UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ---------------------------------------------------------------x : In re : Chapter 11 Case No. : MOTORS LIQUIDATION COMPANY, et al., : 09-50026 (REG) f/k/a General Motors Corp., et al. : : Debtors. : (Jointly Administered) : ---------------------------------------------------------------x ORDER GRANTING DEBTORS’ 138TH OMNIBUS OBJECTION TO CLAIMS (Eurobond Deutsche Debt Claims) Upon the 138th omnibus objection to expunge certain claims, dated December 23, 2010 (the “138th Omnibus Objection to Claims”),1 of Motors Liquidation Company (f/k/a General Motors Corporation) and its affiliated debtors, as debtors in possession (collectively, the “Debtors”), pursuant to section 502(b) of title 11, United States Code (the “Bankruptcy Code”), Rule 3007(d) of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), this Court’s order establishing supplemental rules for filing omnibus objections to certain foreign debt claims (ECF No. 8260) (the “Supplemental Procedures Order”), seeking entry of an order disallowing and expunging the Eurobond Deutsche Debt Claims, all as more fully described in the 138th Omnibus Objection to Claims; and due and proper notice of the 138th Omnibus Objection to Claims having been provided, and it appearing that no other or further notice need be provided; and the Court having found and determined that the relief sought in the 138th Omnibus Objection to Claims is in the best interests of the Debtors, their estates, creditors, and all parties in interest 1 Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the 138th Omnibus Objection to Claims. E:\138TH\MLC - PROPOSED ORDER FOR 138TH OMNIBUS OBJECTION.DOC and that the legal and factual bases set forth in the 138th Omnibus Objection to Claims establish just cause for the relief granted herein; and after due deliberation and sufficient cause appearing therefor, it is ORDERED that the relief requested in the 138th Omnibus Objection to Claims is granted to the extent provided herein; and it is further ORDERED that, pursuant to section 502(b) of the Bankruptcy Code, the claims listed on Exhibit “A” (the “Order Exhibit”) annexed hereto under the heading “Claims to be Disallowed and Expunged” are disallowed and expunged from the claims registry, subject to the occurrence of the Effective Date and provided that the Fixed Allowed Eurobond Claims as set forth in the Plan is allowed; and it is further ORDERED that, if applicable, the 138th Omnibus Objection to Claims is adjourned with respect to the claims listed on the Order Exhibit annexed hereto under the heading “Objection Adjourned” to the date indicated on the Order Exhibit, subject to further adjournments (such actual hearing date, the “Adjourned Hearing Date”) (the “Adjourned Claims”), and the Debtors’ response deadline with respect to the Adjourned Claims shall be 12:00 noon (prevailing Eastern Time) on the date that is three (3) business days before the Adjourned Hearing Date; and it is further ORDERED that, if applicable, the 138th Omnibus Objection to Claims is withdrawn with respect to the claims listed on the Order Exhibit annexed hereto under the heading “Objection Withdrawn”; and it is further ORDERED that, if applicable, the 138th Omnibus Objection to Claims is withdrawn with respect to the claims listed on the Order Exhibit annexed hereto under the heading E:\138TH\MLC - PROPOSED ORDER FOR 138TH OMNIBUS OBJECTION.DOC 2 “Claim Withdrawn” as those claims have been withdrawn by the corresponding claimant; and it is further ORDERED that this Order has no res judicata, estoppel, or other effect on the validity, allowance, or disallowance of, and all rights to object on any basis are expressly reserved with respect to, any claim listed on Exhibit “A” annexed to the 138th Omnibus Objection to Claims under the heading “Claims to be Disallowed and Expunged” that is not disallowed or expunged pursuant to this Order; and it is further ORDERED that this Court shall retain jurisdiction to hear and determine all matters arising from or related to this Order. Dated: New York, New York February 10, 2011 s/ Robert E. Gerber United States Bankruptcy Judge E:\138TH\MLC - PROPOSED ORDER FOR 138TH OMNIBUS OBJECTION.DOC 3 138th Omnibus Objection Exhibit A Motors Liquidation Company, et al. Case No. 09-50026 (REG), Jointly Administered CLAIMS TO BE DISALLOWED AND EXPUNGED OBJECTION ADJOURNED to 3/1/2011 at 9:45 a.m. Name and Address of Claimant Claim # Debtor Claim Amount Grounds For Objection Page Objection Reference HELMUT SCHAEFER 68552 Motors $6,034.10 Duplicate Eurobond Pgs. 1-5 Liquidation PRANGELWEG 9 Deutsche Debt Claims Company 35104 LICHTENFELS GERMANY GERMANY HELMUT SCHAEFER 68553 Motors $6,034.10 Duplicate Eurobond Pgs. 1-5 Liquidation PRANGELWEG 9 Deutsche Debt Claims Company 35104 LICHTENFELS GERMANY GERMANY INGRID HERZELE 68211 Motors Duplicate Eurobond Pgs. 1-5 Liquidation FASANENSTRASSE 56 Deutsche Debt Claims Company Unliquidated D 40699 ERKRATH GERMANY GERMANY Foreign Currency OBJECTION ADJOURNED 3 (1) In the "Claim Amount" column, the amounts listed are taken directly from the proofs of claim, and thus replicate any mathematical errors on the proofs of claim. Where the claim amount is zero, unliquidated, unidentified, or otherwise cannot be determined, the amount listed is "0.00". For claims filed in a Page 1 foreign currency, "Foreign Currency" is displayed in the "Claim Amount" column. (2) Claims on the exhibit are sorted in alphabetical order based on the creditor name as listed on proof of claim form. 138th Omnibus Objection Exhibit A Motors Liquidation Company, et al. Case No. 09-50026 (REG), Jointly Administered CLAIMS TO BE DISALLOWED AND EXPUNGED CLAIMS TO BE DISALLOWED AND EXPUNGED Name and Address of Claimant Claim # Debtor Claim Amount Grounds For Objection Page Objection Reference HEINRICH AND MARITA MENGEL 20494 Motors $14,200.00 Duplicate Eurobond Pgs. 1-5 Liquidation REISBERGSTRASSE 10 Deutsche Debt Claims Company 35119 ROSENTHAL GERMANY GERMANY HEINRICH AND URSULA RICHARDT 65141 Motors Duplicate Eurobond Pgs. 1-5 Liquidation SCHULGASSE 1 Deutsche Debt Claims Company Unliquidated 34628 WILLINGSHAUSEN GERMANY GERMANY Foreign Currency HEINRICH BRAUN 31008 Motors Duplicate Eurobond Pgs. 1-5 Liquidation SCHANNENBACHER WEG 10 Deutsche Debt Claims Company Unliquidated 64625 BENSHEIM GERMANY GERMANY Foreign Currency HEINRICH GRIMM 31533 Motors $118,800.00 Duplicate Eurobond Pgs. 1-5 Liquidation QUANTENBERG 39 Deutsche Debt Claims Company 40822 METTMANN GERMANY (DE) GERMANY HEINRICH MORWEISER 26775 Motors Duplicate Eurobond Pgs. 1-5 Liquidation ODENWALDSTRA E 32 Deutsche Debt Claims Company Unliquidated D-76661 PHILIPPSBURG GERMANY GERMANY Foreign Currency HEINRICH NEUBERGER 31323 Motors Duplicate Eurobond Pgs. 1-5 Liquidation AUSSENLIEGENDE GEBOUDE 7 Deutsche Debt Claims Company Unliquidated 55270 ENGELSTADT GERMANY GERMANY Foreign Currency HEINRICH OBERLACK 19693 Motors $7,050.00 Duplicate Eurobond Pgs. 1-5 Liquidation PFANNENSTRASSE 15 Deutsche Debt Claims Company 41516 GREVENBROICH GERMANY GERMANY HEINRICH PFIRSCHING 31194 Motors Duplicate Eurobond Pgs. 1-5 Liquidation JOHANNES NENNING Deutsche Debt Claims Company Unliquidated DORF 90 6764 LECH AUSTRIA AUSTRIA Foreign Currency (1) In the "Claim Amount" column, the amounts listed are taken directly from the proofs of claim, and thus replicate any mathematical errors on the proofs of claim. Where the claim amount is zero, unliquidated, unidentified, or otherwise cannot be determined, the amount listed is "0.00". For claims filed in a Page 1 foreign currency, "Foreign Currency" is displayed in the "Claim Amount" column. (2) Claims on the exhibit are sorted in alphabetical order based on the creditor name as listed on proof of claim form. 138th Omnibus Objection Exhibit A Motors Liquidation Company, et al. Case No. 09-50026 (REG), Jointly Administered CLAIMS TO BE DISALLOWED AND EXPUNGED HEINRICH PFIRSCHING 69730 Motors $61,333.70 Duplicate Eurobond Pgs. 1-5 Liquidation JOHANNES NENNING Deutsche Debt Claims Company DORF 90 6764 LECH AUSTRIA AUSTRIA HEINRICH SAHRMANN 30520 Motors $2,830.40 Duplicate Eurobond Pgs. 1-5 Liquidation STOLZINGSTRASSE 116 Deutsche Debt Claims Company 95445 BAYREUTH GERMANY GERMANY HEINRICH SCHÜTZ 68247 Motors Duplicate Eurobond Pgs. 1-5 Liquidation SEIFERSTETTERSTRASSE 27 Deutsche Debt Claims Company Unliquidated D 86899 LANDSBERG GERMANY GERMANY Foreign Currency HEINRICH U IRENE TEUSCHEL 25478 Motors $21,345.30 Duplicate Eurobond Pgs. 1-5 Liquidation FINKENWEG 25 Deutsche Debt Claims Company D-69168 WIESLOCH GERMANY GERMANY HEINRICH U MARTHA EHRENBRUCH 67911 Motors Duplicate Eurobond Pgs. 1-5 Liquidation WOEPSER STEINKUHLE 3 Deutsche Debt Claims Company Unliquidated D-27305 BRUCHHAUSEN-VILSEN GERMAN GERMANY Foreign Currency HEINRICH WEINGART 26923 Motors Duplicate Eurobond Pgs. 1-5 Liquidation BENDERSTR. 50 Deutsche Debt Claims Company Unliquidated D-40625 DUESSELDORF GERMANY GERMANY Foreign Currency HEINRICH WEISS 30374 Motors $15,130.71 Duplicate Eurobond Pgs. 1-5 Liquidation AARGAUISCHE KANTONALBANK Deutsche Debt Claims Company ISFS / ERICH BUSER BAHNHOFSTRASSE 58 CH-5000 AARAU SWITZERLAND SWITZERLAND HEINRICH-JACOBY/ELSA-GINDLER- STIFTUNG 64173 Motors Duplicate Eurobond Pgs. 1-5 Liquidation TEPLITZER STRASSE 9 Deutsche Debt Claims Company Unliquidated 14193 BERLIN GERMANY GERMANY Foreign Currency HEINTICH ERICH & ASTRID PFIRSCHING 30106 Motors $183,922.66 Duplicate Eurobond Pgs.