Document:

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                                                                   Exhibit 10.44

THIS AGREEMENT is made effective as of the ______ day of April, 2000.

BETWEEN:

                               360 URBANLINK LTD.

                                 (the "Vendor")

                                                               OF THE FIRST PART

                                    - and -

                            URBANLINK HOLDINGS LTD.

                               (the "Purchaser")

                                                              OF THE SECOND PART

                              ROLL-OVER AGREEMENT

                                    (SHARES)

A.    The Vendor is the beneficial owner of the Shares.

B.    The Vendor wishes to sell and the Purchaser wishes to purchase all of the
      Vendor's interest in the Shares as at the Effective Date for a total
      purchase price equal to the aggregate of the fair market values of the
      Shares all on the terms and conditions and subject to the representations
      and warranties set forth in this Agreement.

      IN CONSIDERATION of the foregoing premises and of the mutual covenants
herein contained the parties agree as follows:

                      ARTICLE 1: INCORPORATION OF RECITALS
                         AND SCHEDULES AND DEFINITIONS

1.1   The Recitals and all Schedules annexed to this Agreement are expressly
incorporated into, and form an integral part of, this Agreement.

                             ARTICLE 2: DEFINITIONS

2.1   In this Agreement:

      (a)   "Act" means the Income Tax Act (Canada), as it read on the Effective
            Date;

<PAGE>

      (b)   "Adjusted Cost Base" means the aggregate cost base of the Shares
            determined by the Vendor in accordance with the Act, where "adjusted
            cost base" is as defined in subsection 248(1) of the Act;

      (c)   "Adjusted Elected Amount" means the amount that, for tax purposes,
            is to be the Vendor's "proceeds of disposition" and the Purchaser's
            "cost of acquisition" of the Shares, determined in accordance with
            section 6.3 to be a greater or lesser amount than the Elected
            Amount;

      (d)   "Articles" means the articles of incorporation of the Purchaser
            together with all amendments thereto as registered with the
            Registrar of Corporations for the Province of Alberta as at the
            Effective Date;

      (e)   "Closing Date" means the Effective Date;

      (f)   "Corporation" means WFI Urbanlink Ltd.;

      (g)   "Effective Date" means the date of this Agreement;

      (h)   "Elected Amount" means the amount agreed upon by the parties in
            accordance with section 6.2 hereof which, for tax purposes, is to be
            the Vendor's "proceeds of disposition" and the Purchaser's "cost of
            acquisition" of the Shares;

      (i)   "Election" means the election made by the parties in prescribed form
            and within the time prescribed by subsection 85(6) of the Act that
            the rules set forth in subsection 85(1) of the Act shall apply to
            the purchase and sale of the Shares;

      (j)   "Fair Market Value" means the actual fair market value of the Shares
            determined as of the Effective Date by agreement of the Vendor and
            Purchaser;

      (k)   "Revised Adjusted Cost Base" means the adjusted cost base of the
            Shares determined in accordance with section 6.3 to be greater or
            lesser amounts than the Adjusted Cost Base;

      (l)   "Schedules" means any schedules which are attached to this
            Agreement;

      (m)   "Share Consideration" means the number, series and class of shares
            of the capital of the Purchaser having attached thereto only those
            rights, privileges, restrictions and limitations set forth in the
            Articles, which shares are more particularly described in Schedule
            "B";

      (n)   "Shares" means those shares in the capital of the Corporation owned
            by the Vendor, more particularly described in Schedule "A";

                                      -2-
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      (o)   "Stated Capital Addition" means the aggregate stated capital for the
            shares constituting the Share Consideration that is to be added to
            the stated capital account maintained for such shares, which shall
            be equal to the Elected Fair Market Value; and

      (p)   "Taxing Authority" means the Minister of National Revenue for Canada
            or any other competent authority having jurisdiction that is
            authorized by law to issue an assessment or reassessment in respect
            of the transactions herein contemplated.

                          ARTICLE 3: PURCHASE AND SALE

3.1   Subject to the terms and conditions, and based upon the representations
and warranties, contained in this Agreement, the Vendor shall sell, transfer and
assign and the Purchaser shall purchase as of the Effective Date all of the
Vendor's interest in the Shares.

                           ARTICLE 4: EFFECTIVE DATE

4.1   It is acknowledged and agreed to by the parties that the purchase and sale
of the Shares is deemed to have occurred as of the Effective Date.

                           ARTICLE 5: PURCHASE PRICE

5.1   The total purchase price for the Shares is equal to the Fair Market Value
and shall be paid and satisfied by the Purchaser issuing to the Vendor the Share
Consideration.

5.2   The Purchaser shall add the Stated Capital Addition to the stated capital
account being maintained for the class of shares of which the Share
Consideration forms a part.

5.3   The parties' determination of the Fair Market Value is final and binding
upon the parties.

                 ARTICLE 6: JOINT ELECTION AND ELECTED AMOUNTS

6.1   The Vendor and Purchaser shall jointly make the Election.

6.2   Subject to the provisions of this Agreement, for purposes of the Election
the parties agree that the Elected Amount shall be the Adjusted Cost Base of the
Shares, which determination is final and binding on the parties.

6.3   If:

      (a)   the Taxing Authority proposes to issue, or does issue, any
            assessment or reassessments that impose, or would impose, any
            liability for tax of any

                                      -3-
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            nature or kind on either of the parties on the basis that the
            adjusted cost base of the Shares is the Revised Adjusted Cost Base;

      (b)   the parties agree, or a Court or tribunal of competent jurisdiction
            finally adjudges, that the adjusted cost base of the Shares is the
            Revised Adjusted Cost Base; and

      (c)   the Taxing Authority will accept as effective, an amended Election
            of the parties;

then:

      (d)   the Adjusted Cost Base shall be deemed to have always been, and the
            Adjusted Cost Base wherever referred to in this Agreement, shall be
            read as meaning the Revised Adjusted Cost Base;

      (e)   the Elected Amount shall be deemed to have always been, and the
            Elected Amount wherever referred to in this Agreement shall be read
            as meaning, an amount equal to the Adjusted Elected Amount; and

      (f)   the parties shall take all such steps and jointly execute all such
            documents and elections as may be required and allowed so that the
            aggregate of the amounts elected for purposes of subsection 85(1) of
            the Act with respect to the purchase and sale of the Shares shall be
            equal to the Adjusted Elected Amount.

               ARTICLE 7: VENDOR'S REPRESENTATIONS AND WARRANTIES

7.1   The Vendor represents and warrants to the Purchaser that:

      (a)   on the Closing Date the Shares shall be beneficially owned by the
            Vendor free and clear of all restrictions, options, liens, charges
            and encumbrances, whatsoever, excepting only those restrictions set
            forth in the articles of incorporation (as amended) of the
            Corporation;

      (b)   except as is set out in the articles of incorporation (as amended)
            of the Corporation, no person, firm or corporation has any written
            or verbal agreement, option, understanding or commitment or any
            right or privilege capable of becoming an agreement for the purchase
            of the Shares from the Vendor other than as set out in this
            Agreement;

      (c)   on the Closing Date the Vendor shall not be a non-resident of Canada
            within the meaning of the Act; and

      (d)   all requisite approvals of the Corporation and its directors and
            shareholders, as applicable, have been obtained so as to permit the
            transfer

                                      -4-
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            of the shares from the Vendor to the Purchaser in accordance with
            the terms hereof.

7.2   The representations and warranties contained in section 7.1 shall survive
      the completion of the purchase and sale of the Shares and shall continue
      in full force and effect for the benefit of the Purchaser; provided always
      that no claim with respect to the representations and warranties shall be
      made by the Purchaser unless written notice shall have been given to the
      Vendor within one (1) year from the Closing Date.

             ARTICLE 8: PURCHASER'S REPRESENTATIONS AND WARRANTIES

8.1   The Purchaser represents and warrants to the Vendor that:

      (a)   the Purchaser is a corporation duly incorporated, validly existing
            and qualified to carry on business under the laws of the Province of
            Alberta;

      (b)   the authorized capital of the Purchaser consists of an unlimited
            number of:

            (i)   Class "A" Common Voting Non-Participating Shares

            (ii)  Class "B" Common Non-Voting Participating Shares

            (iii) Class "C" Common Non-Voting Participating Shares,

            having attached thereto only those rights, privileges, restrictions
            and conditions set forth in the Articles;

      (c)   the issuance to the Vendor of the Share Consideration is valid and
            in accordance with the laws of the Province of Alberta; and

      (d)   this Agreement constitutes a valid and binding obligation of the
            Purchaser and the transactions contemplated by this Agreement are
            not in violation of any terms and conditions of the Articles or any
            agreement to which the Purchaser is a party or by which the
            Purchaser is bound.

8.2   The representations and warranties contained in section 8.1 shall survive
the completion of the purchase and sale of the Shares and shall continue in full
force and effect for the benefit of the Vendor; provided always that no claim
with respect to the representations and warranties shall be made by the Vendor
unless written notice shall have been given to the Purchaser within one (1) year
from the Closing Date.

                                      -5-
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            ARTICLE 9: CLOSING, BENEFICIAL OWNERSHIP AND POSSESSION

9.1   Upon or prior to the Closing Date, or so soon thereafter as the parties
agree upon:

      (a)   the Vendor shall deliver to the Purchaser, share certificates
            representing the Shares, duly endorsed in blank for transfer and
            shall cause transfers of such Shares to be duly recorded in the
            books of the Corporation in the name of the Purchaser or its
            nominee;

      (b)   the Purchaser shall:

            (i)   issue and deliver to the Vendor the Share Consideration; and

            (ii)  at the request of the Vendor, deliver to the Vendor a copy of
                  the resolution of the board of directors of the Purchaser
                  adding the Stated Capital Addition to the stated capital
                  account maintained for the shares forming the Share
                  Consideration, certified by the secretary of the Purchaser as
                  a true and exact copy, where required by the Vendor.

9.2   If the corporate proceedings required to duly and validly record the
Shares in the name of the Purchaser or its nominee have not been completed on
the Closing Date, the Vendor agrees that, until such time as the Shares shall be
recorded in the name of the Purchaser or its nominee, the Vendor shall stand as
owner of the Shares as bare trustee for and on behalf of the Purchaser as the
beneficial owner, and in such capacity the Vendor shall:

      (a)   receive on behalf of, account to and forthwith pay over to the
            Purchaser, any and all dividends and other amounts received by the
            Vendor as the recorded owner of the Shares; and

      (b)   transfer and deal with the Shares in such manner as the Purchaser
            may direct.

The Purchaser shall at all times hereafter indemnify and keep indemnified the
Vendor against all liabilities which the Vendor may incur by reason of the
Shares being held in trust in the name of the Vendor for the benefit of the
Purchaser.

                    ARTICLE 10: FURTHER ACTS AND ASSURANCES

10.1  Each of the parties shall, upon the reasonable request of the other party,
make, do, execute or cause to be made, done, or executed all such further and
other lawful acts, deeds, things, documents and assurances of whatsoever nature
and kind for the better performance of the terms and conditions of this
Agreement.

                                      -6-
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                              ARTICLE 11: NOTICES

11.1  Any notice, direction or other instrument required or permitted to be
given under the provisions of this Agreement shall be in writing and either
delivered personally, sent by prepaid registered mail or sent by facsimile to
the party to be notified. The addresses of the parties for such purpose shall
respectively be:

      (a)   to the Vendor at its registered office address; and

      (b)   to the Purchaser at its registered office address;

or to such other address in Canada of which either party may from time to time
notify the other.

11.2  Any notice, direction or other instrument shall:

      (a)   if delivered, be deemed to have been given or received on the day on
            which it was so delivered and if not on a business day then on the
            business day next following the day of delivery;

      (b)   if sent by facsimile shall be deemed to have been given or received
            on the same business day as it was sent, provided facsimile
            confirmation of receipt is received by the sender;

      (c)   if mailed, shall be deemed to have been given or received on the
            third day following the day on which it was mailed; and

      (d)   if mailed at a time when there is an interruption or an anticipated
            interruption of mail service affecting the delivery of such mail,
            shall be deemed to have been given or received on the fifth business
            day after the date that normal postal service is restored.

                          ARTICLE 12: ENTIRE AGREEMENT

12.1  This Agreement constitutes and contains the entire agreement between the
parties respecting the subject matter of this Agreement and supersedes any prior
agreements whether written or verbal.

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                             ARTICLE 13: ENUREMENT

13.1  This Agreement shall enure to the benefit of and be binding upon the
parties and their respective successors, personal representatives and assigns.

                            ARTICLE 14: COUNTERPART

14.1  This Agreement may be executed in counterparts with the same effect as if
all of the parties hereto had signed the same document. All counterparts shall
be construed together and shall constitute one and the same agreement. A
facsimile transmitted copy of this Agreement signed by a party, in counterpart
or otherwise, shall be deemed to be evidence of a properly executed, delivered
and binding agreement of the party so signing, notwithstanding any variation in
the actual dates of execution. The parties each agree to promptly return an
original duly executed counterpart of this Agreement following the transmission
of the facsimile transcribed copy thereof.

      IN WITNESS WHEREOF the parties have properly executed this Agreement, as
of the Effective Date.

                                            360 URBANLINK LTD.

                                            PER:
                                                --------------------------------

                                            URBANLINK HOLDINGS LTD.

                                            PER:
                                                --------------------------------

                                      -8-
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                                  SCHEDULE "A"
                                  ------------

              TO THAT CERTAIN ROLL-OVER AGREEMENT MADE BETWEEN 360
           URBANLINK LTD. (AS VENDOR) AND URBANLINK HOLDINGS LTD. (AS
                                   PURCHASER)
           ----------------------------------------------------------

                                     SHARES
                                     ------

Share Certificate #2-I (SER-1) representing 1000 shares of Series 1, being a
series of Class "I" Preferred Shares of WFI Urbanlink Ltd.

Share Certificate #2-I (SER-2) representing 1000 shares of Series 2, being a
series of Class "I" Preferred Shares of WFI Urbanlink Ltd.

Share Certificate #2-I (SER-3) representing 1000 shares of Series 3, being a
series of Class "I" Preferred Shares of WFI Urbanlink Ltd.

Share Certificate #2-I (SER-4) representing 1000 shares of Series 4, being a
series of Class "I" Preferred Shares of WFI Urbanlink Ltd.

Share Certificate #2A representing 100 Class "A" Common Voting Shares of WFI
Urbanlink Ltd.

<PAGE>

                                  SCHEDULE "B"
                                  ------------

              TO THAT CERTAIN ROLL-OVER AGREEMENT MADE BETWEEN 360
           URBANLINK LTD. (AS VENDOR) AND URBANLINK HOLDINGS LTD. (AS
                                   PURCHASER)
           ----------------------------------------------------------

                              SHARE CONSIDERATION
                              -------------------

Share Certificate #1B representing 510,000 Class "B" Common Non-Voting
Participating Shares in the capital of URBANLINK HOLDINGS Ltd.<PAGE>

                                                                   Exhibit 10.45

                        UNANIMOUS SHAREHOLDERS AGREEMENT

THIS AGREEMENT Dated For Reference the _____ day of April, 2000

BETWEEN:

        360NETWORKS INC.

        ("360")

AND:

        360 URBANLINK LTD.

        ("360-Holdco")

AND:

        WORLDWIDE FIBER HOLDINGS LTD.

        ("WFHL")

AND:

        URBANLINK HOLDINGS LTD.

        (the "Corporation")

AND:

        WFI URBANLINK LTD.

        ("Urbanlink")

WHEREAS:

A.      The Corporation owns all of the issued and outstanding shares of
Urbanlink.

B.      Urbanlink carries on business in Canada as a telecommunications common
carrier.

C.      360-Holdco and WFHL are the registered and beneficial holders of the
numbers of issued and outstanding shares in the capital of the Corporation set
out in Schedule C, which shares represent the only issued and outstanding shares
of the Corporation.

D.      360-Holdco is a wholly-owned indirect subsidiary of 360.

<PAGE>

E.      360-Holdco, WFHL and 360 wish to establish their respective rights and
obligations in respect of their shares in the Corporation and record their
agreement in respect of the other matters set out in this Agreement.

                                   SECTION 1
                               TERMS OF AGREEMENT

In consideration of the premises and the mutual covenants contained in this
Agreement, the parties to this Agreement covenant and agree each with the others
as follows:

1.1     INTERPRETATION

DEFINITIONS. For the purposes of this Agreement (including the recitals), the
terms in Schedule A shall have the meanings given to them in that Schedule.

MEANING OF CONTROL. For the purposes of this Agreement, "control" where used in
connection with a corporation means:

        (a)     the right to exercise a majority of the votes which may be voted
                at a general meeting of such corporation; or

        (b)     the right to elect or appoint directly or indirectly a majority
                of the directors of such corporation or other persons who have
                the right to manage or supervise the management of the affairs
                and business of the corporation.

ACCOUNTING TERMINOLOGY. All accounting terms not expressly defined in this
Agreement shall have the respective meanings usually ascribed to them in
accordance with generally accepted accounting principles in Canada.

MEANING OF PRO RATA. Unless the context otherwise requires, all rights,
obligations or other matters which are, under the terms of this Agreement, to be
determined on a proportionate or pro rata basis shall be determined on a basis
which is pro rata or proportionate to the total number of shares of the
Corporation issued and outstanding as of the date of such determination.

HEADINGS. The headings used in the Agreement are for convenience and reference
only and shall not affect the construction or interpretation of this Agreement.

SCHEDULES. The Schedules to this Agreement which are incorporated and form part
of this Agreement are as follows:

                A--Definitions

                B--Matters Requiring Unanimous Consent of Directors

                C--Capital Contributions

UNANIMOUS SHAREHOLDERS AGREEMENT. The Shareholders agree that this is a
Unanimous Shareholders Agreement for the purposes of the BUSINESS CORPORATIONS
ACT and will conduct

                                      -2-
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themselves and will cause the affairs of the Corporation to be conducted in
accordance with the terms of this Agreement.

                                   SECTION 2
                         REPRESENTATIONS AND WARRANTIES

2.1     REPRESENTATIONS OF 360-HOLDCO.

360-Holdco represents and warrants to each of the other parties that:

        (a)     360-Holdco is a corporation duly incorporated under the laws of
                the Province of Alberta, and is validly existing, subsisting and
                in good standing with respect to the filing of annual reports.

        (b)     360-Holdco has the corporate power to enter into this Agreement
                and to perform and observe its obligations and agreements set
                out in this Agreement.

        (c)     This Agreement has been duly executed and delivered by
                360-Holdco and is a valid and binding obligation of 360-Holdco
                enforceable in accordance with its terms.

2.2     REPRESENTATIONS OF WFHL.

WFHL represents and warrants to each of the other parties that:

        (a)     WFHL is a corporation duly incorporated under the laws of the
                Province of Alberta, and is validly existing, subsisting and in
                good standing with respect to the filing of annual reports.

        (b)     WFHL has the corporate power to enter into this Agreement and to
                perform and observe its obligations and agreements set out in
                this Agreement.

        (c)     This Agreement has been duly executed and delivered by WFHL and
                is a valid and binding obligation of WFHL enforceable in
                accordance with its terms.

2.3      REPRESENTATIONS OF 360.

360 represents and warrants to each of the other parties that:

        (a)     360 is a corporation duly continued under the laws of the
                Province of Nova Scotia, and is valid, subsisting and in good
                standing with respect to the filing of annual reports.

        (b)     360 has the corporate power to enter into this Agreement and to
                perform and observe its obligations and agreements set out in
                this Agreement;

        (c)     This Agreement has been duly executed and delivered by 360 and
                is a valid and binding obligation of 360 enforceable in
                accordance with its terms.

                                      -3-
<PAGE>

                                   SECTION 3
                         AGREEMENT ON CORPORATE MATTERS

3.1     CORPORATE MATTERS.

The Shareholders and the Corporation agree that, notwithstanding any provisions
to the contrary contained in the Articles of the Corporation or the Bylaws of
the Corporation, the corporate matters referred to in this Section 3 shall be
governed by the applicable provisions of this Section 3, and that in the case of
any inconsistency or conflict between the Articles of Corporation or the Bylaws
of the Corporation and the provisions of this Section 3, the provisions of this
Section 3 shall govern.

3.2     DIRECTORS.

Unless otherwise agreed in writing from time to time by 360-Holdco, the
Shareholders shall vote their Shares so that the Board of the Corporation, the
Board of Urbanlink and the Board of any other Subsidiary of the Corporation each
comprise a maximum of five directors, and that each such Board shall include one
nominee of 360-Holdco. Subject to the foregoing, if the position on any such
Board held by the nominee of 360 becomes vacant, 360 shall be entitled to
nominate a new director to fill the vacancy.

3.3     PRESIDENT

The President and Chief Executive Officer of the Corporation shall be an
individual selected by the Board. The President and Chief Executive Officer of
the Corporation shall also be the President and Chief Executive Officer of
Urbanlink and, unless otherwise approved by 360-Holdco, acting reasonably and in
good faith, the President and Chief Executive Officer of every other Subsidiary
of the Corporation. The President and Chief Executive Officer shall be a
Canadian, shall be a full-time employee, and shall not be a director, officer or
employee of 360 or any Subsidiary of 360.

3.4     FAILURE TO VOTE.

In the event that a director shall fail to vote and act as a director to carry
out the provisions of this Agreement, the Shareholders shall exercise their
rights as shareholders of the Corporation to remove such director from the Board
and, subject to Subsection 3.2, to elect in his or her place an individual who
will use his or her best efforts to carry out the provisions of this Agreement.

3.5     MATTERS REQUIRING UNANIMOUS APPROVAL OF DIRECTORS.

The matters set out in Schedule B shall only be undertaken with (in addition to
the consents or approvals, if any, required under the BUSINESS CORPORATIONS ACT,
the Articles of the Corporation or the Bylaws of the Corporation) the consent in
writing of the 360-Holdco nominee to the Board of the Corporation.

3.6     EXISTING SHAREHOLDER CAPITAL.

As at the date hereof, the Shares of each of the Shareholders are as set out in
Schedule C.

                                      -4-
<PAGE>

                                   SECTION 4
                        THE BUSINESS OF THE CORPORATION

4.1      THE BUSINESS

The parties acknowledge that the businesses that they intend the Corporation and
Urbanlink to carry on are the following:

        (a)     Unless otherwise agreed between 360 and WFHL, the Corporation
                shall hold of the issued and outstanding shares of Urbanlink.

        (b)     Urbanlink shall carry on business in Canada (and not elsewhere)
                as a telecommunications common carrier as defined in the
                TELECOMMUNICATIONS ACT.

Unless 360 and WFHL otherwise agree in writing, the Corporation and Urbanlink
shall not, either directly or indirectly, carry on any business other than a
business described above or a business that is incidental to or develops out of
the conduct of any business that the Corporation or Urbanlink may carry on in
accordance with this Section 4.1.

4.2     TELECOMMUNICATIONS ACT

The Corporation and Urbanlink and any other Subsidiaries of the Corporation
shall at all times comply with all of the requirements of the TELECOMMUNICATIONS
ACT including, without limiting the generality of the foregoing, those
provisions relating to the ownership and control of telecommunications common
carriers, as defined in the TELECOMMUNICATIONS ACT. Without limiting the
generality of the foregoing, 360, 360-Holdco and WFHL shall promptly take such
action as may from time to time be required in order to cause the Corporation,
Urbanlink and any other Subsidiaries of the Corporation to comply with all of
the requirements of the TELECOMMUNICATIONS ACT including, without limiting the
generality of the foregoing, those provisions relating to the ownership and
control of telecommunications common carriers as defined in the
TELECOMMUNICATIONS ACT.

4.3     HIGH YIELD DEBT INDENTURES

The Corporation, Urbanlink and WFHL covenant and agree with 360 and 360-Holdco
that, without the prior written consent of 360, the Corporation, Urbanlink, any
other Subsidiary of the Corporation and WFHL shall not take any action, or fail
to take any action or fail, if such action, or failure to act:

        (a)     would be, or with the passage of time, would be or result in, an
                Event of Default as defined in any of the High Yield Debt
                Indentures; or

        (b)     would be permitted under one or more of the High Yield Debt
                Indentures only in reliance on one of the "basket" clauses in
                the High Yield Debt Indentures, being one of those clauses where
                specifically described events are permitted to a specified
                limit, whether such limit is an amount fixed in the High Yield
                Indentures or is an amount determined by reference to a formula
                or other determination process or conditions.

                                      -5-
<PAGE>

                                   SECTION 5
                            RESTRICTIONS ON TRANSFER

5.1     RESTRICTION ON TRANSFER.

No Shareholder shall Transfer all or any part of its Interest to any person,
whether a Shareholder or not, except as otherwise expressly provided in this
Agreement.

5.2     RIGHT OF FIRST REFUSAL.

        (a)     A Shareholder (the "Offeror") desiring to transfer any or all of
                its Shares shall give written notice to the Corporation (the
                "Transfer Notice") specifying the number of its Shares that it
                desires to transfer (the "Offered Shares"), the price, in lawful
                money of Canada, for the Offered Shares, and the terms of
                payment upon which the Offeror is prepared to transfer the
                Offered Shares. The Transfer Notice shall constitute the
                Corporation as the agent of the Offeror for the sale of the
                Offered Shares to any other Shareholder or Shareholders at the
                price and upon the terms of payment specified in the Transfer
                Notice. The Transfer Notice shall also state whether the Offeror
                has received an offer to purchase (the "Third Party Offer") the
                Offered Shares, or any of them, from, or proposes to sell the
                Offered Shares, or any of them, to, any particular person or
                persons who are not Shareholders and, if so, the names and
                addresses of those persons and the price and terms in the Third
                Party Offer shall be specified in the Transfer Notice. The
                Transfer Notice shall constitute an offer by the Offeror to the
                other Shareholders to sell the Offered Shares to the other
                Shareholders and shall not be revocable.

        (b)     The Corporation shall forthwith upon receipt of the Transfer
                Notice transmit a copy of it to each Shareholder other than the
                Offeror and shall request that each such Shareholder state in
                writing, within 30 days from the date of the Transfer Notice,
                whether it is willing to purchase any of the Offered Shares and,
                if so, the maximum number it is willing to purchase.

        (c)     Upon the expiration of the 30-day notice period provided for in
                paragraph (b) above, if the Corporation has received from the
                Shareholders entitled to receive the Transfer Notice sufficient
                acceptances to purchase all the Offered Shares the Corporation
                shall thereupon apportion the Offered Shares among the
                Shareholders so accepting pro rata in proportion to the number
                of Shares held by each of them respectively up to the number of
                Offered Shares accepted by each of them respectively. If the
                Corporation did not receive sufficient acceptances to purchase
                all of the Offered Shares, the Corporation may, but only with
                the consent of the Offeror, who shall not be obliged to sell in
                the aggregate less than all the Offered Shares, apportion the
                Offered Shares among the Shareholders accepting pro rata in
                proportion to the number of Shares held by each of them
                respectively up to the number of the Offered Shares accepted by
                each of them respectively.

        (d)     Upon the Corporation's receipt of an acceptance to purchase all
                or any part of the Offered Shares and after an apportionment has
                been made pursuant to

                                      -6-
<PAGE>

                paragraph (c) above, if necessary, a binding contract of
                purchase and sale between the Offeror and the Shareholder who
                transmitted such acceptance shall be deemed to come into
                existence on the terms set out in this Agreement and the
                Transfer Notice, which contract will be completed in the manner
                provided in Section 8.

        (e)     After an apportionment has been made pursuant to paragraph (c)
                above and upon payment of the price for the Offered Shares
                apportioned, the Offeror shall be bound to transfer those shares
                in accordance with that apportionment and if the Offeror fails
                to do so the Corporation shall cause the names of the purchasing
                Shareholders to be entered in the register of members of the
                Corporation as the holders of those shares and shall cancel the
                share certificates previously issued to the Offeror representing
                those shares whether they have been produced to the Corporation
                or not. Payment to the Corporation, as agent for the Offeror, of
                the Purchase Price shall be sufficient payment by the purchasing
                Shareholders and entry of the transfers in the register of
                members of the Corporation shall be conclusive evidence of the
                validity of the transfers. Upon completion of the transfers, and
                delivery of the share certificates duly endorsed in blank for
                transfer, the Corporation shall pay the Purchase Price to the
                Offeror.

        (f)     The Offeror may, for a period of 60 days after the expiration of
                the 30-day period provided for in paragraph (b) above, transfer
                to any person the Offered Shares not purchased by other
                Shareholders pursuant to paragraphs (b), (c), (d) and (e) above,
                provided that:

                (i)     if the other Shareholders did not purchase any of the
                        Offered Shares, the Offeror may not sell less than all
                        the Offered Shares;

                (ii)    the Offeror shall sell the Offered Shares for cash at
                        Closing, free and clear of encumbrances, and on terms
                        that are otherwise identical to those specified in the
                        Transfer Notice;

                (iii)   the Offeror shall not sell any of the Offered Shares to
                        any person, unless at the time of the sale that person
                        complies with Subsection 5.5; and

                (iv)    if the Offeror has not transferred the Offered Shares or
                        any of them within the 60-day period, then the
                        provisions of this Subsection 5.2 shall again become
                        applicable to all of the Offered Shares not disposed of
                        within the 60-day period.

        (g)     The provisions as to transfers of Shares contained in paragraphs
                (a), (b), (c), (d), (e) and (f) of this Subsection 5.2 shall not
                apply:

                (i)     if, before the proposed transfer of Shares is made, the
                        other Shareholders waive their rights to receive the
                        Transfer Notice; or

                (ii)    to any transfer of Shares pursuant to the provisions of
                        Section 6 or 7 of this Agreement.

                                      -7-
<PAGE>

        (h)     The Offeror may include all or any part of its Shareholder's
                Loan (if any) in the Transfer Notice, in which case the
                Shareholder's Loan (or part thereof) shall be included in the
                price of the Offered Shares, and all references to Offered
                Shares in Subsection 5.2 shall include the portion of the
                Shareholder's Loan included therein. If the Offeror does not
                include its Shareholder's Loan in the Transfer Notice, the
                Offeror shall retain its Shareholder's Loan, which shall be
                repaid as the Corporation's finances permit, as determined by
                the directors.

5.3     TRANSFER TO AFFILIATES.

Notwithstanding Subsections 5.1 and 5.2, any Shareholder may sell, transfer or
otherwise dispose of all, but not less than all, of its Interest to an Affiliate
controlled by such Shareholder provided that, prior to any such transfer, the
Shareholder and the Affiliate enter into an agreement with the other parties to
this Agreement, in form and content acceptable to such parties, which provides
that:

        (a)     one hundred percent (100%) of the Shareholder's Interest will be
                transferred to the Affiliate;

        (b)     the Affiliate will remain an Affiliate controlled by the
                Shareholder for so long as the Affiliate holds the Interest;

        (c)     prior to the Affiliate ceasing to be an Affiliate controlled by
                the Shareholder, the Affiliate will transfer its Interest to the
                Shareholder or to another Affiliate controlled by the
                Shareholder, and that such other Affiliate will enter into an
                agreement similar to this Agreement with the other Shareholders
                and the Corporation;

        (d)     the Affiliate will otherwise be bound by and have the benefit of
                the provisions of this Agreement; and

        (e)     the obligations of the original Shareholder hereunder shall not
                in any way be released and shall continue in full force and
                effect.

5.4     NO TRANSFER BY DEFAULTING SHAREHOLDER.

Notwithstanding any other provision of this Agreement, except as required by the
terms of this Agreement, no Shareholder shall be entitled to sell, transfer,
assign or otherwise dispose of its Interest, or any part thereof, without the
prior written consent of the other Shareholders, if it is at that time a
Defaulting Shareholder, unless prior to or concurrently with that sale, transfer
or other disposition it ceases to be a Defaulting Shareholder.

5.5     FURTHER RESTRICTION OF TRANSFER.

No Shareholder shall transfer all or any part of its Interest to any person,
whether a Shareholder or not, who is not a party to or has not agreed to be
bound by this Agreement until such person subscribes to or agrees to be bound by
this Agreement. The Shareholders and the Corporation will not recognize or treat
as a shareholder of the Corporation any person who acquires any

                                      -8-
<PAGE>

interest or control over any Shares or afford any such person the rights
afforded by this Agreement or any of the incidents connected with being a
shareholder of the Corporation until such person subscribes to or agrees to be
bound by this Agreement, and the Shareholders need only deal with as a member of
the Corporation persons who have subscribed to or agreed to be bound by this
Agreement.

                                   SECTION 6
                                    DEFAULT

6.1     EVENTS OF DEFAULT.

An event of default (a "Default") arises if a Shareholder (a "Defaulting
Shareholder"):

        (a)     fails to observe, perform or carry out any of its obligations
                under this Agreement and such failure continues for 30 days
                after any Shareholder not in default (the "Non-defaulting
                Shareholder" individually and the "Non-defaulting Shareholders"
                collectively) gives a written notice of such default to the
                Defaulting Shareholder and the Corporation, which notice shall
                set out particulars of the Default and demand that the Default
                be cured;

        (b)     fails to take reasonable actions to prevent or defend
                assiduously any action, proceeding, seizure, execution, or
                attachment which claims possession, sale, foreclosure, the
                appointment of a receiver or receiver manager of the
                Shareholder's assets, or forfeiture or termination of or
                against, any of the Interest of the Defaulting Shareholder, and
                such failure continues for 30 days after a Non-defaulting
                Shareholder has in writing demanded that such actions be taken
                or the Defaulting Shareholder fails to defend successfully any
                such action, proceeding, seizure, execution or attachment; or

        (c)     commits or is the subject of an Insolvency Event.

6.2     REMEDIES.

If a Default occurs under Subsection 6.1, any one or more of the Non-defaulting
Shareholders may:

        (a)     pursue any remedy available in law or in equity, each
                Shareholder acknowledging that specific performance, injunctive
                relief (mandatory or otherwise) or other equitable relief may be
                the only adequate remedy for a Default;

        (b)     take all actions in their own name or in the name of the
                Defaulting Shareholder, the Shareholders or the Corporation as
                may reasonably be required to cure the Default, and all
                payments, costs and expenses incurred by the Non-defaulting
                Shareholder(s) shall be payable by the Defaulting Shareholder to
                the Non-defaulting Shareholder(s) on demand with interest at the
                Prime Rate plus 2% per annum;

                                      -9-
<PAGE>

        (c)     implement the buy-sell procedure set out in Subsection 6.3 by
                notifying the Corporation of the Default, the name of the
                Defaulting Shareholder and the Non-defaulting Shareholder's
                election to implement such procedure (the "Notice of Default");
                and

        (d)     waive the Default, provided that any waiver of a particular
                Default shall only be effective if it is in writing, signed by
                the Non-defaulting Shareholder, shall not operate as a waiver of
                any subsequent or continuing Default, and shall not be binding
                upon, or limit the remedies available to, any Non-defaulting
                Shareholder who has not signed such waiver.

6.3     BUY-SELL PROCEDURE ON DEFAULT.

In the event the buy-sell procedure in this Subsection 6.3 is implemented
pursuant to paragraph 6.2(c), the Defaulting Shareholder shall be deemed to
offer to sell (the "Offer") to the Corporation and the Non-Defaulting
Shareholder(s) all, but not less than all, of its Interest on the following
terms and conditions:

        (a)     the Purchase Price payable shall be equal to 85% of the fair
                market value of the Defaulting Shareholder's Interest determined
                as of the date of the Notice of Default in accordance with
                Subsection 9.2;

        (b)     upon receipt of the Notice of Default, the President of the
                Corporation shall forthwith:

                (i)     transmit the Notice of Default to each director of the
                        Corporation;

                (ii)    transmit the Notice of Default to each of the
                        Non-defaulting Shareholder(s); and

                (iii)   call a meeting of the Board to consider the Offer;

        (c)     the Corporation shall have the first right to accept the Offer,
                in whole or in part, and to the extent that it is accepted, the
                Non-defaulting Shareholder(s) agree to refuse any pro rata offer
                by the Corporation to purchase the Interest which is required to
                be made by the Corporation under the BUSINESS CORPORATIONS ACT,
                the Articles of the Corporation, the Bylaws of the Corporation
                or this Agreement;

        (d)     if the Offer is not wholly accepted by the Corporation within 30
                days after the date of the Notice of Default:

                (i)     the Secretary of the Corporation shall advise the
                        Non-defaulting Shareholder(s) of the extent to which the
                        Offer is still open, forthwith upon the expiration of
                        the aforesaid 30-day period;

                (ii)    that portion of the Offer not accepted by the
                        Corporation shall be open for acceptance within the next
                        30 days by the Non-defaulting Shareholder(s)

                                      -10-
<PAGE>

                        pro rata in accordance with their respective
                        shareholdings in the Corporation;

                (iii)   acceptance by the Non-defaulting Shareholder(s) of the
                        Offer shall be by notice to the Secretary of the
                        Corporation and by such acceptance a Non-defaulting
                        Shareholder may specify any additional portion of the
                        Interest offered for sale that such Non-defaulting
                        Shareholder is prepared to purchase in the event that
                        any of the other Non-defaulting Shareholder(s) fails to
                        accept such Offer, and if any of the other
                        Non-defaulting Shareholder(s) fails to accept such
                        Offer, such Non-defaulting Shareholder (pro rata if more
                        than one) shall be entitled to purchase such additional
                        portion of the Interest as shall be so available;

                (iv)    the Secretary of the Corporation shall advise each of
                        the directors of the Corporation of the extent to which
                        the Offer is still open forthwith upon the expiration of
                        the aforesaid 30-day period;

        (e)     after compliance with paragraph 6.3(d), to the extent the Offer
                has not been accepted, the Corporation shall be deemed to accept
                the Offer with respect to such portion of the Interest as shall
                then be available; and

        (f)     upon the acceptance of the Offer, a binding contract of purchase
                and sale for the Interest of the Defaulting Shareholder shall be
                deemed to be formed between the Defaulting Shareholder and the
                Corporation and/or the Non-defaulting Shareholder(s), as the
                case may be, on the terms and conditions set out in the Offer
                and this Agreement, which contract shall be completed in the
                manner provided in Section 8.

6.4     MONIES HELD.

If and so long as a Shareholder is a Defaulting Shareholder, all monies payable
to that Defaulting Shareholder by the Corporation by way of dividends, repayment
of loans or other distributions shall be held by the Corporation until such time
as the Shareholder is no longer a Defaulting Shareholder.

                                   SECTION 7
                    BUY SELL ON CHANGE OF TELECOMMUNICATIONS
                           ACT OWNERSHIP REQUIREMENTS

7.1     COMPULSORY BUY SELL

On the determination of 360, acting reasonably and in good faith, that the
TELECOMMUNICATIONS ACT has been amended to eliminate the requirement for the
Canadian ownership and control of telecommunications common carriers, as defined
in the TELECOMMUNICATIONS ACT, or has otherwise been amended sufficiently to
permit the transactions contemplated by this Section, then 360 shall send a
notice in writing to WFHL of such determination (the "Section 7 Notice") and, on
the occurrence of such event, WFHL shall be deemed to offer to sell to
360-Holdco all of its Interest on the following terms and conditions:

                                      -11-
<PAGE>

        (a)     the purchase price payable shall be the fair market value of
                WFHL's Interest determined as of the date of the Section 7
                Notice in accordance with Subsection 9.2;

        (b)     upon the giving of the Section 7 Notice, a binding contract of
                purchase and sale for the purchase by 360-Holdco and the sale by
                WFHL of the Interests of WFHL shall be deemed to be formed
                between 360-Holdco and WFHL on the terms and conditions set out
                in this Agreement, which contract shall be completed in the
                manner provided in Section 8.

                                   SECTION 8
                            COMPLETION OF TRANSFERS

8.1     TIME AND PLACE OF CLOSING.

Except as otherwise expressly provided in this Agreement, or unless the
Purchaser and the Vendor otherwise agree in writing, each contract of purchase
and sale arising out of Sections 5, 6 or 7 shall be completed at a Closing to be
held at 11:00 a.m., Vancouver time, at the office of the Corporation in
Vancouver or at such other place as the parties to such contract may agree, on
the day (the "Closing Date") which is the later of:

        (a)     60 days following the date on which such contract is formed; and

        (b)     30 days following the final determination of the Purchase Price
                thereunder;

or, if such day is not a Business Day, on the next Business Day.

8.2     PARTIES TO THE CONTRACT.

In this Section 8, a contract referred to in Subsection 8.1 is called a
"Contract", and the Shares or Interest to be sold and purchased pursuant to a
Contract are called the "Transfer Interest".

8.3     PAYMENT FOR TRANSFER INTEREST.

Except as otherwise expressly provided in this Agreement, or unless the
Purchaser and the Vendor otherwise agree in writing, the Purchase Price for the
Transfer Interest shall be paid in full on the Closing Date.

8.4     CLOSING DOCUMENTS AND ESCROW BY CORPORATION.

        (a)     In addition to any other documents required by this Agreement or
                the terms of the Contract, the Vendor shall deliver to the
                Corporation at the Closing, duly executed where appropriate:

                (i)     an instrument of transfer, share certificates
                        representing the shares being transferred, duly endorsed
                        for transfer, and such other documents as may be
                        necessary to assign and transfer the Transfer Interest
                        to the Purchaser;

                                      -12-
<PAGE>

                (ii)    the resignation of the Vendor and any persons nominated
                        by the Vendor as directors or officers of the
                        Corporation from all offices and directorships in the
                        Corporation and its Subsidiaries, effective on the
                        Closing Date;

                (iii)   if the Vendor is indebted to the Corporation, a
                        certified cheque of the Vendor payable to the
                        Corporation for the amount of such indebtedness; and

                (iv)    all such other documents and assurances as may be
                        required to comply with and to fulfil the intent of this
                        Agreement and the terms of the Contract.

        (b)     In addition to any other documents and things required by this
                Agreement or the terms of the Contract, the Purchaser shall
                deliver to the Vendor at the Closing, duly executed where
                appropriate, against delivery by the Vendor to the Purchaser of
                the documents referred to in paragraph 8.4(a):

                (i)     the Purchase Price for the Transfer Interest payable at
                        the Closing in cash or by certified cheque drawn on a
                        Canadian chartered bank; and

                (ii)    all such other documents and assurances as may be
                        required to comply with and to fulfil the intent of this
                        Agreement and the terms of the Contract.

        (c)     All documents delivered by the Vendor to the Corporation at or
                before the Closing shall be held by the Corporation until the
                Purchaser has delivered all documents and paid all money
                required to be delivered or paid to the Vendor by the Purchaser
                at the Closing, at which time the Corporation shall deliver to
                the Purchaser the documents delivered by the Vendor pursuant to
                paragraph 8.4(a) and the transfer of the Transfer Interest to
                the Purchaser shall be completed by the Corporation and new
                certificates issued for the Shares included in the Transfer
                Interest.

8.5     TIME TO BE OF THE ESSENCE.

Time shall be of the essence of each Contract and each Contract shall be binding
upon the parties thereto and upon their respective heirs, executors,
administrators, successors, legal representatives and assigns.

8.6     FAILURE TO COMPLETE.

        (a)     If the Vendor fails to attend the Closing or is present but
                fails for any reason whatsoever to complete the sale of the
                Transfer Interest when the Purchaser is ready, willing and able
                to do so, the Purchaser may deposit the Purchase Price for the
                Transfer Interest into a special account at any branch in
                Vancouver, British Columbia of any Canadian chartered bank in
                trust for the Vendor and such deposit shall constitute valid and
                effective payment to the Vendor at the Closing even though the
                Vendor may have voluntarily encumbered or disposed of any of

                                      -13-
<PAGE>

                the Transfer Interest and notwithstanding the fact that a
                certificate or certificates representing any of the Transfer
                Interest may have been delivered to any pledgee, transferee or
                other person.

        (b)     If the Purchaser deposits the Purchase Price for the Transfer
                Interest into a special account pursuant to paragraph 8.6(a),
                then from and after the date of such deposit (even if any
                certificate representing any of the Transfer Interest has not
                been delivered to the Purchaser or the Corporation) the sale and
                purchase of the Transfer Interest shall be deemed to have been
                completed and all right, title, benefit and interest, both at
                law and in equity, in and to the Transfer Interest shall be
                conclusively deemed to have been transferred and assigned to and
                become vested in the Purchaser and all right, title, benefit and
                interest, both at law and in equity, of the Vendor, and of any
                other assignee, transferee or other person having any interest,
                legal or equitable, in or to the Transfer Interest, whether as a
                shareholder or creditor of the Corporation or the Vendor, or
                otherwise, shall cease and determine, but the Vendor shall be
                entitled to receive the Purchase Price for the Transfer
                Interest, without interest, upon completion of all acts and
                deeds as were required of the Vendor to complete the sale of the
                Transfer Interest.

        (c)     For the purposes of this Subsection 8.6, each Shareholder hereby
                irrevocably constitutes and appoints each other Shareholder as
                its true and lawful attorney in fact and agent for, in the name
                of and on behalf of such first Shareholder to execute and
                deliver, and to receive delivery of, all such assignments,
                transfers, deeds, assurances and instruments as may be necessary
                to effectively complete the sale of any Interest pursuant to
                Sections 5, 6 or 7 on the records of the Corporation, and such
                appointment and power of attorney shall not be revoked by the
                bankruptcy, insolvency, winding-up, liquidation, dissolution,
                incapacity or death of such first Shareholder and such first
                Shareholder hereby ratifies and confirms and agrees to ratify
                and confirm all that any other Shareholder, as attorney in fact
                and agent for, in the name of and on behalf of such first
                Shareholder, may lawfully do or cause to be done by virtue of
                this paragraph 8.6(c).

        (d)     If the Purchaser defaults at the Closing in paying the Purchase
                Price for the Transfer Interest, then the Vendor may, by
                delivering written notice to the Purchaser and the Corporation
                that the Vendor is terminating the Contract, terminate the
                Contract and retake possession of the Transfer Interest as the
                absolute owner thereof, in which event the rights of the
                Purchaser in respect of the Transfer Interest shall revert to
                the Vendor and the Vendor shall be entitled, upon delivering to
                the Corporation and each Shareholder its duly executed
                subscription to this Agreement to the return from the
                Corporation of the documents delivered by the Vendor to the
                Corporation in escrow in connection with the Contract.

        (e)     If either the Vendor or the Purchaser fails to complete the
                Contract as required herein, the Contract is specifically
                enforceable and nothing in this Agreement shall be construed to
                mitigate the availability of the remedy of specific performance
                in respect of the Contract in a court of law.

                                      -14-
<PAGE>

8.7     WAIVER AND CONSENTS.

Each of the Shareholders hereby expressly consents to the transfer of any Shares
or Interests transferred in accordance with this Agreement, agrees to execute
promptly on demand specific waivers and consents if requested by another party,
covenants and agrees to waive any restriction on transfer contained in the
Articles of the Corporation or the Bylaws of the Corporation in order to give
effect to such transfers and agrees to vote in favour of or consent in writing
to resolutions of the members (if applicable) of the Corporation approving the
transfer of any Shares or Interests which is not prohibited by this Agreement.
In the case of any transfer of Shares in accordance with this Agreement where
the Corporation is the Purchaser of such Shares, the Shareholders other than the
Vendor in respect of such Contract hereby waive their rights to require the
Corporation to purchase their Shares, except as expressly set forth in this
Agreement and covenant to reject any pro rata offer to purchase Shares which the
Corporation may be obliged to make pursuant to the provisions of the BUSINESS
CORPORATIONS ACT.

                                   SECTION 9
                         GENERAL PROVISIONS ON TRANSFER

9.1     TRANSFER OF SHARES.

The transfer of the Shares or Interest of any Shareholder pursuant to any of the
terms of this Agreement shall be subject to the general provisions set out in
this Section 9. In the event of any inconsistency between any of the provisions
of Sections 5, 6 or 7 and any of the provisions of this Section 9, the
provisions of this Section 9 shall govern.

9.2     DETERMINATION OF FAIR MARKET VALUE.

        (a)     Where pursuant to the provisions of Sections 6 or 7 of this
                Agreement a determination of the fair market value of an
                Interest is required to be made (in this Subsection 9.2 referred
                to as the "Subject Interest"), a Shareholder may give written
                notice to the other Shareholders requesting that the
                Shareholders forthwith meet and attempt in good faith to agree
                upon the fair market value of the Subject Interest. In the event
                that all of the Shareholders are able to reach agreement on the
                fair market value of the Subject Interest, such agreed value
                shall be deemed to be the fair market value of the Subject
                Interest for the purposes of this Agreement.

        (b)     In the event that the Shareholders are for any reason unable to
                reach agreement on the fair market value of the Subject Interest
                within 14 days of the delivery of the notice referred to in
                paragraph 9.2(a), then the Shareholders shall forthwith meet for
                the purposes of identifying and retaining a valuator (the "First
                Valuator") for the purpose of determining the fair market value
                of the Subject Interest. Unless otherwise unanimously agreed by
                the Shareholders, the First Valuator shall be an accountant
                practising with the Auditors who has at least five years'
                experience in valuating businesses and is accredited as a
                chartered business valuator. In the event that the Shareholders
                do not agree upon a First Valuator within 30 days of the
                delivery of the notice referred to in paragraph 9.2(a), then any
                Shareholder

                                      -15-
<PAGE>

                may refer the determination of the First Valuator to arbitration
                pursuant to Section 11.

        (c)     The First Valuator shall prepare and deliver to each of the
                Shareholders a written report (the "First Valuation Report")
                setting out its Valuation of the Subject Interest as soon as
                possible, and in any event within 45 days after being retained.

        (d)     Any Shareholder may within 30 days of its receipt of the First
                Valuation Report provide written notice to the other
                Shareholders advising that it wishes to have a second Valuation
                of the Subject Interest undertaken. If no such notice is given,
                the First Valuation Report shall be final and binding on the
                parties. If such notice is given the Shareholders shall
                forthwith meet for the purposes of identifying and retaining a
                second valuator (the "Second Valuator") for the purpose of
                preparing a second Valuation of the Subject Interest. The Second
                Valuator shall be an accountant practising with a national
                accounting firm other than the Auditors and who has the
                experience and credentials referred to in paragraph 9.2(b). In
                the event that the Shareholders do not agree upon a Second
                Valuator within 14 days of the delivery of the notice referred
                to in this paragraph, then any Shareholder may refer the
                determination of the Second Valuator to arbitration pursuant to
                Section 11.

        (e)     The Second Valuator shall prepare and deliver to each of the
                Shareholders a written report (the "Second Valuation Report")
                setting out its Valuation of the Subject Interest as soon as
                possible, and in any event within 45 days after being retained.
                Where a Second Valuation Report has been prepared, the fair
                market value of the Subject Interest for the purposes of
                Sections 6 and 7 of this Agreement shall be equal to the average
                of the fair market values of the Subject Interest as set out in
                the First Valuation Report and the Second Valuation Report.

        (f)     The Corporation and each of the Shareholders shall make
                available to the First Valuator and the Second Valuator all
                books, records and other data and information in their
                possession or control as the First Valuator or Second Valuator
                may reasonably require for the purposes of its valuation.

        (g)     In determining the fair market value of the Subject Interest
                under this Subsection 9.2, the First Valuator and the Second
                Valuator may apply such principles of valuation as each
                considers appropriate in the circumstances provided that:

                (i)     there shall be no premium for a control position or
                        discount for a minority position;

                (ii)    the fair market value of any Shareholder Loans shall not
                        be discounted by reason only of the fact that such Loans
                        are not demand loans and may not bear interest; and

                (iii)   the Corporation shall be valued on a going concern
                        basis.

                                      -16-
<PAGE>

        (h)     The Corporation shall pay all fees and expenses charged by the
                First Valuator for preparing the First Valuation Report. The
                Shareholder(s) who request the Second Valuation shall pay all
                fees and expenses charged by the Second Valuator for preparing
                the Second Valuation Report.

        (i)     The First Valuator and the Second Valuator shall be entitled to
                retain such qualified independent appraisers as each may deem
                appropriate to assist with its valuation.

9.3     PAYMENT OF LIENS ON SHARES.

Notwithstanding anything in this Agreement to the contrary, if by reason of any
lien, charge or encumbrance on the Interest of the Vendor, the Vendor is unable
to make delivery of the Vendor's Interest free and clear of all charges, liens
or encumbrances to the Purchaser within the time limited therefor, the Purchaser
shall be at liberty to make payment to the holder of the lien or charge or the
governmental authority imposing the duty, tax, levy or lien, which payment shall
be deemed to be payment to the Vendor and shall be applied in reduction of the
unpaid balance of the Purchase Price and interest accrued thereon.

                                   SECTION 10
                            TERMINATION OF AGREEMENT

10.1    METHOD OF TERMINATION.

This Agreement shall cease and determine on the execution of an agreement of
termination of this Agreement in writing by all of the Shareholders.

                                   SECTION 11
                                  ARBITRATION

11.1    ARBITRATION.

Except for any determination of the value of an Interest made in accordance with
Subsection 9.2, which determination shall be final and binding on the parties,
all disputes arising out of or in connection with this contract, or in respect
of any defined legal relationship associated therewith or derived therefrom,
shall be referred to and finally resolved by arbitration under the Rules of the
British Columbia International Commercial Arbitration Centre. The appointing
authorities shall be the British Columbia International Commercial Arbitration
Centre. The case shall be administered by the British Columbia International
Commercial Arbitration Centre in accordance with its "Procedures for Cases Under
the BCICAC Rules". There shall be a single arbitrator (the "Arbitrator"). The
place of arbitration shall be Vancouver, British Columbia, Canada.

11.2    FINAL AND BINDING.

The decision of the Arbitrator on all issues or matters submitted to the
Arbitrator for resolution shall be conclusive, final and binding on all of the
parties.

                                      -17-
<PAGE>

11.3    COSTS.

The Arbitrator shall determine who shall bear the costs of arbitration pursuant
to this Section 11.

                                   SECTION 12
                                    GENERAL

12.1    LEGEND ON SHARE CERTIFICATES.

All share certificates issued by the Corporation (including existing
certificates) shall have typed or otherwise written thereon the following
legend:

        "The shares represented by this certificate are subject to the
        provisions of a Unanimous Shareholders Agreement dated as of April ___,
        2000 among 360networks inc., 360 Urbanlink Ltd., Worldwide Fiber
        Holdings Ltd., the Corporation and WFI Urbanlink Ltd., which agreement
        contains restrictions on the right of the holder hereof to sell,
        exchange, transfer, assign, gift, pledge, encumber, hypothecate or
        otherwise alienate the shares represented hereby and notice of those
        restrictions is hereby given."

12.2    GOVERNING LAW AND ATTORNMENT

This Agreement will be governed by and construed in accordance with the
substantive laws of Alberta and the federal laws of Canada applicable in
Alberta, without regard to the conflict of law rules of Alberta. The parties
irrevocably submit to and accept generally and unconditionally the exclusive
jurisdiction of the courts and appellate courts of Alberta with respect to any
legal action or proceeding which may be brought at any time relating in any way
to this Agreement. Each of the parties irrevocably waives any objection it may
now or in the future have to the venue of any such action or proceeding, and any
claim it may now or in the future have that any such action or proceeding has
been brought in an inconvenient forum.

12.3    TIME OF THE ESSENCE OF THE AGREEMENT

Unless otherwise specifically provided in this Agreement, time will be of the
essence of this Agreement and of the transactions contemplated by this
Agreement.

12.4    REMEDIES NOT EXCLUSIVE

The remedies provided to the parties under this Agreement are cumulative and not
exclusive to each other, and any such remedy will not be deemed or construed to
affect any right which any of the parties is entitled to seek at law, in equity
or by statute.

12.5    NOTICES

Any notice, direction, request or other communication required or contemplated
by any provision of this Agreement will be given in writing and will be given by
delivering or faxing or emailing the same to the parties as follows:

                                      -18-
<PAGE>

        (a)     To 360 or 360-Holdco at:

                Suite 1510, 1066 West Hastings Street
                Vancouver, B.C.  V6E 3X1

                Attention:    Catherine McEachern
                Fax No.:      (604) 681-0994
                Email:        catherine.mceachern@wwfiber.com

        (b)     To WFHL, the Corporation or Urbanlink at:

                Suite 1000, 1066 West Hastings Street
                Vancouver, B.C.  V6E 3X1

                Attention:    Bill Ramsey
                Fax No.:      (604) 681-5372
                Email:        bill.ramsey@wwfiber.com

Any such notice, direction, request or other communication will be deemed to
have been given or made on the date on which it was delivered or, in the case of
fax or email, on the next business day after receipt of transmission. Any party
may change its fax number or address for service or email address from time to
time by written notice in accordance with this Section.

12.6    COUNTERPARTS

This Agreement may be executed in any number of counterparts with the same
effect as if all parties had signed the same document. All of these counterparts
will for all purposes constitute one agreement, binding on the parties,
notwithstanding that all parties are not signatories to the same counterpart. A
fax transcribed copy or photocopy of this Agreement executed by a party in
counterpart or otherwise will constitute a properly executed, delivered and
binding agreement or counterpart of the executing party.

12.7    WAIVER

No failure or delay on the part of any party in exercising any power or right
under this Agreement will operate as a waiver of such power or right. No single
or partial exercise of any right or power under this Agreement will preclude any
further or other exercise of such right or power. No modification or waiver of
any provision of this Agreement and no consent to any departure by any party
from any provision of this Agreement will be effective until the same is in
writing. Any such waiver or consent will be effective only in the specific
instance and for the specific purpose for which it was given. No notice to or
demand on any party in any circumstances will entitle such party to any other or
further notice or demand in similar or other circumstances.

12.8    SHAREHOLDERS TO TAKE FURTHER STEPS

Each Shareholder shall take all necessary actions (including amending the
articles of the Corporation) and shall exercise that Shareholder's rights as a
Shareholder of the Corporation to

                                      -19-
<PAGE>

cause the Corporation to pass all necessary resolutions and effect all necessary
corporate acts to comply with the intent and provisions of this Agreement,
including the convening and attending at meetings, voting approval of necessary
resolutions, or otherwise as may be necessary for the purpose of this Agreement.

12.9    CORPORATION TO BE BOUND

The Corporation, so far as its powers apply, shall be bound by the terms of this
Agreement and shall do and perform all such acts and things and execute all such
documents and assurances as it has power to do and as is necessary to fully and
effectually carry out the terms of this Agreement.

12.10   ENTIRE AGREEMENT

This Agreement and any documents and agreements to be delivered pursuant to this
Agreement supersede all previous invitations, proposals, letters,
correspondence, negotiations, promises, agreements, covenants, conditions,
representations and warranties with respect to the subject matter of this
Agreement. There is no representation, warranty, collateral term or condition or
collateral agreement affecting this Agreement, other than as expressed in
writing in this Agreement. No trade terms or trade usages are to be incorporated
by reference implicitly or otherwise into this Agreement, unless expressly
referred to in this Agreement.

12.11   AMENDMENTS

No change or modification of this Agreement will be valid unless it is in
writing and signed by each party to
this Agreement.

12.12   INVALIDITY OF PARTICULAR PROVISION

If any provision of this Agreement or any part of any provision (in this Section
called the "Offending Provision") is declared or becomes unenforceable, invalid
or illegal for any reason whatsoever including, without limiting the generality
of the foregoing, a decision by any competent courts, legislation, statutes,
bylaws or regulations or any other requirements having the force of law, then
the remainder of this Agreement will remain in full force and effect as if this
Agreement had been executed without the Offending Provision.

12.13   CURRENCY

Unless otherwise specified all sums of money expressed in this Agreement are in
the lawful money of Canada.

12.14   NUMBER AND GENDER

Unless the context of this Agreement otherwise requires, to the extent necessary
so that each clause will be given the most reasonable interpretation, the
singular number will include the plural and vice versa, the verb will be
construed as agreeing with the word so substituted, words importing the
masculine gender will include the feminine and neuter genders, words importing

                                      -20-
<PAGE>

persons will include firms and corporations and words importing firms and
corporations will include individuals.

12.15   ACKNOWLEDGEMENT OF RECEIPT

Each of the parties acknowledges receiving an executed copy of this Agreement.

12.16   ENUREMENT

Subject to the restrictions on transfer contained in this Agreement, this
Agreement will enure to the benefit of and be binding on the parties and their
respective heirs, executors, administrators, successors and assigns.

                     [THE NEXT PAGE IS THE EXECUTION PAGE.]

                                      -21-
<PAGE>

IN WITNESS WHEREOF the parties have executed this Agreement as of the date
stated on the first page.

360NETWORKS INC.                             360 URBANLINK LTD.

Per:                                         Per:

-----------------------------------          -----------------------------------
Signature                                    Signature

Name                                         Name
    -------------------------------              -------------------------------

Title                                        Title
     ------------------------------               ------------------------------

WORLDWIDE FIBER HOLDINGS                     WFI URBANLINK LTD.
LTD.

Per:                                         Per:

-----------------------------------          -----------------------------------
Signature                                    Signature

Name                                         Name
    -------------------------------              -------------------------------

Title                                        Title
     ------------------------------               ------------------------------

URBANLINK HOLDINGS LTD.

Per:

-----------------------------------
Signature

Name
    -------------------------------

Title
     ------------------------------

                                      -22-
<PAGE>

                                   SCHEDULE A
                                  DEFINITIONS

The following words shall whenever used in this Agreement have the following
meanings:

"AFFILIATE" has the meaning given to that term in the BUSINESS CORPORATIONS ACT
in effect on the date hereof;

"ARBITRATOR" has the meaning given to that term in Subsection 11.1;

"AUDITORS" means:

        (a)     if the Corporation has appointed an auditor, the auditor of the
                Corporation most recently appointed; or

        (b)     if the Corporation has not so appointed an auditor, the firm of
                chartered accountants most recently engaged by the Corporation
                to advise upon, or assist in the preparation of, review, or
                report on, its financial statements.

"BANK" means The Toronto-Dominion Bank or such other bank or financial
institution as the Board may from time to time determine;

"BOARD" means, with respect to any corporation, the board of directors of such
Corporation;

"BUSINESS CORPORATIONS ACT" means the BUSINESS CORPORATIONS ACT (Alberta), as
amended;

"BUSINESS DAY" means any day except Saturdays, Sundays or statutory holidays in
British Columbia;

"CLOSING" means any closing of the purchase and sale of an Interest of a
Shareholder as provided in this Agreement;

"CLOSING DATE" has the meaning given to that term in Subsection 8.1;

"CONTRACT" has the meaning given to that term in Subsection 8.2;

"DEFAULT" has the meaning given to that term in Subsection 6.1;

"DEFAULTING SHAREHOLDER" has the meaning given to that term in Subsection 6.1;

"FIRST VALUATION REPORT" has the meaning given to that term in paragraph 9.2(c);

"FIRST VALUATOR" has the meaning given to that term in paragraph 9.2(b);

"HIGH YIELD DEBT INDENTURES" means (i) the Indenture dated as of December 23,
1998 between 360 (then called Worldwide Fiber Inc.) and HSBC Bank USA (then
called Marine Midland Bank), as amended from time to time, (ii) the Indenture
dated as of July 28, 1999 between 360 (then called Worldwide Fiber Inc.) and
HSBC Bank USA, as amended from time to time, (iii)

                                      -23-
<PAGE>

any similar Indentures that may be entered into by 360 from time to time, as
amended from time to time, and (iv) any other credit arrangements entered into
by 360, as amended from time to time.

"INSOLVENCY EVENT" means the winding-up or liquidation of a corporation, the
institution of proceedings to be adjudicated a bankrupt or insolvent under the
BANKRUPTCY AND INSOLVENCY ACT (Canada) or any analogous laws, the consenting to
the institution of such proceedings, the consenting to the filing of any
petition under the BANKRUPTCY AND INSOLVENCY ACT (Canada) or to the appointment
of a receiver or receiver manager, the making of a general assignment for the
benefit of creditors, the filing of a proposal to settle payment of creditors'
liabilities under the COMPANIES' CREDITORS ARRANGEMENT ACT, the admission in
writing of insolvency, the taking of any action in furtherance of any of the
above, the passing of a resolution by a corporation for its winding-up or
dissolution pursuant to the BUSINESS CORPORATIONS ACT;

"INTEREST" means, in respect of each Shareholder, all of that Shareholder's
Shares and Shareholder's Loans and any other right or claim that the Shareholder
may have against the Corporation and the other Shareholders in that
Shareholder's capacity as a member of the Corporation;

"NON-DEFAULTING SHAREHOLDER" has the meaning given to that term in paragraph
6.1(a);

"NOTICE OF DEFAULT" has the meaning given to that term in paragraph 6.2(c);

"OFFER" has the meaning given to that term in Subsection 6.3;

"OFFERED SHARES" has the meaning given to that term in paragraph 5.2(a);

"OFFEROR" has the meaning given to that term in paragraph 5.2(a);

"PRIME RATE" means the annual rate of interest designated from time to time by
the Bank as its prime rate for Canadian dollar loans made in Canada;

"PURCHASE PRICE" means, with respect to any sale and purchase of an Interest of
a Shareholder, the amount payable to purchase such Interest as determined in
accordance with the provisions of this Agreement applicable to that sale and
purchase;

"PURCHASER" means a Shareholder who is the purchaser of Shares or of an Interest
pursuant to any of the provisions of this Agreement;

"RESELLER AGREEMENT" means the Reseller Agreement dated as of the date of this
Agreement and made between 360, Worldwide Fiber Network Services Ltd. and
Urbanlink, as amended from time to time;

"SECOND VALUATION REPORT" has the meaning given to that term in paragraph
9.2(e);

"SECOND VALUATOR" has the meaning given to that term in paragraph 9.2(d);

"SECTION 7 NOTICE" has the meaning given to that term in Subsection 7.1;

                                      -24-
<PAGE>

"SHAREHOLDER" means at any time a person that is (x) a party to this Agreement
that is bound by this Agreement at the time and holds one or more Shares at the
time or (y) a person that becomes bound by this Agreement at any time and is
bound by this Agreement at the time and holds one or more Shares at the time,
and "SHAREHOLDERS" means all of them;

"SHAREHOLDER'S OR SHAREHOLDERS' LOANS" means, in respect of each Shareholder,
the aggregate amount of money advanced from time to time as a loan by that
Shareholder to the Corporation and not repaid, together with accrued and unpaid
interest, if any;

"SHARES" means, in respect of each Shareholder, all of the shares in the capital
of the Corporation directly or indirectly owned by that Shareholder or in
respect of which that Shareholder has any right to purchase (except under this
Agreement);

"SUBSIDIARY" has the meaning given to that term in the BUSINESS CORPORATIONS ACT
in effect on the date hereof;

"TELECOMMUNICATIONS ACT " means the TELECOMMUNICATIONS ACT (Canada) and the
Regulations issued pursuant to such Act (including, without limiting the
generality of the foregoing, the Regulations Respecting the Ownership and
Control of Canadian Telecommunications Common Carriers) as amended from time to
time;

"THIRD PARTY OFFER" has the meaning given to that term in paragraph 5.2(a);

"TRANSFER" of an Interest includes any sale, exchange, transfer, assignment,
gift, pledge, encumbrance, hypothecation, alienation or other transaction,
whether voluntary, involuntary or by operation of law, whether in whole or in
part, by which the legal or beneficial ownership of, or any security interest or
other interest in an Interest, passes from one person to another, or to the same
person in a different capacity, whether or not for value, and "to transfer",
"transferred" and similar expressions have corresponding meanings;

"TRANSFER INTEREST" has the meaning given to that term in Subsection 8.2;

"TRANSFER NOTICE" has the meaning given to that term in paragraph 5.2(a);

"VALUATION" means a valuation prepared pursuant to Subsection 9.2 and which
expresses the value per Share and per dollar amount of any Shareholder's Loan;
and

"VENDOR" means a Shareholder who is the seller of an Interest or Interests
pursuant to any of the provisions of this Agreement.

                                      -25-
<PAGE>

                                   SCHEDULE B
                MATTERS REQUIRING UNANIMOUS CONSENT OF DIRECTORS

Pursuant to Subsection 3.5 of the Agreement, the following matters shall require
the written consent of the 360 nominee to the Board of the Corporation:

        (a)     except for any expenditures contemplated by an approved capital
                expenditure or operating budget, any single expenditure of the
                Corporation and its Subsidiaries, in excess of $20 million per
                year, or any series of related expenditures which exceed, in the
                aggregate, the sum of $20 million per year, other than
                expenditures that the Corporation and its Subsidiaries can
                recover under the Reseller Agreement;

        (b)     the entering into, execution, acknowledgement, amendment,
                supplement, cancellation or termination of any Material Contract
                on behalf of the Corporation or any Subsidiary of the
                Corporation and, for this purpose, "Material Contract" means any
                of the following:

                (i)     any contract, agreement or other instrument to be
                        entered into by the Corporation or any Subsidiary of the
                        Corporation with any Shareholder or an Affiliate of a
                        Shareholder; and

                (ii)    any contract, agreement or other instrument to be
                        entered into by the Corporation or any Subsidiary of the
                        Corporation which may in the aggregate over the term of
                        the contract, agreement or instrument involve an
                        obligation of the Corporation or any Subsidiary of the
                        Corporation, to pay in excess of $20 million other than
                        expenditures that the Corporation and its Subsidiaries
                        can recover under the Reseller Agreement.

        (c)     the guarantee by the Corporation or any Subsidiary of the
                Corporation of the debts of any person other than the
                Corporation, or a wholly-owned Subsidiary of the Corporation;

        (d)     any loans by the Corporation or any Subsidiary of the
                Corporation to any person other than the Corporation or a
                wholly-owned Subsidiary of the Corporation;

        (e)     the sale of any shares of any Subsidiary of the Corporation;

        (f)     the sale, lease, transfer, mortgage, pledge or other disposition
                of all or substantially all of the undertaking of the
                Corporation or any Subsidiary of the Corporation;

        (g)     any amendment to the Articles or other constating documents of
                the Corporation or any Subsidiary of the Corporation;

        (h)     the consolidation, merger or amalgamation of the Corporation or
                any Subsidiary of the Corporation with any other corporation,
                association, partnership or other legal entity;

        (i)     the creation, allotment or issuance of, or agreement to create,
                allot or issue, any shares or other securities of the
                Corporation or any Subsidiary of the Corporation, or the
                granting

                                      -26-
<PAGE>

                of any option or right capable of becoming an option to purchase
                any shares or other securities of the Corporation or any
                Subsidiary of the Corporation;

        (j)     the winding-up or liquidation of the Corporation or any
                Subsidiary of the Corporation, the institution of proceedings to
                be adjudicated a bankrupt or insolvent under the BANKRUPTCY AND
                INSOLVENCY ACT (Canada), the consenting to the institution of
                such proceedings against the Corporation or any Subsidiary of
                the Corporation, the consenting to the institution of bankruptcy
                or insolvency proceedings against the Corporation or any
                Subsidiary of the Corporation under the BANKRUPTCY AND
                INSOLVENCY ACT (Canada) or any other analogous laws, the
                consenting to the filing of any such petition or to the
                appointment of a receiver or receiver manager of the property of
                the Corporation or any Subsidiary of the Corporation, the making
                of a general assignment for the benefit of creditors, the filing
                of a proposal to settle payments of creditors' liabilities under
                the COMPANIES' CREDITORS ARRANGEMENT ACT, the admission in
                writing of the insolvency of the Corporation or any Subsidiary
                of the Corporation, or the taking of any corporate action in
                furtherance of any of the aforesaid purposes;

        (k)     the redemption, repurchase or retirement for value of any shares
                or other securities of the Corporation, except under the
                provisions of this Agreement.

                                      -27-
<PAGE>

                                   SCHEDULE C
                             CAPITAL CONTRIBUTIONS

The registered and beneficial holders of all the issued and outstanding shares
in the capital of the Corporation are as follows:

        --------------------------------------------------------------
        SHAREHOLDER                    NUMBER AND CLASS OF SHARES
        --------------------------------------------------------------
        360-Holdco                     333 Class "A" Common Voting
                                       Non-Participating Shares
                                       510,000 Class "B" Common
                                       Non-Voting Participating Shares
        --------------------------------------------------------------
        WFHL                          667 Class "A" Common Voting
                                      Non-Participating Shares
                                      490,000 Class "C" Common
                                      Non-Voting Participating Shares
        --------------------------------------------------------------

                                      -28-

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