Document:

EX-10.1

Exhibit 10.1

NEITHER THE ISSUANCE AND SALE OF THIS NOTE NOR THE SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES
LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE
OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933 OR
(B) AN OPINION OF COUNSEL, IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER
SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144, RULE 144A OR OTHER EXEMPTION UNDER SAID ACT.

THE TRANSFER OF THE SECURITIES REPRESENTED HEREBY IS PROHIBITED EXCEPT IN ACCORDANCE WITH THE
SECURITIES ACT OF 1933, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION.

VIASPACE INC.

SENIOR SECURED CONVERTIBLE PROMISSORY NOTE

$20,000.00 November 27, 2012

FOR VALUE RECEIVED, VIASPACE INC., a Nevada corporation (“Company”), promises to pay to Kevin
Schewe (“Holder”), or its registered assigns, in lawful money of the United States of America the
principal sum of TWENTY THOUSAND Dollars ($20,000.00), or such other amount as shall equal the
outstanding principal amount hereof, together with interest from the date of this Note on the
unpaid principal balance at a rate equal to six percent (6.0%) per annum, computed on the basis of
the actual number of days elapsed and a year of 365 days. Unless converted into Common Stock of
Company as set forth in Section 3 and/or Section 8 below, all unpaid principal, together with any
then unpaid and accrued interest, shall be due and payable on the earlier of (i) November 27, 2014
(the “Maturity Date”), (ii) upon prepayment of all amounts due and payable under this Note in
accordance with the terms hereof, or (iii) when, upon or after the occurrence of an Event of
Default (as defined below), such amounts are declared due and payable by Holder or made
automatically due and payable in accordance with the terms hereof. Immediately prior to the
issuance of this Note by Company, Holder acknowledges that it has delivered to Company the sum of
TWENTY THOUSAND Dollars ($20,000.00) reflecting the principal amount under this Note.

This Note is one of a series of notes (the “Notes”) having like tenor and effect (except for
variations necessary to express the name of the holder, the principal amount of each of the Notes
and the date on which each Note is funded) in an aggregate principal amount of up to $1,000,000
issued or to be issued by Company on or about the period from September 2012 to August 2017 (or
such other period as agreed upon by the Company and the Holder) pursuant to the terms of a Loan
Agreement, dated as of September 30, 2012, by and between Company and the Holder (or his designees)
of the Notes (the “Loan Agreement”). The Notes shall rank equally without preference or priority
of any kind over one another, and all payments on account of principal and interest with respect to
any of the Notes shall be applied ratably and proportionately on the outstanding Notes on the basis
of the principal amount of the outstanding indebtedness represented thereby.

The following is a statement of the rights of Holder and the conditions to which this Note is
subject, and to which Company by issuance of this Note, and Holder by the acceptance of this Note,
agree:

1. Definitions. As used in this Note, the following capitalized terms have the
following meanings:

(a) “Common Stock” shall mean the Company’s Common Stock, par value $0.001.

(b) “Collateral” has the meaning given in Section 4 hereof.

(c) “Company” includes the corporation initially executing this Note and any Person which
shall succeed to or assume the obligations of Company under this Note.

(d) “Conversion Notice” has the meaning given in Section 8(e) hereof.

(e) “Conversion Period” shall mean the period from the date of the Note and ending on the
Maturity Date.

(f) “Conversion Price” has the meaning given in Section 8(b) hereof

(g) “Event of Default” has the meaning given in Section 6 hereof.

(h) “Holder” shall mean the Person specified in the introductory paragraph of this Note or any
Person who shall at the time be the registered holder of this Note. “Holders” shall mean the
Persons collectively specified in the introductory paragraph of this Note and the other Notes or
any Persons who shall at the time be the registered holders of this Note and the other Notes.

(i) “Majority Holders” shall mean Holders holding a majority of the aggregate principal amount
of the Notes then outstanding.

(j) “Note” shall mean this Senior Secured Convertible Promissory Note.

(k) “Obligations” shall mean and include all loans, advances, debts, liabilities and
obligations owed by Company to Holder of every kind and description, now existing or hereafter
arising under or pursuant to the terms of this Note including, all interest, fees, charges,
expenses, attorneys’ fees and costs and accountants’ fees and costs chargeable to and payable by
Company hereunder.

(l) “Person” shall mean and include an individual, a partnership, a corporation (including a
business trust), a joint stock company, a limited liability company, an unincorporated association,
a joint venture or other entity or a governmental authority.

(m) “Prepayment Amount” has the meaning given in Section 3 hereof

(n) “Prepayment Notice” has the meaning given in Section 3 hereof.

(o) “Sale Transaction” shall mean a transaction or series of related transactions involving
(i) the consolidation or merger of Company with another Person, (ii) a sale of all or substantially
all of the assets of Company, (iii) a purchase, tender or exchange offer that is accepted by the
holders of more than the 50% of the outstanding shares of capital stock of Company, (iv) the
consummation of a stock purchase agreement or other business combination with another Person
whereby such other Person acquires more than the 50% of the outstanding capital stock of Company.

(p) “Securities Act” has the meaning given in Section 5(b) hereof.

(q) “Loan Agreement” has the meaning in the second introductory paragraph of this Note.

(r) “Successor Entity” has the meaning given in Section 10 hereof.

Capitalized term not otherwise defined shall have the meaning set forth in the Loan Agreement.

2. Interest. Unless converted into Common Stock of Company as set forth in Section 8
below, or unless prepaid or converted as set forth in Section 3 below, accrued interest on this
Note shall be payable on the Maturity Date.

3. Prepayment. During the Conversion Period, Company may, at any time and from time
to time, prepay all or any portion of the principal due under this Note, together with accrued
interest, without penalty. Company shall effect such prepayment by providing Holder twenty (20)
days written notice prior to the date of such prepayment (such notice, a “Prepayment Notice”)
indicating the amount of principal and accrued interest Company desires to prepay (the “Prepayment
Amount”). Notwithstanding the foregoing, Holder shall have 10 days following receipt of such
Prepayment Notice to notify Company in writing of its election to convert the Prepayment Amount
into shares of Common Stock, in which case such Prepayment Amount shall be converted into shares of
Common Stock in accordance with the conversion procedures set forth in Section 8(e) hereof
(provided that, with respect to conversions effected pursuant to this Section 3, any references to
the Conversion Amount in Section 8(e) shall refer to the Prepayment Amount). Should Holder elect
to convert the Prepayment Amount into shares of Common Stock, the number of shares of Common Stock
into which such Prepayment Amount will be converted shall be determined by dividing the Prepayment
Amount by the then applicable Conversion Price.

4. Security Interest. As security for the payment and performance of the Obligations
under this Note and the other Notes, Company hereby grants to the holder of this Note and of the
other Notes a first lien security interest in all of Company’s right, title and interest in, to and
under all of its personal property, wherever located and whether now existing or owned or hereafter
acquired or arising, including all accounts, chattel paper, commercial tort claims, deposit
accounts, documents, equipment (including all fixtures), general intangibles, intellectual property
(including all patents and patent applications, all copyrights and applications for copyright, all
state (including common law), federal and foreign trademarks, service marks and trade names, and
applications for registration of such trademarks, service marks and trade names, and all trade
secrets), instruments, inventory, investment property, letter-of-credit rights, money and all
products, proceeds and supporting obligations of any and all of the foregoing (collectively, the
“Collateral”). Notwithstanding the foregoing, the security interest granted herein shall not
extend to any property, rights or licenses to the extent the granting of a security interest
therein would be contrary to applicable law.

5. Representations and Warranties of Holder. Holder represents and warrants to Company
as follows:

(a) Binding Obligation. Holder has full legal capacity, power and authority to execute
and deliver this Note and to perform his obligations hereunder. This Note is a valid and binding
obligation of Holder, enforceable in accordance with its terms, except as limited by bankruptcy,
insolvency or other laws of general application relating to or affecting the enforcement of
creditors’ rights generally and general principles of equity.

(b) Securities Law Compliance. Holder has been advised that this Note has not been
registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state
securities laws and, therefore, cannot be resold unless they are registered under the Securities
Act and applicable state securities laws or unless an exemption from such registration requirements
is available. Holder is aware that Company is under no obligation to effect any such registration
with respect to this Note, or the Common Stock issuable or issued pursuant to the conversion of
this Note, or to file for or comply with any exemption from registration. Holder has not been
formed solely for the purpose of making this investment and is purchasing this Note for its own
account for investment, not as a nominee or agent, and not with a view to, or for resale in
connection with, the distribution thereof. Holder has such knowledge and experience in financial
and business matters that Holder is capable of evaluating the merits and risks of such investment,
is able to incur a complete loss of such investment and is able to bear the economic risk of such
investment for an indefinite period of time.

(c) Accredited Investor. Holder is an “accredited investor” within the meaning of SEC
Rule 501 of Regulation D of the Securities Act, as presently in effect.

(d) Restricted Securities. Holder understands that this Note is a “restricted
security” under the federal securities laws inasmuch as it is being acquired from Company in a
transaction not involving a public offering and that under such laws and applicable regulations
such Note may be resold without registration under the Securities Act only in certain limited
circumstances. In the absence of an effective registration statement covering the Note or an
available exemption from registration under the Securities Act, the Note must be held indefinitely.
Holder represents that it is familiar with SEC Rule 144, and understands the resale limitations
imposed thereby and by the Securities Act.

(e) Access to Information. Holder acknowledges that Company has given Holder access
to the corporate records and accounts of Company and to all information in its possession relating
to Company, has made its officers and representatives available for interview by Holder, and has
furnished Holder with all documents and other information required for Holder to make an informed
decision with respect to the purchase of this Note.

6. Events of Default. The occurrence of any of the following shall constitute an
“Event of Default” under this Note:

(a) Failure to Pay. Company shall fail to pay (i) when due any principal or interest
payment on the due date hereunder or (ii) any other payment required under the terms of this Note
on the date due, and (in either case) such payment shall not have been made within twenty (20) days
of Company’s receipt of Holder’s written notice to Company of such failure to pay;

(b) Failure to Perform. Company fails to perform any obligation under this Note and
does not cure that failure within twenty (20) days of Company’s receipt of Holder’s written notice
to Company of such failure to perform; or

(c) Voluntary Bankruptcy or Insolvency Proceedings. Company shall (i) apply for or
consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all or a
substantial part of its property, (ii) be unable, or admit in writing its inability, to pay its
debts generally as they mature, (iii) make a general assignment for the benefit of its or any of
its creditors, (iv) be dissolved or liquidated, (v) become insolvent (as such term may be defined
or interpreted under any applicable statute), (vi) commence a voluntary case or other proceeding
seeking liquidation, reorganization or other relief with respect to itself or its debts under any
bankruptcy, insolvency or other similar law now or hereafter in effect or consent to any such
relief or to the appointment of or taking possession of its property by any official in an
involuntary case or other proceeding commenced against it, or (vii) take any action for the purpose
of effecting any of the foregoing; or

(d) Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment
of a receiver, trustee, liquidator or custodian of Company or of all or a substantial part of the
property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization
or other relief with respect to Company or the debts thereof under any bankruptcy, insolvency or
other similar law now or hereafter in effect shall be commenced and an order for relief entered or
such proceeding shall not be dismissed or discharged within thirty (30) days of commencement.

7. Rights of Holder upon Default. Upon the occurrence or existence of any Event of
Default (other than an Event of Default referred to in Sections 6(c) and 6(d)) and at any time
thereafter during the continuance of such Event of Default, the Majority Holders may, by written
notice to Company, declare all outstanding Obligations payable by Company under the Notes to be
immediately due and payable without presentment, demand, protest or any other notice of any kind,
all of which are hereby expressly waived. Upon the occurrence or existence of any Event of Default
described in Sections 6(c) and 6(d), immediately and without notice, all outstanding Obligations
payable by Company under the Notes shall automatically become immediately due and payable, without
presentment, demand, protest or any other notice of any kind, all of which are hereby expressly
waived. In addition to the foregoing remedies, upon the occurrence or existence of any Event of
Default, Holder may exercise any other right power or remedy permitted to him by law, either by
suit in equity or by action at law, or both.

8. Conversion.

(a) Conversion. Holder shall have the right to convert, at any time during the
Conversion Period, all or any portion of the principal amount, together with any unpaid and accrued
interest, then outstanding under this Note into fully paid and non-assessable shares of Common
Stock at a conversion price per share equal to the Conversion Price (as defined below). The number
of shares of Common Stock into which such principal and interest then outstanding under this Note
will be converted shall be determined by dividing the amount of principal, together with all unpaid
and accrued interest, then outstanding under this Note to be converted (the “Conversion Amount”) by
the Conversion Price.

(b) Conversion Price. Subject to Section 8(c), the “Conversion Price” shall be equal
to 80% of the Average Trading Price as reported by the principal trading exchange on which the
Company’s Common Stock is traded for the twenty (20) trading days preceding the date of the Note.

(c) Adjustments to Conversion Price. The Conversion Price shall be subject to
proportional adjustments for stock splits, stock dividends, combinations, consolidations,
reclassifications and the like.

(d) Conversion Procedure. Before Holder shall be entitled to convert the Conversion
Amount then outstanding under this Note into shares of Common Stock, Holder shall surrender this
Note at the office of this Company, and shall give written notice (a form of which is attached to
this Note, the “Conversion Notice”) to Company at its principal corporate office, of the election
to convert the same and shall state therein the total Conversion Amount. Company shall not be
obligated to issue certificates evidencing the shares of Common Stock issuable upon such conversion
unless (i) Holder executes and delivers to Company the Conversion Notice for the converted shares
and (ii) this Note is delivered to Company. Company shall, as soon as practicable after such
delivery, issue and deliver certificates (bearing such legends as are required by applicable state
and federal securities laws in the opinion of counsel to Company and required by this Note and the
Loan Agreement), representing the number of fully paid and non-assessable shares of the Common
Stock into which the Conversion Amount will be converted in accordance with the provisions herein,
and a new promissory note having like tenor as this Note for the principal amount and interest then
outstanding under this Note that are not being so converted. Any conversion pursuant to this
Section 8 shall be deemed to have been made immediately prior to the close of business on the date
of Company’s receipt of the Conversion Notice, so that the rights of Holder under this Note to the
extent of the Conversion Amount shall cease at such time and Holder shall be treated for all
purposes as having become the record holder of such shares of Common Stock at such time.

(e) Fractional Shares; Effect of Conversion. No fractional shares shall be issued
upon conversion of this Note. In lieu of Company issuing any fractional shares to Holder upon the
conversion of this Note, Company shall pay to Holder an amount equal to the product obtained by
multiplying the Conversion Price by the fraction of a share not issued pursuant to the previous
sentence. Upon conversion of this Note in full and the payment of the amounts specified in this
Section 9(f), Company shall be forever released from all its obligations and liabilities under this
Note.

(f) Reservation of Stock Issuable Upon Conversion. Company shall at all times reserve
and keep available out of its authorized but unissued shares of Common Stock solely for the purpose
of effecting the conversion of this Note such number of its shares of Common Stock as shall from
time to time be sufficient to effect the conversion of this Note.

9. Reserved

10. Effect of Sale Transaction. Upon the occurrence of any Sale Transaction, the
Successor Entity (as defined below) shall succeed to, and be substituted for the Company (so that
from and after the date of such Sale Transaction, the provisions of this Note referring to the
“Company” shall refer instead to the Successor Entity), and may exercise every right and power of
the Company and shall assume all of the obligations of the Company under this Note with the same
effect as if such Successor Entity had been named as the Company herein. Upon consummation of the
Sale Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall be
issued upon conversion of this Note at any time after the consummation of the Sale Transaction, in
lieu of the shares of the Common Stock purchasable upon the conversion of the Notes prior to such
Sale Transaction, such shares of common stock (or other securities, cash, assets or other property)
of the Successor Entity. The provisions of this Section shall apply similarly and equally to
successive Sale Transactions and shall be applied without regard to any limitations on the
conversion of this Note. As used in this Section 10, “Successor Entity” means the Person, which
may be the Company, formed by, resulting from or surviving any Sale Transaction, or the parent
entity of such Person, as applicable.

11. Successors and Assigns. Subject to the restrictions on transfer described in
Sections 12 and 13 below, the rights and obligations of Company and Holder of this Note shall be
binding upon and benefit the successors, assigns, heirs, administrators and transferees of the
parties.

12. Waiver and Amendment. Any term of this Note may be amended or waived only with
the written consent of Company and the Majority Holders; provided, however, that any such amendment
or modification which by its terms would not apply equally to all holders of the Notes shall not be
applicable to any holder whose rights under the Notes would be adversely affected by such amendment
or modification in a different manner than other holders thereof without such adversely affected
holder’s written consent.

13. Transfer of this Note or Securities Issuable on Conversion Hereof. With respect
to any offer, sale or other disposition of this Note or securities into which such Note may be
converted, Holder will give written notice to Company prior thereto, describing briefly the manner
thereof, together with a written opinion of Holder’s counsel, or other evidence if reasonably
satisfactory to Company, to the effect that such offer, sale or other distribution may be effected
without registration or qualification (under any federal or state law then in effect). Upon
receiving such written notice and reasonably satisfactory opinion, if so requested, or other
evidence, Company, as promptly as practicable, shall notify Holder that Holder may sell or
otherwise dispose of this Note or such securities, all in accordance with the terms of the notice
delivered to Company. If a determination has been made pursuant to this Section 12 that the
opinion of counsel for Holder, or other evidence, is not reasonably satisfactory to Company,
Company shall so notify Holder promptly after such determination has been made. Each Note thus
transferred and each certificate representing the securities thus transferred shall bear a legend
as to the applicable restrictions on transferability in order to ensure compliance with the
Securities Act, unless in the opinion of counsel for Company such legend is not required in order
to ensure compliance with the Securities Act. Company may issue stop transfer instructions to its
transfer agent in connection with such restrictions. Subject to the foregoing, transfers of this
Note shall be registered upon registration books maintained for such purpose by or on behalf of
Company. Prior to presentation of this Note for registration of transfer, Company shall treat the
registered Holder hereof as the owner and Holder of this Note for the purpose of receiving all
payments of principal and interest hereon and for all other purposes whatsoever, whether or not
this Note shall be overdue and Company shall not be affected by notice to the contrary.

14. Notices. Any notices, consents, waivers or other communications required or
permitted to be given under the terms of this Agreement must be in writing and will be deemed to
have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by
facsimile (provided confirmation of transmission is mechanically or electronically generated and
kept on file by the sending party); or (iii) one business day after deposit with an overnight
courier service, in each case properly addressed to the party to receive the same. The addresses
and facsimile numbers for such communications shall be to the respective addresses or facsimile
numbers of the parties as set forth in the Loan Agreement, or at such other address or facsimile
number as such parties shall have furnished in writing.

15. Usury. In the event any interest is paid on this Note which is deemed to be in
excess of the then legal maximum rate, then that portion of the interest payment representing an
amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied
against the principal of this Note.

16. Waivers. Company hereby waives notice of default, presentment or demand for
payment, protest or notice of nonpayment or dishonor and all other notices or demands relative to
this instrument.

17. Governing Law and Forum. This Note and all actions arising out of or in
connection with this Note shall be governed by and construed in accordance with the laws of the
State of Colorado, United States of America, without regard to the conflicts of law provisions of
the State of Colorado, or of any other state. All disputes or controversies relating to or arising
from this Note shall be adjudicated in the state and federal courts located in the state of
Colorado. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION
WITH RESPECT TO THIS NOTE AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS
WAIVER. The Convention on Contracts for the International Sale of Goods shall not apply to this
Note.

[Remainder of Page Intentionally Left Blank]

1

IN WITNESS WHEREOF, Company has caused this Note to be issued as of the date first written
above and Holder agrees to the terms and conditions of this Note.

VIASPACE INC.

By: /s/ Carl Kukkonen

	 	 	Name: Carl Kukkonen

Its: CEO

KEVIN SCHEWE

/s/ Kevin Schewe

NOTICE OF CONVERSION

(To be executed by the Registered Holder in order to convert the Note)

The undersigned hereby elects to convert $      of the principal and $      of the
interest due on the Note issued by VIASPACE Inc. on [ ] into Shares of Common Stock
of VIASPACE Inc. (the “Borrower”) according to the conditions set forth in such Note, as of the
date written below.

Date of Conversion:      

Conversion Price:      

Shares To Be Delivered:      

Signature:      

Print Name:      

Address:      

      

2EX-10.1

EXHIBIT 10.1

EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of December 1,
2012, by and between Stephen D. Steinour (the “Executive”) and Huntington Bancshares
Incorporated, a Maryland corporation (the “Company”).

WITNESSETH THAT:

WHEREAS, the Company is desirous of employing the Executive in an executive capacity on the terms
and conditions, and for the consideration, hereinafter set forth, and the Executive is desirous of
being employed by the Company on such terms and conditions and for such consideration.

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, and for
other good and valuable consideration, it is hereby covenanted and agreed by the Executive and the
Company as follows:

1. Effective Date. The “Effective Date” shall mean the date of this Agreement
as first above written.

2. Employment Period. The term of the Executive’s employment under this Agreement
will commence on the Effective Date and end on December 31, 2016 (the “Current Employment
Period”), unless terminated earlier pursuant to Section 5 of this Agreement; provided,
however, that as of the expiration date of each of (a) the Current Employment Period and
(b) if applicable, any Renewal Period (as defined below), the Employment Period will automatically
be extended for a three-year period (each, a “Renewal Period”), unless either party gives
at least one hundred and twenty (120) days’ written notice prior to such expiration date of its
intention not to renew the Employment Period (the Current Employment Period and each subsequent
Renewal Period shall constitute the “Employment Period”).

3. Position and Duties.

(a) During the Employment Period, the Executive shall continue to (i) serve as the President
and Chief Executive Officer of the Company, with such authority, power, duties and responsibilities
as are commensurate with such positions and as are customarily exercised by a person holding such
positions in a company of the size and nature of the Company, (ii) report directly to the Board of
Directors of the Company (the “Board”), (iii) be nominated to serve as a member of the
Board, (iv) while serving on the Board, serve as the Chairman of the Board, and (v) perform his
duties at the Company’s corporate headquarters in Columbus, Ohio.

(b) The Executive agrees that during the Employment Period, he shall devote his full business
time, energies and talents to serving in the positions described in Section 3(a) and he shall
perform his duties faithfully and efficiently subject to the directions of the Board.
Notwithstanding the foregoing provisions of this Section 3(b), the Executive may (i) serve as a
director, trustee or officer or otherwise participate in not-for-profit educational, welfare,
social, religious and civic organizations, and (ii) acquire passive investment interests in one or
more entities, to the extent that such other activities do not inhibit or interfere with the
performance of the Executive’s duties under this Agreement, or conflict in any material way with
the business or policies of the Company or any subsidiary or affiliate of the Company (the
“Affiliated Entities”). The Company, without limitation, expressly acknowledges that, as
of the Effective Date, the Executive serves on the boards of directors of four non-profit
organizations as previously disclosed to the Company and, subject to the conditions in the
preceding sentence, may continue his service on such boards of directors . The Executive may also
continue to serve as a member of the board of directors of the two companies on which he serves as
of the Effective Date as previously disclosed to the Company; provided that any service as
a board member of another entity shall, in any event, be subject to the aforesaid conditions
regarding interference with the Executive’s duties under this Agreement and conflict with the
business or policies of the Company or the Affiliated Entities.

4. Compensation. Subject to the terms of this Agreement, while the Executive is
employed by the Company during the Employment Period, the Company shall compensate him for his
services as follows:

(a) Base Salary. During the Employment Period, the Executive shall receive an annual
base salary (“Annual Base Salary”) of no less than $1,000,000. The Executive’s Annual Base
Salary shall be reviewed annually by the Compensation Committee of the Board (the “Compensation
Committee”) pursuant to its normal performance review policies for senior executives. The term
Annual Base Salary as utilized in this Agreement shall refer to Annual Base Salary as in effect
from time to time. Such Annual Base Salary shall be payable in monthly or more frequent
installments in accordance with the Company’s payroll policies.

(b) Annual Incentive Payment. With respect to each fiscal year of the Company ending
during the Employment Period, the Executive shall be eligible to receive an annual incentive
payment (the “Incentive Payment”) as determined by the Compensation Committee in accordance
with the Company’s Management Incentive Plan or any substitute or successor plan thereto (the
“Incentive Plan”). The Executive’s target Incentive Payment opportunity under the
Incentive Plan for each fiscal year during the Employment Period shall be 110% of his Annual Base
Salary (the “Target Incentive Payment”). Any earned Incentive Payment shall be paid to the
Executive pursuant to the terms of the Incentive Plan; provided, however, that any
such Incentive Payment for a fiscal year shall be paid to the Executive no later than the 15th day
of the third month following the close of such fiscal year, unless the Executive shall elect to
defer the receipt of such Incentive Payment pursuant to an arrangement that meets the requirements
of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

(c) Annual Equity Incentive Awards. With respect to each fiscal year of the Company
during the Employment Period, the Executive shall be eligible to receive annual equity incentive
awards under the Company’s 2012 Long-Term Incentive Plan or any other stock or long-term incentive
plans that the Company may adopt from time to time on terms and conditions no less favorable than
those provided to other senior executives of the Company.

(d) Employee Benefits, Fringe Benefits and Perquisites. During the Employment Period,
the Executive shall be provided with employee benefits, fringe benefits and perquisites on a basis
no less favorable than such benefits and perquisites are provided by the Company from time to time
to the Company’s other senior executives, which shall include, without limitation, participation in
the Company’s Supplemental Stock Purchase and Tax Savings Plan and the Company’s Supplemental
Retirement Income Plan (or any successor plans thereto) as such plans may be in effect from time to
time.

(e) Expense Reimbursement. Subject to the requirements of Section 8(b) (relating to
in-kind benefits and reimbursements), during the Employment Period, the Company will reimburse the
Executive for all reasonable expenses incurred by him in the performance of his duties in
accordance with the Company’s policies applicable to senior executives.

(f) Executive Agreement. During the Employment Period, the Executive shall be
entitled to receive change-of-control severance protections providing for severance benefits based
on a three times multiple and otherwise on terms and conditions that are no less favorable than the
those provided under the terms of the Executive Agreement entered into between the Executive and
the Company for the period commencing January 1, 2013 (the “Executive Agreement”).

(g) Stock Ownership Requirement. While employed by the Company, the Executive shall
be subject to the Company’s stock ownership policy in accordance with the guidelines as established
by the Compensation Committee as in effect on the Effective Date (as such policy may be amended
from time to time in consultation with the Executive).

(h) Indemnification/Insurance. The Company shall indemnify the Executive to the full
extent permitted by the general laws of the State of Maryland, its charter or its bylaws now or
hereafter in force, and shall advance all expenses including attorneys’ fees under procedures
provided by, and to the full extent permitted by, such laws, charter or bylaws. To the extent the
Company provides and maintains liability insurance covering members of the Board and/or senior
executives of the Company, the Executive will be entitled to such coverage on a basis that is no
less favorable than the coverage provided to any other officer or director of the Company.

5. Termination of Employment.

(a) Death or Disability. The Executive’s employment shall terminate automatically
upon the Executive’s death during the Employment Period. If the Company determines in good faith
that the Disability of the Executive has occurred during the Employment Period (pursuant to the
definition of Disability set forth below), it may provide the Executive with written notice in
accordance with Section 13(f) of this Agreement of its intention to terminate the Executive’s
employment. In such event, the Executive’s employment with the Company shall terminate effective
on the thirtieth (30th) day after receipt of such notice by the Executive (the “Disability
Effective Date”), provided that, within the thirty (30) days after such receipt, the
Executive shall not have returned to full-time performance of the Executive’s duties. For purposes
of this Agreement, “Disability” shall mean the inability of the Executive to perform the
Executive’s duties with the Company on a full-time basis as a result of incapacity due to mental or
physical illness, which inability exists for one hundred eighty (180) days during any rolling
twelve (12)-month period, as determined by a physician selected by the Company or its insurers and
acceptable to the Executive or the Executive’s legal representative.

(b) Cause. The Company may terminate the Executive’s employment during the Employment
Period either with or without Cause. For purposes of this Agreement, “Cause” shall mean:

(i) the continued failure of the Executive to perform substantially the
Executive’s duties with the Company or one of the Affiliated Entities (other than
any such failure resulting from incapacity due to physical or mental illness);

(ii) the Executive’s conviction of, or plea of guilty or nolo
contendere to, a charge of commission of (A) a felony or (B) any crime
involving moral turpitude;

(iii) the Executive’s material breach of the Company’s material written
policies or procedures;

(iv) the Executive’s willful commission of an act of dishonesty in connection
with the Executive’s performance of his duties to the Company or any of the
Affiliated Entities; or

(v) any other willful misconduct by the Executive which causes material harm to
the Company or any of the Affiliated Entities or their business reputations,
including due to any adverse publicity.

In order to invoke a termination for Cause on any of the grounds enumerated under Section 5(b)(i)
or (iii), the Company shall provide written notice to the Executive of the existence of such
grounds within thirty (30) days following the Company’s knowledge of the existence of such grounds,
specifying in reasonable detail the grounds constituting Cause, and the Executive shall have thirty
(30) days following receipt of such written notice during which he may remedy the ground if such
ground is reasonably subject to cure.

For purposes of this provision, no act or failure to act, on the part of the Executive, shall be
considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or
without reasonable belief that the Executive’s action or omission was in the best interests of the
Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly
adopted by the Board or upon the advice of counsel for the Company shall be conclusively presumed
to be done, or omitted to be done, by the Executive in good faith and in the best interests of the
Company. The cessation of employment of the Executive shall not be deemed to be for Cause unless
and until there shall have been delivered to the Executive a copy of a resolution duly adopted by
the affirmative vote of not less than a two-thirds of the entire membership of the Board at a
meeting of the Board called and held for such purpose (after reasonable notice is provided to the
Executive and the Executive is given an opportunity, together with counsel, to be heard before the
Board), finding that, in the good faith opinion of the Board, the Executive is guilty of the
conduct described in clauses (i), (iii), (iv) or (v) above, and specifying the particulars thereof
in detail.

(c) Good Reason. The Executive’s employment may be terminated by the Executive during
the Employment Period with or without Good Reason. For purposes of this Agreement, “Good
Reason” shall mean in the absence of the written consent of the Executive:

(i) the assignment to the Executive of any duties materially inconsistent with
the Executive’s positions (including status, offices, titles and reporting
requirements), authority, duties or responsibilities as contemplated by Section 3(a)
of this Agreement, or any other action by the Company which results in a material
diminution in such positions, authority, duties or responsibilities;

(ii) any material failure by the Company to comply with the material terms of
Section 4 of this Agreement;

(iii) any requirement by the Company that the Executive’s services be rendered
primarily at a location that is more than fifty (50) miles from the Company’s
corporate headquarters in Columbus, Ohio; or

(iv) any other material breach of this Agreement by the Company.

In order to invoke a termination for Good Reason, the Executive shall provide written notice to the
Company of the existence of one or more of the conditions described in clauses (i) through (iv)
within 30 days following the Executive’s knowledge of the initial existence of such condition or
conditions, specifying in reasonable detail the conditions constituting Good Reason, and the
Company shall have thirty (30) days following receipt of such written notice (the “Cure
Period”) during which it may remedy the condition if such condition is reasonably subject to
cure. In the event that the Company fails to remedy the condition constituting Good Reason during
the applicable Cure Period, the Executive’s “separation from service” (within the meaning of
Section 409A of the Code) must occur, if at all, within thirty (30) days following such Cure Period
in order for such termination as a result of such condition to constitute a termination for Good
Reason.

(d) Notice of Termination. Any termination by the Company for Cause, or by the
Executive for Good Reason, shall be communicated by Notice of Termination to the other party hereto
given in accordance with Section 13(f) of this Agreement. For purposes of this Agreement, a
“Notice of Termination” means a written notice which (i) indicates the specific termination
provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of the Executive’s
employment under the provision so indicated, and (iii) if the Date of Termination (as defined
below) is other than the date of receipt of such notice, specifies the termination date (which date
shall be not more than thirty (30) days after the giving of such notice or thirty (30) days after
the end of the Cure Period in the case of a termination by the Executive with Good Reason). The
failure by the Executive or the Company to set forth in the Notice of Termination any fact or
circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of
the Executive or the Company, respectively, hereunder or preclude the Executive or the Company,
respectively, from asserting such fact or circumstance in enforcing the Executive’s or the
Company’s rights hereunder.

(e) Date of Termination. “Date of Termination” means (i) if the Executive’s
employment is terminated by the Company other than for Cause or Disability, or by the Executive
without Good Reason (including due to his normal retirement as contemplated by Section 6(e) of this
Agreement), the date of receipt of the Notice of Termination or any later date specified therein
within thirty (30) days of such notice, as the case may be, (ii) if the Executive’s employment is
terminated by the Executive with Good Reason, a date that is no later than thirty (30) days after
the Cure Period, (iii) if the Executive’s employment is terminated by the Company for Cause, the
date on which the Company notifies the Executive of such termination, and (iv) if the Executive’s
employment is terminated by reason of death or Disability, the date of the Executive’s death or the
Disability Effective Date, as the case may be. Notwithstanding any provision contained herein, the
Executive’s Date of Termination shall be the date of his “separation from service,” as that term is
defined in Section 409A of the Code and Treasury Regulation Section 1.409A-1(h).

6. Obligations of the Company upon Termination.

(a) Good Reason; Other Than for Cause, Death or Disability. Subject to the
Executive’s execution and nonrevocation of a release of claims in a form reasonably acceptable to
the Company no later than forty-five (45) days after the Date of Termination (i.e., the applicable
revocation period shall have expired by such date), if, during the Employment Period, the Company
shall terminate the Executive’s employment other than for Cause, death or Disability, or the
Executive shall terminate his employment for Good Reason:

(i) the Company shall pay to the Executive in a lump sum in cash on the
forty-fifth (45th) day after the Date of Termination (except as otherwise
provided herein, including in Section 8) the aggregate of the following amounts:

(A) the sum of (1) the Executive’s Annual Base Salary through the Date
of Termination to the extent not theretofore paid, (2) any annual Incentive
Payment earned by the Executive for a prior completed fiscal year to the
extent not theretofore paid, with such Incentive Payment to be paid no later
than the date on which the Company otherwise makes cash incentive payments
to other executive officers for such completed fiscal year (other than any
portion of such annual Incentive Payment that was deferred, which portion
shall instead be paid in accordance with the applicable deferral arrangement
and any election thereunder), (3) any accrued paid time off to the extent
not theretofore paid, and (4) any business expenses incurred by the
Executive that are unreimbursed as of the Date of Termination (the sum of
the amounts described in clauses (1), (2), (3) and (4) shall be hereinafter
referred to as the “Accrued Obligations”); and

(B) the amount equal to the product of (1) two, and (2) the sum of (x)
the Executive’s Annual Base Salary and (y) the amount equal to the higher of
(i) the Target Incentive Payment for the year in which the Date of
Termination occurs, and (ii) the Incentive Payment paid or payable
(including any amounts deferred) to the Executive in respect of the fiscal
year prior to the year in which the Date of Termination occurs (the product
of (1) and (2), the “Severance Payment”); and

(ii) a pro-rata Incentive Payment in respect of the fiscal year of the Company
in which the Date of Termination occurs, with such amount to equal the product of
(1) the amount determined by the Compensation Committee based on the Company’s
actual performance for the fiscal year in which the Date of Termination occurs and
otherwise on a basis no less favorable than annual incentive award determinations
are made by the Compensation Committee for the Company’s executive officers, and (2)
a fraction, the numerator of which is the number of days that have elapsed in the
fiscal year of the Company in which the Date of Termination occurs as of the Date of
Termination, and the denominator of which is three hundred sixty five (365) (the
“Pro-Rata Incentive Payment”), with such Pro-Rata Incentive Payment to be
paid on the date on which the Company otherwise makes cash incentive payments to
executive officers for such fiscal year (other than any portion of such annual
Incentive Payment that was deferred, which portion shall instead be paid in
accordance with the applicable deferral arrangement and any election thereunder);

(iii) to the extent not theretofore paid or provided, the Company shall timely
pay or provide to the Executive any other amounts or benefits required to be paid or
provided or which the Executive is eligible to receive under any plan, program,
policy or practice or contract or agreement of the Company and the Affiliated
Entities through the Date of Termination (such other amounts and benefits shall be
hereinafter referred to as the “Other Benefits”).

(b) Death. If the Executive’s employment is terminated by reason of the Executive’s
death during the Employment Period, this Agreement shall terminate without further obligations to
the Executive’s legal representatives under this Agreement, other than for payment of Accrued
Obligations, the Pro-Rata Incentive Payment and the timely payment or provision of the Other
Benefits. Accrued Obligations shall be paid to the Executive’s estate or beneficiary, as
applicable, in a lump sum in cash within thirty (30) days of the Date of Termination. With respect
to the provision of Other Benefits, the term Other Benefits as utilized in this Section 6(b) shall
include death benefits as in effect on the date of the Executive’s death with respect to senior
executives of the Company and their beneficiaries.

(c) Disability. If the Executive’s employment is terminated by reason of the
Executive’s Disability during the Employment Period, this Agreement shall terminate without further
obligations to the Executive, other than for payment of the Accrued Obligations, the Pro-Rata
Incentive Payment and the timely payment or provision of the Other Benefits. Accrued Obligations
shall be paid to the Executive or his legal representative, if incapacitated, as applicable, in a
lump sum in cash within thirty (30) days of the Date of Termination. With respect to the provision
of Other Benefits, the term Other Benefits as utilized in this Section 6(c) shall include
disability benefits as in effect on the date of the Executive’s Disability with respect to senior
executives of the Company and their beneficiaries.

(d) Cause; Other than for Good Reason. If the Executive’s employment shall be
terminated for Cause or the Executive terminates his employment without Good Reason during the
Employment Period, this Agreement shall terminate without further obligations to the Executive
other than the obligation to pay to the Executive (i) the Accrued Obligations within thirty (30)
days of the Date of Termination, and (ii) the Other Benefits.

(e) Retirement. Notwithstanding anything to the contrary in this Agreement, should
the Executive’s employment terminate without Good Reason and due to his retirement after becoming
eligible for normal retirement benefits under the Huntington Bancshares Retirement Plan or any
successor retirement plan, the Executive, in addition to any other payments or benefits to which he
is or becomes entitled, shall be entitled to the Pro-Rata Incentive Payment.  

(f) Effect of Termination on Other Positions. If, on the Date of Termination, the
Executive is a member of the Board or the board of directors of any of the Company’s subsidiaries,
or holds any other position with the Company or its subsidiaries, the Executive shall be deemed to
have resigned from all such positions as of the Date of Termination. The Executive agrees to
execute such documents and take such other actions as the Company may request to reflect such
resignation.

(g) Full Settlement. The payments and benefits provided under this Section 6
(including, without limitation, the Other Benefits, which shall include the Executive’s vested
retirement benefits and any other payments or benefits to which the Executive becomes entitled
under the Company’s employee benefit plans) shall be in full satisfaction of the Company’s
obligations to the Executive upon his termination of employment, notwithstanding the remaining
length of the Employment Period, and in no event shall the Executive be entitled to severance
benefits (or other damages in respect of a termination of employment or claim for breach of this
Agreement) beyond those specified in this Section 6. For the avoidance of doubt, during the
Employment Period, the Executive shall only be entitled to severance benefits under this Agreement
(and upon a Change of Control (as defined in the Executive Agreement) shall be entitled to
severance benefits under the Executive Agreement), and shall not be entitled to severance benefits
under the Company’s Transition Pay Plan or any other severance arrangement maintained by the
Company or the Affiliated Entities.

7. No Mitigation; No Offset. The Company’s obligation to make the payments provided
for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by
any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company
may have against the Executive or others. In no event shall the Executive be obligated to seek
other employment or take any other action by way of mitigation of the amounts payable to the
Executive under any of the provisions of this Agreement, and such amounts shall not be reduced
whether or not the Executive obtains other employment. The Company agrees to pay, during the
Employment Period and the five (5)-year period thereafter, to the full extent permitted by law, all
legal fees and expenses which the Executive may reasonably incur as a result of any contest by the
Company, the Executive or others of the validity or enforceability of, or liability under, any
provision of this Agreement or any guarantee of performance thereof (including as a result of any
contest by the Executive about the amount of any payment pursuant to this Agreement), plus in each
case interest (as determined in the manner described in Section 8(c) below with the rate determined
as of the date such reimbursement is determined to be owed) on any delayed payment,
provided that the Executive prevails on any material issue in such contest.

8. Section 409A.

(a) General. It is intended that this Agreement shall comply with the provisions of
Section 409A of the Code and the Department of the Treasury (the “Department”) Regulations
relating thereto, or an exemption to Section 409A of the Code. Any payments that qualify for the
“short-term deferral” exception or another exception under Section 409A of the Code shall be paid
under the applicable exception. For purposes of the limitations on nonqualified deferred
compensation under Section 409A of the Code, each payment of compensation under this Agreement
shall be treated as a separate payment of compensation for purposes of applying the Section 409A of
the Code deferral election rules and the exclusion under Section 409A of the Code for certain
short-term deferral amounts. All payments to be made upon a termination of employment under this
Agreement may only be made upon a “separation from service” under Section 409A of the Code. In no
event may the Executive, directly or indirectly, designate the calendar year of any payment under
this Agreement. Within the time period permitted under Section 409A or any IRS or Department rules
or other guidance issued thereunder, the Company may, in consultation with the Executive, modify
the Agreement in order to cause the provisions of the Agreement to comply with the requirements of
Section 409A of the Code, so as to avoid the imposition of taxes and penalties on the Executive
pursuant to Section 409A of the Code.

(b) In-Kind Benefits and Reimbursements. Notwithstanding anything to the contrary in
this Agreement, all reimbursements and in-kind benefits that constitute nonqualified deferred
compensation under Section 409A provided under this Agreement shall be made or provided in
accordance with the requirements of Section 409A of the Code, including, where applicable, the
requirement that (i) any reimbursement is for expenses incurred during the Executive’s lifetime (or
during a shorter period of time specified in this Agreement); (ii) the amount of expenses eligible
for reimbursement, or in kind benefits provided, during a calendar year may not affect the expenses
eligible for reimbursement, or in kind benefits to be provided, in any other calendar year; (iii)
the reimbursement of an eligible expense will be made no later than the last day of the calendar
year following the year in which the expense is incurred; and (iv) the right to reimbursement or in
kind benefits is not subject to liquidation or exchange for another benefit.

(c) Delay of Payments. Notwithstanding any other provision of this Agreement to the
contrary, if the Executive is considered a “specified employee” for purposes of Section 409A of the
Code (as determined in accordance with the methodology established by the Company as in effect on
the Date of Termination), (i) any payment that constitutes nonqualified deferred compensation
within the meaning of Section 409A of the Code that is payable on account of the Executive’s
separation from service and is otherwise due to the Executive under this Agreement during the
six-month period following his separation from service (as determined in accordance with Section
409A of the Code) shall be accumulated and paid to Executive on the first (1st) business day of the
seventh (7th) month following his separation from service (the “Delayed Payment Date”) and
(ii) in the event any equity compensation awards held by the Executive that vest upon termination
of the Executive’s employment constitute nonqualified deferred compensation within the meaning of
Section 409A of the Code, the delivery of shares of common stock (or cash) as applicable in
settlement of such awards shall be made on the earliest permissible payment date (including the
Delayed Payment Date) or event under Section 409A on which the shares (or cash) would otherwise be
delivered or paid. The Executive shall be entitled to interest on any delayed cash payments from
the Date of Termination to the Delayed Payment Date at a rate equal to the applicable federal
short-term rate in effect under Code Section 1274(d) for the month in which the Executive’s
separation from service occurs. If the Executive dies during the postponement period, the amounts
and entitlements delayed on account of Section 409A of the Code shall be paid to the personal
representative of his estate on the first to occur of the Delayed Payment Date or thirty (30) days
after the date of the Executive’s death.

9. Forfeiture. Notwithstanding any other provisions of this Agreement, in addition to
any clawback or forfeiture provisions required by law and applicable to the Company or its
subsidiaries, the compensation provided under this Agreement or under any incentive compensation
plan in which the Executive participates shall be subject to the terms of (a) the Company’s
recoupment policy as in effect on the Effective Date (as such policy may be amended from time to
time in consultation with the Executive or in order to comply with applicable law, including,
without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act), and (b) any
clawback or forfeiture provisions in the Company’s incentive compensation plans in which the
Executive participates or the award agreements with respect to the Executive’s awards thereunder.

10. Restrictive Covenants.

(a) Return of Company Property. Upon his termination of employment for any reason,
the Executive shall promptly return to the Company any keys, credit cards, passes, confidential
documents or material, or other property belonging to the Company, and the Executive shall also
return all writings, files, records, correspondence, notebooks, notes and other documents and
things (including any copies thereof) containing confidential information or relating to the
business or proposed business of the Company or the Affiliated Entities or containing any trade
secrets relating to the Company or the Affiliated Entities except any personal diaries, calendars,
rolodexes or personal notes or correspondence. For purposes of the preceding sentence, the term
“trade secrets” shall have the meaning ascribed to it under the Uniform Trade Secrets Act. The
Executive agrees to represent in writing to the Company upon termination of employment that he has
complied with the foregoing provisions of this Section 10(a).

(b) Mutual Nondisparagement. The Executive and the Company each agree that, following
the Executive’s termination of employment, neither the Executive, nor the Company will make any
public statements which materially disparage the other party. The Company shall not be liable for
any breach of its obligations under this paragraph if it informs its directors and executive
officers, as such term is defined in Rule 3b-7 promulgated under the Securities Exchange Act of
1934, of the content of its covenant hereunder and takes reasonable measures to ensure that such
individuals honor the Company’s agreement. Notwithstanding the foregoing, nothing in this Section
10(b) shall prohibit any person from making truthful statements when required by order of a court
or other governmental or regulatory body having jurisdiction.

(c) Confidential Information. The Executive agrees that, during his employment with
the Company and at all times thereafter, he shall hold in a fiduciary capacity for the benefit of
the Company all secret or confidential information, knowledge or data relating to the Company or
any of the Affiliated Entities, and their respective businesses, which shall have been obtained by
the Executive during the Executive’s employment by the Company or during his consultation with the
Company after his termination of employment, and which shall not be or become public knowledge
(other than by acts by the Executive or representatives of the Executive in violation of this
Agreement). Except in the good faith performance of his duties for the Company, the Executive
shall not, without the prior written consent of the Company or as may otherwise be required by law
or legal process, communicate or divulge any such information, knowledge or data to anyone other
than the Company and those designated by it.

(d) Nonsolicitation. The Executive agrees that, while he is employed by the Company
and during the one-year period following his termination of employment with the Company (the
“Restricted Period”), the Executive shall not, directly or indirectly, (i) solicit any
individual who is, on the Date of Termination (or was, during the six (6)-month period prior to the
Date of Termination), employed by the Company or the Affiliated Entities to terminate or refrain
from renewing or extending such employment or to become employed by or become a consultant to any
other individual or entity other than the Company or the Affiliated Entities, (ii) initiate
discussion with any such employee or former employee for any such purpose or authorize or knowingly
cooperate with the taking of any such actions by any other individual or entity on behalf of the
Executive’s employer or (iii) induce or attempt to induce any customer (whether former, current or
prospective), supplier, licensee or other business relation of the Company or any of the Affiliated
Entities to cease doing business with the Company or such Affiliated Entity, or in any way
interfere with the relationship between any such customer, supplier, licensee or business relation,
on the one hand, and the Company or any Affiliated Entity, on the other hand.

(e) Noncompetition. The Executive agrees that, during the Restricted Period, he will
not engage in Competition (as defined below). The Executive shall be deemed to be engaging in
“Competition” if he, directly or indirectly, owns, manages, operates, controls or
participates in the ownership, management, operation or control of or is connected as an officer,
employee, partner, director, consultant or otherwise with, or has any financial interest in, any
business (whether through a corporation or other entity) engaged in the commercial banking business
or any other financial services business that is competitive with any portion of the business
conducted by the Company or any of the Affiliated Entities, in Michigan, Indiana, Ohio, Kentucky,
Pennsylvania (which as of the Effective Date shall be limited to western Pennsylvania, defined as
the portion west of Harrisburg, Pennsylvania) and West Virginia and any other state (or regional
area in Pennsylvania) in which the Company or the Affiliated Entities as of the Date of Termination
(or at any time during the twelve (12)-month period prior to the Date of Termination) has (or had)
a material commercial banking or other financial services business (or has taken reasonable steps
to commence operating a material commercial banking or other financial services business).
Notwithstanding the aforesaid, the restrictions herein shall not apply based solely on the Company
having any ownership or other interest in an indirect automobile lending facility. Ownership for
personal investment purposes only of less than two percent (2%) of the voting stock of any publicly
held corporation shall not constitute a violation hereof.

(f) Equitable Remedies. The Executive acknowledges that the Company would be
irreparably injured by a violation of Section 10(b), (c), (d) or (e) and he agrees that the
Company, in addition to any other remedies available to it for such breach or threatened breach,
shall be entitled to a preliminary injunction, temporary restraining order, or other equivalent
relief, restraining the Executive from any actual or threatened breach of Section 10(b), (c), (d)
or (e). If a bond is required to be posted in order for the Company to secure an injunction or
other equitable remedy, the parties agree that said bond need not be more than a nominal sum.

11. Assistance with Claims. The Executive agrees that, consistent with the
Executive’s business and personal affairs, during and after his employment by the Company, he will
assist the Company and the Affiliated Entities in the defense of any claims, or potential claims
that may be made or threatened to be made against any of them in any action, suit or proceeding,
whether civil, criminal, administrative or investigative (a “Proceeding”), and will assist
the Company and the Affiliated Entities in the prosecution of any claims that may be made by the
Company or the Affiliated Entities in any Proceeding, to the extent that such claims may relate to
the Executive’s employment or the period of Executive’s employment by the Company. The Executive
agrees, unless precluded by law, to inform promptly the Company if the Executive is asked to (a)
participate (or otherwise become involved) in any Proceeding involving such claims or potential
claims or (b) assist in any investigation (whether governmental or private) of the Company or the
Affiliated Entities (or their actions), regardless of whether a lawsuit has then been filed against
the Company or the Affiliated Entities with respect to such investigation. The Company agrees to
reimburse the Executive for all of the Executive’s reasonable out-of-pocket expenses associated
with such assistance, including travel expenses and any attorneys’ fees, and if such assistance is
rendered at a time when the Executive is not actively employed by the Company or at a time in
respect of which the Executive is receiving the Severance Payment, shall pay a reasonable per diem
fee for the Executive’s services. Any amounts to be paid to the Executive pursuant to this Section
11 shall be paid by the Company no later than within thirty (30) days of the date on which such
expenses are incurred.

12. Successors.

(a) This Agreement is personal to the Executive and, without the prior written consent of the
Company, shall not be assignable by the Executive. This Agreement and any rights and benefits
hereunder shall inure to the benefit of and be enforceable by the Executive’s legal
representatives, heirs or legatees. This Agreement and any rights and benefits hereunder shall
inure to the benefit of and be binding upon the Company and its successors and assigns.

(b) The Company will require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company to assume expressly and agree to satisfy all of the obligations under this Agreement in the
same manner and to the same extent that the Company would be required to satisfy such obligations
if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company
as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes
and agrees to perform this Agreement by operation of law, or otherwise.

13. Miscellaneous.

(a) Amendment. This Agreement may not be amended or modified otherwise than by a
written agreement executed by the parties hereto or their respective successors and legal
representatives. If it is determined that it is necessary to amend, modify or alter this Agreement
(or the arrangements relating to compensation provided hereunder) in order to comply with
applicable legal and/or regulatory requirements or guidance relating to compensation (including any
formal and conclusive interpretation thereof by any regulator or agency of competent jurisdiction),
the Company and the Executive shall cooperate in good faith to implement such amendments,
modifications or alterations (it being understood that any such amendments, modifications or
alternations shall be implemented in a manner that seeks to preserve to the extent possible the
incentive compensation opportunities intended to be provided hereunder).

(b) Withholding. The Company may withhold from any amounts payable under this
Agreement such Federal, state, local or foreign taxes as shall be required to be withheld pursuant
to any applicable law or regulation.

(c) Applicable Law. The provisions of this Agreement shall be construed in accordance
with the internal laws of the State of Ohio, without regard to the conflict of law provisions of
any state.

(d) Severability. The invalidity or unenforceability of any provision of this
Agreement will not affect the validity or enforceability of any other provision of this Agreement,
and this Agreement will be construed as if such invalid or unenforceable provision were omitted
(but only to the extent that such provision cannot be appropriately reformed or modified).

(e) Waiver of Breach. No waiver by any party hereto of a breach of any provision of
this Agreement by any other party, or of compliance with any condition or provision of this
Agreement to be performed by such other party, will operate or be construed as a waiver of any
subsequent breach by such other party of any similar or dissimilar provisions and conditions at the
same or any prior or subsequent time. The failure of any party hereto to take any action by reason
of such breach will not deprive such party of the right to take action at any time while such
breach continues.

(f) Notices. Notices and all other communications provided for in this Agreement
shall be in writing and shall be delivered personally or sent by registered or certified mail,
return receipt requested, postage prepaid, or prepaid overnight courier to the parties at the
addresses set forth below (or such other addresses as shall be specified by the parties by like
notice):

to the Company:

Huntington Bancshares Incorporated

The Huntington Center

41 South High Street.

Columbus, Ohio 43287

Attention: General Counsel

or to the Executive:

At the most recent address maintained

by the Company in its personnel records

With a copy to:

R. Robert Popeo, Esquire

Robert M. Gault, Esquire

Mintz Levin Cohen Glovsky and Popeo, P.C.

One Financial Center

Boston, MA 02111

Each party, by written notice furnished to the other party, may modify the applicable delivery
address, except that notice of change of address shall be effective only upon receipt. Such
notices, demands, claims and other communications shall be deemed given in the case of delivery by
overnight service with guaranteed next day delivery, the next day or the day designated for
delivery; or in the case of certified or registered U.S. mail, five (5) days after deposit in the
U.S. mail; provided, however, that in no event shall any such communications be
deemed to be given later than the date they are actually received.

(g) Survivorship. Upon the expiration or other termination of this Agreement, the
respective rights and obligations of the parties hereto shall survive such expiration or other
termination to the extent necessary to carry out the intentions of the parties under this
Agreement.

(h) Entire Agreement. From and after the Effective Date, this Agreement (other than
the Executive Agreement as contemplated by Section 4(f) hereof) constitutes the entire agreement
between the Company and the Executive and shall supersede any agreements between the parties with
respect to the subject matter hereof; provided that, from and after the date of the
occurrence of a Change of Control (as defined in the Executive Agreement), the Executive Agreement
shall supersede and replace this Agreement (subject to the last sentence of Section 13 of the
Executive Agreement).

(i) Counterparts. This Agreement may be executed in separate counterparts, each of
which is deemed to be an original and all of which taken together constitute one and the same
agreement.

1

IN WITNESS THEREOF, the Executive has hereunto set his hand, and the Company has caused these
presents to be executed in its name and on its behalf, all as of the day and year first above
written.

STEPHEN D. STEINOUR

/s/ Stephen D. Steinour

	 	 	HUNTINGTON BANCSHARES INCORPORATED

By: /s/ David L. Porteous

Name: David L. Porteous

Title: Lead Director

2

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