Document:

Page 27 of 32

Exhibit 10.2

                            MORTGAGE PROMISSORY NOTE

         FOR VALUE RECEIVED,  RONSON CONSUMER  PRODUCTS  CORPORATION,  having an
office at 580 Howard  Avenue,  Somerset,  New Jersey 08875  ("Borrower")  hereby
promise  to pay to the order of NORTH FORK BANK,  a banking  corporation  of the
State of New York at its offices at 275  Broadhollow  Road,  Melville,  New York
11747 its successors and assigns  ("Mortgagee" or "Bank"),  the principal sum of
Two Million Two Hundred Thousand and 00/100  ($2,200,000.00)  Dollars,  together
with interest according to the following terms and conditions (the "Loan"):

         1.  INTEREST  RATE.  The  Borrower  shall pay the Bank  interest on the
             --------------
unpaid  principal  balance  of the Loan from the date of this Note at the annual
rate  (calculated  on the actual  number of days elapsed over a 360-day year) of
6.81% per annum (the "Interest Rate").

                  Coincident  with the closing of this Loan,  Borrower shall pay
an amount equal to the interest  which would accrue from said closing date until
the first day of the next succeeding month.

         2. TERM. The Loan shall mature on October 1, 2016 (the "Maturity Date";
            ----
the period from any date of reference to the Maturity Date being the "Term").

         3.  PAYMENTS.  The Borrower  shall pay principal and interest by making
             --------
payments  as follows  (which  payments,  unless  indicated  otherwise,  shall be
applied  first  to  fees,  then  to  accrued  interest  and  finally  to  unpaid
principal):

                  Borrower shall pay in consecutive  equal monthly  installments
of principal and interest the amount of  $23,239.36,  said payment  amount being
based  upon a twenty  five (25) year  amortization  schedule  and based upon the
annual interest rate of 6.81%.  One (1) final balloon payment of all outstanding
principal plus accrued interest shall be due and payable on the Maturity Date.

         Payments of principal and interest shall be paid by the Borrower on the
first (1st) day of each succeeding month  commencing  November 1, 2006 until the
Maturity Date, when the entire unpaid amount of fees,  interest and principal is
due.

         4.  Application  of  Payments.   Payments   received  under  this  Note
             -------------------------
(including  prepayments)  shall be applied first to accrued interest and then to
installments   of  principal,   in  inverse  order  of  their  maturity   dates.
Notwithstanding  the previous  sentence,  Mortgagee shall have the right, at its
sole  option,  to apply any payment  received  under this Note first to any late
fees, collection or other expenses to which Mortgagee may be entitled under this
Note,  the Mortgage (as defined  below) or any other Loan Document as defined in
the  Mortgage.  The making of any  partial  prepayment  shall not change

<PAGE>
                                                                   Page 28 of 32

the due dates or amounts of monthly installment  payments next becoming due, but
shall only change the  allocations of future  payments of interest and principal
based on such  prepayment  and produce  possibly an earlier  payoff date on this
Note.

         5. Late Fee. If any payment (including tax escrow payments,  if any) is
            --------
not received by Mortgagee  within ten (10) days following its due date,  without
limiting  any right or remedy  under this Note,  the  Mortgage or any other Loan
Document,  Mortgagee  may  charge a late fee equal to Four  Percent  (4%) of the
total amount overdue.

         6.  Prepayments.  The  Borrower  shall have the right upon no less than
             -----------
thirty(30)  days  prior  written  notice  to  prepay  the Loan in  multiples  of
$10,000.00  with  interest  computed  to the last day of the  month in which any
prepayment is made;  provided however,  that the Borrower shall pay a prepayment
premium equal to the Bank's loss of yield over the remaining Term, calculated as
follows:

                  (a) the excess,  if any, of the Interest Rate  hereunder  over
         the yield to maturity percentage for the United States Treasury Note or
         Bond closest in maturity to the remaining Term, as reported in the Wall
         Street Journal (or, if the Wall Street Journal is no longer  published,
         some  other  daily  financial   publication  or  national  circulation)
         multiplied by

                  (b)  the  principal  amount  to be  prepaid,  divided  by 360,
         multiplied  by the number of days from the date of such  prepayment  to
         the end of the Term,  but in no event less than  three (3%)  percent of
         the then outstanding principal balance to be prepaid.

         Notwithstanding  the foregoing,  during the last sixty (60) days of the
         Term the Borrower may prepay the Loan in full without penalty.

         7. Place and Manner of Payment. Payments under this Note are to be made
            ---------------------------
in United States currency at the offices of Mortgagee  listed in this Note or at
such other  location  designated by Mortgagee.  THE BORROWER  SHALL  MAINTAIN AN
ACCOUNT,  (ACCOUNT  #5384001540) WITH MORTGAGEE CONTAINING  SUFFICIENT AVAILABLE
FUNDS TO MAKE ANY PAYMENT WHEN DUE UNDER THIS NOTE.  WITHOUT LIMITING IN ANY WAY
MORTGAGEE'S  RIGHT OF SETOFF  AGAINST THE BORROWER,  MORTGAGEE IS AUTHORIZED AND
DIRECTED TO APPLY FUNDS IN THAT  ACCOUNT TO MAKE ANY SUCH  PAYMENTS  WITHOUT ANY
ADDITIONAL  AUTHORIZATION,  FROM, AND WITHOUT PRIOR NOTICE TO, THE  UNDERSIGNED.
Any delay by  Mortgagee  in  submitting a statement of any amount due under this
Note shall not relieve the Borrower of its duty to make timely payments.

         8. Collateral. This Note shall be secured by the following:
            ----------

         (i)  A  first  mortgage  lien  (the  "Mortgage")  on  real  estate  and
         improvements  at 3  Ronson  Road,  Township  of  Woodbridge,  Middlesex
         County, New Jersey (Lot 1.D and Block 367) (hereinafter  referred to as
         "Real Property");

         (ii) An assignment  to Bank of all of  Borrower's  rights in and to all

<PAGE>
                                                                   Page 29 of 32

         present and future rents and leases affecting the Real Property;

         (iii) A first position UCC-1 lien on all fixtures owned by the owner of
         the Real  Property  attached  to the Real  Property  and defined in the
         Mortgage; and

         (iv) A  Guaranty  (the  "Guaranty")  of Ronson  Corporation  and Ronson
         Aviation, Inc. (collectively, the "Guarantors").

         9. Defaults and Remedies.  Upon the occurrence and  continuation  of an
            ---------------------
Event of Default as defined  under this Note,  the Mortgage or any Loan Document
executed in connection with this Note, all sums outstanding under this Note may,
at Mortgagee's sole option,  become,  or may be declared to be,  immediately due
and payable in full,  and the Mortgagee may exercise any of its other rights and
remedies  as  set  forth  in the  Mortgage  and/or  all  other  Loan  Documents,
including,  without limitation,  the right to increase the interest rate on such
sums to the Default  Interest Rate.  Mortgagee's  delay or failure to accelerate
this Note or to exercise  any other  available  right or remedy shall not impair
any such right or  remedy,  nor shall it be  construed  to be a  forbearance  or
waiver.  The term "Default  Interest Rate" means a floating rate of five percent
(5%) in excess of the Interest Rate provided for in this Note.

         10.  Financial Reporting  Covenants.  Bank may further request at their
              ------------------------------
sole discretion from Borrower and Guarantors the following:

               d.   Annual  audit  report  for  financial  statements  of Ronson
                    Corporation  on a  consolidated  basis  within  90  days  of
                    year-end  and on a  consolidating  basis  within 120 days of
                    year-end;

               e.   Promptly  after  filing  thereof  with  the  Securities  and
                    Exchange   Commission,   quarterly  10Q  reports  of  Ronson
                    Corporation;  and financial statements on a consolidated and
                    consolidating basis within 45 days of quarter end; and

               f.   Quarterly  statement  from Borrower that it is in compliance
                    with the terms of the loan agreement  with CIT  Corporation,
                    in form reasonably satisfactory to Bank.

               In  the  event the form  and  substance of each item above is not
reasonably acceptable to the Bank, after the expiration of all applicable notice
and cure periods, Mortgagee may declare an Event of Default under this Note.

         11. New Jersey Law.  This Note shall be governed  by, and  construed in
             --------------
accordance  with,  the laws of the  State of New  Jersey.  The  Borrower  hereby
consents to personal jurisdiction in the State of New Jersey with respect to any
and all matters arising under or relating to this Note.

         12. Partial Invalidity. If any term or provision of this Note is at any
             ------------------
time held to be invalid by any court of competent  jurisdiction,  the  remaining
terms and provisions of this Note shall not be affected and shall remain in full
force and effect.

         13. Waivers. The Borrower hereby waives presentment,  demand,  protest,
             -------
notice of protest,  diligence  and all other  demands and notices in  connection

<PAGE>
                                                                   Page 30 of 32

with the payment and  enforcement of this Note.  THE BORROWER  HEREBY 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.

         14. Interest Limits. If any provision of this Note relating to the rate
             ---------------
of interest  violates any  applicable  law in effect at the time payment is due,
the interest rate then in effect shall be  automatically  reduced to the maximum
rate then  permitted  by law.  If for any  reason  Mortgagee  should  receive as
interest  an amount  that would  exceed the  highest  applicable  lawful rate of
interest,  the amount that would exceed that highest lawful rate shall be deemed
to be credited against principal and not to the payment of interest.

         15. Debt Service Covenant. This Note is subject to an annual testing of
             ---------------------
a minimum debt service  coverage ratio of 1.25x tested on a  consolidated  basis
for Ronson Corporation,  including Ronson Consumer Products Corporation,  Ronson
Aviation,  Inc. and Ronson Canada Ltd., as follows: (Net Profit + Depreciation +
Amortization + Interest Expense + Income Tax Expense -  Dividends/Distributions)
divided by (Annual  Principal  Payments + Capitalized  Lease Payments + Interest
Expense + Income  Taxes  Paid).  Capitalized  terms  under  this  Section 15 not
otherwise  defined  herein shall be  determined  in  accordance  with  generally
accepted accounting principle consistently applied. Borrower and Guarantors must
submit a Covenant  Compliance  Certificate  with  respect to each fiscal year in
whole or in part within the Term  annually  with the  submission  of each Annual
Consolidated  Statement under Section 10(a) hereof.  Failure of the Borrower and
Guarantors to meet this covenant will be deemed an Event of Default.

         16. Successors and Assigns.  This Note shall be binding on the Borrower
             ----------------------
and its successors and assigns,  and shall inure to the benefit of Mortgagee and
its  successors  and assigns.  The term  "Mortgagee" in this Note shall refer to
North Fork Bank or to any other future holder of this Note.

         17. Integration.  This Note and the other Loan Documents constitute the
             -----------
entire  agreement with the Bank with respect to the loan hereunder and supersede
all other  understandings with respect thereto,  including,  without limitation,
that certain Commitment Letter dated August 14, 2006.

         18.   Waiver  of  Rights  to  Freeze   Accounts;   Waiver  of   Setoff.
               ----------------------------------------------------------------
Notwithstanding  any other provision to the contrary  contained herein or in the
Mortgage or any other Loan Document,  Mortgagee shall not (and by its acceptance
of the Note  shall be deemed to  acknowledge  that it shall  not),  at any time,
hold, apply,  freeze or set-off on account of any Obligations (as defined in the
Mortgage), (i) funds of any Obligor (as defined in the Mortgage) on deposit with
Mortgagee,  or any affiliate of Mortgagee,  in any account, fund or certificate,
(ii) any present or future  indebtedness  that  Mortgagee,  or any  affiliate of
Mortgagee,  may owe to any Obligor,  or (iii) any other  tangible or  intangible
property owned by any Obligor that may be in the possession or under the control
of Mortgagee,  or any affiliate of Mortgagee.  Mortgagee acknowledges and agrees
that any other lender to any Obligor  (including,  without  limitation,  The CIT
Group/Commercial  Services,  Inc.)  shall be a  third-party  beneficiary  of the
provisions  of this  Section 18, and  specifically  that CIT has relied upon the
waivers set forth  herein in  connection  with its  consent to the  transactions
contemplated hereby.

<PAGE>
                                                                   Page 31 of 32

   [BALANCE OF THIS PAGE INTENTIONALLY LEFT BLANK - SIGNATURE PAGE TO FOLLOW]

<PAGE>
                                                                   Page 32 of 32

         IN  WITNESS  WHEREOF,  the  Borrower  has  caused  this Note to be duly
executed on the date first written above.

WITNESS:                                       RONSON CONSUMER PRODUCTS
                                               CORPORATION

/s/Daryl K. Holcomb                            /s/Louis V. Aronson II
-----------------------                        --------------------------
                                               Louis V. Aronson II
                                               President and Chief Executive
                                               OfficerEXHIBIT  10.1
                                                                  -------------
                           ASSIGNMENT AND BILL OF SALE

STATE OF WEST VIRGINIA

COUNTY OF WETZEL

         THIS  ASSIGNMENT  AND BILL OF SALE is made  this 8th day of  September,
2006,  by and between  Bay Oil  Company  LLC, a  Connecticut  Limited  Liability
Company,  and Lynrow  Associates LLC, a Connecticut  Limited  Liability  Company
(hereinafter   "Assignor")  and  Trans  Energy,   Inc.,  a  Nevada   Corporation
(hereinafter "Assignee").

         For and in consideration of the sum of ten dollars ($10.00),  and other
good and valuable consideration,  the receipt and sufficiency of which is hereby
acknowledged,  and subject to the conditions  hereinafter set out, Assignor does
hereby grant, bargain,  sell, transfer,  assign, convey and deliver to Assignee,
all its right, title and interest in the following  described leases,  wells and
equipment:

                              SEE ATTACHED EXHIBIT

         Further  assigning  rights  of ways and  roads  that may be  needed  to
maintain produce and abandon said wells.

         TO HAVE AND TO HOLD the Leases and Wells unto Assignee,  its respective
successors and assigns, forever.

         This  Assignment and Bill of Sale is made without  warranty of title to
the Well,  either  express or  implied.  TO THE EXTENT  THAT THE WELLS  ASSIGNED
HEREBY INCLUDES INTERESTS IN PERSONAL PROPERTY AND FIXTURES,  THIS ASSIGNMENT IS
MADE WITHOUT WARRANTIES,  EITHER EXPRESS OR IMPLIED, AND, SPECIFICALLY,  WITHOUT
WARRANTY AS TO MERCHANTABILITY, QUALITY OR FITNESS FOR A PARTICULAR PURPOSE, ALL
OF SUCH INTERESTS IN PERSONAL  PROPERTY AND FIXTURES BEING ASSIGNED  HEREIN ON A
"WHERE IS" AND "AS IS" BASIS.

         Assignee does hereby agree to become  responsible  for the plugging and
abandoning of the Wells  assigned  hereby and for any  reclamation  of the lands
after plugging and abandoning operations are completed, as of the Effective Time
of this  Assignment and Bill of Sale, and that at such time a Well is abandoned,
such will be  properly  plugged  in  accordance  with the  applicable  rules and
regulations of the State of West Virginia or other  jurisdictional  authorities,
if any,  effective  at that time the Wells is plugged  and  abandoned.  Further,
Assignor does hereby agree to transfer to Assignee any bond presently made by or
on behalf of Assignor  with the State of West  Virginia.  Assignee  does further
agree to  satisfy  any and all  statutory  requirements  and  other  obligations
including  all laws,  ordinances,  rules  and  regulations  (federal,  state and
municipal),  which exist or which may arise from the assignment of the Wells and
ownership thereof as of the Effective Time.

                                     -3-
<PAGE>

         This  Assignment  and Bill of Sale shall be  effective as of 7:00 a.m.,
Local time on September 8th, 2006, (the "Effective  Time"),  and all production,
revenue,  costs,  expenses and other  liabilities (the "Assets and Liabilities")
attributable  to the Wells  occurring  before the Effective Time shall belong to
Assignor,  and all Assets and  Liabilities  occurring  after the Effective  Time
shall belong to Assignee.  Assignor shall own all oil in tankage attributable to
the Wells as of the Effective Time. Such production will be marketed by Assignee
who shall account to Assignor for Assignor's  share of such net proceeds  within
30 days of the date such  production  is so marketed  and sold.  For purposes of
allocation of routine production costs, and expenses,  it is stipulated that the
production  income shall be determined on the basis of deliveries to purchasers,
and expenses  shall be determined on the basis of monthly  billing by operators.
Assignee  hereby agrees that it has  inspected  the Wells  assigned and conveyed
herein and that it accepts  the same in its  present  condition.  Upon  Assignee
submitting  written  documentation  to  Assignor  evidencing  full  agencies  to
designate  Assignee as Operator,  Assignee hereby agrees to assume operations of
and all  responsibility  and  liability  for  (including,  but not  limited  to,
plugging  responsibilities)  said Wells,  the casing,  leasehold  equipment  and
personal  property in and on said Well from the effective  date of such transfer
of operations.

         Notwithstanding  anything  contained  herein to the contrary,  Assignee
agrees to protect,  defend,  indemnify and hold Assignor and its employees  free
and harmless  from and against any and all costs,  expenses  (including  but not
limited to reasonable  attorney fees),  claims,  demands and causes of action of
every kind and character  arising out of, incident to, or in connection with the
Wells,  or arising  directly or  indirectly  from  Assignee's  or other  party's
operations of the Wells. Assignee assumes full responsibility for, and agrees to
indemnify,  hold  harmless  and  defend  Assignor  from and  against  all  loss,
liability,  claims,  fines,  expenses,  costs  (including  attorney's  fees  and
expenses) and causes of action caused by or arising out of any federal, state or
local laws,  rules,  orders and regulations  applicable to any waste material or
hazardous  substances on or included  with the Wells or the presence,  disposal,
release or threatened release of waste material or hazardous  substance from the
Wells into the  atmosphere  or into or upon land or any water  course or body of
water,  including  ground  water,  whether  or not  attributable  to  Assignor's
activities or the activities of Assignor's officers,  employees or agents, or to
the activities of third parties (regardless of whether or not Assignor was or is
aware of such  activities)  prior to,  during or after the period of  Assignor's
ownership  of the Wells.  This  indemnification  and  assumption  shall apply to
liability for voluntary  environmental  response actions undertaken  pursuant to
the Comprehensive Environmental Response Compensation and Liability Act (CERCLA)
or nay other federal, state or local law.

         Assignor shall be responsible  for payment of all taxes relating to the
Wells prior to the Effective Time.  Assignee shall be responsible for payment of
all taxes relating to the Wells from and after the Effective Time. Regardless of
when  assessed  or due,  ad  valorem  and all other  taxes  based on  production
attributable  to the Wells shall be the  obligation of the party entitled to the

                                      -4-

<PAGE>

production  during the period on which  such tax is based.  Taxes  payable on an
annual basis shall be prorated between Assignor and Assignee as of the Effective
Time. If  applicable,  all sales taxes related to the sale of the Wells assigned
hereby shall be borne and paid by Assignee.

         This Assignment and Bill of Sale shall be binding upon and inure to the
benefit  of  Assignor  and  Assignee,  their  respective  successors,   personal
representatives,  heirs,  devisees,  and assigns,  forever.  Assignor  agrees to
execute  any  additional  documents  necessary  to carry  out the  terms of this
agreement.

         IN WITNESS  WHEREOF,  this  Assignment  and Bill of Sale is executed on
________________, effective however, at the Effective Time.

                             ASSIGNOR:

                             BAY OIL COMPANY, LLC

                             By:  /s/ Thomas E. O'Donnell
                                  ----------------------------------------------
                                   Thomas E. O'Donnell

                             Its: ________________________________

                             LYNROW ASSOCIATES, LLC

                             By:  /s/ Lynn L. O'Donnell
                                  ----------------------------------------------
                                   Lynn L. O'Donnell

                             Its:   _______________________________

                             ASSIGNEE:

                             TRANS ENERGY, INC.

                             By:  /s/ William Woodburn
                                  ----------------------------------------------
                             Its: Chief Operating Officer and Director

                                      -5-
STATE OF __________________  )
                             ) SS
COUNTY OF ________________   )

     The  foregoing  instrument  was  acknowledged  before me this  _____ day of
____________,  2006,  by  _______________,   _______________________,   Bay  Oil
Company, LLC on behalf of said corporation.

My Commission Expires:

---------------------                       ------------------------------------
                                                                   Notary Public

STATE OF __________________  )
                             ) SS
COUNTY OF ________________   )

     The  foregoing  instrument  was  acknowledged  before me this  _____ day of
____________,   2006,  by   _______________,   _______________________,   Lynrow
Associates, LLC on behalf of said corporation.

My Commission Expires:

---------------------                       ------------------------------------
                                                                   Notary Public

STATE OF __________________  )
                             ) SS
COUNTY OF ________________   )

     The  foregoing  instrument  was  acknowledged  before me this  _____ day of
____________, 2006, by _______________,  _______________________,  Trans Energy,
Inc. on behalf of said corporation.

My Commission Expires:

---------------------                       ------------------------------------
                                                                   Notary Public

                                      -6-

This  instrument  prepared by Richard L.  Starkey,  Attorney At Law,  914 Market
Street, Suite 302, Parkersburg, West Virginia.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]