Carol A. Johanson and Alfred F. Melzig, Jr. - Page 4

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               --“[t]hat the terms of this Agreement constitute a fair and            
          equal division of the assets and debts and that neither party               
          owes an equalization payment to the other”.                                 
               --carefully spelled out arrangements for child custody and             
          support.  These arrangements are separate and apart from the                
          provisions for spousal support, see infra.                                  
               --that John would receive all of the stock of Sea Supreme,             
          Inc., a company in which the Parties owned a 50-percent interest,           
          and would hold Carol harmless from its debts and obligations.               
          Carol agreed with John’s valuation “in the vicinity of $1.2                 
          million”.                                                                   
               --Detailed provisions for spousal support.                             
               The provisions for spousal support are as follows:                     
                                IV.  SPOUSAL SUPPORT                                  
                    25.  Each party is aware of the right of each                     
               party to receive spousal support from the other party                  
               based upon the relative income and needs of the parties                
               and the duration of the marriage.                                      
                    26.  Both parties are aware that this marriage is                 
               one considered and characterized as a marriage of long                 
               duration.  As a result, certain responsibilities for                   
               support may exist between the parties for some unknown                 
               length of time after separation and after a dissolution                
               is entered unless both parties freely and voluntarily                  
               waive their rights to support and agree to the                         
               termination of the courts [sic] jurisdiction over the                  
               issue of spousal support.  Once this waiver and                        
               agreement is entered, it is non-reversible and may work                
               a considerable hardship on either one or both of the                   
               parties.                                                               
                    26.  Being aware of the above, the court will                     
               retain jurisdiction over John’s right to collect                       





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