Majestic Capital, Ltd. Watch

from DEFA14A 5 pages Termination of Employment Agreement Dated January 1, 2010 (This “Termination Agreement”) Dated the 1st Day of November, 2010 by and Between Majestic Capital, Ltd. (Formerly Known as Crm Holdings, Ltd.), a Bermuda Company (“Company”), and Chester J. Walczyk (“Executive”). Whereas, Executive and Company Have Executed and Delivered an Employment Agreement Dated January 1, 2010 (The “Employment Agreement”); Whereas, Executive Is an Executive Officer and Shareholder of Company; Whereas, Company Has Entered Into an Agreement and Plan of Merger and Amalgamation Dated as of September 21, 2010 (The “Merger Agreement”), Pursuant to Which Company Has Agreed to Merge and Amalgamate With a Wholly-Owned Subsidiary of Bayside Equity Holdings LLC (“Bayside”)(the “Transaction”); Whereas, the Consummation of the Transaction Would Constitute a Change in Control of Company Under the Provisions of the Employment Agreement; Whereas, Company Has Requested That Executive Terminate the Employment Agreement, Effective Immediately Prior to the Effective Time of the Transaction; Whereas, Bayside Has Represented to Executive That, as of the Effective Time, Executive Will Continue in His Current Role and Responsibilities at a Substantially Similar Wage and Benefit Level, Albeit as an “At-Will” Employee, and Executive Desires to Continue His Employment Under These Conditions; Whereas, Executive Is Proceeding in Good Faith and in Reliance Upon These Material Representations of Bayside; and Whereas, Capitalized Terms Used but Not Defined in This Termination Agreement Shall Have the Respective Meanings Ascribed Thereto in the Employment Agreement or the Merger Agreement, as the Case May Be;

from 8-K 5 pages Termination of Employment Agreement Dated January 1, 2010 (This “Termination Agreement”) Dated the 1st Day of November, 2010 by and Between Majestic Capital, Ltd. (Formerly Known as Crm Holdings, Ltd.), a Bermuda Company (“Company”), and Chester J. Walczyk (“Executive”). Whereas, Executive and Company Have Executed and Delivered an Employment Agreement Dated January 1, 2010 (The “Employment Agreement”); Whereas, Executive Is an Executive Officer and Shareholder of Company; Whereas, Company Has Entered Into an Agreement and Plan of Merger and Amalgamation Dated as of September 21, 2010 (The “Merger Agreement”), Pursuant to Which Company Has Agreed to Merge and Amalgamate With a Wholly-Owned Subsidiary of Bayside Equity Holdings LLC (“Bayside”)(the “Transaction”); Whereas, the Consummation of the Transaction Would Constitute a Change in Control of Company Under the Provisions of the Employment Agreement; Whereas, Company Has Requested That Executive Terminate the Employment Agreement, Effective Immediately Prior to the Effective Time of the Transaction; Whereas, Bayside Has Represented to Executive That, as of the Effective Time, Executive Will Continue in His Current Role and Responsibilities at a Substantially Similar Wage and Benefit Level, Albeit as an “At-Will” Employee, and Executive Desires to Continue His Employment Under These Conditions; Whereas, Executive Is Proceeding in Good Faith and in Reliance Upon These Material Representations of Bayside; and Whereas, Capitalized Terms Used but Not Defined in This Termination Agreement Shall Have the Respective Meanings Ascribed Thereto in the Employment Agreement or the Merger Agreement, as the Case May Be;

from DEFA14A 5 pages Now Therefore, in Consideration of the Premises, to Induce Company to Consummate the Transaction and for Other Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged by Executive and Company, Company and Executive, Intending to Be Legally Bound, Do Hereby Agree as Follows: Section 1. Termination of the Employment Agreement; Termination of This Termination Agreement

from 8-K 5 pages Now Therefore, in Consideration of the Premises, to Induce Company to Consummate the Transaction and for Other Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged by Executive and Company, Company and Executive, Intending to Be Legally Bound, Do Hereby Agree as Follows: Section 1. Termination of the Employment Agreement; Termination of This Termination Agreement

from 8-K 22 pages 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

from 8-K 16 pages Third Amendment to Lease

from 8-K ~10 pages Crm Holdings, Ltd. and Its Subsidiaries Employment Agreement for Chester J. Walczyk Crm Holdings, Ltd. and Its Subsidiaries Employment Agreement for Chester J. Walczyk

from 8-K/A ~10 pages Crm Holdings, Ltd. and Its Subsidiaries Employment Agreement for Joseph Taylor Crm Holdings, Ltd. and Its Subsidiaries Employment Agreement for Joseph Taylor

from 8-K/A ~10 pages Crm Holdings, Ltd. and Its Subsidiaries Employment Agreement for James Scardino Crm Holdings, Ltd. and Its Subsidiaries Employment Agreement for James Scardino

from 8-K ~5 pages Separation Agreement

from 10-Q 20 pages License and Service Agreement

from 8-K 1 page Settlement Agreement

from 8-K 1 page Material contract

from 10-Q 15 pages Crm Holdings, Ltd. Employment Agreement for Chester J. Walczyk Crm Holdings, Ltd. Employment Agreement for Chester J. Walczyk

from 10-Q 15 pages Crm Holdings, Ltd. Employment Agreement for James Scardino Crm Holdings, Ltd. Employment Agreement for James Scardino

from 10-Q 12 pages Crm Holdings, Ltd. 2007 Employee Stock Purchase Plan

from S-1 ~10 pages Ex-10.19: Employment Agreement - Robert Polansky

from S-1 ~10 pages Ex-10.18: Employment Agreement - John Sullivan

from S-1 ~10 pages Ex-10.2: Senior Debt Security Agreement

from 8-K 21 pages Separation Agreement