CYBERNET INTERNET SERVICES INTERNATIONAL INC
EXHIBIT 10.43
<DOCUMENT>
<TYPE>EX-10.43
<SEQUENCE>8
<FILENAME>a2110497zex-10_43.txt
<DESCRIPTION>EXHIBIT 10.43
<TEXT>
<PAGE>

                                                                  Exhibit 10.43

                     ACKNOWLEDGEMENT AND AMENDING AGREEMENT

     WHEREAS MFC Bancorp Ltd. (together with its affiliate MFC Merchant Bank
S.A. "MFC") agreed to act as exclusive financial advisor to Cybernet Internet
Services International, Inc. (together with its subsidiaries and affiliates, the
"COMPANY") pursuant to and in accordance with the terms and conditions of a
letter agreement dated April 19, 2002 as amended from time to time (collectively
the "AGREEMENT");

     AND WHEREAS, pursuant to the provisions of the Agreement, MFC, among other
things, made available to the Company as required the services of the Review
Personnel for a period of up to 180 days (the "Initial Period");

     AND WHEREAS, pursuant to the provisions of the Agreement, the Company
agreed to pay to MFC, among other things, the Monthly Advisory Fee in advance
during the Initial Period;

     AND WHEREAS the Company desires that MFC continue to provide the services
of the Review Personnel upon the expiry of the Initial Period upon the terms
herein.

     NOW THEREFORE IN CONSIDERATION of the premises, the extension of the
Initial Period and other good and valuable consideration (the receipt and
sufficiency of which are hereby acknowledged), the parties hereto hereby
covenant and agree as follows:

1.   Capitalized terms used and not otherwise defined herein shall have the
     meanings assigned to such terms in the Agreement.

2.   The Company hereby requests and MFC hereby agrees to make available to the
     Company as required the services of the Review Personnel, such services to
     be provided on a month-to-month basis during the 180-day period (the
     "Extended Term") beginning immediately following the Initial Term.

3.   In consideration of MFC making the Review Personnel available to the
     Company, the Company hereby agrees to pay to MFC in advance the Monthly
     Advisory Fee during each month of the Extended Term, provided that such fee
     shall be pro-rated for any partial months.

4.   Except as expressly amended hereby, the Agreement, including without
     limitation the Indemnification Agreement attached thereto, shall be valid
     and continue in full force and effect and be binding upon the parties. The
     Agreement and this Amending Agreement shall be read and construed together
     as one and the same agreement.

5.   The validity, interpretation and enforcement of this Amending Agreement
     shall be exclusively governed by and enforced in accordance with the laws
     of the Province of British Columbia and the federal laws of Canada
     applicable therein.
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                                     - 2 -


6.   This Amending Agreement and the Agreement constitute the entire agreement
     between the parties hereto with respect to the subject matter hereof and
     shall enure to the benefit of and be binding upon the parties hereto and
     their respective successors and assigns.

7.   This Amending Agreement may be executed in one or more counterparts by
     facsimile transmission, each of which shall be deemed to be an original and
     all of which, when taken together, shall constitute one and the same
     agreement.

     IN WITNESS WHEREOF, the parties hereto have caused this Amending Agreement
to be effected, executed, accepted and delivered by their proper and duly
authorized signing officers with effect as of October 15, 2002.

MFC BANCORP LTD.                            CYBERNET INTERNET SERVICES
                                            INTERNATIONAL, INC.

Per: ______________________________         Per: ______________________________
           Authorized Signatory                      Authorized Signatory

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</DOCUMENT>
