JOINT FILING AGREEMENT
THIS AGREEMENT dated the 26th day of October, 2001.
WHEREAS:
A. Parkland Ventures Limited ("Parkland") is a wholly-owned subsidiary
of Pine Resources Corporation ("Pine");
B. Pine is an approximately 51%-owned subsidiary of MFC Bancorp
Ltd. ("MFC");
C. Parkland, Pine and MFC share voting and dispositive power over
630,000 shares of common stock and 630,000 share purchase warrants
each exercisable for one further share of common stock of Euro Trade
& Forfaiting, Inc. ("Euro Trade");
D. MFC has sole or shared voting and dispositive power over an additional
622,663 shares of common stock of Euro Trade and 420,000 share purchase warrants
each exercisable for one further share of common stock of Euro Trade; and
E. Each of MFC, Pine and Parkland (each a "Filer" and collectively, the
"Filers") is responsible for filing a Schedule 13D or amendment to Schedule
13D (the "Schedule 13D/A") relating to the acquisition or disposition of
the securities 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.
PINE RESOURCES CORPORATION MFC BANCORP LTD.
By: /s/ Xxxxxxx Xxxxxxxx By: /s/ Xxxxxxx X. Xxxxx
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Xxxxxxx Xxxxxxxx, President Xxxxxxx X. Xxxxx, Director
PARKLAND VENTURES LIMITED
By: /s/ Xxxxxxx Xxxxxxxx
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Xxxxxxx Xxxxxxxx, President
