Document:

<PAGE>

                                                                    Exhibit 4.13

                                  DEMAND NOTE
                                  -----------

$100,000.00

                                                                   March 8, 2001

FOR VALUE RECEIVED, AP HOLDINGS INC., a Delaware Corporation, (the "Borrower"),
hereby promises to pay to Facto Capital Corporation (the "Lender"), or its
successors or assigns, the principal sum of One Hundred Thousand Dollars
($100,000) on demand, and to pay interest on said principal amount, from the
date hereof until the payment of said principal amount, computed at a rate per
annum which shall be the Prime Lending Rate plus two and one-half percent
(2.5%); provided that if the Borrower fails to pay an amount of principal of, or
interest on, this Note when due, the Borrower agrees to pay interest on such
overdue amount at a rate per annum which shall be the Prime Lending Rate plus
three and one-half percent (3.5%). Interest shall accrue from and including the
date hereof to the date of repayment thereof and shall be payable at the time of
any prepayment as provided below, on demand. Interest will be computed on the
basis of a 360-day year of twelve 30-day months. For purposes of this Note,
"Prime Lending Rate" shall mean the rate of interest adopted by Christiania Bank
OG Kreditkasse ASA, acting through its New York branch from time to time as its
prime rate for extensions of credit in United States Dollars (which shall be a
base or reference rate and not necessarily the lowest rate offered by
Christiania Bank OG Kreditkasse ASA for commercial loans). Each change in any
interest rate hereunder based on the Prime Lending Rate shall take effect when
and as the Prime Lending Rate changes.

     All payments of principal and interest on this Note shall be made in United
States Dollars.

     The Borrower may prepay the principal of this Note, without premium or
penalty, in whole, but not in part, upon 3 days' prior written notice to the
holder of this Note. Prepayment hereunder shall be accompanied by accrued and
unpaid interest on the principal amount of this Note to the date of prepayment.

     Should any action be instituted for the collection of this Note, the
reasonable costs and attorneys' fees therein of the holder shall be paid by the
Borrower.

     The terms of this Note are subject to amendment only in writing signed by
the Borrower and the Lender.

     The Borrower shall pay all reasonable out-of-pocket expenses incurred by
the Lender, including reasonable fees and disbursements of counsel for the
Lender in connection with this Note.

<PAGE>

     THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS
PRINCIPLES. Any judicial proceeding brought, or any dispute, arising out of this
Note or any matter related hereto may be brought in the courts of the State of
New York or in the United States District Court for the Southern District of New
York, and, by execution and delivery of this Note, the Borrower accepts the
jurisdiction of said courts, and irrevocably agrees to be bound by any judgment
rendered thereby in connection with this Note. The foregoing consent to
jurisdiction shall not be deemed to confer rights on any person other than the
respective parties to this Note.

                                       2
<PAGE>

     IN WITNESS WHEREOF, the Borrower has duly executed this Note as of the date
first written above.

                                        AP HOLDINGS, INC.

                                        By:    /s/  Gunnar Klintberg
                                              ----------------------------
                                        Name:  Gunnar Klintberg
                                        Title: Director and Vice President

                                                                               .
                                       3<PAGE>
                                                                    Exhibit 4.14

                                  DEMAND NOTE
                                  -----------

$150,000.00
                                                                  March 12, 2001

FOR VALUE RECEIVED, AP HOLDINGS INC., a Delaware Corporation, (the "Borrower"),
hereby promises to pay to Facto Capital Corporation (the "Lender"), or its
successors or assigns, the principal sum of One Hundred Fifty Thousand Dollars
($150,000) on demand, and to pay interest on said principal amount, from the
date hereof until the payment of said principal amount, computed at a rate per
annum which shall be the Prime Lending Rate plus two and one-half percent
(2.5%); provided that if the Borrower fails to pay an amount of principal of, or
interest on, this Note when due, the Borrower agrees to pay interest on such
overdue amount at a rate per annum which shall be the Prime Lending Rate plus
three and one-half percent (3.5%). Interest shall accrue from and including the
date hereof to the date of repayment thereof and shall be payable at the time of
any prepayment as provided below, on demand. Interest will be computed on the
basis of a 360-day year of twelve 30-day months. For purposes of this Note,
"Prime Lending Rate" shall mean the rate of interest adopted by Christiania Bank
OG Kreditkasse ASA, acting through its New York branch from time to time as its
prime rate for extensions of credit in United States Dollars (which shall be a
base or reference rate and not necessarily the lowest rate offered by
Christiania Bank OG Kreditkasse ASA for commercial loans). Each change in any
interest rate hereunder based on the Prime Lending Rate shall take effect when
and as the Prime Lending Rate changes.

          All payments of principal and interest on this Note shall be made in
United States Dollars.

          The Borrower may prepay the principal of this Note, without premium or
penalty, in whole, but not in part, upon 3 days' prior written notice to the
holder of this Note. Prepayment hereunder shall be accompanied by accrued and
unpaid interest on the principal amount of this Note to the date of prepayment.

          Should any action be instituted for the collection of this Note, the
reasonable costs and attorneys' fees therein of the holder shall be paid by the
Borrower.

          The terms of this Note are subject to amendment only in writing signed
by the Borrower and the Lender.

          The Borrower shall pay all reasonable out-of-pocket expenses incurred
by the Lender, including reasonable fees and disbursements of counsel for the
Lender in connection with this Note.

<PAGE>

          THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS
PRINCIPLES. Any judicial proceeding brought, or any dispute, arising out of this
Note or any matter related hereto may be brought in the courts of the State of
New York or in the United States District Court for the Southern District of New
York, and, by execution and delivery of this Note, the Borrower accepts the
jurisdiction of said courts, and irrevocably agrees to be bound by any judgment
rendered thereby in connection with this Note. The foregoing consent to
jurisdiction shall not be deemed to confer rights on any person other than the
respective parties to this Note.

                                       2
<PAGE>

          IN WITNESS WHEREOF, the Borrower has duly executed this Note as of the
date first written above.

                                    AP HOLDINGS, INC.

                                    By: /s/ GUNNAR KLINTBERG
                                       ----------------------------
                                    Name: Gunnar Klintberg
                                    Title: Director & Vice President

                                       3<PAGE>

                                                                EXECUTION COPY
                                                                --------------

                                                                 Exhibit 10.26

==============================================================================

                             MANAGEMENT AGREEMENT

                           Dated as of March 5, 2001

                                By and Between

                               AP HOLDINGS, INC.

                                      and

                           HOLBERG INDUSTRIES, INC.

==============================================================================

<PAGE>

                               TABLE OF CONTENTS
                               -----------------

<TABLE>
<CAPTION>

<S>                                                                       <C>
                                                                           Page
                                                                           ----
ARTICLE I
                MANAGEMENT...................................................1
     Section 1.1 Appointment.................................................1
     Section 1.2 Scope of Services...........................................1
     Section 1.3 Payment.....................................................2
     Section 1.4 Investment Banking..........................................3

ARTICLE II
                CAPACITY; EXCLUSIVITY........................................3
     Section 2.1 Capacity; No Liability......................................3
     Section 2.2 Exclusivity.................................................4

ARTICLE III
                TERMINATION..................................................4
     Section 3.1 Termination.................................................4

ARTICLE IV
                MISCELLANEOUS................................................5
     Section 4.1 Notices.....................................................5
     Section 4.2 Governing Law...............................................6
     Section 4.3 Counterparts................................................6
     Section 4.4 Amendments..................................................6
     Section 4.5 Entire Agreement............................................6
     Section 4.6 Captions....................................................6
</TABLE>

                                      (i)

<PAGE>

                             MANAGEMENT AGREEMENT

      MANAGEMENT AGREEMENT ("this Agreement") dated as of March 5, 2001 by and
between AP Holdings, Inc., a Delaware corporation (the "Company") and Holberg
Industries, Inc., a Delaware corporation (the "Manager").

                              W I T N E S S E T H:

     WHEREAS, the Company desires to have the Manager provide certain management
services; and

     WHEREAS, the Manager desires to provide such services.

     NOW, THEREFORE, IT IS AGREED:

                                   ARTICLE I

                                  MANAGEMENT

     Section 1.1 Appointment. The Company hereby appoints the Manager as its
manager on the terms and conditions hereinafter set forth and the Manager hereby
accepts such appointment.

     Section 1.2 Scope of Services. In relation to each of the Company and each
of its Subsidiaries (as defined below), the Manager shall to the extent
reasonable and necessary:

     (i)    provide such number of non-executive members of the Board of
            Directors of the Company, including the Chairman, if so requested,
            as is required to ensure efficient management and control of the
            Company, such Directors undertaking such functions as are customary
            for non-executive Directors;

     (ii)   take steps and planning measures to ensure at all times employment
            of an efficient and professional management team;

     (iii)  assist in determining the strategic direction of the Company;

     (iv)   to the extent it considers necessary or desirable in the interest of
            the Company and/or its Subsidiaries, retain professional advisors
            and consultants, including, without limitation, auditors, legal
            advisors and attorneys, financial advisors, etc., to perform such
            expert services as are not included by the preceding and as are not
            reasonably incidental thereto;

<PAGE>

               (v)    assist in determining the Company's capital structure,
                      maintaining normal relationships with financing sources,
                      and arranging necessary financing, including negotiation
                      of financing documentation;

               (vi)   search for, evaluate and present new investment
                      opportunities; and

               (vii)  establish and maintain contacts with existing and
                      potential equity investors and other sources of capital.

For purposes of this Agreement, the term "Subsidiary" shall mean, with respect
to any Person, any corporation, association or other business entity of which
more than 50% of the total voting power of shares of capital stock or other
equity interests entitled (without regard to the occurrence of any contingency)
to vote in the election of directors or other managing authority thereof is at
the time owned or controlled, directly or indirectly, by such Person or any of
its Subsidiaries and "Person" shall mean and include an individual, partnership,
joint venture, corporation, trust, unincorporated organization and a
governmental or other department or agency thereof.

               Section 1.3 Payment. In consideration of the foregoing services,
commencing on January 1, 2001, the Manager shall be entitled to receive an
annual management fee, payable in cash quarterly in advance not later than 10
days after the end of each quarter, in an amount equal to the greater of (a) one
percent (1%) of Invested Capital (as defined below) and (b) US$2,000,000;
provided, however, that

               (i)    neither the Manager nor any of its employees shall be
                      entitled to any further fees or emoluments by reason of
                      Board participation or otherwise in connection with
                      rendering such management services, and to the extent the
                      Company or any of its Subsidiaries shall make any such
                      payment, the gross aggregate amount thereof shall be
                      deducted from the aforementioned fee, including, without
                      limitation, payments made (if any) to any of the Manager's
                      officers or employees who are employed directly by the
                      Company;

               (ii)   the Manager shall be entitled to reimbursement from the
                      Company for travel expenses reasonably incurred in
                      performing its services hereunder, equitably shared if
                      attributable in part to such services and in part to other
                      activities, provided that the Manager shall seek to
                      invoice the Subsidiary to which such expenses are
                      attributable; and

               (iii)  to the extent the Manager has paid for any services as
                      referred to in paragraph (iv) of the preceding Section
                      1.2, the Manager shall be entitled to prompt
                      reimbursement, but shall seek to apportion such expenses
                      to the Subsidiary to which they are attributable.

For purposes of this Agreement, "Invested Capital" shall mean (a) the sum of (i)
aggregate stockholders' equity (less retained earnings), (ii) aggregate
indebtedness (including, without

                                      -2-
<PAGE>

limitation, obligations under capital leases, but excluding trade payables and
similar items) and (iii) the cumulative change in retained earnings from and
after January 1, 2001 minus (b) cash and cash equivalents, each of which in (a)
and (b) above shall be calculated on a consolidated basis for the Company and
all of its Subsidiaries and shall be measured as of December 31 of each year or
such other date as is agreed between the parties.

     Section 1.4 Investment Banking. While the preceding services do not include
investment banking activities, the Company and its Subsidiaries may from time to
time retain the Manager to perform investment banking services in connection
with all debt and equity transactions, acquisitions and disposals, including
mergers and demergers, and similar transactions; provided that:

     (i)    in the case of the Company and its wholly owned Subsidiaries, if the
            Board of Directors of the Company determines that the Manager be
            lacking in expertise or capacity so as to provide a professionally
            satisfactory service, it shall to such extent be entitled not to
            appoint the Manager to perform such services;

     (ii)   in the case of each Subsidiary that is less than wholly owned, after
            having considered retaining the Manager, the board of directors or
            other decision-making portion of such Subsidiary shall be entitled
            not to appoint the Manager to perform such services, if this is
            considered by such decision makers to be in such Subsidiary's
            best interest;

     (iii)  the Manager shall be entitled to decline such appointment, but only
            prior to commencement of such services; and

     (iv)   other than as reimbursement from time to time agreed for out-of-
            pocket expenses, the Manager shall only be remunerated for its
            services if the transaction to which they relate is consummated, and
            then on such basis as is customary and reasonable for the type of
            transaction in question in the relevant market, as determined by the
            Board of Directors of the Company, or, in the case of a Subsidiary
            that is less than wholly owned by the Company or one of its wholly
            owned Subsidiaries, the board of directors or other decision-making
            party of such Subsidiary.

                                  ARTICLE II

                             CAPACITY; EXCLUSIVITY

     Section 2.1 Capacity; No Liability. In performing its services hereunder,
the Manager shall to reasonable extent ensure that it shall at all times have
adequate expertise and capacity to perform such services in a professionally
satisfactory manner, provided that:

                                      -3-

<PAGE>

               (i)    if the Manager shall at any time have inadequate expertise
                      and/or capacity, the Manager shall be entitled to
                      attribute priority and allocate available expertise and
                      capacity in such manner as it considers fair and
                      reasonable, as if all functions to be performed for the
                      Company, its Subsidiaries, the Manager's own activities
                      and other clients of the Manager were to be performed for
                      the same principal; and

               (ii)   absent gross negligence and willful misconduct, the
                      Manager shall have no liability of whatsoever nature to
                      the Company and/or its Subsidiaries in connection with
                      rendering services hereunder or otherwise in connection
                      herewith, and the Company shall on a continuing basis, as
                      and when required by the Manager, to the fullest extent
                      save and render the Manager harmless against all liability
                      and cost which any third party may seek to impose on the
                      Manager by reason of its functions hereunder for the
                      Company and its Subsidiaries, subject to the Manager from
                      time to time rendering a full account as to such liability
                      and cost, such that the Company shall ultimately only bear
                      such net liability and cost, without deduction for any
                      counterclaim that the Manager may successfully make on its
                      own behalf.

               Section 2.2 Exclusivity.  The Manager shall for the duration
hereof refrain from conducting activities on its own behalf or on behalf of
others, which are similar to those of the Company and its Subsidiaries, unless
the Manager shall reasonably consider that no conflicting interest would arise
by reason of such conduct.

                                  ARTICLE III

                                  TERMINATION

               Section 3.1 Termination. This Agreement shall terminate on
December 31, 2012; provided, however, that this Agreement shall be
automatically renewed for one additional five-year term terminating on December
31, 2017 unless either party hereto gives the other party written notice no
later than June 30, 2012 of its intention to terminate this Agreement.
Notwithstanding anything in the foregoing to the contrary, this Agreement may be
terminated:

               (i)    by the Company, if the Manager shall fail to perform its
                      obligations hereunder in such manner as shall constitute
                      willful misconduct or gross negligence;

               (ii)   by the Company, if the Manager shall be rendered incapable
                      of performing its functions hereunder and the Company
                      shall reasonably anticipate that such total incapacity
                      will endure for a period of at least three months;

                                      -4-
<PAGE>

          (iii) by either party, if the other party shall be adjudicated as
                insolvent by a competent court of first instance, or shall admit
                its general inability to discharge its obligations as and when
                they fall due to be discharged, or shall generally cease so to
                discharge its obligations, or shall otherwise become insolvent;
                or

          (iv)  by either party upon giving the other party six (6) months'
                written notice;

          but not for any other reason.

                                  ARTICLE IV

                                 MISCELLANEOUS

          Section 4.1 Notices. All notices, consents, requests, instructions,
approvals and other communications provided for herein and all legal process in
regard hereto shall be validly given, made or served, if in writing and
delivered by personal delivery, overnight courier, telecopier or registered or
certified mail, return-receipt requested and postage prepaid addressed as
follows:

          If to the Company, to:

               AP Holdings, Inc.
               900 North Michigan Avenue
               Suite 1600
               Chicago, Illinois 60611

               Attention: Chief Financial Officer
               Fax: (312) 640-6160

          If to the Manager, to:

               Holberg Industries, Inc.
               545 Steamboat Road
               Greenwich, CT

               Attention: Chief Financial Officer
               Fax: (203) 661-5756

          And all correspondence with a copy to:

                                      -5-
<PAGE>

               White & Case LLP
               1155 Avenue of the Americas
               New York, NY 10036

               Attention: Timothy B. Goodell, Esq.
               Fax: (212) 354-8113

or to such other address as any such party hereto may, from time to time,
designate in writing to the other party hereto, and any such communication shall
be deemed to be given, made or served as of the date so delivered or, in the
case of any communication delivered by mail, as of the date so received.

          Section 4.2 Governing Law. The interpretation and construction of this
Agreement, and all matters relating hereto, shall be governed by the laws of the
State of New York applicable to agreements executed and to be performed solely
within such State.

          Section 4.3 Counterparts. This Agreement may be executed in two or
more counterparts, all of which taken together shall constitute one instrument.

          Section 4.4 Amendments. This Agreement may be changed or terminated
and any provision of this Agreement can be waived, amended, supplemented or
modified only by written agreement of the Company and the Manager.

          Section 4.5 Entire Agreement. This Agreement contains the entire
agreement between the parties hereto with respect to the subject matter hereof
and supersedes all prior arrangements or understandings (whether written or
oral) with respect thereto.

          Section 4.6 Captions. The Article and Section captions used herein are
for reference purposes only and shall not in any way affect the meaning or
interpretation of this Agreement.

                           [Signature page follows]

                                      -6-
<PAGE>

          IN WITNESS WHEREOF, each of the parties hereto has caused its name to
be hereunto subscribed by its representative thereunto duly authorized all as of
the day and year first above written.

                                  HOLBERG INDUSTRIES, INC.

                                  By:
                                      ------------------------------------------
                                      Name:  Gunnar Klintberg
                                      Title: Secretary

                                  AP HOLDINGS, INC.

                                  By:
                                      ------------------------------------------
                                      Name:  John V. Holten
                                      Title: President & Chief Executive Officer

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