Document:

<PAGE>

                                  EXHIBIT 10.2

              Comm Bancorp, Inc. / Community Bank and Trust Company
                             125 North State Street
                        Clarks Summit, Pennsylvania 18411

                                                             May 5, 2005

James E. Jackson
415 Clover Street
Chinchilla, PA. 18410

Dear Mr. Jackson:

      Comm Bancorp, Inc. (the "Company") and its subsidiary, Community Bank and
Trust Company (the "Bank"), consider the stability of its key management group
to be essential to the best interests of the Company, the Bank, and the
Company's shareholders. The Company recognizes that, as is the case with many
publicly-held corporations, the possibility of a change in control may arise and
that the attendant uncertainty may result in the departure or distraction of key
management personnel to the detriment of the Company, the Bank, and the
Company's shareholders.

      Accordingly, the Board of Directors of the Company (the "Board") has
determined that appropriate steps should be taken to encourage members of the
Bank's key management group to continue as employees of the Bank notwithstanding
the possibility of a change in control of the Company.

      The Board also believes it important that, in the event of a proposal for
transfer of control of the Company and Bank, you will be able to assess the
proposal and advise the Board without being influenced by the uncertainties of
your own situation.

      In order to induce you to remain in the employ of the Bank, this
Agreement, which has been approved by the Board, sets forth the severance
compensation which the Company agrees will be provided to you in the event your
employment with the Bank is terminated subsequent to a "change in control" of
the Company and the Bank under the circumstances described below. The Company
and the Bank intends to be legally bound by this Agreement.

      1. Agreement to Provide Services; Right to Terminate.

            (a) Termination Prior to Certain Offers. Except as otherwise
provided in paragraph (b) below, or in any written employment agreement between
you and the Bank, the Bank or you may terminate your employment at any time. If,
and only if, such termination occurs after a change in control of the Company
(as defined in section 5), the provisions of this Agreement regarding the
payment of severance compensation and benefits shall apply.

<PAGE>

            (b) Termination Subsequent to Certain Offers. In the event a tender
offer or exchange offer is made by a person (as defined in section 5) for more
than 30 percent of the combined voting power of the Company's outstanding
securities ordinarily having the right to vote at elections of directors
("Voting Securities"), including the shares of common stock, par value $0.33 per
share, of the Company (the "Company Shares"), you agree that you will not leave
the employ of the Bank (other than as a result of Death or Disability as such
term is defined in section 6) and will render services to the Bank in the
capacity in which you then serve until such tender offer or exchange offer has
been abandoned or terminated or a change in control of the Company has occurred
as a result of such tender offer or exchange offer. If, during the period you
are obligated to continue in the employ of the Bank pursuant to this section
1(b), and the Bank, reduces your compensation, your obligations under this
section 1(b) shall thereupon terminate. You understand and agree that if you
terminate voluntarily your employment with the Bank during such period without
Good Reason, then you are not entitled to any of the payments or benefits under
this Agreement.

      2. Term of Agreement. This Agreement shall commence on the date hereof and
shall continue in effect until May 5, 2006; provided, however, that commencing
on the first anniversary of the date hereof, and each such anniversary
thereafter, the remaining term of this Agreement shall automatically be extended
for one additional year unless at least 180 days prior to such anniversary, the
Company and the Bank or you shall have given notice that this Agreement shall
not be extended; and provided, however, that if a change in control of the
Company shall occur while this Agreement is in effect, this Agreement shall
automatically be extended for 12 months from the date the change in control
occurs. This Agreement shall terminate if you or the Bank terminates your
employment prior to a change in control of the Company but without prejudice to
any remedy the Bank may have for breach of your obligations, if any, under
section 1(b).

      3. Severance Payment and Benefits If Termination Occurs Following Change
in Control of the Company for Disability Without Cause, or With Good Reason. If,
within 12 months from the date of occurrence of any event constituting a change
in control of the Company (it being recognized that more than one such event may
occur in which case the 12-month period shall run from the date of occurrence of
each such event), your employment with the Bank is terminated: (i) by the Bank
for Disability; (ii) by the Bank without Cause; or (iii) by you with Good Reason
(as defined in section 5), you shall be entitled to a severance payment as
follows:

            (a) Disability. If your employment with the Bank is terminated for
Disability, your benefits shall thereafter be determined in accordance with the
Bank's long-term disability income insurance plan. If the Bank's long-term
disability income insurance plan is modified or terminated following a change in
control, the Company shall cause the Bank to substitute a plan with benefits
applicable to you substantially similar to those provided by such plan prior to
its modification or termination. During any period that you fail to perform your
duties hereunder as a result of incapacity due to physical or mental illness,
you shall continue to receive your full base salary at the rate then in effect
until your employment is terminated by the Bank for Disability.

<PAGE>

            (b) Termination Without Cause or With Good Reason. If your
employment with the Bank is terminated without Cause by the Bank or with Good
Reason by you, then the Bank shall pay to you, upon demand, an amount equal to
one times your full base salary plus year-to-date accrued vacation leave through
the Date of Termination at the rate in effect on the date the change in control
of the Company occurs.

      4. Payment If Termination Occurs Following Change In Control of the
Company Because of Death, For Cause, or Without Good Reason. If your employment
shall be terminated following any event constituting a change in control of the
Company because of your death, or by the Bank for Cause, or by you other than
for Good Reason, the Bank shall pay you your full base salary plus year-to-date
accrued vacation leave through the Date of Termination at the rate in effect on
the date when the change in control of the Company occurs. The Company and Bank
shall have no further obligations to you under this Agreement.

      5. Definitions of Certain Terms. For the purpose of this Agreement, the
terms defined in this section 5 shall have the meanings assigned to them herein.

            (a) Cause. Termination of your employment by the Bank for "Cause"
shall mean termination because, and only because, you committed an act of fraud,
embezzlement, or theft constituting a felony or an act intentionally against the
interests of the Bank which causes the Bank material injury. Notwithstanding the
foregoing, you shall not be deemed to have been terminated for Cause unless and
until there shall have been delivered to you a copy of a resolution duly adopted
by the affirmative vote of not less than three-quarters of the entire membership
of the Board at a meeting of the Board called and held for the purpose (after
reasonable notice to you and an opportunity for you, together with your counsel,
to be heard before the Board), finding that in the good faith opinion of the
Board you were guilty of conduct constituting Cause as defined above and
specifying the particulars thereof in detail.

            (b) Change in Control. A "Change in Control" of the Company shall
mean:

                  (i) A change in control of a nature that would be required to
be reported in response to Item 6(e) of Schedule 14A of Regulation 14A as in
effect on the date hereof pursuant to the Securities Exchange Act of 1934 (the
"Exchange Act"); provided that, without limitation, such a change in control
shall be deemed to have occurred at such time as any Person hereafter becomes
the "Beneficial Owner" (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of 30 percent or more of the combined voting power of
the Company's Voting Securities; or

                  (ii) During any period of two consecutive years, individuals
who at the beginning of such period constitute the Board cease for any reason to
constitute at least a majority thereof unless the election, or the nomination
for election by the Company's shareholders, of each new director was approved by
a vote of at least two-thirds of the directors then still in office who were
directors at the beginning of the period; or

<PAGE>

                  (iii) There shall be consummated (x) any consolidation or
merger of the Company in which the Company is not the continuing or surviving
corporation or pursuant to which Voting Securities would be converted into cash,
securities, or other property, other than a merger of the Company in which the
holders of Voting Securities immediately prior to the merger have the same
proportionate ownership of common stock of the surviving corporation immediately
after the merger, or (y) any sale, lease, exchange, or other transfer (in one
transaction or a series of related transactions) of all, or substantially all of
the assets of the Bank, provided that any such consolidation, merger, sale,
lease, exchange or other transfer consummated at the insistence of an
appropriate banking regulatory agency shall not constitute a change in control;
or

                  (iv) Approval by the shareholders of the Company of any plan
or proposal for the liquidation or dissolution of the Company.

            (c) Date of Termination. "Date of Termination" shall mean (i) if
your employment is terminated by the Bank for Disability, 30 days after Notice
of Termination is given (provided that you shall not have returned to the
performance of your duties on a full-time basis during such 30-day period), and
(ii) if your employment is terminated for any other reason, the date on which a
Notice of Termination is given; provided that if within 30 days after any Notice
of Termination is given the party receiving such Notice of Termination notifies
the other party that a dispute exists concerning the termination, the Date of
Termination shall be the date on which the dispute is finally determined, either
by mutual written agreement of the parties or by a final judgment, order, or
decree of a court of competent jurisdiction (the time for appeal therefrom
having expired and no appeal having been perfected). The term of this Agreement
shall be extended until the Date of Termination.

            (d) Disability. Termination of your employment by the Bank for
"Disability" shall mean termination because of your absence from your duties
with the Bank on a full-time basis for 180 consecutive days as a result of your
incapacity due to physical or mental illness and your failure to return to the
performance of your duties on a full-time basis during the 30-day period after
Notice of Termination is given.

            (e) Good Reason. Termination by you of your employment for "Good
Reason" shall mean termination based on any of the following:

                  (i) A change in your status or position(s) with the Bank,
which in your reasonable judgment, does not represent a promotion from your
status or position(s) as in effect immediately prior to the change in control of
the Company, or a change in your duties or responsibilities which, in your
reasonable judgment, is inconsistent with such status or position(s), or any
removal of you from, or any failure to reappoint or reelect you to, such
position(s), except in connection with the termination of your employment for
Cause or Disability or as a result of your death or by you other than for Good
Reason.

                  (ii) A reduction by the Bank in your base salary as in effect
immediately prior to the change in control of the Company.

<PAGE>

                  (iii) The failure by the Bank to provide and credit you with
the number of paid vacation days to which you are then entitled in accordance
with the Bank's normal vacation policy as in effect immediately prior to the
change in control of the Company.

                  (iv) The Bank requiring you to be based anywhere other than
where your office is located immediately prior to the change in control of the
Company except for required travel on the Bank's business to an extent
substantially consistent with the business travel obligations which you
undertook on behalf of the Bank prior to the change in control of the Company.

                  (v) The failure by the Company to obtain from any successor
the assent to this Agreement contemplated by section 8 hereof.

                  (vi) Any purported termination by the Bank of your employment
which is not effected pursuant to a Notice of Termination satisfying the
requirements of this Agreement; and for purposes of this Agreement, no such
purported termination shall be effective.

                  (vii) Any refusal by the Bank to continue to allow you to
attend to matters or engage in activities not directly related to the business
of the Bank which, prior to the change in control of the Company, you were
permitted by the Board to attend to or engage in.

            (f) Notice of Termination. A "Notice of Termination" of your
employment given by the Bank shall mean a written notice given to you of the
termination of your employment which shall indicate the specific termination
provision in this Agreement relied upon, and shall set forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of
your employment under the provision so indicated.

            (g) Person. The term "Person" shall mean and include any individual,
corporation, partnership, group, association, or other "person," as such term is
used in section 14(d) of the Exchange Act, other than the Company, the Bank or
any employee benefit plan(s) sponsored by the Bank.

      6. Notice. For the purposes of this Agreement, notices and all other
communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given when delivered or mailed by United States
certified or registered mail, return receipt requested, postage prepaid,
addressed to the respective addresses set forth on the first page of this
Agreement, provided that all notices to the Company and Bank shall be directed
to the attention of the President of the Company and the Bank or to such other
address as either party may have furnished to the other in writing in accordance
herewith, except that notices of change of address shall be effective only upon
receipt.

<PAGE>

      7. Successors; Binding Agreement.

            (a) This Agreement shall inure to the benefit of, and be binding
upon, any corporate or other successor or assignee of the Company and the Bank
which shall acquire, directly or indirectly, by merger, consolidation or
purchase, or otherwise, all or substantially all of the business or assets of
the Company and the Bank. The Company and the Bank shall require any such
successor, by an agreement in form and substance satisfactory to you, expressly
to assume and agree to perform this Agreement in the same manner and to the same
extent as the Company and the Bank would be required to perform if no such
succession had taken place.

            (b) This Agreement shall inure to the benefit of and be enforceable
by your personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. If you should die while
any amount would still be payable to you hereunder if you had continued to live,
all such amounts, unless otherwise provided herein, shall be paid in accordance
with the terms of this Agreement to your devisee, legatee, or other designee or,
if there is no such designee, to your estate.

      8. Miscellaneous. No provision of this Agreement may be modified, waived,
or discharged unless such modification, waiver, or discharge is agreed to in a
writing signed by you and the President of the Company and the Bank. No waiver
by either party hereto at any time of any breach by the other party hereto of,
or of compliance with, any condition or provision of this Agreement to be
performed by such other party shall be deemed a waiver of similar or dissimilar
provisions or conditions at the same, or at any prior or subsequent, time. No
agreements or representations, oral or otherwise, express or implied, with
respect to the subject matter hereof have been made by either party which are
not expressly set forth in this Agreement. The validity, interpretation,
construction, and performance of this Agreement shall be governed by laws of the
Commonwealth of Pennsylvania without giving effect to the principles of conflict
of laws thereof. Any prior agreement concerning the subject matter hereof is
rendered null and void on the date hereof.

      9. Validity. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.

<PAGE>

      If this letter correctly sets forth our agreement on the subject matter
hereof, kindly sign and return to the Company the enclosed copy of this letter,
which will then constitute our agreement on this subject.

                                            Very truly yours,

                                            COMM BANCORP, INC./
                                            COMMUNITY BANK AND TRUST
                                            COMPANY

                                            By: /s/ William F. Farber, Sr.
                                                --------------------------
                                                    William F. Farber, Sr.
                                                          President

AGREED TO:

/s/ James E. Jackson
---------------------
James E. Jackson<PAGE>

[BANK ONE LOGO]                                                     EXHIBIT 10.1
   A division of JPMorgan Chase Bank, N.A.           NOTE MODIFICATION AGREEMENT

This agreement is dated as of December 22, 2004 (the "Agreement Date"), by and
between Mace Security Products, Inc. (the "Borrower") and JPMorgan Chase Bank,
N.A. (the "Bank"). The provisions of this agreement are effective on December
15, 2004 (the "Effective Date").

WHEREAS, the Borrower executed a Line of Credit Note as evidence of indebtedness
in the original face amount of Five Hundred Thousand and 00/100 Dollars
($500,000.00), dated December 15, 2002 owing by the Borrower to the Bank, as
same may have been amended or modified from time to time (the "Note"), which
Note has at all times been, and is now, continuously and without interruption
outstanding in favor of the Bank; and,

WHEREAS, the Borrower has requested and the Bank has agreed that the Note be
modified to the limited extent as hereinafter set forth;

NOW THEREFORE, in mutual consideration of the agreements contained herein and
for other good and valuable consideration, the parties agree as follows:

1. ACCURACY OF RECITALS. The Borrower acknowledges the accuracy of the Recitals
stated above.

2. MODIFICATION OF NOTE.

      2.1 From and after the Effective Date, the provision in the Note captioned
"Promise to Pay" is amended as follows: The date on which the entire balance of
unpaid principal plus accrued interest shall be due and payable immediately is
hereby changed from December 15, 2004 to December 15, 2005.

      2.2 Each of the Related Documents is modified to provide that it shall be
a default or an event of default thereunder if the Borrower shall fail to comply
with any of the covenants of the Borrower herein or if any representation or
warranty by the Borrower or by any guarantor herein is materially incomplete,
incorrect, or misleading as of the date hereof. As used in this agreement, the
"Related Documents" shall include the Note and all loan agreements, credit
agreements, reimbursement agreements, security agreements, mortgages, deeds of
trust, pledge agreements, assignments, guaranties, or any other instrument or
document executed in connection with the Note or in connection with any other
obligations of the Borrower to the Bank.

      2.3 Each reference in the Related Documents to any of the Related
Documents shall be a reference to such document as modified herein.

3. RATIFICATION OF RELATED DOCUMENTS AND COLLATERAL. The Related Documents are
ratified and reaffirmed by the Borrower and shall remain in full force and
effect as they may be modified herein. All real or personal property described
as security in the Related Documents shall remain as security for the Note and
the obligations of the Borrower in the Related Documents.

4. BORROWER REPRESENTATIONS AND WARRANTIES. The Borrower represents and warrants
to the Bank:

      4.1 No default or event of default under any of the Related Documents as
modified hereby, nor any event, that, with the giving of notice or the passage
of time or both, would be a default or an event of default under the Related
Documents as modified herein has occurred and is continuing.

<PAGE>

      4.2 There has been no material adverse change in the financial conditions
of the Borrower or any other person whose financial statement has been delivered
to the Bank in connection with the Note from the most recent financial statement
received by the Bank.

      4.3 Each and all representations and warranties of the Borrower in the
Related Documents are accurate on the date hereof.

      4.4 The Borrower has no claims, counterclaims, defenses, or setoffs with
respect to the loan evidenced by the Note or with respect to the Related
Documents as modified herein.

      4.5 The Note and the Related Documents as modified herein are the legal,
valid, and binding obligations of the Borrower, enforceable against the Borrower
in accordance with their terms.

      4.6 The Borrower, other than any Borrower who is a natural person, is
validly existing under the laws of the State of its formation or organization.
The Borrower has the requisite power and authority to execute and deliver this
agreement and to perform the obligations described in the Related Documents as
modified herein. The execution and delivery of this agreement and the
performance of the obligations described in the Related Documents as modified
herein have been duly authorized by all requisite action by or on behalf of the
Borrower. This agreement has been duly executed and delivered by or on behalf of
the Borrower.

5. BORROWER COVENANTS. The Borrower covenants with the Bank:

      5.1 The Borrower shall execute, deliver, and provide to the Bank such
additional agreements, documents, and instruments as reasonably required by the
Bank to effectuate the intent of this agreement.

      5.2 The Borrower fully, finally, and forever releases and discharges the
Bank and its successors, assigns, directors, officers, employees, agents, and
representatives from any and all causes of action, claims, debts, demands, and
liabilities, of whatever kind or nature, in law or equity, of the Borrower,
whether now known or unknown to the Borrower, (i) in respect of the loan
evidenced by the Note and the Related Documents, or of the actions or omissions
of the Bank in any manner related to the loan evidenced by the Note or the
Related Documents and (ii) arising from events occurring prior to the date of
this agreement.

      5.3 The Borrower shall pay to the Bank:

            5.3.1 All the internal and external costs and expenses incurred by
the Bank in connection with this agreement (including, without limitation,
inside and outside attorneys, appraisal, appraisal review, processing, title,
filing, and recording costs, expenses, and fees).

6. EXECUTION AND DELIVERY OF AGREEMENT BY THE BANK. The Bank shall not be bound
by this agreement until (i) the Bank has executed this agreement and (ii) the
Borrower performed all of the obligations of the Borrower under this agreement
to be performed contemporaneously with the execution and delivery of this
agreement.

7. INTEGRATION, ENTIRE AGREEMENT, CHANGE, DISCHARGE, TERMINATION, OR WAIVER. The
Note and the Related Documents as modified herein contain the complete
understanding and agreement of the Borrower and the Bank in respect of the loan
and supersede all prior representations, warranties, agreements, arrangements,
understandings, and negotiations. No provision of the Note or the Related
Documents as modified herein may be changed, discharged, supplemented,
terminated, or waived except in a writing signed by the party against whom it is
being enforced.

                                       2
<PAGE>

8. GOVERNING LAW AND VENUE. This agreement is delivered in the State of Texas
and governed by Texas law (without giving effect to its laws of conflicts). The
Borrower agrees that any legal action or proceeding with respect to any of its
obligations under the Note or this agreement may be brought by the Bank in any
state or federal court located in the State of Texas, as the Bank in its sole
discretion may elect. By the execution and delivery of this agreement, the
Borrower submits to and accepts, for itself and in respect of its property,
generally and unconditionally, the non-exclusive jurisdiction of those courts.
The Borrower waives any claim that the State of Texas is not a convenient forum
or the proper venue for any such suit, action or proceeding. This agreement
binds the Borrower and its successors, and benefits the Bank, its successors and
assigns. The Borrower shall not, however, have the right to assign the
Borrower's rights under this agreement or any interest therein, without the
prior written consent of the Bank.

9. COUNTERPART EXECUTION. This agreement may be executed in multiple
counterparts, each of which, when so executed, shall be deemed an original, but
all such counterparts, taken together, shall constitute one and the same
agreement.

                 [THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK]

                                       3
<PAGE>

10. NOT A NOVATION. This agreement is a modification only and not a novation. In
addition to all amounts hereafter due under the Note and the Related Documents
as they may be modified herein, all accrued interest evidenced by the Note being
modified by this agreement and all accrued amounts due and payable under the
Related Documents shall continue to be due and payable until paid. Except for
the above-quoted modification(s), the Note, any Related Documents, and all the
terms and conditions thereof, shall be and remain in full force and effect with
the changes herein deemed to be incorporated therein. This agreement is to be
considered attached to the Note and made a part thereof. This agreement shall
not release or affect the liability of any guarantor, surety or endorser of the
Note or release any owner of collateral securing the Note. The validity,
priority and enforceability of the Note shall not be impaired hereby. References
to the Related Documents and to other agreements shall not affect or impair the
absolute and unconditional obligation of the Borrower to pay the principal and
interest on the Note when due. The Bank reserves all rights against all parties
to the Note.

                                         BORROWER:

Address: 1000 Crawford  Place, Suite 400
         Mount Laurel, NJ 08054          Mace Security Products, Inc.

                                         By: /s/ Gregory M. Krzemien
                                             ------------------------
                                             Gregory M. Krzemien  Treasurer
                                             ------------------------------
                                             Printed Name             Title

                                             Date 12/29/04
                                             Signed:
                                                    ---------------------

BANK'S ACCEPTANCE

The foregoing agreement is hereby agreed to and acknowledged.

                                         BANK:

                                         JPMorgan Chase Bank, N.A.

                                         By: /s/ Mark W. Warren
                                             ------------------
                                             Mark W. Warren First Vice President
                                             -----------------------------------
                                             Printed Name                  Title

                                         Date  12/30/04
                                         Signed:
                                                --------------------------------

                                       4

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