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IN RE NATIONAL SERVICE LINES, INC. OF NEW JERSEY

Bankruptcy No. 86-00193(2).

69 B.R. 189 (1986)

In re NATIONAL SERVICE LINES, INC. OF NEW JERSEY d/b/a NSL, Debtor.

United States Bankruptcy Court, E.D. Missouri, E.D.

December 9, 1986.

Attorney(s) appearing for the Case

Kyler Humphrey, St. Louis, Mo., for debtor.

Peter D. Kerth, Clayton, Mo., for Cass Bank & Trust Co.

Stuart J. Radloff, Clayton, Mo., for Juenger and Tonsing.

Robert J. Blackwell, St. Louis, Mo., Trustee.

Leslie A. Davis, Clayton, Mo., for trustee.

MEMORANDUM OPINION

DAVID P. McDONALD, Bankruptcy Judge.

FINDINGS OF FACT

(1) Jerry Juenger and Elmer Tonsing at one time were stockholders of National Service Lines, Inc. ("National"). A dispute arose between them and National resulting in state court litigation which was resolved by an agreement executed April 6, 1984, styled "Agreement and Security Agreement" (the "Agreement").

(2) Paragraph 10 of the Agreement states:

"10.

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