Document:

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                                                                     EXHIBIT 4.5

                            SAGENT TECHNOLOGY, INC.

                          REGISTRATION RIGHTS AGREEMENT

        This Registration Rights Agreement (this "Agreement") is made as of
19 January, 2001, by and between Sagent Technology, Inc., a Delaware
corporation with offices at 800 W. El Camino Real, Suite 300, Mountain View,
California 94040 (the "Company"), and eGlobal Technology Services Holdings
Limited, a Cayman incorporated company with registered address at P.O. Box
265GT, Walker House, Grand Cayman, Cayman Islands ("eGlobal").

                                    SECTION 1

                 RESTRICTIONS ON TRANSFERABILITY OF SECURITIES;
               COMPLIANCE WITH SECURITIES ACT; REGISTRATION RIGHTS

        1.1 CERTAIN DEFINITIONS. As used in this Agreement, the following terms
shall have the following respective meanings:

        "Closing Date" shall mean 19 January, 2001.

        "Commission" shall mean the Securities and Exchange Commission or any
other federal agency at the time administering the Securities Act.

        "Common Stock" shall mean the Company's Common Stock, $0.001 par value
per share.

        "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended, or any similar federal statute and the rules and regulations of the
Commission thereunder, all as the same shall be in effect at the time.

        "Holder" shall mean (i) eGlobal and (ii) any Person holding Registrable
Securities to whom the rights under this Section 1 have been transferred, in
whole or in part, in accordance with Section 1.13 hereof.

        "Person" shall mean a natural person, corporation, partnership, limited
liability company, trust or any other entity, other than a governmental entity,
recognized by statute in its jurisdiction of formation as having legal
existence.

        "Purchase Agreement" shall mean the Stock Purchase Agreement, dated as
of 19 January, 2001, by and between the Company and eGlobal.

        "Registrable Securities" shall mean the shares of Common Stock held by
the Holders; provided, however, that Registrable Securities shall not include
such securities that have been (a) sold to or through a broker or dealer or
underwriter in a public distribution or a public securities

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transaction, or (b) sold or are, in the opinion of counsel for the Company,
available for sale in a single transaction exempt from the registration and
prospectus delivery requirements of the Securities Act so that all transfer
restrictions and restrictive legends with respect thereto are removed prior to
the consummation of such sale.

        The terms "register," "registered" and "registration" refer to a
registration effected by preparing and filing a registration statement with the
Commission in compliance with the Securities Act, and the declaration or
ordering of the effectiveness of such registration statement.

        "Registration Expenses" shall mean all expenses, except as otherwise
stated below, incurred by the Company in complying with Section 1.5 hereof,
including, without limitation, all registration, qualification and filing fees,
printing expenses, escrow fees, fees and disbursements of counsel for the
Company, blue sky fees and expenses, the expense of any special audits incident
to or required by any such registration (but excluding the compensation of
regular employees of the Company which shall be paid in any event by the
Company) and the reasonable fees and disbursements of one counsel for all
Holders up to $10,000 included in any registration statement hereunder.

        "Restricted Securities" shall mean the securities of the Company
required to bear the legend set forth in Section 1.3 hereof.

        "Securities Act" shall mean the Securities Act of 1933, as amended, or
any similar federal statute and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.

        "Selling Expenses" shall mean all underwriting discounts, selling
commissions and stock transfer taxes applicable to the securities registered by
the Holders and, except as set forth above, all reasonable fees and
disbursements of counsel for any Holders.

        "Shares" shall mean the shares of Common Stock issued to the Purchaser
pursuant to the Purchase Agreement and any other securities issued in respect of
such securities upon any stock split, stock dividend, recapitalization, merger,
consolidation or similar event.

        1.2 RESTRICTIONS ON TRANSFERABILITY. The Shares shall not be sold,
assigned, transferred or pledged prior to the effective date of a registration
statement under the Securities Act covering the sale of such shares except upon
the conditions specified in this Section 1. Each Holder will cause any proposed
purchaser, assignee, transferee, or pledgee of any such shares held by such
Holder to agree to take and hold such securities subject to the provisions and
upon the conditions specified in this Section 1.

        1.3 RESTRICTIVE LEGEND. Each certificate representing the Shares and any
other securities issued in respect thereof upon any stock split, stock dividend,
recapitalization, merger, consolidation or similar event, shall (unless
otherwise permitted by the provisions of Section 1.4 below) be stamped or
otherwise imprinted with a legend in the following form (in addition to any
legend required under applicable state securities laws):

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               THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR
               INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
               OF 1933. SUCH SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE
               ABSENCE OF SUCH REGISTRATION UNLESS SUCH SALE OR TRANSFER IS
               EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS
               OF SAID ACT.

               Each Holder consents to the Company making a notation on its
records and giving instructions to any transfer agent of the Common Stock in
order to implement the restrictions on transfer established in this Section 1.

        1.4 RESTRICTIONS ON TRANSFER; NOTICE OF PROPOSED TRANSFERS. The holder
of each certificate representing Restricted Securities by acceptance thereof
agrees to comply in all respects with the provisions of this Section 1.4. Unless
there is in effect a registration statement under the Securities Act covering
the proposed sale, assignment, transfer or pledge of any Restricted Securities,
prior to any such transfer (other than (i) a transfer not involving a change in
beneficial ownership, (ii) any transfer by any Holder to (A) any individual or
entity controlled by, controlling, or under common control with, such Holder or
(B) any entity with respect to which such Holder (or any Person controlled by,
controlling, or under common control with, such Holder) has the power to direct
investment decisions, or (iii) in transactions in compliance with Rule 144), the
holder thereof shall give written notice to the Company of such holder's
intention to effect such transfer, sale, assignment or pledge. Each such notice
shall describe the manner and circumstances of the proposed transfer, sale,
assignment or pledge in sufficient detail, and shall be accompanied, at such
holder's expense by either (i) a written opinion of legal counsel who shall be,
and whose legal opinion shall be, reasonably satisfactory to the Company
addressed to the Company, to the effect that the proposed transfer of the
Restricted Securities may be effected without registration under the Securities
Act, or (ii) a "no action" letter from the Commission to the effect that the
transfer of such securities without registration will not result in a
recommendation by the staff of the Commission that action be taken with respect
thereto, whereupon the holder of such Restricted Securities shall be entitled to
transfer such Restricted Securities in accordance with the terms of the notice
delivered by the holder to the Company. Each certificate evidencing the
Restricted Securities transferred as above provided shall bear, except if such
transfer is made pursuant to Rule 144, the appropriate restrictive legend set
forth in Section 1.3 above, except that such certificate shall not bear such
restrictive legend if in the opinion of counsel for such holder and the Company
such legend is not required in order to establish compliance with any provision
of the Securities Act. Notwithstanding the foregoing, so long as an executive
officer or director of the holder serves as an executive officer or director of
the Company, such holder agrees to not sell or transfer the Registrable
Securities during periods outside of the trading windows applicable to the
officers of the Company as set forth in the Company's Insider Trading Program
adopted by the Company's Board of Directors.

        1.5 REGISTRATION.

               (a) If at any time or from time to time, the Company shall
determine to register any of its securities, either for its own account or the
account of a security holder or holders exercising their respective demand
registration rights, other than (i) a registration on Form S-8 (or a

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similar or successor form) relating solely to employee stock option, stock
purchase or other benefit plans, or (ii) a registration on Form S-4 (or similar
or successor form) relating solely to a Commission Rule 145 transaction, the
Company will:

                      (i) promptly give to each Holder written notice thereof;
and

                      (ii) include in such registration, any related
qualification or other compliance, and in any underwriting involved therein, all
the Registrable Securities specified in a written request or requests of such
Holder, made within twenty (20) days after mailing of written notice of such
Company Registration by the Company by first-class mail, postage prepaid to any
Holder or Holders.

               (b) The Company shall prepare and file with the Commission a
registration statement (the "Registration Statement") on Form S-3 covering the
resale of the Registrable Securities by the Holders on or prior to the earlier
of (a) 30 days after the Closing Date, or (b) the filing of another Registration
Statement on Form S-3 by the Company that is filed not sooner than 15 days after
the Closing Date (the "Required Filing Date") and shall maintain the
effectiveness of such registration statement during the period set forth in
Section 1.8 but subject to the suspensions of registration in accordance with
Section 1.9. The Company shall use its commercially reasonable efforts to cause
the Registration Statement to be declared effective no later than 120 days after
the Closing Date (the "Required Effective Date"); provided, however, that if the
Registration Statement is not declared effective by the Commission on or prior
to the Required Effective Date and the cause of the delay is related to
circumstances beyond the Company's control (such as the determination of the
Commission to conduct a full review of Registration Statement and/or the failure
of the Commission to review and act on the Registration Statement in a timely
manner) the Company may extend the Required Effective Date to a date which is
150 days after the Closing Date, in which case such 150th day after the Closing
Date shall become the Required Effective Date.

               (c) As long as eGlobal shall hold Registrable Securities in the
amount of 200,000 shares or more (adjusted to reflect subdivisions, stock
splits, stock dividends, combinations, consolidations, recapitalizations, and
the like), eGlobal shall have the right to demand, and the Company shall, as
expeditiously as possible, effect a registration on Form S-3 (or a similar or
successor form) of the Registrable Securities which the Company has been
requested to register in each request . Notwithstanding the foregoing, however,
such registration shall be subject to the following:

                      (i) The Company shall not be required to effect more than
two such registrations pursuant to this Section 1.5; and

                      (ii) The Company shall not be required to effect a
registration pursuant to this Section 1.5 within ninety (90) days of the
effective date of any Company registration.

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        1.6 LIQUIDITY DAMAGES.

               (a) In the event that the Registration Statement is filed after
the Required Filing Date but within 30 days thereafter or is declared effective
by the Commission after the Required Effective Date but within 30 days
thereafter (the number of days by which the Required Filing Date or Required
Effective Date is not met being a "Delay Period"), the Company shall pay to the
Holders a cash amount equal to (w) $0.01 per Share (as adjusted for stock
splits, stock dividends, recapitalizations and similar events), times (x) the
number of Shares held by the Holder, times (y) the number of days in the Delay
Period, divided by (z) 30.

               (b) In the event that the Delay Period is more than 30 days, the
Company shall pay to the Holders a cash amount equal to the amount set forth in
Section 1.6(a), plus a cash amount equal to (w) $0.04 per Share, times (x) the
number of Shares held by the Holder, times (y) the number of days after the
Delay Period in excess of 30 days, divided by (z) 30.

        1.7 EXPENSES OF REGISTRATION. All Registration Expenses incurred in
connection with the registration pursuant to Section 1.5 shall be borne by the
Company. Unless otherwise stated, all Selling Expenses relating to securities
registered on behalf of the Holders shall be borne by the Holders of such
securities pro rata on the basis of the number of shares so registered except
the legal fees and disbursements of any counsel for any Holder not required to
be paid by the Company which shall be borne by such Holder.

        1.8 REGISTRATION PROCEDURES. At its expense the Company will:

               (a) Prepare and file with the Commission the Registration
Statement and use its commercially reasonable efforts to cause such Registration
Statement to become effective as soon as possible after the filing thereof, and
keep the Registration Statement effective pursuant to Rule 415 at all times,
subject to Section 1.9, until such date as is the earlier of (i) the date on
which all Registrable Securities have been sold by each Holder, and (ii) the
date on which the Registration Rights terminate as set forth in Section 1.14;
and

               (b) Promptly furnish to the Holders participating in such
registration and to the underwriters of the securities being registered such
reasonable number of copies of the registration statement, preliminary
prospectus (and all required amendments and supplements to any thereof), final
prospectus and such other documents as such Holders or such underwriters may
reasonably request in order to facilitate the public offering of such
securities.

        1.9 SUSPENSION OF REGISTRATION. The Company shall promptly notify the
Holders of (i) the issuance by the Commission of a stop order suspending the
effectiveness of the Registration Statement, (ii) the happening of any event, of
which the Company has knowledge, as a result of which the prospectus included in
the Registration Statement, as then in effect, includes an untrue statement of a
material fact or omission to state a material fact required to be stated therein
or necessary to make the statements therein not misleading, and (iii) the
occurrence or existence of any pending corporate development that, in the
reasonable discretion of the Company, makes it appropriate to suspend the
availability of the Registration Statement to comply with Commission

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rules. In each case the Company shall use commercially reasonable efforts to
promptly prepare a supplement or amendment to the Registration Statement to
correct such untrue statement or omission, and deliver such number of copies of
such supplement or amendment to each Holder as such Holder may reasonably
request; provided that, the Company may delay to the extent permitted by law the
disclosure of material non-public information concerning the Company the
disclosure of which at the time is not, in the good faith opinion of the
Company, in the best interests of the Company.

        1.10 INDEMNIFICATION.

               (a) The Company will indemnify and hold harmless each Holder,
each of their respective officers and directors, trustees, members, employees
and partners, and each Person controlling such Holder within the meaning of
Section 15 of the Securities Act, with respect to which registration has been
effected pursuant to this Section 1, and each underwriter, if any, and each
Person who controls any underwriter within the meaning of Section 15 of the
Securities Act, against all expenses, claims, losses, damages or liabilities (or
actions in respect thereof), including any of the foregoing incurred in
settlement of any litigation, commenced or threatened, arising out of or based
on any untrue statement (or alleged untrue statement) of a material fact
contained in any registration statement, prospectus, offering circular or other
document, or any amendment or supplement thereto, incident to any such
registration, qualification or compliance, or based on any omission (or alleged
omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances in which
they were made, not misleading, or any violation by the Company of the
Securities Act, the Exchange Act, state securities law or any rule or regulation
promulgated under such laws applicable to the Company in connection with any the
registration, and within a reasonable period the Company will reimburse each
such Holder, each of their respective officers and directors, trustees, members,
employees and partners, and each Person controlling such Holder within the
meaning of Section 15 of the Securities Act, each such underwriter and each
Person who controls any such underwriter, for any legal and any other expenses
reasonably incurred in connection with investigating, preparing, defending or
paying any such claim, loss, damage, liability or action; provided that the
Company will not be liable in any such case to the extent that any such claim,
loss, damage, liability or expense arises out of or is based on any untrue
statement or omission or alleged untrue statement or omission, made in reliance
upon and in conformity with written information furnished to the Company by an
instrument duly executed by such Holder, controlling Person or underwriter and
stated to be specifically for use therein.

               (b) Each Holder will, if Registrable Securities held by such
Holder are included in the Registration Statement, indemnify the Company, each
of its directors and officers, each underwriter, if any, of the Company's
securities covered by the Registration Statement, each Person who controls the
Company or such underwriter within the meaning of Section 15 of the Securities
Act, each other such Holder and each of their respective officers and directors,
trustees, members, employees and partners, and each Person controlling such
Holder within the meaning of Section 15 of the Securities Act, against all
claims, losses, damages and liabilities (or actions in respect thereof) arising
out of or based on any untrue statement (or alleged untrue statement) of a
material fact contained in the Registration Statement, prospectus, offering
circular or other

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document, or any omission (or alleged omission) to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, and within a reasonable period will reimburse the Company, such
Holders, each of their respective officers and directors, trustees, members,
employees and partners, and each Person controlling such Holder within the
meaning of Section 15 of the Securities Act, for any legal or any other expenses
reasonably incurred in connection with investigating or defending any such
claim, loss, damage, liability or action, in each case to the extent, but only
to the extent, that such untrue statement (or alleged untrue statement) or
omission (or alleged omission) is made in the Registration Statement,
prospectus, offering circular or other document in reliance upon and in
conformity with written information furnished to the Company by an instrument
duly executed by such Holder and stated to be specifically for use therein.
Notwithstanding the foregoing, the liability of each Holder under this
subsection (b) shall be limited in an amount equal to the gross proceeds before
expenses and commissions to such Holder received for the shares sold by such
Holder, unless such liability arises out of or is based on willful misconduct by
such Holder.

               (c) Each party entitled to indemnification under this Section
1.10 (the "Indemnified Party") shall give notice to the party required to
provide indemnification (the "Indemnifying Party") promptly after such
Indemnified Party has actual knowledge of any claim as to which indemnity may be
sought, and shall permit the Indemnifying Party to assume the defense of any
such claim or any litigation resulting therefrom, provided that counsel for the
Indemnifying Party, who shall conduct the defense of such claim or litigation,
shall be approved by the Indemnified Party (whose approval shall not
unreasonably be withheld or delayed), and the Indemnified Party may participate
in such defense at such Indemnified Party's expense, and provided further that
the failure of any Indemnified Party to give notice as provided herein shall not
relieve the Indemnifying Party of its obligations under this Section 1 unless
the failure to give such notice is materially prejudicial to an Indemnifying
Party's ability to defend such action and provided further, that the
Indemnifying Party shall not assume the defense for matters as to which there is
a conflict of interest or separate and different defenses. No Indemnifying
Party, in the defense of any such claim or litigation, shall, except with the
consent of each Indemnified Party, consent to entry of any judgment or enter
into any settlement which does not include as an unconditional term thereof the
giving by the claimant or plaintiff to such Indemnified Party of a release from
all liability in respect to such claim or litigation.

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        1.11 INFORMATION BY HOLDER. The Holder or Holders of Registrable
Securities included in the registration shall furnish to the Company such
information regarding such Holder or Holders, the Registrable Securities held by
them and the distribution proposed by such Holder or Holders as the Company may
request in writing and as shall be required in connection with the registration
referred to in this Section 1.

        1.12 RULE 144 REPORTING. With a view to making available the benefits of
certain rules and regulations of the Commission which may at any time permit the
sale of the Restricted Securities to the public without registration, the
Company agrees to use its commercially reasonable efforts to:

               (a) Make and keep public information available, as those terms
are understood and defined in Rule 144 under the Securities Act, at all times;

               (b) Use its commercially reasonable efforts to file with the
Commission in a timely manner all reports and other documents required of the
Company under the Securities Act and the Exchange Act; and

               (c) So long as a Holder owns any Restricted Securities to furnish
to the Holder forthwith upon request a written statement by the Company as to
its compliance with the reporting requirements of said Rule 144, and of the
Securities Act and the Exchange Act, a copy of the most recent annual or
quarterly report of the Company, and such other reports and documents of the
Company and other information in the possession of or reasonably obtainable by
the Company as the Holder may reasonably request in availing itself of any rule
or regulation of the Commission allowing the Holder to sell any such securities
without registration.

        1.13 TRANSFER OF REGISTRATION RIGHTS. The rights to cause the Company to
register securities granted to eGlobal under this Section 1 may be assigned in
whole or in part to a transferee or assignee permitted under Section 1.4 which
acquires at least 50,000 shares (as adjusted for stock splits, combinations,
consolidations, or similar events with respect to such shares) of Registrable
Securities.

        1.14 TERMINATION OF REGISTRATION RIGHTS. The registration rights granted
pursuant to Section 1 shall terminate as to each Holder on the earlier of (i)
one year after the effective date of the Registration Statement, (ii) the date
on which all Registrable Securities held by such Holder may be resold without
registration during any 90 day period by reason of Rule 144 under the Securities
Act or any other rule of similar effect or (iii) all of the Registrable
Securities held by such Holder have been sold pursuant to the Registration
Statement or Rule 144 under the Securities Act or any other rule of similar
effect.

                                    SECTION 2

                 RIGHTS OF FIRST REFUSAL FOR COMPANY STOCK SALES

        2.1 GRANT OF RIGHTS. The Company hereby grants to eGlobal the right of
first refusal to purchase all or any part of eGlobal's Pro Rata Share (as
hereinafter defined) of New Securities (as

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defined in Section 2.2 below) which the Company may propose to sell and issue
during the 6 months following the Closing Date. eGlobal may purchase New
Securities on the same terms and at the same price at which the Company proposes
to sell New Securities. eGlobal's "Pro Rata Share", for purposes of this right
of first refusal, shall be the ratio of the total number of shares of Common
Stock held by eGlobal to the total number of shares of Common Stock outstanding
immediately prior to the issuance of New Securities (including any shares of
Common Stock issuable on the exercise of all exercisable outstanding
securities). The rights provided in this Section 2.1 shall not be available to
the extent eGlobal's exercise of such rights would require the Company to obtain
stockholder approval pursuant to Nasdaq Rule 4450(i).

        2.2 NEW SECURITIES. "New Securities" shall mean any capital stock of the
Company, whether or not now authorized, and any rights, options or warrants to
purchase any capital stock of the Company, and all securities of any type that
are or may become convertible into capital stock of the Company; provided,
however, that "New Securities" does not include (i) securities offered to the
public in an underwritten offering pursuant to a registration statement filed
under the Securities Act, (ii) securities issued pursuant to the acquisition of
another corporation by the Company by merger or by purchase of all or
substantially all of the assets, (iii) securities issued in connection with the
exercise of any options outstanding on the date hereof, (iv) all shares of
Common Stock (or options therefor) hereafter issued or issuable to officers,
directors, employees or consultants of the Company pursuant to any employee or
consultant stock option or stock purchase plan or arrangement approved by the
Board of Directors of the Company, (v) securities issued in connection with a
strategic or bank financing or an equipment lease or other similar transaction
which is approved by the Board of Directors of the Company, (vi) capital stock,
options, warrants or other convertible securities issued in connection with a
bridge financing which is approved by the Board of Directors of the Company, and
(vii) securities issued in connection with a private placement completed on
substantially similar terms or at substantially the same time as the Purchaser's
purchase of the Shares.

        2.3 NOTICE. In the event the Company proposes to undertake an issuance
of New Securities, it shall give to eGlobal written notice (the "Notice") of its
intention, describing the type of New Securities, number of shares, the price,
the terms upon which the Company proposes to issue New Securities. eGlobal shall
have five (5) days from the date the Notice is received to agree to purchase any
or all of its Pro Rata Share of the New Securities for the price and upon the
terms specified in the Notice by giving written notice to the Company and
stating therein the quantity of New Securities to be purchased and forwarding
payment for the New Securities to the Company.

        2.4 SALE AFTER NOTICE. Beginning five (5) days after the date of the
Notice, the Company shall have one hundred and twenty (120) days to sell or
enter into an agreement to sell the New Securities with respect to which
eGlobal's rights were not exercised, at a price and upon general terms no more
favorable than specified in the Notice. In the event the Company has not sold
the New Securities within said one hundred and twenty (120) day period, the
Company shall not thereafter issue or sell any New Securities without first
offering such securities to eGlobal in the manner provided above.

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                                    SECTION 3

                                  MISCELLANEOUS

        3.1 GOVERNING LAW. This Agreement shall be governed in all respects by
the internal laws of the State of Delaware.

        3.2 SURVIVAL. The covenants and agreements made herein shall survive the
closing of the transactions contemplated hereby.

        3.3 SUCCESSORS AND ASSIGNS. Except as otherwise provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties hereto.

        3.4 ENTIRE AGREEMENT; AMENDMENT. This Agreement and the Purchase
Agreement constitute the full and entire understanding and agreement between the
parties with regard to the subjects hereof and thereof, and no party shall be
liable or bound to any other party in any manner by any warranties,
representations or covenants except as specifically set forth herein or therein.
Except as expressly provided herein, neither this Agreement nor any term hereof
may be amended, waived, discharged or terminated other than by a written
instrument signed by the party against whom enforcement of any such amendment,
waiver, discharge or termination is sought; provided, however, that Holders of a
majority of the Registrable Securities may, with the Company's prior written
consent, waive, modify or amend on behalf of all Holders, any provisions hereof.

        3.5 NOTICES. Any notice required or permitted to be given under this
Agreement will be effective if it is in writing and sent by certified or
registered mail, or insured courier, return receipt requested, to the
appropriate party at the address set forth above and with the appropriate
postage affixed. Either party may change its address for receipt of notice by
notice to the other party in accordance with this Section. Notices are deemed
given 2 business days following the date of mailing or 1 business day following
delivery to a courier.

        3.6 DELAYS OR OMISSIONS. Except as expressly provided herein, no delay
or omission to exercise any right, power or remedy accruing to any party to this
Agreement upon any breach or default of any other party under this Agreement,
shall impair any such right, power or remedy of such nondefaulting party nor
shall it be construed to be a waiver of any such breach or default, or an
acquiescence therein, or of or in any similar breach or default thereafter
occurring; nor shall any waiver of any single breach or default be deemed a
waiver of any other breach or default theretofore or thereafter occurring. Any
waiver, consent or approval of any kind or character on the part of any party of
any breach or default under this Agreement, or any waiver on the part of any
Holder of any provisions or conditions of this Agreement, must be in writing and
shall be effective only to the extent specifically set forth in such writing.
All remedies, either under this Agreement or by law or otherwise afforded to any
party to this Agreement, shall be cumulative and not alternative.

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        3.7 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be enforceable against the parties actually
executing such counterparts, and all of which together shall constitute one
instrument.

        3.8 SEVERABILITY. In the event that any provision of this Agreement
becomes or is declared by a court of competent jurisdiction to be illegal,
unenforceable or void, this Agreement shall continue in full force and effect
without said provision; provided that no such severability shall be effective if
it materially changes the economic benefit of this Agreement to any party.

        3.9 TITLES AND SUBTITLES. The titles and subtitles used in this
Agreement are used for convenience only and are not considered in construing or
interpreting this Agreement.

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        IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                    SAGENT TECHNOLOGY, INC.

                                    By: /s/ DAVID ELIFF
                                       ----------------------------

                                    Name:   DAVID ELIFF
                                         --------------------------

                                    Its: EVP/CFO
                                        ---------------------------

                                    EGLOBAL TECHNOLOGY SERVICES
                                        HOLDINGS LIMITED

                                    By: /s/ DONALD E. SAUNDERS
                                       ----------------------------

                                    Name: DONALD E. SAUNDERS
                                         --------------------------

                                    Its: President/CEO
                                        ---------------------------

                                    EGLOBAL TECHNOLOGY SERVICES PTE
                                    LTD

                                    By: /s/ DONALD E. SAUNDERS
                                       ----------------------------

                                    Name: DONALD E. SAUNDERS
                                         --------------------------

                                    Its: Director
                                        ---------------------------

                                      -12-<PAGE>   1
                                                                   EXHIBIT 10.28

                             SAGENT TECHNOLOGY, INC.

                         BEN BARNES EMPLOYMENT AGREEMENT

     This Agreement is made by and between Sagent Technology, Inc. ("the
Company"), and you, Ben Barnes (also referred to as the "Executive"), as of
August 4, 2000 (the "Effective Date").

     1.   Duties and Scope of Employment.

          (a)  Positions and Duties. You will serve as President and Chief
Executive Officer of the Company. As such, you will have overall responsibility
for the management of the Company, all employees will directly report to you and
you will report directly to the Company's Board of Directors (the "Board"). You
shall have the ultimate authority as Chief Executive Officer and President for
all Company operational and strategic matters, subject to the general oversight
of the Board. You will render such business and professional services in the
performance of your duties, consistent with your position within the Company, as
shall reasonably be assigned to you by the Board. The period of your employment
under this Agreement is referred to herein as the "Employment Term."

          (b)  Place of Employment. Your services will be performed in the
Company's Mountain View, California headquarters subject to such business travel
as may be required from time to time.

          (c)  Board Membership. You will serve as a member of the Board,
subject to any required Board and/or stockholder approval.

          (d)  Obligations. During the Employment Term, you will devote your
full business efforts and time to the Company and such of its subsidiaries as
the Board may designate. During the Employment Term, you will not engage in any
other employment, occupation or consulting activity for any direct or indirect
remuneration without the prior approval of the Board (which approval will not be
unreasonably withheld); provided that without the approval of the Board you may
serve in any capacity with any civic, educational or charitable organization to
the extent that such service does not substantially interfere with your duties
under this Agreement.

     2.   Employee Benefits. During the Employment Term, you will be eligible to
participate in all Company employee benefit plans, in accordance with the terms
of such plans, that are applicable to other senior executives of the Company of
similar rank and status, as such plans and terms may exist from time to time,
including, without limitation, group health insurance, 401(k), and equity
incentive plans. In addition, the Company shall provide you with, subject to
your Representation (as defined below), a "Core Package" which, for purposes of
this agreement, shall mean (i) term life insurance with a death benefit of at
least $5 million, the cost of which shall be paid by the Company, and (ii)
disability insurance in a reasonable amount acceptable to the Executive and the
Company, the cost of which shall be paid by the Company. By signing this
Agreement, Executive hereby represents that he has had annual physicals over the
past years, that he is a non-smoker and that he is not aware of any significant
health problems that may affect his ability to receive the Core Package at a
reasonable cost to the Company (the "Representation"). Subject to Executive's
completion of

<PAGE>   2

any physicals, tests or forms provided to Executive by the applicable
insurance underwriter, the life insurance and the disability insurance shall be
established as soon as possible on or after the Effective Date, but in no event
later than thirty days after the Effective Date without Executive's express
written consent (unless such delay results from breach of the foregoing
Executive performance obligations). The Company reserves the right to cancel or
change the benefit plans and programs it offers to its employees at any time;
provided, however, the Core Benefits will not be cancelled until the earlier of
(i) the end of the Employment Term, or (ii) the Executive's establishment of a
similar group benefit package for other senior executives of the Company.

     3.   Payment of Legal Fees in Connection with this Agreement. The Company
will reimburse you for reasonable legal fees and disbursements incurred in
connection with the negotiation, preparation, implementation, and execution of
this Agreement; provided that the Company will not be required to reimburse you
for more than $10,000 under this Section.

     4.   Business Travel and Expenses. During the Employment Term, the Company
will reimburse you for reasonable business travel and other reasonable business
expenses in accordance with the terms of all Company policies that are
applicable to other senior executives of the Company of similar rank and status,
as such policies and terms may exist from time to time.

     5.   Vacation. During the Employment Term, you will be eligible for
vacation time in accordance with the terms of all Company policies that are
applicable to other senior executives of the Company of similar rank and status,
as such policies and terms may exist from time to time, with the timing and
duration of specific vacations mutually and reasonably agreed to by you and the
Company; provided that you shall be entitled to no less than four weeks of paid
vacation during each calendar year.

     6.   Relocation and Temporary Commuting Expense Reimbursement. During the
Employment Term, the Company will reimburse you for the following reasonable
expenses: (a) moving expenses incurred by you and your prospective family during
your relocation from your primary residences (including automobiles) to the
Silicon Valley, (b) temporary commuting and living expenses incurred during
trips from your primary residence to the Company for a period of up to six
months or until such earlier time as you move to the Silicon Valley area, (c)
reasonable costs incurred during the relocation of you and your prospective
family to Silicon Valley, including, but not limited to, reasonable costs
associated with the sale of your sole designated residence (e.g., reasonable
brokerage costs, etc.), and (d) the payment of up to three mortgage points
towards the purchase of your primary residence in the Silicon Valley area. You
will be fully grossed-up by the Company for any taxes required to be recognized
by you, as reasonably determined by the Company, by virtue of the payment of the
foregoing relocation and temporary commuting expenses.

     7.   Home Purchase Loan.

          (a)  Interest-Free Loan. The Company will provide you with an
interest-free loan of $750,000 for use towards the purchase of a primary
residence to be located in the Silicon Valley area. Subject to subsections (i)
and (ii) below, the Company will forgive the principal of this interest-free
loan upon the fifth anniversary of the Effective Date.

                                      -2-
<PAGE>   3

               (i)  If you resign for "Good Reason" or are terminated without
"Cause" before the fifth anniversary of the Effective Date, the balance owed as
of your termination date will be, at the discretion of the Company, forgiven on
the date of such termination (the "Accelerated Forgiveness Date") or at the end
of the original five year period. Within a reasonable period of time after the
Accelerated Forgiveness Date, if applicable, the Company further agrees to
provide you with a loan bearing 5% simple interest in an amount sufficient to
cover any tax liability which may arise in connection with the forgiveness of
this interest free loan (the "Additional Loan"). This Additional Loan shall be
full recourse against the Executive and all payments of principal and interest
on this Additional Loan shall be due on the later of (i) the third anniversary
of the Additional Loan origination date, or (ii) the fifth anniversary of the
Effective Date; or

               (ii) If you resign without "Good Reason" or are terminated for
"Cause" before the fifth anniversary of the Effective Date, you must repay the
remaining loan balance owed as of your termination date within ninety days of
your last day of employment with the Company. The remaining loan balance owed as
of the termination date shall equal the $750,000 loan minus the product of (X)
$150,000, multiplied by (Y) the number of years you have been employed by the
Company beginning on the Effective Date and ending on the date of termination.
For purposes of this subsection (ii), the year in which your employment
terminates (unless such termination occurs in calendar year 2000) shall be
considered a full year for purposes of this calculation.

          (b)  Additional Interest-Bearing Loan. You are also eligible to
receive an additional loan of up to $2,000,000 to use towards the purchase of a
primary residence to be located in the Silicon Valley area. The additional loan
shall bear a simple interest of 5% per year with no compounding. The interest
and principal of this additional loan will not be forgiven by the Company. No
payments on this loan are due until your fifth anniversary of the Effective Date
with the Company, at which time the accrued interest and principal borrowed will
be repaid in full. If you are terminated for "Cause" or resign without "Good
Reason" before the fifth anniversary of the Effective Date, all principal and
accrued interest shall be due within ninety days of your last day of employment
with the Company. It is expressly agreed that this is a secured (against your
primary residence), fifty-percent recourse loan.

     8.   Compensation.

          (a)  Base Salary. During the Employment Term, the Company will pay you
as compensation for your services a base salary at the annualized rate of not
less than $425,000 (the "Base Salary"). The Base Salary will be paid in
accordance with the Company's normal payroll practices as in effect from time to
time. During the Employment Term, your Base Salary will be reviewed for possible
merit increases at least annually.

          (b)  Signing Bonus. Upon the Effective Date of this agreement, the
Company will pay you $500,000. In the event that you resign without Good Reason
before the first anniversary of the Effective Date, you must repay the full sum
of $500,000 within thirty days of your termination date with the Company.

          (c)  Annual Bonuses. For each calendar year, you will be eligible to
receive a target annual bonus based upon the achievement of reasonable
performance criteria specified by the Board after consultation with you (the
"Annual Bonus"). The Annual Bonus amount payable for any year

                                      -3-
<PAGE>   4

will depend upon the extent to which the applicable performance criteria have
been satisfied, with a higher or lower Annual Bonus amount payable if such
performance criteria are exceeded or not met, as the case may be. Your target
Annual Bonus will equal $275,000 and your maximum Annual Bonus will equal 200%
of your target Annual Bonus. Any Annual Bonus that is actually earned will be
paid as soon as practicable after the end of the year for which the Annual Bonus
is earned, but only if you remain employed with the Company through the end of
the year for which the Annual Bonus is earned. Except as provided in Section 18
and notwithstanding anything else to the contrary herein, unless Executive
voluntarily resigns without Good Reason (as defined herein) in calendar year
2000, Executive shall receive an Annual Bonus in calendar year 2000 which shall
be at least equal to $275,000.

          (d)  Stock Option.

               (i)  Upon the Effective Date of this Agreement, you will receive
a stock option and restricted stock as follows:

                    (1)  You will be granted an option to purchase 750,000
shares of the Company's common stock at an exercise price per share equal to the
fair market value of the Company's common stock on the earlier of (X) the last
business day prior to the public announcement of this Agreement, or (Y) the date
you become an employee of the Company (the "Option"). Subject to the accelerated
vesting provision set forth in Section 12(a) herein, the Option will vest as to
25% of the shares subject to the Option one year after the Effective Date, and
1/48 of the total shares subject to the Option shall vest monthly thereafter, so
that the Option will be fully vested and exercisable four years from the
Effective Date, subject to your continued service to the Company on the relevant
vesting dates. The Option may be exercised prior to vesting, subject to the
Executive entering into a standard form of restricted stock purchase agreement
with the Company. To the maximum extent possible under the $100,000 rule of
Section 422(d) of the Internal Revenue Code of 1986, as amended (the "Code"), a
portion of this Option will be designated as an "incentive stock option" as
defined in Section 422 of the Code.

                    (2)  You will be granted 150,000 shares of restricted stock
for a purchase price equal to the par value of the common stock of $0.01 per
share ("Restricted Stock"). These shares of Restricted Stock will vest over a
four year period, with 25% of the shares vesting on the first anniversary of the
Effective Date, and 1/48 of the total shares vesting monthly thereafter, so that
all of the shares will be fully vested four years from the Effective Date,
subject to your continued service to the Company on the relevant dates.

               (ii) Subject to this Agreement, the Option will be subject to the
terms, definitions and provisions of the Company's 1998 Stock Plan (the "Stock
Plan") and the stock option agreement by and between you and the Company (the
"Option Agreement"), both of which documents are incorporated herein by
reference.

               (iii) Subject to this Agreement, the Restricted Stock will be
subject to the terms, definitions and provisions of the Stock Plan and the
restricted stock purchase agreement by and between you and the Company (the
"Purchase Agreement"), both of which documents are incorporated herein by
reference.

                                      -4-

<PAGE>   5

               (iv) The Company has registered or will register the shares
issuable under the Option and the shares of Restricted Stock on a Form S-8
registration statement prior to the initial vesting date for each Option and for
shares of Restricted Stock. The Company will use its commercially reasonable
best efforts to keep such registration statement in effect for the entire period
of the Option and the entire period that the shares of Restricted Stock remain
unvested.

     9.   Proprietary Information Agreement. Executive agrees to enter into the
Company's standard Confidential Information and Invention Assignment Agreement
(the "Proprietary Information Agreement") upon commencing employment hereunder,
as modified so as not to conflict with the provisions of this Agreement and
expressly omitting Section 6 (Covenant Not To Compete), Section 7 (Inducing
Employees to Leave Employer; Employment of Employees) and Section 8
(Nonsolicitation of Business).

     10.  Non-Solicitation. During the Employment Term, and for a period of
twelve months immediately following the termination of your relationship with
the Company for any reason, whether with or without Cause or Good Reason, you
agree not to either directly or indirectly solicit, induce, recruit or encourage
any of the Company's employees to leave their employment, or take away such
employees, or attempt to solicit, induce, recruit, encourage or take away
employees of the Company, either for yourself or for any other person or entity.

     11.  Golden Parachute Excise Tax. In the event that the compensation,
including stock option and restricted stock proceeds, (the "Total Payments")
provided for in this Agreement or otherwise payable or provided to you: (a)
constitute "parachute payments" within the meaning of Section 280G of the Code,
and (b) but for this Section 11, would be subject to the excise tax imposed by
Section 4999 of the Code (the "Excise Tax"), then your Total Payments will be
either:

               (i)  delivered in full, or

               (ii) delivered as to such lesser extent which would result in no
portion of such severance benefits being subject to the Excise Tax,

whichever of the foregoing amounts, taking into account the applicable federal,
state and local income taxes and the Excise Tax, results in your receipt on an
after-tax basis, of the greatest amount of Total Payments, notwithstanding that
all or some portion of such Total Payments may be taxable under Section 4999 of
the Code. Unless you and the Company otherwise agree in writing, any
determination required under this Section 11 shall be made in writing in good
faith by the accounting firm serving as the Company's independent public
accountants immediately prior to the Change of Control (the "Accountants"). In
the event of a reduction in benefits hereunder, you will be given the choice of
which benefits to reduce. For purposes of making the calculations required by
this Section, the Accountants may make reasonable assumptions and approximations
concerning applicable taxes and may rely on reasonable, good faith
interpretations concerning the application of Sections 280G and 4999 of the
Code. You and the Company will furnish to the Accountants such information and
documents as the Accountants may reasonably request in order to make a
determination under this Section. The Company will bear all costs the
Accountants may reasonably incur in connection with any calculations
contemplated by this Section.

     12.  Severance.

                                      -5-
<PAGE>   6

          (a)  Involuntary Termination. In the event that you are terminated by
the Company without Cause or you voluntarily terminate your employment for Good
Reason, you will be entitled to receive:

               (i)  Earned and Unpaid Base Salary and Annual Bonus. All earned
but unpaid Base Salary and Annual Bonus amounts otherwise owed to you under the
terms of this Agreement through the date of termination, payable in a lump sum
within thirty days of your termination;

               (ii) Base Salary. Severance pay in an amount equal to one year of
your Base Salary, payable in a lump sum within thirty days of your termination;

               (iii) Annual Bonus. In addition to any calendar year 2000
severance payments set forth in Section 8(c), in the event you are terminated by
the Company without Cause or you voluntarily terminate your employment for Good
Reason on or after January 1, 2001, then you shall receive a pro-rated amount of
your Annual Bonus at target under Section 8(c) herein for the calendar year in
which you have terminated employment with the Company. Such amount shall equal
the product of (X) the target Annual Bonus for the calendar year of termination,
multiplied by (Y) a fraction of which the numerator is the number of months you
are employed by the Company during the calendar year of termination and the
denominator is twelve. The month in which your employment terminates shall be
considered a full month for purposes of this calculation;

               (iv) COBRA Benefits. The Company shall pay the group health
continuation coverage premiums for you and your covered dependents under Title X
of the Consolidated Budget Reconciliation Act of 1985, as amended ("COBRA")
through the lesser of (x) twelve months from the date of your termination of
employment, or (y) the date upon which you and your covered dependents are
covered by similar plans of your new employer;

               (v)  Stock Options.

                    (1)  In the event you are terminated by the Company without
Cause or you voluntarily terminate your employment for Good Reason prior to the
one year anniversary of the Effective Date then 50% of the unvested shares
subject to your Option shall immediately vest and become exercisable for the
earlier of (X) a period of two years following the date of termination, or (Y)
the term of the Option. All additional shares subject to your Option which have
not vested as of your termination date will be forfeited. After termination, the
Option will continue to be subject to the terms, definitions, and provisions of
the Stock Plan and the Option Agreement.

                    (2)  In the event you are terminated by the Company without
Cause or you voluntarily terminate your employment for Good Reason on or after
the one year anniversary of the Effective Date then 100% of the unvested shares
subject to your Option shall immediately vest and become exercisable for the
earlier of (X) a period of two years following the date of termination, or (Y)
the term of the Option. After termination, the Option will continue to be
subject to the terms, definitions, and provisions of the Stock Plan and the
Option Agreement;

               (vi) Restricted Stock. All unvested shares of restricted stock
shall immediately vest and be owned outright by you or your estate or designated
beneficiary.

                                      -6-
<PAGE>   7

               (vii) Mitigation. Except as provided in (iv) of this Section, the
severance benefits provided for above shall not be subject to mitigation.

          (b)  Voluntary Termination or Termination for Cause. Except as
otherwise provided for in Section 8(c), in the event that you are terminated by
the Company for "Cause," upon written notice to you at any time following a
determination by two-thirds vote of the Board (excluding Executive) that there
is "Cause," or in the event that you voluntarily terminate your employment
without Good Reason, you will not be entitled to any Severance Payments under
this Section 12. You will be paid your Base Salary earned through the date of
your termination, and you will be permitted to exercise your Option, to the
extent vested as of the date of your termination, in accordance with the terms
of your Option Agreement and the Stock Plan. Your Option and your Restricted
Stock will cease to vest on the date of your termination. In addition, if your
employment under this Section 12(b) terminates on or after January 1, 2001, then
you shall receive a pro-rated amount of your Annual Bonus at target under
Section 8(c) herein for the calendar year in which you have terminated
employment with the Company. Such amount shall equal the product of (X) the
target Annual Bonus for the calendar year of termination, multiplied by (Y) a
fraction of which the numerator is the number of full months you are employed by
the Company during the calendar year of termination and the denominator is
twelve.

          (c)  Death or Disability. Your employment will automatically terminate
upon your death or upon your Disability (as defined herein). In the event of
your death or Disability (as defined herein), you or your estate, as applicable,
shall be entitled to receive the payments and benefits set forth in Section
12(a)(i) above. In the event of your Disability (as defined herein), you shall
also be entitled to receive twelve months continuation payments of your Base
Salary less any disability payments you receive during such twelve month period,
payable in accordance with the Company's normal payroll practices as then in
effect. The Company shall have the right to withhold such payments if you fail
to provide information necessary for the Company to determine whether you are
receiving disability payments and the amount of such payments. You or your
estate, as applicable, shall be permitted to exercise your Option, to the extent
vested as of the date of your termination, in accordance with the terms of your
Option Agreement and the Stock Plan. Your Option and your Restricted Stock will
cease to vest on the date of your termination.

     13.  At-Will Employment. Your employment with the Company constitutes
"at-will" employment. You and the Company acknowledge that this employment
relationship may be terminated at any time, upon written notice to the other
party, with or without good cause or for any or no cause, at the option of
either you or the Company. However, as described in this Agreement, you may be
entitled to severance benefits depending upon the circumstances of your
termination of employment.

     14.  Definitions.

          (a)  Cause. For purposes of this Agreement, "Cause" is defined as (i)
negligence or misconduct in the performance of your duties to the Company (other
than as a result of your Disability) that has resulted in substantial and
material damage to the Company; (ii) your commission of any act of fraud with
respect to the Company; or (iii) conviction of a felony or a crime involving
moral turpitude causing material harm to the business and affairs of the
Company. As to clause (i), if the Board determines that you have not
substantially performed your duties, you

                                      -7-
<PAGE>   8

will receive a written demand for improved performance from the Board. The
demand will set forth the factual basis for the Company's belief that you have
not substantially performed your duties, and will list areas in which you must
improve. You will have three months from the date of receiving such written
demand to improve your performance to the reasonable satisfaction of the Board.
If the Board determines that after three months of receiving such written demand
you have not improved to its satisfaction, you will be terminated for "Cause"
under this Agreement.

          (b)  Change of Control. For purposes of this Agreement, "Change of
Control" of the Company is defined as: (i) any person or entity becoming the
beneficial owner, directly or indirectly, of securities of the Company
representing fifty percent of the total voting power of all of the Company's
then outstanding voting securities, (ii) a merger or consolidation of the
Company in which the Company's voting securities immediately prior to the merger
or consolidation do not represent, or are not converted into securities that
represent, a majority of the voting power of all voting securities of the
surviving entity immediately after the merger or consolidation, (iii) a sale of
substantially all of the assets of the Company or a liquidation or dissolution
of the Company, or (iv) individuals, who, as of the Effective Date, constitute
the Board of Directors (the "Incumbent Board") cease for any reason to
constitute at least a majority of such Board; provided that any individual who
becomes a director of the Company subsequent to the Effective Date, whose
election or nomination for election by the Company's stockholders was approved
by the vote of at least a majority of the directors then in office shall be
deemed a member of the Incumbent Board.

          (c)  Disability. For purposes of this Agreement, "Disability" will
mean Executive's inability to perform his job responsibilities for a period of
180 consecutive days or 180 days in the aggregate in any twelve month period, as
determined by the Board (excluding Executive).

          (d)  Good Reason. For purposes of this Agreement, "Good Reason" will
mean that you voluntarily resign within ninety days after the occurrence of any
of the following, without your written consent: (i) a material reduction of the
duties, title, authority or responsibilities, relative to your duties, title,
authority or responsibilities as in effect immediately prior to such reduction,
or the express written assignment to you of such reduced duties, title,
authority or responsibilities; (ii) without your express written consent, a
material reduction of the facilities and perquisites (including office space and
location) available to you immediately prior to such reduction; (iii) a
reduction by the Company in your Base Salary or Annual Bonus as in effect
immediately prior to such reduction; (iv) the Company's willful failure to make
any of the payments required to be made under Section 6 or Section 7 hereof; (v)
a material reduction by the Company in the kind or level of your employee
benefits, including bonuses, to which you were entitled immediately prior to
such reduction; (vi) your relocation to a facility or a location more than
thirty miles from either the Company or your home; (vi) the failure of the
Company to obtain the assumption of this agreement by any successors; (vii) your
no longer being President and Chief Executive Officer of the Company, or in the
case of a Change of Control (as defined herein), of the surviving entity or
acquiror that results from any Change of Control; or (ix) any material breach by
the Company of any of its obligations hereunder.

     15.  Assignment. This Agreement will be binding upon and inure to the
benefit of (a) your heirs, executors and legal representatives upon your death
and (b) any successor of the Company. Any such successor of the Company will be
deemed substituted for the Company under the terms of this Agreement for all
purposes, and shall assume in writing and be bound by all of the Company's
obligations under this Agreement, unless your agree otherwise in writing. For
this

                                      -8-
<PAGE>   9

purpose, "successor" means any person, firm, corporation or other business
entity which at any time, whether by purchase, merger or otherwise, directly or
indirectly acquires all or substantially all of the assets or business of the
Company. None of your rights to receive any form of compensation payable
pursuant to this Agreement may be assigned or transferred except by will or the
laws of descent and distribution. Any other attempted assignment, transfer,
conveyance or other disposition of your right to compensation or other benefits
will be null and void.

     16.  Notices. All notices, requests, demands and other communications
called for hereunder shall be in writing and shall be deemed given (i) on the
date of delivery if delivered personally, (ii) one (1) day after being sent by a
well established commercial overnight service, or (iii) four days after being
mailed by registered or certified mail, return receipt requested, prepaid and
addressed to the parties or their successors at the following addresses, or at
such other addresses as the parties may later designate in writing:

If to the Company:

     Sagent Technology, Inc.
     800 West El Camino Real, Suite 300
     Mountain View, CA 94040

     Attn: Chairman of the Board of Directors

If to Executive:

at your last residential address known by the Company.

     17.  Severability. In the event that any provision hereof becomes or is
declared by a court of competent jurisdiction to be illegal, unenforceable or
void, this Agreement will continue in full force and effect without said
provision.

     18.  Prior Employment. Notwithstanding anything in this Agreement to the
contrary, if the Executive does not resign from his position with his previous
employer on terms and conditions acceptable to the Executive within thirty (30)
days of the Effective Date, then upon written notice from the Executive to the
Company or upon written notice from the Company to the Executive this Agreement
shall immediately terminate and be of no further force and effect and the
parties shall have no liability to each other hereunder. Written notice from the
Company to the Executive terminating this Agreement pursuant to this Section
shall not trigger any of the severance provisions herein.

     19.  Entire Agreement. This Agreement, including the Stock Plan, Option
Agreement, Proprietary Information Agreement and Purchase Agreement, represents
the entire agreement and understanding between the Company and you concerning
your employment relationship with the Company or any of its subsidiaries, and
supersedes and replaces any and all prior agreements and understandings
concerning your employment relationship with the Company.

     20.  Indemnification. You will be entitled throughout the Employment Term
in your capacity as an officer or director of the Company or any of its
subsidiaries, or as a member of any other governing body or any partnership or
joint venture in which the Company has an equity

                                      -9-
<PAGE>   10

interest (and after the term of employment, to the extent relating to any
continued service as such officer, director or member) to the benefit of the
indemnification provisions contained in the Certificate of Incorporation and
By-Laws of the Company as in effect from time to time, to the extent not
prohibited by applicable law at the time of the assertion of any liability
against you. The Company currently maintains and will continue to maintain a
directors and officer's insurance policy during your service as an officer
and/or director of the Company.

     21.  Authority. The Company represents and warrants to you that this
Agreement is legal, valid, and binding upon the Company and the execution of
this Agreement and the performance of the Company's obligations hereunder does
not and will not constitute a breach of, or conflict with, the terms or
provisions of, any agreement or understanding to which the Company is a party.

     22.  Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, and which together
shall constitute one instrument.

     23.  Arbitration and Equitable Relief.

          (a)  Except as provided in Section 23(d) below, you and the Company
agree that to the extent permitted by law, any dispute or controversy arising
out of, relating to, or in connection with this Agreement, or the
interpretation, validity, construction, performance, breach, or termination
thereof will be settled by arbitration to be held in the County of Santa Clara,
California, in accordance with the National Rules for the Resolution of
Employment Disputes then in effect of the American Arbitration Association (the
"Rules"). The arbitrator may grant injunctions or other relief in such dispute
or controversy. The decision of the arbitrator will be final, conclusive and
binding on the parties to the arbitration. Judgment may be entered on the
arbitrator's decision in any court having jurisdiction.

          (b)  The arbitrator will apply California law to the merits of any
dispute or claim, without reference to rules of conflict of law. You hereby
expressly consent to the personal jurisdiction of the state and federal courts
located in California for any action or proceeding arising from or relating to
this Agreement and/or relating to any arbitration in which the parties are
participants.

          (c)  The Company will pay the direct costs and expenses of the
arbitration. The Company will pay your counsel fees and reasonable expenses.

          (d)  The Company or you may apply to any court of competent
jurisdiction for a temporary restraining order, preliminary injunction, or other
interim or conservatory relief, as necessary to enforce the provisions of this
Agreement, without breach of this arbitration agreement and without abridgement
of the powers of the arbitrator.

          (e)  You understand that nothing in this Section 23 modifies your
at-will status. Either the Company or you can terminate the employment
relationship at any time, with or without cause.

          (f)  YOU HAVE READ AND UNDERSTAND THIS SECTION 23, WHICH DISCUSSES
ARBITRATION. YOU UNDERSTAND THAT BY SIGNING THIS AGREEMENT, YOU AGREE TO THE
EXTENT PERMITTED BY LAW, TO SUBMIT ANY FUTURE CLAIMS

                                      -10-
<PAGE>   11

ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT, OR THE
INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH, OR TERMINATION
THEREOF TO BINDING ARBITRATION, AND THAT THIS ARBITRATION CLAUSE CONSTITUTES A
WAIVER OF YOUR RIGHT TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL
DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EXECUTIVE RELATIONSHIP,
INCLUDING BUT NOT LIMITED TO, THE FOLLOWING CLAIMS:

               (i)  ANY AND ALL CLAIMS FOR WRONGFUL DISCHARGE OF EMPLOYMENT;
BREACH OF CONTRACT, BOTH EXPRESS AND IMPLIED; BREACH OF THE COVENANT OF GOOD
FAITH AND FAIR DEALING, BOTH EXPRESS AND IMPLIED; NEGLIGENT OR INTENTIONAL
INFLICTION OF EMOTIONAL DISTRESS; NEGLIGENT OR INTENTIONAL MISREPRESENTATION;
NEGLIGENT OR INTENTIONAL INTERFERENCE WITH CONTRACT OR PROSPECTIVE ECONOMIC
ADVANTAGE; AND DEFAMATION;

               (ii) ANY AND ALL CLAIMS FOR VIOLATION OF ANY FEDERAL STATE OR
MUNICIPAL STATUTE, INCLUDING, BUT NOT LIMITED TO, THE AMERICANS WITH
DISABILITIES ACT OF 1990, THE FAIR LABOR STANDARDS ACT, AND ANY LAW OF ANY
STATE; AND

               (iii) ANY AND ALL CLAIMS ARISING OUT OF ANY OTHER LAWS AND
REGULATIONS RELATING TO EMPLOYMENT OR EMPLOYMENT DISCRIMINATION.

     24.  No Oral Modification, Cancellation or Discharge. This Agreement may be
changed or terminated only in writing (signed by you and the an authorized
member of the Board).

     25.  Withholding. The Company is authorized to withhold, or cause to be
withheld, from any payment or benefit under this Agreement the full amount of
any applicable withholding taxes.

     26.  Governing Law. This Agreement will be governed by the laws of the
State of California (with the exception of its conflict of laws provisions).

     27.  Acknowledgment. You acknowledge that you have had the opportunity to
discuss this matter with and obtain advice from your private attorney, have had
sufficient time to, and have carefully read and fully understand all the
provisions of this Agreement, and are knowingly and voluntarily entering into
this Agreement.

     28.  Beneficiaries. Whenever this Agreement provides for any payment to the
Executive's estate, such payment may be made instead to such beneficiary or
beneficiaries as the Executive may designate by written notice to the Company.
The Executive shall have the right to revoke any such designation and to
re-designate a beneficiary or beneficiaries by written notice to the Company
(and to any applicable insurance company) to such effect.

                                      -11-
<PAGE>   12

IN WITNESS WHEREOF, the undersigned have executed this Agreement on the
respective dates set forth below:

BEN BARNES

/s/ BEN BARNES                           Date:  August 4, 2000
--------------------------------
Ben Barnes

SAGENT TECHNOLOGY, INC

/s/ KENNETH GARDNER                      Date:  August 4, 2000
--------------------------------
Title: President

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