RELEASERelease • February 3rd, 2011 • Owl Creek Asset Management, L.P. • Services-racing, including track operation • Ontario
Reference is hereby made to the Arrangement Agreement (the "Agreement") made the 31st day of January, 2011 by and between MI Developments Inc. (“MID”), 4455327 Ontario Limited (“445”) and The Stronach Trust (the “Trust”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Agreement.
AGREEMENT REGARDING ARRANGEMENTAgreement Regarding Arrangement • February 3rd, 2011 • Owl Creek Asset Management, L.P. • Services-racing, including track operation • Ontario
Reference is made to (a) the support agreement (the "Support Agreement") entered into among certain shareholders (each an "Initiating Shareholder", and collectively the "Initiating Shareholders") of MI Developments Inc. ("MID") and 445327 Ontario Limited ("445") between December 20, 2010 and December 22, 2010 pursuant to which such parties agreed to cause their Class A Shares and Class B Shares to be voted in favour of the Arrangement Resolution, subject to the terms and conditions of such agreement and (b) the arrangement agreement (the "Arrangement Agreement") dated the date hereof among MID, 445 and the Stronach Trust. Capitalized terms used but not otherwise defined herein shall have the meanings set out in the Arrangement Agreement.
