Document:

Exhibit 10.2

             SERVICES AGREEMENT BETWEEN AXA EQUITABLE LIFE INSURANCE
                     COMPANY AND MONY LIFE INSURANCE COMPANY
                                   OF AMERICA

                  Agreement made as of the 1st day of February, 2005 (the
"Agreement") between AXA EQUITABLE LIFE INSURANCE COMPANY, a New York stock life
insurance company ("AXA Equitable") and MONY LIFE INSURANCE COMPANY OF AMERICA,
an Arizona stock life insurance company ("MONY Life America").

                  WHEREAS, both AXA Equitable and MONY Life America are indirect
wholly-owned subsidiaries of AXA Financial, Inc., a Delaware corporation,

                  WHEREAS, MONY Life America desires to utilize AXA Equitable
personnel, property and services in carrying out its management, administrative
and other functions and AXA Equitable is willing to furnish the same on the
terms and conditions hereinafter set forth; and

                  WHEREAS, AXA Equitable and MONY Life America desire to be
reimbursed for their respective costs and expenses incurred in rendering such
services;

                  NOW, THEREFORE, the parties do hereby agree as follows:

         1. AXA Equitable from time to time may provide, as available, to MONY
Life America the personnel, property and services reasonably necessary to
perform its management, administrative and other functions. The services to be
furnished may include, without limitation, management, corporate finance,
strategic planning, administration, office and general supplies, financial and
cash management, printing, actuarial, accounting, tax, auditing, legal and
regulatory, human resources, corporate and financial communications, public
relations, advertising, marketing, risk management, product design and
development, underwriting, claims processing, policyholder services, technology,
data processing and corporate secretarial services. AXA Equitable services
provided hereunder shall not include any services provided to MONY Life America
by AXA Equitable pursuant to separate agreements.

         2. With respect to any underwriting functions, claims processing and
policyholder services that are performed for or provided to MONY Life America by
AXA Equitable pursuant to this Agreement:

                  a. it is understood that AXA Equitable shall perform such
services in accordance with underwriting and claims processing guidelines and
procedures established by MONY Life America from time to time and communicated
in writing to AXA Equitable by MONY Life America; (ii) and MONY Life America
shall retain all final underwriting and claims processing authority.

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                  b. final decisions will be based upon guidelines and
procedures established and approved by MONY Life America from time to time and
communicated in writing to AXA Equitable by MONY Life America and (ii) MONY Life
America retains final approval authority on all claim payments. Payment of
claims shall be made using MONY Life America checks. In performing claim
services for MONY Life America pursuant to this agreement AXA Equitable shall
obtain and maintain all necessary licenses and permits required in order to
comply with applicable laws and regulations.

                  c. In providing services with respect to this Agreement, AXA
Equitable agrees that any and all personal contact or communication, both oral
and written, with MONY Life America's policyholders, insureds, beneficiaries and
applicants will be done in the name of and on behalf of MONY Life America. AXA
Equitable agrees to use MONY Life America's letterhead for all such written
communications. AXA Equitable further agrees that if any of its employees who
have direct contact with MONY Life America policyholders, insureds beneficiaries
or applicants perform such services from a location outside the State of New
York, a toll free telephone number shall be available for use by such
policyholders, insureds, beneficiaries and applicants.

                  d. AXA Equitable shall implement and maintain appropriate
measures designed to meet the objectives of Department Regulation No. 173, with
respect to safeguarding MONY Life America's customer information and customer
information systems. AXA Equitable shall adjust its information security program
at the request of MONY Life America for any relevant changes dictated by MONY
Life America's assessment of risk around its customer information and customer
information systems. Confirming evidence that AXA Equitable has satisfied its
obligations under this agreement shall be made available, during normal business
hours, for inspection by MONY Life America, anyone authorized by MONY Life
America and any governmental agency that has regulatory authority over MONY Life
America's business activities.

                  e. With regard to the collection of premiums, deposits and
other remittances from policyholders (including payment of principal or interest
on policy loans), AXA Equitable shall act in a fiduciary capacity with respect
to such payments, hold such payments for the benefit of MONY Life America, and
after the required processing of such payments, will immediately deposit such
payments in one or more bank accounts established in the name of MONY Life
America and subject to the control of officers of MONY Life America.

         3. MONY Life America shall pay the actual costs (direct and indirect)
and expenses incurred by AXA Equitable in furnishing personnel, property and
services pursuant to this Agreement. Such actual costs and expenses shall
include all direct and indirect expenditures related to the furnishing of such
personnel, property and services, including related wages, office space and
overhead, as appropriate. In determining the basis for the apportionment of
costs and expenses, specific identification or estimates based on time, square
footage or any other mutually agreeable method providing for a fair and
reasonable allocation of costs and expenses may be used provided such method is
in conformity with generally accepted accounting principles and with the
requirements of Section 1505(a) of the New York Insurance Law and New York

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Insurance Department Regulation No. 33. The charge to MONY Life America for such
apportioned expenses shall be at cost as described in this Section 2.4. Within
45 days after the end of each calendar quarter, and more often if desired, AXA
Equitable shall submit to MONY Life America a statement of apportioned expenses
showing the basis for the apportionment of each item. Settlement, which shall be
on a cost basis, shall be made within 45 days thereafter. The statement of
apportioned expenses shall set forth in reasonable detail the nature of the
costs and expenses being apportioned and other relevant information to support
the charges.

         5. AXA Equitable and MONY Life America or any governmental agency
having jurisdiction over either or both of the companies at the companies'
expense, shall each have the right to conduct an audit of the other's books,
records and accounts with respect to services provided hereunder, giving
reasonable notice of its intent to conduct such an audit. In the event of such
an audit, each shall give to the other reasonable cooperation and access to all
books, records and accounts necessary to the audit.

         6. AXA Equitable and MONY Life America shall be and remain sole owner
of their respective records, including but not limited to business and corporate
records, regardless of the use or possession by either of the other's records.
AXA Equitable and MONY Life America shall each individually maintain separate
books, accounts and records in respect to personnel, property and services
provided under this Agreement and shall cooperate and use reasonable efforts to
prepare and/or obtain in a timely fashion any and all books, accounts, records
or other documentation as may be necessary or desirable in connection with this
Agreement and/or the personnel, property or services provided hereunder. All
records shall be maintained in accordance with applicable law and regulation,
including but not limited to, New York Insurance Department Regulation No. 152.

         7. The books, accounts and records of AXA Equitable and MONY Life
America as to all transactions between them under this Agreement shall be
maintained so as to clearly and accurately disclose the nature and details of
the transactions, including such accounting information as is necessary to
support the reasonableness of the charges under this Agreement. The companies
shall keep such books, records and accounts insofar as they pertain to the
computation of charges hereunder available for audit, inspection and copying by
the companies and persons authorized by it or any governmental agency having
jurisdiction over either or both of the companies during all reasonable business
hours.

         8. Should an irreconcilable difference of opinion between AXA Equitable
and MONY Life America arise as to the interpretation of any matter respecting
this Agreement, it is hereby mutually agreed that such differences shall be
submitted to arbitration as the sole remedy available to the parties. Such
arbitration shall be by three arbitrators in accordance with the rules of the
American Arbitration Association, such arbitrators shall have extensive
experience in the insurance industry, and the arbitration shall take place in
New York, New York. Each party shall bear its own expense in connection with the
arbitration, and the fees and expenses of the arbitrators and any other expenses
of the arbitration shall be shared equally by the parties.

<PAGE>

         9. The term of this Agreement shall commence as of the effective date
of this Agreement and continue until terminated by either AXA Equitable or MONY
Life America on not less than 60 days prior written notice to the other or by an
agreement in writing signed by both parties specifying the effective date of
termination.

         10. This Agreement shall be governed by and interpreted in accordance
with the laws of the State of New York, except as otherwise specifically
provided herein.

         11. No assignment of this Agreement shall be made by either AXA
Equitable or MONY Life America without the prior written consent of the other.
No assignment shall take effect unless it has first been submitted to the
Arizona and New York Insurance Departments and not disapproved by either
Department.

         12. Subject to Section 11 above, this Agreement shall inure to the
benefit of and be binding upon the successors and assigns of the parties hereto.

                                     AXA EQUITABLE LIFE INSURANCE COMPANY

                                     By: /s/ Stanley B. Tulin
                                        --------------------------------------
                                        Name: Stanley B. Tulin
                                        Title: Vice Chairman & Chief Financial
                                               Officer

                                     MONY LIFE INSURANCE COMPANY OF AMERICA

                                     By: /s/ Kevin R. Byrne
                                        --------------------------------------
                                         Name: Kevin R. Byrne
                                         Title: Senior Vice President, Chief
                                                Investment Officer &
                                                Treasurer

189453Exhibit 10.23

                                 CANDIE'S, INC.
                      NON-QUALIFIED STOCK OPTION AGREEMENT

CANDIE'S, INC., a Delaware corporation (the "Company"), pursuant to the
Company's 1997 Stock Option Plan (the "Plan") hereby grants to ____________, an
employee of the Company (the "Optionee"), as of _________, 20__, (the "Grant
Date"), a non-qualified stock option to purchase a total of _____________ shares
of the Company's common stock, par value $.001 per share ("Common Stock"), at
the price of $___ per share on the terms and conditions set forth herein and in
the Plan. This option (the "Option") is intended to be a non-qualified stock
option, i.e., this option is not intended to be, nor is it, an incentive stock
option as defined in Section 422 of the Internal Revenue Code of 1986, as
amended (the "Code").

1. Duration.

(a) This Option was granted as of the Grant Date .

(b) This Option shall expire at the close of business on __________, 20__,
[insert date 10 years from Grant Date or other date as determined by Board or
appropriate committee of the Board] (the "Termination Date"), but shall be
subject to earlier termination as provided herein or in the Plan .

(c) If the Optionee ceases to be employed by the Company for any reason other
than death, disability, termination for cause, or voluntary termination by
resignation, the Option may be exercised within three (3) months after the date
the Optionee ceases to be an employee, or within [__ (__) years] [insert 10
years or other period from 1(b)] period from the Grant Date of the Option,
whichever is earlier, but may not be exercised thereafter. In such event, the
Option shall be exercisable only to the extent that the right to purchase shares
of Common Stock under the Plan has accrued and is in effect at the date of such
cessation of employment.

                  In the event the Optionee's employment is terminated by the
Company for "cause" (as defined in the Plan), or by voluntary resignation by the
Optionee, the Optionee's right to exercise any unexercised portion of this
Option shall cease forthwith, and this Option shall thereupon terminate.

                  In the event of disability of the Optionee (as determined by
the Board of Directors of the Company (the "Board") or an appropriate committee
of the Board, as the case may be, and as to the fact and date of which the
Optionee is notified by the Board or that Committee, as the case may be, in
writing), the Option shall be exercisable within one (1) year after the date of
such disability or, if earlier, the term originally prescribed by this
Agreement. In such event, the Option shall be exercisable to the extent that the
right to purchase the shares of Common Stock hereunder has accrued on the date
the Optionee becomes disabled and is in effect as of such determination date.

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<PAGE>

                  In the event of the death of the Optionee while an employee of
the Company or within three (3) months after the termination of employment
(other than termination for cause or voluntary termination by the employee), the
Option shall be exercisable to the extent exercisable but not exercised as of
the date of death and in such event, the Option must be exercised, if at all,
within one (1) year after the date of death of the Optionee or, if earlier,
within the originally prescribed term of the Option.

2. Price.

     The  purchase  price for each share of Common  Stock upon  exercise of this
Option is $____.

3. Non-Qualified Stock Option.

     This  Option is a  non-qualified  stock  option,  the  exercise of which is
subject to Section 83 of the Code.

4. Written Notice of Exercise.

                  This Option, to the extent it is exercisable as provided in
Section 10 herein, may be exercised only by delivering to the Company, at its
principal office within the time specified in Section 1 or such shorter time as
is otherwise provided for herein or in the Plan, a written notice of exercise
substantially in the form described in Section 10. The Optionee hereby
acknowledges receipt of a copy of the Plan.

5. Anti-Dilution Provisions.

(a) If there is any stock dividend or recapitalization resulting in a stock
split, or combination or exchange of shares of Common Stock of the Company, the
number of shares of Common Stock then subject to this option may be
proportionately and appropriately adjusted by the Board of Directors; provided,
however, that any fractional shares resulting from any such adjustment shall be
eliminated.

(b) If there is any other change in the Common Stock of the Company, including
capitalization, reorganization, sale or exchange of assets, exchange of shares,
offering of subscription rights, or a merger or consolidation in which the
Company is the surviving corporation, an adjustment, if any, shall be made in
the shares then subject to this Option as the Board in its sole discretion may
deem appropriate. Failure of the Board to provide for an adjustment pursuant to
this subparagraph prior to the effective date of any Company action referred to
herein shall be conclusive evidence that no adjustment has been approved by the
Board in consequence of such action and that no such adjustment will be made in
consequence of such action.

                                       2
<PAGE>

6.       Investment Representation .

                  The Optionee agrees that until such time as a registration
statement under the Securities Act of 1933, as amended (the "Act"), becomes
effective with respect to this Option and/or the shares of Common Stock
underlying this Option, the Optionee is taking this Option and shall take the
shares of Common Stock underlying this Option, for the Optionees own account,
for investment, and not for resale or distribution.

7.       Transferability.

                  [This Option shall not be transferable by the Optionee other
than by will or by the laws of descent and distribution, and is exercisable
during the lifetime of the Optionee only by the Optionee.]
[Alternate-This Option may be transferable by the Optionee.]

8. Certain Rights Not Conferred by Option.

                  The Optionee shall not, by virtue of holding this option, be
entitled to any rights of a stockholder in the Company .

9. Transfer Taxes.

                  The Company shall pay all original issue and transfer taxes
with respect to the issuance and transfer of shares of Common Stock of the
Company pursuant hereto provided that the shares are issued in the name of the
Optionee.

10. Vesting Options.

(a) The amount of shares of Common Stock subject to this Option shall become
exercisable as follows: __________on the date hereof,__________ on the first
anniversary of the date hereof [and ____________ on the second anniversary of
the date hereof], subject to the provision of Section 1 hereof. [
Alternative-The amount of shares of Common Stock subject to this Option shall
become exercisable on the date hereof, subject to the provision of Section 1
hereof and the Plan.]

(b) An Option shall be exercisable by written notice of such exercise, in the
form prescribed by the Board to the Company, at its principal executive office.
The notice shall specify the number of shares for which the option is being
exercised, be signed by the Optionee and shall be accompanied by payment in cash
or by check of the amount of the full purchase price of such shares or in such
manner as the Board shall deem acceptable consistent with the provisions of the
Plan.

(c) No shares shall be delivered upon exercise of this Option until all laws,
rules and regulations which the Board may deem applicable have been complied
with. If a registration statement under the Act is not then in effect with
respect to the shares issuable upon such exercise, the Company may require as a
condition precedent., among other things (i) that the person exercising the

                                       3
<PAGE>

Option give to the Company a written representation and undertaking,
satisfactory in form and substance to the Company, that such person is acquiring
the shares for his own account for investment and not with a view to the
distribution thereof and/or (ii) an opinion of counsel satisfactory to the
Company with respect to the existence of an exemption from the registration
requirements of the Act, in which event the person(s) acquiring the Common Stock
shall be bound by the provisions of the following legend which shall be endorsed
upon the certificate(s) evidencing his option shares issued pursuant to such
exercise:

                           "The shares represented by this certificate have not
                           been registered under the Securities Act of 1933, as
                           amended (the "Act"). Such shares may not be sold,
                           transferred or otherwise disposed of unless they have
                           first been registered under the Act or, unless, in
                           the opinion of counsel satisfactory to the Company's
                           counsel, such registration is not required."

(d) Without limiting the generality of the foregoing, the Company may delay
issuance of the shares of Common Stock underlying this Option until completion
of any action or obtaining of any consent, which the Company deems necessary
under any applicable law (including without limitation state securities or "blue
sky" laws).

(e) The person exercising this Option shall not be considered a record holder of
the stock so purchased for any purpose until the date on which such person is
actually recorded as the holder of such stock in the records of the Company.

11. No Continued Employment.

                  Nothing herein shall be deemed to create any employment
agreement or guaranty of continued service as an employee or limit in any way
the Company's right to terminate Optionee's status as an employee at any time.

12. Notices.

         Any notice required or permitted by the terms of this Option Agreement
or the Plan shall be given by registered or certified mail, return receipt
requested, addressed as follows:

                  To the Company:

                                    Candies, Inc.
                                    400 Columbus Avenue
                                    Valhalla, New York 10595

                                       4
<PAGE>

                  To the Optionee:

                                    [Name and Address of Optionee]

or to such other address or addresses of which notice in the same manner has
previously been given when mailed in accordance with the foregoing provisions.
Either party hereto may change the address to which such notices shall be given
by providing the other party hereto with written notice of such change.

13.      Tax Withholding.

                  Not later than the date as of which an amount first becomes
includable in the gross income of the Optionee or other holder for federal
income tax purposes with respect to this Option, the Optionee or other holder
shall pay to the Company, or make arrangements satisfactory to the Company
regarding the payment of, any federal, state and local taxes of any kind
required by law to be withheld or paid with respect to such amount. The
obligations of the Company under this Agreement shall be conditional upon such
payment or arrangements and the Company shall, to the extent permitted by law,
have the right to deduct any such taxes from any payment of any kind otherwise
due to the holder of the option from the Company or any of its subsidiaries.

14. Benefit of Agreement.

                  This Agreement shall be for the benefit of and shall be
binding upon the heirs, executors, administrators and successors of the parties
hereto.

                                       5
<PAGE>

15. Governing Law.

                  This option agreement shall be construed and enforced in
accordance with the law of the State of New York, except to the extent that the
laws of the State of Delaware may be applicable.

                                                     CANDIE'S,  INC.

                                                     By:_______________________
                                      Name:
                                     Title:

Accepted as of the date first set above.

------------------------
Signature required with return of document to the Company to formalize issuance
of agreement.

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