Document:

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                                                                  EXHIBIT 10.41

                   LOAN AGREEMENT DATED MAY 4, 2000 AMONG
                     CANADIAN IMPERIAL BANK OF COMMERCE,
                FUTURELINK CORP. (A DELAWARE CORPORATION) AND
            FUTURELINK DISTRIBUTION CORP. (AN ALBERTA CORPORATION)

Canadian Imperial Bank of Commerce ("CIBC") agrees to make available the Credit
Facility to FutureLink Corp. ("FLC") and FutureLink Distribution Corp. ("FLDC")
on the following terms and conditions including those provided for in Schedule
"A" attached hereto:

BORROWERS:           FutureLink Corp. and FutureLink Distribution Corp.
                     (hereinafter sometimes collectively referred to as the
                     "Borrowers" and individually as a "Borrower").

CONFIDENTIALITY:     This Loan Agreement, the Security and the terms thereof
                     together with any confidential information or documents
                     relating to the Borrowers and any Subsidiary of either
                     Borrower will be treated in strict confidence by the
                     Borrowers and CIBC, other than (i) disclosure required by
                     law or ordered by a Court of competent jurisdiction, (ii)
                     disclosure to any officer, director, employee, agent,
                     financial advisor and other professional advisors of the
                     Borrowers or their respective Subsidiaries or Affiliates
                     and (iii) disclosure as otherwise permitted in writing by
                     CIBC.

AMOUNT AND NATURE
OF CREDIT FACILITY:  The credit facility (the "Credit Facility") being made
                     available by CIBC to the Borrower under this Loan Agreement
                     is a revolving operating loan in the maximum principal
                     amount of U.S.$10,000,000.

                     The total Principal Indebtedness outstanding under the
                     Credit Facility shall not at any time exceed U.S.
                     $10,000,000.

                     To determine the Principal Indebtedness outstanding under
                     the Credit Facility at any time, outstanding borrowings in
                     Cdn. Dollars or foreign currency will be converted to the
                     U.S. Dollar Exchange Equivalent in accordance with CIBC
                     standard banking practice.

PURPOSES:            Advances of the Credit Facility shall be used by the
                     Borrowers only for ordinary working capital and general
                     operating requirements of the Borrowers. Advances of the
                     Credit Facility shall not be used to fund acquisitions by
                     the Borrowers.
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                                       2

AVAILABILITY:  The Credit Facility is available to the Borrowers by way of any
               combination of the following Advances:

               (a)  direct borrowings of Acceptances in Cdn. Dollars by way of
                    Prime Rate Loans;

               (b)  direct borrowings and Acceptances in U.S. Dollars by way of
                    Base Rate Loans;

               (c)  Cdn. Dollar, U.S. Dollar or foreign currency Letters of
                    Credit (provided that (i) no Letter of Credit shall be for a
                    term expiring after the expiration of the availability of
                    the Credit Facility unless the Borrower has provided to CIBC
                    cash collateral acceptable to CIBC to cover the Contingent
                    Exposure under any such Letter of Credit, (ii) no Letter of
                    Credit shall be outstanding for a term of greater than 365
                    days; and (iii) the Contingent Exposure under any and all
                    outstanding Letters of Credit and Acceptances shall not
                    exceed, at any time, in the aggregate, 50% of the authorized
                    amount of the Credit Facility);

               (d)  Hedge Agreements, subject to the prior approval of CIBC and
                    the provision of appropriate documentation as required by
                    CIBC including ISDA Agreement (provided that (i) no Hedge
                    Agreement shall be for a term expiring after the expiration
                    of the availability of the Credit Facility unless the
                    Borrower has provided to CIBC cash collateral acceptable to
                    CIBC to cover the Contingent Exposure under any such Hedge
                    Agreements and (ii) no Hedge Agreement shall have a maturity
                    date exceeding 180 days; and

               (e)  corporate visa account, provided the maximum amount
                    outstanding on all corporate visa cards at any time shall
                    not exceed U.S.$100,000.

               The availability of the Credit Facility will be limited to a
               maximum principal amount of U.S.$5,000,000 until receipt by FLC
               of additional Shareholders Equity in a minimum of
               U.S.$50,000,000.
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                                       3

MARGIN REQUIREMENTS:     The maximum aggregate principal amount of the Credit
                         Facility outstanding at any time, including any
                         Contingent Exposure, shall not at any time exceed the
                         lesser of:

                         (a)  U.S. $10,000,000; and

                         (b)  the total of:

                              (i)   75% of Receivable Value; PLUS

                              (ii)  100% of cash deposits of the Borrowers held
                                    by CIBC; MINUS

                              (iii) 100% of Deferred Revenue that may be subject
                                    to Priority Claims; MINUS

                              (iv)  100% of Priority Claims.

REPAYMENT:               Subject to compliance by the Borrowers with the terms
                         and conditions of this Loan Agreement and there
                         existing no Event of Default or Default, the Credit
                         Facility shall continue to be available to the
                         Borrowers and shall be repayable ON DEMAND by CIBC.

                         Advances of the Credit Facility shall be fully repaid
                         by the Borrowers for at least fourteen (14) consecutive
                         days during each fiscal quarter of the Borrowers.

PREPAYMENT AND
CANCELLATION:            The Borrowers may permanently prepay and
                         cancel any Advances, in whole or in part, and may
                         permanently cancel any unadvanced portion of the Credit
                         Facility, in whole or in part, at any time upon thirty
                         (30) days' written notice to CIBC and subject to the
                         following:

                         (a)  Advances by way of Acceptances may only be paid at
                              their maturity dates;

                         (b)  the Borrowers will pay any breakage costs incurred
                              by CIBC in connection with any Hedge Agreements,
                              Acceptances or like Advances as a result of any
                              such prepayment and/or cancellations;

                         (c)  the Credit Facility cannot be cancelled with
                              respect to the Contingent Exposure of CIBC under
                              any outstanding Letters of Credit unless the
                              Borrowers have provided to CIBC cash collateral
                              acceptable to CIBC to cover such Contingent
                              Exposure; and
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                                       4

                         (d)  prepayments may otherwise be made without fee,
                              bonus or penalty.

                         All prepayments will be applied by CIBC against the
                         Indebtedness of the Borrowers under the Credit Facility
                         in inverse order of maturity.

REVIEW:                  The terms and conditions of the Credit Facility and the
                         continuance and availability thereof shall be subject
                         to periodic and at least annual review by CIBC upon
                         receipt of the information and statements referred to
                         under the heading "REPORTING REQUIREMENTS" or at such
                         other time as may be established by CIBC from time to
                         time by notice in writing to the Borrowers and, in the
                         course of such review, CIBC shall, if it deems it
                         appropriate in its sole and absolute discretion based
                         upon the commercial lending practices and lending
                         policies of CIBC prevailing at that time (acting
                         reasonably), have the right to make such amendments to
                         the terms and conditions of the Credit Facility as it
                         deems appropriate. The first scheduled review will
                         occur effective July 31, 2000.

INTEREST RATES AND FEES: The Borrowers will pay to CIBC the following interest
                         rates and fees in respect of the Credit Facility:

                         (a)  Cdn. Dollar Advances and Acceptances

                         Prime Rate Loans and Cdn. Dollar Acceptances will bear
                         interest per annum at the Prime Rate in effect from
                         time to time plus the applicable Rate Margin
                         hereinafter referred to. Interest will be determined on
                         the daily principal amount of Advances by way of Prime
                         Rate Loans and Cdn. Dollar Acceptances outstanding and
                         shall be calculated and payable monthly in arrears.

                         (b)  U.S. Dollar Advances and Acceptances

                         Base Rate Loans and U.S. Dollar Acceptances will bear
                         interest per annum at the U.S. Base Rate in effect from
                         time to time plus the applicable Rate Margin
                         hereinafter referred to. Interest will be determined on
                         the daily principal amount of Advances by way of Base
                         Rate Loans and U.S. Dollar Acceptances outstanding and
                         shall be calculated and payable monthly in arrears.
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                                       5

               (c)  Standard Overdraft Rate and Default Rate

               If any Advance under the Credit Facility or if the amount of all
               Advances under the Credit Facility at any time exceeds any
               amount authorized under this Loan Agreement, the rate of
               interest applicable to such excess shall be the Standard
               Overdraft Rate in affect from time to time, currently a fixed
               rate of 21% per year.

               During the continuance of an Event of Default, the rate of
               interest applicable to all Advances of the Credit Facility shall
               be equal to the Standard Overdraft Rate.

               (d)  Letters of Credit

               Fees on Letters of Credit are payable at the time of issuance at
               the then prevailing rate as determined by CIBC, currently 3% per
               annum or a portion thereof with a minimum of $150 plus
               out-of-pocket expenses (cable fees).

               (e)  Fees

               The Borrowers shall pay to CIBC the following fees:

                    (i)     a loan administration fee in the amount of Cdn. $500
                            per month on Cdn. Dollar Advances;

                    (ii)    a one time loan structuring fee in the amount of .1%
                            of the maximum amount authorized under the Credit
                            Facility (receipt of which is acknowledged by CIBC);

                    (iii)   commencing in the year 2001, a review fee of Cdn.
                            $15,000 payable on each scheduled review date for
                            the Credit Facility;

                    (iv)    a fee as determined by CIBC in the minimum amount of
                            Cdn. $1,000 for each amendment or waiver by CIBC of
                            any material provision or material term of this
                            Loan Agreement or the Security Documents; and

                    (v)     a late reporting fee of Cdn. $500 per occurrence in
                            respect of the information

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                                       6

                                        and documents to be provided to CIBC
                                        under the heading "REPORTING
                                        REQUIREMENTS".

                      Whenever the interest rate applicable to a particular type
                      of availment under the Credit Facility is based on the
                      Prime Rate or the U.S. Base Rate, such interest rate will
                      change automatically, without notice, whenever the Prime
                      Rate or the U.S. Base Rate, as the case may be, changes.

RATE MARGIN:          The interest rates and stamping fees (in the case of
                      Acceptances) in respect of Advances under the Credit
                      Facility will vary and be increased or decreased from time
                      to time according to the following pricing grid:

<TABLE>
<CAPTION>
                                               RATE MARGIN ON BASE RATE     RATE MARGIN ON PRIME
                                                        LOANS AND               RATE LOANS AND
                      WORKING CAPITAL RATIO     U.S. DOLLAR ACCEPTANCES    CDN. DOLLAR ACCEPTANCES
                      ---------------------    ------------------------    -----------------------
                      <S>                      <C>                         <C>
                      [LESS THAN] 2.5:1          U.S. Base Rate + 3%           Prime Rate + 3%
                      [GREATER THAN OR EQUAL     U.S. Base Rate + 2%           Prime Rate + 2%
                      TO] 2.5:1 AND [LESS
                      THAN] 3.0:1
                      [GREATER THAN OR EQUAL     U.S. Base Rate + 1%           Prime Rate + 1%
                      TO] 3.0:1
</TABLE>

                      The Working Capital Ratio will be calculated on a monthly
                      basis based upon the monthly statements and certificate
                      provided by the Borrowers to CIBC, and will apply to
                      Advances during the month following provision of such
                      compliance certificate.

EXPENSES:             All of CIBC's reasonable out of pocket costs and expenses,
                      including reasonable legal fees, disbursements and other
                      costs as between a solicitor and his own client on a full
                      indemnity basis in connection with the preparation,
                      negotiation, establishment, operation, administration,
                      perfection or enforcement of the Credit Facility and this
                      Loan Agreement, including the Security Documents, are for
                      the account of the Borrowers and shall be paid by the
                      Borrowers on demand by CIBC.

SECURITY DOCUMENTS:   The Borrowers will provide or cause to be provided to CIBC
                      and maintain the following documents and securities in
                      relation to the Credit Facility, all to be in form and
                      content acceptable to CIBC and CIBC's counsel (acting
                      reasonably):
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                                       7

                      (a)  unlimited guarantee and postponement of claim
                           (collectively, the "Guarantees" and individually, a
                           "Guarantee") for the full amount of all present and
                           future Indebtedness of the Borrowers arising under
                           this Loan Agreement and the Security Documents from
                           each of FutureLink Pleasanton Corp. ("Pleasanton"),
                           FutureLink Async Corp. ("Async"), FutureLink Madison
                           Corp. ("Madison"), FutureLink VSI Corp. ("VSI") and
                           FutureLink Micro Visions Corp. ("Micro Visions")
                           (collectively the "Guarantors" and individually a
                           "Guarantor"). In any computation of the Indebtedness
                           or other liabilities of a Guarantor under a
                           Guarantee, the Indebtedness or other obligations that
                           are the subject of the Guarantee shall be assumed to
                           be a direct obligation of the Guarantor.

                      (b)  unlimited guarantee and postponement of claim for the
                           full amount of all present and future Indebtedness of
                           FLDC arising under this Loan Agreement and the
                           Security Documents from FLC (the "FLC Guarantee"). In
                           any computation of the Indebtedness or other
                           liabilities of FLC under the FLC Guarantee, the
                           Indebtedness or other obligations that are subject to
                           the FLC Guarantee shall be assumed to be a direct
                           obligation of FLC.

                      (c)  if required by CIBC, a demand promissory note
                           evidencing the full principal amount of the Credit
                           Facility;

                      (d)  general security agreement providing a first priority
                           security interest on all present and after-acquired
                           personal property from each of the Borrowers;

                      (e)  assignment of accounts providing a first priority
                           security interest on all present and future accounts
                           receivable from each of the Guarantors;

                      (f)  an hypothecation and pledge by FLC of 65% of the
                           issued and outstanding Securities in the capital
                           stock of FLDC and all of the issued and outstanding
                           Securities in the capital stock of each of the
                           Guarantors (other than Madison, in
<PAGE>   8
                                       8

                                       connection with which FLC hereby
                                       undertakes and agrees to hypothecate and
                                       pledge to CIBC all of the issued and
                                       outstanding Securities in the capital
                                       stock of Madison as soon as reasonably
                                       practical or on demand by CIBC), together
                                       with delivery to CIBC of the original
                                       certificates representing such Securities
                                       duly endorsed in blank or accompanied by
                                       a duly executed stock transfer power of
                                       attorney permitting transfer of such
                                       Securities to CIBC or its nominee;

                                   (g) assignment of fire and all hazards
                                       insurance coverage which is acceptable to
                                       CIBC with CIBC as named insured and first
                                       last payee; and

                                   (h) such other security as may be required by
                                       the Credit Agreement or as may be
                                       reasonably required by the CIBC in
                                       connection with property or assets
                                       subsequently acquired by any of the
                                       Borrowers or the Guarantors or in order
                                       to preserve and protect CIBC's interest
                                       in the assets and property of the
                                       Borrowers and the Guarantors from the
                                       time to time.

                                   (collectively the "Security Documents").

CONDITIONS
OF FUNDING:                        Conditions Precedent to Drawdown. CIBC's
                                   obligation to provide Advances shall
                                   be subject to the following conditions
                                   precedent being met, unless waived in writing
                                   by CIBC:

                                   (a) CIBC shall have received and found
                                       satisfactory:

                                     (i) a copy certified by a senior officer
                                         of each of the Borrowers and the
                                         Guarantors of all resolutions and other
                                         documents evidencing all necessary
                                         corporate actions and proceedings taken
                                         by each of the Borrowers, the
                                         Guarantors and their directors and
                                         shareholders with respect to the
                                         authorization, execution, delivery and
                                         performance of this Loan Agreement, the
                                         Security Documents and all ancillary
                                         agreements, documents and certificates;
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                                       9

                     (ii) a list certified by a senior officer of each of the
                          Borrowers and the Guarantors of the names and titles
                          of the officers and directors of the Borrowers and the
                          Guarantors together with specimen signatures of the
                          individuals signing this Loan Agreement, the Security
                          Documents and all ancillary agreements, documents and
                          certificates;

                    (iii) true copies certified by a senior officer of each of
                          the Borrowers and the Guarantors of the constating
                          documents, the by-laws and any shareholder agreement,
                          and amendments thereto, of or relating to each of the
                          Borrowers and the Guarantors; and

                     (iv) all usual and normal agreements and account
                          documentation reasonably required by CIBC in respect
                          of the accounts of the Borrowers to be maintained at
                          CIBC duly completed and executed by the Borrowers;

               (b) CIBC shall have received and found satisfactory a legal
                   opinion from legal counsel for each of the Borrowers and the
                   Guarantors concerning the due authorization, execution,
                   delivery, enforceability, perfection and registration (if
                   required) of this Loan Agreement and the Security Documents
                   and as to such other matters of a legal nature as CIBC or its
                   counsel may reasonably require;

               (c) each of the Security Documents or financing statements
                   relating thereto shall be filed, registered and recorded
                   where, in the opinion of the Borrowers' counsel or CIBC's
                   counsel, such filing, registration and recording is required
                   subject only to such Liens which are acceptable to CIBC;

               (d) CIBC shall have been provided with the Security Documents and
                   all other ancillary agreements, documents and certificates
                   required hereunder, in form and content satisfactory to CIBC
                   acting reasonably;
<PAGE>   10
                                       10

               (e) CIBC shall have been provided with standard sundry, account
                   and hedging product, agreements and security documentation as
                   applicable in respect of Acceptances, Letters of Credit,
                   Hedge Agreements and Corporate Visa including, without
                   limitation, an ISDA Agreement;

               (f) no Event of Default shall have occurred and be continuing and
                   no Default shall exist; and

               (g) completion, to CIBC's satisfaction, of all due diligence with
                   respect to the Borrowers and their Subsidiaries and their
                   business and its assets, as CIBC deems appropriate.

REPORTING
REQUIREMENTS:  The Borrowers will provide to CIBC:

               (a) audited, consolidated financial statements of the Borrowers
                   within 120 days of the fiscal year-end of the Borrowers;

               (b) a summary of Receivable Value together with an aged list of
                   accounts receivable of the Borrowers and the Guarantors and a
                   Monthly Statement of Available Credit Limits as at month end
                   for the immediately preceding month within 30 days of each
                   month end;

               (c) in-house monthly financial statements and a completed
                   compliance certificate in the form of Schedule "B" attached
                   hereto (or such other form as CIBC may prescribe) for the
                   immediately preceding month within 30 days of each month end
                   or 45 days for the last month of each fiscal quarter;

               (d) a copy of the annual report and quarterly reports of FLC to
                   its shareholders and the notice and proxy information
                   circular for each annual general meeting and any special
                   general meeting of FLC;

               (e) a copy of all reports and filings with all securities
                   commissions (or like bodies) where FLC is a reporting issuer
                   and stock exchanges on which Securities of FLC are listed for
                   trading;
<PAGE>   11
                                       11

                              (f)  an annual business and financial plan and
                                   forecast for the Borrowers including
                                   month-by-month projected balance sheets,
                                   income statements and cash flow projections
                                   for the ensuing fiscal year, within 120 days
                                   of the fiscal year-end of the Borrowers in
                                   form acceptable to CIBC acting reasonably;
                                   and

                              (g)  such other documentation and information
                                   (financial or otherwise) as CIBC may
                                   reasonably request.

INDEMNITY:                    The Borrowers agree to indemnify and hold CIBC
                              and its officers, directors, employees and
                              agents harmless against any and all liabilities
                              and costs (including all reasonable legal fees,
                              disbursements and other costs on a solicitor and
                              his own client full indemnity basis) associated
                              with or as a result of any of the Borrowers or
                              their Subsidiaries, breach of or non-compliance
                              with any legislation, public or private
                              requirement, regulation, by-law, order, directive
                              or judgment related to the protection or
                              enhancement of the environment. This indemnity
                              will survive the repayment, cancellation or
                              termination of this Loan Agreement and the Credit
                              Facility.

OBLIGATIONS JOINT
AND SEVERAL:                  Unless otherwise stated or the context otherwise
                              requires, all of the representations, covenants,
                              agreements and obligations of the Borrowers under
                              this Loan Agreement and the Security Documents
                              shall be joint and several on the part of each of
                              the Borrowers.

NOTICES:                      Any notice or communication to be given hereunder
                              and under the Security Documents may be
                              effectively given by delivering the same at the
                              addresses hereinafter set forth or by facsimile
                              or by sending the same by prepaid registered mail
                              to the parties at such addresses. Any notice will
                              be deemed to have been given upon actual receipt
                              thereof. The address and facsimile number of the
                              parties are:

                              FutureLink Corp.
                              6 Morgan
                              Irvine, CA 92618

                              Attention: Chief Financial Officer
                              Facsimile: (949) 837-8387

<PAGE>   12
                                       12

                                        FutureLink Distribution Corp.
                                        300, 250 - 6th Avenue S.W.
                                        Calgary, AB T2P 3H7

                                        Attention: Chief Financial Officer
                                        Facsimile: (403) 509-5016

                                        Canadian Imperial Bank of Commerce
                                        Knowledge Based Business
                                        10th Floor, 855 - 2nd Street S.W.
                                        Calgary, AB T2P 2P2

                                        Attention: Director
                                        Facsimile: (403) 221-5333

                                        Any party may from time to time notify
                                        the other, in accordance with the
                                        provisions hereof, of any change of
                                        address or addressee or facsimile
                                        number, which thereafter, until changed
                                        by like notice, will be the address of
                                        such party for all purposes of this Loan
                                        Agreement and the Security Documents.

GENERAL TERMS AND CONDITIONS:           Schedule "A" attached hereto contains
                                        definitions, covenants, events of
                                        default, terms and conditions which form
                                        part of this Loan Agreement.

ACCEPTANCE:                             CIBC and the Borrowers each agree to be
                                        bound by the terms and conditions of
                                        this Loan Agreement.

CANADIAN IMPERIAL BANK                  FUTURELINK CORP.
OF COMMERCE

By: /s/ [ILLEGIBLE SIGNATURE]           By: /s/ RAGHU N. KILANBI
    ----------------------------            -----------------------------
    Name:                                   Name: Raghu N. Kilanbi
    Title:                                  Title: Exec. VP & CFO
                (corporate seal)                        (corporate seal)

By: /s/ T. F. FRASER                    By: /s/ KYLE B. SCOTT
    ----------------------------            -----------------------------
    Name: T. F. FRASER                      Name: Kyle B. Scott
    Title: Commercial Lending               Title: VP & Secretary
           Specialist

FUTURELINK DISTRIBUTION CORP.

By: /s/ RAGHU N. KILANBI
    ----------------------------
    Name: Raghu N. Kilanbi
    Title: Exec. VP & CFO

                (corporate seal)

By: /s/ KYLE B. SCOTT
    ----------------------------
    Name: Kyle B. Scott
    Title: VP & Secretary

<PAGE>   13
          THIS IS SCHEDULE "A" TO THE LOAN AGREEMENT DATED MAY 4, 2000
                   AMONG CANADIAN IMPERIAL BANK OF COMMERCE,
                             FUTURELINK CORP. AND,
                         FUTURELINK DISTRIBUTION CORP.

                                   ARTICLE 1
                                  DEFINITIONS

1.1  DEFINITIONS.  The following capitalized words and phrases used in this
Loan Agreement and in all notices and communications made pursuant to this Loan
Agreement have the meanings set out below.

"ACCEPTANCE" means L/C Acceptances or Availed Documentary Collections, or both,
as the case may be.

"ADVANCE" means an advance or an accommodation made available to either of the
Borrowers under the Credit Facility as permitted under this Loan Agreement.

"AFFILIATE" shall have the meaning ascribed thereto in section 2(1) of the
Business Corporations Act (Alberta).

"AVAILED DOCUMENTARY COLLECTION" means a bill of exchange, drawn on either of
the Borrowers' availed by CIBC at the request of a Borrower.

"BANKING DAY" means any day, other than a Saturday or Sunday, on which Canadian
chartered banks are open for domestic and foreign exchange business in Calgary,
Alberta.

"BASE RATE LOAN" means a U.S. dollar loan on which interest is calculated by
reference to the U.S. Base Rate.

"BUSINESS" means the business currently conducted by the Borrowers and their
Subsidiaries.

"CDN. DOLLARS" OR "CDN. $" means lawful money of Canada in same day immediately
available freely transferable funds or, if such funds are not available, the
form of money of Canada that is customarily used in the settlement of
international banking transactions on the date payment is due hereunder.

"CONTINGENT EXPOSURE" means, at the time of determination thereof, the
contingent liability and exposure of CIBC arising or which may arise under and
in respect of any outstanding Acceptances, Letters of Credit or Hedge
Agreements, issued or entered into pursuant to this Loan Agreement, as
determined by CIBC in accordance with CIBC's standard banking practice.

<PAGE>   14
                                       2

"CREDIT AGREEMENT" means the Credit Agreement dated April 4, 2000 between CIBC
and FLC pursuant to which CIBC offered to make available the Credit Facility to
the Borrowers, as such Credit Agreement may be supplemented, renewed, amended
or replaced from time to time.

"CURRENT ASSETS" means, as at the date of determination thereof and as
determined in accordance with GAAP on a consolidated basis for the Borrowers
and the Guarantors, cash, accounts receivable, inventory and other assets that
are likely to be converted into cash, sold, exchanged or expended in the normal
course of business within one year or less, excluding amounts due from related
parties and Affiliates.

"CURRENT LIABILITIES" means, as at the date of determination thereof and as
determined in accordance with GAAP on a consolidated basis for the Borrowers
and the Guarantors, debts that are or will become payable within one year or
one operating cycle, whichever is longer, which usually include accounts
payable, current expenses, deferred revenue, and the current portion of long
term debt.

"DEFAULT" means an event or condition the occurrence or existence of which
would, with the lapse of time or the giving of notice or both, become an Event
of Default.

"DEFERRED REVENUE" means, at the time of determination thereof, the "Deferred
Revenue" of the Borrowers and the Guarantors on a consolidated basis determined
in accordance with GAAP.

"DISTRIBUTION" in respect of the Borrowers and its Subsidiaries means:

(a) dividends or other distributions on share capital (including, without
    limitation, Preferred Stock and redemptions of mandatory redeemable
    Preferred Stock) of a corporation; and

(b) redemption, acquisition or retirement of any shares of its capital or
    warrants, rights or other options to purchase any shares of its capital.

"ENVIRONMENTAL LAWS" means all applicable federal, provincial, state, regional,
municipal or local laws with respect to the environment or environmental or
public health and safety matters contained in statutes, regulations, rules,
ordinances, orders, judgments, approvals, notices, permits or policies,
guidelines or directives having the force of law.

"EVENT OF DEFAULT" means an Event of Default as set out in Section 8.1 of this
Schedule "A".

"FUNDED DEBT" means, as at the date of determination thereof and as determined
in accordance with GAAP on a consolidated basis for the Borrowers and the
Guarantors, that portion of the interest bearing debt (including rentals under
capital leases) which comprise as "Funded Debt" in accordance with GAAP.

"FUNDED DEBT TO EQUITY RATIO" means that as at the date of determination
thereof, the ratio of Funded Debt to total Shareholders' Equity.

"GAAP" means generally accepted accounting principles as in effect from time to
time in Canada or the United States.
<PAGE>   15
                                       3

"GOVERNMENTAL AUTHORITY" means:

(a) the government of

      (i) Canada or any province or other political subdivision thereof, or

     (ii) the United States of America or any state or other political
          subdivision thereof, or

    (iii) any jurisdiction in which the Borrowers or any of their Subsidiaries
          conducts all or any part of its business, or which asserts
          jurisdiction over any properties of the Borrower or any of its
          Subsidiaries; or

(b) any entity exercising executive, legislative, judicial, regulatory or
    administrative functions of, or pertaining to, any such government.

"HAZARDOUS MATERIALS" means any substance or mixture of substances which, if
released into the environment, would likely cause, immediately or at some
future time, harm or degradation to the environment or to human health or
safety and includes any substance defined as or determined to be a pollutant,
contaminant, waste, hazardous waste, hazardous chemical, hazardous substance,
toxic substance or dangerous good under any Environmental Laws.

"HEDGE AGREEMENTS" means (i) interest rate swap, interest cap and interest rate
collar agreements, or any similar agreement, option or arrangements designed to
hedge the risk of interest rate fluctuations and volatility, (ii) foreign
currency swap, hedge, exchange or any similar agreement, option or arrangement
designed to hedge the risk of foreign currency exchange fluctuations and
volatility, and (iii) any other derivative agreements or transactions as
approved by CIBC, in each case on terms and conditions acceptable to CIBC
acting reasonably in accordance with CIBC's standard banking practice.

"INDEBTEDNESS" of any Person means, without duplication, (a) all obligations of
such Person for borrowed money which in accordance with GAAP would be included
in determining total liabilities as shown on the liability side of a balance
sheet of such Person as of the date at which Indebtedness is to be determined,
(b) obligations for borrowed money secured by any Lien upon property or assets
owned by such Person, even though such Person has not assumed or become liable
for the payment of such obligations, (c) obligations created or arising under
any conditional sale or other title retention agreement with respect to
property acquired by such Person, notwithstanding the fact that the rights and
remedies of the seller, lender or lessor under such agreement in the event of
default are limited to repossession or sale of property, (d) obligations under
capital leases, (e) guaranties of obligations of others of the character
referred to in this definition and (f) obligations of such Person in respect of
mandatorily redeemable Preferred Stock.

"INTELLECTUAL PROPERTY" means all rights, titles, estates and interests now
owned or hereafter owned or acquired by or on behalf of any of the Borrowers
and their Subsidiaries in any patent, trade mark, service mark, industrial
design, copyright, trade name, design, process, know-how and goodwill and like
intellectual or industrial property, and any license, franchise, permit or
quota of or relating thereto, and all pending applications pertaining thereto.
<PAGE>   16
                                       4

"ISDA AGREEMENT" means the most recent version of the International Swap
Dealers Association, Inc. Master Agreement relating to derivatives transactions
in use by CIBC and includes any collateral or other agreements or documents
entered into in accordance therewith.

"L/C ACCEPTANCE" means a draft (as defined under the Bills of Exchange Act
(Canada)) payable to the beneficiary of a documentary L/C which the L/C
applicant or beneficiary, as the case may be, has presented to CIBC for
acceptance under the terms of the L/C.

"LETTER OF CREDIT" OR "L/C" means a documentary or standby letter of credit, a
letter of guarantee, or a similar instrument in form and substance satisfactory
to CIBC.

"LIEN" means, with respect to any Person, any mortgage, lien, pledge, charge,
security interest or other encumbrance, or any interest or title of any vendor,
lessor, lender or other secured party to or of such Person under any
conditional sale or other title retention agreement or capital lease, upon or
with respect to any property or asset of such Person (including in the case of
stock, stockholder agreements, voting trust agreements and all similar
arrangements), other than Permitted Encumbrances.

"LOAN AGREEMENT" means this Loan Agreement, as the same may be supplemented,
amended or restated from time to time in accordance with its terms.

"MATERIAL" means material in relation to the Business, operations, affairs,
financial condition, assets, properties, or prospects of any of the Borrowers
and their Subsidiaries taken as a whole.

"MATERIAL ADVERSE EFFECT" means a material adverse effect on (a) the Business,
operations, affairs, financial condition, assets or properties of any of the
Borrowers and their Subsidiaries taken as a whole, or (b) the ability of the
Borrower and its Subsidiaries to perform their respective obligations under
this Loan Agreement or any of the Security Documents, or (c) the validity or
enforceability of this Loan Agreement or any of the Security Documents.

"MONTHLY STATEMENT OF AVAILABLE CREDIT LIMIT" means the CIBC form by that name,
as it may from time to time be changed.

"PERMITTED ENCUMBRANCES" means:

(a)  the lien or any right of distress reserved in or exercisable under any
     lease for rent and for compliance with the terms of such lease;

(b)  security given in the ordinary course of business to a public utility or
     any municipality or governmental or other public authority when required by
     such utility or municipality or governmental or other authority in
     connection with each of the Borrowers and their Subsidiaries and their
     respective operations;

(c)  all rights reserved to or vested in any governmental body by the terms of
     any lease, license, franchise, grant or permit held by any of the Borrowers
     and their Subsidiaries or by any statutory provision to terminate any such
     lease, license, franchise, grant or permit

<PAGE>   17
                                       5

     or to require annual or periodic payments as a condition of the continuance
     thereof or to distrain against or obtain a lien or any property or assets
     of any of the Borrowers or their Subsidiaries in the event of failure to
     make such annual or other periodic payments;

(d)  liens for taxes and assessments for the then current year which are not
     yet due and payable;

(e)  purchase money security liens, capital leases, conditional sales agreements
     or other title retention mortgages on a property or asset created, issued
     or assumed to secure the unpaid purchase price in respect of such property
     or asset; and

(f)  such other lien, mortgage, charge or encumbrance as may be consented to in
     writing by CIBC.

"PERSON" means an individual, partnership, corporation, limited liability
company, association, trust, unincorporated organization, or a government or
agency or political subdivision thereof.

"PREFERRED STOCK" means any class of capital stock of a corporation that is
preferred over any other class of capital stock of such corporation as to the
payment of dividends or the payment of any amount upon liquidation or
dissolution of such corporation.

"PRIME RATE" means the variable reference rate of interest per year declared by
CIBC from time to time to be its prime rate for Cdn. Dollar loans made by CIBC
in Canada.

"PRIME RATE LOAN" means a Cdn. dollar loan on which interest is calculated by
reference to the Prime Rate.

"PRINCIPAL INDEBTEDNESS" means at any time the aggregate outstanding principal
amount of all Indebtedness owed by the Borrowers to CIBC under this Loan
Agreement, including any Contingent Exposure.

"PRIORITY CLAIMS" means any amount owing to a creditor of any of the Borrowers
and the Guarantors that ranks, or may rank, equal to or in priority to the
security in favour of CIBC created by the Security Documents, which may include
unremitted source deductions and taxes, other amounts owing to governments and
governmental bodies and amounts owing to creditors who may claim priority under
the Bankruptcy and Insolvency Act (Canada) or equivalent legislation in the
United States or under a purchase money security interest in inventory or
equipment (as such terms are defined in the Personal Property Security Act
(Alberta)).

"QUICK RATIO" means, at the time of determination thereof, the ratio of all
cash PLUS accounts receivable TO Current Liabilities of the Borrowers and the
Guarantors on a consolidated basis.

"RECEIVABLE VALUE" means, at the time of determination, the total value of
those of the Borrowers' and the Guarantors' trade accounts receivable,
including accounts domiciled in the United States of America and Canada, that
are subject to the Security Documents, other than those accounts (i)
outstanding for 90 days or more, unless owned by a Government Authority of
Canada or the United States of America or by a Person rated BBB or better by
the Dominion Bond Rating Service, in
<PAGE>   18
                                       6

which case the amount is allowable until outstanding for 120 days, (ii) owing
by Persons who are an Affiliate of any of the Borrowers or the Guarantors; and
(iii) that CIBC may from time to time designate.

"SECURITIES" has the meaning attributed thereto in the Securities Act
(Alberta).

"SHAREHOLDERS' EQUITY" means paid-in capital, retained earnings and attributed
or contributed surplus.

"STANDARD OVERDRAFT RATE" means the variable or fixed reference interest rate
per year declared by CIBC from time to time to be its standard overdraft rate
on overdrafts in Cdn. dollar or U.S. dollar accounts maintained with CIBC in
Canada.

"SUBSIDIARY" shall have the meaning ascribed thereto in section 2(4) of the
Business Corporations Act (Alberta).

"U.S. BASE RATE" means the variable reference interest rate per year as
determined by CIBC from time to time to be its base rate for U.S. Dollar loans
made by CIBC in Canada.

"U.S. DOLLAR EXCHANGE EQUIVALENT" means, with reference to an amount (the
"original amount") expressed in a currency other than U.S. Dollars the amount
expressed in U.S. Dollars which CIBC would be required to pay in Toronto,
Ontario at the opening of business on the date specified, in order to purchase
the original amount, in accordance with CIBC's usual foreign exchange practice.

"U.S. DOLLARS" or "U.S. $" means the lawful money of the United States of
America in same day immediately available freely transferable funds, or, if
such funds are not available, the form of money of the United States of America
that is customarily used in the settlement of international banking
transactions on the date payment is due hereunder.

"WORKING CAPITAL RATIO" means, as at the date of any determination, the ratio
of Current Assets to Current Liabilities.

1.2  NUMBER.  Wherever the context of this Loan Agreement so requires, a term
used herein importing the singular shall also include the plural and vice versa.

1.3  MONETARY REFERENCES.  Whenever an amount of money is referred to in this
Loan Agreement and in any of the documents delivered pursuant to this Loan
Agreement, such amount shall, unless otherwise expressly stated, be in Canadian
dollars.

1.4  TIME.  Time shall be of the essence in this Loan Agreement.

1.5  GOVERNING LAW.  This Loan Agreement shall be governed by and interpreted
and construed in accordance with the laws of the Province of Alberta.

1.6  ENUREMENT.  This Loan Agreement shall be binding upon and shall enure to
the benefit of the Borrowers and CIBC and their respective successors and
permitted assigns.

<PAGE>   19
                                       7

1.7   AMENDMENTS. This Loan Agreement may only be amended by an instrument in
writing signed by each of the Borrowers and CIBC.

1.8   NO WAIVER.

(a)   No waiver by any of the Borrowers or CIBC of any provision or of the
      breach of any provision of any of this Loan Agreement or the Security
      Documents shall be effective unless it is contained in a written
      instrument duly executed by an authorized officer or representative of
      such party. Such written waiver shall affect only the matter specifically
      identified in the instrument granting the waiver and shall not extend to
      any other matter, provision or breach.

(b)   The failure of CIBC to take any steps in exercising any right in respect
      of the breach or nonfulfillment of any provision of any of this Loan
      Agreement or the Security Documents by any of the Borrowers or the
      Guarantors shall not operate as a waiver of that right, breach or
      provision, nor shall any single or partial exercise of any right preclude
      any other or future exercise of that right or the exercise of any other
      right, whether in law or otherwise.

1.9   SEVERABILITY. If the whole or any portion of this Loan Agreement, the
Security Documents or the application thereof to any circumstance shall be held
invalid or unenforceable to an extent that does not affect the operation of
this Loan Agreement or the Security Documents in a fundamental way, the
remainder of the provision in question, or its application to any circumstance
other than that to which it has been held invalid or unenforceable, and the
remainder of this Loan Agreement or the Security Documents, shall not be
affected thereby and shall be valid and enforceable to the fullest extent
permitted by law.

1.10  ACCOUNTING TERMS AND PRINCIPLES. Except as otherwise expressly provided,
all accounting terms, principles and calculations applicable to this Loan
Agreement, including the financial statements of the Borrowers and the
Guarantors shall be interpreted, applied and calculated, as the case may be,
in accordance with GAAP. The basis of accounting shall be applied and made on a
consistent basis and shall not be changed in any material respect unless agreed
to by CIBC in writing.

                                   ARTICLE 2
                          FUNDING AND OTHER MECHANICS

2.1  FUNDING OF ADVANCES. Where applicable, all Advances requested by the
Borrowers shall be made available by deposit of the applicable funds into the
appropriate account of the appropriate Borrower with CIBC for value on the
Banking Day on which the advance is to take place.

2.2  EXCHANGE RATE FLUCTUATIONS. If as a result of currency fluctuation the
U.S. Dollar Exchange Equivalent of the Principal Indebtedness at any time
exceeds the then applicable amount authorized under the Credit Facility (the
"Excess"), the Borrower shall forthwith pay the Excess to CIBC as a repayment
of principal.
<PAGE>   20
                                       8

                                   ARTICLE 3
                        CALCULATION OF INTEREST AND FEES

3.1  RECORDS. CIBC shall maintain records, in written or electronic form,
evidencing all Advances and all other Indebtedness owing by the Borrowers to
CIBC under this Loan Agreement. CIBC shall enter in such records details of all
amounts from time to time owing, paid or prepaid by the Borrower to CIBC
hereunder. The information entered in such records shall constitute prima facie
evidence of the Indebtedness of the Borrowers to CIBC under this Loan Agreement.

3.2  PAYMENT OF INTEREST AND FEES.

(a)  INTEREST. Except as expressly stated otherwise herein, all Prime Rate Loans
     and Base Rate Loans from time to time outstanding hereunder shall bear
     interest, as well after as before maturity, default and judgment, with
     interest on overdue interest, at the applicable rates. Interest payable at
     a variable rate shall be adjusted automatically without notice to the
     Borrowers whenever there is a variation in such rate.

(b)  CALCULATION OF INTEREST. Interest on Prime Rate Loans and Base Rate Loans
     shall accrue and be determined daily and be calculated and payable on such
     Banking Day as is customary for CIBC having regard to its then existing
     practice. Interest on Prime Rate Loans and Base Rate Loans shall be
     calculated on the basis of a 365 or 366 day year, as applicable.

(c)  INTEREST ACT (CANADA). For the purposes of the Interest Act (Canada) and
     all other applicable laws which may hereafter regulate the calculation or
     computation of interest in this Loan Agreement, the annual rates of
     interest and fees applicable to Prime Rate Loans and Base Rate Loans, are
     the rates as determined under this Loan Agreement multiplied by the actual
     number of days in a period of one year commencing on the first day of the
     period for which such interest or fee is payable and divided by 365 or 366
     (for a leap year).

3.3  CONVERSION TO ANOTHER CURRENCY. A conversion of an Advance from one
currency to another currency shall not be made by a netting out of funds unless
otherwise agreed to by CIBC.

3.4  WAIVER OF JUDGMENT INTEREST ACT (ALBERTA). To the extent permitted by
applicable law, the provisions of the Judgment Interest Act (Alberta) shall not
apply to this Loan Agreement and the Security Documents and are hereby expressly
waived by the Borrowers and the Guarantors.

3.5  DEEMED REINVESTMENT NOT APPLICABLE. For the purposes of the Interest Act
(Canada), the principle of deemed reinvestment of interest shall not apply to
any interest calculation under this Loan Agreement and the rates of interest
stipulated in this Loan Agreement are intended to be nominal rates and not
effective rates or yields.
<PAGE>   21
                                       9

                                   ARTICLE 4
                GENERAL PROVISIONS RELATING TO LETTERS OF CREDIT

4.1  CONDITIONS PRECEDENT TO ISSUANCE. CIBC will issue in accordance with the
terms of this Loan Agreement Letters of Credit under the Credit Facility on
behalf of either of the Borrowers to be used by the Borrower in the ordinary
course of its Business and upon execution by the Borrower of such other standard
bank documents relating thereto as are reasonably required by CIBC.

4.2  PAYMENTS PURSUANT TO LETTERS OF CREDIT. The appropriate Borrower shall
forthwith reimburse CIBC for any payment made by it pursuant to a Letter of
Credit, either by (i) payment thereof in full, (ii) utilization of another
Advance under the Credit Facility, or (iii) a combination of such payment and
utilization. Each such payment will bear interest, with interest on overdue
interest, from the date of disbursement to the date of reimbursement at the rate
applicable from time to time to Prime Rate Loans.

                                   ARTICLE 5
                                INCREASED COSTS

5.1  CHANGES IN LAW.

(a)  If due to either:

     (i)  the introduction of, or any change in, or in the interpretation of any
          law, whether having the force of law or not, resulting in the
          imposition or increase of reserves, deposits or similar requirements
          by any central bank or administrative body charged with the
          administration thereof; or

     (ii) the compliance with any guideline or request from any central bank or
          other administrative body which CIBC, acting reasonably, determines
          that it is required to comply with,

     there shall be any increase in the cost to CIBC of agreeing to make or
     making, funding or maintaining this Loan Agreement or there shall be any
     reduction in the effective return to CIBC thereunder, then, subject to the
     paragraph below, the Borrowers shall, within two (2) Banking Days after
     being notified by CIBC of such event, pay to CIBC quarterly in arrears,
     that amount (the "Additional Compensation") which CIBC, acting
     reasonably, determines shall compensate it, after taking into account all
     applicable taxes, for any such increased costs or reduced returns incurred
     or suffered by CIBC.

(b)  If Additional Compensation is payable pursuant to the above paragraph, the
     Borrowers shall have the option to prepay or cancel any amount of the
     Principal Indebtedness owed to CIBC, subject to provisions of this Loan
     Agreement.

5.2  CHANGES IN CIRCUMSTANCES. Notwithstanding anything to the contrary herein
contained, if on any date CIBC determines in good faith, which determination
shall be conclusive and

<PAGE>   22
                                       10

binding on the parties, and provided written notice is given to the Borrowers
that its ability to maintain, or continue to offer any Advance has become
unlawful or impossible due to:

(a)  any change in applicable laws, or in the interpretation or administration
     thereof by authorities having jurisdiction in the matter; or

(b)  the imposition of any condition, restriction or limitation upon CIBC which
     is outside of its control,

then, in any such case, the Borrowers shall forthwith repay to CIBC all
principal amounts affected thereby, together with all unpaid interest accrued
thereon to the date of repayment and all other expenses incurred in connection
with the termination of any such Advance. Subject to the terms of this Loan
Agreement in respect of the Credit Facility, the Borrowers may utilize such
other form of Advance not so affected in order to make any required repayment
and, after any such repayment, the Borrowers may elect to re-borrow the amount
repaid by way of some other Advance upon complying with applicable requirements
thereof.

                                   ARTICLE 6
                 REPRESENTATIONS AND WARRANTIES OF THE BORROWER

6.1  REPRESENTATIONS AND WARRANTIES.  The Borrowers hereby jointly and severally
represent and warrant to CIBC, so long as any Indebtedness remains outstanding
to CIBC, that:

(a)  ORGANIZATION, POWER AND AUTHORITY.  Each of the Borrowers is a corporation
     duly organized, validly existing and in good standing under the laws of its
     jurisdiction of incorporation, and is duly registered or qualified as a
     foreign or extra-provincial corporation and in good standing in those other
     jurisdictions where it carries on business or owns assets and is in good
     standing in each jurisdiction in which such registration or qualification
     is required by law except to the extent that the failure to be so
     registered, qualified or in good standing would not have a Material Adverse
     Effect. Each of the Borrowers has the corporate power and authority to own
     or hold under lease the properties it purports to own or hold under lease,
     to transact the business it transacts and proposes to transact, to execute
     and deliver this Loan Agreement and the Security Documents and to perform
     the provisions hereof and thereof. Each of the Borrowers is subject to the
     relevant commercial law and civil law of the Province of Alberta and Canada
     which is applicable in such Province and is generally subject to suit and
     it is not immune nor do any of its properties or revenues enjoy any right
     of immunity on the date hereof from any judicial proceedings, including
     attachment prior to judgment, attachment in aid of execution, execution of
     judgment or otherwise.

(b)  AUTHORIZATION, ETC.  This Loan Agreement and the Security Documents (as
     applicable) have been duly authorized by all necessary corporate action on
     the part of the Borrowers and the Guarantors and their respective
     directors, and this Loan Agreement and the Security Documents constitute
     legal, valid and binding obligations of the Borrowers and the Guarantors
     enforceable against the Borrowers and the Guarantors in accordance with
     their respective terms.

<PAGE>   23
                                       11

(c)  ORGANIZATION, POWER AND AUTHORITY OF GUARANTORS. Each of the Guarantors is
     a corporation duly organized, validly existing and in good standing under
     the laws of its jurisdiction of incorporation, and is duly registered or
     qualified as a foreign or extra-provincial corporation in those other
     jurisdictions where it carries on business or owns assets and is in good
     standing in each jurisdiction in which such registration or qualification
     is required by law except to the extent that the failure to be so
     registered, qualified or in good standing would not have a Material Adverse
     Effect. Each of the Guarantors has the corporate or other power and
     authority to own or hold under lease the properties it purports to own or
     hold under lease, to transact the business it transacts and proposes to
     transact and to execute and deliver its Guarantee and to perform the
     provisions thereof. No Subsidiary of either of the Borrowers is a party to,
     or otherwise subject to, any legal restriction or any agreement (other than
     this Loan Agreement and customary limitations imposed by corporate law
     statutes) restricting the ability of such Subsidiary to pay dividends out
     of profits or make any other similar distributions of profits.

(d)  AUTHORIZED AND ISSUED CAPITAL. FLC is the sole legal and beneficial owner
     of all of the issued and outstanding shares in the capital of FLDC and each
     of the Guarantors, each of which is a wholly owned Subsidiary of FLC. The
     authorized capital of FLDC consists of an unlimited number of Class A
     Common Shares, Class B Common Shares and First Preferred Shares and the
     issued capital of FLDC consists of 3,321,275 Class A Common Shares. The
     authorized capital of Pleasanton consists of and the issued capital of
     Pleasanton consists of 1,500 shares of common stock. The authorized capital
     of Async consists of 1,500 shares of common stock and the issued capital of
     Async consists of 500 shares. The authorized capital of Madison consists of
     1,500 shares of common stock. The authorized capital of VSI consists of
     1,500 shares of common stock and the issued capital of VSI consists of 100
     Shares. The authorized capital of Micro Visions consists of 1,500 shares of
     common stock and the issued capital of Micro Visions consists of 500
     Shares.

(e)  RESTRICTIONS ON TRANSFER: There exist no restrictions on transfer of any
     shares in the capital stock of FLDC or any of the Guarantors other than
     obtaining the consent to any such transfer of the board of directors of
     FLDC or the applicable Guarantor.

(f)  FINANCIAL STATEMENTS. The Borrowers have delivered to CIBC copies of their
     financial statements. All of said financial statements (including in each
     case the related schedules and notes) fairly present in all material
     respects the consolidated financial position of the Borrowers and their
     Subsidiaries as of the respective dates specified in such financial
     statements and the consolidated results of their respective operations and
     cash flows for the respective periods so specified and have been prepared
     in accordance with GAAP consistently applied throughout the periods
     involved except as set forth in the notes thereto (subject, in the case of
     any interim financial statements, to normal year-end adjustments).

(g)  COMPLIANCE WITH LAWS, OTHER INSTRUMENTS, ETC. The execution, delivery and
     performance by the Borrowers and the Guarantors of this Loan Agreement and
     the Security Documents (as applicable) will not (i) contravene, result in
     any breach of, or
<PAGE>   24
                                       12

     constitute a default under the constating documents of the Borrowers or the
     Guarantors, (ii) conflict with or result in a breach of any of the terms,
     conditions or provisions of any order, judgment, decree, or ruling of any
     court, arbitrator or Governmental Authority applicable to the Borrowers or
     the Guarantors, or (iii) violate any provision of any law, statute or other
     rule or regulation of any Governmental Authority applicable to the
     Borrowers or the Guarantors. None of the Borrowers or the Guarantors is in
     default under any term of any agreement or instrument to which it is a
     party or by which it is bound, or any order, judgment, decree or ruling of
     any court, arbitrator or Governmental Authority or is in violation of any
     applicable law, ordinance, rule or regulation (including without limitation
     Environmental Laws) of any Governmental Authority that, individually or in
     the aggregate, could reasonably be expected to have a Material Adverse
     Effect.

(h)  GOVERNMENTAL AUTHORIZATIONS, ETC. No consent, approval or authorization
     of, or registration, filing or declaration with, any Governmental Authority
     is required to be obtained by any of the Borrowers or the Guarantors in
     connection with the execution, delivery or performance by any of the
     Borrowers or the Guarantors of this Loan Agreement or the Security
     Documents, other than such as have been obtained.

(i)  LITIGATION: OBSERVANCE OF AGREEMENTS, STATUTES AND ORDERS. There are no
     actions, suits or proceedings pending or threatened against or affecting
     either of the Borrowers or any of their Subsidiaries or any property of the
     Borrowers or their Subsidiaries in any court or before any arbitrator of
     any kind or before or by any Governmental Authority that, individually or
     in the aggregate, could reasonably be expected to have a Material Adverse
     Effect other than such as have been disclosed in writing to CIBC. Neither
     of the Borrowers nor any of their Subsidiaries is in default under any term
     of any agreement or instrument to which it is a party or by which it is
     bound, or any order, judgment, decree or ruling of any court, arbitrator or
     Governmental Authority or is in violation of any applicable law, ordinance,
     rule or regulation (including without limitation Environmental Laws) of any
     Governmental Authority, which default or violation, individually or in the
     aggregate, could reasonably be expected to have a Material Adverse Effect.

(j)  TAXES AND REMITTANCES. Each of the Borrowers and each of their
     Subsidiaries have filed all tax returns that are required to have been
     filed in any jurisdiction, and have paid all taxes shown to be due and
     payable on such returns and all other taxes and assessments levied upon
     them or their properties, assets, income or franchises (including value
     added taxes), to the extent such taxes and assessments have become due and
     payable and before they have become delinquent, and have remitted when due
     to the appropriate Governmental Authority all required amounts relating to
     employee deductions, except for any taxes and assessments (i) the amount of
     which is not individually or in the aggregate Material or (ii) the amount,
     applicability or validity of which is currently being contested in good
     faith by appropriate proceedings and with respect to which any of the
     Borrowers or their Subsidiaries, as the case may be, has established
     adequate reserves in accordance with GAAP. The Borrower knows of no basis
     for any other tax or assessment that could reasonably be expected to have a
     Material Adverse Effect. The charges, accruals and reserves on the books of
     each of the Borrowers and their Subsidiaries in respect of U.S.
<PAGE>   25
                                       13

     federal, state or other taxes, if any, and in respect of Canadian, Alberta
     and other provincial income and other taxes for all fiscal periods are
     adequate.

(k)  TITLE TO PROPERTY; LEASES.  Each of the Borrowers and their Subsidiaries
     have good and sufficient title to their respective properties in each case
     free and clear of Liens. All leases are valid and subsisting and are in
     full force and effect in all material respects.

(l)  LICENSES, PERMITS, ETC.  Except as disclosed in writing to CIBC and to the
     best of the knowledge of each of the Borrowers and their Subsidiaries after
     due inquiry:

     (i)   the Borrowers and their Subsidiaries own or possess all licenses,
           permits, franchises, authorizations and Intellectual Property without
           known conflict with the rights of others;

     (ii)  no product of either of the Borrowers or any of their Subsidiaries
           infringes any license, permit, franchise, authorization, patent,
           copyright, service mark, trademark, trade name or other right owned
           by any other Person; and

     (iii) there is no violation by any Person of any right of either of the
           Borrowers or any of their Subsidiaries with respect to any
           Intellectual Property.

(m)  EXISTING INDEBTEDNESS; FUTURE LIENS.  Neither of the Borrowers nor any of
     their Subsidiaries is in default and no waiver of default is currently in
     effect, in the payment of any principal or interest on any Indebtedness of
     either of the Borrowers or any of their Subsidiaries and no event or
     condition exists with respect to any Indebtedness of either of the
     Borrowers or any of their Subsidiaries that would permit (or that with
     notice or the lapse of time, or both, would permit) one or more Persons to
     cause such Indebtedness to become due and payable before its stated
     maturity or before its regularly scheduled dates of payment. Except as
     disclosed in writing to CIBC, neither of the Borrowers nor any of their
     Subsidiaries has agreed or consented to cause or permit now or in the
     future (upon the happening of a contingency or otherwise) any of their
     respective property, whether now owned or hereafter acquired, to be subject
     to a Lien.

(n)  ENVIRONMENTAL MATTERS.  Neither of the Borrowers nor any of their
     Subsidiaries has knowledge of any claim or has received any notice of any
     claim, and no proceeding has been instituted raising any claim against
     either of the Borrowers or any of their Subsidiaries or any of their
     respective real properties now or formerly owned, leased or operated by any
     of them or other assets, alleging any damage to the environment or
     violation of any Environmental Laws. Except as otherwise disclosed to CIBC
     in writing:

     (i)   neither of the Borrowers nor any of their Subsidiaries has knowledge
           of any facts which would give rise to any claim, public or private,
           of violation of Environmental Laws or damage to the environment
           emanating from, occurring on or in any way related to real properties
           now or formerly owned, leased or operated by any of them or to other
           assets or their use; and

     (ii)  neither of the Borrowers nor any of their Subsidiaries has stored
           any Hazardous Materials on real properties now or formerly owned,
           leased or operated by any of
<PAGE>   26
                                       14

           them or has disposed of any Hazardous Materials in a manner contrary
           to any Environmental Laws.

(o)  INTELLECTUAL PROPERTY.  Except as disclosed in writing to CIBC and to the
     best of the knowledge of the Borrowers after due inquiry:

     (i)   each of the Borrowers and their Subsidiaries (as the case may be) has
           good title to the Intellectual Property in Canada and the United
           States of America as required by law;

     (ii)  the Intellectual Property is valid and subsisting and all
           registrations and recordings of the Intellectual Property as required
           by law are valid and subsisting and in full force and effect as of
           the date of this Loan Agreement;

     (iii) none of the Intellectual Property has lapsed, been dedicated to the
           public, nor has any Intellectual Property been infringed by any other
           Person nor are either of the Borrowers or any of their Subsidiaries
           infringing similar rights of any other Person; and

     (iv)  as of the date of this Loan Agreement, neither of the Borrowers nor
           any of their Subsidiaries has any pending applications for
           registration or recording in Canada or the United States of America
           of any Intellectual Property, other than as required by law.

(p)  OPERATION OF PROPERTIES.  The property of each of the Borrowers and their
     Subsidiaries have been and shall continue to be operated and maintained, as
     the case may be, in a good and workmanlike manner in accordance with sound
     industry practice and in accordance with all applicable laws.

(q)  INFORMATION.  All material factual information heretofore or
     contemporaneously furnished by or on behalf of any of the Borrowers or
     their Subsidiaries to CIBC in connection with this Loan Agreement and the
     Credit Facility is true and accurate in all material respects and none of
     the Borrowers or their Subsidiaries are aware of any omission of any
     material fact which renders such factual information incomplete or
     misleading in any material way.

(r)  NO DEFAULT.  No Event of Default or Default has occurred.

(s)  SUBSIDIARIES.  Neither of the Borrowers has direct or indirect Subsidiaries
     other than the Guarantors and as otherwise disclosed in writing to CIBC as
     of the date hereof.

6.2  ACKNOWLEDGEMENT.  The Borrowers acknowledge that CIBC is relying upon the
representations and warranties in this Article 6 in making the Credit Facility
available to the Borrowers.

6.3  SURVIVAL OF REPRESENTATIONS AND WARRANTIES.  All representations and
warranties set forth above shall survive and continue beyond the making of any
loan or advance under the Credit Facility or the giving or taking of any
Security Documents, notwithstanding any
<PAGE>   27
                                       15

investigations or examinations made by CIBC or its representatives or solicitors
and shall terminate only on repayment in full of the Credit Facility and the
discharge of all other obligations of the Borrowers and the Guarantors (as the
case may be) to CIBC under this Loan Agreement and the Security Documents.

                                   ARTICLE 7
                           COVENANTS OF THE BORROWER

7.1     AFFIRMATIVE COVENANTS.   While any Indebtedness under this Loan
Agreement is outstanding or any Advances or Credit Facility remain available to
the Borrowers, except with the written consent of CIBC (which consent will not
be unreasonably withheld or delayed), the Borrowers hereby covenants with CIBC
that:

(a)    PUNCTUAL PAYMENT.  The Borrowers shall pay or cause to be paid all
       Indebtedness and other amounts payable under this Loan Agreement or the
       Security Documents punctually when due.

(b)    NOTICE OF EVENT OF DEFAULT.  The Borrowers shall notify CIBC of the
       occurrence of any Event of Default or Default forthwith upon becoming
       aware thereof and specify in such notice the nature of the event and the
       steps taken or proposed to be taken to remedy the same.

(c)    NOTICE OF ENVIRONMENTAL DAMAGE.  The Borrowers shall, promptly upon
       acquiring knowledge thereof, notify CIBC of the discovery of any
       Hazardous Material or of any Material release of Hazardous Material into
       the environment from or upon the land or property owned, operated or
       controlled by either of the Borrowers or any of their Subsidiaries.

(d)    ADDITIONAL ENVIRONMENTAL INFORMATION.  The Borrowers shall upon the
       request of CIBC make available for discussion with CIBC and a nominee of
       the Borrowers at all reasonable times and on reasonable prior notice the
       individuals who were involved in the preparation of any environmental
       certificate given hereunder.

(e)    REPORTING OBLIGATIONS. The Borrowers shall comply on a timely basis with
       all of their reporting obligations under this Loan Agreement and shall
       provide to CIBC, at the request of CIBC acting reasonably, such other
       documentation and information concerning the Borrowers and each of their
       Subsidiaries and their respective business as CIBC may require.

(f)    COMPLIANCE WITH LAW.  The Borrowers will, and will cause each of their
       Subsidiaries to, comply with all laws, ordinances or governmental rules
       or regulations to which each of them is subject, including, without
       limitation, Environmental Laws, and will obtain and maintain in effect
       all licenses, certificates, permits, franchises and other governmental
       authorizations necessary to the ownership of their respective properties
       or to the conduct of their respective businesses, in each case to the
       extent necessary to ensure that non-compliance with such laws,
       ordinances or governmental rules or regulations or

<PAGE>   28
                                       16

     failures to obtain or maintain in effect such licenses, certificates,
     permits, franchises and other governmental authorizations could not,
     individually or in the aggregate, reasonably be expected to have a Material
     Adverse Effect.

(g)  INSURANCE. The Borrowers will, and will cause each of their Subsidiaries
     to, maintain, with financially sound and reputable insurers, insurance with
     respect to their respective properties and businesses against such
     casualties and contingencies, of such types, on such terms and in such
     amounts (including deductibles, co-insurance and self-insurance, if
     adequate reserves are maintained with respect thereto) as would a prudent
     owner of such properties and business.

(h)  MAINTENANCE OF PROPERTIES. The Borrowers will, and will cause each of their
     Subsidiaries to, maintain and keep, or cause to be maintained and kept,
     their respective properties in good repair, working order and condition
     (other than ordinary wear and tear), so that the business carried on in
     connection therewith may be properly conducted at all times provided that
     this subsection shall not prevent the Borrowers or any of their
     Subsidiaries from discontinuing the operation and the maintenance of any
     of its properties if such discontinuance is desirable in the conduct of its
     business and the Borrower has concluded that such discontinuance could not,
     individually or in the aggregate, reasonably be expected to have a Material
     Adverse Effect.

(i)  PAYMENT OF TAXES AND CLAIMS. The Borrowers will, and will cause each of
     their Subsidiaries to, file all tax returns required to be filed in any
     jurisdiction and to pay and discharge all taxes shown to be due and payable
     on such returns and all other taxes, assessments, governmental charges, or
     levies imposed on them or any of their properties, assets, income or
     franchises (including value added taxes), to the extent such taxes and
     assessments have become due and payable and before they have become
     delinquent and all claims for which sums have become due and payable that
     have or might become a Lien on properties or assets of either of the
     Borrowers or any of their Subsidiaries and shall remit when due to the
     appropriate Governmental Authority all required amounts relating to
     employee deductions; provided that neither of the Borrowers nor any of
     their Subsidiaries need pay any such tax or assessment or claims if (i) the
     amount, applicability or validity thereof is contested by a Borrower or a
     Subsidiary on a timely basis in good faith and in appropriate proceedings,
     and the Borrower or such Subsidiary has established adequate reserves
     therefor in accordance with GAAP on the books of the Borrower or such
     Subsidiary or (ii) the nonpayment of all such taxes and assessments in the
     aggregate could not reasonably be expected to have a Material Adverse
     Effect.

(j)  CORPORATE EXISTENCE, ETC. The Borrowers will at all times preserve and keep
     in full force and effect or cause to preserve and keep in full force and
     effect their corporate existence and the corporate existence of each of
     their Subsidiaries and all rights and franchises of the Borrowers and their
     Subsidiaries.

(k)  GUARANTEES. The Borrowers will ensure that the obligations under this Loan
     Agreement and the Security Documents including all obligations and
     liabilities of the Borrowers or the Guarantors under the Guarantees and the
     FLC Guarantee are and at all times shall remain direct obligations of the
     Borrowers and the Guarantors, as the case may be.

<PAGE>   29
                                       17

(l)  INSPECTION. The Borrowers shall permit or cause to permit the
     representatives of CIBC:

     (i)   No Default - if no Default or Event of Default then exists, at the
           expense of CIBC and upon reasonable prior notice to the Borrowers to
           visit the principal executive office of any of the Borrowers and
           their Subsidiaries, to discuss the affairs, finances and accounts of
           the Borrowers and their Subsidiaries with the Borrowers' and its
           Subsidiaries' officers, and its independent chartered accountants,
           and to visit the other offices and properties of either of the
           Borrowers and their Subsidiaries, all at such reasonable times and as
           often as may be reasonably requested in writing; and

     (ii)  Default - if a Default or Event of Default then exists, at the
           reasonable expense of the Borrowers, to visit and inspect any of the
           offices or properties of either of the Borrowers or any of their
           Subsidiaries, to examine all their respective books of account,
           records, reports and other papers, to make copies and extracts
           therefrom, and to discuss their respective affairs, finances and
           accounts with their respective officers and independent chartered
           accountants (and by this provision the Borrowers authorize said
           accountants to discuss the affairs, finances and accounts of the
           Borrowers and their Subsidiaries), all at such times and as often as
           may be reasonably requested.

(m)  ACQUISITIONS. Subject to section 7.2, the Borrowers will provide prior
     written notice to CIBC of any acquisition by either of the Borrowers or any
     of their Subsidiaries of any other Person, with full particulars of the
     acquisition.

7.2  NEGATIVE COVENANTS. While any Indebtedness under this Loan Agreement and
the Security Documents is outstanding or any of the Advances or Credit Facility
remain available to the Borrowers, and except with the prior written consent of
CIBC (which consent will not be unreasonably withheld or delayed), the Borrowers
covenants with CIBC that:

(a)  CHANGE IN BUSINESS. Neither of the Borrowers will and will not permit any
     Subsidiary of either of the Borrowers to make any Material change in the
     nature of their respective Business as carried on at the date hereof.

(b)  MERGER, ETC. Other than acquisitions of any Person that carries on the same
     or similar Business or corporate reorganizations of any of the Borrowers or
     their Subsidiaries which would not have a Material Adverse Effect, neither
     of the Borrowers will and will not permit any Subsidiary of either of the
     Borrowers to merge or amalgamate with or into or acquire any other Person
     or enter into partnership or syndicate with any Person.

(c)  LIENS. Neither of the Borrowers will and will not permit any Subsidiary of
     either of the Borrowers to create, cause, permit or permit to subsist any
     Lien of any kind or nature, against any of their respective assets or
     properties, which ranks or purports to rank in priority to or pari passu
     with the Security Documents or any item thereof.

(d)  SALE OF PERSONAL PROPERTY. Neither of the Borrowers will and will not
     permit any Subsidiary of either of the Borrowers to sell, transfer or
     dispose of any of their respective
<PAGE>   30
                                       18

     personal property, except in the course of their respective usual and
     ordinary day to day business and operations.

(e)  SALE OF REAL PROPERTY.  Neither of the Borrowers will and will not permit
     any Subsidiary of either of the Borrowers to sell, transfer or dispose of
     any of their respective real property, except in the ordinary course of
     their respective business.

(f)  NON ARM'S LENGTH SALE.  Neither of the Borrowers will and will not permit
     any Subsidiary of either of the Borrowers to sell, transfer or dispose of
     any of their respective property to a Person with whom it does not deal at
     arm's length (as defined in the Income Tax Act (Canada) unless such sale,
     transfer or disposition is for cash consideration and at market value.

(g)  USE OF PROCEEDS.  Neither of the Borrowers will and will not permit any
     Subsidiary of either the Borrowers to use or permit the use of the proceeds
     of the Credit Facility for other than the purposes authorized herein.

(h)  REPURCHASE OF SHARES.  Neither of the Borrowers will and will not permit
     any Subsidiary of either of the Borrowers to redeem or purchase any of its
     outstanding Securities or share capital or reduce its capital in any
     manner.

(i)  LOANS.  Other than in respect of intercompany accounts among any of the
     Borrowers and their Subsidiaries, neither of the Borrowers will and will
     not permit any Subsidiary of either of the Borrowers to make any loan or
     advance to or investment in or give any guarantee or financial assistance
     on behalf of or enter into any other such transaction with any other
     Person.

(j)  DISTRIBUTIONS.  Other than in respect of intercompany accounts among any
     of the Borrowers and their Subsidiaries, either of the Borrowers will and
     will not permit any Subsidiary of either of the Borrowers to pay, repay or
     undertake to pay or repay any shareholders' loan, or make or pay any
     Distribution.

(k)  FUNDAMENTAL CHANGES.  Neither of the Borrowers will and will not permit
     any Subsidiary of either of the Borrowers to undertake any fundamental
     changes, corporate reorganizations, amendments to capital or amendments to
     their respective constating documents or by-laws.

(l)  SHARE ISSUANCE. FLDC will not and the Borrowers will not permit any
     Subsidiary of either of the Borrowers to issue or commit to issue any
     Securities or allow any transfer of shares in the capital stock of the
     Guarantors or any direct or indirect change in control of any of its
     subsidiaries.

(m)  CHANGE IN MANAGEMENT.  Neither of the Borrowers will and will not permit
     any Subsidiary of either of the Borrowers to make any change in its senior
     management of which, in the opinion of CIBC, could cause a Material
     Adverse Effect.
<PAGE>   31
                                       19

(n)  BANKING BUSINESS.   Neither of the Borrowers nor any of the Canadian
     Subsidiaries of either of the Borrowers will conduct any banking business
     in Canada with any financial institution other than CIBC.

7.3  FINANCIAL COVENANTS.  While any indebtedness under this Loan Agreement is
     outstanding or any of the Advances remain available to the Borrowers and
     except with the consent of CIBC, the Borrowers and the Guarantors covenant
     with CIBC that:

     (a)  QUICK RATIO.  The Borrowers will at all times keep and maintain a
          Quick Ratio of no less than one decimal eight to one (1.8:1).

     (b)  FUNDED DEBT TO EQUITY RATIO.  The Borrowers shall at all times keep
          and maintain a Funded Debt to Equity Ratio at not greater than forty
          one hundredths to one (0.40:1).

     (c)  SHAREHOLDERS' EQUITY.  The Borrowers will at all times keep and
          maintain Shareholders' Equity at not less than U.S. $175,000,000.

                                   ARTICLE 8
                               EVENTS OF DEFAULT

8.1  EVENT OF DEFAULT.  An "Event of Default" shall exist under this Loan
     Agreement if any of the following conditions or events shall occur and be
     continuing:

     (a)  INCORRECT REPRESENTATIONS.  If any representation or warranty made to
          CIBC by the Borrowers hereunder shall prove to have been incorrect in
          any material respect when so made or deemed to have been repeated as
          herein provided.

     (b)  FAILURE TO PAY PRINCIPAL INDEBTEDNESS.  If either of the Borrowers
          make default in the due and punctual payment of any Principal
          Indebtedness owing under or pursuant to this Loan Agreement or the
          Security Documents as and when the same becomes due and payable,
          whether at maturity or otherwise.

     (c)  FAILURE TO PAY INTEREST.  If either of the Borrowers make default in
          the due and punctual payment of any interest owing under or pursuant
          to this Loan Agreement or the Security Documents for more than seven
          (7) Banking Days after the same becomes due and payable.

     (d)  BREACH OF COVENANTS.  Except for an Event of Default set out in
          subsections 8.1(b) and (c) above, if any of the Borrowers or the
          Guarantors defaults in the performance or observance of any covenant,
          obligation or condition to be observed or performed by it under or
          pursuant to this Loan Agreement, the Security Documents or any other
          agreement now or hereafter made by any of the Borrowers or the
          Guarantors with CIBC, and such default continues for a period of 30
          days after notice is given to the Borrowers by CIBC.

     (e)  INSOLVENCY.  If a judgment, decree or order of a court of competent
          jurisdiction is entered against any of the Borrowers or the
          Guarantors, (i) adjudging it bankrupt or insolvent, or

<PAGE>   32
                                       20

     approving a petition seeking its reorganization or winding-up under the
     Bankruptcy and Insolvency Act (Canada), the Companies' Creditors
     Arrangement Act (Canada) or any other bankruptcy, insolvency or analogous
     law of Canada or the United States of America or any state thereof, or
     (ii) appointing a receiver, trustee, liquidator, or other Person with like
     powers, over all, or substantially all, of its property or (iii) ordering
     the involuntary winding up or liquidation of affairs or (iv) if any
     receiver or other Person with like powers is appointed over all, or
     substantially all, of its property, unless such appointment is stayed and
     of no effect against this Loan Agreement and the Security Documents and
     the rights of CIBC thereunder.

(f)  WINDING-UP. If (i) an order or a resolution is passed for the
     dissolution, winding-up, reorganization or liquidation of any of the
     Borrowers or the Guarantors, pursuant to applicable laws, or (ii) the
     Borrower or the Guarantor institutes proceedings to be adjudicated
     bankrupt or insolvent, or consent to the institution of bankruptcy or
     insolvency proceedings against it under the Bankruptcy and Insolvency Act
     (Canada), the Companies' Creditors Arrangement Act (Canada) or any other
     bankruptcy, insolvency or analogous law of Canada or the United States of
     America or any state thereof, or (iii) any of the Borrowers or the
     Guarantors consents to the filing of any petition under any such law or to
     the appointment of a receiver, or other Person with like powers, over all,
     or substantially all, of such party's property, or (iv) any of the
     Borrowers or the Guarantors makes a general assignment for the benefit of
     creditors, or becomes unable to pay its debts generally as they become
     due, or (v) any of the Borrowers or the Guarantors takes or consents to
     any action in furtherance of any of the aforesaid purposes.

(g)  OTHER INDEBTEDNESS. Any of the Borrowers or the Guarantors is in default
     of any payment of principal or interest in regard to any indebtedness
     whatsoever owed by any of them after the expiry of any applicable grace
     period and demand therefor, whether incurred before or after the date
     hereof, to any Person other than CIBC, where the outstanding principal
     amount of such Indebtedness is in the aggregate, at any time more than
     U.S. $1,000,000.

(h)  JUDGMENTS. Judgment or judgments for the payment of money aggregating in
     excess of U.S. $1,000,000 (excluding any insured portions thereof for
     which an insurer has admitted liability) shall be rendered by a court of
     competent jurisdiction against any of the Borrowers or the Guarantors and
     such Person shall not discharge the same or provide for its discharge in
     accordance with its terms, or procure a stay of execution thereof, within
     30 days from the date of entry thereof.

8.2  REMEDIES. Upon the occurrence of an Event of Default, CIBC may forthwith
terminate the Credit Facility and any further obligation to provide Advances or
to grant any further credits or accommodations to the Borrowers under the Credit
Facility and the Principal Indebtedness together with unpaid accrued interest
thereon, any Contingent Exposure and any other amounts owing under or pursuant
to this Loan Agreement, contingent or otherwise, will be immediately due and
payable, whereupon the Borrowers shall be obligated without grace period to
forthwith pay or make arrangements acceptable to CIBC for payment of, such
amounts to CIBC and CIBC may exercise any and all rights, remedies, powers and
privileges afforded by applicable law or under any and all other instruments,
documents and agreements made to secure or assure
<PAGE>   33
                                       21

payment and performance of the obligations of the Borrowers under this Loan
Agreement, including, without limitation, the Security Documents.

8.3  WAIVERS. An Event of Default may only be waived in writing by CIBC.

8.4  DEFAULT RATE. Upon the occurrence of an Event of Default and for so long as
such Event of Default is subsisting, the interest rates applicable to each
outstanding Advance shall be equal to the greater of the interest rate then
applicable to each such outstanding Advance or the Standard Overdraft Rate,
effective immediately upon the occurrence of such Event of Default and for so
long as such Event of Default is subsisting.

                                   ARTICLE 9
                                   ASSIGNMENT

9.1  ASSIGNMENT OF INTERESTS. The rights and obligations of the Borrowers under
this Loan Agreement are not assignable, in whole or in part, without the prior
written consent of CIBC.

                                   ARTICLE 10
                                 MISCELLANEOUS

10.1 TELEPHONE INSTRUCTIONS. Any oral instructions given by the Borrowers in
relation to this Loan Agreement shall be at the risk of the Borrowers, and CIBC
shall have no liability for any error or omission in such verbal instructions
or in the interpretation or execution thereof by CIBC provided CIBC acted
without gross negligence in the circumstances.

10.2 NO PARTNERSHIP, JOINT VENTURE OF AGENCY. The Borrowers agrees that nothing
contained in this Loan Agreement nor the conduct of any party shall in any
manner whatsoever constitute or be intended to constitute any party as the agent
or representative or fiduciary of the other, constitute or be intended to
constitute a partnership or joint venture between CIBC and the Borrowers.

10.3 FURTHER ASSURANCES. The Borrowers shall, from time to time forthwith at
CIBC's request and at the Borrower's cost and expense, do, make, execute and
deliver, or cause to be done, made, executed and delivered, all such further
documents, financing statements, assignments, acts, matters and things which may
be reasonably required by CIBC with respect to this Loan Agreement and the
Security Documents or any part thereof and to give effect to any provision
thereof.

10.4 WAIVER OF LAWS. To the extent legally permitted, the Borrowers hereby
irrevocably and absolutely waive the provisions of any applicable law which may
be inconsistent at any time with, or which may delay or limit in any way, the
enforcement of this Loan Agreement and the Security Documents in accordance
with their terms.

10.5 ATTORNMENT AND GOVERNING LAW. The Borrowers do hereby irrevocably submit
and attorn to the non-exclusive jurisdiction of the courts of the Province of
Alberta for all matters
<PAGE>   34
                                       22

arising out of or relating to this Loan Agreement and the Security Documents or
any of the transactions contemplated thereby. Unless otherwise expressly stated
therein, this Loan Agreement and each of the Security Documents shall be
governed by and construed in accordance with the laws of the Province of
Alberta.

10.6      INTEREST ON PAYMENTS IN ARREARS. Except as otherwise provided in this
Loan Agreement, interest shall be paid by the Borrowers on amounts for which
CIBC has actually incurred an out-of-pocket expense and for which CIBC has an
obligation under this Loan Agreement to reimburse such amounts to any third
party incurring the expenses, interest shall be payable on such amount at the
CIBC Prime Rate plus 2% per annum from and including the day on which the amount
was incurred to but excluding the day on which the amount is reimbursed.

10.7      PAYMENTS DUE ON BANKING DAY. Whenever any payment hereunder shall be
due on a day other than a Banking Day, such payment shall be made on the next
succeeding Banking Day and such extension of time shall in such case be included
in the computation of payment of interest thereunder.

10.8      APPLICATION OF PROCEEDS. Except as otherwise agreed to by CIBC in its
sole discretion and as otherwise expressly provided hereunder, all payments made
by or on behalf of either of the Borrowers under this Loan Agreement or any
Security Documents, after demand for or acceleration of the Principal
Indebtedness, shall be applied by CIBC in the following order:

(a)       in payment of any amounts due and payable by way of recoverable
          expenses;

(b)       in payment of any amounts by way of any fees (other than standby
          fees);

(c)       in payment of any amounts due and payable as and by way of interest or
          standby fees, including any interest on overdue amounts;

(d)       in payment of the Principal Indebtedness; and

(e)       in payment of all other Indebtedness under this Loan Agreement.

10.9      COUNTERPARTS AND FACSIMILE DELIVERY. This Loan Agreement and the
Security Documents may be (i) executed in counterpart, each of which when so
executed shall be deemed to be an original and all of which taken together shall
constitute one and the same instrument and (ii) delivered by facsimile, provided
that as soon as reasonably practicable after any such facsimile delivery, each
party agrees to execute and deliver to the other an original of this Loan
Agreement and the Security Documents, as applicable. Delivery of an executed
counterpart of a signature page of any of this Loan Agreement and the Security
Documents by facsimile or photocopy shall be effective as delivery of an
original executed counterpart.

10.10     WHOLE AGREEMENT. This Loan Agreement, the Credit Agreement, the
Security Documents, and all further documents and agreements contemplated hereby
constitute the entire agreement between the parties hereto pertaining to the
Credit Facility and supersedes all other prior agreements among all the parties
in respect of the subject matter of this Loan Agreement.

<PAGE>   35
                                       23

10.11  CONFLICTING PROVISIONS.  In case of any conflict or inconsistency
between any provisions of this Loan Agreement and any provision of the Credit
Agreement, any item of the Security Documents or any other agreement by any of
the Borrowers in favour of CIBC, the provisions of this Loan Agreement shall
govern and prevail and the conflicting or inconsistent provision shall be
deemed to be amended to be consistent with the provisions hereof.

<PAGE>   36
          THIS IS SCHEDULE "B" TO THE LOAN AGREEMENT DATED MAY 4, 2000
                   AMONG CANADIAN IMPERIAL BANK OF COMMERCE,
                              FUTURELINK CORP. AND
                         FUTURELINK DISTRIBUTION CORP.

                 FUTURELINK DISTRIBUTION CORP/FUTURELINK CORP.
                             COMPLIANCE CERTIFICATE
                    FOR THE MONTH ENDED:

TO:  Canadian Imperial Bank of Commerce (CIBC)

RE:  Loan Agreement dated                   between CIBC and FutureLink
     Distribution Corp/FutureLink Corp. (Credit Agreement)

This Compliance Certificate is delivered to CIBC pursuant to the Loan
Agreement. Unless otherwise indicated, capitalized terms defined in the Loan
Agreement have the same meanings when used herein.

I am the duly appointed                 of FutureLink Distribution
Corp/FutureLink Corp. and hereby certify in such capacity for and on behalf of
the Borrowers, and not in my personal capacity, as follows:

1.  As the date hereof, the following are applicable to FutureLink Corp. in US
dollars on a consolidated basis:

Available Credit Limit

<TABLE>
<S>                                                          <C>              <C>              <C>
     75% of Receivable Value
                                                                              -----------
       Accounts Receivable
                                                             -----------
       (-) accounts with A/R (greater than) 90 days
                                                             -----------
       (+) BBB or Gov't A/R
             [greater than] 90 days [less than] 120 days
       (-) A/R -- Employees
                                                             -----------
       (-) A/R -- Related Companies
                                                             -----------
     (+) Cash Deposits with CIBC
                                                                              -----------
     (-) Deferred Revenue subject to Priority Claims
                                                                              -----------
     (-) Priority Claims
                                                                              -----------

     Available Credit Limit
                                                                                               -----------------------

                                                                                Lesser of sum of above or $10,000,000*
                                                                                  *maximum $5,000,000 until receipt of
                                                                                   $50,000,000 US in fresh cash equity
</TABLE>

Quick Ratio

<TABLE>
<S>                                                          <C>              <C>              <C>
     Quick Assets
                                                                              -----------
         Cash
                                                             -----------
         Accounts Receivable
                                                             -----------
     Current Liabilities
                                                                              -----------
     Quick Ratio
                                                                                               -----------------------
     Covenant                                                                                  minimum 1.8:1
</TABLE>

<PAGE>   37
                                       2

<TABLE>
<S>                                              <C>                      <C>                    <C>
Minimum Shareholder's Equity
     Shareholder's Equity
     Covenant                                                                                         ---------------
                                                                                                 minimum $175,000,000
Funded Debt to Shareholder's Equity Ratio
     Funded Debt                                                          ---------------
          CIBC Loans                             ---------------
          Other Senior Debt                      ---------------
          Capitalized Lease Obligations          ---------------

     Shareholder's Equity                                                 ---------------

     Funded Debt to Shareholder's Equity Ratio                                                        ---------------
     Covenant                                                                                         maximum 0.40:1

Clean Period

     Length of Clean Period                                                                           ---------------
        Commenced                                ---------------
        Completed                                ---------------
Covenant                                                                                         minimum 14 days
</TABLE>

2.   All terms, covenants and conditions of the Loan Agreement and Security
     Documents are being complied with in all material respects.

3.   No event of Default or event or condition which, with the passing of time
     or giving of notice, or both, would constitute and Event of Default has
     occurred, other than those that have been expressly disclosed in writing
     to, and which have been waived by, CIBC.

The undersigned officer acknowledges that CIBC is relying on this Compliance
Certificate in connection with Advances made under the Loan Agreement.

Dated at Calgary, Alberta this          day of                   .
                               ---------       --------  --------

FUTURELINK DISTRIBUTION CORP./FUTURELINK CORP.

Per:
       ---------------

Name:
       ---------------

Title:
       ---------------<PAGE>   1
                                                                   EXHIBIT 10.42

                                 FUTURELINK CORP.

                             SHARE PLEDGE AGREEMENT

          THIS AGREEMENT made this 4th day of May, 2000,

BETWEEN:

                   FUTURELINK CORP., a Delaware corporation
                                (the "Pledgor")

                                                               OF THE FIRST PART

                                     -and-

                       CANADIAN IMPERIAL BANK OF COMMERCE.
                           a Canadian chartered bank
                                 (the "Lender")

                                                              OF THE SECOND PART

          WHEREAS the Pledgor is indebted or may become indebted to the Lender
under a Loan Agreement dated May 4, 2000 among the Lender, the Pledgor and
FutureLink Distribution Corp. (as the same may be amended, supplemented or
replaced from time to time, the "Loan Agreement");

          AND WHEREAS the Pledgor has agreed to pledge the Shares (as
hereinafter defined) as security for the Indebtedness (as hereinafter defined);

          NOW, THEREFORE, THIS AGREEMENT WITNESSETH THAT, in consideration of
the premises and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged by the Pledgor, the Pledgor hereby
covenants and agrees with the Lender as follows:

1.        Delivery and Transfer of Shares

          The Pledgor represents, acknowledges and confirms (i) that it has
delivered to the Lender the certificates representing 2,158,829 Class A Common
shares (the "FLDC Shares") in the capital stock of FutureLink Distribution
Corp. ("FLDC"), and all of the issued and outstanding shares in capital stock
of FutureLink Pleasanton Corp., FutureLink Async Corp., FutureLink VSI Corp.,
FutureLink Madison Corp. and FutureLink Micro Visions Corp.

<PAGE>   2
                                       2

(collectively with FLDC, the "Corporations" and individually, a "Corporation"),
as described in Schedule "A" hereto (collectively with the FLDC Shares, the
"Shares"), together with an executed stock transfer power of attorney in blank
in respect of the Shares; (ii) that all conditions of transfer of the Shares to
the Lender or its nominee have been satisfied; and (iii) that the transfer of
the Shares or any part thereof will upon the direction of the Lender be entered
in the securities register of the appropriate Corporation and new certificates
therefor issued in the name of and delivered to the Lender or its nominee.

2.        Pledge

     (a)  Subject to the provisions of Section 6 hereof, the Pledgor hereby
pledges, assigns and hypothecates and grants a security interest in, the Shares
and all distributions, dividends, benefits and income appertaining thereto or
derived therefrom, to and in favour of the Lender as general and continuing
collateral security to secure the obligations of the Pledgor in respect of the
Indebtedness.

     (b)  The Lender, by accepting this pledge, agrees that upon payment in full
of the Indebtedness it will redeliver to the Pledgor the certificates for the
Shares together with the executed stock transfer power of attorney in blank in
respect of the Shares.

3.        Indebtedness Secured

          In this Agreement, the term "Indebtedness" shall mean and include all
present and future indebtedness and liability of every kind, nature and
description (whether direct or indirect, joint or several, absolute or
contingent, matured or unmatured) of the Pledgor to the Lender, wherever and
however incurred and any unpaid balance thereof and whether arising or
contemplated by the Loan Agreement or otherwise.

4.        Attachment and Value

          The Pledgor and the Lender acknowledge and agree that the security
interest created by this Agreement is intended to attach to the Shares
immediately upon execution of this Agreement by the Pledgor. The Pledgor
acknowledges that value has been given by the Lender.

5.        Covenants of Pledgor

          The Pledgor hereby covenants, warrants and represents to the Lender
that:

     (a)  it is the legal and beneficial owner with good title to the Shares
          which are free and clear of any encumbrances, claims, liens, security
          interests or third party claims of any kind whatsoever and that the
          Shares have been duly and validly authorized and issued and are fully
          paid for and that there are no outstanding calls thereon;

     (b)  the FLDC Shares together with an additional 1,162,446 Class A Common
          Shares in the capital stock of FLDC legally and beneficially owned by
          the Pledgor are the only issued shares in the capital stock of FLDC;
<PAGE>   3
                                       3

     (c)  the Shares (other than the FLDC Shares) are the only issued shares in
          the capital stock of the Corporation (other than FLDC);

     (d)  no person has any agreement, option, right or privilege capable of
          becoming an agreement, option or right for the acquisition,
          subscription, allotment or issuance of any unissued shares in the
          capital of or any securities of the Corporations;

     (e)  the Pledgor has the exclusive right and power to pledge, assign,
          deliver and to otherwise deal with the Shares, and that all conditions
          of transfer thereof have been complied with; and

     (f)  the Pledgor will ensure that no further shares in the capital stock of
          the Corporation are issued as long as any Indebtedness remains
          outstanding without the express written consent of the Lender.

6.        Voting Rights and Dividends

          Until the security hereby constituted shall have become enforceable,
the Pledgor retains beneficial ownership of the Shares and shall have the right
to:

     (a)  receive all distributions, dividends, benefits and income in respect
          to the Shares;

     (b)  represent the Shares at any meeting of the shareholders of any of the
          Corporations; and

     (c)  exercise any voting rights attached to the Shares;

PROVIDED THAT, upon the security hereby constituted becoming enforceable, all
such rights shall, without notice, immediately cease and be at an end and shall
vest in the Lender.

7.        Default

          The security hereby constituted shall become enforceable if any Event
of Default occurs, as defined in the Loan Agreement, or if any security
referred to in the Loan Agreement becomes enforceable.

8.        Enforcement

          At any time after the security hereby constituted becomes enforceable,
the Lender shall have the following rights, powers and remedies:

     (a)  to sell or dispose of the Shares, whether by public or private
          sale or otherwise in such manner, at such place and on such terms as
          may be commercially reasonable, including, without limitation, terms
          that provide time for payment or credit; PROVIDED ALWAYS THAT:
<PAGE>   4
                                       4

          (i)    it shall not be incumbent on the Lender to sell or dispose of
                 the Shares, but that it shall be lawful for the Lender or its
                 nominee peaceably and quietly to take, hold, use, possess and
                 enjoy the Shares;

          (ii)   the Lender may convey, transfer and assign to a purchaser or
                 purchasers the legal and beneficial title to the Shares;

          (iii)  the Lender shall have the right to purchase the Shares at any
                 public or private sale thereof; and

          (iv)   the Pledgor shall be entitled to be credited only with the
                 actual proceeds of such sale or other disposition of the Shares
                 when received by the Lender and the actual proceeds of such
                 sale shall mean all amounts received by the Lender upon the
                 sale or other disposition of the Shares; PROVIDED THAT such
                 actual proceeds shall be distributed as provided for in Section
                 10 of this Agreement;

     (b)  without restricting the generality of subsection 8(a) hereof, the
          right and power to receive all dividends and other distributions in
          respect of the Shares and, the right and power to:

          (i)    represent the Shares at any meeting or meetings of
                 shareholders of any of the Corporations; and

          (ii)   exercise all voting rights attached to the Shares.

The Pledgor acknowledges that the sale of the Shares shall be free from any
right of redemption on the part of the Pledgor which is hereby waived and
released. The Pledgor further acknowledges and agrees that the Lender shall not
be liable or accountable to the Pledgor for any failure to collect, realize or
obtain payment of all or any part of any dividends or other distributions on the
Shares or to represent or to exercise any voting rights in respect of the
Shares.

9.        Proceeds Held In Trust

          After the security hereby constituted becomes enforceable, all monies
collected or received by the Pledgor in respect of the Shares shall be received
in trust for the Lender and shall be forthwith paid to the Lender.

10.       Application of Proceeds and Disposition of Securities

          The proceeds from the sale of the Shares and any dividends or other
distributions received by the Lender may be applied or imputed to the
Indebtedness as the Lender may see fit, and the Lender shall at all times and
from time to time have the right to change any such imputation or appropriation
as the Lender may see fit; PROVIDED THAT all monies received by the Lender
pursuant to this Agreement shall be applied as follows:

<PAGE>   5
                                       5

     (a)  first, in payment of all reasonable costs and expenses, including
          reasonable legal costs as between a solicitor and his own client on a
          full indemnity basis, incurred by the Lender in the exercise of all or
          any of the powers granted to it under this Agreement and interest
          thereon from the date of incurring of such expenses at the rate
          payable in respect of the advances under the Loan Agreement;

     (b)  second, in payment of the Indebtedness in such manner as the Lender,
          in its sole discretion, may determine;

     (c)  third, in satisfaction of any indebtedness or liabilities secured by
          any security interest on the Shares subordinate to the pledge and
          assignment created by this Agreement if written demand therefor is
          received by the Lender before the distribution of the proceeds is
          completed; and

     (d)  fourth, any surplus shall be paid to the Pledgor.

11.       Waiver by the Lender

          Any breach by the Pledgor of any of the provisions contained in this
Agreement or any default by the Pledgor in the observance or performance of any
covenant or condition required to be observed or performed by the Pledgor
hereunder, may only be waived by the Lender in writing; PROVIDED THAT no such
waiver by the Lender shall extend to or be taken in any manner to effect any
subsequent breach or default or the rights resulting therefrom.

12.       The Lender Appointed Attorney

          Upon the security hereby constituted becoming enforceable, the
Pledgor hereby irrevocably appoints the Lender and any person further
designated by the Lender to be the attorney of the Pledgor for and on behalf
and in the name and stead of the Pledgor generally to exercise all or any of
the following powers:

     (a)  to execute and do any deeds, documents, transfers, demands,
          assignments, assurances, consents and things which the Pledgor is
          obliged to sign, execute or do hereunder;

     (b)  to commence, continue and defend any proceedings authorized to be
          taken hereunder;

     (c)  to sign and seal all documents and to fill in all blanks in any
          instruments, transfers, powers of attorney or other documents
          necessary in order to vest in the Lender or any officer or officers or
          a nominee or nominees of the Lender or any purchaser or purchasers of
          the Shares, all rights attached thereto; and

     (d)  to transfer the Shares and rights relating thereto to the Lender or
          any officer or officers or a nominee or nominees of the Lender or any
          purchaser or purchasers, and to cause the Shares to be transferred on
          the books of the Corporation to the Lender or any officer or officers
          or a nominee or nominees of the Lender or any purchaser or purchasers,
          and to entitle the Lender or any such nominee or
<PAGE>   6
                                       6

          purchaser to represent the Shares and rights relating thereto at any
          meeting of the Pledgor to vote thereon.

13.       Further Assurances

          The Pledgor shall do, execute, acknowledge and deliver or cause to be
done, executed, acknowledged and delivered such further acts, deeds, mortgages,
transfers, consents, powers of attorney, approvals and assurances as the Lender
shall reasonably require for the better assuring, pledging, assigning and
confirming unto the Lender the Shares or property intended to be pledged or
assigned hereunder, or which the Pledgor may hereafter become bound to pledge or
assign in favour of the Lender, for the purpose of accomplishing and effecting
the intention of this Agreement.

14.       Rights Cumulative

          All rights and remedies of the Lender set out in this Agreement shall
be cumulative, and no right or remedy contained herein is intended to be
exclusive, but each shall be in addition to any other right or remedy contained
herein or in any existing or further security document entered into between the
Pledgor and the Lender or presently or hereafter existing at law or in equity or
by statute.

15.       Security Additional and Continuing

          The Security hereby constituted is in addition to and not in
substitution for any of the security now or hereafter held by the Lender, and
the security shall not merge in any other security now or hereafter held by the
Lender. The security created hereby shall be a general continuing collateral
security for the Indebtedness until all of the Indebtedness owing to the Lender
from time to time is paid in full.

16.       Applicable Law

          The Agreement and all of the rights and obligations arising herefrom
shall be governed by and interpreted and applied in accordance with the laws of
the Province of Alberta. The Assignor does hereby irrevocably submit and attorn
to the non-exclusive jurisdiction of the courts of the Province of Alberta for
all matters arising out of or relating to this Agreement or any of the
transactions contemplated hereby.

17.       Severability

          In the event that any provision or any part of any provision hereof is
deemed to be invalid by reason of the operation of any law or by reason of the
interpretation placed thereon by a Court, this Agreement shall be construed as
not containing such provision or such part of such provision, and the invalidity
of such provision or such part shall not affect the validity of any other
provision or the remainder of such provisions hereof, and all provisions hereof
which are otherwise lawful and valid shall remain in full force and effect.

<PAGE>   7
                                       7

18.       Section Headings

          The section headings in this Agreement are for convenience only and
shall be without any substantive meaning whatsoever.

19.       Notice

     (a)  Each notice, request or other communication to the Lender required or
          permitted hereunder shall be in writing, and shall be given by actual
          delivery or by facsimile to the Lender at:

               CANADIAN IMPERIAL BANK OF COMMERCE
               Knowledge Based Business
               10th Floor, 855 - 2nd Street S.W.
               Calgary, AB  T2P 2P2

               Attention: Director

               Facsimile Number: (403) 221-5333

          The Lender may by written notice to the Pledgor change its address or
          facsimile number for purposes hereof.

     (b)  Each notice, request or other communications to the Pledgor required
          or permitted hereunder shall be in writing, and shall be given by
          actual delivery or by facsimile to the Pledgor at the following
          address:

               FUTURELINK CORP.
               6 Morgan
               Irvine, CA 92618

               Attention: Chief Financial Officer

               Facsimile: (949) 837-8387

          The Pledgor may by written notice to the Lender change its address or
          facsimile number for purposes hereof.

20.       Binding Effect

          This Agreement and all its provisions shall enure to the benefit of
the Lender and the Pledgor and their respective successors and assigns, and
shall be binding upon the Lender and the Pledgor and their respective
successors and assigns.

<PAGE>   8
                                       8

21.  Safekeeping

     The Lender shall be bound to exercise in the keeping of the Shares the
same degree of care as it would exercise with respect to its own securities.

22.  Interpretation

     When the context so requires, the singular will be read as the plural and
vice versa.

     IN WITNESS WHEREOF, the Pledgor and the Lender have executed and delivered
this Agreement by the hands of their proper signing officer duly authorized in
that behalf, as of the day and year first above written.

FUTURELINK CORP.                             CANADIAN IMPERIAL BANK OF
                                             COMMERCE

By: /s/ Raghu N. Kilambi                     By: /s/ Tim Gillespie
    --------------------                         -----------------
    Name: Raghu N. Kilambi                       Name: Tim Gillespie
    Title: Chief Financial Officer               Title: Director Commercial Bank

By: /s/ Kyle B. Scott
    -----------------
    Name: Kyle B. Scott
    Title: Secretary
<PAGE>   9
                                 Acknowledgement

                                                                     May 4, 2000

          Each of FutureLink Distribution Corp., FutureLink Pleasanton Corp.,
FutureLink Async Corp., FutureLink VSI Corp. and FutureLink Madison Corp.
acknowledges receipt of notice of the foregoing pledge and consents to it.

                      FUTURELINK DISTRIBUTION CORP.

                      By: /s/ Raghu N. Kilambi / /s/ Kyle B. Scott
                          _____________________________________________________
                          Name:  Raghu N. Kilambi / Kyle B. Scott
                          Title: Chief Financial Officer/Secretary

                      FUTURELINK PLEASANTON CORP.

                      By: /s/ Raghu N. Kilambi / /s/ Kyle B. Scott
                          _____________________________________________________
                          Name:  Raghu N. Kilambi / Kyle B. Scott
                          Title: Chief Financial Officer/Secretary

                      FUTURELINK ASYNC CORP.

                      By: /s/ Raghu N. Kilambi / /s/ Kyle B. Scott
                          _____________________________________________________
                          Name:  Raghu N. Kilambi / Kyle B. Scott
                          Title: Chief Financial Officer/Secretary

                      FUTURELINK VSI CORP.

                      By: /s/ Raghu N. Kilambi / /s/ Kyle B. Scott
                          _____________________________________________________
                          Name:  Raghu N. Kilambi / Kyle B. Scott
                          Title: Chief Financial Officer/Secretary

                      FUTURELINK MADISON CORP.

                      By: /s/ Raghu N. Kilambi / /s/ Kyle B. Scott
                          _____________________________________________________
                          Name:  Raghu N. Kilambi / Kyle B. Scott
                          Title: Chief Financial Officer/Secretary

                      FUTURELINK MICRO VISIONS CORP.

                      By: /s/ Raghu N. Kilambi / /s/ Kyle B. Scott
                          _____________________________________________________
                          Name:  Raghu N. Kilambi / Kyle B. Scott
                          Title: Chief Financial Officer/Secretary

<PAGE>   10

                                  SCHEDULE "A"

                                     SHARES

<TABLE>
<CAPTION>
     CORPORATION                       SHARES                    CERTIFICATE NO(S).
     -----------                       ------                    ------------------
<S>                                <C>                                   <C>
FutureLink Distribution Corp.      2,158,829 Class A                     A1
                                     Common Shares

FutureLink Pleasanton Corp.            500 shares                         2

FutureLink Asyne Corp.                 500 shares                         2

FutureLink VSI Corp.                   100 shares                         2

FutureLink Micro Vision Corp.          500 shares                         2
</TABLE>

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