<Page>

                                                                   Exhibit 10.65

                                                                  EXECUTION COPY

                    INTELLECTUAL PROPERTY SECURITY AGREEMENT

     This Intellectual Property Security Agreement (this "IP Agreement") is made
as of the 18TH DAY OF JUNE, 2004, by and between IBASIS, INC., a Delaware
corporation with its principal place of business at 20 Second Avenue,
Burlington, Massachusetts 01803 ("Grantor"), and THE BANK OF NEW YORK, a New
York banking corporation, as Collateral Agent for the Holders (as such term is
defined in the Indenture referred to below, with its principal place of business
at 101 Barclay Street, Floor 810, New York, New York 10286 ("Secured Party").

                                    RECITALS

     A.   Pursuant to that certain Indenture (as the same may be amended or
supplemented from time to time, the "Indenture"), dated June 18, 2004, by and
among the Grantor, the subsidiary guarantor named therein and The Bank of New
York, as Trustee (the "Trustee"), Grantor has issued its 8% Senior Subordinated
Convertible Notes due 2007 ("Notes") in an aggregate principal amount not to
exceed $29,000,000. The Notes are secured in part pursuant to the terms of the
Security Documents (as defined in the Indenture), and this IP Agreement is one
of the Security Documents.

     B.   In accordance with the terms of the Indenture, Grantor desires to
grant Secured Party a Lien (as defined in the Indenture) upon the Intellectual
Property Collateral (hereinafter defined).

     NOW, THEREFORE, for good and valuable consideration, receipt of which is
hereby acknowledged and intending to be legally bound, as collateral security
for the prompt and complete payment when due of the Indebtedness (as defined
below), Grantor hereby represents, warrants, covenants and agrees as follows:

1.   GRANT OF SECURITY INTEREST. As collateral security for the prompt and
     complete payment and performance of all of Grantor's present or future
     indebtedness, obligations and liabilities to the Holders, the Trustee and
     the Secured Party under the Notes and the Indenture (hereinafter, the
     "Indebtedness"), Grantor hereby grants to the Secured Party, for the
     benefit of the Holders, the Trustee and the Secured Party, a security
     interest in all of Grantor's right, title and interest in, to and under its
     registered and unregistered intellectual property collateral (all of which
     shall collectively be called the "Intellectual Property Collateral"),
     including, without limitation, the following:

     a.   Any and all copyright rights, copyright applications, copyright
          registrations and like protections in each work or authorship and
          derivative work thereof, whether published or unpublished, registered
          or unregistered, and whether or not the same also constitutes a trade
          secret, now or hereafter existing, created, acquired or held,
          including without limitation those set forth on EXHIBIT A attached
          hereto (collectively, the "Copyrights");

     b.   Any and all trade secret rights, including any rights to unpatented
          inventions, know-how, operating manuals, license rights and
          agreements, and confidential information, and any and all intellectual
          property rights in computer software and computer software products
          now or hereafter existing, created, acquired or held;

<Page>

     c.   Any and all design rights which may be available to Grantor now or
          hereafter existing, created, acquired or held;

     d.   All patents, patent applications and like protections including,
          without limitation, improvements, divisions, continuations, renewals,
          reissues, extensions and continuations-in-part of the same, including
          without limitation the patents and patent applications set forth on
          EXHIBIT B attached hereto (collectively, the "Patents");

     e.   Any trademark and service mark rights, slogans, trade dress, and
          tradenames, trade styles, whether registered or not, applications to
          register and registrations of the same and like protections, and the
          entire goodwill of the business of Grantor connected with and
          symbolized by such trademarks, including without limitation those set
          forth on EXHIBIT C attached hereto (collectively, the "Trademarks");

     f.   All mask works or similar rights available for the protection of
          semiconductor chips, now owned or hereafter acquired, including,
          without limitation those set forth on EXHIBIT D attached hereto
          (collectively, the "Mask Works");

     g.   Any and all claims for damages by way of past, present and future
          infringements of any of the rights included above, with the right, but
          not the obligation, to sue for and collect such damages for said use
          or infringement of the intellectual property rights identified above;

     h.   All licenses or other rights to use any of the Copyrights, Patents,
          Trademarks, or Mask Works and all license fees and royalties arising
          from such use to the extent permitted by such license or rights,
          including, without limitation those set forth on EXHIBIT E attached
          hereto; and

     i.   All amendments, extensions, renewals and extensions of any of the
          Copyrights, Trademarks, Patents, or Mask Works; and

     j.   All proceeds and products of the foregoing, including without
          limitation all payments under insurance or any indemnity or warranty
          payable in respect of any of the foregoing.

2.   AUTHORIZATION AND REQUEST. Grantor authorizes and requests that the
     Register of Copyrights and the Commissioner of Patents and Trademarks
     record this IP Agreement, or a copy thereof.

3.   COVENANTS AND WARRANTIES. Grantor represents, warrants, covenants and
     agrees as follows:

     a.   Grantor is now the sole owner of the Intellectual Property Collateral,
          except for non-exclusive licenses granted by Grantor to its customers
          in the ordinary course of business.

                                        2
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     b.   Performance of this IP Agreement does not conflict with or result in a
          breach of any material agreement to which Grantor is bound.

     c.   During the term of this IP Agreement, except as otherwise permitted by
          the Indenture, Grantor will not transfer or otherwise encumber any
          interest in the Intellectual Property Collateral, except for
          non-exclusive licenses granted by Grantor in the ordinary course of
          business or as set forth in this IP Agreement;

     d.   To its knowledge, each of the Patents is valid and enforceable, and no
          part of the Intellectual Property Collateral has been judged invalid
          or unenforceable, in whole or in part, and no claim has been made that
          any part of the Intellectual Property Collateral violates the rights
          of any third party;

     e.   Grantor shall promptly advise Secured Party of any material adverse
          change in the composition of the Collateral, including but not limited
          to any subsequent ownership right of the Grantor in or to any
          Trademark, Patent, Copyright, or Mask Work specified in this IP
          Agreement;

     f.   Grantor shall (a) protect, defend and maintain the validity and
          enforceability of the Trademarks, Patents, Copyrights, and Mask Works,
          (b) use its best efforts to detect infringements of the Trademarks,
          Patents, Copyrights, and Mask Works and promptly advise Secured Party
          in writing of material infringements detected and (c) not allow any
          Trademarks, Patents, Copyrights, or Mask Works to be abandoned,
          forfeited or dedicated to the public without the written consent of
          Secured Party, which shall not be unreasonably withheld, unless
          Grantor determines that reasonable business practices suggest that
          abandonment is appropriate.

     g.   Grantor shall take such further actions as Secured Party may
          reasonably request from time to time to perfect or continue the
          perfection of Secured Party's interest in the Intellectual Property
          Collateral;

     h.   This IP Agreement creates, and in the case of after acquired
          Intellectual Property Collateral, this IP Agreement will create at the
          time Grantor first has rights in such after acquired Intellectual
          Property Collateral, in favor of Secured Party for the benefit of the
          Holders, the Trustees and the Secured Party a valid and perfected
          second priority security interest and collateral assignment in the
          Intellectual Property Collateral in the United States securing the
          payment and performance of the obligations evidenced by the Indenture;

     i.   To its knowledge, except for, and upon, the filing of UCC financing
          statements, or other notice filings or notations in appropriate filing
          offices, if necessary to perfect the security interests created
          hereunder, no authorization, approval or other action by, and no
          notice to or filing with, any U.S. governmental authority or U.S.
          regulatory body is required either (a) for the grant by Grantor of the
          security interest granted hereby, or for the execution, delivery or
          performance of

                                        3
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          this IP Agreement by Grantor in the U.S. or (b) for the perfection in
          the United States or the exercise by Secured Party of its rights and
          remedies thereunder;

     j.   All information heretofore, herein or hereafter supplied to Secured
          Party by or on behalf of Grantor with respect to the Intellectual
          Property Collateral is accurate and complete in all material respects.

     k.   Except as otherwise permitted by the Indenture, Grantor shall not
          enter into any agreement that would materially impair or conflict with
          Grantor's obligations hereunder without Secured Party's prior written
          consent, which consent shall not be unreasonably withheld. Grantor
          shall not permit the inclusion in any material contract to which it
          becomes a party of any provisions that could or might in any way
          prevent the creation of a security interest in Grantor's rights and
          interest in any property included within the definition of the
          Intellectual Property Collateral acquired under such contracts.

     l.   Upon any executive officer of Grantor obtaining actual knowledge
          thereof, Grantor will promptly notify Secured Party in writing of any
          event that materially adversely affects the value of any material
          Intellectual Property Collateral, the ability of Grantor to dispose of
          any material Intellectual Property Collateral of the rights and
          remedies of Secured Party in relation thereto, including the levy of
          any legal process against any of the Intellectual Property Collateral.

4.   SECURED PARTY'S RIGHTS. Secured Party shall have the right, but not the
     obligation, to take, at Grantor's sole expense, any actions that Grantor is
     required under this IP Agreement to take but which Grantor fails to take,
     after forty-five (45) days' notice to Grantor. Grantor shall reimburse and
     indemnify Secured Party for all reasonable costs and reasonable expenses
     incurred in the reasonable exercise of its rights under this section 4.

5.   INSPECTION RIGHTS. Grantor hereby grants to Secured Party and its
     employees, representatives and agents the right to visit, during reasonable
     hours upon prior reasonable written notice to Grantor, any of Grantor's
     plants and facilities that manufacture, install or store products (or that
     have done so during the prior six-month period) that are sold utilizing any
     of the Intellectual Property Collateral, and to inspect the products and
     quality control records relating thereto upon reasonable written notice to
     Grantor and as often as may be reasonably requested, but not more than once
     in every six (6) months; provided, however, nothing herein shall entitle
     Secured Party access to Grantor's trade secrets and other proprietary
     information.

6.   FURTHER ASSURANCES; ATTORNEY IN FACT.

     a.   On a continuing basis, Grantor will, upon request by Secured Party,
          subject to any prior licenses, encumbrances and restrictions and
          prospective licenses, make, execute, acknowledge and deliver, and file
          and record in the proper filing and recording places in the United
          States, all such instruments, including appropriate financing and
          continuation statements and collateral agreements and filings with the
          United States Patent and Trademarks Office and the Register of
          Copyrights,

                                        4
<Page>

          and take all such action as may reasonably be deemed necessary or
          advisable, or as requested by Secured Party, to perfect Secured
          Party's security interest in all Copyrights, Patents, Trademarks, and
          Mask Works and otherwise to carry out the intent and purposes of this
          IP Agreement, or for assuring and confirming to Secured Party the
          grant or perfection of a security interest in all Intellectual
          Property Collateral.

     b.   In addition to section 6(a) above, Grantor shall not register any of
          its Copyrights or Mask Works with the Register of Copyrights without
          first executing and simultaneously registering an IP Agreement, in the
          identical form of this IP Agreement, with the Register of Copyrights,
          listing such Copyrights(s) on Exhibit A thereto and/or such Mask Works
          on Exhibit D in order to protect and perfect Secured Party's security
          interest in such Copyrights or Mask Works. Promptly after such
          registration, Grantor shall forward to the Secured Party, at the
          address listed above, a copy of, and the original IP Agreement as
          filed with the Register of Copyrights.

     c.   Grantor hereby irrevocably appoints Secured Party as Grantor's
          attorney-in-fact, with full authority in the place and stead of
          Grantor and in the name of Grantor, Secured Party or otherwise, from
          time to time in Secured Party's discretion, upon Grantor's failure or
          inability to do so, to take any action and to execute any instrument
          which Secured Party may deem necessary or advisable to accomplish the
          purposes of this IP Agreement, including:

          i.      To modify, in its sole discretion, this IP Agreement without
                  first obtaining Grantor's approval of or signature to such
                  modification by amending Exhibit A, Exhibit B, Exhibit C, and
                  Exhibit D hereof, as appropriate, to include reference to any
                  right, title or interest in any Copyrights, Patents,
                  Trademarks or Mask Works acquired by Grantor after the
                  execution hereof or to delete any reference to any right,
                  title or interest in any Copyrights, Patents, Trademarks, or
                  Mask Works in which Grantor no longer has or claims any right,
                  title or interest; and

          ii.     To file, in its sole discretion, one or more financing or
                  continuation statements and amendments thereto, relative to
                  any of the Intellectual Property Collateral without the
                  signature of Grantor where permitted by law.

          iii.    Grantor hereby authorizes Secured Party to file financing
                  statements without notice to Grantor with all appropriate
                  jurisdictions, as Secured Party deems appropriate, in order to
                  further perfect or protect Secured Party's interest in the
                  Intellectual Property Collateral.

7.   EVENTS OF DEFAULT. The occurrence of any of the following shall constitute
     an Event of Default under this IP Agreement:

     a.   An Event of Default occurs under the Indenture; or

                                        5
<Page>

     b.   Grantor breaches any material warranty or agreement made by Grantor in
          this IP Agreement.

8.   REMEDIES. Subject to the Intercreditor Agreement and the subordination
     provisions contained in Section 4 of the Indenture, upon the occurrence and
     continuance of an Event of Default, Secured Party shall have the right to
     exercise all the remedies of a secured party under the New York Uniform
     Commercial Code, including without limitation the right to require Grantor
     to assemble the Intellectual Property Collateral and any tangible property
     in which Secured Party has a security interest and to make it available to
     Secured Party at a place designated by Secured Party. Secured Party shall
     have a nonexclusive, royalty free license to use the Copyrights, Patents,
     Trademarks, and Mask Works to the extent reasonably necessary to permit
     Secured Party to exercise its rights and remedies upon the occurrence of an
     Event of Default. Grantor will pay any expenses (including reasonable
     attorney's fees) incurred by Secured Party in connection with the exercise
     of any of Secured Party's rights hereunder, including without limitation
     any expense incurred in disposing of the Intellectual Property Collateral.
     All of Secured Party's rights and remedies with respect to the Intellectual
     Property Collateral shall be cumulative.

9.   INDEMNITY. Grantor agrees to defend, indemnify and hold harmless Secured
     Party and its officers, employees, and agents against: (a) all obligations,
     demands, claims, and liabilities claimed or asserted by any other party in
     connection with the transactions contemplated by this IP Agreement, and (b)
     all losses or expenses in any way suffered, incurred, or paid by Secured
     Party as a result of or in any way arising out of, following or
     consequential to transactions between Secured Party and Grantor, whether
     under this IP Agreement or otherwise (including without limitation,
     reasonable attorneys fees and reasonable expenses), except for losses
     arising from or out of Secured Party's gross negligence or willful
     misconduct.

10.  TERMINATION. At such time as all amounts owed under the Indenture, all
     principal and interest under the Notes and all amounts under the Security
     Documents have been indefeasibly paid in full, at Grantor's request and
     sole expense, Secured Party shall execute and deliver to Grantor all
     releases, terminations, and other instruments as may be necessary or proper
     to release the security interest hereunder.

11.  COURSE OF DEALING. No course of dealing, nor any failure to exercise, nor
     any delay in exercising any right, power or privilege hereunder shall
     operate as a waiver thereof.

12.  AMENDMENTS. This IP Agreement may be amended only by a written instrument
     signed by both parties hereto.

13.  COUNTERPARTS. This IP Agreement may be executed in two or more
     counterparts, each of which shall be deemed an original but all of which
     together shall constitute the same instrument.

14.  LAW AND JURISDICTION. This IP Agreement shall be governed by and construed
     in accordance with the laws of the State of New York. GRANTOR ACCEPTS FOR

                                        6
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     ITSELF AND IN CONNECTION WITH ITS PROPERTIES, UNCONDITIONALLY, THE
     NON-EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT OF COMPETENT
     JURISDICTION IN THE STATE OF NEW YORK IN ANY ACTION, SUIT, OR PROCEEDING OF
     ANY KIND, AGAINST IT WHICH ARISES OUT OF OR BY REASON OF THIS AGREEMENT;
     PROVIDED, HOWEVER, THAT IF FOR ANY REASON SECURED PARTY CANNOT AVAIL ITSELF
     OF THE COURTS OF THE STATE OF NEW YORK, GRANTOR ACCEPTS JURISDICTION OF THE
     COURTS AND VENUE IN NEW YORK COUNTY, NEW YORK. NOTWITHSTANDING THE
     FOREGOING, THE SECURED PARTY SHALL HAVE THE RIGHT TO BRING ANY ACTION OR
     PROCEEDING AGAINST THE GRANTOR OR ITS PROPERTY IN THE COURTS OF ANY OTHER
     JURISDICTION WHICH THE SECURED PARTY DEEMS NECESSARY OR APPROPRIATE IN
     ORDER TO REALIZE ON THE COLLATERAL OR TO OTHERWISE ENFORCE THE SECURED
     PARTY'S RIGHTS AGAINST THE GRANTOR OR ITS PROPERTY. GRANTOR AND SECURED
     PARTY EACH HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY
     CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS IP AGREEMENT AND
     ANY OF THE SECURITY DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED
     THEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND
     ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY RECOGNIZES AND AGREES
     THAT THE FOREGOING WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR IT TO ENTER
     INTO THIS AGREEMENT. EACH PARTY REPRESENTS AND WARRANTS THAT IT HAS
     REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND
     VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL
     COUNSEL.

15.  CONFIDENTIALITY. In handling any confidential information, Secured Party
     shall exercise the same degree of care that it exercises for its own
     proprietary information, but disclosure of information may be made: (a) to
     Secured Party's subsidiaries or affiliates in connection with their present
     or prospective business relations with Grantor; (b) to prospective
     transferees or purchasers of any interest in the Indebtedness; (c) as
     required by law, regulation, subpoena, or other order, (d) as required in
     connection with Secured Party's examination or audit; and (e) as Secured
     Party considers appropriate in exercising remedies under this IP Agreement.
     Confidential information does not include information that either: (i) is
     in the public domain or in Secured Party's possession when disclosed to
     Secured Party, or becomes part of the public domain after disclosure to
     Secured Party; or (ii) is disclosed to Secured Party by a third party, if
     Secured Party reasonably does not know that the third party is prohibited
     from disclosing the information.

16.  INDENTURE CONTROLLING. In the event and to the extent of any inconsistency
     or conflict between the provisions of this IP Agreement and those contained
     in the Indenture, the provisions of the Indenture shall control.

                                        7
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     EXECUTED as a sealed instrument under the laws of the State of New York on
the day and year first written above.

                                     GRANTOR:
                                     iBASIS, INC.
                                     By: /s/ Gordon J. Vanderbrug
                                         ---------------------------------------
                                     Name: Gordon J. Vanderbrug
                                           -------------------------------------
                                     Title: Executive Vice President
                                            ------------------------------------

                                        8
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                                     ("Secured Party")
                                     THE BANK OF NEW YORK
                                     By: /s/ Geovanni Barris
                                         ---------------------------------------
                                     Name: Geovanni Barris
                                           -------------------------------------
                                     Title: Vice President
                                            ------------------------------------

                                        9
<Page>

                                                                       EXHIBIT A

            COPYRIGHTS, PATENTS, TRADEMARKS, MASK WORKS, AND LICENSES

                                   COPYRIGHTS

                                ISSUED COPYRIGHTS

<Table>
<Caption>
             COPYRIGHT             REGISTRATION                DATE OF
            DESCRIPTION              NUMBER                   ISSUANCE
            -----------            ------------               --------
            <S>                       <C>                     <C>
                                      NONE
</Table>


                         PENDING COPYRIGHT APPLICATIONS

<Table>
<Caption>
                                                                  FIRST DATE OF
 COPYRIGHT        APPLICATION       DATE OF       DATE OF            PUBLIC
DESCRIPTION         NUMBER          FILING        CREATION        DISTRIBUTION
-----------       -----------       -------       --------        -------------
<S>               <C>                <C>          <C>             <C>
                                     NONE
</Table>


       UNREGISTERED COPYRIGHTS (Where No Copyright Application is Pending)

<Table>
<Caption>
                                                        DATE AND
                                                      RECORDATION
                                                      NUMBER OF IP
                                                     AGREEMENT WITH
                                                   OWNER OR ORIGINAL
                                                       GRANTOR IF          ORIGINAL AUTHOR
                                                     AUTHOR OR OWNER         OR OWNER OF
                                                      OF COPYRIGHT          COPYRIGHT IS
 COPYRIGHT       DATE OF        FIRST DATE OF         IS DIFFERENT         DIFFERENT FROM
DESCRIPTION      CREATION       DISTRIBUTION          FROM GRANTOR             GRANTOR
-----------      --------       -------------      -----------------       ---------------
<S>              <C>            <C>                <C>                     <C>

</Table>


The Grantor has created a variety of custom designed software to enable its
Internet-based communications services.

<Page>

                                   EXHIBIT "B"

                                     PATENTS

<Table>
<Caption>
              PATENT
            DESCRIPTION                 DOCKET NO.         COUNTRY        SERIAL NO.       FILING DATE        STATUS
            -----------                 ----------         -------        ----------       -----------        ------
<S>                                     <C>                  <C>          <C>              <C>                <C>
METHOD FOR DETERMINING BEST PATH                             USA          10/094,671        Mar. 7, 2001      Pending

SYSTEM AND METHOD FOR                                        USA          60/331,479       Nov. 16, 2001      Pending
NEXT-GENERATION VOICE OVER
INTERNET PROTOCOL (VoIP) AND
FACSIMILE OVER INTERNET PROTOCOL
(FoIP) NETWORK

SYSTEM AND METHOD FOR PROVIDING                              USA          60/337,971        May 7, 2002       Pending
CONFERENCE CALLING OVER AN IP
NETWORK

SYSTEM AND METHOD FOR                                        USA          10/298,208       Nov. 18, 2002      Pending
NEXT-GENERATION VOICE OVER
INTERNET PROTOCOL (VoIP) AND
FACSIMILE OVER INTERNET PROTOCOL
(FoIP) CALLING OVER THE INTERNET

SYSTEM AND METHOD FOR PROVIDING                              USA          10/430,678        May 7, 2003       Pending
CONFERENCE CALLING OVER AN IP
NETWORK

SYSTEM AND METHOD FOR                                        USA          10/464,678       Aug. 25, 2003      Pending
NEXT-GENERATION VOICE OVER
INTERNET PROTOCOL (VoIP) AND
FACSIMILE OVER INTERNET PROTOCOL
(FoIP) CALLING OVER THE INTERNET
</Table>

<Page>

                                   EXHIBIT "C"

                                   TRADEMARKS

<Table>
<Caption>
      TRADEMARK
     DESCRIPTION              COUNTRY                  SERIAL NO.                   REG. NO.                STATUS
     -----------              -------                  ----------                   --------                ------
<S>                           <C>                      <C>                          <C>                 <C>
Assured Quality Routing       USA                      75/659431                    2,336,896           Registered
ConnectPoint                  USA                      76/316841                    2,633,272           Registered
iBasis                        USA                      75/731829                    2,494,853           Registered
iBasis (design)               USA                      75/731611                    2,446,999           Registered
iBasis                        European                 001924638                    001924538           Registered
                              Community
VIP Calling                   USA                      75/214395                    2,244,931           Registered
Mero Mejicano                 USA                      78/325857                                        Pending/Intent
                                                                                                        to  Use - filed
                                                                                                        11/11/03
Schmooze                      USA                      78/370728                                        Pending/Intent
                                                                                                        to  Use - filed
                                                                                                        2/20/04
ILDS                          USA                      78/383413                                        Pending/Intent
                                                                                                        to  Use - filed
                                                                                                        3/12/04
DirectVoIP                    USA                      78/394677                                        Pending/Intent
                                                                                                        to  Use - filed
                                                                                                        4/1/04
Rajdani                       USA                      78/399214                                        Pending/Intent
                                                                                                        to  Use - filed
                                                                                                        4/9/04
VozPort                       USA                      78/419434                                        Pending/Intent
                                                                                                        to  Use - filed
                                                                                                        5/10/04
Margin NOC                    USA                      78/419427                                        Pending/Intent
                                                                                                        to  Use - filed
                                                                                                        5/10/04
Pingo                         USA                      78/427695                                        Pending/Intent
                                                                                                        to  Use - filed
                                                                                                        6/1/04
Pingo (design)                USA                      78/434241                                        Pending/Intent
                                                                                                        to  Use - filed
                                                                                                        6/12/04
Pin-Go                        USA                      78/427705                                        Pending/Intent
                                                                                                        to  Use - filed
                                                                                                        6/1/04
</Table>

INTERNET CENTRAL OFFICE*
INTERNET BRANCH OFFICE*
CONNECTPOINT GLOBAL ACCESS*
IP CALLCARD*
        *NOT FILED

<Page>

                                   EXHIBIT "D"

                                   MASK WORKS

<Table>
<Caption>
 MASK WORK
DESCRIPTION            COUNTRY            SERIAL NO.              REG. NO.             STATUS
-----------            -------            ----------              --------             ------
<S>                    <C>                  <C>                   <C>                  <C>
                                            NONE
</Table>

<Page>

                                   EXHIBIT "E"

                                    LICENSES

The Grantor has granted licenses in the ordinary course of business for
occasional use of the Grantor's name, logo, trademarks and/or servicemarks to
certain marketing partners pursuant to joint marketing and/or other agreements,
provided, such use is previously approved by the Grantor.