In re:

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE
ALLIED SYSTEMS HOLDINGS, INC., eta/.,
1
) Chapter II
)
) Case No. 12-11564 (CSS)
)
Debtors.
) (Jointly Administered)
)
) Related Docket No. 230
STIPULATION AND ORDER REGARDING EXTENSION
OF THE CREDITORS' COMMITTEE'S CHALLENGE PERIOD
The debtors in the above-captioned cases (collectively, the "Debtors"), Yucaipa
American Alliance Fund II, LLC (together with its affiliated funds, "Yucaipa"), as agent and a
lender under the Senior Secured Super-Priority Debtor in Possession Credit and Guaranty
Agreement dated as of June 11,2012, and the Official Committee of Unsecured Creditors
appointed in the above-captioned cases (the "Committee," and collectively with the Debtors and
Yucaipa, the "Parties") hereby stipulate and agree as follows (the "Stipulation"):
I. The Parties agree to extend the "Challenge Period" set forth in section (b)(i) of
paragraph 12 of the Final Order Pursuant to II US. C. I05, 36I, 362. 363(c), 364(c)(I),
364(c)(2), 364(c)(3), 364(e), 503(b) and 507(a), Fed. R. Bankr. P. 2002, 400I and 9014 and Del.
Bankr. L.R. 400I-2: (I) Authorizing Debtors to (A) Obtain Postpetilion Secured DIP Financing
And (B) Use Cash Collateral; (II) Granting Superpriority Liens and Providing for Superpriority
Administrative Expense Status; (III) Granting Adequate Protection to Pre petition Secured
The debtors in the above-captioned cases (collectively, the "Debtors"), along with the federal tax
identification number (or Canadian business number where applicable) for each of the Debtors, are: Allied Systems
Holdings, Inc. (58-0360550); Allied Automotive Group, Inc. (58-2201081); Allied Freight Broker LLC (59-
2876864); Allied Systems (Canada) Company (90-0169283); Allied Systems, Ltd. (L.P.) (58-1710028); Axis Areta,
LLC (45-5215545); Axis Canada Company (87568828); Axis Group, Inc. (58-2204628); Commercial Carriers, Inc.
(38-0436930); CT Services, Inc. (38-2918187); Cardin Transport LLC (38-1985795); F.J. Boutell Driveaway LLC
(38-0365100); GACS Incorporated (58-1944786); Logistic Systems, LLC (45-4241751); Logistic Technology, LLC
(45-4242057); QAT, Inc. (59-2876863); RMX LLC (31-0961359); Transport Support LLC (38-2349563); and
Terminal Services LLC (91-0847582). The location of the Debtors' corporate headquarters and the Debtors'
address for service of process is 2302 Parklake Drive, Bldg. 15, Ste. 600, Atlanta, Georgia 30345.
Lenders; And (IV) ModifYing Automatic Stay (D.l. 230) (the "DIP Order"),
2
solely with respect
to the Committee, by modifYing the words "the later to occur of {A) seventy-five (75) days after
the Consent Date and {B) sixty (60) days after the formation of the Committee" to "the later to
occur of (A) one hundred and five (I 05) days after the Consent Date and (B) ninety (90) days
after the formation of the Committee".
2. Nothing contained herein shall act to waive or prejudice either: (a) the
Committee's right to seek such other and further extensions as it deems necessary and
appropriate; or (b) the right of any other party to this Stipulation to object to the Committee's
request(s) for such an extension.
3. Except as expressly set forth herein or in any other applicable order of this Court,
the Parties agree that this Stipulation does not otherwise affect any term or provision of the DIP
Order, and that the DIP Order otherwise remains in full force and effect. For avoidance of doubt,
nothing herein limits the Committee's rights to bring a Challenge Action for any reason other
than the perfection of any lien.
4. This Stipulation may be executed in one or more counterparts, each of which shall
be deemed an original, and all of which, when taken together, shall constitute one and the same
document. Signatures transmitted by facsimile or other electronic transmission shall be sufficient
to constitute execution by the parties hereto.
5. This Stipulation contains the entire agreement between the Parties as to the
subject matter hereof, and all understandings, agreements and communications prior to the date
hereof, whether express or implied, oral or written, relating to the subject matter hereof are fully
and completely extinguished and superseded by this Stipulation. This Stipulation shall not be
2
Capitalized tenns used but not defined herein shall have the meanings ascribed to them in the DIP Order.
2
altered, amended, modified or otherwise changed, and the rights hereunder may not be waived,
except by a writing dated subsequent to the date hereof and duly signed by each of the Parties.
6. This Stipulation is effective upon filing without further order of Court and shall
not be modified, altered, amended or vacated without written consent of all parties hereto,
subject to Court approval.
7. This Court shall retain jurisdiction over all matters arising from or related to the
interpretation or implementation of this Stipulation.
AGREED TO AND ACCEPTED BY:
Date: 2012
Wilmington, Delaware
SULLIVAN HAZELTINE ALLINSON LLC

William D. Sullivan (No. 2820)
William A. Hazeltine (No. 3294)
Seth S. Brostoff (No. 5312)
901 North Market Street, Suite 1300
Wilmington, DE 19801
Tel: (302) 428-8191
Fax: (302) 428-8195
and
SIDLEY AUSTIN LLP
Michael G. Burke
Brian J. Lohan
Dennis Kao
787 Seventh A venue
New York, NY 10019
Tel: (212) 839-5300
Fax: (212) 839-5599
Matthew A. Clemente
One South Dearborn Street
Chicago, IL 60603
Tel: (312) 853-7000
Fax: (312) 853-7036
Counsel for the Official Committee of Unsecured Creditors
3
Date: August') l, 2012
Wilmington, Delaware
YOUNG CONAWAY STARGATT & TAYLOR, LLP
-,______-
~ d
Michael R. Nestor (No. 3526)
Joseph M. Barry (No. 4221)
Rodney Square
1000 North King Street
Wilmington, DE 19801
Tel: (302) 571-6600
Fax: (302) 571-1253
and
LATHAM & WATKINS LLP
Robert A. Klyman (admitted pro hac vice)
Gregory 0. Lunt (admitted pro hac vice)
355 South Grant Avenue
Los Angeles, CA 90071-1560
Tel: (213) 485-1234
Fax: (213) 891-8763
Counsel for Yucaipa American Alliance Fund II, LLC and
its affiliated funds
4
Date: 2012
Wilmington, Delaware
Rlf!JA,P.DS, !fA YTON P.A.
-""('----_ -=-- ---::_:7. ____ .: __ _
-. " -5- --, __ --,
Mark D. jiol!ins {No. 1'9f!) -- <::.
Christopher M. Samis (No. 4909)
Andrew C. Irgens (No. 5193)
Marisa A. Terranova (No. 5396)
One Rodney Square
920 North King Street
Wilmington, DE 19801
Tel: (302) 65!-7700
Fax: (302) 651-770 I
and
TROUTMANSANDERSLLP
Jeffrey W. Kelley (admitted pro hac vice)
Ezra H. Cohen (admitted pro hac vice)
Carolyn P. Richter (admitted pro hac vice)
Matthew R. Brooks (admitted pro hac vice)
Benjamin R. Carlsen (admitted pro hac vice)
Bank of America Plaza
600 Peachtree Street, Suite 5200
Atlanta, GA 30308-2216
Tel: (404) 885-3000
Fax: (404) 885-3900
Counselfi;r the Debtors
JT IS APPROVED AND SO ORDERED_

Dated: 20 12
Wilmington, Delaware
UNITED STATES BANKRUPTCY JUDGE
5