Document:

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                                                                   Exhibit 10.38

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                 CYBERNET INTERNET SERVICES INTERNATIONAL, INC.

                                       AND

                             TISCALI OSTERREICH GMBH

                            SHARE PURCHASE AGREEMENT

                       DATED FOR REFERENCE JULY 31ST, 2002

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THIS SHARE PURCHASE AGREEMENT is dated for reference the 31st day of July, 2002,

AMONG:

     CYBERNET Internet Services International, Inc., a company duly incorporated
     under the laws of Delaware, having its registered office at Suite 1620, 400
     Burrard Street, Vancouver, Canada ("Seller" or "Cybernet")

                                                               OF THE FIRST PART

AND

     TISCALI Osterreich GmbH, a limited liability company duly incorporated
     under the laws of Austria, having its registered office in Vienna, Austria,
     ArgentinierstraBe 21, A-1040 Vienna, registered with the Commercial
     Register of Vienna, FN 184573 g ("PURCHASER" or "TISCALI")

                                                              OF THE SECOND PART

Seller and Purchaser hereinafter are jointly referred to as Parties and each of
them as Party.

WHEREAS:

A.   Vianet Telekommunikations AG ("VIANET" or the "COMPANY") is a joint
stock corporation duly established and registered under the laws of the
Republic of Austria and having its corporate seat in Vienna and its business
address at Mariannengasse 14, A-1090 Vienna;

B.   The outstanding capital stock of Vianet amounts to EUR 80,000 which is
fully paid up and divided into 10,000 ordinary shares with a nominal value of
EUR 8 each, entirely held by the Seller in the form of bearer shares
("Shares") represented by one global certificate issued on June 20th, 2002
("GLOBAL CERTIFICATE"), which is in physical possession of Seller;

C.   Purchaser seeks to acquire from Seller and Seller wishes to sell to
Purchaser the Shares pursuant to the provisions of this Share Purchase
Agreement ("AGREEMENT").

NOW THEREFORE THIS SHARE PURCHASE AGREEMENT WITNESSES THAT in consideration of
the premises, mutual covenants and agreements hereinafter set forth, the Parties
hereto acknowledge, declare, covenant and agree as follows:

                                   ARTICLE 1.
                                  DEFINITIONS

     SECTION 1.1  Where used in this Agreement (including the recitals) or in
any amendment hereto, the following terms shall have the meaning ascribed in
the recitals and the following meanings, respectively:

"CLOSING" has the meaning specified in Article 5;

"CLOSING DATE" means the date of Closing, which shall be one Austrian business
day after the fulfillment of the conditions precedent set forth in Article 5 but
not earlier than seven business

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days after Execution Date. The Closing Date may be postponed by mutual
agreement of the Parties.

"COMPANY" means Vianet;

"CYBERNET" means the Seller;

"EXECUTION DATE" means the date on which the Agreement is signed, as indicated
on its front cover;

"FINANCIAL STATUS" shall mean Vianet's annual financial statements for the
fiscal year ending December 31, 2001 and the Balance Sheet and Profit and Loss
Account of Vianet as of June 30, 2002 as attached in Annex 1 and the trade
accounts receivables, trade accounts payables and the cash balance as of the
Execution Date.

"FIRST INSTALLMENT" means an amount equal to 75% of the Purchase Price as
defined in Article 3;

"INTERCOMPANY CLAIMS" means any of Vianet's (and/or its subsidiaries) payables
and receivables, as applicable, as of Execution Date related to Cybernet (and/or
its subsidiaries), except such claims relating to trading relations on an arm's
length basis, which in its aggregate shall not exceed EUR 10,000 and as listed
in Annex 2;

"INTERIM PERIOD" means the period commencing on the Execution Date and ending on
the Closing Date;

"LIBISCHER" means Tristan Libischer having its address in Sieveringerstrasse
176, A-1190 Vienna, Austria.

"LIBISCHER CLAIMS" means any and all existing or threatened claims by Libischer
against Vianet (and its subsidiaries or controlling companies) relating -
directly or indirectly - to the Shares;

"MFC" means MFC Bancorp Ltd., a company duly incorporated under the laws of the
Yukon Territory, Canada, having its registered office in Suite 300, 204 Black
Street, Whitehorse, Yukon Territory, Canada;

"PURCHASE PRICE" has the meaning specified in Article 3;

"SECOND INSTALLMENT" means an amount equal to 25% of the Purchase Price as
defined in Article 3;

"TISCALI" means the Purchaser.

                                   ARTICLE 2.
                                      SALE

     SECTION 2.1  Seller hereby sells the Shares to Purchaser pursuant to the
provisions of this Agreement. From and after the Closing Purchaser shall be the
legal owner of the Shares and shall be entitled to any profits for the current
financial year as well as any undistributed profits

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for the preceding financial years. Purchaser accepts the sale pursuant to the
terms and conditions of this Agreement.

                                   ARTICLE 3.
                                 PURCHASE PRICE

     The purchase price (the "PURCHASE PRICE") shall be EUR 1,000,000 (in words:
one million Euro), and shall be paid by the Purchaser to the Seller in two
installments, the First Installment and the Second Installment. The First
Installment shall be paid on the Closing Date by Purchaser to Seller by way of
handing over a certified bank cheque concurrent with the physical delivery of
the Global Certificate. The Second Installment shall be paid by Purchaser to
Seller on the 6th (sixth) monthly anniversary of the Closing Date, provided that
Seller had not breached the representations and warranties given pursuant to
this Agreement or is liable for any indemnifications under this Agreement. If
during a term of 6 (six) months from Closing any claim with regard to
representations and warranties or indemnifications given in this Agreement is
asserted by Purchaser the Second Installment shall not be paid to Seller prior
to the final settlement of such claims and subject to the provisions of Section
7.3. However, if the amount of possible damages or indemnifications including
cost to be paid in accordance with this Agreement is agreed between the Parties
acting reasonably on the 6th (sixth) monthly anniversary of the Closing Date,
then the balance between such agreed amount and the Second Installment shall be
paid immediately to Seller.

                                   ARTICLE 4.
                             TRANSFER OF THE SHARES

     SECTION 4.1  At the Closing, Seller shall transfer and assign to
Purchaser title to the Shares free from any and all rights of third parties
by physical delivery of the Global Certificate in exchange for the concurrent
payment of the First Installment by handing over a certified bank cheque.
Purchaser shall accept such transfer and assignment. The transfer and
assignment is conditioned on the receipt by Seller of the First Installment.

                                    ARTICLE 5.
                                     CLOSING

     SECTION 5.1  Closing shall take place on the Closing Date in the offices
of Purchaser in 1040 Wien (Austria), ArgentinierstraBe 21, or at another
location agreed to by the parties at least five business days prior to
Closing.

     SECTION 5.2  The obligation of Purchaser to accept the transfer and
assignment and to pay the Purchase Price, is subject to the condition
precedent to the favor of purchaser that

     5.2.1. the current members of the supervisory board of the Company have
            resigned from office with effect as of the Closing Date, at no costs
            for the Company;

     5.2.2. the Company has revoked with effect as of the Closing Date all and
            any special commercial powers of attorney (PROKUREN) (Claudia
            Grunwald and Irene Gansbacher) and any other commercial powers of
            attorney

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            (Handlungsvollmachten) granted on behalf of the Company and the
            respective applications have been filed with the competent
            commercial register;

     5.2.3. Purchaser shall have received from Seller a certificate,
            substantially in the form attached herein as Annex 3, dated the
            Closing Date and duly signed on behalf of Seller to the effect that
            all representations and warranties of Seller set forth in this
            Agreement shall be true and correct in all material respects on and
            as of the Closing Date with the same force and effect as though such
            representations and warranties had been made on the Closing Date,
            except for those representation and warranties which have been made
            as of the Execution Date and which shall be true and correct in all
            material respects on and as of the Execution Date;

     5.2.4. Vianet shall have entered into termination agreements with the
            current members of the management board of the Company, Mr. Leitner
            and Mr. Chytil, substantially in the form and with the content as
            set out in Annex 4 and at no cost (i.e. cost caused by termination
            and extraordinary expenses, e.g. termination compensation.,
            compensation for unused vacation, compensation for vacation payment
            and Christmas payment) for the Company or Purchaser. Such cost shall
            be borne by Seller, except for compensation for unused vacation and
            compensation for vacation payment which cost shall be borne half by
            Seller and half by Purchaser.

     5.2.5. Seller presents to Purchaser a duly signed and executed Receivable
            Purchase Agreement referring to any claims against Libischer and any
            claims against Bank Austria Immobilienleasing GmbH and Die Fun
            Internet GmbH substantially in the form attached herein as Annex 5.
            Any costs, taxes and duties related to the Receivable Purchase
            Agreement shall be borne by Seller.

     5.2.6. The trade account receivables and the cash at hand of the Company
            shall not be less than EUR 250,000 in total at the Execution Date
            and the amount of the trade account payables less the trade accounts
            receivables of the Company shall not be below EUR 0 at the Execution
            Date.

     5.2.7. Seller provides Purchaser with the guarantee under Section 7.7.,
            substantially in the form attached herein as Annex 6.

     5.2.8. Seller delivers to the Purchaser duly signed and executed documents
            evidencing the final and complete release from any and all pledge on
            the Shares by MFC;

     5.2.9. The Intercompany Claims have been finally cleared and that Seller
            and its subsidiaries have waived any and all claims related thereto
            (current or future and conditional or unconditional) which Seller
            and its subsidiaries have or may have against the Company and vice
            versa.

     5.2.10. MFC signs this Agreement as Guarantor.

     SECTION 5.3  The obligation of the Parties to effect the transfer and
assignment at the Closing is subject to the condition precedent to the favor of
both parties that, the Parties shall have received all required approvals and
consents from (i) governmental authorities and

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agencies, including the approval from the Austrian cartel authorities
(kartellgericht), if required, (ii) their respective corporate bodies and
panels, and (iii) third parties.

     SECTION 5.4  Each Party may waive individual or all or parts of the
conditions which are in its respective favor, and such conditions which are in
the favor of both Parties may be waived only by both Parties jointly, by written
instrument.

     SECTION 5.5  The Parties agree to cooperate fully in order to be granted
unconditional clearance from the competent merger control authorities, if
required.

     SECTION 5.6  If the condition precedent set forth in Section 5.3 has not
been fulfilled by August 30, 2002, each Party is entitled to withdraw from this
Agreement. If either Party withdraws from this Agreement under this Section,
each party shall be liable for its own costs and neither Party shall be entitled
to receive any damages or indemnification or alike from the other Party.

     SECTION 5.7  If one or more of the conditions precedent set forth in
Section 5.2 has not been fulfilled by August 30, 2002, Purchaser is entitled
to withdraw from this Agreement. If Purchaser withdraws from this Agreement
under this Section, each Party shall be liable for its own costs, but
Purchaser shall be entitled to be paid an amount of EUR 70.000,-- as
contractual penalty as a liability without fault (verschuldensunabhangig).
Such obligation to pay the said contractual penalty shall not apply in the
event that the condition precedent set out in Section 5.2.4 will not be
fulfilled. In this event Section 5.6 shall apply accordingly.

     SECTION 5.8  The Parties shall respectively use all reasonable endeavors
to procure that the conditions stated in this Article 5 are fulfilled as soon
as practicable and in any event on or before August 30, 2002, but if the
conditions in this Article 5 have not been fulfilled or waived by the
respective Parties by that date (or by such later date as may be determined
in writing by the Parties), then this Agreement shall thereupon become null
and void ab initio and the Parties shall not have any rights against each
other except for failure to use all such reasonable endeavors and except for
the provisions of Section 5.7 above.

                                   ARTICLE 6.
                         REPRESENTATIONS AND WARRANTIES

     SECTION 6.1  The representations and warranties made in this Agreement,
which are made as per the Closing Date are the sole representations and
warranties of Seller. Seller makes no other representations and warranties
whatsoever, in particular regarding the condition of the Company's fixed assets,
business prospects, etc. Any further or other representations and warranties are
excluded. Seller acknowledges that Purchaser has conducted only a limited review
and not an exhaustive due diligence on the Company, and thus Purchaser relies
entirely on the representation and warranties of Seller contained herein. Seller
represents and warrants that:

   6.1.1. CORPORATE MATTERS, APPROVALS

     (a)  The Company is a stock corporation duly incorporated and validly
          existing under the laws of the Republic of Austria.

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     (b)  Seller is fully authorized to execute this Agreement as well as to
          fulfill all of its obligations arising out of this Agreement and to
          perform the transactions contemplated herein. The execution and
          performance of this Agreement shall bring into existence legally
          binding and enforceable obligations.

     (c)  The share capital of the Company is EUR 80,000 (in words: eighty
          thousand Euro) and is fully paid-in. Cash contributions have been made
          in full. Contributions in kind have not been made. There have not been
          any distributions of profit (including hidden distributions) nor any
          return of capital (including hidden returns). There have not been any
          control, profit transfer or silent partnership agreements concluded by
          the Company.

     (d)  A total of 10,000 ordinary bearer shares with a nominal value of EUR 8
          per share have been issued on the share capital. All of the shares
          have been duly and lawfully issued and have been fully paid-in. One
          global certificate representing all the shares has been issued and is
          in physical possession of Seller or a person authorized by Seller.

   6.1.2. SHARES

     (a)  Seller is the legal and beneficial owner of the Shares. Seller may
          dispose of these Shares without requiring the approval of any third
          parties nor violating any third-party rights. The Shares being sold
          are not encumbered with any third-party rights; in particular, they
          have neither been pledged nor attached or seized nor transferred as
          collateral.

     (b)  Except the Shares there are no other shares outstanding. There are no
          call options (either in form of stock options as per Section 5.2.6 or
          others), convertible notes, warrants or other rights to purchase or
          acquire any shares of the Company. There are no agreements,
          arrangements or understandings of any kind obligating the Company to
          issue additional shares or other shares or obligating Seller - except
          under this Agreement -, to sell all or part of the Shares or to cause
          the Company to issue shares. On this regard, Seller further warrants
          and represents that any existing agreement with any bidder other than
          Tiscali is expired or has been terminated or settled, at no cost for
          the Company, prior to Execution Date.

   6.1.3. COMPANY

     (a)  There have been no bankruptcies, composition or insolvency proceedings
          filed or initiated neither against the Company nor against Seller.
          Furthermore, there are no grounds that would justify initiating such
          proceedings.

     (b)  The Company does not own any real estate.

     (c)  The Financial Status of the Company has been prepared in accordance
          with the Austrian Commercial Code and fairly represents the financial
          position, results of operations, the assets and liabilities of the
          Company as of the date and for the fiscal period covered thereby. As
          of this date of fiscal period there are no liabilities or obligations
          of any nature which are not disclosed as such in the Financial Status.

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     (d)  Except as set forth in Annex 7 hereof, there are no (i) outstanding
          administrative or judicial orders, judgments, decisions or arbitration
          awards issued against the Company, (ii) litigation procedures or (ii)
          any current or threatened court, administrative or arbitration
          proceedings or investigations against the Company. There are no
          grounds for any material complaints, lawsuits, proceedings or
          investigations against or by the Company. The Company has conducted
          its business in compliance with applicable legal regulations and all
          regulatory licenses and permits. The accruals for the disclosed
          disputes have been made true and correct to the best of Sellers
          knowledge.

     (e)  The Company has duly and completely prepared and filed all tax returns
          and social security returns on a timely basis. Any taxes, social
          security contributions and other public charges of any kind owed by
          the Company relating to any periods prior to the Closing Date that
          must be paid by the Company have been either paid when due, or to the
          extent that such taxes, social security contributions and other public
          charges were not due by the Closing Date, were fully accounted for in
          the Financial Status.

     (f)  On or before the Closing Date, the Company will not have received any
          public subsidies that will be repayable by the Company in the future
          other than as accrued for in the Financial Statements.

     (g)  The Company operates two regular bank accounts, one at Erste Bank der
          osterreichischen Sparkasse, Account Number 030 444 24, Bank Sort Code
          20111, and the other at BAWAG Bank fur Arbeit and Wirtschaft, Account
          Number 01310 707 500, Bank Sort Code 14000 and operates two deposit
          accounts funded in the amount of EUR 24,965.94 in total and which are
          used as a security payment for the landlord of Vianet's premises at
          Mariannengasse and that the balance of these accounts one business day
          prior to the Execution Date is as stated in Annex 8 and Annex 9
          respectively.

   6.1.4. ASSETS, CONTRACTS

     (a)  The Company has unlimited ownership that is free of any rights or
          security interests of third parties (including, but not limited to
          liens and pledges or other security interests) to all materials assets
          shown in the Financial Status.

     (b)  The Company holds all assets - of any kinds whatsoever - which are
          necessary to orderly and duly conduct its business as it is.

     (c)  the Company maintains the insurance contracts as set out in Annex 10.

     (d)  The Company has the legal right to use the domain names listed in
          Annex 11.

     (e)  The Company, as of the Execution Date, has the business customers
          (companies, freelancers and organizations) and customers (including
          private customers, all kinds of ADSL customers) as listed in Annex 12
          and that the customers listed in Annex 13 constitute the 100 largest
          customers of the Company in terms of revenue and to whom the Company
          is providing services and that the validity of

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          the contracts and agreements in relation thereto is, as of the
          Execution Date, not challenged, and that except for those customers
          listed in Annex 14 none of these customers has declared the intention
          to terminate the business relationship with the Company.

     (f)  Latest since July 2, 2001, the Company has collected its receivables
          in the ordinary course of business and as usual in the respective
          markets.

     (g)  There are no warranty or product liability claims pending or
          threatened against Vianet except as accrued for in the Financial
          Status.

     (h)  The lease agreements for the offices of Vianet in A-1090 Vienna,
          Mariannengasse 14 are in full force, can be terminated by lessee with
          6 (six) months' notice and that wear and tear or damage to the leased
          properties (if any) is as could be expected in case of a lease of the
          respective time.

     (i)  The agreements listed in Annex 15 constitute all material agreements
          with major suppliers, especially providers of telecommunications and
          IT services and suppliers of leased property of the Company. These
          agreements are in full force, and no contractual partner has brought,
          or to the best of knowledge threatened to bring or is reasonably
          expected to bring any claims against Vianet for actual or alleged
          violation of the Company's duties under these agreements.

     (j)  None of the contracts, agreements or licenses mentioned under this
          Section contains a clause ("change-of-control-clause" or similar
          covenant) that entitles the business partners or customers to
          terminate their respective contracts or agreements concluded with the
          Company; however, Purchaser is aware that the Company must notify the
          change of control to its landlord and that pursuant to mandatory
          provisions under Austrian law the rent may be adjusted;

     (k)  All the supply contracts for backbone and downstream listed in Annex
          15, except for one contract listed in Annex 16 can be terminated by
          the Company by paying a termination penalty of not more than six
          monthly fees each.

   6.1.5. EMPLOYEES

     (a)  The employees listed in Annex 17 to the Agreement are all the
          employees of the Company and as of the Closing Date those employees
          have not presented or threatened any claims against the Company in
          connection with their employment or otherwise except those expressly
          mentioned in the Financial Status (except claims for unused vacation)
          and listed in Annex 18 hereto and all such claims have been duly
          satisfied.

     (b)  to the best knowledge of the Seller there are no rights of (present or
          former) employees as to any employee inventions or other intellectual
          property rights belonging to employees.

     (c)  All statutory provisions of Austrian labor law are being materially
          complied with, and there are no labor disputes pending in or out of
          court or only threatened.

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     (d)  All orders by the authorities in connection with employee safety
          regulations and all material orders of the labor inspectorate have
          been complied with.

     (e)  All payments relating to salaries and payrolls due under the contracts
          of Vianet with its employees have been made and no obligations are
          outstanding which derives from retirement pensions, early retirement
          schemes, participation in benefits, insurance-medical assistance,
          extra salaries, whether formal or not, pension plans, stock option
          plans or analogous or other incentives and compensations for employees
          and directors.

   6.1.6. LICENSES

     (a)  Vianet is the registered owner of the trademark rights listed in
          Annex 19.

     SECTION 6.2  Purchaser represents and warrants, that:

     (a)  The Agreement has been duly authorized, executed and delivered on
          behalf of Purchaser and is a legal, valid and binding obligation,
          enforceable in accordance with its terms, and

     (b)  Purchaser has been duly incorporated, amalgamated, continued or
          organized and is validly existing and in good standing under the laws
          of its respective jurisdiction of incorporation, amalgamation,
          continuance or organization, as the case may be, and has all requisite
          corporate power and authority to carry on its business as now
          conducted and as presently proposed to be conducted, to own, lease and
          operate its properties and assets and to carry out the provisions of
          the Agreement.

                                   ARTICLE 7.
                               LEGAL CONSEQUENCES

     SECTION 7.1  If any claim or demand for which Seller would be liable
hereunder is asserted, Purchaser shall promptly notify Seller by registered mail
of such claim or demand and the amount or estimated amount thereof. Section 377
Austrian Commercial Code (HGB) shall not apply (sofortige Untersuchungspflicht).

     SECTION 7.2  If one or more of the warranties given by Seller pursuant to
this Agreement is breached, Purchaser shall allow Seller to cure the breach and
bring about the condition that would exist if the warranty concerned had not
been breached, within an appropriate period of time, not later however than
within 30 (thirty) days following receipt of the request or within any longer
period the Parties may mutually agree upon ("CURE PERIOD"). Should (i) Seller
fail to cure the breach within the Cure Period or should (ii) the cure not being
feasible, Seller shall indemnify Purchaser and/or the Company in respect of the
breach of the warranty by paying monetary damages by means of which Purchaser
and/or the Company are put in the position in which they would have been had the
warranty concerned not been breached ("INDEMNIFICATION"). However, Seller shall
not be liable for consequential damages and compensation for loss of business
and lost profits unless in the event of malicious intent and gross negligence
and the maximum amount of damages to be paid and Indemnification shall, in its
aggregate, not exceed the Purchase Price. This cap and any other limitation of
liability shall

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not apply for the Libischer claims and/or for any other claims arising out of
breach of the representations and warranties given by Seller under Section
6.1.2. letters (a) and (b). Purchaser may not receive Indemnification more
than once for one and the same loss caused by the same facts, matters and/or
circumstances.

     SECTION 7.3  Any amount to be paid by Seller as Indemnification and any
other amount to be paid by Seller under Article 7 of this Agreement shall be
first deducted from the Second Installment. If the Second Installment has been
already paid by Purchaser to Seller (or if the amount to be paid as
Indemnification is higher than the Second Installment) the concerned amount (or
the part exceeding the Second Installment) shall be paid directly by Seller on
demand by Purchaser.

     SECTION 7.4  Except for the Libischer Claims and/or for any other claims
arising out of breach of the representations and warranties given by Seller
under Section 6.1.2. letters (a) and (b), where the Parties have agreed to a
limitation period of 5 (five) years following the Closing Date, any claims by
Purchaser regarding representations and warranties are subject to a limitation
period of 12 (twelve) months following the Closing Date. Any claims resulting
from the breach of warranties regarding tax and labor matters are subject to a
limitation period of 6 (six) months following the date of a final and binding
tax assessment concerning the relevant taxes or public charges but not longer
than 5 (five) years following the Closing. If any investigations or proceedings
are instituted during the 5 (five) years period the limitation period is
prolonged in this respect by 6 (six) months following the final and binding
decision. This shall not apply in case of tax evasion or tax evasion due to
gross negligence.

     SECTION 7.5  Purchaser shall under no circumstances receive
Indemnification in respect of any loss unless and until the cumulative amount
of all losses to which it would otherwise be entitled to Indemnification
under this Agreement exceeds the sum of EUR 20,000 in the aggregate. This
threshold and any other limitation of liability shall not apply for the
Libischer claims and/or for any other claims arising out of breach of the
representations and warranties given by Seller under Section 6.1.2. letters
(a) and (b).

     SECTION 7.6  Purchaser agrees and undertakes that, if the subject matter of
the claim is or has been a claim brought against Purchaser and/or the Company by
a third party, Purchaser will grant Seller the right to defend the claim, at its
costs and expenses, and Purchaser and/or the Company shall co-operate, at
Seller's costs and expenses, with Seller in the defense thereof.

     SECTION 7.7  MFC guarantees the payment in the event that Seller
would/could not pay any Indemnification relating to the Libischer Claims
and/or to any other claims arising out of breach of the representations and
warranties given by Seller under Section 6.1.2. letters (a) and (b)
("GUARANTEE"). Such Guarantee shall expire 5 (five) years after Closing Date,
but if within the period ending 5 (five) years after Closing Date any claims
covered by this Guarantee have been brought against Seller at a court or in
an arbitration procedure, the term of the Guarantee be extended until the
termination of the pending claims. In case MFC is not fulfilling this
obligation, the Guarantee may be drawn by Purchaser without any further
notice. Any actions taken with respect to such claims shall require the prior
coordination of the Parties.

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                                   ARTICLE 8.
                              SPECIFIC OBLIGATIONS

     SECTION 8.1  Seller shall use its best efforts, to the extent legally
possible, to ensure the resignation of the members of the supervisory board
from their office within and no later than the Closing Date and at no cost
for the Company.

     SECTION 8.2  Seller shall use its best efforts, to the extent legally
possible, to ensure that the Company revokes prior to the Closing and with
effect as of the Closing Date all and any special commercial powers of
attorney (prokuren) and any other commercial powers of attorney
(handlungsvollmachten) granted on behalf of the Company.

     SECTION 8.3  For a period of 3 (three) years after Closing Date, Seller
(and affiliated companies under its direct or indirect control or directly or
indirectly controlling it) shall not be directly or indirectly engaged in
business in Austria which is comparable to that in which the Company is
engaged as of the Closing Date.

     SECTION 8.4  For a period of 3 (three) years after Closing Date, Seller
(and affiliated companies under its direct or indirect control or directly or
indirectly controlling it) shall refrain from soliciting any business from
any past or present customers (as of the Closing Date) of the Company or
request or advice any past or present (as of the Closing Date) customer to
curtail or cancel its business dealing with the Company and shall further
refrain, for a period of 3 (three) years after Closing Date, from enticing
away employees of the Company or any of their affiliated companies or prompt
said employees to terminate their employment agreements with the companies
mentioned.

     SECTION 8.5  Except where required by law or regulation affecting either
Party or member of the corporate group of either Party (e.g. Italian Exchange
rules, SEC) the Parties to this Agreement, in order to protect the business
interest of the other Party, will keep confidential (unless disclosure is
necessary to protect the Parties' own interests) all aspects of this
transaction that the other side can reasonably be expected to have a
legitimate interest in keeping such aspect confidential. This confidentiality
obligation supersedes any prior confidentiality agreement between the Parties
(or group companies). In case of any disclosure allowed under this Section
8.5, each Party shall inform the other Party in writing in advance prior to
disclose the concerned confidential information.

     SECTION 8.6  During the Interim Period the Company (and any of its
respective affiliates or representatives) shall not, and Seller (and any of its
respective affiliates or representatives) shall cause the Company not to do
anything outside of the ordinary course of its business without the prior
written consent of Purchaser. In addition, during the Interim Period the Company
(and any of its respective affiliates or representatives) shall not, and Seller
(and any of its respective affiliates or representatives) shall cause the
Company not to (i) engage in any transaction or effect any payment whatsoever
which value exceeds 10,000 Euro (Euro ten thousand), (ii) sell or otherwise
dispose of an equity interest in or any assets of Vianet to any third party nor
engage in any similar transaction.

     SECTION 8.7  Seller shall use its best efforts to cause (i) the present
members of the current management board, (ii) all of the present employees and
(iii) all of the Employees which have ceased to be an employee of the Company
within 90 days prior to the Execution Date ("BENEFICIARIES"), to waive their
entitlements under the Cybernet Internet Services International,

                                                                  Page 12 of 16
<Page>

Inc. 1999 Nonqualified Stock Option Award ("Stock Option Plan") - or any
other outstanding stock option scheme - ("Waiver") without involving any
further cost, taxes or duties for the Company and/or Purchaser, substantially
in the form as set out in Annex 20. For any claims arising out or in
connection with the Stock Option Plan or any other stock option scheme within
a period of three years following Closing Date Seller shall at its sole
discretion but subject to feasibility either (i) deliver the Option Shares
(as defined in the Stock Option Plan) or (ii) indemnify and hold harmless
Purchaser for any payments, cost and damages up to an amount of EUR 25,000
(Euro twentyfivethousand) per Beneficiary or (iii) find an individual
settlement which each Beneficiary. Section 7.6. of this Agreement shall apply
accordingly.

                                   ARTICLE 9.
                                  MISCELLANEOUS

     SECTION 9.1.  APPLICABLE LAW. This Agreement shall be governed by the
laws of the Republic of Austria without regard to conflicts of laws
principles.

     SECTION 9.2.  LANGUAGE. The English version of this Agreement and all
agreements to be delivered in connection herewith shall be the only governing
version and shall be authoritative. However, where words in German language
have been included, the meaning of those words shall govern.

     SECTION 9.3.  JURISDICTION. The parties irrevocably agree that any
disputes which may arise out or in connection with this Agreement, or any
transaction contemplated hereby shall be finally settled under the Rules of
Arbitration of the International Chamber of Commerce by one arbitrator
appointed in accordance with said Rules.

The place of arbitration shall be Vienna. The arbitrator shall be fluent in
English.

All submissions and awards in relation to arbitration under this agreement shall
be made in English and all arbitration proceedings and all pleadings shall be in
English. Original documents in English or German may be submitted as evidence in
their original language; if witness is not fluent in English it may give
evidence in their native tongue (with appropriate translation). Original
documents in a language other than English or German shall be submitted as
evidence in English translation accompanied by the original or a true copy
thereof.

The arbitrator may, at the request of a party, order provisional or
conservatory measure and shall have the authority to award specific
performance; provided, however, that until the complete establishment of the
arbitration panel, the ordinary courts shall remain competent for provisional
or conservatory measures. Any award shall be final and not subject to appeal
by the parties, and the parties hereby waive all rights to challenge any
award of the arbitral panel under this section.

     SECTION 9.4.  CURRENCY. Unless otherwise indicated, all currency amounts
referred to in this Agreement are in Euro.

     SECTION 9.5.  AMENDMENTS. No amendment of any provision of this
Agreement shall be effective unless the same is in writing and signed by each
Party thereto which is then a Party to or the respective document being
amended.

                                                                  Page 13 of 16
<Page>

     SECTION 9.6.  PARTIAL INVALIDITY. Should any provision or part of a
provision of this Agreement be or become invalid or unenforceable, or should
this Agreement contain an unintended contractual gap, then the validity or
enforceability of the remainder of the Agreement shall not be affected. Any such
invalid or unenforceable provision shall be deemed replaced by, or any gap
deemed to be filled with, an appropriate provision, which, in accordance with
the economic purpose and object of the provision and/or Agreement and as far as
legally permissible, shall come closest to the Parties' original intention, or
that intention which the parties would have had, had they considered the issue.

     SECTION 9.7.  EXECUTION. This Agreement may be executed in any number of
counterparts by one or more Parties hereto and such counterparts, each of which
when so executed and delivered, shall be deemed to be an original and all of
which when taken together shall constitute one and the same instrument. An
executed counterpart of this Agreement may be delivered by facsimile transfer or
similar form of electronic communication from one Party to the other provided
that an original executed counterpart is promptly delivered to such receiving
Party.

     SECTION 9.8.  TAXES AND COSTS. Any transfer taxes and duties payable as a
consequence or in relation to the transaction contemplated in the Agreement are
to be equally borne by the Parties. Each Party shall further pay its own legal
costs.

     SECTION 9.10.  LEGAL ADVISE. Each Party has obtained independent legal
advice.

     SECTION 9.11.  NOTICES. All notices and other communication under this
Agreement must be in writing and sent - if possible prior by telefax - by
courier or mail to the addresses of the Parties as specified in this Agreement
with copies to:

         FOR SELLER
         Cybernet Internet Services International Inc.
         Suite 1620
         400 Burrard Street
         Vancouver, British Columbia V6C 3A6
         Canada

         FOR PURCHASER:
         Tiscali Osterreich GmbH
         ArgentinierstraBe 21
         1040 Wien
         Austria
         Attn. Dieter Haacker - Managing Director
         Tel. +43 1 502 86 101
         Fax. +43 1 502 86 299
         Email. dieter.haacker@at.tiscali.com

         AND WITH A COURTESY COPY TO:
         Tiscali SpA
         Via Pietrasanta, 14
         20141 Milano
         (1taly)
         Attn. Antonio Corda - Corporate Legal Counsel

                                                                  Page 14 of 16
<PAGE>

         Tel. +39 02 30901 1
         Fax. +39 02 30901 400
         Email. corda@tiscali.com

Vienna, July 31st, 2002

                                 CYBERNET INTERNET SERVICES INTERNATIONAL, INC.

                                                 by: __________________________

                                                 date: ________________________

                                                        TISCALI OSTERREICH GMBH

                                                 by: __________________________

                                                 date: ________________________

                                                               MFC BANCORP LTD.
                                                 As guarantor under section 7.7
                                       and subject to delivery of the Guarantee

                                                 by: __________________________

                                                 date: ________________________

                                                                  Page 15 of 16
<PAGE>

LIST OF ANNEXES:

Annex 1: Financial Status
Annex 2: Intercompany Claims
Annex 3: Statement regarding Representations and Warranties
Annex 4: Termination Agreement with Messrs. Leitner and Chytill
Annex 5: Receivable Transfer Agreement
Annex 6: Guarantee regarding Section 7.7
Annex 7: Legal Disputes
Annex 8: Bank Account Statement - Erste Bank
Annex 9: Bank Account Statement - BAWAG
Annex 10: Insurance Contracts
Annex 11: Domain Names
Annex 12: List of Customers
Annex 13: List of Top 100 Customers
Annex 14: Customers Intending to Terminate
Annex 15: Major Supply Agreements
Annex 16: Agreement with Telecom Austria regarding one 100 Mbit Fast
          Ethernetverbindung
Annex 17: List of Employees
Annex 18: Other Claims By Employees
Annex 19: Tradmark Rights
Annex 20: Waiver

                                                                  Page 16 of 16<PAGE>

                                                                  Exhibit 10.41

                                                                 April 19, 2002

Cybernet Internet Services International, Inc.
Stefan-George-Ring 19 - 23
81929 Munich, Germany

ATTENTION:  PRESIDENT

Dear Sirs:

This letter agreement (this "Agreement") confirms the agreement of Cybernet
Internet Services International, Inc. (together with its subsidiaries and
affiliates, the "Company") to engage MFC Bancorp Ltd. (together with its
affiliate MFC Merchant Bank S.A., "MFC") as exclusive financial advisor for the
Company in connection with the services set forth below.

1.   As the Company's financial advisor, MFC will perform, upon request by the
     Company, until the date of the termination of this Agreement the following
     financial and market related advisory services for the Company in
     connection with the analysis, design, formulation and execution of a
     Restructuring Transaction (as defined below):

     (a)  advising and assisting the Company in connection with any
          restructuring of the Company's liabilities, including, without
          limitation, any repayment, exchange or conversion of any liabilities
          of the Company, or any modification, amendment, deferral,
          restructuring, recapitalization, rescheduling, moratorium, or
          adjustment of the terms and/or conditions of any liabilities of the
          Company outstanding on the date of this Agreement (any such
          restructuring of the Company's liabilities being referred to as a
          "Restructuring Transaction");

     (b)  to the extent permitted by applicable law, assisting the Company in
          soliciting tenders and consents in connection with any Restructuring
          Transaction;

     (c)  for a period of up to 180 days, advising and assisting the Company in
          connection with any operational reviews, strategic and business plans,
          optimizing operations and personnel and assessing strategic
          alternatives to enhance stakeholder value. In connection therewith, we
          shall utilize and make available to the Company as required the
          services of C. Morandi, E. Seligman, M. Reidel, M. Bryl and M.
          Hertwick or other suitable qualified alternative personnel (the
          "Review Personnel"); and

     (d)  to the extent determined by the Company, advising and assisting the
          Company in connection with any and all sale(s), disposition(s),
          transfers or spin-offs of any assets, operations or parts of the
          business of the Company involving consideration, value or proceeds
          of US$500,000 or more (but excluding the option
<Page>

                                     - 2 -

          to purchase granted to Telehouse Deutschland GmbH, as amended),
          whether part of a Restructuring Transaction or otherwise (an
          "Asset Sale").

2.   For MFC's services hereunder, the Company agrees to pay to MFC the
     following non-refundable fees:

     (a)  A monthly cash advisory fee of US$175,000 (each, a "Monthly Advisory
          Fee"), payable in advance upon execution of this Agreement and each
          monthly anniversary thereafter, or, if any such day is not a business
          day, on the business day immediately preceding such date; for such
          monthly periods as the Company is utilizing the Review Personnel,
          provided that such fee shall be pro-rated for any partial months;

     (b)  In the event that the Company consummates a Restructuring Transaction,
          a fee (a "Restructuring Fee") equal to 2.5% of the face amount
          restructured of the Company's outstanding 14% Senior Notes due 2009,
          the Company's 13% Convertible Senior Subordinated Discount Notes due
          2009 and the Company's 13% Convertible Senior Subordinated Pay-in-Kind
          Notes due 2009 (the "Notes"), on the date the Restructuring
          Transaction is consummated. A Restructuring Transaction shall be
          deemed to have been consummated (and MFC's fee shall be deemed to have
          been fully earned) upon the earliest of (i) the date when its terms
          become binding on the creditors affected thereby; (ii) the date when
          any lender committee, bondholder committee or other official or
          unofficial group or committee of creditors agrees to the terms of a
          Restructuring Transaction; (iii) the date when any out-of-court
          Restructuring Transaction is completed; and (iv) in the case of any
          reorganization, arrangement, compromise or similar restructuring to be
          effectuated under any applicable bankruptcy, insolvency, creditor
          protection or any similar legislation pursuant to which a plan of
          reorganization, arrangement or compromise may be effected with respect
          to creditors, the requisite affirmative vote of creditors approving
          the plan and any required approval(s) of a court of competent
          jurisdiction (the "Approval Date");

     (c)  If MFC agrees to be engaged in respect of any (i) private placement of
          securities, (ii) financing with any bank, insurance company, financial
          institution or other lenders, or (iii) public offering of securities
          (each transaction described in (i), (ii) and (iii) being referred to
          herein as a "Financing"), the Company shall pay to MFC a fee (a
          "Financing Fee") customary with respect to such financing, except that
          the parties agree that for a "vulture light" financing, the Financing
          Fee will be in the range of 3.5% to 4.5% of the aggregate face amount
          of debt raised. The Financing Fee shall be payable on the date that
          the Company first receives funds made available under the Financing,
          except that with respect to debtor-in-possession financing, the
          Financing Fee shall be payable on the date that the Company receives a
          commitment from a qualified financial institution to advance
          debtor-in-possession financing;

     (d)  In the event any Restructuring Transaction involves any exchange
          offer, tender offer or consent solicitation, prior to the commencement
          thereof the Company
<Page>

                                     - 3 -

          shall enter into with MFC a separate dealer manager or other
          appropriate agreement containing terms and conditions, including
          appropriate representations and legal opinions customary for MFC. If
          the Company determines to pursue a cash tender offer for the Notes
          (the "Cash Tender Offer"), the Company shall, subject to satisfaction
          of all applicable regulatory requirements, offer to engage MFC as
          dealer manager and solicitation agent for a fee customary for such
          engagements, payable upon commencement of the tender offer; and

     (e)  In the event the Company completes an Asset Sale utilizing MFC, a
          success fee based upon the amount of gross proceeds received by the
          Company (including any assumption of indebtedness or liabilities)
          determined as follows:

          (i)  7.5% of the first US$1,000,000;

          (ii) 5.0% of the next US$4,000,000; and

          (iii) 4.0% on proceeds in excess thereof.

     In addition to any fees payable to MFC, the Company will reimburse MFC,
     upon request made from time to time, for all of its reasonable
     out-of-pocket expenses incurred in connection with this engagement,
     including the fees, disbursements and other charges of its legal counsel,
     if any.

     Any fees payable pursuant to the above shall be paid to us in cash in
     United States dollars, provided that, at MFC's sole option, we may elect in
     writing to receive all or part of such fees (the "Elected Amount") in
     common shares of the Company (the "Share Election"). In the event that MFC
     advises the Company of the Share Election, the Company shall issue to MFC
     or its order, such number of fully paid and non-assessable common shares in
     the capital stock of the Company having a "Market Value" equal to the
     Elected Amount. For the purposes of this Agreement, "Market Value" means
     the average closing trading price for the Company's common shares on the
     principal stock exchange or quotation service for the 10 trading days
     immediately prior to the delivery of the Share Election by MFC to the
     Company less 10%.

     All or part of the amounts payable pursuant to this Agreement may be
     subject to applicable sales, value added or services tax ("Sales Tax").
     Where Sales Tax is applicable, an additional amount equal to the amount of
     Sales Tax owing will be charged to and paid by the Company.

     We shall be responsible and liable for the payment of all costs, benefits
     and amounts due to the Review Personnel.

     Notwithstanding any provision hereof, the maximum amount of fees payable by
     the Company for all services provided by MFC hereunder shall be limited to
     US$5.5 million.

3.   In rendering its services to the Company hereunder, MFC is not assuming any
     responsibility for the Company's underlying business decision to pursue or
     not to pursue any business strategy or to effect or not to effect any
     Restructuring Transaction or
<Page>

                                     - 4 -

     Financing. The Company agrees that MFC shall not have any obligation or
     responsibility to provide "crisis management" services for the Company or
     to provide any advice or opinions with respect to solvency or to perform a
     valuation of the Company or its assets in connection with any
     Restructuring Transaction.

4.   The Company also agrees that neither MFC nor any of its affiliates,
     directors, agents employees or controlling persons shall have any liability
     to the Company or any person asserting claims on behalf of the Company in
     connection with or as a result of MFC's engagement under this Agreement or
     any matter referred to in this Agreement, except to the extent that any
     losses, claims, damages, liabilities or expenses incurred by the Company
     are determined by a court of competent jurisdiction in a judgment that has
     become final in that it is no longer subject to appeal or other review to
     have resulted solely from the gross negligence, bad faith or willful
     misconduct of MFC in performing the services that are the subject of this
     Agreement.

5.   It is understood and agreed that nothing contained in Section 2(c) shall
     constitute a commitment by MFC to underwrite, place or purchase any
     securities or to arrange any other form of financing or to act as financial
     advisor with respect to any other transaction. Any such commitment by MFC
     shall be at MFC's option and would, in each case, be subject to, among
     other things, the satisfactory completion by MFC of an appropriate due
     diligence investigation of the Company. Any agreement regarding such a
     commitment shall be set forth in a separate engagement, underwriting,
     placement agency or similar agreement relating to such transaction, which
     contains fee arrangements and other terms and conditions, including
     appropriate indemnification provisions, satisfactory to MFC and the
     Company.

6.   MFC and its subsidiaries and affiliates (the "MFC Group") is involved in a
     wide range of commercial banking, investment banking and other activities
     (including investment management, corporate finance and securities issuing,
     trading and research) from which conflicting interests, or duties may
     arise. Information which is held elsewhere within MFC or within the MFC
     Group, but of which none of the individuals in the Corporate Finance
     Division of MFC involved in carrying out this engagement actually has
     knowledge, will not for any purpose be taken into account in determining
     MFC's responsibilities to the Company under this engagement. Neither MFC
     nor any other part of the MFC Group will have any duty to disclose to the
     Company or utilize for the Company's benefit any non-public information
     acquired in the course of providing services to any other person, engaging
     in any transaction (on its own account or otherwise) or otherwise carrying
     on its business. In addition, in the ordinary course of its business, MFC
     and its affiliates may trade the securities of the Company for its own or
     their account and for the accounts of clients, and MFC and its affiliates
     may at any time hold a long or short position in such securities.

7.   The Company will furnish, or cause to be furnished, to MFC all data,
     material and other information as MFC believes appropriate to its
     assignment (all such information so furnished being the "Information"). The
     Company recognizes and confirms that MFC (a) will use and rely primarily on
     the Information and on information available from generally recognized
     public sources in performing the services contemplated by this
<Page>

                                     - 5 -

     Agreement without having independently verified the same, (b) does not
     assume responsibility for the accuracy or completeness of the Information
     and such other information, and (c) will not make an appraisal of any
     assets or liabilities (contingent or otherwise) of the Company. To the
     best of the Company's knowledge, the Information to be furnished by the
     Company, when delivered, will be true and correct in all material respects
     and will not contain any material misstatement of fact or omit to state
     any material fact necessary to make the statements contained therein not
     misleading. The Company will promptly notify MFC if it learns of any
     material inaccuracy or misstatement in, or material omission from, any
     Information theretofore delivered to MFC.

     MFC agrees that, except as otherwise required by law, judicial or
     administrative processes, regulatory request or demand, or any other body
     having jurisdiction over MFC, or as contemplated by its engagement
     hereunder, any non-public information obtained by MFC in connection with
     this engagement shall be held by MFC as confidential and shall be used by
     MFC only in connection with the performance of its services for the Company
     under this Agreement, except that (a) such information may be disclosed by
     MFC to officers, directors, employees, counsel of and advisors to the
     Company or MFC, and such other persons as the Company shall request, and
     (b) such information may be disclosed to the extent otherwise publicly
     available through no breach by MFC or available to MFC from a source, other
     than the Company and its representatives, not known to MFC to be subject to
     a duty of confidentiality to the Company with respect to such information.

8.   The Company agrees to the indemnification and other agreements set forth in
     the Indemnification Agreement attached hereto as Schedule A, the provisions
     of which are incorporated herein by reference and shall survive the
     termination, expiration or supersession of this Agreement.

9.   Except to the extent legally required (after consultation with MFC and its
     counsel) none of (i) the name of MFC, (ii) any advice rendered by MFC to
     the Company or (iii) any communication from MFC in connection with the
     services performed by MFC pursuant to this Agreement will be quoted or
     referred to orally or in writing or, in the case of (ii) or (iii),
     reproduced or disseminated by the Company or any of its affiliates or any
     of their agents without MFC's consent.

10.  MFC's services hereunder may be terminated by the Company or MFC upon 30
     days prior written notice without liability or continuing obligation of the
     Company or MFC except that (i) MFC shall be entitled to any fees earned
     prior to the date of termination, and (ii) expenses incurred by MFC as a
     result of services rendered prior to the date of the termination shall
     become immediately payable in full, and provided that Sections 4, 8, 9,
     10, 11, 12, 13, 14, 15, 16, 17 and 18 hereof shall remain operative and in
     full force and effect regardless of any termination. MFC shall be entitled
     to payment in full of the fees referred to in section 2(b) and 2(c) in the
     cash of a cash tender offer if at any time prior to the expiration of 18
     months after the termination of MFC's engagement hereunder, creditors of
     the Company agree to a plan of reorganization or the Company consummates or
     files a plan of reorganization or enters into a letter of intent or any
     agreement that subsequently results in the consummation of, a Restructuring
     Transaction. If MFC
<Page>

                                     - 6 -

     unilaterally terminates this Agreement, MFC will not be entitled to
     receive additional fees which arise pursuant to this paragraph after the
     termination hereof.

11.  The obligations of the Company hereunder shall be the joint and several
     obligations of the entities comprising the Company.

12.  MFC may, at its own expense, place customary tombstone announcements or
     advertisements in financial newspapers and journals describing its services
     hereunder.

13.  If the Company or any entity comprising part of the Company becomes subject
     to proceedings under any applicable bankruptcy, insolvency, creditor
     protection or similar legislation and if the Company determines that it
     wishes to retain a financial advisor in connection with such proceedings
     and MFC agrees to so act as financial advisor, the Company will, to the
     extent necessary, use its best efforts to continue MFC's engagement
     (including, without limitation, obtaining all necessary court approvals
     therefor as soon as possible after commencing such proceedings) on
     substantially the terms set forth in this Agreement. MFC shall not be
     required to serve as the Company's financial advisor during any proceeding
     unless the order approving its retention is reasonably satisfactory to MFC.

14.  The Company acknowledges and agrees that MFC has been retained to act
     solely as advisor to the Company, and not as an advisor of any other
     person, and the Company's engagement of MFC is not intended to confer
     rights upon any person (including shareholders, employees or creditors of
     the Company) not a party hereto as against MFC or its affiliates, or their
     respective directors, officers, employees or agents, successors or assigns.
     MFC shall act as an independent contractor under this Agreement, and any
     duties arising out of its engagement shall be owed solely to the Company.

15.  This Agreement shall be binding upon MFC and the Company and their
     respective successors and assigns and any successor or assign of any
     substantial portion of the Company's and MFC's respective businesses and/or
     assets.

16.  In the event that any transaction contemplated herein is effected through
     an entity other than the Company, then the Company shall cause such entity
     to assume and honour the obligations and liabilities of the Company
     hereunder, including, without limitation, the Company's obligations and
     liabilities pursuant to provisions concerning indemnification, contribution
     and the Company's obligation to pay fees and to reimburse expenses
     contained herein and in the attached Indemnification Agreement.

17.  This Agreement (including Schedule A) and any claim, counterclaim or
     dispute of any kind or nature whatsoever arising out of or in any way
     relating to this Agreement (a "Claim"), directly or indirectly, shall be
     governed by and construed in accordance with the laws of the Province of
     British Columbia and the federal laws of Canada applicable therein. Except
     as set forth below, no Claim may be commenced, prosecuted or continued in
     any court other than the courts of the Province of British Columbia, which
     courts shall have exclusive jurisdiction over the adjudication of such
     matters, and the Company and MFC consent to the jurisdiction of such courts
     and personal service with
<Page>

                                     - 7 -

     respect thereto. The Company hereby consents to personal jurisdiction,
     service and venue in any court in which any Claim arising out of or in any
     way relating to this Agreement is brought by any third party against MFC or
     any indemnified party. Each of MFC and the Company (on its own behalf and,
     to the extent permitted by applicable law, on behalf of its shareholders
     and affiliates) waives all right to trial by jury in any proceeding or
     counterclaim (whether based upon contract, tort or otherwise) in any way
     arising out of or relating to this Agreement. The Company agrees that a
     final judgment in any such proceeding or counterclaim brought in any such
     court shall be conclusive and binding upon the Company and may be enforced
     in any other courts to the jurisdiction of which the Company is or may be
     subject, by suit upon such judgment.

18.  This Agreement (including the attached Indemnification Agreement) embodies
     the entire agreement and understanding between the parties hereto and
     supersedes all prior agreements and understandings relating to the subject
     matter hereof. If any provision of this Agreement is determined to be
     invalid or unenforceable in any respect, such determination will not affect
     such provision in any other respect or any other provision of this
     Agreement, which will remain in full force and effect. This Agreement may
     not be amended or otherwise modified or waived except by an instrument in
     writing signed by both MFC and the Company. This Agreement may be executed
     in two or more counterparts, each of which shall be deemed an original, but
     all of which shall constitute one and the same Agreement.

If the foregoing correctly sets forth our understanding, please indicate your
acceptance thereof in the space provided below, whereupon this Agreement and
your acceptance shall constitute a binding agreement between us.

Very truly yours,

MFC BANCORP LTD.                          MFC MERCHANT BANK S.A.

By:  ________________________________     By: ________________________________

                                          By: ________________________________
<Page>

                                     - 8 -

Accepted and agreed to as of the date first above written:

CYBERNET INTERNET SERVICES INTERNATIONAL, INC.

Signed: ________________________________

Name:   ________________________________

Title:  ________________________________
<PAGE>

                                   SCHEDULE A

                           INDEMNITY AND CONTRIBUTION

In consideration of rendering professional services pursuant to the engagement
(the "Engagement") between MFC Bancorp Ltd. and its affiliate MFC Merchant Bank
S.A., (collectively, the "Advisor") and Cybernet Internet Services
International, Inc. (the "Company"), the Company hereby agrees to indemnify and
hold harmless the Advisor and the respective directors, officers, employees,
partners, affiliates, agents and shareholders of each of them (each such person
or company being referred to herein as an "Indemnified Person"), to the full
extent lawful, from and against all losses, claims, damages, liabilities,
obligations or expenses incurred by each Indemnified Person related to or
arising out of any activities performed in connection with the Engagement
whether performed before or after the execution of the engagement letter to
which this indemnity is a Schedule (collectively, the "Indemnifiable Loss"). The
Company will reimburse each Indemnified Person for all expenses reasonably
incurred by or on behalf of such Indemnified Person in connection with
investigating, preparing or defending any action (court or regulatory) or claim
relating to or in connection with the Engagement or which may result in an
Indemnifiable Loss, including payment to the Advisor at the applicable standard
per diem rate for the time expended by any director, officer, employee, partner
or agent of the Advisor or any affiliate attending at or participating in such
investigation, preparation or defence. The Company will not be responsible for
any Indemnifiable Loss, including all expenses incurred in connection with
investigating, preparing or defending any action or claim, of any Indemnified
Person which is, and no Indemnified Person shall have any liability (direct,
indirect, in contract, in tort or otherwise) to the Company except for losses,
claims, damages, liabilities, obligations or expenses incurred by or on behalf
of the Company which are, determined by a final judgment of a court of competent
jurisdiction to have resulted from actions taken or not taken by such
Indemnified Person through gross negligence or willful misconduct. The Company
will reimburse, monthly, any Indemnified Person involved in any capacity in any
investigation or proceeding commenced by any person in connection with the
Engagement for all expenses actually incurred in connection therewith, provided
that the Indemnified Person shall make prompt repayment to the Company of all
amounts so paid to it for which a court of competent jurisdiction in a final
judgment determines that such Indemnified Person is not entitled to
indemnification pursuant to the provisions hereof.

The Advisor agrees to notify the Company promptly of the assertion of any claim
or the commencement of any investigation or proceeding relating to the
performance of the Engagement in respect of which indemnification may be sought
hereunder, provided that the failure by the Advisor to do so shall not relieve
the Company from their obligations or liabilities hereunder, except to the
extent that such failure has materially and adversely affected the Company's
ability to reduce the amount of the Indemnifiable Loss or to defend against the
claim which gave rise to the Indemnifiable Loss. The Advisor shall, and shall
use its reasonable efforts to cause other relevant Indemnified Parties to,
co-operate with the Company in responding to any such investigation or defending
any such proceeding.

Upon the assertion of any claim against or the commencement of any
investigation or proceeding involving any Indemnified Person, the Company
may, and shall if reasonably requested by an Indemnified Person, participate
in such action, investigation or proceeding and assume the
<Page>

                                    - A-2 -

defence of any proceeding in respect of which indemnification may be sought
hereunder, including the employment of counsel of the Company's selection who
are satisfactory to the Advisor, acting reasonably, the fees and
disbursements of which counsel shall be paid by the Company. Upon such
assumption, the Advisor shall provide such assistance and documentation
relating to the investigation or proceeding as the Company may reasonably
request and, except as provided below, the Company shall not be liable for
the fees and disbursements of counsel retained by any Indemnified Person in
connection with such investigation or proceeding. In any investigation or
proceeding the defence of which the Company has assumed, any Indemnified
Person shall have the right to participate and to retain its own counsel, the
fees and disbursements of which shall be paid by such Indemnified Person
unless: (i) the Company and the Indemnified Person have agreed in writing to
the retention of such counsel; or (ii) collectively the Company and the
Indemnified Person are subject to the investigation or are parties to the
proceeding and the representation of both by the same counsel would be
inappropriate due to, or could give rise to, actual or potential difference
or conflicting interests between them. In no event will the Company be liable
for fees and expenses of more than one law firm in representing the
Indemnified Persons in any proceeding or group of related proceedings. If the
Company decides not to assume the defence of any proceeding in respect of
which indemnification may be brought, the Advisor shall throughout the course
of such investigation or proceeding, provide copies of all relevant
documentation to the Company, shall keep the Company advised of the progress
thereof, and shall discuss with the Company all significant actions proposed.

The Company shall not be responsible for any settlement, compromise or consent
to judgment in respect of any proceeding effected without its prior written
consent, acting reasonably, but shall indemnify each Indemnified Person to the
extent provided for in this agreement from and against any Indemnifiable Loss
incurred by reason of any settlement made with its consent or any final judgment
in favour of the plaintiff. The Company will not, without the prior written
consent of the Advisor, acting reasonably, settle, compromise or consent to any
judgment or decision in any proceeding in respect of which indemnification may
be sought hereunder unless such settlement, compromise or consent includes an
unconditional release of each Indemnified Person from all liability arising out
of such proceeding. If the Company gives written notice of a settlement of a
specific claim, which settlement it is prepared to accept, and any Indemnified
Person is unwilling to accept such settlement, the amount which the Company is
required to pay the Indemnified Person in respect of that specific claim shall
be limited to an amount equal to the amount of such proposed settlement plus the
amount of all expenses for which the Indemnified Person would be entitled to be
reimbursed or indemnified as of the effective date of such proposed settlement.

If for any reason (other than a determination based on willful misconduct or
gross negligence as contemplated herein) the indemnification provided hereby
is unavailable to an Indemnified Person or is insufficient to hold an
Indemnified Person harmless, the Company shall contribute to the
Indemnifiable Loss incurred by the Indemnified Person in a proportion
appropriate to reflect not only the relative benefits received by the Company
on the one hand and all Indemnified Persons on the other hand, but also the
relative degrees of fault of the Company and of all Indemnified Persons and
any other equitable considerations, provided that the Company shall in any
event contribute to the amount paid or payable by any Indemnified Person as a
result of an Indemnifiable Loss any excess of such amount over the amount of
the fees actually received by the Advisor and all affiliates pursuant to the
Engagement.
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                                    - A-3 -

This indemnity shall apply to the Engagement and to any modification of the
terms thereof and shall remain in full force and effect following the completion
or termination of the Engagement. This indemnity shall be binding on and enure
to the benefit of the Company and each Indemnified Person and the respective
successors, assigns, heirs and personal representatives of each of them, and to
the extent necessary or appropriate may be enforced by the Advisor as trustee
for any other Indemnified Person. This indemnity shall be in addition to any
rights that the Company or any Indemnified Person may have at law.

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