cgm Doc 998 Filed 04/20/15 Entered 04/20/15 09:23:51 Main Document Pg 1 of 12

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1 Pg 1 of 12 Southern District ofnew Y ock U.S. Department of Justice Office of the United States Trustee Region2 INRE: Majestic Capital, Ltd. CHAPTERlJ CASE NO.ll (CGM) DEBTOR. FROM DEBTOR'S POST-CONFIRMATION MONTHLY OPERA TJNG REPORT FOR THE t>eriod March I, 2015 TO March 31,2015 Comes now the above-named debtor and files its Post-Confirmation Monthly Operating Report in accordance with the Guidelines declare under penalty of perjury tbatl have examined the informatio contai ed in this ~~~'!!P!IIY'~wled e. Si Date: Liquidating Trustee Title Debtor's Address and Phone Number: Majestic Capital, Ltd. Lloyd T. Whitaker, Liquidating Trustee 2400 Herodian Way, Suite 135N Smyrna, GA (770) Attorney's Address and Phone Number: Steven C. Reingold Jager Smith P.C. One Financial Center Boston, MA 0211 I (617) Note: The original Monthly Operating Report is to be filed with the Court and a copy simultaneously provided to the United States Trustee. Monthly Operating Reports must be filed by the 20th day of the following month.

2 Pg 2 of 12 MONTHLY OPERATING REPORT - POST CONFIRMATION ATTACHMENT NO. 1 QUESTIONNAIRE YES* NO 1. Have any assets been sold or transferred outside the normal course of business, or outside the Plan of Reorganization during this reporting period? x 2. Are any post-confirmation sales or payroll taxes past due? x 3. Are any amounts owed to post-confirmation creditors/vendors over 90 days delinquent? 4. Is the Debtor current on all post-confirmation plan payments? x x *If the answer to any of the above questions is "YES," provide a detailed explanation of each item on a separate sheet. INSURANCE INFORMATION 1. Are real and personal property, vehicle/auto, general liability, fire, theft, worker's compensation, and other necessary insurance coverages in effect? 2. Are all premium payments current? YES NO* x *If the answer to any of the above questions is "NO," provide a detailed explanation of each item on a separate sheet. CONFIRMATION OF INSURANCE Payment Amount Delinquency TYPE of POLICY and CARRIER Period of Coverage and Frequency Amount No Insurable Assets DESCRIBE PERTINENT DEVELOPMENTS, EVENTS, AND MATTERS DURING THIS REPORTING PERIOD: Estimated Date of Filing the Application for Final Decree:

3 Pg 3 of 12 ATTACHMENT NO. 2 MONTHLY OPERATING REPORT - POST CONFIRMATION CHAPTER 11 POST-CONFIRMATION SCHEDULE OF RECEIPTS AND DISBURSEMENTS Case Name: Majestic Capital, Ltd. Case Number: (CGM) Date of Plan Confirmation: April 27, 2012 All items must be answered. Any which do not apply should be answered none or N/A. Monthly Post Confirmation Total 1. CASH (Beginning of Period) $ 1,092, $ INCOME or RECEIPTS during the Period $ 0.00 $ 5,363, DISBURSEMENTS a. Operating Expenses (Fees/Taxes): (i) U.S. Trustee Quarterly Fees $ 0.00 $ 30, (ii) Federal Taxes (iii) State Taxes (iv) Other Taxes b. All Other Operating Expenses: $ 18, $ 3,580, c. Plan Payments:* (i) Administrative Claims $ 0.00 $ 678, (ii) Class One (iii) Class Two (iv) Class Three (v) Class Four (Attach additional pages as needed) Total Disbursements (Operating & Plan) $ 18, $ 4,289, CASH (End of Period) $ 1,074, $ 1,074, * This includes any and all disbursements made under the plan of reorganization or in the ordinary course of the reorganized debtor's post-confirmation business, whether the disbursements are made through a trust, by a third party, or by the reorganized debtor.

4 Pg 4 of 12 ATTACHMENT NO. 3 MONTHLY OPERATING REPORT - POST CONFIRMATION CHAPTER 11 POST-CONFIRMATION BANK ACCOUNT RECONCILIATIONS Bank Account Information Name of Bank: Account Account Account Account #1 #2 #3 #4 East West Bank Account Number: Purpose of Account (Operating/Payroll/Tax) Type of Account (e.g. checking) Operating Checking 1. Balance per Bank Statement 1,090, ADD: Deposits not credited SUBTRACT: Outstanding Checks 15, Other Reconciling Items Month End Balance (Must Agree with Books) 1,074, Note: Attach copy of each bank statement and bank reconciliation. Investment Account Information Date of Type of Purchase Current Bank / Account Name / Number Purchase Instrument Price Value Note: Attach copy of each investment account statement.

5 Pg 5 of Flair Drive Suite 106 El Monte CA Direct inquiries to: ACCOUNT STATEMENT Page 1 of 2 STARTING DATE: March 01, 2015 ENDING DATE: March 31, 2015 Total days in statement period: ( 4) MAJESTIC CAPITAL LTD LIQUIDATING TRUST LLOYD T WHITAKER LIQUIDATING TRUSTEE CASE# GENERAL OPERATING ACCT 2400 HERODIAN WAY SUITE 135 N SMYRNA GA Phishing and Scams are on the rise. To learn more about how you can protect yourself, visit our website at Trustee Checking Account number Enclosures 4 Low balance $1,090, Average balance $1,092, Beginning balance $1,098, Total additions ( 0).00 Total subtractions ( 4) 8, Ending balance $1,090, CHECKS Number Date Amount Number Date Amount , , DAILY BALANCES Date Amount Date Amount Date Amount ,098, ,090, ,092, ,090, OVERDRAFT/RETURN ITEM FEES Total for Total this period year-to-date Total Overdraft Fees $0.00 $0.00 Total Returned Item Fees $0.00 $0.00

6 cgm Doc 998 Filed 04/20/15 Entered 04/20/15 09:23:51 Checking Account Main Document Pg 6 of 12 Statement Date 03/31/2015 Page 2 of 2 03/02/ $5, /26/ $ /02/ $5, /26/ $ /25/ $1, /25/ $1, /25/ $ /25/ $713.00

7 Pg 7 of 12 Majestic Capital EW GOA Majestic Capital EW GOA Page 1 4/17/2015 Reconciliation Summary BANK STATEMENT -- CLEARED TRANSACTIONS: Previous Balance: 1,098, Checks and Payments 4 Items -8, Deposits and Other Credits 0 Items 0.00 Service Charge 0 Items 0.00 Interest Earned 0 Items 0.00 Ending Balance of Bank Statement: 1,090, YOUR RECORDS -- UNCLEARED TRANSACTIONS: Cleared Balance: 1,090, Checks and Payments 3 Items -15, Deposits and Other Credits 0 Items 0.00 Register Balance as of 3/31/2015: 1,074, Checks and Payments 4 Items -6, Deposits and Other Credits 1 Item 2, Register Ending Balance: 1,069,849.54

8 Pg 8 of 12 Majestic Capital EW GOA Majestic Capital EW GOA Page 2 4/17/2015 Cleared Transaction Detail Date Num Payee Memo Category Clr Amount Cleared Checks and Payments 2/19/ etera Consulting January 2015 b. All other operating expenses:data... R -5, /19/ Lloyd T. Whitaker Fee and expenses for month end 1/31/15 b. All other operating expenses:liquid... R -1, /19/ Newleaf Corporation Fee for month end 1/31/15 b. All other operating expenses:profe... R /19/ Jager Smith P.C. Account no M b. All other operating expenses:profe... R Total Cleared Checks and Payments 4 Items -8, Cleared Deposits and Other Credits Total Cleared Deposits and Other Credits 0 Items 0.00 Total Cleared Transactions 4 Items -8,238.50

9 Pg 9 of 12 Majestic Capital EW GOA Majestic Capital EW GOA Page 3 4/17/2015 Uncleared Transaction Detail up to 3/31/2015 Date Num Payee Memo Category Clr Amount Uncleared Checks and Payments 3/27/ etera Consulting February 2015 b. All other operating expenses:data... -5, /27/ Xtium April 2015 b. All other operating expenses:data... -4, /31/ International Sureties, Ltd. Bond no b. All other operating expenses:liquid... -6, Total Uncleared Checks and Payments 3 Items -15, Uncleared Deposits and Other Credits Total Uncleared Deposits and Other Credits 0 Items 0.00 Total Uncleared Transactions 3 Items -15,904.28

10 Pg 10 of 12 Majestic Capital EW GOA Majestic Capital EW GOA Page 4 4/17/2015 Uncleared Transaction Detail after 3/31/2015 Date Num Payee Memo Category Clr Amount Uncleared Checks and Payments 4/10/ Lloyd T. Whitaker Fee and expenses for month end 2/28/15 b. All other operating expenses:liquid... -3, /10/ Newleaf Corporation Fee for month end 2/28/15 b. All other operating expenses:profe /10/ Jager Smith P.C. Account no M b. All other operating expenses:profe... -2, /10/ BDO USA, LLP Customer no b. All other operating expenses:profe Total Uncleared Checks and Payments 4 Items -6, Uncleared Deposits and Other Credits 4/6/2015 EFT Appleby Refund Due to Resignation as Corporat... b. All other operating expenses:profe... 2, Total Uncleared Deposits and Other Credits 1 Item 2, Total Uncleared Transactions 5 Items -4,540.31

11 Pg 11 of 12 ATTACHMENT NO. 4 MONTHLY OPERATING REPORT - POST CONFIRMATION CHAPTER 11 POST-CONFIRMATION CASH/DEBIT/CHECK DISBURSEMENTS DETAILS Name of Bank East West Bank Account Number Purpose of Account (Operating/Payroll/Personal) Operating Type of Account (e.g., Checking) Checking Check Date of Number Transaction Payee Purpose or Description Amount See attachment TOTAL $ 18, If any checks written this period have not been delivered to the payee, provide details, including the payee, amount, explanation for holding check and anticipated delivery date of check.

12 Pg 12 of 12 Majestic Capital Register Report - Last month 3/1/2015 through 3/31/2015 4/17/2015 Page 1 Date Num Description Memo Category Amount 3/19/ Lloyd T. Whitaker Fee and expenses for month end 1/31/15 b. All other operating expenses:liquidating Trustee fees and e... -1, /19/ Newleaf Corporation Fee for month end 1/31/15 b. All other operating expenses:professional fees and expenses /19/ Jager Smith P.C. Statement no b. All other operating expenses:professional fees and expenses /27/ eTERA Consulting Invoice no b. All other operating expenses:data hosting -5, /27/ Xtium Invoice no b. All other operating expenses:data hosting -4, /31/ International Sureties, Ltd. Term 5/14/15 to 5/14/16 b. All other operating expenses:liquidating Trustee bond -6, /1/2015-3/31/ , TOTAL INFLOWS 0.00 TOTAL OUTFLOWS -18, NET TOTAL -18,495.50