Document:

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                                                                    Exhibit 10.2

June 8, 2004

Mr. Brian Tierney
1020 Rock Creek Road
Bryn Mawr, Pa. 19010

Dear Brian:

This letter is intended to reflect the terms we have been discussing for your
joining us on a full time basis as a member of the Office of the Chair of
Advanta Corp.

1. POSITION. Vice Chairman of Advanta. Corp.

2. START DATE. Your Start Date will be on or about July 1, 2004.

3. BASE SALARY. Your Base Salary will be $595,000 per annum.

4. ANNUAL BONUS. You will be eligible to participate in the Company's Management
Incentive Plan ("AMIP") at the "A" level. As such, you will have a target bonus
of 75% of Base Salary. As a member of the Office of the Chair, a stock election
will automatically be applicable with respect to the target portion of your AMIP
bonus

5. RESTRICTED STOCK. You will be granted 200,000 restricted shares of Advanta
Class B Common Stock ("Grant Shares") on your Start Date, Fifty thousand shares
will vest on each of the first four anniversaries of your employment. When
shares vest they will be registered shares freely tradable by you free of
restrictions, subject, of course, to applicable law. You will be entitled to all
dividends on the shares from the time they are issued in you in restricted form.

6. OPTIONS. You will be granted options on 100,000 shares of Advanta Class B
Common Stock, exercisable at the closing price on your Start Date, except as
noted below ("Initial Option Grant"). Options on Twenty-five thousand shares
will vest on each of the first four anniversaries of your employment. You will
also be eligible for annual option grants under the Company's option plan at the
discretion of the Board of Directors. The option guidelines for members of the
Office of the Chair are annual grants in the 75,000 to 125,000 range. The
Initial Option Grant is in lieu of the option grant provided for in the March 19
agreement between T2 Group, its personnel and Advanta, but the exercise price on
the options to vest with respect to the purchasing the first 50,000 shares will
not be above the closing price on March 19, 2004.

7. ACCELERATED VESTING. There will also be accelerated vesting of all Grant
Shares and all unvested options from the Initial Option Grant in the case of
Change of Control, as defined in Advanta's Stock Option Plan or if your
employment ceases for any reason other than your choice or Cause, as defined
below. If you cease to be employed by Advanta under any of the

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circumstances set forth above giving rise to accelerated vesting you will have
one year from the cessation of employment to exercise all of the Intial Grant
Options which are vested after the accelerated vesting, except in the case of
Change of Control. In the case of Change of Control the exercise periods will be
those set by the Board for general application in the Company under the Option
Plan.

8. BENEFITS. The Company will acquire a $5,000,000 life insurance policy on your
life, the full premium of which is paid by Advanta during your employment and
the beneficiary of which is named by you. You will be entitled to a car and the
company will pay for one club membership. In addition, Advanta provides a broad
range of health, medical, disability and other benefits to which you will be
entitled in accordance with the applicable plans.

9. T2 . You will cease to be employed by T2 Group prior to your Start Date. A
subsidiary of Advanta will purchase all of the assets of T2 Group on or before
July 31, 2004. The purchase price will be $2,000,000 plus the face amount of the
accounts receivable, after allowance for any uncollectible receivables, at the
time of the asset purchase, or $830,000 whichever is less. The purchase price
will be paid in the following manner:

      (a). Advanta's subsidiary will assume or repay up to $800,000 of any
      outstanding portion of T2 presently outstanding bank debt that is
      outstanding at the closing.

      (b). $100,000 will be payable on the last day of the month from August to
      December, 2004 and the balance will be payable in three equal installments
      on the second, third, and fourth anniversaries of your employment.

All payments on account of the purchase price are conditioned upon your being
employed by Advanta at the time of the payment or having ceased to be employed
by the Company under circumstances that entitle you to accelerated vesting of
the Grant Shares and Initial Option Grant. There will be an appraisal of the T2
Group's business by a mutually agreed upon appraiser and the purchase is
conditioned upon confirmation that the purchase price does not exceed the value
of the T2 assets, assuming they were sold as a going concern with you providing
the type of covenant not to compete common for such a purchase and without
attributing any value to the future work from Advanta.. In that regard, you will
agree, in connection with the purchase of T2's assets, not to compete in the
business that T2 Group has engaged in, obviously, while you are employed by
Advanta, and, if you should cease to be employed by Advanta under circumstances
that do not entitle you to Accelerated vesting of the Grant Shares and the
Initial Option Grant, for 18 months after ceasing to be employed by Advanta or
for three years after the purchase, whichever is earlier. We will make offers to
all T2 personnel to whom you wish to have offers made.

10. NO RESTRICTIONS. You have assured us that there are no restrictions to which
you are a party that would restrict you in performing your job for Advanta, or
limit Advanta from engaging in any activity.

11. BUSINESS ETHICS AGREEMENT. Our Company's policy requires delivery, prior to
beginning work, of an executed copy of the enclosed Business Ethics Agreement as
a condition of employment.

12. MISCELLANEOUS. Cause, for purposes of this letter, shall mean your
commission of a felony, or of any act of fraud, misappropriation or criminal
conduct involving or relating in any material way to the Company, or of personal
dishonesty materially injurious to the Company, or your willful refusal to
perform a material and substantial part of your duties which has

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not been cured after 30 days written notice of the failure. Your salary and
bonus for 2004 will be prorated based on the portion of the year that you are
employed. The agreement between T2 Group, its personnel, and Advanta dated March
19, 2004 will be terminated effective at the close of business the day before
your Start Date, except the provisions of Paragraph 7 will remain in effect. The
laws of the Commonwealth of Pennsylvania will govern your employment
arrangements and the purchase of T2 Group's assets.

Assuming this accurately reflects our understanding, please sign and return the
enclosed copy of this letter where indicated. As you know this is subject to the
approval of the Compensation Committee, Audit Committee and the Board of
Directors of Advanta Corp., and the next step is for us to submit it to them for
consideration at the June 9 meeting.

Brian, we can't tell you how pleased we are that you are joining us as a member
of the Office of the Chair and can't wait to pursue together the wonderful
opportunities ahead.

Sincerely,

/s/ Dennis Alter
Accepted and agreed to
this 8th day of June, 2004.

/s/ Brian Tierney<PAGE>

                                                                    Exhibit 10.3

                              RELOCATION AGREEMENT

      THIS RELOCATION AGREEMENT (this "Agreement") is made as of May 20, 2004 by
and between ADVANTA CORP., a Delaware corporation ("Advanta"), having an address
at Welsh and McKean Roads, Spring House, Pennsylvania 19477, and JOHN F. MOORE,
an individual ("John"), having an address at c/o Advanta Bank Corp., Welsh and
McKean Roads, Spring House, Pennsylvania 19477.

                                   BACKGROUND

      A. John is President of Advanta Bank Corp., an affiliate of Advanta. In
connection with his presidency of Advanta Bank Corp., Advanta has asked John to
establish and maintain his principal residency in Utah and in return has agreed
to (i) pay John a relocation payment for certain expenses related to his
relocation to Utah, (ii) reimburse John for amounts borrowed under a home equity
line of credit that he uses to pay for certain expenses relating to the
maintenance of his residence in Utah and (iii) under certain circumstances
described below, purchase John's Utah residence.

      B. John has signed an agreement of sale to purchase certain real property
located in Salt Lake County, Utah, and known as 3160 East Old Ridge Circle (the
"Property"), which is more particularly described in Exhibit "A" attached
hereto.

      C. Advanta and John now wish to enter into this Agreement in order to set
forth their mutual understanding regarding the foregoing.

      NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound,
John and Advanta hereby agree as follows:

      1. Relocation Payment.

            (a) In order to assist John in purchasing the Property, which John
shall use as his principal residence, Advanta has agreed to pay to John the sum
of One Hundred Fifty-Seven Thousand Five Hundred Dollars ($157,500) as a
relocation payment (the "Relocation Payment"), plus an additional sum equal to
the amount of John's income tax liability for the Relocation Payment.

            (b) A Seventy-Three Thousand Two Hundred Dollar ($73,200) portion of
the Relocation Payment (the "Equity Amount") has been paid by Advanta to John at
the time of the signing of this Agreement, the receipt of which is hereby
acknowledged by John. The Equity Amount shall be used by John to pay that
portion of the purchase price for the Property that exceeds the amount of John's
First Mortgage Loan (hereinafter defined). If for any reason John does not
purchase the Property on or before June 1, 2004, John shall promptly return the
Equity Amount to Advanta.

            (c) The balance of the Relocation Payment (i.e., the Relocation
Payment less the Equity Amount, which balance is hereinafter called the
"Relocation Payment Balance"), plus

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the additional sum equal to the amount of John's income tax liability for the
Relocation Payment, shall be paid to John by Advanta on the date of settlement
for John's purchase of the Property.

            (d) The Relocation Payment Balance shall be used by John for the
payment of the following expenses (collectively, the "First Year Expenses")
during the one-year period between the Effective Date and the first anniversary
of the Effective Date: (1) regularly scheduled payments of principal and
interest on John's First Mortgage Loan (hereinafter defined), (2) his costs of
maintaining the Property, including, for example, the payment of repair bills,
condominium fees, taxes, insurance and utility bills, as mutually agreed by John
and Advanta from time to time, and (3) his miscellaneous costs of initially
preparing the Property for his occupancy, as mutually agreed by John and Advanta
from time to time.

            (e) As soon as reasonably possible after the first anniversary of
the Effective Date, John and Advanta shall mutually determine the aggregate
total amount of the First Year Expenses and John's income tax liability for the
Relocation Payment. If (1) the First Year Expenses exceed the Relocation Payment
Balance and/or (2) John's income tax liability for the Relocation Payment
exceeds the amount paid by Advanta to John for such purpose, Advanta shall pay
to John the sum equal to such excess amount(s), plus the additional sum equal to
the amount of John's income tax liability for such payment. If (1) the
Relocation Payment Balance exceeds the First Year Expenses and/or (2) the amount
paid by Advanta to John for John's income tax liability for the Relocation
Payment exceeds John's actual income tax liability for the Relocation Payment,
such excess amount(s) shall be credited to Advanta's obligation to reimburse
John for Reimbursable HELOC Expenses (hereinafter defined) pursuant to
subparagraph 2(b) below.

      2. Reimbursable HELOC Expenses.

            (a) John intends to partially finance his purchase of the Property
with a first mortgage loan in the amount of $292,800 (which first mortgage loan
and any replacement first mortgage loan is hereinafter called "John's First
Mortgage Loan"). John also intends to obtain a home equity line of credit (which
home equity line of credit and any replacement home equity line of credit is
hereinafter called "John's HELOC"), which shall be used by John, after he has
expended the remainder of the Relocation Payment for such purposes, to (1) make
regularly scheduled payments of principal and interest on John's First Mortgage
Loan, (2) pay his costs of maintaining the Property, including, for example, the
payment of repair bills, condominium fees, taxes, insurance and utility bills,
as mutually agreed by John and Advanta from time to time, (3) pay interest on
that portion of the principal amount of John's HELOC that qualifies as
Reimbursable HELOC Expenses and (4) pay the amount of John's income tax
liability, net of the effect of any income tax deductions for the Property that
are taken by John, for reimbursement payments for Reimbursable HELOC Expenses
(items (1) through (4), plus that portion of the outstanding balance of
principal of John's HELOC that qualifies as any of items (1) through (4),
collectively, "Reimbursable HELOC Expenses").

            (b) Advanta shall reimburse John for all Reimbursable HELOC
Expenses. Requests for reimbursement may be made by John as of: (A) the second
anniversary of the Effective Date (hereinafter defined), (B) each subsequent
anniversary of the Effective Date and

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(C) the date determined pursuant to subparagraph (c) of this Paragraph. The
procedure to be followed for reimbursement is as follows:

                  (i) John shall submit to Advanta (to the attention of Marci
Wilf, Vice President of Corporate Administration) a Draw Request Form in the
form attached as Exhibit "B" to this Agreement, together with copies of all
supporting receipts or proof of payment and other appropriate documentation and,
if not clear from the documentation submitted, an explanation of the expenses
represented by such documentation.

                  (ii) Upon confirmation by Advanta of the expenses that qualify
as Reimbursable HELOC Expenses, Advanta shall reimburse such amount to John.

            (c) For purposes of this Agreement, the term "Termination Date"
shall mean the date determined as follows:

                  (i) If a Put Option Trigger Event (as hereinafter defined)
occurs and John: (1) is not eligible to exercise the Put Option (as hereinafter
defined) because the FMV (hereinafter defined) equals or exceeds the Put Option
Sale Price (hereinafter defined) or (2) is eligible to exercise the Put Option
but fails to do so within the fifteen-day period provided in subparagraph 3(c)
below, the Termination Date shall be the date of the first to occur of the
following events:

                        (A) John ceases to be President of Advanta Bank Corp.
for any reason; or

                        (B) John leaves or retires or otherwise ceases to be
employed by Advanta Bank Corp., Advanta or any other Advanta affiliate for any
reason.

                  (ii) If a Put Option Trigger Event occurs and John is eligible
to and does properly exercise the Put Option, the Termination Date shall be the
date of the first to occur of the following events:

                        (A) The date of settlement for the sale of the Property
pursuant to subparagraph 3(d) below; or

                        (B) The date of settlement for Advanta's purchase of the
Property pursuant to subparagraph 3(e) below.

                  (iii) If the Property is sold at any time prior to the
occurrence of a Put Option Trigger Event, the Termination Date shall be the date
of settlement for such sale.

            (d) All rights to reimbursement for Reimbursable HELOC Expenses
shall cease as of the date determined as follows:

                  (i) In the case of subparagraph 2(c)(i) above, the earlier of
the following dates:

                                      -3-
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                        (A) the one hundred eightieth (180th) day after the
Termination Date; or

                        (B) the date of settlement for the sale of the Property.

                  (ii) In the case of subparagraphs 2(c)(ii) and (iii) above,
the Termination Date.

      3. Option to Put the Property to Advanta.

            (a) Within thirty (30) days after the occurrence of a Put Option
Trigger Event (hereinafter defined), or at any other time as John and Advanta
shall mutually agree, John shall cause the Property to be appraised (by an
appraiser mutually acceptable to John and Advanta) to determine its fair market
value ("FMV").

            (b) As used in this Agreement, the term "Put Option Trigger Event"
means the first to occur of the following events:

                  (i) John ceases to be President of Advanta Bank Corp. for any
reason; or

                  (ii) John leaves or retires or otherwise ceases to be employed
by Advanta Bank Corp., Advanta or any other Advanta affiliate for any reason.

            (c) In the event that the FMV is less than the Put Option Sale Price
(hereinafter defined), John shall, within fifteen (15) days after determination
of the FMV, advise Advanta whether he elects to require Advanta to purchase the
Property (the "Put Option").

            (d) If John elects to exercise the Put Option, John shall, for a
period of one hundred eighty (180) days following the date of the exercise,
diligently attempt to sell the Property to a third party for a price that equals
or exceeds the Put Option Sale Price.

            (e) If John is not successful in selling the Property pursuant to
subparagraph (d) of this Paragraph, then Advanta shall purchase the Property
from John for an amount equal to the Put Option Sale Price (less any costs, such
as brokerage commissions, that are payable solely in connection with a sale to a
third party), subject to the following conditions:

                  (i) Title to the Property shall not be subject to any liens,
encumbrances or other title objections created or suffered by John that are not
contemplated under this Agreement.

                  (ii) In the event that the Property has been damaged by fire
or other casualty that has not been fully repaired or restored as of the date of
settlement, John shall (1) pay to Advanta the proceeds of any casualty insurance
received by him and not applied to the repair or restoration of the Property and
(2) assign to Advanta John's right to receive any unpaid insurance proceeds.

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            (f) As used in this Agreement, the term "Put Option Sale Price"
means the total of the following estimated amounts:

                  (i) the outstanding balance of principal and interest of
John's First Mortgage Loan as of the date of settlement for the sale; plus

                  (ii) the outstanding balance of principal and interest of that
portion of John's HELOC that qualifies as Reimbursable HELOC Expenses (and not
yet reimbursed by Advanta) as of the date of settlement for the sale; plus

                  (iii) John's cost of the sale, including customary brokerage
commissions and closing costs.

      4. Return Amount.

            (a) Notwithstanding anything to the contrary contained in this
Agreement, in the event that the Termination Date occurs at any time prior to
the third anniversary of the Effective Date, John shall return to Advanta, but
only to the extent of any Net Proceeds (as hereinafter defined), a percentage of
the Return Amount (as hereinafter defined) based on the following schedule:

<TABLE>
<CAPTION>
                  Applicable Period                                         Percentage
                  -----------------                                         ----------
<S>                                                                         <C>
The Effective Date to the day prior to the first anniversary
     of the Effective Date                                                    100.00%

The first anniversary of the Effective Date to the day prior
     to the second anniversary of the Effective Date                           66.66%

The second anniversary of the Effective Date to the day
     prior to the third anniversary of the Effective Date                      33.33%
</TABLE>

            (b) Any Return Amount payable to Advanta pursuant to subsection (a)
of this Paragraph shall be paid on or before the date (the "Determination Date")
that is the earlier to occur of the following:

                  (i) the date of settlement for the sale of the Property; or

                  (ii) one hundred eighty (180) days after the Termination Date.

            (c) As used in this Paragraph, the following terms have the
following meanings:

                  (i) "Net Proceeds" means the Gross Proceeds (as hereinafter
defined) less the total of the following amounts:

                        (A) the outstanding balance of principal and interest of
John's First Mortgage Loan as of the Determination Date; plus

                                      -5-
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                        (B) the outstanding balance of principal and interest of
that portion of John's HELOC that qualifies as Reimbursable HELOC Expenses (and
not yet reimbursed by Advanta) as of the Determination Date; plus

                        (C) in the case of a sale of the Property, all of John's
costs of the sale, including customary brokerage commissions and closing costs.

                  (ii) "Gross Proceeds" means:

                        (A) in the case of a sale of the Property, the actual
gross proceeds of the sale; or

                        (B) if John has not sold the Property by the
Determination Date, the FMV.

                  (iii) "Return Amount" means the total of the following
amounts:

                        (A) the Equity Amount; plus

                        (B) the portion of the Relocation Payment used by John
to purchase furniture for the Property; plus

                        (C) the portion of the Relocation Payment used by John
to pay the closing costs of John's purchase of the Property; plus

                        (D) in the case of any such reimbursements pursuant to
subparagraph 2(d)(i) above, all Reimbursable HELOC Expenses reimbursed by
Advanta to John with respect to any period following the Termination Date.

      5. Effective Date. This Agreement is effective as of May 20, 2004 (the
"Effective Date").

      6. Notices. All notices required to be given by either party to this
Agreement (the "Sending Party") to the other party (the "Receiving Party") shall
be given by either hand delivering it or mailing it by first class mail to the
address of the Receiving Party stated in the first paragraph of this Agreement
or to another address if the Receiving Party has sent notice of such other
address to the Sending Party in accordance with this Paragraph 6.

      7. Captions. The headings and captions used in this Agreement are for
convenience of reference only and shall not be construed to affect in any way
the interpretation of this Agreement.

      8. Successors and Assigns. Subject to the following limitation, this
Agreement shall be binding upon and shall inure to the benefit of the parties
hereto and their respective heirs, executors, administrators, successors and
assigns. Notwithstanding the immediately preceding sentence, except for a
transfer that occurs by reason of John's death, John shall not voluntarily,
involuntarily, or by operation of law assign or transfer any right to receive
funds or any other

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rights or interests he may have under this Agreement, without the prior written
consent of Advanta, which consent may be withheld in the sole discretion of
Advanta.

      9. Amendment. This Agreement cannot be changed or amended except by
agreement in writing signed by the party against whom enforcement of the change
or amendment is sought.

      10. Governing Law. The provisions of this Agreement shall be construed in
accordance with the laws of the Commonwealth of Pennsylvania, without regard to
its conflicts-of-law principles.

      11. Execution in Counterparts. This Agreement may be executed in any
number of counterparts, which together shall be deeded to constitute one and the
same instrument.

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first above written.

                                   ADVANTA CORP.

                                   By: /s/ Elizabeth Mai
                                      _____________________________________
                                      Name: Elizabeth H. Mai
                                      Title: Senior Vice President and General
                                             Counsel

                                       /s/ John F. Moore
                                   __________________________________ (SEAL)
                                             JOHN F. MOORE

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                                  EXHIBIT "A"

                            DESCRIPTION OF PROPERTY

All of Unit 9, of the CANYON RIDGE CONDOMINIUMS, as the same is identified in
the Record of Survey Map recorded in Salt Lake County, Utah, as Entry No.
7697068, in Book 2000P, at Page 211, and in the Declaration of Covenants,
Conditions and Restrictions and Bylaws of the CANYON RIDGE CONDOMINIUMS,
recorded in Salt Lake County, Utah, on August 14, 2000, as Entry No. 7697069.

TOGETHER WITH: (a) the undivided ownership interest in said Condominium
Project's Common Areas and Facilities which are appurtenant to said Unit (the
referenced Declaration of Condominium providing for periodic alteration both in
the magnitude of said undivided ownership interest and in the composition of the
Common Areas and Facilities to which said interest relates), (b) the exclusive
right to use and enjoy each of the Limited Common Areas which is appurtenant to
said Unit, and (c) the non-exclusive right to use and enjoy the Common Areas and
Facilities included in said Condominium Project (as said Project may hereafter
be expanded) in accordance with the aforesaid Declaration and Survey Map (as
said Declaration and Map may hereafter be amended or supplemented) and the Utah
Condominium Ownership Act.

                                      -8-
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                                  EXHIBIT "B"

                               DRAW REQUEST FORM

                                      -9-

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