JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended, the persons named below agree to the joint filing on
behalf of each of them of a statement on Schedule 13G (including amendments
thereto) with respect to the Common Stock, par value $.01 per share and 8%
Cumulative Convertible Exchangeable Preferred Stock, $.01 par value per share of
Marvel Enterprises, Inc. and further agree that this Joint Filing Agreement be
included as an Exhibit to such joint filings.
The undersigned further agree that each party hereto is
responsible for timely filing of such statement on Schedule 13G and any
amendments thereto, and for the accuracy and completeness of the information
concerning such party contained therein; provided, however, that no party is
responsible for the accuracy and completeness of the information concerning any
other party, unless such party knows or has reason to believe that such
information is inaccurate.
IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of November 10, 1999.
MHR INSTITUTIONAL PARTNERS LP
By: MHR Institutional Advisors LLC, its
General Partner
By: /s/ XXXX X. XXXXXXXX
---------------------------------
XXXX X. XXXXXXXX, M.D.
Managing Member
MHRM PARTNERS LP
By: MHR Institutional Advisors LLC, its
General Partner
By: /s/ XXXX X. XXXXXXXX
---------------------------------
XXXX X. XXXXXXXX, M.D.
Managing Member
MHR CAPITAL PARTNERS LP
By: MHR Advisors LLC, its General Partner
By: /s/ XXXX X. XXXXXXXX
---------------------------------
XXXX X. XXXXXXXX, M.D.
Managing Member
MHR INSTITUTIONAL ADVISORS LLC
By: /s/ XXXX X. XXXXXXXX
----------------------------
XXXX X. XXXXXXXX, M.D.
Manager Member
MHR ADVISORS LLC
By: /s/ XXXX X. XXXXXXXX
----------------------------
XXXX X. XXXXXXXX, M.D.
Manager Member
/s/ XXXX X. XXXXXXXX
-----------------------------
XXXX X. XXXXXXXX, M.D.