OPINION McKEE, Chief Judge. Jeffrey J.
Prosser and Innovative Communication Company, LLC, appeal from an order of the district court affirming the bankruptcy court’s determination that the Terms and Conditions of a Settlement Agreement entered into by Prosser, Emerging Communications, Inc., and Innovative Communication Co. (collectively the “Debtors”) and Rural Telephone Finance Cooperative, Greenlight Capital Qualified, L.P., Greenlight Capital, L.P., and Greenlight Capital Offshore, Ltd. (collectively the “Creditors”) is not an execu-tory contract that could be assumed by Prosser and Innovative Communication under the provisions of 11 U.S.C. § 365.
Inasmuch as the background to the execution of the Settlement Agreement is recited in the district court’s Memorandum and Opinion, we find it unnecessary to repeat it here. See In re Innovative Communication Company, LLC; In re Jeffrey J. Prosser, 2008 WL 2275397 (D.Virgin Islands May 30, 2008).
Moreover, in its Memorandum and Opinion, the district court has carefully and fully explained its reasons for affirming the bankruptcy court’s holding that the Terms and Conditions of the Settlement Agreement do not constitute an executory contract that could be assumed by Prosser and Innovative Communication pursuant to 11 U.S.C. § 365. We can add little to the district court's thoughtful analysis and discussion. Accordingly, we will affirm substantially for the reasons set forth in the district court’s Memorandum and Opinion without further elaboration.