STIPULATION AND [PROPOSED] ORDER TO CONTINUE INITIAL CASE MANAGEMENT CONFERENCE

NATHANAEL M. COUSINS, Magistrate Judge.

Plaintiff Lodgepole Investments, LLC ("Lodgepole Investments") and Defendant Monaco Development, LLC ("Monaco"), by and through their undersigned counsel, hereby stipulate as follows:

WHEREAS Lodgepole Investments filed this lawsuit on January 31, 2013; WHEREAS, on January 31, 2013, the Court issued an Order Setting Initial Case Management Conference and ADR Deadlines, and scheduled the Initial Case Management Conference for May 1, 2013, at 10:00 a.m.;

WHEREAS, on February 6, 2013, Defendants Edward Gennady Barsky and St. Tropez Capital, LLC filed a Notice of Automatic Stay of this lawsuit, pursuant to 11 U.S.C. § 362(a) and based on their filing of voluntary Chapter 11 bankruptcy petitions in the United States Bankruptcy Court, Central District of California;

WHEREAS the automatic stay has no application to the claims brought against Monaco, which has not filed a bankruptcy petition;

AS, on April 26, 2013, pursuant to the parties' stipulation, the Court entered an Order continuing the Initial Case Management Conference to June 5, 2013, at 10:00 a.m., and continued all other deadlines set forth in the Court's Order Setting Initial Case Management Conference (Dkt. No. 7);

AS, Lodgepole Investments and Defendants have made significant progress in settlement negotiations that would fully resolve this action, but have not yet reached an agreement regarding the final terms of a settlement;

NOW THEREFORE, Lodgepole Investments and Monaco hereby stipulate and agree that, subject to the Court's approval, the Initial Case Management Conference shall be continued to July 10, 2013, at 10:00 a.m., and that all other deadlines set forth in the Court's Order Setting Initial Case Management Conference and ADR Deadlines are continued accordingly.

PURSUANT TO STIPULATION, IT IS SO ORDERED.