JOINT FILING AGREEMENTStronach Frank • July 13th, 2004 • Services-racing, including track operation
The undersigned hereby agree jointly to prepare and file with regulatory authorities a Statement on Schedule 13D/A and any future amendments to the Original 13D (as defined therein) reporting each of the undersigned's ownership of shares of Magna Entertainment Corp.'s Class A Subordinate Voting Stock, par value $0.01 per share, and hereby affirm that such Statement on Schedule 13D/A is being filed on behalf of each of the undersigned in accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934. This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
SHARE PURCHASE AGREEMENTShare Purchase Agreement • July 13th, 2004 • Stronach Frank • Services-racing, including track operation • Ontario
WHEREAS Fair Enterprise is the owner of 3,682,515 MEC Class A Shares (as defined below) (the "Purchase Shares") in the capital of MEC (as defined below);
