UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

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In re:
Chapter 11
ALLIED SYSTEMS HOLDINGS, INC.,
Case No. 12-11564 (CSS)
Alleged Debtor.
Ref. No. 66
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Chapter 11
In re:
ALLIED SYSTEMS, LTD. (LP.),
Case No. 12-11565 (CSS)
Alleged Debtor.
Ref. No. 64
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ORDER APPROVING STIPULATION TO EXTEND TIME
TO ANSWER INVOLUNTARY PETITIONS UNDER
FEDERAL RULE OF BANKRUPTCY PROCEDURE lOll (B)
Upon consideration of the Certification of Counsel Regarding Stipulation to Extend
Answer Deadline (the "Certification"), and the Stipulation to Extend Time to Answer Involuntary
Petitions Under Federal Rule of Bankruptcy Procedure 1011 (b) entered into between the Parties
1
attached hereto as Exhibit A (the "Stipulation"); and the Court having jurisdiction to consider the
Certification and Stipulation; and the Court having determined that the legal and factual basis set
forth in the Certification establish just cause for the relief granted herein; and the Court having
determined that the relief sought in the Certification is in the best interests of the parties; and
after due deliberation and sufficient cause appearing therefor, it is hereby
ORDERED that the Stipulation is APPROVED; and it is further
ORDERED that the Answer Deadline is extended to and including June 10, 2012; and it
is further
1
Capitalized terms used but not defined herein have the meanings ascribed to them in the Certification.
{935 .00 1-W0021233.}
ORDERED, that this Court shall retain jurisdiction to hear and determine any and all
matters arising from or related to the interpretation or implementation of this Order.
Dated: (p /'fb , 2012
Wi!min'gton, Delaware
{935.00 l-W002l233.}
S. Sontchi
United States Bankruptcy Judge
EXHIBIT A
{935.00 l-W002l233.}
UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
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In re:
Chapter 11
ALLIED SYSTEMS HOLDINGS, INC.,
Case No. 12-11564 (CSS)
Alleged Debtor.
.. -------------------------------------------------------------------------------x
Chapter 11
In re:
ALLIED SYSTEMS, LTD. (L.P.),
Case No. 12-11565 (CSS)
Alleged Debtor.
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STIPULATION TO EXTEND TIME TO ANSWER INVOLUNTARY PETITIONS
UNDER FEDERAL RULE OF BANKRUPTCY PROCEDURE lOll(b)
Petitioning creditors BDCM Opportunity Fund II, LP, Black Diamond CLO 2005-1 Ltd,
and Spectrum Investment Partners, LP (collectively, the "Petitioning Creditors") and Allied
Systems Holdings, Inc., and Allied Systems, Ltd. (L.P.) (together, the "Alleged Debtors," and
with the Petitioning Creditors, the "Parties") hereby respectfully stipulate and agree as follows:
WHEREAS, On May 17, 2012, the Petitioning Creditors filed involuntary petitions (the
"Involuntary Petitions") against the Alleged Debtors pursuant to 11 U.S.C. 303;
WHEREAS, on May 18,2012, service of summons was effected on the Alleged Debtors
under Federal Rule of Bankruptcy Procedure ("Bankruptcy Rule") 1010(a);
WHEREAS, pursuant to Bankruptcy Rule 1011(b), the Alleged Debtors must file
defenses and objections, if any, to the Involuntary Petitions on or before June 8, 2012 (the
"Answer Deadline");
WHEREAS, the Parties desire and mutually agree to extend the Answer Deadline.
{935.001-W0021233.}
NOW, THEREFORE, it is hereby stipulated and agreed by and between the Parties that
the Answer Deadline be extended to and including June I 0, 2012.
Dated: June 8, 2012
Wilmington, Delaware
LANDIS RATH & COBB LLP

Ad G. Landis
Kerri K. Mumford (No. 4186)
919 Market Street, Suite 1800
Wilmington, DE 19801
Telephone: (302) 467-4400
Facsimile: (302) 467-4450
Email: landis@lrclaw.com
mumford@lrclaw.com
-and-
Adam C. Harris
Robert J. Ward
SCHULTE ROTH & ZABEL LLP
919 Third A venue
New York, New York 10022
Telephone: (212) 756-2000
Facsimile: (212) 593-5955
CounselforBDCM Opportunity Fund II, LP,
Black Diamond CLO 2005-1 Ltd, and
Spectrum Investment Partners, L.P.
{935.001 -W0021233.}
FINGER, P.A.

Mark . Co ms . 2981)
Christophe M. Samis (No. 4909)
One Rodney Square
920 North King Street
Wilmington, Delaware 19801
Telephone: (302) 651-7700
Facsimile: (302) 651-7701
E-mail: collins@rlf.com
E-mail: samis@rlf.com
-and-
Jeffrey W. Kelley
Ezra H. Cohen
TROUTMAN SANDERS LLP
Bank of America Plaza
600 Peachtree Street, Suite 5200
Atlanta, Georgia 30308-2216
Telephone No.: (404) 885-3000
Facsimile No.: (404) 885-3900
Counsel for Alleged Debtors