from SC 13D/A
1 page
<page> 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/ Claudio Morandi By: /S/ Michael J. Smith Claudio Morandi, President Michael J. Smith, Director By: /S/ Peter Hediger Peter Hediger, Vice President
