0000950136-05-005774 Sample Contracts

August 8, 2005
Majesco Entertainment Co • September 14th, 2005 • Services-prepackaged software • New Jersey

The purpose of this letter agreement (the "Agreement") is to set forth the terms of your separation from Majesco Entertainment Company (the "Company"). Payment of the Separation Pay described below is contingent on your agreement to and compliance with the terms of this Agreement. Neither this offer to you nor the Company's entering into this Agreement shall constitute an admission by the Company or you and this letter shall be construed as an offer of compromise.

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JOHN GROSS EMPLOYMENT AGREEMENT
John Gross Employment Agreement • September 14th, 2005 • Majesco Entertainment Co • Services-prepackaged software • New Jersey

This Agreement is entered into as of June 27, 2005 by and between Majesco Entertainment Company (the "Company"), a Delaware corporation, on the one hand and John Gross ("Executive"), on the other hand.

SEVERANCE AGREEMENT
Severance Agreement • September 14th, 2005 • Majesco Entertainment Co • Services-prepackaged software • New Jersey

This Agreement is between Carl Yankowski ("Employee") and Majesco Entertainment Company (formerly named Majesco Holdings, Inc.), a Delaware corporation, (the "Company"), hereinafter collectively known as "parties."

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