borrower represents and
warrants to the Agent and the Lenders that:

                  2.1 The execution, delivery and performance of this Amendment
are within its powers, have been duly authorized and is not in contravention of
any statute, law or regulation or of any terms of its Articles of Incorporation
or By-laws, or of any material agreement or undertaking to which it is a party
or by which it is bound.

                  2.2 This Amendment is the legal, valid and binding obligation
of the Borrower, enforceable against it in accordance with the terms hereof.

                  2.3 After giving effect to the amendments contained herein,
the representations and warranties contained in Article IV of the Credit
Agreement are true on and as of the date hereof with the same force and effect
as if made on and as of the date hereof.

                  2.4 After giving effect to the amendments contained herein, no
Event of Default or Unmatured Event exists or has occurred and is continuing on
the date hereof.

                  ARTICLE III. CONDITIONS OF EFFECTIVENESS. This Amendment shall
be effective as of the date hereof when each of the following conditions is
satisfied:

                                      -8-

<PAGE>

                  3.1 The Borrowers and the Required Lenders shall have signed
this Amendment.

                  3.2 The Guarantors shall have signed the consent and agreement
to this Amendment.

                  3.3 The Borrowers shall have delivered to the Agent such other
documents and satisfied such other conditions, if any, as reasonably requested
by the Agent.

                  ARTICLE IV.  MISCELLANEOUS.

                  4.1 The Company agrees to pay an amendment fee to each Lender
signing this Amendment on or before 5:00 p.m., Detroit time, on October 1, 2001
in an amount equal to 25 basis points on the aggregate amount of such Lender's
Commitments, payable on the date hereof.

                  4.2 References in the Credit Agreement or in any other Loan
Document to the Credit Agreement shall be deemed to be references to the Credit
Agreement as amended hereby and as further amended from time to time.

                  4.3 The Borrower agrees to pay and to save the Agent harmless
for the payment of all reasonable documented costs and expenses arising in
connection with this Amendment, including the reasonable documented fees of
counsel to the Agent in connection with preparing this Amendment and the related
documents.

                  4.4 The Borrower and each Guarantor acknowledge and agree
that, to the best of their knowledge, the Agent and the Lenders have fully
performed all of their obligations under all documents executed in connection
with the Loan Documents. The Borrower represents and warrants that it is not
aware of any claims or causes of action against the Agent or any Lender.

                  4.5 Except as expressly amended hereby, the Borrower and each
Guarantor agree that the Loan Documents and all other documents and agreements
executed by the Borrower in connection with the Credit Agreement in favor of the
Agent or any Lender are ratified and confirmed, as amended hereby, and shall
remain in full force and effect in accordance with their terms and that they are
not aware of any set off, counterclaim, defense or other claim or dispute with
respect to any of the foregoing. Terms used but not defined herein shall have
the respective meanings ascribed thereto in the Credit Agreement. This Amendment
may be signed upon any number of counterparts with the same effect as if the
signatures thereto and hereto were upon the same instrument, and telecopied
signatures shall be effective as originals.

                  4.6 As the condition precedent in Section 3.3 of the First
Amendment to Amended and Restated Credit Agreement dated July 25, 2000 (the
"July 25 Amendment") was not and will not be satisfied, all parties hereto
acknowledge and agree that the July 25 Amendment was never effective and is null
and void.

                                      -9-

<PAGE>

                  IN WITNESS WHEREOF, the parties signing this Amendment have
caused this Amendment to be executed and delivered as of the day and year first
above written.

                                   MSX INTERNATIONAL, INC.

                                   By:/s/Carol Creel
                                      -----------------------
                                        Its:   Asst. Secretary

                                   MSX INTERNATIONAL TECHNOLOGY
                                   SERVICES, INC.

                                   By:/s/ Carol Creel
                                      -----------------------
                                        Its:   Vice President

                                   MSX INTERNATIONAL SERVICES (HOLDINGS), INC.

                                   By:/s/Carol Creel
                                      -----------------------
                                        Its:  Vice President

                                   MSX INTERNATIONAL (HOLDINGS), INC.

                                   By:/s/Carol Creel
                                      ----------------------
                                        Its:  Vice President

                                   MSX INTERNATIONAL BUSINESS SERVICES, INC.

                                   By:/s/Carol Creel
                                      -----------------------
                                        Its:  Vice President

                                   MSX INTERNATIONAL ENGINEERING
                                   SERVICES, INC.

                                   By:/s/Carol Creel
                                      -----------------------
                                        Its:  Vice President

                                   MSX INTERNATIONAL LIMITED

                                   By:/s/Carol Creel
                                      -----------------------
                                        Its:  Director

                                   MSX INTERNATIONAL HOLDINGS LIMITED

                                   By:/s/Carol Creel
                                      -----------------------
                                        Its:  Director

                                   MSX INTERNATIONAL AUSTRALIA PTY LIMITED

                                   By:/s/Carol Creel
                                      -----------------------
                                        Its:  Director

                                      -10-

<PAGE>

                                   BANK ONE, NA, as Agent and as a Lender
                                   (Main Chicago Office)

                                   By: /s/ Ric Huttenlocher
                                      ---------------------------
                                    Title:  Senior Vice President

                                      -11-

<PAGE>

                                   COMERICA BANK

                                   By:  /s/ Nicholas G. Mester
                                      ------------------------
                                      Title: Vice President

                                      -12-

<PAGE>

                                   DRESDNER BANK AG, NEW YORK
                                   AND GRAND CAYMAN BRANCHES

                                   By:/s/ G. Fields
                                      -----------------------
                                        Title:  Associate

                                   By:/s/ F. Kamran
                                      -----------------------
                                      Title:  Associate

                                      -13-

<PAGE>

                                   THE FUJI BANK, LIMITED

                                   By:____________________________
                                        Title:  ________________________

                                      -14-

<PAGE>

                                   HUNTINGTON NATIONAL BANK

                                   By:/s/ Mark A Koscielski
                                        Title:  Vice President

                                      -15-

<PAGE>

                                   NATIONAL BANK OF CANADA

                                   By:/s/R. Kevin Finn          Duane K. Bedard
                                      Title:  Vice President    Vice President

                                      -16-

<PAGE>

                                   NATIONAL CITY BANK

                                   By:/s/Kenneth M. Blackwell
                                        Title:  Asst. Vice President

                                      -17-

<PAGE>

                                   STANDARD FEDERAL BANK

                                   By:  /s/  G. Castle
                                      -----------------------------
                                        Title: First Vice President

                                      -18-

<PAGE>

                                   EATON VANCE SENIOR INCOME TRUST

                                   By: Eaton Vance Management as
                                       Investment Advisor

                                   By: /s/ Payson F. Swaffield
                                       -----------------------

                                       Title: Vice President
                                              ----------------

                                      -19-

<PAGE>

                                   EV INSTITUTIONAL SENIOR LOAN FUND

                                   By: Eaton Vance Management as
                                       Investment Advisor

                                   By: /s/ Payson F. Swaffield
                                       -----------------------
                                        Title: Vice President
                                               ---------------

                                      -20-

<PAGE>

                                   FIRST UNION NATIONAL BANK OF NORTH
                                   CAROLINA

                                   By: /s/ John L. Thomas
                                       ---------------------
                                       Title: Vice President

                                      -21-

<PAGE>

                                   FIRSTAR BANK, N.A.

                                   By:____________________________
                                        Title:  ________________________

                                      -22-

<PAGE>

                                   OXFORD STRATEGIC INCOME FUND

                                   By:  Eaton Vance Management as
                                         Investment Advisor
                                   By:  /s/ Payson F. Swaffield
                                        ------------------------
                                           Title: Vice President

                                      -23-

<PAGE>

                                   SENIOR DEBT PORTFOLIO

                                   By: Boston Management and
                                       Research as Investment Advisor

                                   By: /s/ Payson F. Swaffield
                                      ----------------------------------
                                        Title: Vice President

                                      -24-

<PAGE>

                                   TRANSAMERICA BUSINESS CREDIT
                                   CORPORATION (a Successor to
                                   Transamerica Business Credit
                                   Corporation)

                                   By: /s/ Steve Goetschius
                                      ----------------------------------

                                      Title: Senior Vice President
                                            ----------------------------

                                      -25-

<PAGE>

                                   APEX IDM I LTD.

                                   By: /s/ Glen Duffy
                                       -----------------------------
                                        Title:  Director
                                                --------------------

                                      -26-

<PAGE>

                              CONSENT AND AGREEMENT

                  As of the date and year first above written, each of the
undersigned hereby:

                  (a) fully consents to the terms and provisions of the above
Amendment and the consummation of the transactions contemplated thereby; and

                  (b) agrees that the Guaranty to which it is a party and each
other Loan Document to which it is a party are hereby ratified and confirmed and
shall remain in full force and effect, acknowledges and agrees that it has no
setoff, counterclaim, defense or other claim or dispute with respect the
Guaranty to which it is a party and each other Loan Document to which it is a
party.

                  (c) represents and warrants to the Agent and the Lenders that
the execution, delivery and performance of this Consent and Agreement, the
Guaranty to which it is a party and each other Loan Document to which it is a
party are within its powers, have been duly authorized and are not in
contravention of any statute, law or regulation or of any terms of its
organizational documents or of any material agreement or undertaking to which it
is a party or by which it is bound, and this Consent and Agreement, the Guaranty
to which it is a party and each other Loan Document to which it is a party are
the legal, valid and binding obligations of it, enforceable against it in
accordance with the terms hereof and thereof. Terms used but not defined herein
shall have the respective meanings ascribed thereto in the Credit Agreement.

                                   MSX INTERNATIONAL TECHNOLOGY SERVICES, INC.

                                   By: /s/ Carol Creel
                                      ------------------------------------
                                            Carol Creel
                                   Title:   Vice President

                                   MSX INTERNATIONAL SERVICES (HOLDINGS), INC.

                                   By:  /s/ Carol Creel
                                      ------------------------------------
                                            Carol Creel
                                   Title:   Vice President

                                   MSX INTERNATIONAL BUSINESS SERVICES, INC.

                                   By:  /s/ Carol Creel
                                      ------------------------------------
                                            Carol Creel
                                   Title:   Vice President

                                   MSX INTERNATIONAL ENGINEERING SERVICES, INC.

                                   By:  /s/ Carol Creel
                                      ------------------------------------
                                            Carol Creel
                                   Title:   Vice President

                                      -27-

<PAGE>

                                   MSX INTERNATIONAL (HOLDINGS), INC.

                                   By: /s/ Carol Creel
                                       ------------------------------------
                                             Carol Creel
                                   Title:    Vice President

                                   MEGATECH ENGINEERING, INC.

                                   By: /s/ Carol Creel
                                       ------------------------------------
                                             Carol Creel
                                   Title:    Vice President

                                   CREATIVE TECHNOLOGY SERVICES, L.L.C.

                                   By: /s/ Carol Creel
                                       ------------------------------------
                                             Carol Creel
                                   Title:    Secretary

                                   CHELSEA COMPUTER CONSULTANTS, INC.

                                   By: /s/ Carol Creel
                                       ------------------------------------
                                             Carol Creel
                                   Title:    Vice President

                                   MILLENNIUM COMPUTER SYSTEMS, INC.

                                   By: /s/ Carol Creel
                                       ------------------------------------
                                             Carol Creel
                                   Title:    Vice President

                                      -28-

<PAGE>

                                 SCHEDULE 5.2(F)

I.       INDEBTEDNESS

         1.       Deutsche Bank standby letter of credit in an aggregate
                  available amount of DM 300,000 to secure real estate lease
                  commitments which have traditionally been supported by a DM
                  500,000 unsecured credit facility.

         2.       See capital leases appearing in UCC search schedule included
                  as an exhibit to the Amended and Restated Credit Agreement
                  dated as of November 30, 1999.

         3.       Satiz S.p.A. has a financing agreement with the Fiat group
                  factoring agent, Fidis S.p.A. The agreement provides for
                  borrowings for general corporate purposes, up to 100% of
                  eligible accounts receivable. Receivables from Fiat group
                  companies are transferred from the customer to Fidis. At
                  August 31, 2001, Satiz received advances pursuant to the
                  agreement totaling approximately $18.6 million.

         4.       Quandocorre Interinale S.p.A., ("QI") has a line of credit for
                  Lit. 1,500,000,000 (approximately $750,000) provided by Banca
                  Commerciale Italiana S.p.A. ("Comit"). The line of credit is
                  open for indefinite duration, but the bank may terminate it
                  with limited notice.

                                      -29-

<PAGE>

                                 SCHEDULE 5.2(G)

II.      EXISTING LIENS

         1.       UCC liens appearing in the UCC search schedule included as an
                  exhibit to the Amended and Restated Credit Agreement dated as
                  of November 30, 1999.

         2.       Mortgage held by Trustee Savings Bank securing 99-year lease
                  on long-leasehold property in Southend, England in the amount
                  of(pound)6,000.

         3.       Lessor's interest in permitted capital leases.

         4.       Quandocorre Interinale S.p.A., an indirect subsidiary, has
                  deposited Lit. 700 million (approximately $340,000) as
                  security in favor of the Italian Ministry of Labor, required
                  as a condition to the issuance of the authorization for QI to
                  operate.

                                      -30-<PAGE>
                                                                    EXHIBIT 10.1

                                                            COMMUNITY SHORES LLC

                      SUBORDINATED NOTE PURCHASE AGREEMENT

To:      Purchaser of a Floating Rate
         Subordinated Note of Community Shores
         Bank Corporation, Due June 30, 2006

         Community Shores Bank Corporation, a Michigan corporation (the
"Company"), whose address is 1030 W. Norton Avenue, Muskegon, Michigan 49441,
agrees with you ("you") as follows:

         1. The Note. The Company intends to issue up to $4,000,000 of its
Floating Rate Subordinated Notes due June 30, 2006 (the "Floating Rate
Subordinated Notes"). The Company has taken all necessary action to authorize
the execution and delivery of this Agreement and the sale and issuance to you
under this Agreement of one of its Floating Rate Subordinated Notes, in the
principal amount (which together with Floating Rate Subordinated Notes
previously issued to you and expected to be issued to you in the future, is not
less than $100,000) designated by you on the signature page of this Agreement
(the "Note"). The Note will be in substantially the form set forth as Exhibit A
to this Agreement. The Note will be dated as of the Closing Date (defined
below), and mature on June 30, 2006, unless the maturity date is extended by
written agreement of the Company and you. The Note will bear interest on its
unpaid principal balance at the Adjusted Firstar Prime Rate from the Closing
Date until payment in full, payable quarterly in arrears on April 15, July 15,
October 15, and January 15 of each year, for the immediately preceding quarter,
commencing July 15, 2000. The Adjusted Firstar Prime Rate is the per annum rate
announced from time to time by Firstar Bank, N.A. as its prime rate, or if that
rate is not practical to determine for any period, then during such period the
prime rate prevailing at the time in the State of Michigan, plus in either case
one and one-half percent (1 1/2 %) per annum. Interest on overdue interest will
be payable on demand at the rate of ten percent (10%) per annum. During the
continuance of any Event of Default the per annum rate of interest payable on
the unpaid principal balance of the Note will increase from the Adjusted Firstar
Prime Rate to two percent (2%) per annum above the Adjusted Firstar Prime Rate.
The Note will be unsecured and will not be convertible into capital stock of the
Company. The Note may be prepaid in whole or in part prior to maturity, without
any prepayment fee, at any time at the election of the Company, upon at least
one (1) days prior written notice to you.

         THE NOTE WILL BE ISSUED IN REGISTERED FORM ONLY AND WILL BE
TRANSFERABLE ONLY AS PROVIDED IN THIS AGREEMENT. THE NOTE WILL NOT BE ELIGIBLE
AS COLLATERAL FOR LOANS FROM THE COMPANY'S SUBSIDIARY, COMMUNITY SHORES BANK
(THE "BANK"). THE NOTE IS NOT A DEPOSIT OR OTHER OBLIGATION OF THE BANK. THE
NOTE IS NOT INSURED

<PAGE>

BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY.

         2. Purchase and Sale of the Note. Subject to the terms and conditions
of this Agreement, and in reliance upon the representations and warranties set
forth in this Agreement, you agree to purchase from the Company, and the Company
agrees to issue and sell to you, a Note, in the aggregate principal amount you
have designated on the signature page of this Agreement, upon delivery by you,
at or prior to the Closing Date, of the purchase price specified in Section 3.
The Company will initially issue to you one Note registered in your name and
payable to you in the aggregate principal amount of the Note being purchased by
you.

         3. Closing. The Closing under this Agreement will take place at the
main office of the Company at 1030 W. Norton Avenue, Muskegon, Michigan 49441,
at 9:00 a.m., on June 12, or on such other date and time as may be mutually
agreed upon between you and the Company (such date and time is called the
"Closing Date"). Unless otherwise mutually agreed between you and the Company,
at the Closing the Company will deliver the Note to you against payment by you,
by delivery to the Company of cash, a personal check, bank cashier's check, or
wire transfer, for 100% of the aggregate principal amount of the Note to be sold
and delivered to you (the "Purchase Price").

         4. Representations and Warranties of the Company. The Company
represents and warrants to you as follows:

                  (a) The Company is a corporation duly organized, validly
existing and in good standing under the laws of the State of Michigan.

                  (b) The Company is duly authorized to conduct its current
business and has all requisite corporate power and authority to own and operate
its properties and assets (including the voting capital stock of the Bank), and
to carry on its business; except to the extent that the Company's failure to be
so authorized or have such power or authority would not be expected to have a
material adverse effect on the Company.

                  (c) The Company is duly authorized to enter into this
Agreement, to issue and sell the Note, and to perform the terms of this
Agreement and of the Note.

                  (d) The Company has furnished to you its audited consolidated
balance sheets as of December 31, 1999 and 1998, and the related consolidated
statements of income, changes in shareholders' equity and cash flow for the year
ended December 31, 1999 and the period from July 23, 1998 (inception) through
December 31, 1998; together with the report thereon of Crowe Chizek and Company
LLP, independent auditors for the Company. Such financial statements present
fairly, in all material respects, the financial position of the Company as of
December 31, 1999 and 1998, and the results of its operations and its cash flows
for the year ended

                                       2
<PAGE>

December 31, 1999 and for the period from July 23, 1998 (inception) through
December 31, 1998, in conformity with generally accepted accounting principles.

                  (e) Since December 31, 1999, there has been no material
adverse change in the business or financial condition of the Company, except to
the extent disclosed in the Company's Quarterly Report to the Securities and
Exchange Commission for the quarter ended September 30, 2000, a copy of which
has been provided to you, or to the extent that the Company's operations since
December 31, 1999 have used cash or generated a loss, or require that the
Company or the Bank have additional capital to satisfy applicable bank
regulatory requirements.

                  (f) There are no actions, suits, proceedings or investigations
pending before any court or governmental agency, or, to the Company's knowledge,
threatened before any such court or governmental agency, which the Company
expects will result in any judgment, order, decree or liability having a
material adverse effect upon the business or financial condition of the Company,
or which questions the validity of the Note or this Agreement.

                  (g) The Company has filed all federal, state, local and other
tax returns required by law to be filed by it, and all taxes shown to be due and
all additional assessments shown to be due, have been paid by the Company;
except to the extent that the failure to make any such filing or payment would
not be expected to have a material adverse effect on the Company.

                  (h) The Company is not in default under, nor is it violating
any term of its Articles of Incorporation or its Bylaws, or any term or
condition of any agreement, lease, contract, instrument, judgment, decree, or
order applicable to it, where such default or violation would be expected to
have a material adverse effect on the Company. Neither the execution and
delivery of this Agreement, nor the consummation of the transactions
contemplated by this Agreement, nor compliance with the provisions of this
Agreement and of the Note, will result in any default under or violation of any
term or condition of any agreement, lease, contract, instrument, judgment,
decree, or order applicable to it, where such default or violation would be
expected to have a material adverse effect on the Company, or in the creation of
any mortgage, lien, charge, or encumbrance upon any of the properties and assets
of the Company, where such mortgage, lien, charge or encumbrance would be
expected to have a material adverse effect on the Company.

                  (i) There exists no condition, event or act which would
constitute an Event of Default, as defined in Section 9 of this Agreement, or
which, after notice or lapse of time or both, would constitute such an Event of
Default.

         5. Representations, Warranties and Covenants of the Purchaser. You are
aware that the Company intends to issue the Note and the other Floating Rate
Subordinated Notes pursuant to an exemption from registration under Rule 506 of
Regulation D or Section 4(2) of the Securities Act of 1933 (the "Securities
Act"), and

                                       3
<PAGE>

under Section 402(b)(9) of the Michigan Uniform Securities Act (the "Michigan
Act"), or without registration under the Michigan Act in reliance on Section 18
of the Securities Act. In determining whether these exemptions from registration
under the Securities Act, the Michigan Act, or other applicable securities laws,
are available, the Company is relying upon your representations, warranties and
covenants contained in this Agreement, and upon those of other purchasers of the
Company's Floating Rate Subordinated Notes. You represent and warrant to, and
agree with, the Company as follows:

                  (a) You are acquiring the Note solely for your own account,
for investment and not with a view to any further sale or distribution of the
Note.

                  (b) The Note has not been registered under the Securities Act,
the Michigan Act, or any other state securities act, and will not be sold or
otherwise transferred without registration under the Securities Act, the
Michigan Act, and any other applicable state securities act, or an exemption
from registration. You recognize that the certificate representing the Note will
bear a restrictive legend providing that no sale or other transfer may be made
without registration under federal and state securities laws or an exemption
from registration. The records of the Company will also be marked to note the
restrictions on transfer of the Note referred to in this Section.

                  (c) In addition to the restrictions on transfer set forth in
subsection (b) above, you agree that you will give the Company at least 10
business days (or such shorter period as the Company may agree to) advance
notice of any proposed sale, pledge, or other transfer of the Note or of any
interest in the Note; and will not sell, pledge or otherwise transfer the Note,
or any interest in the Note, without the written consent of the Company; except
that no consent of the Company shall be required for any sale of the Note to any
person who is a member of the Board of Directors of the Company at the time of
the sale, or that is an entity all of the equity owners of which are members of
the Board of Directors of the Company at the time of the sale, and provided
further that this Note may be pledged to Firstar Bank, N.A. (which entity may
also be referred to as Firstar Bank, National Association), and no consent of
the Company shall be required for any sale, pledge or transfer to Firstar Bank,
N.A., or for any sale or transfer in compliance with applicable securities laws
to any purchaser upon exercise of any remedy by Firstar Bank, N.A. in connection
with any such pledge. The Company may decline to grant its consent for any
reason, or no reason.

                  (d) The Note was not offered to you by means of any
advertisement, article, notice or other communication published in any
newspaper, magazine or similar medium, or broadcast over television or radio, or
any other form of general solicitation or advertising. Materials submitted to
you in connection with the purchase of the Note were received by you at least 48
hours before this Agreement was signed.

                  (e) You have not paid or agreed to pay any commission to any
person for soliciting you to purchase the Note; and you are not aware any other
person

                                       4
<PAGE>

making any agreement to pay, or paying any commission in connection with the
sale of any Floating Rate Subordinated Note.

                  (f) You are an "accredited investor" as that term is defined
in Regulation D under the Securities Act, because (initial the clause that
applies):

                  You are a member of the Board of Directors of the Company; or
--------------

                  You are a limited liability company, all of the members of
--------------    which are member of the Board of Directors of the Company; or

                  You are an individual retirement account, the sole owner of
--------------    which is a member of the Board of Directors of the Company; or

       X          Describe your basis for being an accredited investor
--------------

                  All of your members are members of the Board of Directors of
                  the Company.

                  (g) All communication with you regarding the purchase of the
Note has occurred in the State of Michigan; and if you are an individual, you
are a bona fide resident of the State of Michigan, and if you are an entity,
your principal office is located in the State of Michigan.

                  (h) You have full power and authority, and have taken, and if
you are an entity, your members, shareholders, directors, trustees or other
governing bodies have taken all action necessary to authorize the purchase of
the Note, and you have obtained the consent or approval of all governmental
agencies or bodies whose consent or approval is required for your purchase of
the Note. Your purchase of the Note does not violate any law, rule or regulation
to which you are subject nor the terms of any agreement or undertaking to which
you are a party.

         6. Payment, Registration and Transfer of the Note. The Company may make
all payments on account of the principal of the Note and any interest thereon
directly by check duly mailed or delivered to you at your address set forth in
the register referred to in this Section 6, without any presentment or notation
of payment, notwithstanding any provisions to the contrary in the Note with
respect to the place and manner of payment. Any amount of principal so paid on
the Note shall be regarded as having been retired and cancelled at the time of
payment. When all principal of and interest on the Note has been fully paid, the
Note shall be surrendered to the Company and shall be retired and cancelled.

         The Company will cause to be kept at its principal office a register in
which shall be entered the name and address of the holder of the Note, the
particulars of the Note, and of all transfers of the Note. The person in whose
name the Note shall be so registered shall be deemed and treated as the owner of
the Note for all purposes of

                                       5
<PAGE>

this Agreement and the Company shall not be affected by any notice to the
contrary. Payment of or on account of the principal of and interest on the Note
shall be made only to or upon the written order of the registered owner. For the
purpose of any request, direction, consent, or waiver under this Agreement, the
Company may deem and treat the registered owner of the Note as the owner of the
Note without production of the Note.

         Subject to compliance with the requirements of Sections 5(b) and 5(c)
of this Agreement, the holder of the Note may at any time prior to maturity or
payment in full of the Note transfer the Note by surrender of the Note at the
principal office of the Company with an appropriate instrument of transfer, and
the Company shall, without expense to such holder or transferee, execute and
deliver to the transferee a new Note registered in the name of such transferee
in principal amount equal to the unpaid principal amount of the Note so
transferred. All Notes so issued upon transfers or exchanges shall have the same
maturity and rate of interest, contain the same provisions, and be subject to
the same terms and conditions as the Note so surrendered, including all of the
provisions of this Agreement.

         Upon receipt of evidence satisfactory to the Company of the loss,
theft, destruction or mutilation of any Note, and, if requested by the Company,
upon delivery of an indemnity agreement or security reasonably satisfactory to
the Company, the Company will issue a new Note of like tenor and amount in lieu
of such lost, stolen, destroyed or mutilated Note. References in this Agreement
to the Note shall include any Note issued pursuant to this Section 6.

         7. Subordination. The Company, for itself, its successors and assigns,
covenants and agrees, and each original and successor holder of the Note by his
acceptance thereof likewise covenants and agrees that, notwithstanding any other
provision of this Agreement or the Note, the payment of the principal of and
interest on the Note shall be subordinated in right of payment, to the extent
and in the manner set forth in this Agreement, to the prior payment in full of
all of the Company's Senior Debt. "Senior Debt" means (a) all obligations and
liabilities of the Company for borrowed money or purchased money, whether direct
or indirect, absolute or contingent, joint, several or joint and several,
secured or unsecured, due or to become due, now existing or later arising, (b)
all similar obligations of the Company arising from off-balance sheet guarantees
and direct credit substitutes, and (c) all obligations of the Company associated
with derivative products such as interest and foreign exchange rate contracts,
commodity contracts, and similar arrangements; to the extent, in each case, they
are not by their terms made subordinate and junior to or on a parity with the
Note, provided, however, that the obligations evidenced by the Company's
Floating Rate Subordinated Notes that are now outstanding or later issued shall
not constitute Senior Debt. The Note is not superior in right of payment to the
other Floating Rate Subordinated Notes, but instead shall rank pari passu with
all of the other Floating Rate Subordinated Notes for all purposes. The Note is
senior to the Company's capital stock and in the event of any liquidation or
insolvency of the Company would

                                       6
<PAGE>

be eligible to receive payments out of the Company's assets before any payments
to the Company's shareholders with respect to the capital stock.

         In the event of any bankruptcy, insolvency or similar proceedings or
any receivership, liquidation, reorganization or other similar proceedings
relative to the Company or to its property, and in the event of any proceedings
for voluntary liquidation, dissolution or other winding up of the Company or the
distribution or marshalling of its assets or any composition with creditors of
the Company, whether or not involving insolvency of the Company, then and in
such event:

         (i) all obligations of the Company to which the Note is subordinated in
right of payment shall be paid in full before any payment or distribution of any
character shall be made on account of the Note;

         (ii) any payment by, or distribution of assets of, the Company of any
kind or character, whether in cash, property or securities, to which the holder
of the Note would be entitled except for the provisions of this Section 7 shall
be paid or delivered by the person making such payment or distribution, whether
a trustee in bankruptcy, a receiver or liquidating trustee or otherwise,
directly to the holders of Senior Debt or their representative or
representatives or to the trustee or trustees under any indenture under which
any instruments evidencing any of such Senior Debt may have been issued, ratably
according to the aggregate amounts remaining unpaid on account of the Senior
Debt held or represented by each, to the extent necessary to make payment in
full of all Senior Debt remaining unpaid after giving effect to any concurrent
payment or distribution to the holders of such Senior Debt; and

         (iii) in the event that, notwithstanding the foregoing, any payment by,
or distribution of assets of, the Company of any kind or character, whether in
cash, property or securities shall be received by the holder of the Note before
all Senior Debt is paid in full, such payment or distribution shall be held in
trust for the benefit of, and shall be paid over to the holders of such Senior
Debt or their representative or representatives or to the trustee or trustees
under any indenture under which any instruments evidencing any of such Senior
Debt may have been issued, ratably as aforesaid, for application to the payment
of all Senior Debt remaining unpaid until all such Senior Debt shall have been
paid in full, after giving effect to any concurrent payment or distribution to
the holders of such Senior Debt.

         Subject to the payment in full of all Senior Debt, the holder of the
Note shall be subrogated to the rights of the holders of the Senior Debt to
receive payments or distributions of cash, property or securities of the Company
applicable to the Senior Debt until all amounts owing on the Note shall be paid
in full, and as between the Company, its creditors other than holders of Senior
Debt, and the holder of the Note no such payment or distribution made to the
holders of Senior Debt by virtue of this Section 7 which otherwise would have
been made to the holder of the Note shall be deemed to be a payment on account
of the Senior Debt, it being understood that the provisions of this Section 7
are intended solely for the purpose of defining the relative

                                       7
<PAGE>

rights of the holder of the Note, on the one hand, and the holders of the Senior
Debt, on the other hand.

         In the event that any default occurs in the payment of the principal of
(and premium, if any) or interest on any Senior Debt, and if thereafter judicial
proceedings shall have been instituted with respect to such defaulted payment,
or if the maturity of any Senior Debt is accelerated by any holder thereof upon
a default with respect thereto and such acceleration has not been rescinded or
said accelerated Senior Debt has not been paid, then, and during the continuance
of either of such events, no payment of principal or interest on the Note shall
be made by the Company or demanded or accepted by any holder of the Note who has
received notice from the Company or from a holder of such Senior Debt of either
of such events. In case any payment or distribution shall be paid or delivered
to any holder of the Note who has received notice of either of the events
specified in the preceding sentence, in violation or contravention of the
provisions of this subordination, such payment or distribution shall be held in
trust for and paid and delivered to the holders of such Senior Debt until they
shall have been paid in full.

         No present or future holder of Senior Debt shall be prejudiced in his
right to enforce subordination of the Note by any failure to act on the part of
the Company.

         The subordination provisions of this Section 7 are solely for the
purpose of defining the relative rights of the holders of Senior Debt on the one
hand and the holder of the Note on the other hand, and nothing herein shall
impair, as between the Company and the holder of the Note, the obligation of the
Company, which is unconditional and absolute, to pay to such holder the
principal of and interest on the Note in accordance with its terms, nor shall
anything in this Agreement prevent the holder of the Note from exercising all
remedies in this Agreement or otherwise permitted by applicable law upon the
occurrence of an Event of Default under this Agreement (subject to the rights,
if any, of the holders of Senior Debt to receive cash, property or securities
otherwise payable or deliverable to the holder of the Note).

         8. Covenants of the Company. The Company covenants and agrees that, so
long as the Note is outstanding, it will perform and observe the following
covenants and provisions:

     (a) The Company will pay the principal of and interest on the Note at the
time and place and in the manner stated in the Note.

                  (b) The Company will not sell all or substantially all of its
assets unless the purchaser agrees to be liable for the payment of all of the
Company's obligations under the Note.

                  (c) The Company will not consolidate with or merge into any
other corporation or entity or permit any other corporation or entity to
consolidate with or merge into the Company; provided that the foregoing shall
not apply to any

                                       8
<PAGE>

consolidation or merger to which the Company is a party if the Company is the
surviving corporation, or the surviving corporation agrees to be liable for the
payment of all of the Company's obligations under the Note.

                  (d) The Company will provide, within 20 days after written
request or request in person at the main office of the Company, to the holder of
the Note a copy of the consolidated balance sheet of the Company as of the end
of the most recently completed fiscal year of the Company and a consolidated
statement of income for such fiscal year, in reasonable detail and prepared in
accordance with generally accepted accounting principles. Such financial
statements will be available to the holder of the Note on or after the 90th day
following the end of each fiscal year of the Company.

                  (e) During any period that an Event of Default exists and is
continuing under this Agreement, the Company will not make any payment of
principal of or interest on any other Floating Rate Subordinated Note unless the
Company makes a payment of principal or interest on the Note in an amount such
that the payments of principal and interest made on the Floating Rate
Subordinated Notes outstanding at that time are pro rata, based on the principal
and interest then due on each respective Floating Rate Subordinated Note
compared to the principal and interest then due on all of the Floating Rate
Subordinated Notes.

                  (f) The Company will, from time to time, within ten (10) days
after submission of a written request for payment, reimburse you for all
reasonable out-of-pocket costs, including legal fees and expenses, incurred by
you in connection with the preparation or review of this Agreement, the Note,
any amendment or proposed amendment to this Agreement or the Note, or any
related documents, or in analyzing or enforcing any of your rights under this
Agreement or the Note, or in connection with any claim or inquiry brought by any
shareholder of the Company or by any bank regulatory organization, in connection
with this Agreement, the Note, or any of the related transactions.

                  (g) Within five (5) days after the Closing, the Company will
pay to you an amount equal to one percent (1%) of the Purchase Price as a
closing fee.

         9. Defaults. Each of the following events shall constitute an "Event of
Default" under this Agreement:

                  (a) If the Company shall default in the payments of any part
of the principal of the Note when the same shall become due and payable, whether
at maturity or at a date fixed for prepayment or by acceleration or otherwise;
and the default continues for more than (ten) 10 days after the holder of the
Note provides written notice of the default to the Company; or

                                       9
<PAGE>

                  (b) If the Company shall default in the payment of any
installment of interest on the Note, and the default continues for more than
(fifteen) 15 days after the holder of the Note provides written notice of the
default to the Company; or

                  (c) If the Company shall default in the performance or
observance of any of the terms, covenants, or conditions of this Agreement or
the Note, and such default shall continue for more than thirty (30) days after
the holder of the Note provides written notice of the default to the Company; or

                  (d) If any representation or warranty made by the Company in
this Agreement shall prove to have been false or incorrect in any material
respect on the date as of which it was made; or

                  (e) If the Company shall default in the payment of any
principal of or interest on any Floating Rate Subordinated Note other than the
Note, or upon any Senior Debt aggregating more than $100,000 in amount; and such
default continues unremedied for more than fifteen (15) days after notice by the
holder or holders of any such Floating Rate Subordinated Notes or Senior Debt to
the Company of such default; or

                  (f) The Commissioner of the Michigan Office of Financial and
Insurance Services, the Board of Governors of the Federal Reserve System, or the
Federal Deposit Insurance Corporation, or any other regulatory authority having
jurisdiction shall take possession of the properties, assets, and business of
the Bank or appoint a receiver or conservator of the Bank; or

                  (g) Any action or proceeding shall be commenced by or against
the Company or the Bank for reorganization, liquidation or similar relief under
the Bankruptcy Code, or any other bankruptcy, reorganization or insolvency law
or statute, and shall remain undismissed for 30 days.

         If an Event of Default under paragraphs (f) or (g) above shall occur
and be continuing, the Note shall, without further action on the part of the
holder or any other person, automatically and immediately become due and
payable. If an Event of Default under paragraphs (a), (b), (c), (d) or (e) above
shall occur and be continuing, then the holder of the Note shall have the option
(unless such event shall have been remedied) to pursue such remedies as are
permitted upon default under applicable law. In the event that the Note become
due and payable automatically as provided for in the first sentence of this
paragraph, then, subject to the subordination provisions of Section 7 of this
Agreement, the Note shall immediately mature and become due and payable without
presentment, demand, protest or further notice of any kind, all of which are
expressly waived. No delay on the part of the holder of the Note in exercising
any right, power, or privilege under this Agreement shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power or
privilege preclude other or further exercise thereof or the exercise of any
other rights, power or privilege under this Agreement.

                                       10
<PAGE>

         10. Adjustment of Interest Rate and Fees. You and the Company
acknowledge that Community Shores LLC, one of the intended purchasers of a
Floating Rate Subordinated Note, intends to initially fund its purchase of a
Floating Rate Subordinated Note with a loan from Firstar Bank, N.A. that bears
interest at one-half percent (1/2%) below the per annum rate announced from time
to time by Firstar Bank as its prime rate. In the event that Community Shores
LLC is required to pay a higher rate of interest to Firstar Bank, N.A. (or
another lender) for money that it uses to fund (or continue funding) its
Floating Rate Subordinated Note, the Company agrees that during any period that
a higher rate is in effect for such funding, the Company will pay you an
additional amount as interest such that the interest rate paid on the Note will
be at a rate that is not less than two percent (2%) per annum above the rate of
interest payable by Community Shores LLC to fund its Floating Rate Subordinated
Note. In addition, to the extent that Community Shores LLC is required to pay
any fees to Firstar Bank, N.A. (or another lender) in connection with its
obtaining of money to fund (or continue to fund) its Floating Rate Subordinated
Note, the Company will upon request by Community Shores LLC, promptly reimburse
Community Shores LLC for the amount of such fees that it has paid.

         11. Amendments, Waivers and Consents. Changes or additions to this
Agreement may be made, and compliance with any covenant or provision herein set
forth may be omitted or waived, if the Company shall obtain consent thereto in
writing from the holder of Note. No change in or addition to Section 7 of this
Agreement, or waiver of compliance with the provisions of Section 7, shall in
any way affect the existing rights of creditors of the Company outstanding at
the time of any such change, addition or waiver. Any consent may be given
subject to the satisfaction of conditions stated in the document setting forth
or accompanying the consent.

         12. Survival of Representations and Warranties. All representations and
warranties contained in this Agreement are made in writing by the Company in
connection with the transactions contemplated by this Agreement, are made as of
the date of this Agreement, and shall survive the execution and delivery of this
Agreement and of the Note.

         13. Notices. Any notice or demand which by any provision of this
Agreement is required or provided to be given shall be deemed to have been
sufficiently given or served for all purposes when actually delivered, or if
earlier, three business days after being sent by registered or certified United
States mail, return receipt requested, and postage prepaid, to the applicable
party at the address set forth opposite the signature of such party below or at
such other address with respect to either party as such party shall notify the
other in writing.

         14. Benefits. All of the terms and provisions of this Agreement shall
bind and inure to the benefit of the parties to this Agreement and their
respective successors and assigns, including all assignees and subsequent
holders of the Note; provided that despite any assignment or transfer of the
Note the Company shall be

                                       11
<PAGE>

entitled to treat as the owner of the Note the holder designated as payee on the
records maintained by the Company unless and until the Company shall have
received the tender of the Note for transfer as provided for in Section 6
hereof.

         15. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Michigan, without regard to choice of
law principles of such State.

         16. Counterparts. This Agreement may be executed in any number of
counterparts, each of which, when executed and delivered shall be an original,
but such counterparts shall together constitute one and the same instrument.

            [The remainder of this page is intentionally left blank.]

                                       12
<PAGE>

         If you agree with the above, please sign this Agreement and return it
to the Company, at which time this Agreement will become and evidence a binding
agreement between the Company and you as of the date and year first above
written.

Very truly yours,

COMMUNITY SHORES BANK
  CORPORATION

                                             Address of Company:

                                             1030 W. Norton Avenue
                                             Muskegon, Michigan 49441
By:___________________________               Attention:  Chairman of the
    Jose' A. Infante                                     Board, President and
    Chairman of the Board,                               and Chief Executive
     President and Chief Executive Officer               Officer

PURCHASER

This Agreement is hereby accepted
and agreed to:

                                             Address of Purchaser:

COMMUNITY SHORES LLC                         1030 W. NORTON AVENUE
Purchaser                                    MUSKEGON, MI 49441

By: Jose' A. Infante.

         _________________________________
         Its: Manager

AMOUNT OF NOTE TO BE PURCHASED:     $100,000.00

                                       13
<PAGE>

                                    EXHIBIT A

                     FORM OF FLOATING RATE SUBORDINATED NOTE

         The Note shall be in substantially the form set forth in this Exhibit,
with such appropriate insertions, omissions, substitutions and other variations
as are required or permitted by resolution of the Board of Directors of the
Company or by the officer or officers executing the Note, as evidenced by his,
her, or their execution of the Note.

No. R-______

                        COMMUNITY SHORES BANK CORPORATION

                         FLOATING RATE SUBORDINATED NOTE
                                DUE JUNE 30, 2006

         THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, THE
MICHIGAN UNIFORM SECURITIES ACT, OR THE SECURITIES LAWS OF ANY OTHER STATE. THIS
NOTE MAY NOT BE SOLD OR OTHERWISE TRANSFERRED WITHOUT REGISTRATION UNDER THE
SECURITIES ACT OF 1933, THE MICHIGAN UNIFORM SECURITIES ACT, AND ANY OTHER
APPLICABLE STATE SECURITIES LAWS, UNLESS AN EXEMPTION FROM REGISTRATION IS
AVAILABLE.

         THIS NOTE IS SUBJECT TO RESTRICTIONS ON SALE, PLEDGE AND OTHER
TRANSFERS SET FORTH IN AN AGREEMENT BETWEEN THE HOLDER AND ISSUER OF THIS NOTE,
INCLUDING RESTRICTIONS REQUIRING, IN MOST CASES, THE ISSUER'S CONSENT PRIOR TO
ANY SALE, PLEDGE OR OTHER TRANSFER.

         THIS NOTE IS NOT A DEPOSIT OR OTHER OBLIGATION OF COMMUNITY SHORES BANK
AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER
GOVERNMENT AGENCY. THIS NOTE IS SUBORDINATE TO THE CLAIMS OF CERTAIN OTHER
CREDITORS OF THE COMPANY, IS INELIGIBLE TO SECURE A LOAN FROM COMMUNITY SHORES
BANK, AND IS UNSECURED.

         Community Shores Bank Corporation, a Michigan corporation (the
"Company"), for value received, hereby promises to pay to

or permitted registered assigns, on June 30, 2006, the principal sum of
______________________________________________ Dollars and to pay interest on
the unpaid principal amount of this Note from the date of this Note or from the
most recent Interest Payment Date to which interest hereon has been paid or duly
provided

                                       14
<PAGE>

for, whichever is later, quarterly in arrears on the 15th day of April, July,
October, and January (each an "Interest Payment Date") in each year commencing
on ___________ 15, 20__, at the Adjusted Firstar Prime Rate until the principal
of this Note is paid or made available for payment. The Adjusted Firstar Prime
Rate is the per annum rate announced from time to time by Firstar Bank, N.A. as
its prime rate, or if that rate is not practical to determine for any period
than during such period the prime rate prevailing at the time in the State of
Michigan, plus in either case one and one-half percent (1 1/2 %) per annum.

         Interest on overdue interest will be payable on demand at the rate of
ten percent (10%) per annum. During the continuance of any Event of Default (as
defined in the Purchase Agreement referred to below) the per annum rate of
interest payable on the unpaid principal balance of this Note will increase from
the Adjusted Firstar Prime Rate to two percent (2%) per annum above the Adjusted
Firstar Prime Rate.

         The interest so payable and punctually paid or duly provided for on any
Interest Payment Date will be paid to the person in whose name this Note is
registered at the close of business on the Regular Record Date for such interest
which shall be the 15th day (whether or not a business day) of the calendar
month immediately preceding an Interest Payment Date, notwithstanding the
cancellation of this Note upon any transfer or exchange of this Note subsequent
to such Regular Record Date and prior to such Interest Payment Date. The
principal of and interest on this Note shall be payable at the principal office
of the Company in Muskegon County, Michigan; provided, however, that payment of
interest or principal may be made at the option of the Company by check mailed
to the address of the person entitled to the payment as such address may appear
on the Note Register. All such payments shall be made in such coin or currency
of the United States of America as at the time of payment is legal tender for
payment of public and private debts.

         This Note may be prepaid in whole or in part prior to maturity, without
any prepayment fee, at any time at the election of the Company, upon at least
one (1) days prior written notice to the person in whose name this Note is
registered.

         This Note is one of a duly authorized issue of subordinated notes of
the Company designated as its Floating Rate Subordinated Notes Due June 30, 2006
(the "Floating Rate Subordinated Notes"), limited in aggregate principal amount
to $4,000,000. This Note is issued under and pursuant to a Subordinated Note
Purchase Agreement dated______________________________, by and between the
Company and the initial registered owner of this Note (the "Purchase Agreement")
to which Purchase Agreement and any amendments to it reference is made for a
description of the rights, limitations of rights, obligations, and duties of the
Company and the person in whose name this Note is registered, and the terms upon
which the Notes are, and are to be, registered and delivered.

         The payment of principal of and interest on this Note is expressly
subordinated, as provided in the Purchase Agreement to the payment of any and
all Senior Debt of

                                       15
<PAGE>

the Company, as defined in the Purchase Agreement, which includes all
obligations of the Company for borrowed or purchased money, whether outstanding
at the date of the Purchase Agreement or subsequently incurred, other than
obligations evidenced by the Company's Floating Rate Subordinated Notes that are
now outstanding or later issued. This Note is not superior in right of payment
to the other Floating Rate Subordinated Notes, but instead shall rank pari passu
with all of the other Floating Rate Subordinated Notes. This Note is issued
subject to such provisions of the Purchase Agreement, and each holder of this
Note, by accepting the same, agrees to and shall be bound by such provisions.

         This Note is issuable only as a registered Note without coupons in
minimum denominations of $1,000. No service charge will be made for any transfer
or exchange of this Note, but the Company will require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
with any transfer or exchange. The Company may treat the person in whose name
this Note is registered as the owner of this Note for the purpose of receiving
payment and for all other purposes whether or not this Note is overdue, and the
Company shall not be affected by any notice to the contrary.

         As provided in the Purchase Agreement and subject to certain
limitations set forth in the Purchase Agreement, this Note is transferable on
the Note Register of the Company, upon surrender of this Note for transfer at
the principle office of the Company in Muskegon County, Michigan, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to
the Company, duly executed by, the registered holder of this Note.

         The interest rate payable on this Note may be increased under certain
circumstances as provided for in Section 10 of the Purchase Agreement.

         No reference in this Note to the Purchase Agreement and no provisions
of this Note or of the Purchase Agreement shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay, the principal of
and interest on this Note at the time and place, at the rate and in the currency
prescribed in this Note.

         Community Shores Bank Corporation has caused this Note to be executed
in its corporate name by the manual signature of its duly authorized officer.

Date:  ___________________________

                                            COMMUNITY SHORES BANK CORPORATION

                                             BY: ____________________________

                                                 ITS: _______________________

                                       16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}]]