Document:

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                                                                   EXHIBIT 10.34

                              SUCCESSION AGREEMENT

         THIS AGREEMENT, made and entered into as of the 1st day of July, 2001,
(the "Succession Date"), by and between Tandy Brands Accessories, Inc. ("the
Employer"), a Delaware corporation, Chase Texas, N.A., a national banking
association (the "Former Trustee"), and Comerica Bank - Texas, a Texas banking
corporation (the "Trustee").

         WITNESSETH:

         WHEREAS, the Employer and Former Trustee then known as (Texas Commerce
Bank Fort Worth, N.A.) heretofore entered into a certain agreement dated March
8, 1994, evidencing the Trust under Tandy Brands Accessories, Inc. Benefit
Restoration Plan (the "Trust"), and

         WHEREAS, the Employer, by action of its Board of Directors, has
determined to remove the Former Trustee of said Trust and to appoint Trustee to
act as successor Trustee thereof, and

         WHEREAS, the parties hereto are desirous of providing for such
succession by the terms of this instrument,

         NOW, THEREFORE, in consideration of the premises, the Employer, the
Former Trustee and the Trustee do hereby covenant and agree as follows:

                                       I.

         As of the Succession Date, the Trustee shall be deemed to have
succeeded the Former Trustee as the Trustee under said Trust, and the Former
Trustee shall thereafter function only as contemplated by this Agreement and/or
as it may reasonably determine to be necessary or advisable in order that the
Trustee succession contemplated herein may be accomplished in an orderly and
expeditious manner.

                                       II.

         As of the Succession Date, the Former Trustee shall transfer and
deliver, or arrange for the transfer and delivery of, all assets then held by it
or subject or its control under the Trust to the Trustee, provided that the
Former Trustee shall be entitled to reserve and hold such assets as it may
reasonably deem necessary to provide for any and all expenses and payments then
properly chargeable against the trust estate, or for which the trust estate may
be liable, or to which the Former Trustee may be entitled by way of fees and
expenses. If any assets are so held and prove to be insufficient or excessive
for such purposes, the Former Trustee shall be entitled to reimbursement for any
deficiency out of the trust estate from the Trustee or shall deliver the excess
to the Trustee, as the case may be.

                                       1
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                                      III.

         The parties recognize that the Former Trustee may, after the Succession
Date, continue to receive for an indeterminate period, income or other proceeds
of the trust estate, on that portion thereof which the Former Trustee shall have
previously transferred and delivered to the Trustee; and it is contemplated that
the Former Trustee will effect transfer and delivery for such additional
receipts to the Trustee at such time or times, not exceeding thirty (30) days
after receipt, as the Former Trustee shall determine to be reasonable.

                                       IV.

         The Former Trustee shall, as promptly as possible after the Succession
Date, file with the Employer its customary report and accounting for the period
from the close of the last fiscal year; and, for further assurance to the Former
Trustee and in aid of its prompt transfer and delivery of the trust estate to
the Trustee, the Employer does hereby agree that absent manifest error in such
reports and accounts or chargeable fault on the part of the Former Trustee, such
reports and accounts will be approved in writing by the Employer within thirty
(30) days after delivery thereof.

                                       V.

         The Trustee shall become responsible for the trust estate, and any
future additions thereto, only when, as and if the same shall be received by it.
The Trustee shall have no liability whatsoever for the acts or omissions of the
Former Trustee.

                                       VI.

         To facilitate the administration of the Trust by the Trustee, the
Former Trustee shall, as promptly as possible after the Succession Date, deliver
to the Trustee all pertinent records, or copies thereof, of its prior
administration.

                                      VII.

         The parties hereto agree to execute and deliver any and all further
instruments and to perform any and all further acts which may be necessary or
desirable for the accomplishment of the purposes of this Agreement.

                                      VIII.

         By execution of this Agreement, the Trustee signifies its acceptance,
as the successor Trustee, of the terms and conditions of the Trust and the
Employer does designate the Trustee as the successor Trustee.

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         IN WITNESS WHEREOF, this Agreement has been executed as of the day and
year first above written.

TANDY BRANDS ACCESSORIES, INC.               CHASE TEXAS, N.A.

By:   /s/ J.S.B. JENKINS                     By:   /s/ [ILLEGIBLE]
     -------------------------------              ------------------------------

Its:  PRESIDENT AND CEO                      Its:  SENIOR VICE PRESIDENT AND
     -------------------------------              ------------------------------
                                                   TRUST OFFICER
                                                  ------------------------------

                                             COMERICA BANK - TEXAS

                                             By:   /s/ CHARLES D. HOLMES
                                                  ------------------------------

                                             Its:  SENIOR VICE PRESIDENT
                                                  ------------------------------

                                       3<PAGE>
                                                                   EXHIBIT 10.35

                              SUCCESSION AGREEMENT

         THIS AGREEMENT, made and entered into as of the 20th day of June, 2002,
(the "Succession Date"), by and between Tandy Brands Accessories, Inc. (the
"Employer") and Comerica Bank - Texas, a Texas banking corporation (the
"Trustee").

         WITNESSETH:

         WHEREAS, the Employer and State Street Bank and Trust Company ("Former
Trustee") heretofore entered into a certain agreement dated August 9, 2001,
evidencing the Tandy Brands Accessories, Inc. Employees Investment Plan Trust
(the "Trust"), and

         WHEREAS, the Employer, by action of its Board of Directors, has
determined to remove the Former Trustee of said Trust and to appoint Trustee to
act as successor Trustee thereof, and

         WHEREAS, the parties hereto are desirous of providing for such
succession by the terms of this instrument,

         NOW, THEREFORE, in consideration of the premises, the Employer, and the
Trustee do hereby covenant and agree as follows:

                                       I.

         As of the Succession Date, the Trustee shall be deemed to have
succeeded the Former Trustee as the Trustee under said Trust.

                                       II.

         The Trustee shall become responsible for the trust estate, and any
future additions thereto, only when, as and if the same shall be received by it.
The Trustee shall have no liability whatsoever for the acts or omissions of the
Former Trustee.

                                      III.

         The parties hereto agree to execute and deliver any and all further
instruments and to perform any and all further acts which may be necessary or
desirable for the accomplishment of the purposes of this Agreement.

                                      VIII.

         By execution of this Agreement, the Trustee signifies its acceptance,
as the successor Trustee, of the terms and conditions of the Trust and the
Employer does designate the Trustee as the successor Trustee.

         IN WITNESS WHEREOF, this Agreement has been executed as of the day and
year first above written.

TANDY BRANDS ACCESSORIES, INC.               COMERICA BANK - TEXAS

By:  /s/ STAN NINEMIRE                       By:  /s/ CHARLES D. HOLMES
     ----------------------------                 ------------------------------
     Stan Ninemire

Its: CFO, Senior Vice President              Its: Senior Vice President
     ---------------------------                  ------------------------------

                                       1<PAGE>

                                                                     EXHIBIT 4.2

CERTIFICATE                                                    NUMBER OF SHARES
NO.
   ------                                                      ----------------

                         ORIENTAL FINANCIAL GROUP INC.

                          Incorporated under the Laws
                       of the Commonwealth of Puerto Rico

              ___% NONCUMULATIVE MONTHLY INCOME PREFERRED STOCK, SERIES B
                          ($1.00 PAR VALUE PER SHARE)

         This is to certify that ______________________ is the registered
holder of ____________________ (_________) of fully paid and non-assessable
shares of ___% Noncumulative Monthly Income Preferred Stock, Series B, of
Oriental Financial Group Inc. (the "Company"), transferable only on the books
of the Company by the holder hereof in person or by its duly authorized
attorney upon surrender of this Certificate properly endorsed.

         Witness the seal of the Company and the signatures of its duly
authorized officers.

Dated:                                        ORIENTAL FINANCIAL GROUP INC.
        ----------------------

         [CORPORATE SEAL]

                                           -------------------------------------
                                           President and Chief Executive Officer

                                           -------------------------------------
                                                        Secretary

<PAGE>

                         ORIENTAL FINANCIAL GROUP INC.

         The Certificate of Incorporation of the Company authorizes it to issue
more than one class of stock which may be issued in one or more series. The
Company will furnish to any stockholder upon request and without charge a full
statement of the powers, designation, preferences and relative participating,
optional or other special rights of the __% Noncumulative Monthly Income
Preferred Stock, Series B, evidenced by this Certificate and of each other class
of stock or shares which the Company is authorized to issue and the
qualifications, limitations or restrictions of such preferences and rights. Any
request should be made with the Secretary of the Company.

         For value received, ___________________________________________ hereby
sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
        IDENTIFYING NUMBER OF ASSIGNEE

- - - - - - - -  - - - - - - - -

[                               ]
- - - - - -- - - - -  - - - - - -       - - - - - - - - - - - - - -  - - - - -

- - - - - - - -  - - - - - - - - - - - - - - - - - -  - - - - - - - - - - - - -

________________________________________________________________________ Shares
of the __% Noncumulative Monthly Income Preferred Stock, Series B, represented
by this Certificate, and do hereby irrevocably constitute and appoint

____________________________________________________________________   Attorney
to transfer the said stock on the books of the Company with full power of
substitution in the premises.

Dated:
      ----------

                                    - - - - - - - - - - - - -- - - - - - - - -

                                    NOTICE: THE SIGNATURE(S) OF THIS ASSIGNMENT
                                    MUST CORRESPOND WITH THE NAMES(S) AS
                                    WRITTEN UPON THE FACE OF THE CERTIFICATE IN
                                    EVERY PARTICULAR, WITHOUT ENLARGEMENT OR
                                    ANY CHANGE WHATSOEVER.

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