Document:

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                                                               EXHIBIT 10(d)(ii)

                                                              [John L. Hilt IRA]

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

                   ******* PAINEWEBBER, INC. IRA CUSTODIAN FBO
                           JOHN L. HILT IRA II *******

or permitted registered assigns, on June 30, 2006, the principal sum of Five
Hundred and Twenty Five Thousand Dollars ($525,000) 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 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 July 15, 2000, 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.

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         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 June 27, 2000, 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 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

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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:   June 28, 2000

                                     COMMUNITY SHORES BANK CORPORATION

                                     BY: /s/  Jose' A. Infante
                                         -------------------------------------
                                              Jose' A. Infante
                                              Chairman of the Board, President
                                                 and Chief Executive Officer<PAGE>   1
                                                                 EXHIBIT 4(c)(8)

                                                                  EXECUTION COPY

                                 THIRD AMENDMENT
                                       TO
                   THIRD AMENDED AND RESTATED CREDIT AGREEMENT

         This THIRD AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
("Third Amendment") is made as of this 13th day of June, 2000 by and among
Credit Acceptance Corporation, a Michigan corporation ("Company"), the Permitted
Borrowers signatory hereto (each, a "Permitted Borrower" and collectively, the
"Permitted Borrowers"), Comerica Bank and the other banks signatory hereto
(individually, a "Bank" and collectively, the "Banks") and Comerica Bank, as
agent for the Banks (in such capacity, "Agent").

                                    RECITALS

         A. Company, Permitted Borrowers, Agent and the Banks entered into that
certain Third Amended and Restated Credit Agreement dated as of June 15, 1999, a
First Amendment dated as of December 10, 1999 and a Second Amendment dated as of
April 28, 2000 (collectively, the "Credit Agreement") under which the Banks
renewed and extended (or committed to extend) credit to the Company and the
Permitted Borrowers, as set forth therein.

         B. The Company and the Permitted Borrowers have requested that Agent
and the Banks agree to a further amendment to the Credit Agreement and Agent and
the Banks are willing to do so, but only on the terms and conditions set forth
in this Third Amendment.

         NOW, THEREFORE, Company, Permitted Borrowers, Agent and the Banks
agree:

         l.    Section 1 of the Credit Agreement is hereby amended by amending
               and restating the following definitions:

               (a)   "`Aggregate Sublimit' shall mean, as of any applicable date
                     of determination, that amount equal to thirty-five percent
                     (35%) of Company's Consolidated Tangible Net Worth,
                     determined as of the end of each fiscal quarter based upon
                     the financial statements required to be delivered under
                     Section 7.3(b) or 7.3(c) hereof, as the case may be, or
                     (subject to the terms hereof) determined on a monthly basis
                     at the request of the Company based on monthly financial
                     statements to be delivered pursuant to Section 2.14(b)
                     hereof, (and giving effect to any changes in net worth
                     shown in the applicable financial statements on the
                     required date of delivery thereof)."; and

               (b)   "`Revolving Credit Maturity Date' shall mean the earlier to
                     occur of (i) June 12, 2001, as such date may be extended
                     from time to time pursuant to Section

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                                                                         4(c)(8)

                     2.16 hereof, and (ii) the date on which the Revolving
                     Credit Maximum Amount shall be terminated pursuant to
                     Section 2.15 or 9.2 hereof.".

               (c)   "Revolving Credit Maximum Amount" shall mean One Hundred
                     Fifteen Million Dollars ($115,000,000), subject to any
                     increases in the Revolving Credit Maximum Amount pursuant
                     to Section 2.18 of this Agreement, by an amount not to
                     exceed the Revolving Credit Optional Increase, and subject
                     to any reductions or termination of the Revolving Credit
                     Maximum Amount under Sections 2.15 or 9.2 of this
                     Agreement.

               (d)   "Revolving Credit Optional Increase" shall mean an amount
                     up to Twenty-Five Million Dollars ($25,000,000), minus the
                     portions thereof applied from time to time under Section
                     2.18 hereof to increase the Revolving Credit Maximum
                     Amount.

         2.    Section 7.23(b)(iii) of the Credit Agreement is amended to change
               the reference to "AutoNet.net Finance Company" (in the third line
               of Section 7.23(b)) to "AutoNet Finance Company.Com, Inc. and CAC
               Leasing, Inc.," and to change the reference to "CAC Leasing" (in
               the last line of Section 7.23(b)) to "CAC Auto Leasing or AutoNet
               Finance.com".

         3.    Replacement Exhibit D (Percentages) to the Credit Agreement set
               forth on Attachment 1 hereto shall replace, in its entirety,
               existing Exhibit D to the Credit Agreement and replacement
               Schedule 6.15 (Litigation) to the Credit Agreement set forth on
               Attachment 2 hereto shall replace, in its entirety, existing
               Schedule 6.15 to the Credit Agreement.

         4.    This Third Amendment shall become effective, according to the
               terms and as of the date hereof, upon satisfaction by the Company
               and the Permitted Borrowers, on or before June 13, 2000, of the
               following conditions:

               (a)   Agent shall have received counterpart originals of this
                     Third Amendment, in each case duly executed and delivered
                     by Company, the Permitted Borrowers and the requisite
                     Banks, in form satisfactory to Agent and the Banks; and

               (b)   Agent shall have received from the Company and each of the
                     Permitted Borrowers a certification (i) that all necessary
                     actions have been taken by such parties to authorize
                     execution and delivery of this Third Amendment, supported
                     by such resolutions or other evidence of corporate
                     authority or action as reasonably required by Agent and the
                     Majority Banks and that no consents or other authorizations
                     of any third parties are required in connection therewith;
                     and (ii) that, after giving effect to this Third Amendment,
                     no Default or Event of Default has occurred and is
                     continuing on the proposed effective date of the Third
                     Amendment.

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                                                                         4(c)(8)

               If the foregoing conditions have not been satisfied or waived on
               or before June 13, 2000, this Third Amendment shall lapse and be
               of no further force and effect.

         5.    Each of the Company and the Permitted Borrowers ratifies and
               confirms, as of the date hereof and after giving effect to the
               amendments contained herein, each of the representations and
               warranties set forth in Sections 6.1 through 6.22, inclusive, of
               the Credit Agreement and acknowledges that such representations
               and warranties are and shall remain continuing representations
               and warranties during the entire life of the Credit Agreement.

         6.    Except as specifically set forth above, this Third Amendment
               shall not be deemed to amend or alter in any respect the terms
               and conditions of the Credit Agreement, any of the Notes issued
               thereunder or any of the other Loan Documents, or to constitute a
               waiver by the Banks or Agent of any right or remedy under or a
               consent to any transaction not meeting the terms and conditions
               of the Credit Agreement, any of the Notes issued thereunder or
               any of the other Loan Documents.

         7.    Unless otherwise defined to the contrary herein, all capitalized
               terms used in this Third Amendment shall have the meaning set
               forth in the Credit Agreement.

         8.    This Third Amendment may be executed in counterpart in accordance
               with Section 13.10 of the Credit Agreement.

         9.    Comerica Bank - Canada having been designated by Comerica Bank,
               in its capacity as swing line bank (and as a Bank) under the
               Credit Agreement to fund Comerica Bank's advances in $C pursuant
               to Section 11.12 of the Credit Agreement, has executed this Third
               Amendment to evidence its approval of the terms and conditions
               thereof.

         10.   This Third Amendment shall be construed in accordance with and
               governed by the laws of the State of Michigan.

                     [SIGNATURES FOLLOW ON SUCCEEDING PAGES]

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                                                                         4(c)(8)

         WITNESS the due execution hereof as of the day and year first above
written.

COMERICA BANK,                           CREDIT ACCEPTANCE CORPORATION
  as Agent

By:   /S/SCOTTIE KNIGHT                  By:   /S/DOUGLAS W. BUSK
Its:  VICE PRESIDENT                     Its:  CHIEF FINANCIAL OFFICER
One Detroit Center
500 Woodward Avenue
Detroit, Michigan 48226
Attention: Scottie Knight

COMERICA BANK - CANADA                   CREDIT ACCEPTANCE CORPORATION
                                         UK LIMITED

By:    /S/DAVID WRIGHT                   By:   /S/DOUGLAS W. BUSK
Its:   RELATIONSHIP MANAGER              Its:  TREASURER

                                         CAC OF CANADA LIMITED

                                         By:   /S/DOUGLAS W. BUSK
                                         Its:  TREASURER

                                         CREDIT ACCEPTANCE CORPORATION
                                         IRELAND LIMITED

                                         By:   /S/DOUGLAS W. BUSK
                                         Its:  TREASURER

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                                                                         4(c)(8)

  BANKS:

COMERICA BANK                            NATIONAL CITY BANK OF MINNEAPOLIS

                                         By:   /S/STEVEN R. BERGLUND
By:   /S/SCOTTIE KNIGHT                  Its:  VICE PRESIDENT
Its:  VICE PRESIDENT

LASALLE BANK NATIONAL                    BANK OF AMERICA, N.A.
ASSOCIATION

By:   /S/TERRY M. KEATING                By:   /S/ELIZABETH KURILECZ
Its:  SENIOR VICE PRESIDENT              Its:  MANAGING DIRECTOR

HARRIS TRUST AND SAVINGS BANK            UNION BANK OF CALIFORNIA, N.A.

By:   /S/MICHAEL A. CAMELI               By:   /S/ROBERT C. NAGEL
Its:  VICE PRESIDENT                     Its:  VICE PRESIDENT

                                                              Signature Page For
                                                             CAC Third Amendment

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