IN RE: PEN HOLDINGS, INC., et al., CHAPTER 11, DEBTORS

JOINTLY ADMINISTERED UNDER CASE NO. 302-00979,United States Bankruptcy Court, M.D. Tennessee.
October 30, 2003

Edwin M. Walker, GARFINKLE, McLEMORE WALKER, PLLC, Nashville, Tennessee for Banc One Leasing Corporation

David P. Caiias, HARWELL HOWARD HYNE GABBERT MANNER, P.C., Nashville, TN for Debtors

AGREED ORDER ALLOWING ADMINISTRATIVE EXPENSE TO BANC ONE LEASING CORPORATION
KEITH LUNDIN, Bankruptcy Judge

This cause came on to be heard upon the Motion for Allowance and Payment of Administrative Expense Claim filed by Banc One Leasing Corporation (“Banc One”), and the objection thereto filed by the Debtor, and it appearing to the Court, as evidenced by the signatures of counsel hereto, that the parties have resolved this matter, it is hereby

ORDERED, that Banc One shall be allowed an administrative expense claim in the amount of $125,000.00 in full satisfaction of all administrative expense claims. The Debtor is authorized and directed to make such payment immediately.

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