Document:

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                                                                  EXHIBIT 4.13.1

                             DEMAND PROMISSORY NOTE

Date of Note:        November 13, 2001. Amended 7/3, 2002.

Amount of Note:      $600,000.00

Interest Rate:       The principal amount of this Note from time to time
                     outstanding shall bear interest at a rate per annum equal
                     to twelve percent (12.0%).

           FOR VALUE RECEIVED, the undersigned ("BORROWER") does hereby covenant
and promise to pay to JOHN R. FOLKERTH, SR., an individual, or his heirs,
successors or assigns (the "LENDER"), at 6530 Poe Avenue, Dayton, Ohio 45414, or
at such other place as the Lender may designate to Borrower in writing from time
to time, in legal tender of the United States, the Amount of Note or so much
thereof as may be advanced by the Lender to Borrower pursuant to the terms
hereof (the "PRINCIPAL AMOUNT"), together with interest at the Interest Rate on
the Principal Amount until this Note is paid in full as provided in this Note.

           Payments of interest only hereunder shall be payable monthly in
arrears on the last day of each calendar month, commencing on December 31, 2001.
The unpaid Principal Amount of this Note together with accrued and unpaid
interest thereon shall be due and payable immediately upon the Lender making a
demand for payment to Borrower and this Note shall thereupon be deemed to have
matured. Borrower shall have the right to prepay the principal amount of this
Note in whole or in part, without premium or penalty, from time to time.

           All interest under this Note shall be computed on an actual/360-day
basis (i.e., interest for each day during which any of the Principal Amount is
outstanding shall be computed at the Interest Rate or the Default Rate, as
hereinafter defined, as applicable, divided by 360).

           If Borrower desires an advance of the Principal Amount of this Note
(each, an "ADVANCE"), Borrower shall give the Lender at least one (1) business
day's oral notice, promptly confirmed in writing, of its request for such
Advance, specifying the date and amount thereof. The Lender may make the
Advance, or refrain from making the Advance, in the Lender's sole discretion. If
the Lender decides to make the Advance to Borrower, the Lender will make such
Advance to Borrower in immediately available funds to Borrower's designated
account at Huntington National Bank. Within the aforestated limits, Borrower may
borrow, prepay and reborrow the Principal Amount of this Note.

           The Lender will record all Advances and repayments thereof on the
grid attached hereto as Exhibit A. The Lender's entries on such grid shall,
absent manifest error, be final, conclusive and binding.

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           This Note is secured by a Security Agreement dated the date hereof,
between Borrower and the Lender (the "SECURITY AGREEMENT").

           This Note specify various defaults (each, a "DEFAULT") upon the
happening of which all sums owing on this Note may, at the Lender's option, be
declared immediately due and payable. Any of the following occurrences or acts
will constitute a Default: (a) the failure of Borrower to make any payment of
principal and/or interest, or any other mandatory amounts payable under this
Note, within ten (10) days after the date when due hereunder, or (b) an "event
of default" shall occur under the Security Agreement.

           During the continuance of a Default, the Principal Amount shall bear
interest at two percent (2%) per annum in excess of the Interest Rate in effect
from time to time, each change in such rate to be effective as of the date of
such change (the "DEFAULT RATE").

           Should the indebtedness represented by this Note or any part thereof
be collected at law or in equity, or in bankruptcy, receivership or any other
court proceedings (whether at the trial or appellate level), or should this Note
be placed in the hands of attorneys for collection upon default, Borrower agrees
to pay, in addition to the principal, premium, if any, and interest due and
payable hereon, all costs of collection, including reasonable attorneys' fees
and expenses.

           Borrower hereby waives presentment for payment, demand, protest,
notice of protest and notice of dishonor.

           This Note may not be changed orally, but only by an agreement in
writing, signed by the party against whom enforcement of any waiver, change,
modification or discharge is sought.

           Anything herein to the contrary notwithstanding, the obligations of
Borrower under this Note and the Security Agreement shall be subject to the
limitation that payments of interest shall not be required to the extent that
receipt of any such payment by the Lender would be contrary to provisions of law
applicable to the Lender limiting the maximum rate of interest that may be
charged or collected by the Lender.

           All notices and demands given or made under this Note by Borrower or
the Lender to the other of them shall be deemed satisfied by written notice or
demand given or made in accordance with, and to the address of the Lender or
Borrower, specified in Section 18 of the Security Agreement.

           This Note and the rights and obligations of the parties hereunder
shall in all respects be governed by, and construed and enforced in accordance
with, the laws of the State of Ohio (without giving effect to Ohio's principles
of conflicts of law).

           This Note amends and restates the Demand Promissory Note dated
November 13, 2001, by Borrower to the Lender (the "Original Note"), in its
entirety, relates back to and has been executed and delivered to Borrower to

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the Lender in substitution for the Original Note in order to increase the Amount
of Note and to provide for certain modifications to the terms of the Original
Note as set forth herein.

           JURY WAIVER. BORROWER, TO THE EXTENT PERMITTED BY LAW, WAIVES ANY
RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN
CONTRACT, TORT, OR OTHERWISE, BETWEEN BORROWER AND THE LENDER ARISING OUT OF,
CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THIS NOTE OR ANY OTHER AGREEMENT,
INSTRUMENT OR DOCUMENT EXECUTED OR DELIVERED IN CONNECTION THEREWITH OR THE
TRANSACTIONS RELATED THERETO.

           The undersigned authorize any attorney-at-law to appear in any court
of record in Montgomery County, Ohio, or in any court of record in the
jurisdiction in which the undersigned against which or whom a judgment is then
sought may then reside, or in any court of record in any jurisdiction outside of
Ohio, after the indebtedness evidenced hereby becomes due, and waive the issuing
and service of process and confess judgment against the undersigned (or either
of them) in favor of the Lender for the amount then appearing due, together with
costs of suit and thereupon to release all errors and waive all rights of appeal
and stay of execution. The undersigned waive any conflict of interest in the
Lender's attorney confessing judgment against the undersigned (or either of
them) pursuant to the foregoing warrant of attorney and further agree that the
attorney confessing judgment pursuant to the foregoing warrant of attorney may
receive a legal fee or other thing of value from the Lender.

                     (Balance of Page Intentionally Omitted)

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           IN WITNESS WHEREOF, Borrower has executed and delivered this Note on
the day and year first above written.

"WARNING - BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT
TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU
WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT
FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR
RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT,
OR ANY OTHER CAUSE."

                                   SHOPSMITH, INC.,
                                   an Ohio corporation

                                   By: /s/ Robert Folkerth
                                       -----------------------------
                                       Robert L. Folkerth, President

Accepted this 3rd of July, 2002:

/s/ John R. Folkerth, Sr.
------------------------------
John R. Folkerth, Sr.

Exhibit A - Grid

                                      -4-EX 10.35 Employment Agreement of David G. Lucht

 

Exhibit 10.35

EMPLOYMENT AGREEMENT

     THIS AGREEMENT is effective this 16th day of May, 2002 by and between
FirstMerit Corporation, its subsidiaries and affiliates (“FirstMerit”) and
David G. Lucht (“Lucht”).

WITNESSETH:

	 	A.	 	WHEREAS, FirstMerit and Lucht desire to enter into a
relationship whereby Lucht will become employed by FirstMerit under
the terms of this Agreement as Executive Vice President and Chief
Credit Officer; and
	 
	 	B.	 	WHEREAS, as a condition of continued employment, FirstMerit
has required that Lucht agree to refrain from competing with
FirstMerit or disseminating or improperly using confidential
information of FirstMerit and Lucht is willing to make such a
commitment, in accordance with the provisions of this Agreement; and
	 
	 	C.	 	WHEREAS, FirstMerit and Lucht desire to enter into this
Agreement to provide for the continuation of Lucht’s services to
FirstMerit for a term certain.

     IN CONSIDERATION of the foregoing, the mutual covenants contained herein
and other good and valuable consideration, receipt of which is hereby
acknowledged, the parties agree as follows:

	 	1.	 	Employment Duties

     During the term of this Agreement, Lucht shall serve as Executive Vice
President and Chief Credit Officer. The Chairman and Chief Executive Officer
shall, from time to time and subject to modification at any time and at his
sole discretion, hereafter assign such responsibilities and duties as they may
deem appropriate. Lucht shall faithfully, diligently, competently, and to the
best of his ability, carry out those responsibilities and duties as assigned
from time to time by the Chairman of the Board and Chief Executive Officer of
FirstMerit.

	 	2.	 	Term of Agreement

     The term of this Agreement shall commence May 16, 2002, and shall continue
until December 31, 2005, unless such term is earlier terminated as hereinafter
provided. Lucht and FirstMerit agree that on January 1, 2006 Lucht shall
become an at will employee of FirstMerit. In the event of a Change in Control
during the term of this Agreement, employee shall receive the compensation and
benefits set forth in paragraph 3 and 4 below for the remainder of the term of
this Agreement. The term change in control shall be defined under the Change
in Control Agreement and Displacement Agreement between Lucht and FirstMerit of
even date. Any compensation and benefits to which Lucht is entitled under this
Agreement are in addition to any compensation and benefits to which he may be
entitled under the Change in Control Agreement and Displacement Agreement
between Lucht and FirstMerit.

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	 	3.	 	Compensation

     During the term of this Agreement, FirstMerit shall pay Lucht for his
services the sum of Nine Thousand Three Hundred Seventy-five Dollars
($9,375.00) paid semimonthly, subject to any salary increases that may occur
from time to time and at the sole discretion of FirstMerit. The semimonthly
amount to be paid hereunder shall be paid in accordance with FirstMerit’s
policies and shall be paid net of amounts withheld for federal, state or local
income taxes, FICA, and such other applicable amounts as may be required to be
paid during the term of this Agreement.

     Lucht shall also be eligible to participate in the bonus or other
incentive compensation plan or programs, and stock option grants, plans or
programs, offered or instituted by FirstMerit during the term of this
Agreement.

	 	4.	 	Employee Benefits

     During the term of this Agreement, Lucht shall be eligible to participate
in the following employee benefits from FirstMerit as applicable:

		
	 	     (a) Lucht shall be eligible to participate in such retirement,
medical, and other employee benefit plans as may be maintained by
FirstMerit during the term of this Agreement.

		
	 	     (b) Lucht shall be eligible to participant in the Executive Life
Insurance Program that FirstMerit may maintain during the term of this
Agreement. Lucht shall be personally obligated to pay any and all taxes
associated with this life insurance benefit.

		
	 	     (c) Lucht shall be granted stock options of FirstMerit common stock
in accordance with the Restricted Stock Award Agreement dated May 16,
2002. Any unexercised and outstanding stock options will vest and will be
exercisable in accordance with the terms of the Agreement.

		
	 	     (d) Lucht shall be eligible to participate in the Executive
Supplemental Retirement Plan (“SERP”). Such SERP benefits are defined in
the plan documents as may be amended from time to time at the discretion
of the FirstMerit Board of Directors.

		
	 	     (e) Lucht shall be eligible to participate in the FirstMerit
Executive Incentive Plan at performance levels established from time to
time by the FirstMerit Board of Directors.

	 	5.	 	Termination

		
	 	     (a) FirstMerit may terminate the employment of Lucht under the
Agreement without notice for Just Cause. Notwithstanding anything to the
contrary contained herein, it shall be considered Just Cause to terminate
the Lucht’s employment upon the happening of any of the following:

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	1.	 	
The retirement or death of Lucht;
	
	
	
	

	2.	 	
Felonious criminal activity whether
or not affecting the Employer;
	
	
	
	

	3.	 	
Disclosure to unauthorized persons of
Employer information which is considered by FirstMerit
to be confidential;
	
	
	
	

	4.	 	
Breach of any contract with, or
violation of any legal obligation to, the FirstMerit or
dishonesty; or
	
	
	
	

	5.	 	
Gross negligence or insubordination
in the performance of duties of the position held by the
Employee.

     In the event of termination by the FirstMerit for Just Cause, Lucht
shall not be entitled to receive salary or other benefits beyond the
date of termination.

		
	 	     (b) Upon termination of this Agreement pursuant to this paragraphs 2
or 6, the obligations of each of the parties hereunder shall expire as of
the date of such termination, including, without limitation, the
obligations of FirstMerit to pay any compensation to Lucht.

	 	6.	 	Trade Secrets and Confidential Information.

     Lucht acknowledges that, as Chief Credit Officer of FirstMerit
Corporation, he has had extensive access to and has acquired various
confidential information relating to the Business, including, but not limited
to, financial and business records, customer lists and records, business plans,
corporate strategies, information disclosed or discussed during any exit
conference, employee information, wage information, and related information and
other confidential information (collectively, the “Confidential Information”).
Lucht agrees that the Confidential Information is and will be of special and
unique value to FirstMerit. Lucht further acknowledges and covenants that, at
all times, the Confidential Information is the sole property of FirstMerit and
will constitute trade secrets and confidential information of FirstMerit, and
that his knowledge of the Confidential Information will enable him to compete
with FirstMerit in a manner likely to cause FirstMerit irreparable harm upon
the use or disclosure of such matters. Therefore, Lucht hereby irrevocably
covenants that he shall not, at any time after the date of this Agreement, use
or disclose to any third party, directly or indirectly, any of the Confidential
Information, except as permitted by this Agreement. Excluded from the
definition of Confidential Information is (a) information which is publicly
available, other than as a result of actions by Lucht in breach of this
Agreement; and (b) information which is disclosed by FirstMerit to third
parties on a non-confidential basis.

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	 	7.	 	Assignment

     This Agreement shall be binding upon the parties hereto, their respective
heirs, personal representatives, executors, administrators and successors;
provided, however, that no assignment or transfer of this Agreement by Lucht,
including assignment or transfer by operation of law, shall be valid without
the prior written consent of FirstMerit. FirstMerit may freely assign this
Agreement without Lucht’s consent.

	 	8.	 	Governing Law

     This Agreement shall be construed under and governed by the internal laws
of the State of Ohio and properly venued in Summit County, Ohio. In the event
that any provision of this Agreement shall be held to be void or unenforceable
by a court of competent jurisdiction, this Agreement shall not be rendered null
and void thereby but shall be construed and enforced as if such void or
unenforceable provision was not originally a part of this Agreement.

	 	9.	 	Entire Agreement

     This Agreement sets forth the entire agreement of the parties herein with
regard to the employment of Lucht and any oral or written statements,
representations, agreements or understandings made or entered into prior to or
contemporaneously with the execution of this Agreement, are hereby rescinded,
revoked and rendered null and void by the parties.

     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed this 16th day of May, 2002.

	 	 	 
	Witnesses:	 	
FIRSTMERIT CORPORATION
	 
	 	 	
By:          /s/ John R. Cochran

Its: Chairman and Chief Executive Officer
	 
	 	 	
/s/ David G. Lucht

David G. Lucht

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