IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE

In re: ELECTROGLAS, INC., et al., 1 Debtors.

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Chapter 11 Case No. 09-12416 (PJW) Jointly Administered

Re: D.I. No. 529

ORDER SUSTAINING FIRST OMNIBUS OBJECTION OF THE DEBTORS TO CLAIMS PURSUANT TO SECTION 502 OF THE BANKRUPTCY CODE AND RULE 3007 OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE (SUBSTANTIVE OBJECTION)
Upon consideration of the First Omnibus Objection of the Debtors to Claims Pursuant to Section 502 ofthe Bankruptcy Code and Rule 3007 of the Federal Rules of Bankruptcy Procedure (Substantive Objection) (the "Objection"); and the Court, having reviewed and considered the Objection, finds that the Objection is well taken; that the Court has jurisdiction to consider the Objection and the relief requested therein pursuant to 28 U.S.C. 157 and 1334; and that consideration ofthe Objection and the requested relief is a core proceeding that the Court may determine pursuant to 28 U.S.C. 157(b); and that venue is proper before this Court pursuant to 28 U.S.C. 1408 and 1409; and that due and proper notice of the Objection has been given under the particular circumstances, all parties in interest have been afforded an opportunity to be heard, and no other or further notice need be provided; and that the relief requested therein is in the best interests of the Debtors, their estates, their creditors, and other parties in interest; and that cause exists to sustain the Objection; and upon all of the

The Debtors are Electroglas, Inc. and Electroglas International, Inc.

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proceedings had before the Court; and upon the record herein; and after due deliberation thereon; and good and sufficient cause appearing therefor, it is hereby ORDERED, ADJUDGED, AND DECREED that the Objection hereby is SUSTAINED; and it is further ORDERED, ADJUDGED, AND DECREED that pursuant to Bankruptcy Code section 502(b) and Bankruptcy Rule 3007, the Claims listed in Exhibit A attached to the Objection (with the exception ofthe Claim of Mr. Maarten Raimond) are hereby disallowed in their entirety and expunged; and it is further ORDERED, ADJUDGED, AND DECREED that pursuant to Bankruptcy Code section 502(b) and Bankruptcy Rule 3007, the Claims listed in Exhibit B attached to the Objection are hereby reduced to the respective amounts set forth in the 'Modified Amount' column of Exhibit B to the Objection; and it is further ORDERED that the Hearing on the Objection as related to the Claim of Mr. Maarten Raimond is continued to the Hearing scheduled for June 16, 2010 at 9:30a.m. (ET); and it is further ORDERED, ADJUDGED, AND DECREED that the Debtors may amend, modify, or supplement the Objection, and may file additional substantive and non-substantive objections to claims filed in these cases, including the claims identified on the Objection; and it is further ORDERED, ADJUDGED, AND DECREED that the Debtors and the claims agent, Omni Management Group, LLC, and the Clerk of this Court are authorized to take all actions necessary or appropriate to give effect to this Order; and it is further

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ORDERED, ADJUDGED, AND DECREED that, to the extent that the Objection fails to comply with Local Rule 3007-1, such non-compliance is non-material and is hereby waived; and it is further ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction over any and all matters arising from or related to the implementation or interpretation of this Order; and it is further ORDERED that this Order is without prejudice to the right of the Committee and/or the Unsecured Creditor Carveout Trustee (as defined in the Debtor's Amended Plan of Liquidation Under Chapter 11 of the Bankruptcy Code) to assert objections to the allowance and/or classification of the Claims identified on Exhibit "B" at a future date; and it is further ORDERED, ADJUDGED, AND DECREED that notwithstanding any Bankruptcy Rule to the contrary, this Order shall take effect immediately upon signature. Dated: May .2---{;2010

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The HonOTabkPetefiWals United States Bankruptcy Judge

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