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Finance and Investment Committee Charter

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Purpose of Committee

The Finance and Investment Committee ( the "Committee") of Majestic Capital, Ltd. (the "Company") is appointed by the Board of Directors (the "Board") to oversee the Company's investment and corporate finance transactions.

Committee Membership

The Finance and Investment Committee shall consist of not less than three members and will meet as frequently as circumstances dictate. The Chairman of the Board or any member of the Committee may call meetings of the Committee. Members will be appointed, replaced, or new members added at any time and from time to time by the Board. One member of the Committee shall be appointed by the Board as its chairperson. A majority of the Committee shall constitute a quorum for the transaction of business at any meeting and the act of a majority of members of the Committee present at any meeting at which a quorum is present shall be the act of the Committee.

Committee Duties and Responsibilities

A. Adopt Finance Policy

B. The Committee's duties and responsibilities are to periodically review and make recommendations to the Board as to such matters including but not limited to the following:

  1. the capital structure of the Company and its subsidiaries;
  2. the Company's cash management and investment policies and guidelines, including asset and liability management;
  3. new business initiatives and strategic investments;
  4. policies and strategies for achieving investment objectives, including the purchase, sale and management of bonds, mortgages, investment real estate and any other investment instruments utilized by the Company;
  5. issuances of the Company's shares;
  6. any purchases of the Company's outstanding shares;
  7. any proposed material acquisitions or dispositions of assets, material capital expenditures and long-term commitments of the Company; and
  8. the performance of the Company's investment managers and their compliance with the Company's Investment Policy.

C. The Committee shall have the authority to retain advisors as deemed necessary or appropriate in the performance of its duties. Likewise, the Committee may request attendance at any meeting by any directors, officers or employees of the Company, or other persons whose advice is sought by the Committee.

Committee Performance Evaluation

The Board shall perform an annual review and evaluation of the performance of the Committee and its members in accordance with the responsibilities as outlined in this Charter. Additionally, the Committee shall periodically review and reassess this Charter and make recommendations to the Board concerning improvements thereof.

Adopted March 25, 2006


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Committee Members

Chair Daniel G. Hickey Sr.
Committee Member Keith S. Hynes
Committee Member Charles Johnston
Committee Member Louis Rosner Esq.