Document:

EX-10.1.3

Exhibit 10.1.3

[RPM Letterhead]

June 1, 2005

Mr. Thomas C. Sullivan

Chairman of the Board

RPM International Inc.

P. O. Box 777

Medina, OH 44258

RE: Extension to Post-Retirement Consulting Agreement

Dear Tom:

As you are well aware, on April 12, 2002, in connection with your planned retirement as an
executive officer and employee of RPM International Inc. (“RPM” or the “Company”), you entered into
a Succession and Post-Retirement Consulting Agreement (the “Consulting Agreement”) with RPM. The
Consulting Agreement provided that for the twenty-nine (29) month period immediately following your
retirement as an employee of RPM (January 1, 2003 through May 31, 2005, the “Initial Consulting
Period”), you would assist in the smooth and orderly transition of responsibilities within RPM’s
executive management team by, among other things, utilizing your industry experience and business
relationships to assist in corporate development related activities including identifying
acquisition opportunities, as may be requested from time-to-time by the Company.

Whereas the Consulting Agreement has expired and the Compensation Committee has recognized that
your recent services to the Company in the corporate development area, particularly your work in
identifying and introducing to the Company possible merger and acquisition candidates and assisting
in the consummation of such transactions, have been very beneficial to the Company’s success.
Therefore, since the Committee further recognizes that retaining your continued services as a
consultant brings meaningful value to the Company and its stockholders, the Company would like to
extend the consulting period for an additional two year period from June 1, 2005 to May 31, 2007
(the “Extension Period”). Given the material benefits to RPM, the Company has agreed to the
following compensation and benefits and structure for the Extension Period:

	 	1.	 	No Employment Relationship — As you are aware, you have not been an employee of the
Company since the date of your retirement on January 1, 2003. Accordingly, you are not
entitled to participate in the Company’s Benefit Plans, except as required by law, the terms
of the Benefit Plans, or as provided for during the Extension Period (see below).

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	 	2.	 	Consulting Services – During the twenty-four (24) month Extension Period, the Company
will pay you a gross amount of $42,000 per month for your services as consultant.
Specifically, you agree to continue to utilize your industry experience and business
relationships to assist in corporate development related activities including identifying
acquisition opportunities, as may be requested from time-to-time by the Company. You also
acknowledge that from time-to-time you will be required to travel internationally in
connection with the performance of your consulting services. In addition, during the
Extension Period, you will also be entitled to the following benefits at the Company’s sole
cost and expense:

a. Use of reasonable off-site office space;

b. Use of a part-time administrative assistant;

c. Continued use of your current company car;

	 	d.	 	Continued coverage under the Company’s Health Insurance Plan for you and your eligible
dependent;

	 	e.	 	Continued payment of the standard monthly membership dues during the Extension Period
for one country club, and the membership dues for The Union Club; and

f. Continuation of financial planning services, as currently provided.

The Company believes the arrangements described above provide RPM and its management team with
continued access to your unique knowledge, insights, experience and industry relationships. This
letter constitutes the entire agreement concerning this subject matter and supersedes all prior and
contemporaneous agreements, if any.

	 	 	 
	Sincerely yours, RPM International Inc.

	 
	 	 
	/s/ Ronald A. Rice

Ronald A. Rice

	 	

	 
	 	 
	Senior Vice President – Administration

	 
	 	 
	cc:

	 	Compensation Committee

Frank C. Sullivan

	 	P.	 	Kelly Tompkins

I HAVE READ, UNDERSTAND AND ACCEPT ALL OF THE TERMS AND CONDITIONS AS SET FORTH IN THIS LETTER
AGREEMENT.

	 	 	 
	/s/ Thomas C. Sullivan

	 	06/08/05
	 

	 	 
	(Signature)

/s/ Dorothy Dudas

	 	Date

06/08/05
	 

	 	 
	(Witness)

	 	Date
	 
	 	 

2EX-10.1

SUPPLEMENTAL EXECUTIVE RETIREMENT BENEFIT AGREEMENT

THIS SUPPLEMENTAL EXECUTIVE BENEFIT AGREEMENT is made and entered into as of June 23,
2005 by and between Escalon Medical Corp. (the “Company”) and Richard J. DePiano (the “Employee”).

W I T N E S S E T H:

WHEREAS, the Employee is employed by the Company as its Chief Executive Officer and, as
such, is making a significant contribution to the Company’s business, operations and financial
performance; and

WHEREAS, the Company desires to continue to retain the Employee’s services and to
provide a financial incentive for the Employee to continue employment and to continue making
significant contributions to the success of the Company;

WHEREAS, Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as
amended (the “Code”), enacted by the American Jobs Creation Act of 2004 (the “2004 Act”), sets
forth numerous requirements that nonqualified deferred compensation plans are required to meet.
Section 409A has an effective date of January 1, 2005. This Agreement is being written in an
attempt to comply with the 2004 Act and IRS Notice 2005-1 issued pursuant to Section 409A. At this
time, the Internal Revenue Service is required by Congress to issue guidance regarding numerous
provisions of Section 409A of the Code. Therefore, it is both anticipated and expected that the
terms and provisions of this Agreement may need to be amended to comply with the 2004 Act, and the
Company and the Employee acknowledge that fact and agree to take any and all steps necessary to
amend the Agreement and comply with the 2004 Act. It is the Company’s intention to comply with
Section 409A of the Code and IRS Notice 2005-1, and, therefore, this Agreement shall be construed
in “good faith” to comply with such, and such Code Section and IRS Notice shall control;

WHEREAS, the Agreement is intended to be a nonqualified “top-hat” plan; that is, an
unfunded plan of deferred compensation maintained for a select management employee pursuant to
Sections 201(2), 301(a)(3), and 401(a)(1) of the Employee Retirement Income Security Act of 1974,
as amended (“ERISA”), and an unfunded plan of deferred compensation under the Code.

NOW, THEREFORE, for and in consideration of the premises hereof and the mutual
promises and agreements contained herein, and intending to be legally bound hereby, the Company and
the Employee agree as follows:

1. Continuation of Employment. The Employee shall continue his employment with the Company on
the same terms and conditions as before this Agreement. This is not a contract of employment and
shall not be construed to modify Employee’s employment relationship with the Company or provide any
other benefits related to employment, except as specifically provided for herein. The parties
acknowledge and agree that the Employment Agreement dated as of May 12, 1998 (the “Employment
Agreement”) between the Company and the Employee shall not be deemed to be modified or otherwise
affected by this Agreement.

2. Benefits. The Company agrees to pay the following benefits to the Employee as deferred
compensation pursuant to this Agreement:

(a) Retirement from Employment by the Company at or After Age 65. If the Employee retires
from employment with the Company on or after his 65th birthday, in addition to any other retirement
benefits to which Employee may be entitled whether from the Company or otherwise, each month the
Company shall pay to the Employee a monthly supplemental retirement income payment of $8,000 per
month (each a “Supplemental Monthly Payment”). The Supplemental Monthly Payments shall commence on
the first day of the first calendar month after the effective date of the Employee’s retirement and
shall continue on the first day of each calendar month thereafter for the remainder of the
Employee’s life.

(b) Death After Retirement. Notwithstanding anything to the contrary set forth in this
Agreement, if the Employee retires from employment with the Company on or after his 65th birthday
and dies before at least 36 Supplemental Monthly Payments are paid hereunder, the Company shall
continue to make Supplemental Monthly Payments on a monthly basis to the Employee’s beneficiary,
determined as provided in Section 2(g) hereof (the “Beneficiary”), until a total of 36 Supplemental
Monthly Payments have been made hereunder.

(c) Disability Before Retirement and While Employed by the Company. If the Employee’s
employment with the Company terminates because the Employee suffers a Disability (the term
“Disability” shall have such meaning or meanings as are permitted or required under Section 409A)
while employed by the Company, in addition to any other disability benefits to which the Employee
may be entitled, whether from the Company or otherwise, the Company shall pay Supplemental Monthly
Payments to the Employee monthly commencing on the first day of the first calendar month after the
date on which the Employee suffers a Disability and continuing for the remainder of the Employee’s
life. Notwithstanding anything to the contrary set forth in this Agreement, if the Employee
suffers a Disability while employed by the Company and before the Employee retires from employment
at or after age 65 and dies before at least 36 Supplemental Monthly Payments are paid hereunder,
the Company shall continue to make Supplemental Monthly Payments on a monthly basis to the
Beneficiary until a total of 36 Supplemental Monthly Payments have been made hereunder.

(d) Death Before Retirement and While Employed by the Company. If the Employee dies while
employed by the Company, in addition to any other death benefits to which the Employee or the
Beneficiary may be entitled, whether from the Company or otherwise, the Company shall pay
Supplemental Monthly Payments to the Beneficiary monthly for 36 months commencing on the first day
of the first calendar month after the date on which the Employee dies.

(e) Termination of Employment by the Company – Deferred Vested Benefit Payable upon Attainment
of Age 65. If the employment of the Employee is terminated by the Company for any reason prior to
the Employee’s attaining age 65 then, upon attaining age 65, the Employee shall be entitled to
receive from the Company vested Supplemental Monthly Payments for the remainder of his life,
payable monthly as provided in Section 2(a) hereof. Notwithstanding anything to the contrary set
forth in this Agreement, if the employment of the Employee is terminated by the Company for any
reason prior to the Employee’s attaining age 65, the Company shall be obligated hereunder to make a
minimum of 36 Supplemental Monthly Payments hereunder. If the Employee dies before receiving this
minimum number of Supplemental Monthly Payments, the remaining payments shall be made monthly to
the Beneficiary. No benefits shall be payable under this Section 2(e) if the Employee voluntarily
terminates his employment other than for Good Reason within the meaning of Section 2(f) hereof. As
used in this Agreement, the term “Change of Control” shall mean the occurrence of a “Change of
Control” as permitted or required under Section 409A of the Code.

(f) Termination of Employment by the Employee for Good Reason – Deferred Vested Benefit
Payable upon Attainment of Age 65. If the Employee terminates his employment with the Company for
Good Reason (as defined below) prior to the Employee’s attaining age 65, then, upon attaining age
65, the Employee shall be entitled to receive from the Company vested Supplemental Monthly Payments
for the remainder of his life, payable monthly as provided in Section 2(a) hereof. Notwithstanding
anything to the contrary set forth in this Agreement, if the Employee terminates his employment for
Good Reason prior to the Employee’s attaining age 65, the Company shall be obligated hereunder to
make a minimum of 36 Supplement Monthly Payments. If the Employee dies before receiving this
minimum number of Supplemental Monthly Payments, the remaining payments shall be made monthly to
the Beneficiary. As used in this Agreement, “Good Reason” shall mean the occurrence of any of the
following: (a) the assignment to the Employee of duties and responsibilities inconsistent with the
Employee’s status as CEO of the Company; (b) a reduction in salary or significant reduction in
benefits; or (c) a reassignment of the Employee by the Board of Directors of the Company (the
“Board”) to a location that is more than 100 miles from the Company’s principal executive office on
the date of this Agreement.

(g) Beneficiary. The “Beneficiary” referred to in this Agreement shall be such person(s) as
shall be designated by the Employee in writing in a form similar to that attached to this Agreement
as Exhibit A. In the event the Employee dies without having a beneficiary designation in effect or
in the event no designated Beneficiary survives, all amounts payable under this Agreement upon the
death of the Employee shall be paid to the legal representative of the probate estate of such
deceased Employee, who shall thereupon be deemed the Beneficiary for purposes of this Agreement.

3. Life Insurance. If the Company decides to purchase insurance on the Employee’s life as key
person life insurance, or for any other business purpose, the Employee agrees to cooperate fully in
completing the appropriate forms and providing information, including but not limited to medical
testing, as may be required to obtain such coverage. The Employee’s cooperation in securing such
coverage shall not be construed as giving the Employee, any beneficiary or any other person rights
in or to the policy or policies. Notwithstanding any other provisions of this Agreement to the
contrary, if the Company is a named beneficiary of any such life insurance policy, and if the
issuer of such policy denies payment of death benefits under such policy due to misrepresentation
or other act or deed by the Employee, then the Company shall be excused from, and shall not have
any liability for, any obligation it otherwise might have under this Agreement to pay the
Supplemental Monthly Payments.

4. Unfunded Status of Plan.

(a) It is the intention of the Company and the Employee that this Agreement be unfunded for
tax purposes and for purposes of Title I of ERISA. Benefits under this Agreement shall be paid out
of the general assets of the Company. However, the Company may establish a grantor trust (the
“Trust”) within the meaning of Section 671 of the Code, to which the Company may make contributions
to the trustee of the Trust (the “Trustee”) in order to provide for the payment of benefits under
this Agreement. Such contributions may consist of cash, annuity contracts, insurance policies or
other property acceptable to the Trustee.

(b) The Trustee shall be responsible for the investment of all Trust assets; however, the
Trustee may follow any investment directions or guidelines given the Trustee by the Company.
Notwithstanding the foregoing, Trust assets shall be treated as assets of the Company and shall
remain, in the event of the Company’s Insolvency, subject to the Company’s creditors. Moreover,
neither the Employee nor the Beneficiary shall have any property interest whatsoever in any
specific assets of the Trust or of the Company. The Employee and the Beneficiary shall have only
the rights of a general, unsecured creditor against the Company for any distributions due under
this Agreement, and this Agreement shall constitute a mere promise by the Company to make benefit
payments in the future. To the extent that the assets of the Trust are insufficient to pay when
due any benefits that are payable under this Agreement, such benefits may, at the direction of the
Board, be paid out of other general assets of the Company.

(c) Notwithstanding anything in this Agreement to the contrary, in the event of a Change in
Control, the Company shall, no later than 30 days after such Change in Control, fully fund the
Trust with a lump-sum payment that is sufficient to cause the assets of the Trust to be equal to
the actuarial equivalent of the Supplemental Monthly Payments that would be paid to the Employee
over his life expectancy, but in no event fewer than 36 Supplemental Monthly Payments. This
lump-sum payment shall be calculated by an Enrolled Actuary who shall be selected by the Employee.

5. No Assignment. Neither Employee nor the Beneficiary has any right to anticipate, transfer,
pledge, convey, encumber or dispose of the right to receive payments under this Agreement, and
those payments and the right to them are expressly declared to be nonassignable, nontransferrable
and not subject to seizure for the payment of any debt or judgment against the Employee or the
Beneficiary hereunder. None of the benefits under this Agreement are transferable by operation of
law if the Employee becomes insolvent or bankrupt. In the event of any attempted assignment or
transfer of Employee’s (or the Beneficiary’s) rights under this Agreement, the Company shall have
no further obligation or liability under this Agreement.

6. Incapacity of Payee. If the Board, acting in good faith, shall determine that any person
to whom any payment is payable under this Agreement is unable to care for his or her affairs
because of illness, accident or other mental or physical disability, or is a minor, any payment due
(unless a prior claim therefor shall have been made by a duly appointed guardian, committee or
other legal representative) may be paid to the spouse, a child, parent, brother or sister of said
payee, or applied directly for the payee’s benefit, without intervention of a guardian, or to any
person deemed by the Board to have incurred expense for the payee hereunder. Any such payment
shall be a complete discharge of the Company’s obligations under this Agreement.

7. Board’s Powers and Liabilities. The Board shall have full power and authority to interpret
and administer this Agreement. The Board’s interpretation of any provision or action taken under
this Agreement, or the amount or recipient of any payment hereunder, shall be binding and
conclusive on all persons for all purposes. No member of the Board shall be liable to any person
for any action taken or omitted in connection with the interpretation and administration of this
Agreement unless attributable to the member’s willful misconduct or bad faith.

8. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the
Company, its successors and assigns, and the Employee, his heirs, executors and personal
representatives. The Company shall require any successor (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to all or substantially all of the business or assets of the
Company to expressly assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession had taken place.
This Agreement, and the rights of the Employee hereunder, may not be assigned by the Employee
except to the extent expressly set forth herein.

9. Entire Agreement; Amendments. This Agreement is the complete agreement of the parties
hereto and supersedes all agreements previously made between the parties hereto relating to the
subject matter hereof; provided, however, that this Agreement shall be in addition to and shall not
supersede any provisions of the Employment Agreement. No modification or amendment of this
Agreement will be valid unless in writing and signed by the parties hereto.

10. Notice. Any notice required to be given hereunder shall be in writing and shall be
effective when delivered personally, or when sent by certified mail, postage prepaid, or by
overnight courier addressed as follows:

If to the Company:

Escalon Medical Corp.

Suite 200

565 East Swedesford Road

Wayne, PA 19087

Attention: Compensation Committee Chair

If to the Employee:

Richard J. DePiano

7 Brettagne

500 Berwyn-Baptist Road

Devon, PA 19333

11. Headings. The headings used in this Agreement are for convenience of reference and shall
not be construed to be a part of this Agreement.

12. Governing Law. This Agreement was made and entered into in the Commonwealth of
Pennsylvania and it shall be construed in accordance with and governed by the substantive laws of
Pennsylvania.

13. Counterparts. This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original but all of which together shall constitute one and the same instrument.

14. Section 409A Compliance15. . This Agreement is intended to comply with the requirements
of Section 409A, and the regulations issued thereunder. To the extent of any inconsistencies with
the requirements of Section 409A, this Agreement shall be interpreted and amended in order to meet
such Section 409A requirements. Notwithstanding anything contained in this Agreement or in any
amendments hereto to the contrary, it is the intent of the parties to have this Agreement
interpreted and construed to comply with any and all provisions Section 409A, including any
subsequent amendments, rulings or interpretations from appropriate governmental agencies.

1

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its
behalf by duly authorized individuals, and the Employee has hereunto set his hand, as of the day
and year first above written.

ESCALON MEDICAL CORP.

ATTEST:

	 	 	 
	/s/

	 	By: Anthony Coppola /s/
	 

	 	 
	Secretary

	 	

Title: Chairman of Compensation Committee
	 
	 	 
	
 
	 	/s/
	
 
	 	 
	
 
	 	Richard J. DePiano

PH1\1449393.5

2

EXHIBIT A

BENEFICIARY DESIGNATION

I, Richard J. DePiano, intending to revoke any and all prior beneficiary designations
that I may have made, hereby make the following designation of beneficiary, in the order named, to
receive any benefit payable upon my death under the provisions of the Supplemental Executive
Retirement Benefit Agreement dated as of June 23, 2005 between me and Escalon Medical Corp.:

A. PRIMARY BENEFICIARY/IES:

(Name) (Relationship)

(Address) (City) (State)

B. CONTINGENT BENEFICIARY/IES:

1.

2.

3.

I reserve the right to change this designation of beneficiary at any time or from time to
time by delivery of a new written designation to the Company.

(NOTE: If more than one primary or contingent beneficiary is designated, the
benefit shall be equally divided between or among the beneficiaries surviving my death, unless
otherwise specified on this form. If the designated primary and contingent beneficiaries shall not
survive my death, the benefit shall be paid to the legal representative of my probate estate in
accordance with the provisions of Section 2(g) of the Agreement.)

Date:

Richard J. DePiano

3

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