IN RE GEMCRAFT HOMES, INC. (Bankr.D.Md. 3-1-2010)

NANCY ALQUIST, Bankruptcy Judge

The Official Committee of Unsecured Creditors (the "Committee") of Gemcraft Homes, Inc., DLM, LLC, Gemcraft Homes Group, LLC, Gemcraft Homes Forest Hill, LLC, Gemcraft Chesapeake, LLC, Harkins Property, LLC, The Preserves at Jefferson Creek, LLC and S M Properties, LLC, debtors and debtors-in-possession (collectively, the "Debtors"), together with the Debtors, Regions Bank ("Regions") and Manufacturers and Traders Trust Company ("M T"), (Regions and M T are collectively, the "Lenders"), by their undersigned counsel, hereby stipulate and agree that the time for the Committee to Challenge the Pre-Petition Liens of the Lenders be extended for thirty (30) days as follow:

1. On November 9, 2009 (the "Petition Date"), the Debtors each filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code. This Court has entered an Order directing joint administration of these Chapter 11 cases. The Debtors remain in possession of their property and continue to manage their financial affairs as debtors-in-possession pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code. No trustee or examiner has been appointed in these cases.

2. On November 17, 2009, the United States Trustee for the District of Maryland (the "United States Trustee") appointed the Committee pursuant to Bankruptcy Code Section 1102(a)(1).

3. On December 15, 2009, this Court entered Final Orders Authorizing and Approving Post-Petition Financing from both Regions and M T (the "Final Orders").

4. Pursuant to section 4.1 of the Final Order with respect to Regions and pursuant to paragraph 30 of the Final Order with respect to M T, the Committee was given seventy five (75) calendar days following the entry of the Final Orders within which to commence a contested matter or adversary proceeding against the Lenders to challenge the validity, extent, enforceability, avoidability, perfection or priority of the Lenders' Pre-Petition Liens (as defined in the Final Orders), or to challenge the validity, allowability, enforceability, avoidability, priority, status or amount of any Pre-Petition Obligations (as defined in the Final Orders) ("Committee Challenge Termination Date").

5. The Final Orders were entered on December 15, 2009. Accordingly, the current Committee Challenge Termination Date is seventy five (75) days thereafter, or March 1, 2010.

6. The Committee has reviewed all of the loan documents provided to them by both Regions and M T. The Committee has requested but not yet received additional information from the Debtors in order to complete its investigation. Upon information and belief, production of a portion of the requested information will require additional work by the Debtors' Financial Advisor.

7. The Committee has requested and both the Debtors and the Lenders have consented to a thirty (30) day extension of the Committee Challenge Termination Date.

8. Accordingly, the Committee Challenge Termination Date shall run through and including March 31, 2010.

9. The Committee reserves its right to seek a further extension of the Committee Challenge Termination Date, and both the Debtors and Lenders reserve their rights to oppose such a request.

NANCY ALQUIST, Bankruptcy Judge

Upon the foregoing Stipulation, it is hereby:

ORDERED, that the Committee Challenge Termination Date as defined above be and hereby is extended through and including March 31, 2010.

I HEREBY CERTIFY that the terms of this Stipulation and Consent Order submitted to the Court are identical to those set forth in the original Stipulation and Consent Order; and that the signatures represented by the /s/ on this Stipulation and Consent Order reference the original signature of consenting parties on the original Stipulation and Consent Order.

Notice Recipients District/Off: 0416-1 User: cadams Date Created: 3/2/2010 Case: 09-31696 Form ID: pdfparty Total: 101 Recipients submitted to the BNC (Bankruptcy Noticing Center) without an address: tr No Trustee Assigned cr Regions Bank cr PNC BANK cr Builders FirstSource — Atlantic Group, LLC cr American Residential Services cr 84 Lumber Company TOTAL:6 Recipients of Notice of Electronic Filing: other Jeffrey S. Stein Kenneth_Freda@gardencitygroup.com aty Alan M. Grochal agrochal@tydingslaw.com aty Anthony Joseph DiPaula ajdipaula@dipaulalaw.com aty Catherine Keller Hopkin chopkin@tydingslaw.com aty Chester H. Hobbs, IV chobbs@bodie-law.com aty Cindy R. Diamond cdiamond@rosenhooverlaw.com aty Craig B. Leavers craig@hhlawyers.com aty Curtis C. Coon cccoon@ccclaw.net aty David Sommer dsommer@gejlaw.com aty David I. Swan dswan@mcguirewoods.com aty David J. Kaminow dkaminow@kamlaw.net aty David S. Musgrave dsmusgrave@ober.com aty G. David Dean, II ddean@coleschotz.com aty Gary H. Leibowitz gleibowitz@coleschotz.com aty Gary R. Greenblatt grgreen@mehl-green.com aty Howard Wayne Norman, Jr. hwnpa@verizon.net aty Irving Edward Walker iwalker@coleschotz.com aty J. Breckenridge Smith nlevitsky@foxrothschild.com aty Jason W. Hardman jason.hardman@gebsmith.com aty Jeffrey Greenberg jsgreenberg@ober.com aty Jessica Morrison jmorrison@mcguirewoods.com aty Jodie E. Buchman jodie.buchman@dlapiper.com aty John P. Downs jdowns@jpdownslaw.com aty Joseph Bellinger jbellinger@offitkurman.com aty Kevin T. Olszewski Kevino@ktopa.com aty Lawrence Coppel lcoppel@gfrlaw.com aty Lawrence Joseph Yumkas lyumkas@loganyumkas.com aty Lori S. Simpson lsimpson@bdslegal.com aty Louis J. Ebert lebert@rosenbergmartin.com aty Maria Ellena Chavez-Ruark mruark@tydingslaw.com aty Michael G. Gallerizzo mgall@gebsmith.com aty Nancy D. Greene greene@sfmlawfirm.com aty Ronald B. Katz rkatz@rbkpa.net aty Sarah Dorothy Mann smann@bodienagle.com aty Thomas C. Dame tdame@gejlaw.com aty Zvi Guttman zvi@zviguttman.com TOTAL: 36 Recipients submitted to the BNC (Bankruptcy Noticing Center): db Gemcraft Homes, Inc. 2205 Commerce Road Suite A Forest Hill, MD 21050 cr Gemcraft Capital, LLC c/o Lawrence J. Yumkas, Esquire Logan, Yumkas, Vidmar Sweeney, LLC 2530 Riva Road, Suite 400 Annapolis, MD 21401 cr The Columbia Bank DLA Piper LLP (US) c/o Richard M. Kremen The Marbury Building 6225 Smith Avenue Baltimore, MD 21209-3600 jadb DLM, LLC 2205 Commerce Road Suite A Forest Hill, MD 21050 jadb Gemcraft Homes Group, Inc. 2205 Commerce Road Suite A Forest Hill, MD 21050 jadb Gemcraft Homes Forest Hill, LLC 2205 Commerce Road Suite A Forest Hill, MD 21050 jadb Gemcraft Chesapeake, LLC 2205 Commerce Road Suite A Forest Hill, MD 21050 jadb Harkins Property, LLC 2205 Commerce Road Suite A Forest Hill, MD 21050 jadb The Preserves at Jefferson Creek, LLC 2205 Commerce Road Suite A Forest Hill, MD 21050 jadb S M Properties, LLC 2205 Commerce Road Suite A Forest Hill, MD 21050 cr Chesapeake Plumbing Heating, Inc. 34913 Delaware Ave. Frankford, DE 19945 cr Keka Contractors, Inc. 15 Curlew Court Rehoboth Beach, DE 19971 cr Branch Banking Trust Company c/o Louis J. Ebert, Esquire Rosenberg Martin Greenberg, LLP 25 South Charles Street Suite 2115 Baltimore, MD 21201 cr Stonebridge Bank 2217 Commerce Road Suite 3C Forest Hill, MD 21050 cr Benfield Electric Co., Inc. 400 Hickory Road Suite 200 Aberdeen, MD 21001 cr Manufacturers and Traders Trust Company c/o Jason W. Hardman, Esq. Gebhardt Smith LLP One South Street, Suite 2200 Baltimore, MD 21202 cr Fred C. Johnson Co., Inc. 7057 Kit Kat Road Elkridge, MD 21075 cr Harford Bank c/o Lawrence D. Coppel, Esquire Gordon, Feinblatt, Rothman, Hoffberger 233 East Redwood Street Baltimore, MD 21202 cr SLPlumbing Inc. Stephen M. Yale PO Box 546 Rising Sun, MD 21911 cr L E Bustamante Concrete Co., Inc. c/o Cindy R. Diamond, Esquire Rosen Hoover P.A. 100 N. Charles Street, Suite 1010 Baltimore, MD 21201 cr Geo-Technology Associates, Inc. c/o Brett Wiltsey, Esq. 457 Haddonfield Road, Ste. 700 PO Box 2570 Cherry Hill, NJ 08034 cr Morris Ritchie Associates, Inc. c/o Brett Wilsey, Esq. 457 Haddonfield Road, Ste. 700 PO Box 2570 Cherry Hill, NJ 08034 cr Dixie Construction Co. Inc. c/o Bishop, Daneman Simpson, LLC Lori Simpson, Esquire 1400 S. Charles Street Baltimore, MD 21230 crcm Official Committee of Unsecured Creditors c/o Alan M. Grochal Tydings Rosenberg LLP 100 East Pratt 26th Floor Baltimore, MD 21202 cr Taylor Creek, Inc. c/o H. Wayne Norman, Jr. 808 S. Main Street Bel Air, MD 21014 cr Integrity Bank c/o Thomas C. Dame, Esq. David G. Sommer, Esq. Gallagher Evelius Jones LLP 218 N. Charles St., Suite 400 Baltimore, MD 21201 cr SMART ENERGY SYSTEMS, INC. 1300 ENTERPRISE COURT SUITE 105 BEL AIR, MD 21014 cr Thomas J. Angelozzi, Inc. 7845 KABIK COURT WOODBINE, MD 21797 cr B F Drywall, Inc. c/o Sharon Oras Morgan, Esq. Fox Rothschild LLP 919 N. Market Street, Suite 1300 P.O. Box 2323 Wilmington, DE 19801-2323 cr GE Money Bank c/o Recovery Management Systems Corp 25 SE 2nd Ave, Suite 1120 Miami, FL 33131-1605 cr Clear Channel Outdoor Attn: Corporate Bankruptcy Specialist P.O. Box 591790 San Antonio, TX 78259 cr Wachovia Bank, N.A. c/o James E. Van Horn McGuireWoods LLP 7 Saint Paul Steet Suite 1000 Baltimore, MD 21202 aty Brett Wiltsey Dilworth Paxson LLP Liberty View 457 Haddonfield Road, Suite 700 Cherry Hill, NJ 08002 aty Peter R. Wilson Reager Adler, PC 2331 Market Street Camp Hill, PA 17011 aty Thomas O. Williams Reager Adler, PC 2331 Market Street Camp Hill, PA 17011 acc Jeffrey Potter 2213 Commerce Road Forest Hill, MD 21050 cr Site Maintenance Eastern Shore, LLC 17435 Mill Branch Place Bowie, MD 20716 cr Russell Caiazzo 9001 Forest Mill Ct #102 Owings Mills, MD 21117 fa Thomas D Bibby FTI Consulting Inc 2001 Ross Avenue Suite 400 Dallas, TX 75201 cr Canon Financial Services, Inc. c/o Scott H. Marcus, Esq. 121 Johnson Road Turnersville, NJ 08012 cr McGuire Woods LLP c/o David I. Swan, Esquire 1750 Tysons Blvd, Suite 1800 McLean, VA 22102 cr JC Custom Trim 3 Park Circle Rising Sun, MD 21911 cr D W Mason 4 Briarcreek Court Newark, DE 19711 aty Tydings Rosenberg LLP c/o Alan M. Grochal, Esq. 100 East Pratt Street 26th Floor Baltimore, MD 21202 aty Cole, Schotz, Meisel, Forman Leonard, P.A. 300 E. Lombard Street Suite 2000 Baltimore, MD 21202 fa FTI Consulting, Inc. Attn: Thomas D. Bibby 2001 Ross Avenue Suite 400 Dallas, TX 75201 sp Kramon Graham, P.A. c/o Irving E. Walker, Esq. 300 E. Lombard Street Suite 2000 Baltimore, MD 21202 cr Hall Mechanical Associates, Inc. c/o Mehlman, Greenblatt Hare, LLC 723 S. Charles Street Suite LL-3 Baltimore, MD 21230 cr J M Drywall, Inc. c/o Law Offices of Duane R. Demers 12800 Middlebrook Rd., Ste. 410 Germantown, MD 20874 cr Testerman Electrical Company, Inc. 350 Granary Road, Suite 2 Forest Hill, MD 21050 UNITED STATES cr Slavie Federal Savings Bank c/o Covahey, Boozer, Devan Dore, PA 606 Baltimore Avenue, #302 Towson, MD 21204 cr PeoplesBank c/o Nedric L. Nissly, Esq. 100 Pine Street P.O. Box 1166 Harrisburg, PA 17108-1166? cr LWSupply Corp. d/b/a Building Specialties and Flowrite, Inc. c/o Christos T. Adamopoulos Connolly Bove Lodge Hutz, LLP The Nemours Bulding 1007 N. Orange Street, P.O. Box 2207 Wilmington, DE 19899? cr DRT, Inc. 350 Granary Road Suite 2 Forest Hill, MD 21050 UNITED STATES cr Testerman Electrical Company, Inc. — Delaware 350 Granary Road Suite 2 Forest Hill, MD 21050 UNITED STATES fa Invotex, Inc. c/o Raymond J. Peroutka, Jr. 1637 Thames Street Baltimore, MD 21231 cr Ruth Ann Ireland P.O. Box 1771 Absecon, NJ 08201 aty Duane Russell Demers Law Offices of Duane R. Demers 12800 Middlebrook Rd., Ste. 410 Germantown, MD 20874 aty Jeffrey H. Scherr One South Street, Suite 2600 Baltimore, MD 21202-3201 TOTAL: 59