1
JOINT FILING AGREEMENT
THIS AGREEMENT dated the 7th day of March, 2001.
WHEREAS:
A. MFC Merchant Bank S.A. ("Merchant Bank") is a wholly-owned
subsidiary of MFC Bancorp Ltd. ("MFC");
B. Merchant Bank and MFC share voting and dispositive power over 202,663
shares of common stock of Euro Trade & Forfaiting, Inc. ("Euro Trade");
C. MFC has sole voting and dispositive power over an additional 420,000
shares of common stock of Euro Trade and 420,000 common share purchase
warrants each exercisable for one further share of common
stock of Euro Trade; and
D. Each of MFC and Merchant Bank (each a "Filer" and collectively, the
"Filers") is responsible for filing a Schedule 13D/A (the "Schedule 13D/A")
relating to the acquisition or disposition of the shares of common stock
of Euro Trade pursuant to U.S. securities laws.
NOW THEREFORE THE PARTIES AGREE AS FOLLOWS:
1. Each Filer covenants and agrees that it is individually eligible to
use the Schedule 13D/A which is to be filed;
2. Each Filer is individually responsible for the timely filing of any
amendments to the Schedule 13D/A, and for the completeness and
accuracy of the information concerning themselves, but is not
responsible for the completeness and accuracy of any of the
information contained in the Schedule 13D/A as to the other Filer,
unless such Filer knows or has reason to believe that the information
is inaccurate;
3. This Schedule 13D/A contains the required information with regard to
each Filer and indicates that it is filed on behalf of the Filers;
and
4. Each Filer agrees that the Schedule 13D/A to which this Joint Filing
Agreement is attached as Exhibit 1 is filed on its behalf.
IN WITNESS WHEREOF the parties have duly executed this Joint Filing
Agreement.
MFC MERCHANT BANK S.A. MFC BANCORP LTD.
By: /s/ Xxxxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxxxx
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Xxxxxxx Xxxxxxx, President Xxxxxxx X. Xxxxx, Director
By: /s/ Xxxxx Xxxxxxx
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Xxxxx Xxxxxxx, Vice President
