Document:

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[COMERICA LOGO] MASTER REVOLVING NOTE
                Variable Rate-Maturity. Date-Optional Advances (Business and
                Commercial Loans Only)
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AMOUNT            NOTE DATE       MATURITY DATE        TAX IDENTIFICATION NUMBER
 $4,000,000.00                     July 31, 2003         38-2995259
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On the Maturity Date, as stated above, for value received, the undersigned
promise(s) to pay to the order of Comerica Bank ("Bank"), at any office of the
Bank in the State of Michigan, **FOUR MILLION and 00/100** Dollars (U.S.) (or
that portion of it advanced by the Bank and not repaid as later provided) with
Interest until maturity, whether by acceleration or otherwise, or until Default,
as later defined, at a per annum rate equal to the Bank's prime rate from time
to time in effect less .50% per annum and after that at a rate equal to the rate
of interest otherwise prevailing under this Note plus 3% per annum (but in no
event in excess of the maximum rate permitted by law). The Bank's "prime rate"
is that annual rate of interest so designated by the Bank and which is changed
by the Bank from time to time. Interest rate changes will be effective for
interest computation purposes as and when the Bank's prime rate changes.
Interest shall be calculated on the basis of a 380-day year for the actual
number of days the principal is outstanding. Accrued interest on this Note shall
be payable on the first day of each month commencing October 1, 2002, until the
Maturity Date (set forth above) when all amounts outstanding under this Note
shall be due and payable in full. If the frequency of interest payments is not
otherwise specified, accrued interest on this Note shall be payable monthly on
the first day of each month. If any payment of principal or interest under this
Note shall be payable on a day other than a day on which the Bank is open for
business, this payment shall be extended to the next succeeding business day and
interest shall be payable at the rate specified in this Note during this
extension. A late payment charge equal to 5% of each late payment may be charged
on any payment not received by the Bank within 10 calendar days after the
payment due date, but acceptance of payment of this charge shall not waive any
Default under this Note.

The principal amount payable under this Note shall be the sum of all advances
made by the Bank to or at the request of the undersigned, less principal
payments actually received in cash by the Bank. The books and records of the
Bank shall be the best evidence of the principal amount and the unpaid interest
amount owing at any time under this Note and shall be conclusive absent manifest
error. No interest shall accrue under this Note until the date of the first
advance made by the Bank; after that interest on all advances shall accrue and
be computed on the principal balance outstanding from time to time under this
Note until the same is paid in full. At no time shall the Bank be under any
obligation to make any advances to the undersigned pursuant to this Note
(notwithstanding anything expressed or implied in this Note or elsewhere to the
contrary, including without limit if the Bank supplies the undersigned with a
borrowing formula) and the Bank, at any time and from time to time, without
notice, and in its sole discretion, may refuse to make advances to the
undersigned without incurring any liability due to this refusal and without
affecting the undersigned's liability under this Note for any and all amounts
advanced.

This Note and any other indebtedness and liabilities of any kind of the
undersigned (or any of them) to the Bank, and any and all modifications,
renewals or extensions of it, whether joint or several, contingent or absolute,
now existing or later arising, and however evidenced (collectively
"Indebtedness") are secured by and the Bank is granted a security interest in
all items deposited in any account of any of the undersigned with the Bank and
by all proceeds of these items (cash or otherwise), all account balances of any
of the undersigned from time to time with the Bank, by all property of any of
the undersigned from time to time in the possession of the Bank and by any other
collateral, rights and properties described in each and every deed of trust,
mortgage, security agreement, pledge, assignment and other security or
collateral agreement which has been, or will at any time(s) later be, executed
by any (or all) of the undersigned to or for the benefit of the Bank
(collectively "Collateral"), Notwithstanding the above, (i) to the extent that
any portion of the indebtedness is a consumer loan, that portion shall not be
secured by any deed of trust or mortgage on or other security interest in any of
the undersigned's principal dwelling or in any of the undersigned's real
property which is not a purchase money security interest as to that portion,
unless expressly provided to the contrary in another place, or (ii) if the
undersigned (or any of them) has (have) given or give(s) Bank a deed of trust or
mortgage covering California real property, that deed of trust or mortgage shall
not secure this Note or any other indebtedness of the undersigned (or any of
them), unless expressly provided to the contrary in another place.

If the undersigned (or any of them) or any guarantor under a guaranty of all or
part of the indebtedness ("guarantor") (i) fail(s) to pay any of the
indebtedness when due, by maturity, acceleration or otherwise, or fail(s) to pay
any indebtedness owing on a demand basis upon demand; or (ii) fail(s) to comply
with any of the terms or provisions of any agreement between the undersigned (or
any of them) or any such guarantor and the Bank; or (iii) become(s) insolvent or
the subject of a voluntary or involuntary proceeding in bankruptcy, or a
reorganization, arrangement or creditor composition proceeding, (if a business
entity) cease(s) doing business as a going concern, (if a natural person) die(s)
or become(s) incompetent, (if a partnership) dissolve(s) or any general partner
of it dies, becomes incompetent or becomes the subject of a bankruptcy
proceeding or (if a corporation or a limited liability company) is the subject
of a dissolution, merger or consolidation; or (a) if any warranty or
representation made by any of the undersigned or any guarantor in connection
with this Note or any of the indebtedness shall be discovered to be untrue or
incomplete; or (b) if there is any termination, notice of termination, or breach
of any guaranty, pledge, collateral assignment or subordination agreement
relating to all or any part of the indebtedness; or (c) if there is any failure
by any of the undersigned or any guarantor to pay when due any of its
indebtedness (other than to the Bank) or in the observance or performance of any
term, covenant or condition in any document evidencing, securing or relating to
such indebtedness; or (d) if the Bank deems itself insecure believing that the
prospect of payment of this Note or any of the indebtedness is impaired or shall
fear deterioration, removal or waste of any of the Collateral; or (e) if there
is filed or issued a levy or writ of attachment or garnishment or other like
judicial process upon the undersigned (or any of them) or any guarantor or any
of the Collateral, including without limit, any accounts of the undersigned (or
any of them) or any guarantor with the Bank, then the Bank, upon the occurrence
of any of these events (each a "Default"), may at its option and without prior
notice to the undersigned (or any of them), declare any or all of the
indebtedness to be immediately due and payable (notwithstanding any provisions
contained in the evidence of it to the contrary), sell or liquidate all or any
portion of the Collateral, set off against the Indebtedness any amounts owing by
the Bank to the undersigned (or any of them), charge interest at the default
rate provided in the document evidencing the relevant indebtedness and exercise
any one or more of the rights and remedies granted to the Bank by any agreement
with the undersigned (or any of them) or given to it under applicable law. All
payments under this Note shall be in immediately available United States funds,
without setoff or counterclaim.

If this Note is signed by two or more parties (whether by all as makers or by
one or more as an accommodation party or otherwise), the obligations and
undertakings under this Note shall be that of all and any two or more jointly
and also of each severally. This Note shall bind the undersigned, and the
undersigned's respective heirs, personal representatives, successors and
assigns.

The undersigned waive(s) presentment, demand, protest, notice of dishonor,
notice of demand or intent to demand, notice of acceleration or intent to
accelerate, and all other notices and agree(s) that no extension or indulgence
to the undersigned (or any of them) or release, substitution or nonenforcement
of any security, or release or substitution of any of the undersigned, any
guarantor or any other party, whether with or without notice, shall affect the
obligations of any of the undersigned. The undersigned waive(s) all defenses or
right to discharge available under Section 3-605 of the Michigan Uniform
Commercial Code and waive(s) all other suretyship defenses or right to
discharge. The undersigned agree(s) that the Bank has the right to sell, assign,
or grant participations or any interest in, any or all of the indebtedness, and
that, in connection with this right, but without limiting its ability to make
other disclosures to the full extent allowable, the Bank may disclose all
documents and information which the Bank now or later has relating to the
undersigned or the Indebtedness. The undersigned agree(s) that the Bank may
provide information relating to this Note or relating to the undersigned to the
Bank's parent, affiliates, subsidiaries and service providers.

The undersigned agree(s) to reimburse the holder or owner of this Note upon
demand for any and all costs and expenses (including without limit, court costs,
legal expenses and reasonable attorney fees, whether inside or outside counsel
is used, whether or not suit is instituted and, if suit is instituted, whether
at the trial court level, appellate level, in a bankruptcy, probate or
administrative proceeding or otherwise) incurred in collecting or attempting to
collect this Note or incurred in any other matter or proceeding relating to this
Note.

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The undersigned acknowledge(s) and agree(s) that there are no contrary
agreements, oral or written, establishing a term of this Note and agree(s) that
the terms and conditions of this Note may not be amended, waived or modified
except in a writing signed by an officer of the Bank expressly stating that the
writing constitutes an amendment, waiver or modification of the terms of this
Note. As used in this Note, the word "undersigned" means, individually and
collectively, each maker, accommodation party, indorser and other party signing
this Note in a similar capacity. If any provision of this Note is unenforceable
in whole or part for any reason, the remaining provisions shall continue to be
effective. THIS NOTE IS MADE IN THE STATE OF MICHIGAN AND SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF MICHIGAN,
WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES.

THE MAXIMUM INTEREST RATE SHALL NOT EXCEED 25% PER ANNUM, OR THE HIGHEST
APPLICABLE USURY CEILING, WHICHEVER IS LESS.

THE UNDERSIGNED AND THE BANK ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A
CONSTITUTIONAL ONE, BUT THAT IT MAY BE WAIVED. EACH PARTY, AFTER CONSULTING (OR
HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR CHOICE, KNOWINGLY
AND VOLUNTARILY, AND FOR THEIR MUTUAL BENEFIT, WAIVES ANY RIGHT TO TRIAL BY JURY
IN THE EVENT OF LITIGATION REGARDING THE PERFORMANCE OR ENFORCEMENT OF, OR IN
ANY WAY RELATED TO, THIS NOTE OR THE INDEBTEDNESS.

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<S><C>

 NORTH BANCORP INC                     By:/s/ William A. Kirsten               Its: Senior Vice President
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    OBLIGOR NAME TYPED/PRINTED            SIGNATURE OF                             TITLE (if applicable)
                                          William A. Kirsten

                                       By:                                     Its:
                                          --------------------------------         ----------------------------------
                                          SIGNATURE OF                             TITLE (if applicable)

                                       By:                                     Its:
                                          --------------------------------         ----------------------------------
                                          SIGNATURE OF                             TITLE (if applicable)

                                       By:                                     Its:
                                          --------------------------------         ----------------------------------
                                          SIGNATURE OF                             TITLE (if applicable)

</TABLE>

    501 W. MAIN STREET, GAYLORD, MI 49735
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STREET ADDRESS                  CITY             STATE          ZIP CODE

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          FOR BANK USE ONLY                           COAR #
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LOAN OFFICER INITIALS       LOAN GROUP NAME       OBLIGOR NAME
    MDM                      MMBIII - E            NORTH BANCORP INC
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LOAN OFFICER ID. NO.   LOAN GROUP NO.    OBLIGOR NO.   NOTE NO.  AMOUNT
   01224                91608            6279844810               $4,000,000.00
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                                                                    Exhibit 10.7

                              AMENDED AND RESTATED
                    EXECUTIVE STOCK OWNERSHIP PLAN AGREEMENT

         THIS AGREEMENT made and entered into this _____ day of March, 2003, as
an amendment and restatement of Agreement dated March 28, 2002, by and between:

                          CITIZENS FIRST BANCORP, INC.,
                             a Delaware corporation,

                                              "Company",
----------------------------------------------

                  and

                  MARSHALL J. CAMPBELL,
                  --------------------
                                                    "Campbell".

                          W I T N E S S E T H  T H A T:

         WHEREAS, Company and its wholly owned subsidiary, Citizens First
Savings Bank, "Bank," believe that it is in Company's best interest to align the
financial interests of all employees of Company and Bank, including Campbell,
with the financial interests of Company's shareholders;

         WHEREAS, Campbell has been excluded as a participant under Bank's
Employee Stock Ownership Plan (the "ESOP"), thereby increasing the number of
Company shares to be allocated annually among the other employees of Company and
Bank;

         WHEREAS, Company wishes to provide to Campbell the stock benefits he
would have received under the ESOP, and to do so without the limitations on the
amount of Campbell's compensation that may be taken into account;

         NOW THEREFORE it is hereby agreed that:

         1. Establishment of Account. Company shall establish a bookkeeping

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account in the name of Campbell (the "Account") to which it shall credit
deferred compensation units ("Units") on the terms and conditions set forth
herein.

         2. Number of Units; Timing of Crediting of Units.

         (a) The number of Units to be credited to the Account shall be the
         number of common shares of Company that would have been allocated to
         Campbell under the Citizens First Savings Bank Employee Stock Ownership
         Plan (the "ESOP") if he were a participant thereof commencing as of
         March 7, 2001, rounded to the nearest whole number of shares; provided
         that in computing the number of shares which would have been allocated
         under the ESOP (1) the limitations on Annual Additions and the
         limitations of Code Section 401(a)(17) shall be disregarded; and (2)
         "Compensation" shall mean Campbell's wages for the applicable year from
         Company and Bank within the meaning of Internal Revenue Code ("Code")
         Section 3401(a) (for purposes of income tax withholding at the source)
         but determined without regard to any rules that limit the remuneration
         included in wages based on the nature or location of the employment or
         the services performed, plus all amounts which are contributed by
         Campbell pursuant to a salary reduction agreement which are not
         includable in the gross income of Campbell under Code Section 125,
         132(F)(4), and 402(e)(3), plus all amounts electively deferred by
         Campbell under all non-qualified plans maintained by Company and/or
         Bank.

         (b) Company shall credit to the Account the number of Units determined
         pursuant to subsection (a) above (the "Yearly Credited Units") at the
         later of (i) March 31 of each year with regard to the prior year ended
         December 31, or (ii) ten days after the date the allocation report for
         participants under the ESOP is delivered to the ESOP Trustee with
         regard to such prior year (the later of (i) or (ii) will be referred to
         herein as the "Yearly Credit Date").

         3. Adjustments to Account; Dividends. During the term of this Agreement
the number of Units credited to the Account shall be adjusted to reflect stock
splits (if any) or other changes in the capital structure of Company, so that
the number of Units credited to the Account is equal to the number of common
shares of Company a participant in the ESOP would have allocated to his ESOP
account at any time, assuming the same number of shares had been allocated to
his ESOP account. In the event dividends are declared on the common shares of
Company, additional Units shall be credited to the Account, on the same date as
dividends are paid in cash to Company's other stockholders, equal to the amount
of the dividend per share times the number of Units credited to the Account on
the dividend payment date divided by the

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closing price of the common shares on the public exchange on which the shares
primarily trade (currently NASDAQ) as of the dividend payment date; provided
that additional Units shall also be credited to the Account on each Yearly
Credit Date to reflect dividends attributable to the Yearly Credited Units in
accordance with the foregoing formula for all dividends paid by Company after
the December 31 immediately preceding such Yearly Credit Date and on or before
such Yearly Credit Date.

         4. Vesting. One hundred percent of the Account shall be vested and
non-forfeitable on the occurrence of any of the following dates or events:

            a)  January 31, 2007;

            b)  Campbell's death;

            c)  Campbell's Disability;

            d)  In the event of a "Change in Control" as defined in Employment
                Agreement dated February 1, 2002 between Campbell and Company.

As used herein Disability means a determination by, evidenced by written
documentation from, a licensed medical doctor or doctor of osteopathy selected
by Company's Compensation Committee, of Campbell's inability to perform the
normal functions of his position.

         5. Terminating Events. The following events are "Terminating Events":

            a)  Campbell's death.

            b)  Campbell's retirement.

            c)  Campbell's termination of employment with Company or Bank.

            d)  Termination of this Agreement by action of Company's Board of
                Directors on or after the date Campbell's interest in this
                Agreement becomes completely vested pursuant to Paragraph 4.

         6. Maximum Shares of Common Stock Subject to Plan. The maximum number
of shares of Common Stock which may be credited under the Plan shall be 30,000
shares in the aggregate of common stock of Company. If Units are forfeited or
cancelled, the number

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of shares of Common stock underlying any such Units shall again become available
for credit of Units under the Plan, unless the Plan shall have been terminated.

         7. Payment of Benefits. Subject to the remainder of this Section 7, the
Company agrees to distribute to Campbell the number of common shares of the
Company stock equal to the number of Units credited to the Account and vested
pursuant to Paragraph 4 as of the date of a Terminating Event. Subject to the
remainder of this Section 7, distribution shall be made sixty days after the
Terminating Event. Notwithstanding the foregoing, unless and until this
Agreement is approved by Company's stockholders, in no event will any common
shares be distributed to Campbell pursuant to this Agreement if, and to the
extent that, the sum of (A) the total number of common shares previously
distributed to Campbell pursuant to this Agreement plus (B) the total number of
common shares previously distributed to directors and officers of the Company
under any other stock option, purchase plan or other arrangement that has not
been approved by Company's stockholders (except broadly based plans or
arrangements including other employees) exceeds 25,000 common shares.

         8. Beneficiary. Campbell may designate one or more beneficiaries to
whom distributions otherwise due shall be made in the event of his death.
Campbell shall have the right to change the designated beneficiary(ies) from
time to time; provided, however that any change shall not become effective until
received in writing by Company.

         9. Successors. This Agreement shall be binding on the Company's assigns
and successors.

         10. Non-Alienation. No right or benefit under this Agreement shall be
subject to anticipation, alienation, sale, assignment, pledge, encumbrance, or
charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber,
or charge the same shall be void. No right or benefit hereunder shall in any
manner be subject to the debts, contracts, liabilities or torts of the parties.
If Campbell should become bankrupt or attempt to anticipate, alienate, sell,
assign, pledge, encumber or charge any right or benefit hereunder, then such
right or benefit shall, in the discretion of Company, cease, and in such event,
Company may hold or apply the same or any

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part thereof for the benefit of Campbell or his beneficiary, spouse or children,
in such manner and in such a proportion as Company may deem proper.

         11. Limitations. Nothing in this Agreement shall be construed

                to:

            a)  Grant Campbell any rights whatsoever with respect to shares of
                common stock of Bank or Company;

            b)  Limit in any way the right of Company or Bank to terminate
                Campbell's employment with Company or Bank at any time; or

            c)  Be evidence of any agreement or understanding, express or
                implied, that Company or Bank will employ Campbell in any
                particular position or at any particular rate of remuneration or
                for any particular period of time.

         12. Funding of Payment Obligation. The obligation of Company to make
payments pursuant to this Agreement shall constitute an unsecured obligation of
Company. Company may establish a bookkeeping reserve or any other funding medium
(including obtaining one or more insurance policies) to cover its obligation to
make payments and distributions contemplated under this Agreement, but amounts
designated in such bookkeeping reserve or contained in any such funding medium
as are established, shall remain solely those of Company and shall be subject to
the claims of the creditors of Company until actually paid pursuant to the terms
hereof. If Company chooses to obtain one or more insurance policies to fund its
payment obligation hereunder, Campbell will cooperate in furnishing such
information and/or submitting to such physical examinations as may be necessary
to obtain such insurance.

         13. Rights as a Shareholder. Campbell will not have any rights of a
Company shareholder with respect to the Units in the Account (although Campbell
will have the right to receive dividend equivalents as provided in Section 3
above). In order to fund its obligations under this Agreement, Company may issue
Common Stock in the name of the trustee of any grantor trust maintained or
established by Company for this purpose (any such trust(s) together, the
"Trust"). Other than dividend rights, the trustee will have all of the rights of
a Company

                                       5

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shareholder, including voting rights. Any Common Stock deposited in such Trust
will be subject to Company's general creditors, including, without limitation,
if Company becomes insolvent or has a receiver or a trustee appointed for its
assets or becomes involved in a bankruptcy or similar proceeding. Any such Trust
and any assets held in such Trust will conform to the terms of the model trust,
as described in Rev. Proc. 92-64.

         14. Governing Law. This Agreement shall be construed in accordance with
and governed by the laws of the State of Michigan applicable to agreements made
and to be performed therein.

         15. Severability. In the event any provision of this Agreement shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions hereof shall not in any way be affected or impaired
thereby.

         16. Amendment. Subject to any limitations under securities laws or the
rules, regulations and guidelines of Nasdaq or any exchange on which Company's
Common Stock is traded, the Plan may be amended by the mutual written agreement
of Company and Campbell.

         IN WITNESS WHEREOF, the parties hereby have executed this Amended and
Restated Executive Stock Ownership Plan Agreement as of the day and year first
above written.

                                                    CITIZENS FIRST BANCORP, INC.

                                                    By_________________________

                                                    Its______________________

                                                    ___________________________
                                                    Marshall J. Campbell

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